Bronopol Market Share

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.

Frequently Asked Questions (FAQ)

Increasing consumption of fertilizers and the growing usage of bronopol in oil field systems are the major factors driving the growth of the market.

The market size of bronopol is anticipated to attain a CAGR of 5% over the forecast period, i.e., 2024-2036.

The major players in the market are The Dow Chemical Company, Symbolic Pharma, Shanghai Rich Chemicals, Sharon laboratories, Mani Agro Chemicals, Sai Supreme Chemicals, BQ Technology (HK) Company, Wuhan Fortuna Chemical, BASF SE, Fujian Shaowu Yongfei Chemical Co., Ltd., Gayathri Chemicals and Agencies, and others.

The coagulants and flocculants segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North American region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.

Bronopol Market Share