Global Bromine Market Soars to New Heights, Expected to Reach USD 5,288.9 Million by 2030 | IGR

A recent report by Infinium Global Research delves deep into the dynamics of the Global Bromine Market, presenting an extensive analysis of its segments, sub-segments, and the impact of key drivers, restraints, and macro indicators on both short and long-term market performance. The report offers an all-encompassing view of market trends, forecasts, and the estimated value of the global bromine market. The global bromine market was valued at USD 3,624.4 Million in 2022 and is expected to reach USD 5,288.9 Million by 2030 and grow at a CAGR of 4.97% over the forecast period.

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Flame Retardants: A Game Changer

Flame retardants, including bromine-based flame retardants (BFRs), have carved an essential niche across various industries and applications. Their pivotal role in ensuring fire safety in electronic casings, circuitry, textiles, building materials, printed circuit boards, and more has surged the demand for bromine. Additionally, the expanding use of plastics in the automotive sector has amplified the need for flame retardants, notably in automobile manufacturing.

Government Regulations and Safety

Growing government interventions in fire safety regulations have reinforced the demand for BFRs. European and North American countries have stringent regulations regarding fire safety in the automotive, consumer goods, textile, and electronics industries. These regulations have mandated that construction companies implement fire safety and appropriate measures for fire protection and spread prevention, driving the demand for BFRs in these sectors.

Mitigating Mercury Emissions

Mercury emissions from industrial and coal power plants significantly contribute to air pollution. These emissions are a major source of toxic elements in the air, posing health risks once elemental mercury is absorbed into the atmosphere. However, bromide additives efficiently convert elemental mercury into an oxidized form that can be captured by emission control equipment. This reduction in mercury emissions, exceeding 90%, has elevated the popularity of bromine products in coal power plants and industrial settings.

Challenges in Bromine Market

Although the bromine market is thriving, bans on BFRs, including those in the United States since 2004, have caused concerns. These flame retardants have been found to impact the health of newborn babies, contributing to memory problems and environmental issues. This has led to a slowdown in the demand for brominated compounds, creating a challenge for market growth.

Promising Future of Hydrogen Bromide Flow Batteries (HBFB)

Hydrogen bromide flow batteries (HBFB) offer a promising future in the mobility and electricity sectors, owing to their high-power density and competitive pricing compared to Li-ion batteries. As governments seek alternatives to gasoline and fossil energy, electrochemical energy storage becomes increasingly vital. HBFBs excel in terms of peak power density, energy efficiency, and high energy utilization, making them a valuable choice in the years to come.

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Table of Content

Chapter 1. Preface

1.1. Report Description

1.2. Research Methods

1.3. Research Approaches

Chapter 2. Executive Summary

2.1. Bromine Market Highlights

2.2. Bromine Market Projection

2.3. Bromine Market Regional Highlights

Chapter 3. Global Bromine Market Overview

3.1. Introduction

3.2. Market Dynamics

3.2.1. Drivers

3.2.2. Restraints

3.2.3. Opportunities

3.3. Analysis of COVID-19 impact on the Bromine Market

3.4. Porter's Five Forces Analysis

3.5. IGR-Growth Matrix Analysis

3.5.1.IGR-Growth Matrix Analysis by Derivative

3.5.2.IGR-Growth Matrix Analysis by Application

3.5.3.IGR-Growth Matrix Analysis by Region

3.6. Value Chain Analysis of Bromine Market

Chapter 4. Bromine Market Macro Indicator Analysis

Chapter 5. Global Bromine Market by Derivative

5.1. Organobromine

5.2. Clear Brine Fluids

5.3. Hydrogen Bromide

Chapter 6. Global Bromine Market by Application

6.1. Biocides

6.2. Flame Retardants (FR)

6.3. Bromine-based Batteries

6.4. Clear Brine Fluids (CBF)

6.5. Other Applications

Chapter 7. Global Bromine Market by Region 2023-2030

7.1. North America

7.1.1. North America Bromine Market by Derivative

7.1.2. North America Bromine Market by Application

7.1.3. North America Bromine Market by Country

7.2. Europe

7.2.1. Europe Bromine Market by Derivative

7.2.2. Europe Bromine Market by Application

7.2.3. Europe Bromine Market by Country

7.3. Asia-Pacific

7.3.1. Asia-Pacific Bromine Market by Derivative

7.3.2. Asia-Pacific Bromine Market by Application

7.3.3. Asia-Pacific Bromine Market by Country

7.4. RoW

7.4.1. RoW Bromine Market by Derivative

7.4.2. RoW Bromine Market by Application

7.4.3. RoW Bromine Market by Sub-region

Chapter 8. Company Profiles and Competitive Landscape

8.1. Competitive Landscape in the Global Bromine Market

8.2. Companies Profiles

8.2.1.ICL Group Limited

8.2.2. Jordan Bromine Company

8.2.3. Lanxess AG

8.2.4. Albemarle Corporation

8.2.5. Tosoh Corporation

8.2.6. TATA Chemicals Limited

8.2.7. TETRA Technologies, Inc.

8.2.8. Solaris Chemtech Industries Ltd.

8.2.9. Honeywell International Inc.

8.2.10. Gulf Resources Inc.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of Bromine.

=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.

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