Bromine Derivatives Market Demand - 2024, Growth and Analysis by Top Manufacturers, Industry Share, and Top Revenues - Israel Chemicals Limited, Albemarle Corporation

Market Overview:

Bromine derivatives are extensively used as fire retardants and intermediates for plastics, Rubber, pharmaceuticals, and agrochemicals. Bromine is mainly utilized as brominated flame retardants and intermediaries in products like polyurethane foam, epoxy resins for insulation. Derivatives like tetrabromobisphenol A and hexabromocyclododecane are commonly used brominated flame retardants.

Market Dynamics:

Growing demand for bromine derivatives across end-use industries such as construction, automotive, electronics, agriculture and pharmaceuticals is a major factor driving the market growth. Bromine derivatives are used as flame retardants to impart fire resistance in insulation materials, wires, cables, and many engineering plastics and textiles. Over the forecast period, increasing consumption of brominated flame retardants (BFRs) in construction materials and electrical equipment is expected to propel the demand. Also, growing need for bromine-based agrochemicals and derivatives in pharmaceutical intermediates will boost the market revenues. However, stringent regulations on halogenated flame retardants due to environmental concerns may restrain the market to a certain extent over 2024-2031.

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Major market players included in this report are:

★ Israel Chemicals Limited
★ Albemarle Corporation
★ Tosoh Corporation
★ Tata Chemicals Limited
★ Chemtura Corporation
★ Jordan Bromine Company
★ Gulf Resources Inc.
★ Hindustan Salts Limited
★ Tetra Technologies Inc.

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

By Application:
✦ Flame Retardant
✦ Organic Intermediates
✦ Oil & Gas Drilling
✦ Bodices
✦ PTA synthesis
✦ Others

By Derivatives:
✦ Sodium Bromide
✦ Calcium Bromide
✦ Zinc Bromide
✦ TBBPA
✦ DBDPE
✦ Others

By End-use Industry:
✦ Chemical
✦ Construction
✦ Oil & Gas
✦ Pharmaceutical
✦ Electronics
✦ Others

Regional Analysis:

North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✦ Major Drivers of Demand for Flame Retardants in the Building and Construction Industry Boosts the Bromine Derivatives Market

The building and construction industry has become one of the major end-users of bromine derivatives such as flame retardants. Flame retardants are gaining increasing preference in the industry owing to growing awareness regarding fire safety measures. Strict regulations in many countries mandate the use of flame retardants in constructions materials such as insulation, circuit boards, and textile coatings. The expanding building infrastructures across both developed and developing economies is driving significant consumption of such materials. Moreover, rising disposable incomes have fuelled residential construction activities, thereby augmenting demand for bromine derivative-based flame retardants. Various government initiatives to promote green buildings and energy-efficient structures will further support market growth over the coming years.

✦ Rising Electronics Consumption Catalyzes the Need for Brominated Flame Retardants

Brominated flame retardants (BFRs) are widely used as additive flame retardants in electronic enclosures and circuit boards. With the proliferating production of home appliances, consumer electronics, automotive electronics, and electrical goods, the demand for BFRs has surged substantially. BFRs provide effective protection against fires from accidental ignition of electronic components. However, they are primarily driven by regulations and standards regarding fire safety of electronic goods. For instance, Underwriters Laboratories (UL) standards in North America necessitate the use of specific flame-retardant plastics in electronic housings and casings. Similarly, various international standards such as IEC and GB specify flame retardancy tests for circuit boards. The continuously growing electronics industry thus remains a prominent factor spurring the adoption of BFRs and associated bromine derivatives.

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✦ Major Restraint for the Bromine Derivatives Market stems from Environmental Concerns regarding Certain Brominated Flame Retardants

While brominated flame retardants provide critical fire protection, environmental concerns have emerged against some major BFR types. For example, polybrominated diphenyl ethers (PBDEs) have drawn scrutiny due to potentially toxic and persistent organic pollutants. Studies have linked PBDEs exposure to adverse health impacts such as effects on thyroid function and neurodevelopment. Their detection in breast milk and wildlife tissues has intensified ecological worries. Regulatory crackdowns have been witnessed in the European Union and North America against the use of PBDEs in applications. In particular, DecaBDE formulation faced a ban. Such restrictions dampen the prospects of some legacy BFRs and associated bromine derivative products. Manufacturers are focusing on development and commercialization of greener and safer brominated and non-brominated alternatives

✦ Opportunity for Bromine Derivatives Market lies in Growing Thermal Energy Storage Applications

Thermal energy storage (TES) has emerged as a viable solution for shifting renewable energy generated during off-peak hours to times of high demand. Latent heat storage using phase change materials (PCMs) has attracted significant R&D investments owing to higher energy densities. Several inorganic bromine salts have shown potential as next-generation PCMs. For example, calcium bromide, sodium bromide, and other bromide hydrated salts exhibit high latent heats of fusion providing effective thermal storage. Their melting temperatures can be varied between 20-300°C covering heating and cooling applications. They also offer advantages such as non-flammability, non-toxic and chemical stability over several thermal cycles. With worldwide emphasis on renewable integration and adoption of district heating/cooling networks, the TES market is expected to showcase healthy growth. This will generate new revenue streams for bromine derivatives in phase change applications.

Key Questions

• How much revenue will the global Bromine Derivatives Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Bromine Derivatives Market?

• What are the indicators expected to drive the global Bromine Derivatives Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Bromine Derivatives Market to expand their geographical presence?

• What are the major advancements witnessed in the global Bromine Derivatives Market?

• This report answers these questions and more about the global Bromine Derivatives Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Bromine Derivatives Market, 2018 - 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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