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Bromine Market Analysis Reports, 2030 | ChemAnalyst

Bromine Market demand stood at 1.13 Million Tonnes in 2020 and is forecast to reach 1.812 Million Tonnes by 2030, growing at a healthy CAGR of 4.85% until 2030. Bromine is a halogen element that appears as a red-brown liquid at room temperature. Bromine has various derivatives including organo Bromine, clear brine fluids, hydrogen bromide, etc. Bromine has application in various areas including flame retardants, water treatment and biocides, mercury emission control, hydrogen bromide flow batteries, pesticides, plasma etching, pharmaceuticals, and others.

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Bromine Market Analysis Reports, 2030 | ChemAnalyst

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  1. Bromine Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Distribution Channel, Regional Demand, 2015-2030 According to ChemAnalyst report, “Global Bromine Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, Global Bromine demand stood at 1.13 Million Tonnes in 2020 and is forecast to reach 1.812 Million Tonnes by 2030, growing at a healthy CAGR of 4.85% until 2030. Increasing demand for flame retardants from construction and automotive and other areas coupled with the increasing demand for clear brine fluids from oil and gas extraction is expected to drive the demand of bromine during forecast period. Moreover, the increasing demand of hydrogen bromide from hydrogen bromide flow batteries which find application in electric vehicles is also an influencing factor supporting demand growth during the forecast period. Bromine is a halogen element which appears as a red brown liquid at room temperature. Bromine has various derivatives including organobromine, clear brine fluids, hydrogen bromide, etc. Bromine has application in various areas including flame retardants, water treatment and biocides, mercury emission control, hydrogen bromide flow batteries, pesticides, plasma etching, pharmaceuticals, and others. Among the above application areas, the flame retardants segment dominates the global market due to increasing awareness and precautions regarding fireproof infrastructure. Read report/bromine-market-584 Full Report Here: https://www.chemanalyst.com/industry- www.chemanalyst.com sales@chemanalyst.com

  2. Bromine is basically a halide salt which is extracted from brine pools. Bromine and its derivatives are used in a large number of application areas including flame retardants, water treatment and biocides, mercury emission control, hydrogen bromide flow batteries, pesticides, plasma etching, pharmaceuticals etc. In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries. Construction and automotive were among the most affected industries during the pandemic. This had an impact on the demand of flame retardants for the first half of 2020. Therefore, the demand for bromine fell during the coronavirus pandemic from the flame retardant segment. The demand from clear brine fluids which find application in oil and gas extraction also fell during the coronavirus pandemic. On the other hand, the demand from water treatment and biocides segment grew during the coronavirus pandemic. Bromine is majorly related to flame retardants hence the price is directly linked to the fluctuations in the demand of construction and automotive which are the major consumers of flame retardants. In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of construction and automotive rendered a major downfall in the global bromine, hence the prices remained low for bromine during the coronavirus pandemic. Demand has picked up in the recent quarters and is projected to grow due to increasing demand from Asia Pacific and North America. Regionally, Asia Pacific dominates the Global bromine market and holds the largest market share in FY20. Asia’s bromine market is anticipated to grow in the economies like China due to increasing demand of flame retardants and hydrogen bromide flow batteries. Major Players: •Israel Chemicals Limited, •Albemarle Corporation, •LANXESS Corporation, www.chemanalyst.com sales@chemanalyst.com

  3. •Tosoh Corporation, •Tata Chemicals Limited, •Gulf Resources Inc, and •TETRA Technologies, Inc. “Being linked to the construction and automotive industry which are the major consumers of flame retardants, the global bromine industry has shown a robust growth alongside growing population and changing consumer preference towards safer infrastructure and automotive. China serves as the key growth region with sufficiently installed capacities for bromine. With new competitors emerging across the Asia Pacific bromine market, players anticipate that there will be sufficient supply demand gaps in future. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst. Report Scope: In this report, global bromine market has been segmented into following categories, in addition to the industry trends which have also been detailed below: Attribute Details Market size volume in 2020 1.13 million tons Growth Rate CAGR of 4.85% from 2021 to 2030 Base estimation year for 2020 Historic Data 2015 – 2019 Forecast period 2022 – 2030 Quantitative units Revenue in USD million/billion and CAGR from 2021 to 2030 www.chemanalyst.com sales@chemanalyst.com

  4. Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends Report coverage By Application (Flame Retardants, Water Treatment and Biocides, Mercury Emission Control, Hydrogen Bromide Flow Batteries, Pesticides, Plasma Etching, Pharmaceuticals) Segments covered By Derivative (Organobromine, Clear Brine Fluids, Hydrogen Bromide) By Sales Channel (Direct/Institutional Sales, Indirect Sales) North America; Europe; Asia Pacific; South America; Middle East & Africa Regional scope United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina Country scope Israel Corporation, Tosoh Corporation, Tata Chemicals Limited, Gulf Resources Inc, and TETRA Technologies, Inc. Chemicals Limited, Albemarle Corporation, LANXESS Key profiled companies Customization scope Free report customization with purchase. Addition or alteration to country, regional & segment scope. Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options About Us ChemAnalyst is a subsidiary of Techsci Research, which was established in 2008, and has been providing exceptional management consulting to its clients across the globe for over a decade now. For the past four years, ChemAnalyst has been a prominent provider of Chemical commodity prices in more than 15 countries. We are a team of more than 100 Chemical Analysts who are committed to provide in- depth market insights and real-time price movement for 300+ chemical and petrochemical products. ChemAnalyst has reverberated as a preferred pricing supplier among Procurement managers and Strategy professionals worldwide. On our platform, we provide an algorithm-based subscription where users can track and compare years of historical data and prices based on grades and incoterms (CIF, CFR, FOB, & EX-Works) in just one go. www.chemanalyst.com sales@chemanalyst.com

  5. The ChemAnalyst team also assists clients with Market Analysis for over 1200 chemicals including assessing demand & supply gaps, locating verified suppliers, choosing whether to trade or manufacture, developing Procurement Strategies, monitoring imports and exports of Chemicals, and much more. The users will not only be able to analyze historical data for past years but will also get to inspect detailed forecasts for the upcoming years. With access to local field teams, the company provides high-quality, reliable market analysis data for more than 40 countries. ChemAnalyst is your one-stop solution for all data-related needs. We at ChemAnalyst are dedicated to accommodate all of our world-class clients with their data and insights needs via our comprehensive online platform. Contact Us: Nilesh Vishwakarma B-44 Sector-57 Noida, National Capital Region Mob: +91 8882805349 Email: sales@chemanalyst.com Website: https://www.chemanalyst.com/ www.chemanalyst.com sales@chemanalyst.com

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