Bromobenzene as a Building Block Chemical is Fueling Growth in the Bromobenzene Market
Bromobenzene Market The global bromobenzene Market is estimated to be valued at US$ 67.44 Mn in 2023 and is expected to exhibit a CAGR of 5.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: Bromobenzene is an organobromine compound which is used as an important intermediate in organic synthesis. It is used in manufacturing other brominated compounds that are used as fire retardants, pesticides, cosmetics and pharmaceuticals due to its advantages such as non-combustibility and resistance to moisture. It helps produce an array of consumer products that enhances safety, health and hygiene. Market key trends: One of the key trends driving the growth of the bromobenzene market is its increasing use as a building block chemical in various end use industries like agrochemicals, petrochemicals, and polymers. It acts as an intermediate in manufacturing brominated flame retardants that are widely u