Global Bromine Derivatives Market, By Derivative (Organobromines, Bromide Salts, Hydrogen Bromide), Application (Biocides, Flame Retardants, Bromine-Based Battery, Clear Brine Fluids, Other Applications), End-Use (Automotive, Oil & Gas), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights: Global Bromine Market
The bromine market will grow at a rate of 5.05% for the forecast period of 2021 to 2028. Rising use of bromine derivatives by rubber and plastic industries for the manufacture of flame-retardant products is a vital factor driving the growth of bromine market.
Bromine is a type of chemical element with symbol Br and atomic number 35, which has a choking, and irritating smell. Bromine is a brownish-red liquid at room temperature and it is the only non-metallic element which exists in a liquid state, and when it evaporates a red vapor that has an unpleasant odor like that of chlorine is identified. It is also soluble in organic solvents and in water.
Increasing demand for bromine from end use industries such as automobiles and electronics is the vital factor escalating the market growth, also increasing demand for bromine in water treatment industry, rising usage of bromine and its derivatives in coal field for minimizing mercury elements, increased demand from the agriculture sector for bromine derivatives to be used in biocide production, rising construction industry and urbanization all over the globe, increasing application of bromine derivative from the oil and gas industry in the drilling of fluid for extracting petroleum product and rising demand for plastic and rubber products are the major factors among others driving the bromine market. Moreover, rise in the use of hydrogen bromide in flow batteries, continuous recycling of bromine and rise in the research and development activities in the market will further create new opportunities for the bromine market in the forecast period of 2021- 2028.
However, rise in the emergence of non-halogenated flame retardants and toxicological effects of brominated compounds are the major factors among others acting as restraints, while significant fluctuations in oil & gas prices and decrease in oil & gas production due to the Covid-19 pandemic will further challenge the growth of bromine market in the forecast period mentioned above.
This bromine market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the bromine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bromine Market Scope and Market Size
The bromine market is segmented on the basis of derivative, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on derivative, the bromine market is segmented into organo bromines, bromide salts and hydrogen bromide.
- Based on application, the bromine market is segmented into biocides, flame retardants, bromine-based battery, clear brine fluids and other applications.
The bromine market is also segmented on the basis of end-user into automotive and oil & gas.
Bromine Market Country Level Analysis
The bromine market is analysed and market size, volume information is provided by country, derivative, application and end-user as referenced above.
The countries covered in the bromine market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the bromine market due to rising demand for bromine derivatives in automotive industry, rising demand for bromine derivatives in water treatment industry and rising usage of bromine and its derivatives in coal field for minimizing mercury elements in this region. North America and Europe is the second largest region in terms of growth in bromine market due to increasing use of bromine derivatives by rubber and plastic industries for the manufacture of flame-retardant products in this region.
The country section of the bromine market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bromine Market Share Analysis
The bromine market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bromine market.
The major players covered in the bromine market report are Albemarle Corporation, Tata Chemicals Ltd., LANXESS, Honeywell International Inc, Tosoh Corporation, ICL, TETRA Technologies, Inc, JBC, Hindustan Salts Ltd, MORRE-TEC Industries, BEACON ORGANOSYS, Perekop bromine, Gulf Resources, Inc., JK Chemicals(JKC), Mody Chemi-Pharma Limited, Pacific Biochem Private Limited., A. B. Enterprises, SSS Enterprises, Neutron Drugs & Pharmaceuticals Private Limited., Hexagon Ingredients and Aaa Salt & Chemicals Pvt. Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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