MARKET OVERVIEW
Bromine is a dense, volatile, and flammable substance widely used chemical element in various industrial and commercial applications. Bromine is most commonly used as a flame retardant, an intermediate in producing other chemicals, and as a reagent in organic synthesis. The main end-users of bromine are agriculture and water treatment industries. Bromine is used as a flame retardant in a wide range of products, including electronic equipment, building materials, and plastics. In agriculture, bromine is used as a pesticide and herbicide. In the water treatment industry, bromine is used as a disinfectant and algicide. The use of bromine provides several advantages, including improved safety, increased efficiency, and improved product performance. Bromine helps enhance the safety of electronic equipment, building materials, and other products by reducing fire risk. In the water treatment industry, bromine helps to improve water quality and lowering the risk of disease by acting as a disinfectant and algicide. The future of the bromine market is anticipated to be positive, driven by the growing demand for flame retardants and other bromine-based products.
MARKET DYNAMICS
There is a rise in demand for brominated flame retardants because of their applications in consumer electronics such as computers, mobile phones, televisions, etc. This, in turn, has driven the growth of the bromine market. The use of bromine as a drilling liquid in the oil and gas industry and mercury emission mitigation also fuel the market's development. The application of bromine in the water treatment process and flow batteries is anticipated to bolster the growth of the bromine market in the years to come.
MARKET SCOPE
The "Global Bromine Market Analysis to 2028" is a specialized and in-depth study of the chemical and material industry with a special focus on global market trend analysis. The report aims to provide an overview of the bromine market with detailed market segmentation by derivative type, application, and geography. The global bromine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bromine players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global bromine market is segmented on the basis of derivative type, application, and geography. On the basis of derivative type, the market is segmented into organobromines, clear brine fluids, hydrogen bromide and others. The market on the basis of application is broken into flame retardants, water treatment, mercury emission control, oil & gas drilling, HBR flow batteries, fine chemicals, agricultural products, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bromine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the bromine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bromine market in these regions.
MARKET PLAYERS
The reports cover key developments in the bromine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from the bromine market are anticipated to lucrative growth opportunities in the future with the rising demand for bromine in the global market. Below mentioned is the list of few companies engaged in the bromine market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bromine market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
- Chemtura Corporation
- Dhruv Chem Industries
- Gulf Resources Inc.
- Hindustan Salts Ltd.
- Israel Chemical Ltd
- Jordan Bromine Company
- Morre-Tec Industries Inc.
- Tata Chemicals Ltd.
- Tetra Technologies Inc.
- Tosoh Corporation