Bronopol Market size is poised to reach USD 2 Billion by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of bronopol was USD 1.2 Billion. The reason behind the growth is due to the increasing consumption of fertilizers. Bronopol has antibacterial properties therefore it is frequently used as a fungicide and bactericide. Following a decrease in 2021 and 2022, an over 2% rebound in worldwide fertilizer usage was observed in 2023.
The growing usage of bronopol in oil field systems is believed to fuel the market growth. In many commercial and industrial applications, including oil field systems, bronopol is employed as a microbicide or microbiostat as it may control microbial contamination and works as a preservative to stop the growth of hazardous bacteria.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~5% |
Base Year Market Size (2023) |
~ USD 1.2 Billion |
Forecast Year Market Size (2036) |
~ USD 2 Billion |
Regional Scope |
|
Type (Biocides and Disinfectants, PH Adjusters and Stabilizers, Inhibitors, Defoaming Agents, Coagulants and Flocculants)
The coagulants and flocculants segment is estimated to hold 35% share of the global bronopol market by 2036 owing to rising consumption of contaminated water across the globe. According to UNESCO, nine out of ten people on the planet get their drinking water from unreliable and unimproved sources which can lead to health issues and waterborne illnesses. Moreover, lately, over 2 billion people living in "water-stressed" nations, and more than 2 billion people worldwide could become ill from the unknowable water quality of their rivers, lakes, and groundwater. This has surged the need for wastewater treatment facilities to shield the environment and people from dangerous and poisonous substances present in wastewater by removing impurities and suspended solids. As a consequence, the demand for coagulants and flocculants may rise significantly since they are employed in aqueous solutions in order to remove suspended solids. For instance, inadequate water quality is linked to over 45% of child fatalities and more than 78% of illnesses globally.
Form (Liquid, Solid)
Bronopol market from the liquid electronics segment is set to garner a notable share shortly. Bronopol, or 2-Bromo-2-nitro-1, in its liquid form, is frequently employed as an antibacterial which is approved for use as a commercial biocide and preservative in numerous industrial processes such as paper mills, oil exploration, and production sites, and is appropriate to be used in water treatment.
Our in-depth analysis of the global market includes the following segments:
Type |
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Form |
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Application |
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North American Market Forecast
Bronopol market in North America is predicted to account for the largest share of 40% by 2036, impelled by the growing oil and gas industry. America is the world's largest producer of natural gas and oil which encompasses both the refining of petroleum and the oil and gas production industries. Therefore, the demand for bronopol is anticipated to upsurge in the area. Moreover, bronopol is used in many different industrial processes such oil and gas industry to stop corrosion in hydraulic fracturing equipment that is caused by bacterial contamination. According to estimates, the oil and gas sector in the United States generated over USD 330 billion in revenue overall in 2022.
APAC Market Statistics
The APAC bronopol market is estimated to be the second largest, during the forecast timeframe led by rapid industrialization. This has led to increasing usage of bronopol in various end-use industries including such as pharmaceutical, cosmetic preservation, paper mills, industrial circulating water, algae-killing, paper pulp, paint, plastic, timber-cooling circulating water, and oil exploration as a commercial biocide and preservative. In 2023, India's industrial production climbed by over 10% compared to the previous year.
Author Credits: Rajrani Baghel
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