Global Methyl Bromide Market Revenue Surge to USD 285 Million by 2026

Facts and Factors report "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 Forecasts, 2020-2026" states that the global Methyl Bromide Market in 2019 was approximately USD 126 Million. The market is expected to grow at a CAGR of around 6% and is anticipated to reach around USD 285 Million by 2026.

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Methyl Bromide, which is also known as Bromomethane, is an organobromine compound and has molecular formula CH3Br. It is a colorless, odorless and non-flammable gas that is produced both biologically and industrially. Methyl Bromide is considered to be highly toxic for the environment and human beings.

Methyl Bromide can be used effectively as a pesticide by saving various crops from the attacks of various insects like insects, fungi, bacteria, rodents, and nematodes. It is also effective as a soil fumigant and can be used in the production of tomatoes and strawberry. Fresh fruits and vegetables, grains, forestry products, and other materials are fumigated to keep them protected from pest infections during storage and transportation. But the main reason that is hindering the growth of the methyl bromide market is the toxic nature that is harmful to human beings and the environment. Methyl Bromide depletes the ozone layer and it is considered as Class I ozone-depleting substance. It allows the harmful ultraviolet rays coming from the Sun to enter the earth's atmosphere and reach on the surface. For reducing the emission of Methyl Bromide, various techniques such as the collection and treatment of methyl Bromide emissions by using a two-layer trap system are applied and are proving to be effective in collecting the emissions from the farmlands. These techniques implemented on a large scale would foster the demand for Methyl Bromide.

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As per the type analysis, 98% purity based Methyl Bromide with 2% Chloropicrin is used on a large scale. 2% Chloropicrin is often added to serve as a sensory warning agent. They are majorly used in pesticides as 100% purity based Methyl Bromide is used only in commodity fumigation. And such high concentration can be harmful to the crops on which these pesticides are used. Hence, it must be used under supervision or must be operated by an expert. As per the application analysis, Fumigantis expected to drive the market it is used to control pests and other insects in the agricultural sector.

As per the analysis done on the region, the Asia Pacific region is expected to dominate the Methyl Bromide Market. Major countries in this region have the agriculture sector as their backbone. As the countries in this region are in their growth phase with rapid industrialization and urbanization, it is necessary to fulfill the demands of the growing population. Governments of these countries are encouraging farmers for growing more crops through various public initiatives that are beneficial for the farmers which will help in boosting food production. People engaged in farming are using Methyl Bromide to keep their crops safe from the attacks of insects and its use on a larger scale is triggering the demand in this region.

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The major key players in the Methyl Bromide Market are as follows :

Intech
Albemarle
ICL
Dalian Special Gases
CHEMCHINA
Great Lakes
Sunrise
Triveni Interchem
Chemtura
Trical
Others

This report segments the Global Methyl Bromide Market as follows:

Global Methyl Bromide Market Market: By Type Segmentation Analysis

100% Purity
98% Purity

Global Methyl Bromide Market Market: By Application Segmentation Analysis

Fumigant
Pesticide
Others

Global Methyl Bromide Market Market: 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

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