Bronopol Market Size

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.