Bromine Market Survey Report 2021 Along with Statistics, Forecasts till 2025

The Bromine Market report is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data. The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

The global bromine market is expected to record a CAGR of around 5% during the forecast period. 

Get a Free Sample Copy of this Report:

https://www.marketinsightsreports.com/reports/01091744184/bromine-market-growth-trends-and-forecast-2020-2025/inquiry?Mode=Seven

Top Leading Companies of Global Bromine Market are Albemarle Corporation, Gulf Resources Inc., Hindustan Salts Limited, Honeywell International Inc., ICL, JBC, LANXESS, Solaris Chemtech, Tata Chemicals Limited, TETRA Technologies Inc., Tosoh Corporation and others.

Key Market Trends:

Increasing Demand for Flame Retardants

- Flame retardants account for the largest share in the global bromine market. Despite, increasing regulations and ban on some of the bromine-based flame retardants, this segment is still dominating the market, owing to the effective characteristics of bromine in controlling the fire.
- Polybrominated diphenyl ether, polybrominated biphenyl, decabromodiphenyl ether, hexabromocyclododecane, and tetrabromobisphenol are few of the examples of flame-retardant chemicals that are made using bromine.
- There are around 80 different types of brominated flame retardants (BFRs), which have widely varying chemical properties, and are available in the market. Some of these types include brominated bisphenols, diphenyl ethers, cyclododecanes, bisphenyls, phenols, phenoxy ethanes, and phthalic acid derivatives.
- BFRs are commonly used to prevent fires in electronics and electrical equipment, which accounts for more than 50% of their applications. For instance, these flame retardants are extensively used in the outer housings of TV sets and computer monitors, as the internal circuitry of such devices can heat up, and over time, collect dust. Short circuits and electrical or electronic malfunctions can occur.
- In addition, BFRs are used in wire and cable compounds, for example, for use in buildings and vehicles and other building materials, such as insulation foams. They are also used in specialty fabric back-coatings for curtains, seating, and furniture, in transport and public buildings and domestic upholstered furniture.
- Synergistic agents, such as antimony oxides, further increase the effectiveness of both brominated and chlorinated flame retardants, by enabling the halogen to stay in the flame zone for longer periods.
- Furthermore, other applications include furniture foams, textiles, plastic casing employed in electronics, computers, televisions, fridges, radios, and washing machines.
- Hence, with the increasing demand for flame retardants, the demand for bromine consumption is also expected to increase rapidly, over the forecast period.

Asia-Pacific Region to Dominate the Market

- Asia-Pacific region represented 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.
- China is the fourth-largest producer of bromine, after Israel, Jordan, and the United States. China accounts for more than 10% of the global bromine production.
- China has the world’s largest electronics production base. Electronic products, such as smartphones, TVs, wires, cables, etc., recorded the highest growth in the electronics segment. The country serves not only domestic demand for electronics but also exports electronic output to other countries. In China, with the increase in the disposable income of the middle-class population and the rising demand for electronic products countries importing electronic products from China, the production of electronics is projected to grow. With the growing electronics and construction industry, the demand for the bromine-based flame-retardant application is expected to increase.
- India produce about 3% of bromine of global production. Bromine is majorly consumed by flame retardants, bromine-based batteries, clear brine fluids, etc.
- The electronics industry in India is one of the largest and fastest-growing industries in the country. Due to the rising labor costs, several manufacturers are relocating from China to India, to meet the domestic demand. Government initiatives, like Digital India, are stimulating the growth in the electronics manufacturing sector. The main objective of this initiative is to ensure that all the government services are accessible to the citizens electronically.
- All the aforementioned factors, in turn, are expected to increase the demand for bromine in the region over the forecast period.

Explore Full Report With Detailed TOC Here:

https://www.marketinsightsreports.com/reports/01091744184/bromine-market-growth-trends-and-forecast-2020-2025?Mode=Seven

Highlights of the Bromine Market Report:

– Detailed overview of Bromine Market
– Changing the Bromine market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, current and projected Bromine market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Bromine Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

Finally, the Bromine Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request, and market development rate and figure, and so on. Bromine industry report additionally Presents a new task SWOT examination, speculation attainability investigation, and venture return investigation.

Purchase Full Report at:

https://www.marketinsightsreports.com/report/purchase/01091744184?mode=su?Mode=Seven

We Offer Customization On Report Based On Specific Client Requirement:
- Free country Level analysis for any 5 countries of your choice.
- Free Competitive analysis of any 5 key market players.
- Free 40 analyst hours to cover any other data point.

Contact US :
Irfan Tamboli (Head of Sales)
Market Insights Reports
Phone: + 1704 266 3234 | Mob: +91-750-707-8687
sales@marketinsightsreports.com
irfan@marketinsightsreports.com

About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information, and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

This release was published on openPR.