Press release
Bromine Market to reach USD 6.98 Bn by 2030, emerging at a CAGR of 5.5 percent and forecast (2023-2030)
Bromine Market
The report delves into the Bromine Market, covering its overview, dynamics, segment analysis, and regional insights.The analysis is conducted through extensive research utilizing primary and secondary sources, industry expertise, and robust data analytics, ensuring reliability and accuracy.
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What are Bromine Market Dynamics:
The Surge of Bromine Market: Riding on the Wave of Technological Advancements, Growing Demand in Manufacturing, and Essential Role in Oil, Gas, and Flame Retardant Industries The growing demand for Technology has led to an increase in the manufacturing, residential, and automotive sectors, and this has resulted in a surge in market growth.
The bromine market is likely to grow since more people are using disinfectants and biocides. The growth of oil and gas-related activities like drilling fluids is another big thing that is driving the growth of the bromine market. In the oil and gas drilling process, bromine is often used to make clear brines. All of these are expected to help the bromine market grow over the forecast period. The growing global flame retardants market highlights the importance of fire safety to prevent injuries and trauma, protect property, and save lives while ensuring extended product lifecycles contribute to sustainability. Bromine-based products are ideal solutions for water treatment applications thanks to bromine's ability to kill harmful contaminants by combining with bacteria and other living organisms in water. Neogen is a leading manufacturer of bromine- and lithium-based specialty chemicals, which go into a host of end-user industries like pharma, agrochemicals, engineering liquids, electronic chemicals, aroma chemicals, flavors and fragrances, specialty polymers, and cooling Medium.
Bromine Market Regional Insights:
Asia Pacific: Holding a significant market share of 45% in 2023, the Asia Pacific region is poised for growth with a CAGR of 5.10%. Rapid industrialization and urbanization in countries like China and India drive market expansion.
In India, a robust pipeline of infrastructure projects contributes to market growth, with the construction industry expected to rise at a rate of 6.2% per year from 2023 to 2026.
In China, production reduction is anticipated due to capacity depletion and environmental concerns, leading to increased import volumes of Bromine.
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What is Bromine Market Segmentation:
by Type
Organobromines
Clear Brine Fluids
Hydrogen Bromide
by Application
Flame Retardants
Fine Chemicals
Agriculture Products
Biocides
Clear Brine Fluids
Bromide salts
Who are Bromine Market Key Players:
1. ICL Group Ltd (Israel)
2. Albemarle Corporation (US)
3. LANXESS AG (Germany)
4. Tosoh Corporation (Japan)
5. TETRA Technologies, Inc. (US)
6. Solaris Chemtech Industries Ltd (India)
7. TATA Chemicals Ltd. (India)
8. Hindustan Salts Ltd. (India)
9. Honeywell International Inc. (US)
10. Gulf Resources, Inc. (China)
11. Agrocel Industries Pvt Ltd. (India)
12. Satyesh Brinechem Pvt. Ltd. (India)
13. Perekop Bromine
14. Yuyuan Group
15. Haiwang Chemical
16. Lubei Chemical
17. Runke Chemical
18. Dadi Salt Chemical Group
19. Neogen Chemicals Ltd
20. IsraelChemicalsLtd
Table of content for the Bromine Market includes:
1.Global Bromine Market : Research Methodology
2.Global Bromine Market : Executive Summary
Market Overview and Definitions
● Introduction to the Global Market
● Summary
● Key Findings
● Recommendations for Investors
● Recommendations for Market Leaders
● Recommendations for New Market Entry
3.Global Bromine Market : Competitive Analysis
MMR Competition Matrix
● Market Structure by region
● Competitive Benchmarking of Key Players
● Consolidation in the Market
● M&A by region
● Key Developments by Companies
● Market Drivers
● Market Restraints
● Market Opportunities
● Market Challenges
● Market Dynamics
● PORTERS Five Forces Analysis
● PESTLE
● Regulatory Landscape by region
● North America
● Europe
● Asia Pacific
● Middle East and Africa
● South America
● COVID-19 Impact
4.Company Profile: Key players
Company Overview
● Financial Overview
● Global Presence
● Capacity Portfolio
● Business Strategy
● Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
● Past Pricing and price curve by region (2022 to 2029)
● Market Size, Share, Size and Forecast by different segment | 2022-2029
● Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
● Market Segmentation - A detailed analysis by growth and trend
● Competitive Landscape - Profiles of selected key players by region from a strategic perspective
● Competitive landscape - Market Leaders, Market Followers, Regional player
● Competitive benchmarking of key players by region
● PESTLE Analysis
● PORTER's analysis
● Value chain and supply chain analysis
● Legal Aspects of business by region
● Lucrative business opportunities with SWOT analysis
● Recommendations
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Maximize Market Research is a multidisciplinary market research and consulting company staffed by professionals from various industries. Its coverage spans medical devices, pharmaceutical manufacturing, science and engineering, electronic components, industrial equipment, technology and communication, automotive, chemical products, general merchandise, beverages, personal care, and automation systems. The company provides industry-verified market estimations, technical trend analysis, essential market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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