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Research analysis on the global bronopol market identifies that the rising demand for wastewater treatment for the usage of Industry and household be one of the major factors that will have a positive impact on the growth of the market. The usage of bronopol to avoid disturbance during operation of work and to minimize the damage caused by the growth of unwanted microbes and nutrients in the water, such demand will propel the market growth in the forecast period. Additionally, the demand for wastewater management is propelling from the developing countries where bronopol is used in the aforementioned activities, such factors will fuel the market demand. Technavio’s market research analysts predict that this market will grow at a CAGR of almost 5% by 2021.
The increasing demand for paint in construction industry which is used as an additive top prevent damange will be one of the latest trends that will gain traction in the bronopol market during the next four years. The usage of bronopol act as a microbial agent which will prevent from damage during storage, this has subsequently increased the demand from the developed and developing countries globally. Additionally, the growth in construction industry will fuel the market for bronopol in the forecast period.
Owing to the presence of several global and domestic vendors, this market appears to be highly fragmented and is competitive. The players in the market have manufacturing units across the globe and are forming strategic alliances to enhance their geographical reach.
The other prominent vendors in the market are Gayathri Chemicals and Agencies, Sai Supreme Chemicals, Mani Agro Chem, Ramdev Chemicals, Weifang Haihua Yuanda Fine Chemicals, BQ TECHNOLOGY (HK) COMPANY, and Wuhan Fortuna Chemical.
During 2016, the water treatment segment accounted for the major shares in this market. The heavy usage in heavy industries and in oilfield applications has led to the increasing demand for bronopol. Additionally, the shortage of drinking water resources and stringent regulations on waste discharge from industries will also drive demand for bronopol in this segment.
This market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the market by 2021. The region is driving demand from oil and gas industry which will increase demand for gas which will prole the market growth. The increasing health awareness, which has led to the growth in the hygiene and medical sectors in the region.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
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