Global Bromine Market was valued US$ 3.5 Bn in 2017 and is anticipated to reach US$ 8.5 Bn by 2026 at a CAGR of 11.7 % during a forecast period.
Global bromine market is segmented by type, by application and by region. Based on derivative global bromine market is divided into hydrogen bromide, organo bromine compounds, bromine fluids, and others. Flame retardant, biocides, oil and gas, water treatment, medical, plasma etching, PTA synthesis, fumigant synthesis, and others are application segments of bromine market. Geographically report describes market for North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
Bromine possess flame resistant property and is being extensively use in domestic and industrial appliances. Bromine as a water disinfectant is gaining popularity and expected to increase the growth of the market in the forecast. 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.
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Stringent fire safety regulations, from the electronics and oil & gas industry industries, and the expanding ship-building industries is stimulating the bromine market. Oil & gas is driving the growth of organo bromine segment 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, other.
Organo bromine was the major segment of the global bromine market, by derivative in 2017,followed by clear brine fluids. Bromine fluid is used in oil and gas industry while drilling process as anti-corrosion agent.
Asia Pacific region is leading the bromine market due to manufacturing facilities being shifted by large players from mature markets such as Europe and North America to the Asia Pacific and Middle East & Africa. Abundant availability of labour and consumers is also attracting market players to establish their production facilities in the region.
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. are leading player in the global bromine market.
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Scope of the Global Bromine Market
Global Bromine Market by Derivative Type:
• Hydrogen Bromide
• Organo bromine compounds
• Bromine Fluids
Global Bromine Market Application Type:
• Flame Retardant
• Oil and Gas
• Water Treatment
• PTA synthesis
• Fumigant Synthesis
Global Bromine Market By Region:
• North America
• Asia Pacific
• Latin America
• Middle East & Africa
Key Players analysed in Global Bromine Market:
• Israel Chemicals Limited
• Albemarle Corporation
• Chemtura Corporation
• Tosoh Corporation
• Tata Chemicals Ltd
• Gulf Resources Inc.
• TETRA Technologies, Inc.
• Hindustan Salts Limited
• Honeywell International Inc.
• Perekop bromine
• Solaris ChemTech.
• Honeywell International Inc.
• Aquachina Chemicals
• Dhruv Chem Industries
• Morre-Tec Industries Inc.
MAJOR TOC OF THE REPORT
Chapter One: Bromine Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Bromine Market Competition, by Players
Chapter Four: Global Bromine Market Size by Regions
Chapter Five: North America Bromine Revenue by Countries
Chapter Six: Europe Bromine Revenue by Countries
Chapter Seven: Asia-Pacific Bromine Revenue by Countries
Chapter Eight: South America Bromine Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Bromine by Countries
Chapter Ten: Global Bromine Market Segment by Type
Chapter Eleven: Global Bromine Market Segment by Application
Chapter Twelve: Global Bromine Market Size Forecast (2019-2026)
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