The global demand for Bromine Biocide Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026. Whereas with regards to volume, the market was calculated XX KT in 2021 and foreseen to touch XX KT by 2027 with a CAGR of XX% during 2020-2026.
A biocide is a chemical used for destroying, rendering safe, or wielding a restraining impact on any harmful organism. Bromine Monochloride, better known as bromine biocide, is an interhalogen inorganic compound. This golden yellow color gas is very reactive in nature and actively used for bacteriological control in cooling tower systems. BrCl is also used as fungicide and algaecide. It is also an active ingredient in some Li-SO2 batteries to improve the voltage and energy density of the batteries. Majorly, this chemical is used in water treatment, paper processing, agriculture, oil recovery systems, and others.
The rising application of bromine biocide for microbiological control in cooling tower systems is expected to boost the growth of the market. The cooling towers systems are predominantly used in power plants, petrochemical plants, food processing plants, semiconductor plants, for heat removal from machinery or heated process material. The extensive application of BrCl in analytical chemistry is anticipated to grow global bromine biocide markets. However, the exposure of this compound poses serious local effects by all routes, this factor is likely to restrain the market growth.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of bromine biocide.
The entire bromine biocide market has been sub-categorized into application, derivative. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Flame Retardants
- Oil & Gas Drilling
- PTA Synthesis
- Water Treatment
- Mercury Emission Control
- HBr Flow Batteries
- Plasma Etching
- Others (Photography, Chemical Intermediates Synthesis, Adhesive Tapes, Rubbers, and Elastomers)
- Clear Brine Fluids
- Hydrogen Bromide
This section covers regional segmentation which accentuates on current and future demand for bromine biocide market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Bromine Biocide Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the bromine biocide market include Israel Chemicals Ltd., Albemarle Corporation, LANXESS Corporation, Tosoh Corporation, TETRA Technologies, Inc., Gulf Resources Inc., Tata Chemicals Limited, Hindustan Salts Limited, Honeywell International Inc., Perekop Bromine, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers& acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.