Bromobenzene market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Product ( Phenyl magnesium bromide, Phencyclidine, and Others), Application ( Grignard Reagent, Solvent, Chemical Intermediate, and Others), and Geography (Asia-Pacific, North America, Europe, and Rest of the World)

Market Snapshot

Market Summary - Bromobenzene Market
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The market for bromobenzene is expected to grow at a CAGR of over 4% during the forecast period of 2019 - 2024. One of the key driving factors of the market is the growing Pharmaceutical Industry in Asia-Pacific. However, the presence of Low-cost Chlorine-substituted Compounds is likely to restrain the market growth.

  • Growing Demand for Co-polymers and Bi-phenyls is also likely to boost the market growth during the forecast period.
  • The expansion of end-user segments in developing countries is likely to provide opportunities for the market growth in future.
  • North America is likely to dominate the market during the forecast period. 

Scope of the Report

The Bromobenzene market report include:

Product
Phenylmagnesium bromide
Phencyclidine
Other chemicals
Application
Grignard Reagent
Solvent
Chemical Intermediate
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Rest of the North America
Europe
Germany
France
United Kingdom
Italy
Rest of the Europe
Rest of the World
South America
Middle East & Africa

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Key Market Trends

Phenylmagnesium bromide to Dominate the Market

  • Phenylmagnesium bromide is one of the key product types of bromobenzene, which is a versatile Grignard reagent used to prepare benzoic acid, secondary amines, benzophenones, and other chemicals.
  • Phenylmagnesium bromide is also commercially available as diethyl ether or THF.
  • It is also used to introduce phenyl groups in coupling reactions, like Suzuki reactions. These reactions are used widely for synthesizing intermediates that are used in pharmaceuticals or fine chemicals.
  • Additionally, it is also used as a precursor in the maufacturing of phencyclidine, a dissociative drug.
  • Hence, phenylmagnesium bromide is likely to dominate the market during the forecast period.
Bromobenzene Mar

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Asia-Pacific to Witness the Highest Growth Rate

  • The Asia-Pacific bromobenzene market is likely to witness a strong growth rate during the forecast period owing to the increasing investment in the pharmaceutical industry of the region.
  • Apart from that, co-polymer and plastic industry have also been witnessing strong growth in the region which is also likely to have a positive impact on the growth of bromobenzene market in the region.
  • Some of the key factors that are driving the plastic industry in this region are the emerging e-retail & e-commerce and increasing demand from automotive and rapidly growing construction industry. 
  • Hence, due to the aforementioned factors, the market for bromobenzene in Asia-Pacific is likely to witness the highest growth rate during the forecast period.
Regional Growth

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Competitive Landscape

The market for bromobenzene is moderately consolidated with few companies occupying a significant amount of the market share. Some of the key players of the market include Hawks Chemical Company, Alfa Aesar, Merck KGaA, and SONTARA ORGANO INDUSTRIES among others.

Major Players

  1. Hawks Chemical Company
  2. Alfa Aesar
  3. Merck KGaA
  4. SONTARA ORGANO INDUSTRIES

* Complete list of players covered available in the table of contents below

Market Concentration - Bromobenzene market

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Pharmaceutical Industry in Asia-Pacific

      2. 4.1.2 Growing Demand for Co-polymers and Bi-phenyls

    2. 4.2 Restraints

      1. 4.2.1 Low-cost Chlorine-substituted Compounds

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porters 5 Force Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Product

      1. 5.1.1 Phenylmagnesium bromide

      2. 5.1.2 Phencyclidine

      3. 5.1.3 Other chemicals

    2. 5.2 Application

      1. 5.2.1 Grignard Reagent

      2. 5.2.2 Solvent

      3. 5.2.3 Chemical Intermediate

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Rest of the North America

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 France

        3. 5.3.3.3 United Kingdom

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of the Europe

      4. 5.3.4 Rest of the World

        1. 5.3.4.1 South America

        2. 5.3.4.2 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Alpha Aesar

      2. 6.4.2 ChemSampCo Inc.

      3. 6.4.3 Hawks Chemical Company

      4. 6.4.4 Heranba Industries Ltd

      5. 6.4.5 Merck KGaA

      6. 6.4.6 Shandong Henglian Chemical Co. Ltd

      7. 6.4.7 Shanghai Wescco Chemical Co. Ltd

      8. 6.4.8 SONTARA ORGANO INDUSTRIES

      9. 6.4.9 Tokyo Chemical Industry Co. Ltd�������������

      10. 6.4.10 Weifang Yonhop Chemical Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Expanding End-user Segments in Developing Countries

**Subject to Availability

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