Bromine Market Basic Information, Manufacturing Base and Competitors 2017-2025

1. Bromine Market Basic Information, Manufacturing Base and Competitors 2017- 2025 Global Bromine Market: Snapshot Established global behemoths wield a substantial control over the bromine market, worldwide. Their dominant position is a result of their massive manufacturing capacities and significant geographical outreach. Armed with substantial technological and financial resources, the companies have been nimbly adapting to various market changes. In order to bolster their positions further, these companies have been leveraging astute pricing policies and product development. Bromine and its derivatives are increasingly finding application in lessening mercury emissions from smokestacks of coal-fired plants that poses hazard to human health. In fact, many governments and other authorities already have regulations in place to arrest mercury emission. This in turn has provided a fillip to the global bromine market. Besides, bromine is also used in water treatment – be it industrial water treatment or residential or commercial water purification. This is another growth driver in the market. Negatively impacting its market, on the other hand, is the fact that bromine is a hazardous waste, which has to be disposed of carefully so as to cause minimum damage to the environment and humans. 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. A report by Transparency Market Research, forecasts the global bromine market to expand at a lackluster CAGR of 5.0% from 2017 to 2025, to become worth US$2.674 bn by 2025 from US$1.74 in 2016. Request https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2 8565 A Sample- Unabated Oil and Gas Drilling Activities to Stoke Maximum Growth in Drilling Fluids The global bromine market can be divided into flame retardants, drilling fluids, biocides, catalysts, water treatment, etc. based on its different applications. Of them, the segment of flame retardants accounts for maximum market share. 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%. This is because, bromine, which is used to manufacture brominated flame retardants (BFR) which is

2. added to a wide array of products, ranging from textiles, plastics, and electrical/electronic equipment, is being banned or restricted on account of its ill- effects on human health. This is proving a major impediment to the growth in the global bromine market. Another major application of bromine is as clear brine fluids in drilling fluids. With oil and gas drilling activities showing little signs of slowing down in the near future, despite oversupply, the segment is slated to clock continued growth as they are used in the completion process of oil and gas extraction. The segment is expected to register a CAGR of 5.4% from 2017 to 2025. Vis-à-vis growth rate, however, water treatment application is anticipated to surpass all other applications by registering a CAGR of 6.1% between 2017 and 2025. Purchase https://www.transparencymarketresearch.com/checkout.php?rep_id=28565&ltype=S A Report- Powered by Demand from China, Asia Pacific Leads Market From a geographical standpoint, Asia Pacific leads the global bromine market both in terms of growth pace and share in revenue. In 2016, the region contributed a significant 50.0% share in the revenue in the market. The region is predicted to grow its leading share vis-à-vis volume in the near future mainly on the back of massive demand from China, which accounts for over half the demand for bromine in the region. North America and Europe are mature markets and demand for bromine is low in Latin America and the Middle East and Africa. Israel, China, the U.S., and Jordan are the major manufacturers of bromine. 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. Expanding Array of Applications in Bromine Market Keeps Opportunities Fervent The use of bromine has expanded steadily since it was discovered. The growing array of applications of bromine and bromine compounds has underpinned the prospects in the bromine market. In sync with this trend, production of commercial brominated products have risen in the developing and developed world over the past few decades. Some of the foremost applications that drive revenue growth are agriculture, photography, healthcare, and water purification. In healthcare, drug makers have used bromine compounds to develop wide range of OTC medicines and prescription drugs. In recent times, players in the bromine market are realizing vast revenue potential from

3. the ongoing research and development for developing drugs for cancer, AIDS, and the Alzheimer’s. Another emerging application is the incredible avenue in the electric vehicle industry, where bromine compounds are being viewed as an attractive contender for battery making. Perhaps a large chunk of revenues have come from the use of bromine as a water disinfectant especially in large and small public drinking- water plants. However, the use of the compound in purification of potable water for residential application is limited, due to cost constraints. Ongoing research in microbiocidal efficacy of bromine along with advances in water disinfestation equipment is spurring the growth prospects in the bromine market. In wake of outbreaks in early 2020 to mid-2020, the pandemic drew concerted action from governments around the world. The healthcare systems had sprung into action and governments in numerous countries were proactive to impose restrictions that could contain the spread of the virus. However, the second wave of Covid-19 pandemic has been fiercer than expected in some regions. The mortality in affected people has unleashed disruptions to economies and health systems have been severely impaired. The surge in cases in some regions has led to a deep chasm in the demand and supply and demand dynamics. On the other hand, seeing the substantial gap between supply and demand for essential products such as oxygen cylinders, raw materials for vaccines, and protective equipment has spurred new opportunities to manufacturers. All these trends are expected to shape the expansion of the bromine market. Get Trending Report- https://www.prnewswire.com/news-releases/developing-economies-to-bring- good-growth-prospects-for-the-ultra-high-purity-anhydrous-hydrogen-chloride-hcl-gas-market- transparency-market-research-301328000.html