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Bromobenzene Market Share

Report ID: GMI11711
Published Date: Oct 2024
Report Format: PDF

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Bromobenzene Market Share

Bromobenzene Company Market Share, (2023)

Aarti Industries is a leading Indian manufacturer specializing in specialty chemicals and pharmaceuticals, with a focus on developing innovative products and expanding production capacity, thus enhancing its position in the bromobenzene market. Albemarle Corporation, a global specialty chemicals company, plays a crucial role in this market through its bromine segment, focusing on expanding production capabilities to meet the growing demand across sectors like electronics and pharmaceuticals. BASF SE, one of the largest chemical producers globally, leverages its extensive experience and commitment to sustainability to foster growth in brominated compounds, catering to rising demands from various end-use industries.

China National Petroleum Corporation (CNPC), a major state-owned oil and gas corporation, significantly invests in the chemical sector, positioning itself as one of the largest bromine producers in Asia, meeting regional demand effectively. Hebei Chaozhong Chemical, a Chinese manufacturer, focuses on increasing production capacity and product quality, capitalizing on the rising demand for brominated compounds in agriculture and pharmaceuticals. Lastly, ICL Group, a global specialty minerals and chemicals company, maintains a strong presence in the bromine market, supported by its commitment to sustainability and innovation, enhancing its competitive position amid increasing demand for environmentally friendly and high-performance brominated products.

Bromobenzene Market Companies

Major players operating in the bromobenzene industry include:

Aarti Industries
Albemarle Corporation
BASF SE
China National Petroleum Corporation (CNPC)
Hebei Chaozhong Chemical
ICL Group
Kudra Kalyan Group
Lanxess
Mitsubishi Chemical Corporation
Nantong Haimen City Chemical
Shouguang Wuli Chemical
Toyo Chemical Industrial
TCI America

Authors: Kiran Pulidindi, Manish Verma

Frequently Asked Questions (FAQ) :

The global market size for bromobenzene was valued at USD 1.3 billion in 2023 and is estimated to grow at a 4.3% CAGR from 2024 to 2032, driven by rising demand in the pharmaceutical and agrochemical industries.

The chemical intermediate segment accounted for 32.3% of the market share in 2023 and is projected to grow through 2032, driven by its critical role in synthesizing active ingredients for pharmaceuticals and agrochemicals.

The Asia Pacific market recorded USD 477.6 million in 2023 and is expected to reach USD 705.7 million by 2032, fueled by rapid industrialization and urbanization in emerging economies.

Key players in the industry include Aarti Industries, Lanxess, Mitsubishi Chemical Corporation, Nantong Haimen City Chemical, Shouguang Wuli Chemical, Toyo Chemical Industrial, and TCI America.