The Latin America, Middle East and Africa N-Bromosuccinimide Market would witness market growth of 4.6% CAGR during the forecast period (2024-2031). In the year 2027, the LAMEA market's volume is expected to surge to 34.56 tonnes, showcasing a growth of 2.5% (2024-2031).
N-Bromosuccinimide (NBS) plays a crucial role in the pesticides industry due to its ability to selectively brominate organic compounds, making it a versatile reagent in pesticide synthesis. One of its primary applications is in the modification of pesticide molecules to enhance their effectiveness and specificity. By introducing bromine atoms into specific positions of pesticide compounds, NBS helps in fine-tuning their chemical properties, such as bioavailability and target specificity, leading to improved pest control. Thus, the pesticide industry in Brazil consumed 3.45 tonnes of this chemical in 2023.
The Brazil market dominated the LAMEA N-Bromosuccinimide Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $596 Thousands by 2031. The Argentina market is showcasing a CAGR of 5.2% during (2024 - 2031). Additionally, The UAE market would register a CAGR of 4.2% during (2024 - 2031).
Ongoing innovation in synthetic methodologies is driving the development of novel NBS derivatives, reagent systems, and reaction conditions with enhanced selectivity, efficiency, and versatility. Researchers are exploring advanced synthetic strategies, such as metal-catalyzed reactions, photochemical transformations, and organocatalysis, to expand the synthetic utility of this chemical and enable the synthesis of complex organic molecules. Innovation in synthetic methodologies aims to address current limitations, improve reaction outcomes, and unlock new opportunities for NBS-mediated transformations in organic synthesis and chemical manufacturing.
Innovations in this chemical encompass a wide range of developments aimed at enhancing its synthetic utility, selectivity, and sustainability. For example, researchers are developing selective bromination catalysts based on N-bromosuccinimide derivatives and metal complexes. These catalysts enable highly regio- and stereoselective bromination reactions, allowing for precise control over the position and stereochemistry of bromine substitution in organic molecules. Selective bromination catalysts expand the synthetic possibilities of NBS-mediated transformations and facilitate the synthesis of complex molecular architectures with high efficiency and selectivity.
With the growth of the chemical industry in UAE, there may be an increased demand for NBS, as it is commonly used as a brominating agent in various chemical processes such as pharmaceuticals, polymers, and agrochemicals. Also, the expansion of the chemical industry could lead to the growth of the market in the UAE. This growth may attract more players into the market, leading to increased competition and possibly innovation in terms of production processes and product offerings. As per the Industrial Development Bureau, the chemical industry in Abu Dhabi accounts for the greatest portion of the country's GDP, contributing 53% in 2021 and attracting over AED 21 billion in investments. With the growth of the agriculture sector in South Africa, there would likely be an increased demand for agrochemicals such as pesticides and herbicides. NBS is commonly used in the synthesis of these agrochemicals, particularly as a brominating agent. According to the United States Department of Agriculture, the South African agricultural sector had been thriving in recent years, growing by 13 percent year-on-year in 2020 and was expected to grow a further 8 percent in 2021. South Africa’s agricultural sector recorded a trade surplus of $4.0 billion in 2020, and an even higher trade surplus was expected in 2021. Therefore, the increasing chemical industry and rising agriculture sector is driving the growth of the market.
Free Valuable Insights: The Worldwide N-Bromosuccinimide Market is Projected to reach USD 26.2 Million by 2031, at a CAGR of 3.1%
Based on Content, the market is segmented into Content 99%, and Content 98%. Based on Application, the market is segmented into Pharmaceutical Industry, Pesticides Industry, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
By Content (Volume, Tonnes, USD Million, 2020-31)
By Application (Volume, Tonnes, USD Million, 2020-31)
By Country (Volume, Tonnes, USD Million, 2020-31)
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