Dibromantin market has wide range of applications in industrial water cooling systems. It is expected to positively impact on the industry size owing to prevailing industrial water cooling systems across various industries including power generation, oil & gas, etc. Dibromantin market has various other applications including medical intermediate in pharmaceutical industry, as antimicrobial in swimming pools, sewage, food processing etc.
Availability of various product substitutes in industry which are capable of treating water including biocides, flocculants, corrosion inhibitors, scale inhibitors etc. are likely to hamper the dibromantin market size in the forecast period. There are plentiful bleaching agents available in the market which is probable to negatively impact industry’s market size by 2024. However, due to increasing applications of product across various end user industries, it is expected to attain ample opportunities for the business growth during the forecast period.
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The dibromantin market share is divided based on products purity including 98% purity quotient and more than 98% purity quotient. Dibromantin having 98% purity has captured maximum market share owing to widespread application across various end user industries. Dibromantin having purity of more than 98%, is primarily used in critical processes and is also priced higher compared to the former one in the market.
The dibromantin market is classified based on applications including disinfectant in water treatment, bleaching agent in pulp & paper, medical intermediates in pharmaceutical industry, industrial water cooling system and others. Water treatment contributes the most towards increasing market share and is forecast to continue the trend by 2024. Water treatment includes various process such as sterilization, disinfection for swimming pool and tap water, purification etc. Rapidly changing trends in industry for recycling water to cut down additional cost is anticipated to significantly contribute towards growing dibromantin market size over the projected timeframe.
Growing trends in pulp & paper industry is likely to heavily contribute towards increasing dibromantin market share of industry in the coming years. The product also has applications in pharmaceutical industry as medical intermediates. Pharmaceutical industry is protruding due to advancing R&D field across globe along with increasing health concerns. These aforementioned factors anticipated to positively influence dibromantin market size over the projected timeframe.
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In North America, dibromantin market has captured the maximum share due to extensive presence of major pharmaceutical companies in the U.S. There is intensifying awareness for water treatment in industries to help protect environment by water recycling and reuse. It is likely to contribute immensely towards growing dibromantin market size in North America. Asia Pacific is anticipated to have a higher CAGR in the coming years. This is due to increasing R&D activities in pharmaceutical sector in developing countries including India & China. Greater focus on water treatment projects to control water pollution in Asia Pacific region will eventually have positive influence on the industry’s business size in the coming years. Latin America and the Middle East & Africa shall witness promising gains from 2017 to 2024 on account of increasing government initiatives towards water reuse and recycle. Furthermore, increasing personal care product sales in Brazil, Mexico, South Africa and GCC countries will complement business growth.
The global dibromantin market size was highly competitive in 2016 due to presence of major large and medium scale product manufacturers in the industry ecosystem. Key companies involved in the business are X.T.Y Environ-Tech Co., Ltd., Alfa Aesar, Connect Chemicals GmbH, AK Scientific, Inc., Tianjin Xinze Fine Chemical Co., Hebei Yaguang Fine Chemical, Nanjing Shenning, DG Chemical Solutions., Yancheng City Huaou Industry Co., Ltd., Albemarle, Longkou Keda, Taicang Liyuan, etc.
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