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The increase in the use of foaming agents in various industries is expected to support the growth of the benzyl bromide industry. This is due to the use of benzyl bromide as a foaming agent in the manufacturing of numerous products. Foaming agents are finding increased adoption in the cosmetics and personal care industry and are already a staple in the formulation and production of pharmaceutical products. Hence, the growth of these industries is also expected to drive the demand for benzyl bromide globally.
In 2017, Vandana Chemicals, a global leader in the production of benzyl bromide, announced its plan to expand its existing plant in Ankleshwar, Gujarat. This would include increased capacity for the production of benzyl bromide as well as higher consumption as a raw material in the production of other chemicals. This is seen as an indicator of the rise in demand for benzyl bromide in the Asia Pacific region.
The steady growth of e-commerce giants such as Amazon.com (NAZDAQ: AMZN) and Alibaba Group (HKG: 9988) has led to a dramatic increase in the sales and distribution of cosmetics and products using dyes, synthetic resins, and others. This is expected to further drive the growth of the global market for benzyl bromide during the forecast period in the downstream sectors.
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The major players in the global benzyl bromide market are Luyuan Technology Development Co., Limited, Spectrum Chemical Manufacturing Corp., ShiJiaZhuang Dongcheng Chemical Co., Ltd, and Vandana Chemicals, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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