The North America N-Bromosuccinimide Market would witness market growth of 2.6% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 65.85 tonnes, showcasing a growth of 11.5% (2020-2023).
Content 99 N-Bromosuccinimide (NBS) is a versatile chemical compound widely used in organic synthesis and as a brominating agent in various reactions. With a purity of 99%, N-Bromosuccinimide ensures high-quality results and reliability in its applications. Its molecular formula, C4H4BrNO2, reflects its composition containing bromine, carbon, hydrogen, nitrogen, and oxygen atoms. NBS is known for its selective bromination capabilities, often used to introduce bromine atoms into aromatic compounds, alkenes, and other organic molecules under mild conditions. Thus, the US market consumed 36.25 tonnes of Content 99 N-Bromosuccinimide (NBS) in 2023.
The US market dominated the North America N-Bromosuccinimide Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4,896.3 Thousands by 2031. The Canada market is experiencing a CAGR of 2.9% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 3.6% during (2024 - 2031).
The applications of this chemical span across diverse sectors, reflecting its adaptability and effectiveness in various chemical processes. For example, this chemical is widely used as a brominating agent in organic synthesis. It facilitates the introduction of bromine atoms into organic molecules, typically at allylic or benzylic positions, through a radical bromination mechanism. Bromination reactions mediated by NBS are crucial for the synthesis of a variety of organic compounds, including pharmaceuticals, agrochemicals, and specialty chemicals.
Similarly, in pharmaceutical synthesis, this chemical plays a vital role in the functionalization of drug molecules by introducing bromine atoms at specific sites. It is utilized in the synthesis of pharmaceutical intermediates and active pharmaceutical ingredients (APIs). Brominated compounds derived from NBS are found in a wide range of drugs, including antibiotics, antiviral agents, and anti-inflammatory drugs. NBS-mediated reactions enable chemists to modify the physicochemical properties and biological activities of drug candidates, contributing to the development of new therapeutic agents.
Mexico's pharmaceutical industry is a significant consumer of NBS, which is commonly used as a brominating agent in the synthesis of various pharmaceutical compounds. As per the International Trade Administration (ITA), Mexico is the 15th-largest market for pharmaceuticals in the world. In 2022, the states with the highest imports of pharmaceutical products were Mexico City (USD 640 million), State of Mexico (USD 195 million), Jalisco (USD 169 million), Morelos (USD 90 million), and Tamaulipas (USD 53 million). Also, NBS is commonly used as a brominating agent in the synthesis of pesticides. With a high demand for pesticides in Canada, there would likely be an increased usage of NBS in the production of these agrochemicals. According to the Government of Canada, about 85% of pesticides used in Canada are foreign-made and imported into the country, resulting in approximately 2,500 commercial pesticide import transactions per month. Hence, rising demand for the pesticides and increasing pharmaceutical industry in the region is driving the growth of the market.
Free Valuable Insights: The N-Bromosuccinimide Market is Predict 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 U.S., Mexico, Canada, and Rest of North America.
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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