openPR Logo
Press release

Bromine Market Plying for Significant Growth During 2024

11-02-2017 08:29 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Transparency Market Research Reports

/ PR Agency: Transparency Market Research Reports
Bromine Market Plying for Significant Growth During 2024

Global giants, having massive manufacturing capacities and significant geographical outreach, dominate the bromine market, worldwide. They have been able to adapt well to the various changes in the market by dint of being deep-pocketed and having the technological resources. Some of the main strategies adopted by them to stay ahead of competition in the bromine market are product development and competitive pricing.

View Full Report:
https://www.transparencymarketresearch.com/bromine-market.html

Some of the prominent participants operating in the global bromine market are Albemarle Corporation, Israel Chemical Ltd. (ICL), Jordan Bromine Company Limited, and Gulf Resources Inc.

As per a report by Transparency Market Research, the global bromine market will rise at a tepid pace in the upcoming years. It forecasts the market to become worth US$2.674 bn by 2025 from US$1.74 in 2016 by registering a CAGR of 5.0% during the period between 2017 and 2025.

Demand from China Catapults Asia Pacific Market to Fore

Depending upon its various applications, the global bromine market can be classified into flame retardants, drilling fluids, biocides, catalysts, and water treatment, among others. Among them, the main application of bromine is seen in flame retardants. Going forward, the segment is expected to retain its leading share in the market, albeit reducing it slightly to 32.6% by 2025 by clocking the minimum CAGR of 4.2%

Based on geography, the global bromine market can be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific has emerged as a leader both in terms of growth rate and share in revenue. In 2016, the region contributed a significant 50.0% share in the revenue in the market. The region is also predicted to grow its share vis-à-vis volume mainly on the back of massive demand from China, which accounts for over half the demand for bromine in the region. China is also a major manufacturer of bromine in Asia Pacific.

Application in Water Treatment Drives Market

Bromine primarily finds application in water treatment – be it industrial water treatment or residential and commercial water purification. Bromine also finds application in thwarting formation and growth of bacteria, algae, and odors in swimming pools. The increasing uptake of water treatment chemicals is expected to keep the prospects of the market upbeat in the foreseeable future.

The lead analyst of the TMR report, elaborates further on the opportunities in the global bromine market: “The market for bromide-based technologies to remove mercury emission at coal-fired power plants is an area of potential growth for the industry. Bromide compounds for reducing mercury emissions costs less compared to other materials, namely fluorine-, chlorine-, or iodine-based compounds.”

Health Hazards Posed by Bromine Crimps its Demand

A factor, providing headwind to the global bromine market, is the fact that it is classified as a hazardous waste. Hence, it has to be disposed of carefully so that minimum damage to the environment and humans results. Further, bromine vapor is highly corrosive. The problem becomes aggravated in presence of moisture on account of the formation of acids. Therefore, bromine needs be kept dry during transportation and storage. Bromine, heavier than water, also needs to be transported carefully in properly designed and operated systems to lessen the risk of potentially hazardous imbalances. All these have also served to slow down its market.

Request to download and view full ToC -
https://www.transparencymarketresearch.com/report-toc/28565

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Bromine Market Plying for Significant Growth During 2024 here

News-ID: 797812 • Views:

More Releases from Transparency Market Research Reports

High Purity Quartz Market - Global Industry Report, 2030
High Purity Quartz Market: Introduction Albany, NY - The global high purity quartz market was valued at ~US$ 800 Mn in 2019 and is anticipated to expand at a CAGR of ~6% during the forecast period. The global high purity quartz market is driven by increase in demand for high purity quartz in the global semiconductor industry. Asia Pacific accounts for a major share of the global high purity quartz market,
Smart Remote Control Market: Analysts Expect Robust Growth in 2028
The rise in the use of technology across the globe has hit the shore of remote controls too. On the back of technological advancements, the smart remote control market may gain considerable momentum across the forecast period of 2019 -2028. The shift in consumer preference from cost-effectiveness to convenience is serving as a prominent growth factor for the smart remote control market. Based on technology type, the smart remote control
HYDROGEN SULFIDE SCAVENGERS MARKET TO REACH A VALUE OF ~US$ 655 MN BY 2027: TRAN …
Hydrogen Sulfide Scavengers Market: Key Highlights The global hydrogen sulfide scavengers market was valued at ~US$ 440 Mn in 2018, and is anticipated to expand at a CAGR of ~5% from 2019 to 2027. Increase in crude oil production enhances oilfield operations such as drilling, cementing, production, workover and completion, and well stimulation. This drives the demand for production chemicals such as hydrogen sulfide scavengers. The demand for crude oil is increasing
METAL-ORGANIC FRAMEWORK MARKET TO REACH A VALUATION OF ~US$ 24 MN BY 2027: TRANS …
Metal-organic Framework Market: Introduction In terms of value, the global metal-organic framework market is anticipated to expand at a CAGR of ~11% from 2019 to 2027 Metal-organic framework is a class of porous materials constructed from metal-rich inorganic nodes bonded with organic linkers. The structure provides high density of three-dimensional porous cores with a large surface area, uniform cross-linkages, and tunable porosity. Metal-organic framework possesses excellent absorption rate for hydrogen, water, carbon

All 5 Releases


More Releases for Bromine

Bromine & Derivatives Market 2022 Precise Outlook- ICL, Albemarle, Lanxess, Jord …
The Bromine & Derivatives Market research delivers comprehensive research on the present stage of the market, covers market size with respect to assessment as sales volume, and provides a precise forecast of the market scenario over the estimated period. Also focuses on the product, application, manufacturers, suppliers, and regional segments of the market. Bromine & Derivatives market report research highlights market driving factors, an overview of the market growth, industry
Bromine Market 2020 Analysis by Global Manufacturers –ICL, Yuyuan Group, Jorda …
This report researches the worldwide Bromine market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Bromine breakdown data by manufacturers, region, type and application, also analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis. The global
Bromine Derivatives Market Top Key Players are Honeywell International, Perekop …
Zion Market Research published a new 110+ pages industry research “Bromine Derivatives Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026” is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on the Global Bromine Derivatives Market.
Bromine Market Top Key Participant Chemtura Corporation, Albemarle Corporation, …
The Bromine market is broadly classified based on its end users which are Chemicals, Pharmaceuticals, Automotive, Cosmetics, Pesticides, Textile, Construction, Oil and Gas, Water treatment, Agriculture, Ship building and others. Chemical segment is likely to project growth of over 3.5 % amongst end users during the forecast period. Oil and gas end user is probable to grow due to high demand of Organobromines and clear brine fluids in drilling sector
Global Bromine Market 2017 - Albemarle, Chemtura Corporation, Jordan Bromine Com …
The report studies Bromine in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022 Access Full Report With TOC: https://goo.gl/BQYRp7 The report scrutinizes the Bromine market and gives an intricate examination of its applications. The report includes a cost evaluation analysis of products that are available in the worldwide Bromine market with
Global Bromine Market 2017: ICL, Albemarle, Tosoh, Perekop Bromine, Yuyuan Group …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Bromine market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in need of