Bromine Market 2020 Precise Outlook - Albemarle, Solaris Chemtec, Gulf Resources, ICL industrial products

The Global Bromine Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies. We analyzed the impact of COVID-19 (Corona Virus) on the product industry chain based on the upstream and downstream markets, on various regions and major countries and on the future development of the industry are pointed out.

The global bromine market is expected to record a CAGR of over 4% during the forecast period 2019-2024.

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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Bromine Market: Albemarle, Solaris Chemtec, Gulf Resources, ICL industrial products.

May 7, 2020: Albemarle sells $231 million in bromine products last quarter

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.

SHOUGUANG, China, May 07, 2020 -- Gulf Resources, Inc. (NASDAQ:GURE) ("Gulf Resources" or the "Company"), a leading manufacturer of bromine, crude salt and specialty chemical products in China today announced that its Factories #4 and #9 commenced commercial production on May 6, 2020.

These two factories started trial production in the mid-April 2020. Based on the results of the trial production, these two factories have commenced commercial production.

Mr. Liu Xiaobin, the CEO of Gulf stated, “The Company made efforts to accommodate the rectification as required by the local government, and was adversely impacted by typhoons and COVID-19 situation. We are now pleased to have four of our factories back in commercial production including Factories #1,#4,#7 and #9. We expect following the gradual recovery of the China economy, and the increase of downstream demand, company look forward to generating revenues and profits in the future.”

January 24, 2013: US-based global chemicals company Chemtura Corporation announced it had entered into an agreement to acquire the Bromine assets of Solaris ChemTech Industries Ltd (SCIL) in a $142 million deal. SCIL, a part of the Gautam Thapar-led $4 billion Avantha Group, is India’s largest manufacturer of Bromine and its derivatives.

The deal would help Chemtura further spread its presence in a market they had targeted for profitable growth, a statement issued by Chemtura read. The acquisition includes two manufacturing facilities, a Research & Development (R&D) centre in Gujarat. The acquired assets will form a part of Chemtura’s business to provides Bromine and Phosphorus flame retardants.

Key Market Trends

Bromine Based Battery segment is expected to drive the market

- In recent years, many countries - such as China, Japan, India, and Australia - are striving to boost their large-scale energy storage capacity through innovation go advanced battery technologies to enhance their electric storage stability.
- In countries such as India, China, and Japan, respective governments have laid regulations and reforms as well as various initiatives for modernizing the power sector.
- The zinc-bromine flow battery is an electrochemical cell that store electric charges and is a hybrid flow battery. It generates DC (direct current) by converting chemical energy into electrical energy. Its electrodes act as substrates for the reactions and don't participate in the electrochemical reaction. These have higher specific energy, smaller battery size, and higher battery capacity.
- Zinc-bromine battery can be recharged and has high specific energy. Thus it is ideal for usage as a battery for energy storage in electric vehicles. Zinc-bromine battery can be made from readily available material and at a very low cost. Therefore there is a significant demand for the Bromine-based battery segment across the globe.
- Hence, with the growing demand for bromine based batteries, the demand for consumption of bromine is also expected to increase rapidly over the forecast period.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region represents the largest regional market for bromine in 2018. The enormous demand for organobromines is a result of the growing need for Zinc-bromine flow batteries and increase in consumption of flame retardant products in the region.
- In Asia-Pacific, China provides the primary market for the consumption of zinc-bromine flow batteries. Additionally, China is also a major consumer of brominated flame retardants across the globe.
- The rapidly growing consumption of solar rooftops and electric vehicles in automotive sectors in Japan and China are expected to offer various opportunities for the growth of zinc-bromine flow batteries.
- Electric vehicles sales in China are projected to exceed 2.35 million by 2020 and is expected to account for over half the world’s market share over the next decade. Thus there will be sufficient demand for zinc-bromide flow batteries in the region, which in turn increases the consumption of bromine over the forecast period.

Geographically, the report includes the research on production, consumption, revenue, market share and growth rate, and forecast (2015-2026) of the following regions:

United States
Global (Germany, UK, France, Italy, Spain, Russia, Poland)
China
Japan
India
Southeast Asia (Malaysia, Singapore, Philippines, Indonesia, Thailand, Vietnam)
Central and South America (Brazil, Mexico, Colombia)
Middle East and Global (Global, United Arab Emirates, Turkey, Egypt, South Global, Nigeria)
Other Regions

Influence Of The Bromine Market Report:

-Comprehensive assessment of all opportunities and risk in the Bromine Market.
- Bromine Market recent innovations and major events.
-A detailed study of business strategies for growth of the Bromine Market-leading players.
-Conclusive study about the growth plot of Bromine Market for forthcoming years.
-In-depth understanding of Bromine Market-particular drivers, constraints and major micro markets.
-Favourable impression inside vital technological and market latest trends striking the Bromine Market.

The report has 150 tables and figures browse the report description and TOC:
https://www.marketinsightsreports.com/reports/08071392578/bromine-market-growth-trends-and-forecast-2019-2024?source=openpr&Mode=12

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 The 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.

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