Bromine Derivatives Market Growth, Trends, Industry Analysis, Key Players Forecast 2022-28

The research report "Bromine Derivatives Market: By Product Type (Brominated Polystyrene, Tetrabromobisphenol A, Calcium Bromide, Sodium Bromide, Zinc Bromide, Hydrobromic Acid, Decabromodiphenyl Ethane (DBDPE), Others), Application (Flame Retardants, Organic Intermediates, Oil & gas, Biocides, Pharmaceuticals, PTA Synthesis, Others), and Geography-Global/Region/Country Forecast to 2028." The global bromine derivatives market size is anticipated to be valued at USD 828.3 million in 2021 and poised to grow at a significant CAGR rate of 5.4% over the forecast period 2022-28.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/global-bromine-derivatives-market/

An overview on the Bromine Derivatives Market
Bromine derivatives are used for different purposes including such as oil & gas, biocides, pharmaceuticals, flame retardants and other. Growing demand for halogenated flame retardants and increasing use of bromine to control the production of mercury has completely impacted the growth market. Pharmaceuticals are the major application sector for bromine derivatives. Increase in the gas and oil exploration undertakings has led the broad use of the calcium bromide NaBr and CaBr. Increasing use of NaBr for the manufacturing of anti-epileptic drugs and medicinal intermediates because of its anti-seizure properties is fuelling the market growth.

Bourgeoning industries including agriculture, electronics and pharmaceuticals alongside future activities of construction in the Asia Pacific and Middle East is anticipated to impel the growth of market. Thriving manufacturing accomplishments is anticipated to fuel the market growth in future period. But, the increasing use of non-halogenated flame retardants is expected to hamper the market growth. Biocides are projected to create a demand for bromine derivatives, which is fuelling the market growth. Such substances are used to restrain the growth of microorganisms and it is also used to prolong shelf life and preserve quality of various products containing cleaning materials, glues & sealers, cosmetics, coatings & dyes, wood & paper. Many antiseptics are obtained from halogen.

North America accounted for major share in the Global Bromine Derivatives Market:
Global bromine derivatives market report gives comprehensive outlook on bromine derivatives across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Middle East Africa. Among these regions, North America got a huge share in the market in terms of revenue and it is further anticipated to show dominance in the upcoming years. North America is the leading region for the production of natural gas. In addition, this region has also been witnessing steady growth in the making of shale gas, which thus contributes significantly to the market growth. Investments made by MNC's are the major driver in this region. Asia Pacific is the second leading region followed by North America. Prevalent occurrence of major companies investing hefty amounts in R&D activities for product development such as Tosoh Corporation and Lanxess has completely impacted the market growth.

Request sample report at https://precisionbusinessinsights.com/request-sample?product_id=35197

Competitive Analysis - Global Bromine Derivatives Market:
There are a few major players working in the global bromine derivatives market are Hindustan Salts Ltd., Lanxess, Gulf Resources Incorporation, Sanofi, Honeywell InternationaL and Perekop Bromine Factory.

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.