Global Bromine Market is segmented by Derivative (Hydrogen Bromide, Organo bromine compounds, Bromine Fluids, and Others) , by application (Flame Retardant, Biocides, Oil and Gas, Water Treatment, Medical, Plasma Etching, PTA synthesis, Fumigant Synthesis, and Others) and by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America). Global Industry Analysis and forecast 2018-2026. Global Bromine Market was valued US$ xx Bn in 2018 and is anticipated to reach US$ xx Bn by 2026 at a CAGR of about xx % during a forecast period.
Bromine as a water disinfectant is gaining popularity and expected to increase the growth of the market in the forecast. Bromine is being extensively use in domestic and industrial appliances. Bromine as raw material or reactant in a synthesis of derivative chemical will help to augment bromine market. Further, in pest control bromine has significant growth opportunity for stored products, mills, warehouses, and ships. Stringent governmental measures regarding the application of brominated flame-retardants in textile and electronic equipment have restrain the market growth.
Flame retardant application segment holds major share of bromine market.
Stringent fire safety regulations, from the electronics and Oil & Gas Industry, and the expanding ship-building industries is stimulating the bromine market. Oil & gas is driving the growth of bromine fluids market. Oil and gas drilling segment is expected to grow at highest CAGR during the forecast period. Effective and substantial usage as a flame retardant and biocide in major industries, such as electronics, agriculture, Oil & Gas Industry.
Organo bromine compounds is leading derivative segment of bromine market.
Organobromine compounds is extensively used for industrial application. Polybrominated diphenyl ethers is use as a fire-retardants. Stringent regulation enacted by government on safety and fire norms is key driver of this segment.
Asia Pacific region is leading the bromine market
Abundant availability of labour and consumers is also attracting market players to establish their production facilities in the region.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Tosoh Corporation, Albemarle Corporation, Morre-Tec Industries Inc., Jordan Bromine Company, Hindustan Salts Limited, Gulf Resources Inc., Tata Chemicals Limited, Shandong Haiwang Chemical Co., Ltd., Shandong Dadi Salt Chemical Group Co., Ltd and Shandong Ocean Chemical Co., Ltd.Sanofi SA, Honeywell International Inc., Aquachina Chemicals, Chemtura Corporation, Israel Chemicals Limited, Solaris Chemtech, Dhruv Chem Industries, Tetra Technologies Inc.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global bromine market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global bromine market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global bromine market positioning of competitors.
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