Bronopol Industry - Regional Synopsis
North American Market Forecast
North America industry is estimated to account for largest revenue share of 40% by 2037. America is the world's largest producer of natural gas and oil which encompasses both the refining of petroleum and the oil and gas production industries. Therefore, the demand for bronopol is anticipated to upsurge in the area. Moreover, bronopol is used in many different industrial processes such oil and gas industry to stop corrosion in hydraulic fracturing equipment that is caused by bacterial contamination. According to estimates, the oil and gas sector in the United States generated over USD 330 billion in revenue overall in 2022.
APAC Market Statistics
The APAC bronopol market is estimated to be the second largest, during the forecast timeframe led by rapid industrialization. This has led to increasing usage of bronopol in various end-use industries including such as pharmaceutical, cosmetic preservation, paper mills, industrial circulating water, algae-killing, paper pulp, paint, plastic, timber-cooling circulating water, and oil exploration as a commercial biocide and preservative. In 2023, India's industrial production climbed by over 10% compared to the previous year.
