According to a new report, published by KBV research, The Global N-Bromosuccinimide Market size is expected to reach $26.2 million by 2031, rising at a market growth of 3.1% CAGR during the forecast period. In the year 2023, the market attained a volume of 365.32 Tonnes experiencing a growth of 12.0% (2020-2023).
The N-bromosuccinimide market refers to the global marketplace for N-bromosuccinimide (NBS), a chemical compound extensively used as a brominating agent in various industries and research sectors. This market encompasses the production, distribution, and consumption of NBS and related products, as well as associated services and technologies.
The Content 99% segment led the Global N-Bromosuccinimide Market by Content in 2023; thereby, achieving a market value of $14.5 Million by 2031. Certain chemical reactions necessitate high-purity reagents to ensure the desired outcomes. NBS with a purity level of 99% or more meets these stringent purity requirements, making it ideal for such applications. Industries and research laboratories often prioritize quality and consistency in their chemical supplies. NBS with higher purity levels typically undergoes rigorous quality control measures, ensuring reliability and consistency in results.
The Pharmaceutical Industry segment is growing at a CAGR of 2.6 % during the forecast period. Bromination is a common chemical reaction used in pharmaceutical synthesis to introduce bromine atoms into organic molecules. NBS is a preferred reagent for such brominating reactions due to its selective and mild brominating properties, which allow for precise control over the reaction conditions and product outcomes.
Full Report: https://www.kbvresearch.com/n-bromosuccinimide-market/
The Asia Pacific region dominated the Global N-Bromosuccinimide Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $12 Million by 2031. The North America region is anticipated to grow at a CAGR of 2.6% during (2024 - 2031). Additionally, The Europe region would witness a CAGR of 2.8% during (2024 - 2031).
By Content (Volume, Tonnes, USD Million, 2020-31)
By Application (Volume, Tonnes, USD Million, 2020-31)
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