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Global Bromine Market Strong Growth Prospects, Innovations, New Technology, Challenges And Forecast To 2032 | Major Key Players Are ICL Group Limited, Albemarle Corporation, LANXESS AG, Tosoh Corporation, TATA Chemicals Ltd
Bromine Market
As per the Bromine Market report by The Business Research Company, the increase in demand for bromine in oil and gas drilling is significantly contributing to the growth of the bromine market. The oil and gas are extracted from porous stones by drilling a hole into the area.
The global bromine market size grew from $4.36 billion in 2022 to $4.81 billion in 2023 at a compound annual growth rate (CAGR) of 10.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The bromine market size is expected to grow to $6.63 billion in 2027 at a CAGR of 8.3%.
Read More On The Bromine Market Report Here:
https://www.thebusinessresearchcompany.com/report/bromine-global-market-report
Major competitors in the Bromine Market include ICL Group Limited, Albemarle Corporation, LANXESS AG, Tosoh Corporation, TATA Chemicals Ltd., Gulf Resources Inc., Solaris Chemtech, Honeywell International Inc., Perekop bromine, Hindustan Salts Ltd., Chemtura Corporation, Chemada Industries Ltd., ICL Group Ltd., JORDAN BROMINE COMPANY, Shandong Weifang Longwei Industrial Co. Ltd., and Agrocel Industries Pvt. Ltd.
The Bromine Market is segmented -
By Derivative: Organobromine, Clear Brine Fluids, Hydrogen Bromide
By Application: Biocides, Flame Retardants (FR), Bromine-Based Batteries, Clear Brine Fluids (CBF), Other Applications
By End User: Oil and Gas, Automotive, Agriculture, Pharmaceuticals, Cosmetics, Textiles, and Other End Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Bromine Market.
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Bromine is a chemical element with a deep red colour and is a toxic liquid with an irritating and offensive odor. Bromine is used in making dyes, fumigants, flameproofing agents, sanitizers, water purification compounds, agents for photography, vegetable oil, and as an emulsifier in citrus-flavored soft drinks. It is also used as a disinfectant for surfaces due to its damaging effects on microorganisms.
The Table Of Content For The Bromine Market Include:
1. Executive Summary
2. Bromine Market Characteristics
3. Bromine Market Trends And Strategies
4. Bromine Market Market - Macro Economic Scenario
5. Bromine Market Size And Growth
……
27. Bromine Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bromine Market
29. Bromine Market Future Outlook and Potential Analysis
30. Appendix
The "Global Bromine Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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