May 27, 2021   SOURCE: BusinessWire

Insights on the Bromobenzene Global Market to 2026 - Featuring Alpha Aesar, Exxon Mobil and Merck Among Others - ResearchAndMarkets.com

The "Bromobenzene Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.

The market for bromobenzene is expected to grow at a CAGR of over 4% during the forecast period.

Companies Mentioned

  • Alpha Aesar
  • ChemSampCo Inc.
  • Exxon Mobil Corporation
  • Hawks Chemical Company
  • Heranba Industries Ltd
  • Merck KGaA
  • Shandong Henglian Chemical Co. Ltd
  • Shanghai Wescco Chemical Co. Ltd
  • SONTARA ORGANO INDUSTRIES
  • Tokyo Chemical Industry Co. Ltd
  • Weifang Yonhop Chemical Co. Ltd

Key Market Trends

Phenylmagnesium bromide to Dominate the Market

  • Phenylmagnesium bromide is one of the key product types of bromobenzene, which is a versatile Grignard reagent used to prepare benzoic acid, secondary amines, benzophenones, and other chemicals.
  • Phenylmagnesium bromide is also commercially available as diethyl ether or THF.
  • It is also used to introduce phenyl groups in coupling reactions, like Suzuki reactions. These reactions are used widely for synthesizing intermediates that are used in pharmaceuticals or fine chemicals.
  • Additionally, it is also used as a precursor in the manufacturing of phencyclidine, a dissociative drug.
  • Hence, phenylmagnesium bromide is likely to dominate the market during the forecast period.

Asia-Pacific to Witness the Highest Growth Rate

  • The Asia-Pacific bromobenzene market is likely to witness a strong growth rate during the forecast period owing to the increasing investment in the pharmaceutical industry of the region.
  • Apart from that, co-polymer and plastic industry have also been witnessing strong growth in the region which is also likely to have a positive impact on the growth of bromobenzene market in the region.
  • Some of the key factors that are driving the plastic industry in this region are the emerging e-retail & e-commerce and increasing demand from automotive and rapidly growing construction industry.
  • Hence, due to the aforementioned factors, the market for bromobenzene in Asia-Pacific is likely to witness the highest growth rate during the forecast period.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Growing Pharmaceutical Industry in Asia-Pacific

4.1.2 Growing Demand for Co-polymers and Bi-phenyls

4.2 Restraints

4.2.1 Low-cost Chlorine-substituted Compounds

4.3 Industry Value-Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Product

5.2 Application

5.3 Geography

6 COMPETITIVE LANDSCAPE

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

7.1 Expanding End-user Segments in Developing Countries

For more information about this report visit https://www.researchandmarkets.com/r/771rij