Bromine Market (importance and benefits) | Check Details Here

This report provides an informative view about the competitive aspect of the global market. It includes detailed picture of the exhibition of a portion of the essential global players working in the Bromine market. The research study also provides historical record with profits predictions and forecasts from 2021 to 2026. Also, the business manufacturing of the notable manufacturers is also emphasized with technical data in the report.

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The bromine market is projected to grow from USD 3.3 billion in 2021 to USD 4.1 billion by 2026, at a CAGR of 4.5% from 2021 to 2026.This report spread across 305 Pages, Profiling 15 Companies and Supported with 346 Tables and 53 figures are now available in this research.

The report provides a comprehensive analysis of company profiles listed below:
• ICL Group Limited (Israel)
• Albemarle Corporation (US)
• Lanxess AG (Germany)
• Tosoh Corporation (Japan)
• Gulf Resources Inc. (China)
• TETRA Technologies Inc. (US)
• Solaris Chemtech Industries Ltd. (India)
• TATA Chemicals Ltd (India)
• Honeywell International Inc. (US)
• Perekop Bromine (Russia)

Based on the application, the flame retardant application segment is projected to grow at the highest CARG during the forecast period. Brominated flame retardants (BFRs) are bromine containing compounds that are added to materials to inhibit or reduce combustion. BFRs are more widely used than other commercialized chemical flame retardants. Polybrominated Diphenyl Ethers (PBDEs), Polybrominated Biphenyl (PBB), and Brominated Cyclo-hydrocarbons are some of the examples of BFRs.

Based on derivative, the clear brine fluids segments are projected to grow at the highest CAGR during the forecast period. Clear brine fluid is a dense solution of calcium bromide (CaBr2), sodium bromide (NaBr), and zinc bromide (ZnBr2) in saltwater. It is mainly used in penetrating bore-well for drilling oil and natural gas. Calcium bromide and zinc bromide brines are used in shale inhibition and drilling salt formations. Brine fluids are used in refrigeration installations for the transportation of thermal energy.

Asia Pacific is projected to grow at the highest CAGR in the bromine market from 2021 to 2026. The bromine market in Asia Pacific has witnessed growth in the last few years, owing to the growing economies of the countries and increasing consumption of bromine in major industries, such as electronics, oil & gas, agriculture, automotive, and construction. Substantial development in infrastructure and increasing demand for flame retardants in automobile and construction & insulation is expected to drive the bromine market in this region.

Research Coverage:
The report defines, segments, and projects the size of the bromine market based on application, derivative, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments such as expansions, new product developments, investments, acquisitions, and agreements undertaken by them in the market.

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Table Of Contents:-
1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.3 Inclusions & Exclusions
Table 1 Bromine Market, By Application: Inclusions & Exclusions
Table 2 Bromine Market, By Derivative: Inclusions & Exclusions
Table 3 Bromine Market, By Region: Inclusions & Exclusions
1.4 Bromine Market Segmentation
Figure 1 Bromine Market: Segmentation
Figure 2 Bromine Market: Regions Covered
1.4.1 Years Considered For The Study
1.5 Currency
1.6 Unit Considered
1.7 Limitations
1.8 Stakeholders
1.9 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 3 Bromine Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 List Of Participating Companies For Primary Research
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown Of Primary Interviews
Figure 4 Breakdown Of Primary Interviews By Company Type, Designation, And Region
2.2 Base Number Calculation
2.2.1 Supply-Side Approach
2.2.2 Demand-Side Approach
2.3 Market Size Estimation
Figure 5 Market Size Estimation: Bottom-Up Approach
Figure 6 Market Size Estimation: Top-Down Approach
2.4 Data Triangulation
Figure 7 Market Breakdown And Data Triangulation
2.5 Assumptions
2.6 Risk Assessment

3 Executive Summary
Table 4 Bromine Market Snapshot, 2021 & 2026
Figure 8 Organobromine Led The Bromine Market, By Derivative, 2020
Figure 9 Flame Retardants Led The Bromine Market, By Application, 2020
Figure 10 Apac To Witness The Highest Growth During The Forecast Period

4 Premium Insights
4.1 Attractive Opportunities In The Global Bromine Market
Figure 11 Growing Demand In Flame Retardants And Oil & Gas Drilling To Drive The Bromine Market Between 2021 And 2026
4.2 Bromine Market, By Derivative
Figure 12 Clear Brine Fluids To Be The Fastest-Growing Derivative Segment Between 2021 And 2026
4.3 Apac Bromine Market, By Application And Country
Figure 13 Flame Retardants And China Estimated To Account For The Largest Share In The Apac Bromine Market In 2021
4.4 Bromine Market: Major Countries
Figure 14 China, India, South Korea, And Japan To Offer Lucrative Opportunities During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 15 Drivers, Restraints, Opportunities, And Challenges In The Bromine Market
5.2.1 Drivers
5.2.1.1 Growing Use Of Bromine Compounds In Mercury Emission Mitigation
5.2.1.2 Increasing Demand For Flame Retardants In Electronics, Consumer Goods, And Textile Industries
Figure 16 Global Valuation Of The Retail Apparel (Textile) Industry
Figure 17 Global Users Of Consumer Electronic Products, 2016–2021
5.2.1.3 Consumption Of Bromine And Its Derivatives In Diverse Applications
5.2.1.4 Increased Use Of Bromine As A Disinfectant Due To The Covid-19 Pandemic
5.2.2 Restraints
5.2.2.1 Toxicological Effects Of Brominated Compounds
5.2.2.2 Emergence Of Non-Halogenated Flame Retardants
5.2.3 Opportunities
5.2.3.1 Recycling Of Bromine
5.2.3.2 Increasing Use Of Hydrogen Bromide In Flow Batteries
5.2.4 Challenges
5.2.4.1 Significant Fluctuations In Oil & Gas Prices Due To The Covid-19 Pandemic
Table 5 Global Oil & Gas Prices, Usd/Bbl (2016–2020)
Figure 18 Global Oil Demand Growth (2016-2021)
5.3 Porter’s Five Forces Analysis
Figure 19 Porter’s Five Forces Analysis
Table 6 Porter’s Five Forces Analysis: Bromine Market
5.3.1 Bargaining Power Of Suppliers
5.3.2 Threat Of New Entrants
5.3.3 Threat Of Substitutes
5.3.4 Bargaining Power Of Buyers
5.3.5 Intensity Of Rivalry

6 Industry Trends
6.1 Launch Strategies For Different Product Volumes With An Assessment Of The Possible Market Reaction
6.1.1 Launch Strategies For Different Product Volumes Of Bromine
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