The Global Bromobenzene Market: Key Trends and Analysis:
To expand their market position and satisfy the
growing demand for bromobenzene, players in the bromobenzene market are
focusing on various growth strategies such as capacity expansion. For example,
Cambridge Isotope Laboratories, Inc. (a U.S.-based maker of stable isotopes and
stable isotope-labeled substances) stated in September 2020 that its deuterated
benzene plant in Xenia, Ohio would be expanded. Two more reactors will be added
as part of the capacity expansion. Cambridge Isotope Laboratories will benefit
from the capacity expansion by being able to handle the growing demand for
bromobenzene solvents in the electronic and pharmaceutical industries.
During
the forecast period, the Bromobenzene
Market is
expected to increase due to rising demand for Bromobenzene-d5. Electronic
components and OLED displays are both made with bromobenzene-d5.
Bromobenzene-d5 is also used by pharmaceutical companies and CMOs (contract
manufacturing organisations) to make deuterated active medicinal components
(APIs).
Takeaways from the Market
Over
the forecast period, the worldwide Bromobenzene Market is expected to
grow at a CAGR of 5.4 percent (2021-2028). Bromobenzene is used as a motor oil
additive. During the projection period, the global growth of the automotive
industry is predicted to boost demand for motor oil, which would in turn drive
demand for Bromobenzene Market. According to the European Automobile Manufacturers
Association, passenger automobile registrations in the European Union (EU)
climbed by 10.4% in June 2021 over the same month the previous year.
Section of Competition
CM Fine Chemicals GmbH, Hawks Chemical Company, Hebei
Yingong New Material Technology Co., Ltd., Heranba Industries Ltd., Jiangsu
Dacheng Pharmaceutical and Chemical Co., Ltd., Luyunjia Chemistry Xiamen
Limited, Merck KGaA, Mody Chemi-Pharma Limited, RX MARINE INTERNATIONAL, and
Yancheng Longsheng Chemical Co., Ltd. are some of the major players in the
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