Global Benzyl Bromide Market Report and Forecast 2024-2032

Global Benzyl Bromide Market Outlook

The global benzyl bromide market is being aided by the growth of the overall chemical intermediate market, which is expected to grow in the forecast period of 2024-2032 at a CAGR of 6.8%.

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Global Benzyl Bromide Industry to be Driven by the Growth in the Chemicals Industry

Benzyl bromide is used in the synthesis of a wide variety of organic compounds, leading to applications in numerous industries. The steady increase in the use of chemicals in industries, as well as the growth of industries such as pharmaceuticals, pesticides, and paints in which benzyl bromide has end uses, is expected to lead to the healthy growth of the benzyl bromide industry during the forecast period (2024-2032).

North America is expected to maintain its lead in the total market share due to the strong presence of chemical industries in this region. However, the strongly growing demand for pharmaceuticals and pesticides in the growing economies of the Asia Pacific region is poised to become a significant factor in determining the growth of the market.

Benzyl Bromide: Market Segmentation

Benzyl bromide is an organic compound and has the formula C6H5CH2Br. It is a colourless liquid and is known to cause secretion of tears on exposure. It is a chemical reagent and used in the addition of benzyl groups (C6H5CH2-) to organic compounds. It is also used as a foaming agent in several industries. It is produced by the bromination (addition of bromine) of toluene (C6H5CH3).

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The major forms of benzyl bromide are:

• Powder
• Liquid

The market can be broadly categorised on the basis of grade into:

• Reagent Grade
• Technical Grade
• Others

Benzyl bromide has the following applications:

• Perfumes
• Dyes
• Pharmaceuticals
• Synthetic Resins
• Photographic Chemicals
• Plasticisers and Esters
• Others

The EMR report looks into the regional markets of benzyl bromide like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Growth in Synthetic Resins and Dyes Industries to Boost the Benzyl Bromide Industry

The increase in the uses of synthetic resins due to the increasing austerity of trade and tax regulations worldwide is driving the benzyl bromide industry due to its applications in the manufacturing of synthetic resins. Metal and other heavy materials are being replaced by synthetic resins due to their lightweight characteristics, as products below a certain weight threshold are exempt from regulatory taxes and duties. Thus, the demand for lighter products is leading to increased production capacity for benzyl bromide.

The recent surge in the pharmaceutical industry due to the COVID-19 pandemic is boosting the benzyl bromide industry due to the various applications of benzyl bromide in the formulation of drugs and other pharmaceutical products. This is expected to support the growth of the market during the forecast period (2024-2032).

Key Industry Players in the Global Benzyl Bromide Market

The report presents a detailed analysis of the following key players in the global benzyl bromide market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Luyuan Technology Development Co., Limited 
• Spectrum Chemical Manufacturing Corp. 
• ShiJiaZhuang Dongcheng Chemical Co., Ltd 
• Vandana Chemicals 
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report