The global Solution Sodium Bromide Market is expected to register a rapid revenue CAGR over the forecast period. The Solution Sodium Bromide Market revenue growth is primarily driven by use of the product in hospitals and drug stores as an effective sedative for all kinds of surgery and treatment as well as use of this drug in treating seizures.
The chemical formula for sodium bromide is NaBr. It is not organic. It is a highly volatile, white crystalline substance that resembles sodium chloride. This salt is commonly employed in the use of the bromide radical. This salt has numerous applications in the chemistry and pharmaceutical industries. Its solubility prevents it from existing spontaneously in bedrock or found naturally. Some chemical substances such as halides, chlorides, and iodides are also taken from ocean water. The anticonvulsant characteristics of bromide salts are found in other salts derived from ocean water, and it is the most prevalent salt of hydrobromic acid.
Top Companies Operating in the Global Solution Sodium Bromide Market:
· TETRA Chemicals, Inc. (U.S.)
· Mody Chemi-Pharma Ltd. (India)
· American Elements, Inc. (U.S.)
· ADNOC Group (U.A.E.)
· Fisher Chemical International, Inc. (U.S.)
· HASA, Inc. (U.S.)
· Redox Pvt Ltd. (Australia)
· Alaska SPA Inc. (U.S.)
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
Rising need for anticonvulsant is a key factor expected to drive revenue growth of the market. Demand rise for the product in the pharmaceutical industry is attributed to the increasing cases of seizures and a significant emphasis being laid on healthcare and increase in the treatment for mental health disorders such as severe anxiety and sleeping disorders in which sedatives are used to treat the patient. Furthermore, the product is preferred owing to the quick effect seen on administering the dose leading to instant relief. The increased use of sodium bromide as a safe sedative is a contributing factor to revenue growth of the market during the forecast period.
Table of Contents:
1. Report Overview
1.1 Research Scope
1.2 Key Solution Sodium Bromide Market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline
2. Global Growth Trends
2.1 Global Solution Sodium Bromide Market size
2.2 Latest regional market trends
2.3 Emerging growth trends
3. Competitive Outlook
3.1 Global Solution Sodium Bromide Market key players
3.2 Global Sodium Bromide size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Solution Sodium Bromide Market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
· North America (U.S.A., Canada, Mexico)
· Europe (Italy, U.K., Germany, France, Rest of Europe)
· Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
· Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Solution Sodium Bromide Market Segmentation
Type Outlook (Revenue, USD Billion; 2019-2030)
- Solid
- Solution
Application/End-use Outlook (Revenue, USD Billion; 2019-2030)
- Medicine
- Chemical Production
- Others
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