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At 4.73% CAGR, Global Bronopol Market to Surpass US$ 1,604.77 Mn By 2030, Forecast Report By Zion Market Research

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The global bronopol market size had a value of 1,108.56 Million in 2022 and is projected to reach 1,604.77 Million by 2030, with a Compound Annual Growth Rate (CAGR) of around 4.73%.

Global Bronopol Market: Overview

Bronopol has applications among various industrial processes and is a bromine compound biocide. It is used in the paper and pulp, oil and gas, paints and coatings, and in personal care and cosmetics industries. It is widely used as a cleaning agent in water treatment systems and as a preservative in oral medicated solutions and pharmaceutical liquids. Bronopol is available in solid and liquid forms according to the requirements of the end-users. The suppliers of bronopol are now focusing on research and development activities to produce better and innovative bronopol products. This will widen the scope of the bronopol market across the globe.

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Global Bronopol Market: Growth Factors

Bronopol is used in waste water treatment systems and owing to the increasing population and large-scale demand for water, the demand for bronopol is simultaneously rising across the globe. Health awareness in relation to the bacterial growth and pathogens among end users has increased significantly in recent years, which in turn will positively influence the demand for bronopol in the market. One of the major drivers of the market growth in the industrial sector will be the rising demand for improved sanitation in workplaces and production processes. Use of bronopol in cleaning products, in paint and coating applications and in the oil and gas sector will fuel the market growth tremendously. However, concerns regarding the safety and usability of bronopol will affect the market growth negatively. Also, increasing prices of raw materials, complex compliance structures, and an ongoing global economic slowdown across the globe will hamper the market growth in the long run.

Global Bronopol Market: Segmentation

The global bronopol market is segmented into its application and geography. On the basis of application, the market is segregated into cleaning agents, personal care and cosmetics, paints, coatings and adhesives, paper and pulp, oil and gas, water treatment and others. Based on geography, the market is divided into Europe, the Middle East and Africa, Latin America, Asia-Pacific, and North America.

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Global Bronopol Market: Form

Liquid
Crystalline
Pelleted/ Tableted

Global Bronopol Market: Application

Pharma and personal care industry
Water Treatment
Oil and Gas
Paper and Pulp
Paintings, Coatings, and Adhesives

Global Bronopol Market: Regional Analysis

Asia-Pacific is expected to grow at a significant pace across the globe. Developing infrastructures and growth in the paint industries will be the driving factors of the market growth in this region. China, India, Japan, Thailand, Vietnam, and Indonesia will be some of the major countries showing rapid developments in the bronopol market in Asia Pacific region. Considerable growth will be witnessed in Europe and North America. Innovations in products and fulfillment of the requirements of the consumers will provide a wider scope of growth for European and North American regions. Latin America and the Middle East and Africa will also be contributing a fair share to the market growth in the coming periods.