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Bromine Derivatives Market Analysis 2023: Market Growth Rate, Competitive Landscape And Top Opportunities
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Bromine Derivatives Global Market Report 2023 identifies increasing construction industry worldwide as the major driver for the Bromine Derivatives market's growth in the forecast period. The construction industry refers to the industrial branch of manufacturing and trade that builds, repairs, renovates and maintains infrastructures. Bromine derivatives are utilised to construct complex infrastructure due to their compatibility with most non-metallic building materials.
The global bromine derivatives market size is expected to grow from $4.63 billion in 2022 to $4.89 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. 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 global bromine derivatives market size is expected to reach $5.99 billion in 2027 at a CAGR of 5.2%.
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Major competitors in the Bromine Derivatives market are Albemarle Corporation, Israel Chemicals Limited, Lanxess Corporation, Hindustan Salts Limited, Honeywell International Inc., Tata Chemicals Ltd.
A key trend in the Bromine Derivatives market includes product innovation. Major companies operating in the bromine derivatives market are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2022, De Nora, an Italy-based company specializing in electrochemistry, launched MIOX Bromine Oxidant Solution System. This bromine production system enhances processes for treating water with high ammonia or pH concentrations, which is crucial for cooling tower applications. The chlorine-based solution generated by the on-site generator is changed into a bromine-containing solution by MIOX BOSS using an activator solution that contains bromide.
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The Bromine Derivatives market is segmented -
• By Derivative: Sodium Bromide, Calcium Bromide, Zinc Bromide, TBBPA, DPDPE, Other Derivatives
• By Application: Flame Retardants, Safety Apparel, Organic Intermediates, Oil and Gas Drilling, Biocides, PTA Synthesis, Other Applications
• By End Use: Chemical, Construction, Oil and Gas, Pharmaceuticals, Electronics, 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 Derivatives market.
The Business Research Company's "Global Bromine Derivatives Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Bromine Derivatives Market Include:
1. Executive Summary
2. Bromine Derivatives Market Characteristics
3. Bromine Derivatives Market Trends And Strategies
4. Bromine Derivatives Market - Macro Economic Scenario
5. Bromine Derivatives Market Size And Growth
……………………………………………………………………….
26. Africa Bromine Derivatives Market
27. Bromine Derivatives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bromine Derivatives Market
29. Bromine Derivatives Market Future Outlook and Potential Analysis
30. Appendix
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