Bromo Trifluoro Propene Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Application (Pharmaceuticals, Fire Extinguishers, and Flouro Silicone Polymers), By Region, and by Competition

  • Industry : Chemicals
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  • Published Date : NA
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Summary

Report Description

Global Bromo trifluoro propene market is anticipated to grow appreciably in the forecast period of 2028 due to the growing demand from pharmaceutical industry for API production, increasing demand from the end-user industry, and growing demand of fire protection systems.  

Apart from these, advances in manufacturing processes and technologies, and environmental regulations are the other major factor that propelling the Global Bromo trifluoro propene market growth. According to a new ValuePenguin survey in the United States, almost one out of four Americans has faced a fire incident and don’t have access to fire extinguishers where 20 percent have experienced a fire in their house, and 9 percent said that there was a fire in a neighboring house.

Bromo Trifluoro Propene, also known as 3-Bromo-1,1,1-trifluoropropene or BTCP, is a specialty chemical that is primarily used as an intermediate or building block in various industries. Bromo Trifluoro Propene is used as a key component in the synthesis of agrochemicals, such as insecticides and herbicides. It can be used as a starting material to produce compounds that have pesticidal properties.

The chemical is utilized in the pharmaceutical industry as an intermediate in the synthesis of active pharmaceutical ingredients (APIs). It can be employed in the production of drugs for various therapeutic applications. Bromo Trifluoro Propene finds application in the electronics industry for the manufacturing of specialty chemicals used in electronic components. It can be used in the production of materials like fluoropolymers and fluorinated surfactants, which are used in electrical insulation and as coatings. Additionally, BTCP is used as a building block in the synthesis of various specialty chemicals. These chemicals can have diverse applications, ranging from solvents and surfactants to lubricants and polymer additives. Hence, all the above-mentioned factors are expected to propel the global bromo trifluoro propene market growth in the forecast period.  

Growing Demand for BTFP in the pharmaceutical industry is Driving Global Bromo Trifluoro Propene Market

The growing demand for Bromo Trifluoro Propene (BTFP) in the pharmaceutical industry can be a significant driver for the global bromo trifluoro propene market. Bromo trifluoro propene serves as an intermediate in the synthesis of various active pharmaceutical ingredients (APIs). APIs are the key components in pharmaceutical formulations that have a therapeutic effect. As the pharmaceutical industry constantly develops and introduce new drugs, the demand for bromo trifluoro propene as an intermediate for API synthesis is likely to increase.

The pharmaceutical industry constantly strives to discover and develop new drugs to address unmet medical needs. During the drug development process, chemical intermediates like BTFP are often required for the synthesis of specific drug compounds. The increasing focus on drug discovery and development can drive the demand for the bromo trifluoro propene market.

Bromo trifluoro propene is also used in the production of specialty chemicals that are used in pharmaceutical formulations. In 2021, the investment in the pharmaceutical sector was estimated to be more than USD  41,500 million in R&D in Europe. These chemicals can include solvents, surfactants, and polymer additives, among others. The demand for such specialty chemicals in the pharmaceutical industry, driven by factors like formulation advancements and product differentiation, can contribute to the rise in global demand for bromo trifluoro propene.

The pharmaceutical industry is highly regulated, with strict quality and safety standards. BTFP may be preferred over other chemicals in certain pharmaceutical applications due to its specific properties, which can enhance the safety or efficacy of the final drug product. Regulatory compliance and safety considerations can drive the demand for bromo trifluoro propene as a preferred chemical choice in pharmaceutical manufacturing processes.

The global pharmaceutical market continues to expand, driven by factors such as population growth, increasing prevalence of diseases, and rising healthcare spending. In 2020, pharmaceutical R&D expenditure in Europe, the USA, Japan, and China  rose by almost 220%, 300%, 180%, and 400% compared to the investment. As the pharmaceutical industry grows, the demand for BTFP as an essential chemical in drug manufacturing is likely to increase, supporting the growth of the global bromo trifluoro propane market. Hence, above mentioned factor, it is expected that the demand for bromo trifluoro propene is expected to propel market growth.





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Increasing Demand for Bromo Trifluoro Propene from End User Industry is the Key Reason Thrusting the Market Demand

The increasing demand for Bromo Trifluoro Propene (BTFP) from various end-user industries is a key driver for the growth of the global BTFP market. Here are some factors explaining how the demand from end-user industries contributes to market growth:

Bromo trifluoro propene is used as a crucial intermediate in the synthesis of agrochemicals, including insecticides and herbicides. The agricultural sector's constant need to protect crops from pests and weeds drives the demand for agrochemicals. As a result, the demand for bromo trifluoro propene as a key component in agrochemical production is expected to grow in the forecasted period.

Bromo trifluoro propene finds application in the electronics industry to produce specialty chemicals used in electronic components. It can be used in the manufacturing of materials like fluoropolymers and fluorinated surfactants, which are essential for electrical insulation, coatings, and other electronic applications. The growing electronics sector, driven by advancements in technology and increasing consumer demand for electronic devices, contributes to the demand for the global bromo trifluoro propene market.

Bromo trifluoro propene serves as a building block in the production of various specialty chemicals used across different industries. These chemicals can have diverse applications, including solvents, surfactants, lubricants, and polymer additives. The demand for specialty chemicals, influenced by industrial growth and evolving consumer needs, contributes to the rise in demand for bromo trifluoro propene.

Advances in manufacturing processes and technologies can drive the demand for BTFP. Improved production methods and cost-effective manufacturing techniques can make BTFP more accessible to end-user industries, leading to increased adoption and market growth. Hence, all these factors are expected to drive the demand for global bromo trifluoro propene market growth.

Favorable Environmental Regulations in Driving the Demand for Global Bromo Trifluoro Propene Market Growth

Favorable environmental regulations can indeed drive the demand for Bromo Trifluoro Propene (BTFP) and contribute to the growth of the global BTFP market. Environmental regulations often target the phase-out or restriction of hazardous substances that pose risks to human health or the environment. If certain chemicals are being phased out due to their adverse effects, bromo trifluoro propene may be considered a safer alternative. As a result, the demand for bromo trifluoro propene can increase as industries seek to replace restricted or banned substances with more environmentally friendly alternatives.

Bromo trifluoro propene may have certain properties that make it a preferred choice in terms of environmental impact compared to other chemicals. For example, it may have a lower ozone depletion potential (ODP) or global warming potential (GWP) compared to alternative chemicals. If Bromo trifluoro propene demonstrates favorable environmental attributes, it can gain preference in industries striving to meet regulatory requirements and sustainability goals.

Green chemistry principles aim to develop and promote environmentally friendly chemical processes and products. If Bromo trifluoro propene will produce through greener manufacturing processes or used in eco-friendly applications, can align with these initiatives. This led to an increase in the demand for BTFP may increase as industries adopt green chemistry practices and seek sustainable solutions.

Environmental regulations often encourage waste minimization and promote recycling practices. The Bromo trifluoro propene can be effectively recycled or has a minimal impact on waste generation, this is led favorably by industries seeking to comply with such regulations. The demand for bromo trifluoro propene may grow as industries strive for more sustainable waste management practices.

Compliance with environmental regulations is crucial for companies to access certain markets or secure business partnerships. If Bromo trifluoro propene meets regulatory requirements and is considered a compliant chemical, it can gain a competitive advantage in the marketplace. This can drive demand as companies prioritize sourcing environmentally compliant materials.

Recent Developments

  • In March 2023, the European Union (EU) announced that it would be phasing out the use of Halon fire extinguishers by 2030. This is expected to boost the demand for BTFP as a replacement for Halon.
  • In April 2023, the U.S. Environmental Protection Agency (EPA) announced that it would be granting a waiver to allow the use of BTFP in fire extinguishers. This is expected to further boost the demand for BTFP in the U.S. market.

Market Segmentation

Global bromo trifluoro propene market is segmented based on application, and region. Based on application, the global bromo trifluoro propene market is categorized into pharmaceuticals, fire extinguishers, and flouro silicone polymers. Based on region, the global bromo trifluoro propene market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Company Profiles

Skyrun Industrial Co. Limited, Beyond Industries (China) Limited, Daming Changda Co, Ltd, Weihai New Era Chemical Co., Ltd., Central Glass Co.Limited, Zhejiang Huanxin Fluoro Material Co., Ltd., Capot Chemical Co. Ltd., JiaXing SiCheng Chemical Co. Ltd., Tokyo Chemical Industry (India) Pvt. Ltd., and Henan Aochuang Chemical Co.,Ltd. are some of the key players of global bromo trifluoro propene market.


Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Application

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, France, China, India, South Korea, Japan, Australia, Brazil, Argentina, Colombia, South Africa, Saudi Arabia, UAE

Key companies profiled

Skyrun Industrial Co. Limited, Beyond Industries (China) Limited, Daming Changda Co, Ltd, Weihai New Era Chemical Co., Ltd., Central Glass Co.Limited, Zhejiang Huanxin Fluoro Material Co., Ltd., Capot Chemical Co. Ltd., JiaXing SiCheng Chemical Co. Ltd., Tokyo Chemical Industry (India) Pvt. Ltd., and Henan Aochuang Chemical Co.,Ltd.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Report Scope:

In this report, the global Bromo Trifluoro Propene market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  •  Bromo Trifluoro Propene Market, By Application:
    • Pharmaceuticals
    • Fire Extinguishers
    • Flouro Silicone Polymers
    • Others

  • Bromo Trifluoro Propene Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Australia
    • South America
      • Brazil
      • Argentina
      • Colombia
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in the global  Bromo Trifluoro Propene market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global  Bromo Trifluoro Propene Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected].  

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.     Markets Covered

1.2.2.     Years Considered for Study

1.2.3.     Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Bromo Trifluoro Propene Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Application (Pharmaceuticals, Fire Extinguishers, and Flouro Silicone Polymers)

5.2.2.     By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.3.     By Company (2022)

5.3.  Market Map

5.3.1.     By Application

5.3.2.     By Region

6.    North America Bromo Trifluoro Propene Market Outlook

6.1.  Market Size & Forecast       

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Application

6.2.2.     By Country

6.3.  North America: Country Analysis

6.3.1.     United States Bromo Trifluoro Propene Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Application

6.3.2.     Mexico Bromo Trifluoro Propene Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Application

6.3.3.     Canada Bromo Trifluoro Propene Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Application

7.    Europe Bromo Trifluoro Propene Market Outlook

7.1.  Market Size & Forecast       

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Application

7.2.2.     By Country

7.3.  Europe: Country Analysis

7.3.1.     France Bromo Trifluoro Propene Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Application  

7.3.2.     Germany Bromo Trifluoro Propene Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Application

7.3.3.     United Kingdom Bromo Trifluoro Propene Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Application

7.3.4.     Spain Bromo Trifluoro Propene Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Application

7.3.5.     Italy Bromo Trifluoro Propene Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Application

8.    Asia-Pacific Bromo Trifluoro Propene Market Outlook

8.1.  Market Size & Forecast       

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Application  

8.2.2.     By Country

8.3.  Asia-Pacific: Country Analysis

8.3.1.     China Bromo Trifluoro Propene Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Type

8.3.1.2.2.            By Application

8.3.2.     India Bromo Trifluoro Propene Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Application

8.3.3.     South Korea Bromo Trifluoro Propene Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Application

8.3.4.     Japan Bromo Trifluoro Propene Market Outlook

8.3.4.1.        Market Size & Forecast

8.3.4.1.1.           By Value

8.3.4.2.        Market Share & Forecast

8.3.4.2.1.           By Application  

8.3.5.     Australia Bromo Trifluoro Propene Market Outlook

8.3.5.1.        Market Size & Forecast

8.3.5.1.1.           By Value

8.3.5.2.        Market Share & Forecast

8.3.5.2.1.           By Application

9.    South America Bromo Trifluoro Propene Market Outlook

9.1.  Market Size & Forecast       

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Application

9.2.2.     By Country

9.3.  South America: Country Analysis

9.3.1.     Brazil Bromo Trifluoro Propene Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Application  

9.3.2.     Argentina Bromo Trifluoro Propene Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Application  

9.3.3.     Colombia Bromo Trifluoro Propene Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Application

10. Middle East and Africa Bromo Trifluoro Propene Market Outlook

10.1.             Market Size & Forecast        

10.1.1.   By Value

10.2.             Market Share & Forecast

10.2.1.   By Application

10.2.2.   By Country

10.3.             MEA: Country Analysis

10.3.1.   South Africa Bromo Trifluoro Propene Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Application

10.3.2.   Saudi Arabia Bromo Trifluoro Propene Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Application

10.3.3.   UAE Bromo Trifluoro Propene Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Application

11. Market Dynamics

11.1.             Drivers

11.2.             Challenges

12. Market Trends & Developments

12.1.             Product Launches

12.2.             Mergers & Acquisitions

12.3.             Technological Advancements

13. Global Bromo Trifluoro Propene Market: SWOT Analysis

14. Pricing Analysis

15. Porter’s Five Forces Analysis

15.1.             Competition in the Industry

15.2.             Potential of New Entrants

15.3.             Power of Suppliers

15.4.             Power of Customers

15.5.             Threat of Substitute End Users

16. Competitive Landscape

16.1.             Business Overview

16.2.             Product Offerings

16.3.             Recent Developments

16.4.             Financials (In Case of Listed Companies)

16.5.             Key Personnel

16.5.1.       Skyrun Industrial Co. Limited

16.5.2.       Beyond Industries (China) Limited

16.5.3.       Daming Changda Co, Ltd

16.5.4.       Weihai New Era Chemical Co., Ltd.

16.5.5.       Central Glass Co., Limited

16.5.6.       Zhejiang Huanxin Fluoro Material Co., Ltd.

16.5.7.       Capot Chemical Co. Ltd.

16.5.8.       JiaXing SiCheng Chemical Co., Ltd.

16.5.9.       Tokyo Chemical Industry (India) Pvt. Ltd.

16.5.10.    Henan Aochuang Chemical Co.,Ltd.

17. Strategic Recommendations

18. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Increasing investments and technological advancements in the research & development segment of industrial and pharmaceutical sectors are driving the growth of the global bromo trifluoro propene market.

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Skyrun Industrial Co. Limited, Beyond Industries (China) Limited, Daming Changda Co, Ltd, Weihai New Era Chemical Co., Ltd., Central Glass Co.Limited, Zhejiang Huanxin Fluoro Material Co., Ltd., Capot Chemical Co. Ltd., JiaXing SiCheng Chemical Co. Ltd., Tokyo Chemical Industry (India) Pvt. Ltd., and Henan Aochuang Chemical Co. Ltd. are some of the key players of global Bromo Trifluoro Propene market.

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Asia-pacific region is expected to dominate the global bromo trifluoro propene market in the forecasted period of 2028 due to increasing demand for fire suppression systems in various industries. Bromo trifluoro propene is used as a fire extinguishing agent in applications such as aviation, marine, oil and gas, electronics and power generation. Asia Pacific region has a large and growing industrial sector that requires effective and environmentally friendly fire protection solutions. Moreover, the region also has favorable government policies and regulations that support the adoption of bromo trifluoro propene as a fire suppressant. Therefore, Asia Pacific region is expected to witness a high growth rate in the global bromo trifluoro propene market during the forecast period.

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Pharmaceuticals, fire extinguishers, and flouro silicone polymers are the various application of bromo trifluoro propene that uses in different industries.

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Sakshi Bajaal

Business Consultant
Press Release

Skyrun Industrial to Lose Market Share in Bromo Trifluoro Propene Market

Jan, 2018

Skyrun Industrial to Lose Market Share in Bromo Trifluoro Propene Market

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