Press release
Bromine Market Key Product, Revenue Analysis by Regions, Application to 2025
The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Bromine (Br2) is a reddish brown liquid that gives off dark red, highly corrosive fumes having a sharp, penetrating odor. It is indispensable raw material for inorganic pharmaceuticals, photosensitive materials, dyes and medicine. It is also the base ingredient used in the manufacturing of hydrobromic acid (HBr) which is further utilized as a raw material for organic intermediates and medicines including lithium bromide and terephthalic acid.
It is obtained from seawater, natural brines, or as the by -product brines of potash recovery. In the recent years, bromine capacity showed a trend of steady growth. At present, the major manufacturers of bromine are concentrated in ICL, Albemarle and Chemtura Corporation. ICL-IP is the world’s largest bromine producer having access to the largest and richest bromine reserves at the Dead-Sea. China is the largest producer and consumers in Asian. Regionally, Middle East the major world producer of Bromine, followed by USA. Leading supplier in Middle East are ICL and Jordan Bromine Company (JBC).
Albemarle and Chemtura Corporation are only two suppliers from USA. Apart from dead sea, recovery of Bromine form brine well is mainly done in US, China mainly extract from underground water, while India mainly extract from lake. Still the largest end-use for bromine compounds, flame retardants account for 40.37% of world bromine consumption in 2017. Other promising new sectors for bromine include swimming pool disinfectants, industrial water treatment, air conditioning absorption systems and precious metal leaching.
About 31.77% of bromine is consumed in the US, with 9.00% in Europe and 31.77% in Middle East. Flame retardant agent is usually produced close with bromine. The Bromine market was valued at 1960 Million US$ in 2017 and is projected to reach 2430 Million US$ by 2025, at a CAGR of 2.7% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Bromine.
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This report includes the following manufacturers; we can also add the other companies as you want.
Albemarle
Tosoh
Perekop Bromine
Yuyuan Group
Haiwang Chemical
Haihua Group
Haoyuan Group
Longwei Industrial
Lubei Chemical
Runke Chemical
Market Segment by Product Type
Seawater Method
Brine Water Method
Market Segment by Application
Flame Retardants
Biocides
Drilling Fluids
Chemical Intermediate
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