Bromine Market 2020 Analysis by Global Manufacturers –ICL, Yuyuan Group, Jordan Bromine Company (JBC), Albemarle, Perekop Bromine, Lanxess, Haihua Group, Solaris Chemtech (SCIL), Tosoh
The global Bromine market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 2.6% in the forecast period of 2020 to 2025 and will expected to reach USD 2366 million by 2025, from USD 2136.4 million in 2019.
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Top Leading Companies of Global Bromine Market are ICL, Yuyuan Group, Jordan Bromine Company (JBC), Albemarle, Perekop Bromine, Lanxess, Haihua Group, Solaris Chemtech (SCIL), Tosoh, Haiwang Chemical, Weifang Zhongfa Chemical, Haoyuan Group, Lubei Chemical, Chengyuan Salt Chemical, Dadi Salt Chemical Group, Runke Chemical, Longwei Industrial and others.
TEL-AVIV, Israel, Sept. 10, 2019 -- ICL (NYSE: ICL & TASE: ICL), a leading global specialty minerals and specialty chemicals company, today announced that its ICL Industrial Products division ("ICL-IP"), the world's largest producer of bromine and bromine based products, is increasing its bromine compounds capacity after entering into several strategic agreements with customers in Asia, for ICL–IP's elemental bromine and bromine compounds products.
ICL-IP will increase its production capacity of TBBA, a bromine compound used primarily in the manufacture of printed circuit boards for the electronics industry, at its bromine compounds plant near the Dead Sea in Israel, by up to 25,000 metric tonnes annually. It also intends to increase by 50% its production capacity of FR1025, an environmentally-friendly polymeric flame retardant used in the automotive industry, and to enlarge its isotank fleet by around 10%. The company will invest approximately $50 million for these capacity expansions and anticipates that they will generate additional annual revenues of up to $110 million, beginning in 2021.
May 7, 2020: Albemarle sells $231 million in bromine products last quarter
Unless otherwise stated, all percent changes are based on year-over-year comparisons.
Net sales of $739 million; net income of $107 million, or $1.01 per diluted share; adjusted diluted EPS of $1. Adjusted EBITDA of $196 million decreased by 13 percent year-over-year, but above previously communicated guidance. Taking action to bolster the balance sheet to enhance financial flexibility; drew $250 million on revolving loan, repaid other short-term debt. Accelerating a $100 million cost savings initiative, which now expect to realize between $50 and $70 million in savings in 2020. Implementing short-term cash management actions to save between $25 and $40 million per quarter; reducing 2020 capital spending by about $150 million from plan.As previously announced, J. Kent Masters was named chairman, president and CEO of Albemarle effective April 20.
"Despite challenges related to COVID-19, our business performed safely and on plan during the first quarter of 2020. The economic impact of the global pandemic remains unclear, but we remain focused on what is within our control. That means ensuring that our employees are safe and healthy, and have the tools they need to perform; staying connected to our customers and suppliers; monitoring our cash management daily and taking action where appropriate; and accelerating our $100 million cost reduction program," said Masters.
On The Basis Of Product, The Bromine Market Is Primarily Split Into
Seawater Method, Brine Water Method, etc.
On The Basis Of End Users/Application, This Report Covers
Flame Retardants, Biocides, Drilling Fluids, Chemical Intermediate, Water Treatment, Others, etc.
Regional Outlook of Bromine Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.
This allows an understanding of the market and benefits from any lucrative opportunities that are available. Researchers have offered a comprehensive study of the existing market scenario while concentrating on the new business objectives. There is a detailed analysis of the change in customer requirements, customer preferences, and the vendor landscape of the overall market.
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Following are major Table of Content of Bromine Industry:
• Bromine Market Sales Overview.
• Bromine Market Sales Competition by Manufacturers.
• Bromine Market Sales Analysis by Region.
• Bromine Market Sales Analysis by Type.
• Bromine Market Analysis by Application.
• Bromine Market -Manufacturers Analysis.
What Are The Market Factors That Are Explained In The Report?
Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
Analytical Tools: The Global Bromine Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
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