Quick Summary:
In the swiftly evolving realm of the 1,2-Dibromoethane industry, the need for meticulous and comprehensive research is indispensable to stay ahead of market trends and decision fatigue. Our meticulously crafted report equips you with an in-depth understanding of the global 1,2-Dibromoethane market, providing crucial insights that arm stakeholders with the knowledge to devise effective strategies.
This report provides a granular analysis of regional supply and demand patterns and major players' landscapes. Covering key regions- North America, South America, Asia & Pacific, Europe, and MEA, the report extends its detailed inquiry to analyze key countries like the United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil.
Moreover, our report encompasses detailed profiling of key global market players by providing information on their business overview, SWOT Analysis, production capacity, production volume, and revenue. It also provides an outlook on various applications like Pesticide and Organic Synthesis to further enhance its practical applicability. Companies are meticulously studied and function as strategic input to holistically comprehend the highly competitive 1,2-Dibromoethane market.
1,2-Dibromoethane, commonly known as ethylene dibromide (EDB), is a colorless liquid with a sweet odor. It is primarily used as an intermediate in the production of various chemicals, including pharmaceuticals, insecticides, and antifreeze. Due to its properties as a solvent and non-polar compound, 1,2-dibromoethane serves multiple applications across various industries. The global 1,2-dibromoethane market has experienced steady growth due to rising demand in agricultural chemicals and industrial processes.
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Market Size
As of 2023, the global 1,2-dibromoethane market was estimated to be worth approximately $500 million. The market is projected to grow at a CAGR of 4.5% from 2024 to 2029, reaching an estimated value of $635 million by the end of the forecast period. Several factors, including increasing agricultural activities and a rise in chemical production, are driving this growth.Share & Trends Analysis Report By Product Type
1,2-Dibromoethane is categorized primarily into two product types: industrial-grade and pharmaceutical-grade. Industrial-grade 1,2-dibromoethane holds a significant share of the market, accounting for approximately 70%, with its widespread use in the chemical industry as a solvent and reagent. Pharmaceutical-grade 1,2-dibromoethane, which is of higher purity, accounts for about 30% of the market share due to its applications in drug formulations and chemical synthesis.By Key Players
The key players operating in the 1,2-dibromoethane market include:- BASF SE
- Eastman Chemical Company
- American Vanguard Corporation
- Olin Corporation
- Mitsui & Co., Ltd.
- Shandong Haike Chemical Co., Ltd.
By Process
The production of 1,2-dibromoethane can be achieved through various processes, including:- Direct Bromination: This process directly involves the bromination of ethylene using bromine, which accounts for approximately 80% of the production.
- Alkylation Methods: These methods account for the remaining 20%, where ethylene is reacted with hydrogen bromide in the presence of catalysts.
By Application
1,2-Dibromoethane has diverse applications, segmented into various categories:- Agricultural Chemicals: The largest application segment, representing approximately 50% of the total market share. It is widely used as a fumigant and pesticide.
- Chemical Intermediates: Used in the synthesis of various chemicals, accounting for 25% of the market.
- Consumer Goods: Applications in the production of surfactants and other household products account for 15%.
- Others: This includes usage in manufacturing antifreeze and flame retardants, representing the remaining 10%.
By End-Use
The end-use sectors of 1,2-dibromoethane include:- Farming & Agriculture: Leading end-use sector, consuming about 55% of the total production.
- Pesticide Manufacturing: Accounts for approximately 30%, where it is used as an active ingredient.
- Pharmaceutical Industry: Holds a 10% share, involved in drug synthesis.
- Other Industrial Uses: Comprising 5%, including uses in polymers and chemicals.
By Region
The market for 1,2-dibromoethane is divided into several regions:- North America: Dominates the market with a share of 35%, driven primarily by agricultural and chemical industry growth in the United States.
- Europe: Holds a 30% share, with extensive usage in the agrochemical sector and strict regulations driving demand towards greener alternatives.
- Asia-Pacific: Currently the fastest-growing region, accounting for 25% of the market, where growth in agricultural practices and chemical industries is high in countries like India and China.
- Latin America: Represents 8% of the market, with increasing investments in agricultural chemistry.
- Middle East & Africa: Holds the smallest share at 2%, due to limited production capacities.
Market News on Policy and Companies
Recent regulatory changes affecting the production and use of halogenated solvents, including 1,2-dibromoethane, have led companies to invest in research for safer alternatives or production methods. For instance, in 2023, the Environmental Protection Agency (EPA) in the U.S. proposed stricter regulations on the use of EDB in agricultural applications, impacting its demand in the short term. Conversely, companies like BASF SE and Eastman Chemical Company are lobbying for more moderate policies that still allow for the use of EDB under controlled circumstances.Segment Forecasts, 2024-2029
Looking ahead, the 1,2-dibromoethane market is poised for significant developments. The agricultural segment is expected to see a steady rise as the global food demand increases and pest control measures are prioritized. Following trends, the market breakdown forecasts include:- By Product Type: Industrial-grade segment growth is anticipated to continue dominating the market but will see solid growth from the pharmaceutical-grade segment.
- By Region: Asia-Pacific is projected to grow at the highest CAGR due to increasing industrialization and agronomic practices.
- By Application: Agricultural chemicals will continue to dominate, while chemical intermediates will see demand rise from sectors focusing on sustainable practices.
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Table of Contents
Chapter 1 Executive SummaryChapter 2 Abbreviation and Acronyms
Chapter 3 Preface
Chapter 4 Market Landscape
Chapter 5 Market Trend Analysis
Chapter 6 Industry Chain Analysis
Chapter 7 Latest Market Dynamics
Chapter 8 Trading Analysis
Chapter 9 Historical and Forecast 1,2-Dibromoethane Market in North America (2019-2029)
Chapter 10 Historical and Forecast 1,2-Dibromoethane Market in South America (2019-2029)
Chapter 11 Historical and Forecast 1,2-Dibromoethane Market in Asia & Pacific (2019-2029)
Chapter 12 Historical and Forecast 1,2-Dibromoethane Market in Europe (2019-2029)
Chapter 13 Historical and Forecast 1,2-Dibromoethane Market in MEA (2019-2029)
Chapter 14 Summary For Global 1,2-Dibromoethane Market (2019-2024)
Chapter 15 Global 1,2-Dibromoethane Market Forecast (2024-2029)
Chapter 16 Analysis of Global Key Vendors
List of Tables and Figures
Companies Mentioned
- Neogen Chemical Limited
- Shouguang Fukang Pharmaceutical
- Yancheng Longshen Chemical Co. Ltd.
Methodology
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