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Israel Chemicals Limited (Israel), Albemarle Corporation (US), Chemtura Corporation (US), Tosoh Corporation (Japan), Tata Chemicals Ltd (India) are the Renowned Players in Bromine Market - Report by MarketsandMarkets™

11-20-2018 10:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: MarketsandMarkets.com

Bromine Market

Bromine Market

According to recent research "Bromine Market by Derivative (Organobromines, Clear Brine Fluids, Hydrogen Bromide), Application (Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTA Synthesis), and Region - Global Forecast to 2022", published by MarketsandMarkets™, The global bromine market was USD 2.47 Billion in 2016 and is projected to reach USD 3.96 Billion by 2022, at a CAGR of 8.4% between 2017 and 2022.

Browse 101 Market Data Tables and 49 Figures spread through 164 Pages and in-depth TOC on "Bromine Market - Global Forecast to 2022"
https://www.marketsandmarkets.com/Market-Reports/bromine-market-42782196.html

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Growing use of bromine in the mitigation of mercury emission and increasing demands for flame retardants due to stringent fire safety standards fuel the growth of the bromine market globally

Bromine is a reddish volatile liquid with an unpleasant odor. It is a non-metallic liquid belonging to the halogen family. Organobromines, clear brine fluids, and hydrogen bromide are some of the major derivatives segmented in the bromine market. By application, the bromine market is segmented into flame retardants, water treatment, HBr flow batteries, drilling for oil & gas, pharmaceuticals & cosmetics, agriculture, mercury emission control, PTA synthesis, etching, and others which include photography, chemical intermediates synthesis, adhesives & tapes, and elastomers. The market is witnessing growth due to the increasing use of bromine in the mitigation of mercury emission and increasing demand for flame retardants due to stringent fire safety standards. The extensive consumption of bromine in diverse applications is also an important factor driving the bromine market. The bromine market was USD 2.47 billion in 2016 and is projected to reach USD 3.96 billion by 2022, at a CAGR of 8.4% between 2017 and 2022.

The Asia Pacific region is projected to be the fastest-growing market, in terms of both, value and volume, during the forecast period. China is projected to be the fastest-growing bromine market in the Asia Pacific, accounting for a major share of the demand for bromine in the region. It is a high potential market owing to the extensive use of bromine in a variety of end-use industries, such as electronics & consumer goods, automotive, textiles, pharmaceuticals, oil & gas, and agrochemicals.

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Clear brine fluids are the fastest-growing segment of the bromine market, by derivatives. The demand for clear brine fluids is driven due to their extensive use in oil well drilling and hydraulic fracturing. Moreover, these are also used in refrigeration installations for transportation of thermal energy. Thus, due to the aforementioned reasons, clear brine fluid is projected to be the fastest-growing segment of the global bromine market, by derivative.

Oil & gas drilling is the fastest-growing application of bromine. Brominated compounds such as Calcium Bromide (CaBr2), Sodium Bromide (NaBr), and Zinc Bromide (ZnBr2) are used as clear brine fluids used in drilling wells for oil and natural gas. Thus, the increasing consumption of clear brines as completion and drilling fluids by the upstream oil & gas industry makes it the fastest-growing application of bromine.

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Bromine manufacturers, such as Israel Chemicals Limited (Israel), Albemarle Corporation (US), Chemtura Corporation (US), Tosoh Corporation (Japan), Tata Chemicals Ltd (India), Gulf Resources Inc. (China), TETRA Technologies, Inc. (US), Hindustan Salts Limited (India), Honeywell International Inc. (US) and Perekop bromine (Republic of Crimea) are covered in the report.

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
newsletter@marketsandmarkets.com

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