The 2-Bromopropionic Acid market is expected to grow at a considerable rate by 2030, with a growing CAGR (compound annual growth rate) of from 2022 to 2030.
2-Bromopropionic Acid– Overview
The chemical formula for bromopropionic acid is CH3CHBrCOOH. It is an ether-, water-, and ethanol-soluble colourless liquid. At -24 °C, it freezes.
A halogenated derivative of propionic acid is 2-bromopropionic acid. Its salts are referred to as bromopropionates and have a molecular weight of 308. Because they can lessen the flammability of organic compounds, brominated derivatives have found widespread use as flame retardants in a variety of industrial applications, including textiles, plastics, coatings paints, and cleaning products.
The Global 2-Bromopropionic Acid Market is developing at a quicker pace with significant development rates throughout the most recent couple of years and is assessed that the market will fill essentially in the gauge period for example 2022 to 2030.
The rising demand for medications and pesticides is to blame for the market’s expansion. Pharmaceuticals and pesticides are made using bromopropionic acid as an intermediary.
Additionally, it is utilised as a corrosion inhibitor, plasticizer, and flavouring agent. Due to the presence of major players there. Increasing demand from end-use sectors such as textiles, paints and coatings, adhesives and sealants, and plastics
Consumers are becoming more aware of the advantages of bromopropionic acid. Leading companies are increasing their research and development spending to create new uses for boropropionic acid.
Key players’ expansion of distribution networks to reach a larger customer base. New uses for bromopropionic acid are appearing in a variety of end-use industries.
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Segmentation Analysis of Global 2-Bromopropionic Acid market:
Based On Application
- Pesticide
- Pharmaceutical
- Others
By End Use Type
- Construction
- Pharmacy
During the forecast period it is estimated for the pharmacy category to drive the growth for the market.
Asia-Pacific is expected to hold the largest market share
North America, Europe, Latin America, Asia Pacific, and Middle East and Africa are the major regions constituting the geographical landscape of Global 2-Bromopropionic Acid market. Asia-Pacific dominates the market with the largest market share among others.
Competitive Landscape:
The Key players in the Global 2-Bromopropionic Acid Market are BASF, DowDuPont, Eastman, Perstorp, Macco Organiques, ADDCON, A.M Food Chemical, BIOMIN Holding, Daicel, Hawkins, KEMIN Industries, Krishna Chemicals, Niacet, OXEA, Penta Manufacturing, and others.
Major Development:
The Global 2-Bromopropionic Acid market is expected to increase at a significant rate during the figure time period, somewhere in the range of 2022 to 2030. In 2020, the market was developing at a consistent rate and with the increasing reception of systems by key players, the market is supposed to ascend over the projected skyline.
Major Questions Answered In This Report:
- What is the growth rate of this Market?
- What are the primary growth determinants of the Global 2-Bromopropionic Acid market?
- Which are the major regions constituting the geographical landscape of Global 2-Bromopropionic Acid Market?
- Which are the prominent companies operating in Global 2-Bromopropionic Acid Market?
Key Takeaways From The Report:
- The Global pentoxyverine market registers a growing CAGR from 2022 to 2030.
- The rising demand for medications and pesticides is to blame for the market’s expansion. Pharmaceuticals and pesticides are made using bromopropionic acid as an intermediary.
- Asia-Pacific hold the largest market share, and is expected to grow further in the upcoming years.
- Some popular companies are BASF, DowDuPont, Eastman, Perstorp, Macco Organiques, ADDCON, A.M Food Chemical, BIOMIN Holding, Daicel, Hawkins, KEMIN Industries, Krishna Chemicals, Niacet, OXEA, Penta Manufacturing, and others.
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