Latest News on Organobromine Market Grow & Trend with Top key players - Albemarle Corp., Israel Chemical Ltd., Chemtura Corporation, among others

Organobromine Market is estimated to reach USD XX billion by 2028

Organobromine Market is projected to grow significantly with higher CAGR during the forecast period. Market growth is related to the strict environmental policies that encourage bromine to be used primarily in coal-fired power units. Use at power plants will lower effluent-consisting mercury conveniently. In addition, favorable regulations introduced by the government agencies were listed as one of the market's major drivers.

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The brominated organic compounds in which carbon chemically bonds with bromine are organobromine compounds. These are extremely widespread and thus are useful in flame retardation applications. Hexabromocyclododecane, Tetrabromobisphenol-A, and Bromodiphenyl ether are some of the Organobromine compounds that serve as flame retardants. Some of these organic compounds also serve as fumigants and are used in medicinal applications. Such compounds are used by several industries for various purposes such as pharmaceuticals, manufacturing, power generation systems, etc.

Segmentation for better understanding of this market and its growth prospects-

Organobromine market has been segmented based on application (biocide application, flame retardants), end-use industry (oil & gas, automotive, electrical & electronics, construction, water treatment, pharmaceuticals and others) and region.

By application, the flame retardants segment is expected to lead the Organobromine market during the forecast period. Brominated flame retardants (BFRs) are bromines containing compounds applied to substances in order to prevent or reduce their combustion rate.The increasing demand from the electronics and automotive industries (due to strict fire safety regulations) and the rising shipbuilding industries are driving the flame retardant application segment globally.

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Some of the key Impact Factors:
o The growth of the automotive and electronic industries.
o Growth in demand for medicinal purposes.
o Strict regulations for a safer working environment.

Insights about regional distribution of market:
Based on the region, the global Organobromine market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World.

During the forecast period, the Asia Pacific is projected to experience significant growth on the global Organobromine market. This demand is regarding the growth of major applications such as adhesives, coatings, composites, construction, electrical & electronics, wind energy, others.Major countries in the Asia Pacific region for the Organobromine market include China, South Korea, Japan, India, Australia, and so on.

Companies Covered: Major Companies profiled in the report which are key players in the Organobromine market include Albemarle Corp., Israel Chemical Ltd., Chemtura Corporation, Sanofi S.A., Jordan Bromine Company, Tetra Technologies, Tosoh Corporation, Morre-Tec Industries, Tata Chemicals Ltd. Information about companies that are included in this report specifically highlights future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other latest industrial developments done by these companies in the Organobromine market.

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Market Segmentation:

By Application:
o Biocide Application
o Flame Retardants

By End-Use Industry:
o Oil & Gas
o Construction
o Automotive
o Electrical & Electronics
o Water treatment
o Pharmaceuticals
o Others

By Region:

o North America
o By Country (US, Canada, Mexico)
o By Application
o By End-Use Industry

o Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Europe)
o By Application
o By End-Use Industry

o Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Application
o By End-Use Industry

o Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Application
o By End-Use Industry

o Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Application
o By End-Use Industry

o Rest of the World
o By Region (South America, Africa)
o By Application
o By End-Use Industry

Reasons to buy this report:

o Market size estimation of the global Organobromine market on a regional and global basis
o The unique research design for market size estimation and forecasts
o Profiling of the major companies operating in the market with key developments
o Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

o We provide customization of the study to meet the specific requirements:
o By segment
o By sub-segment
o By region/country

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This release was published on openPR.