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N-Propyl Bromide Market to Witness Increase in Revenues by 2026

08-08-2018 10:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Factmr

N-Propyl Bromide Market to Witness Increase in Revenues by 2026

N-Propyl Bromide Market: Overview

N-Propyl Bromide is a category of highly advanced non-chlorinated, non-flammable solvents majorly used as cleaning or degreasing solvent for removing contaminants such as grease, lubricants, and fluxes from metal machining parts. N-propyl bromide is known by alternative names such as normal propyl bromide, bromopropane, NPB amongst others. N propyl bromide is widely being used as an effective alternative to chlorinated solvents for metal cleaning applications and also as replacement for traditionally used ozone depleting solvents. Despite the major use of as cleaning and degreasing solvent, n-propyl bromide is also used as chemical intermediate across a number of end use industries such as agricultural and pharmaceutical.

Global N-Propyl Bromide Market Dynamics

Market Drivers

N propyl bromide is used as an alternative to conventionally used chlorinated cleaning solvents such as trichloroethylene, trichloroethane, perchloroethylene, and methylene chloride. The major advantage of using n propyl bromide is the reduced flammability. N propyl bromide is being used as vapor degreasing solvent, metal cleaning and dry cleaning solvent.

Another major factor driving the demand for n propyl bromide market is the easier availability and cheaper cost. Thus it is economic to use over a range of applications.

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Market Restraints

One of the major factor impeding the growth of n-propyl bromide market is the use of advanced hydrocarbon solvents such as de-aromatic solvents in metal cleaning applications and paints, coatings and inks applications and have relatively lower organic volatile content as compared to n-propyl bromide.

Another major factor restraining the growth of n-propyl bromide market is the use of water based paints and coatings and powder coatings which is likely to impact the global demand for n-propyl bromide market.

Various government organizations such as USEPA have also regulated the use of n-propyl bromide for aerosols and adhesives application and promoted the use of other solvents which are even less harmful to ozone layer.

Moreover, there has also been an increase in bio based solvents which may hamper the demand for n-propyl bromide in the long run.

Market Trends

The global n-propyl market is majorly an unorganized market governed by a sizeable number of regional players. Therefore as a differentiating strategy with the manufacturers have started providing customized product offerings for tailored specific applications.

Moreover, there has also been an increase in use of n-propyl bromide for aerospace parts cleaning applications. These solvents have shown improved performance in vapor degreasing applications and also prevents rusting and degradation.

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Global N-Propyl Bromide Market: Regional Outlook

The global N-Propyl Bromide market by consumption is anticipated to be dominated by Asia Pacific region. With the burgeoning paints and coatings industry in the region predominated by China and India, the demand for n-propyl bromide is projected to grow. Moreover, a significant share in demand is projected to come from metal cleaning applications owing to the growing demand for degreasing solvents in metal working applications. North America and Europe are also projected to hold significant share in the global demand for n-propyl bromide owing to the growing regulations for the harmful effects of chemicals on ozone layer causing depletion, thus there has been a projected rise in demand for n-propyl bromide market. Other regions such as Latin America, Japan and Middle East and Africa are projected to hold relatively smaller share in the global n-propyl bromide market and are expected to witness relatively sluggish growth over the forecast period.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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