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Methyl Bromide Market Size, Share Global Analysis Report, 2020–2026
Methyl Bromide Market By Type (100% Purity and 98% Purity) and By Application (Fumigant, Pesticide, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[175+ Pages Report] According to the report published by Facts Factors, the global methyl bromide market size was worth around USD 126 million in 2019 and is predicted to grow to around USD 285 million by 2026 with a compound annual growth rate (CAGR) of roughly 6% between 2020 and 2026. The report analyzes the global methyl bromide market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the methyl bromide market.
This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Methyl Bromide industry. The report analyzes and declares the historical and current trends analysis of the Methyl Bromide industry and subsequently recommends the projected trends anticipated to be observed in the Methyl Bromide market during the upcoming years.
The methyl bromide market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire methyl Bromide market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- As per our primary respondents, the Methyl Bromide market is expected to grow annually at a rate of around 6%.
- Through the analysis, it was established that the Methyl Bromide market was valued at around USD 126 million in 2019.
- The “98% Purity” category, on the basis of type segmentation, was the leading revenue-generating category in 2019.
- The “Fumigant” category, on the basis of application segmentation, was the leading revenue-generator category in the year 2019.
- Methyl Bromide is majorly used for controlling pests in an affected area or as a pesticide to keep the insects away from the crops.
Key Recommendations from Analysts
- As per our analysts, Methyl Bromide primarily used as a fumigant for pest management has a good penetrating ability, takes fast action, and is considered to be highly toxic for bugs and other insects.
- Methyl Bromide is a harmful chemical and must be used under the guidance of an expert for preventing any kind of environmental hazard.
- There is a need for innovating the use of Methyl Bromide by making it less harmful to the environment and other living things due to its properties of rapid action and penetrating capabilities.
- For reducing the emission of methyl bromide, a two-layer system shall be used for collecting methyl bromide particles from the fumigated area.
- Technological innovations are required in the production of methyl bromide products that are less harmful to the environment and other living things.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Methyl bromide industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Methyl Bromide industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Methyl Bromide market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Methyl Bromide industry. The Methyl Bromide market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Methyl Bromide sector. Key strategic developments in the Methyl Bromide market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Methyl Bromide market are appropriately highlighted in the report.
Methyl Bromide also called Bromomethance is an odorless, colorless gas that is used mainly for pest control. It is an organobromine compound with the molecular formula CH3Br. It is generally considered very harmful and toxic to the environment and other living things. They are mainly used against the attacks of insects, moths, rodents, and nematodes. It is also used to provide protection for fruits, grains, and other products from pests during storage or transportation.
It is mainly used as a Fumigant for the control of pests in the affected areas. It is also used as a pesticide to keep insects away from crops but it is recommended to use it under supervision. Countries of the Asia Pacific region have significantly contributed to the rising demand for methyl bromide as there is suffice increase in the agricultural sector due to various factors such as the growing population and its demands, growing economies, and urbanization.
The Methyl Bromide market research report delivers an acute valuation and taxonomy of the Methyl Bromide industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 126 Million |
Projected Market Size in 2026 |
USD 285 Million |
CAGR Growth Rate |
6% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Intech, Albemarle, ICL, Dalian Special Gases, CHEMCHINA, Great Lakes, Sunrise, TriveniInterchem, Chemtura, Trical, and Others. |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the Methyl Bromide industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Methyl Bromide industry is provided for the leading economies of the world.
The Methyl Bromide market is segmented based on Type and Application. On the basis of type segmentation, the market is classified into 100% purity and 98% purity. In terms of Application segmentation, the market is bifurcated into Fumigants, Pesticides, and Others.
Some of the essential players operating in the Methyl Bromide market, but not restricted to include
- Intech
- Albemarle
- ICL
- Dalian Special Gases
- CHEMCHINA
- Great Lakes
- Sunrise
- TriveniInterchem
- Chemtura
- Trical
The taxonomy of the Methyl Bromide Market by its scope and segmentation is as follows:
By Type Segmentation Analysis
- 100% Purity
- 98% Purity
By Application Segmentation Analysis
- Fumigant
- Pesticide
- Others
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Intech
- Albemarle
- ICL
- Dalian Special Gases
- CHEMCHINA
- Great Lakes
- Sunrise
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