As per this study the Global Bromine Derivatives Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2028 with a CAGR of XX%. By volume, the market was estimated XX KT in 2021 and is expected to reach XX KT by 2028 with a CAGR of XX%.
Bromine is a naturally occurring chemical element. It's a red fuming toxic liquid with an irritating and choking smell. It's found in seawater and brine, especially the Dead Sea is the richest resource of bromine. Bromine derivatives are utilized in chemical synthesis, oil & gas well drilling and completion fluids, mercury control, flame retardants, water purification, beef, and poultry processing and in several other applications. Additionally, they preserve drilling equipment, circulate and transport solids by providing lubrication, as in turn increase efficiency and productivity of oil and gas wells.
Market Dynamics
The rising demand for flame retardants owing to increasing disposable income is driving the market growth. Additionally, the increasing utilization of bromine for controlling mercury emissions is further fuelling market growth. On the other hand, the ban on the usage of brominated flame retardant by government owing to environmental concern may hinder market growth. Whereas, increasing demand for bromine derivatives in water treatment and mercury emission control is anticipated to augment demand during the forecast timeframe.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter's five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of bromine derivatives.
Market Segmentation
The broad bromine derivatives market has been sub-grouped into product, and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product
- Brominated Polystyrene
- Tetrabromobisphenol A
- Calcium Bromide
- Sodium Bromide
- Zinc Bromide
- Hydrobromic Acid
- Decabromodiphenyl Ethane (DBDPE)
- Others
By Application
- Flame Retardants
- Organic Intermediates
- Oil & gas
- Biocides
- PTA Synthesis
- Others
Regional Analysis
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for bromine derivatives in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Bromine Derivatives Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the bromine derivatives market include Albemarle Corporation, Hindustan Salts Ltd., Honeywell International Inc., Israel Chemicals Limited, Jordan Bromine Company Ltd., Lanxess Corporation, Morre-Tec Industries, Inc., Tata Chemicals Ltd., Tetra Technologies Inc., Tosoh Corporation and Others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
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