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Bromine Market Growth Analysis 2021

The Global Bromine Market was prized at USD 3.1 billion in 2019, and it is predictable to reach USD 4.7 billion by 2026, at a CAGR of 6.2 %, over the forecast period.<br><br>

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Bromine Market Growth Analysis 2021

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  1. Global Bromine Market Size, by Type, Trend Analysis, Competitive Market Share & Forecast 2020-2027

  2. Bromine Market - Industry Trends & Forecast Report 2027 The Global Bromine Market was prized at USD 3.1 billion in 2019, and it is predictable to reach USD 4.7 billion by 2026, at a CAGR of 6.2 %, over the forecast period. The request for bromine compounds as a flame retardant has augmented meaningfully due to its extensive use in public and industrial uses. Besides, the demand for brominated flame-retardants has expanded with applications in customer electronics such as mobile phones, computers, and television. The request for brine fluids has been predictable to witness significant development due to their demand in drilling wells in the oil and gas industry to reduce the harm of the wellbore and productive zone. 

  3. Growth Drivers  Wide range of applications Bromine is a chemical that is a fellow of the chemical family, this element used based on a wide diversity of copied and compounds, and it is mainly used as a fire retardant or to stop the fire—these blaze retardants utilized as inputs for the industrial process and products. Bromine is found in seawater and another water reservoir such as the Dead Sea. It belongs to the halogen group and is the only liquid nonmetallic element. An unstable part is reddish-brown and is mined from brine wells, seawater, salt lakes. In saltwater, bromine appears in a minimal capacity, and it is improved through the cure of seawater with chlorine gas. There is no need to make the bromine in the laboratory, as it is present commercially in the market. The bromine gas may cause throat, and eye irritation, so extreme precautions are taken while handling it.

  4. Global Bromine Market: Segmentation Applying the oil and gas drilling section is predictable to produce at the highest CAGR during the forecast period. In contrast, the flame-retardants segment is predictable to cultivate at a CAGR of 3.2%. The worldwide request for bromine is anticipated to increase over the estimated period despite it being banned in Europe due to concerns about its potential health- and environmental- impact. Request for bromine is expected to be determined chiefly by its practice in the development of new uses, such as mercury emission control and flow battery. Owing to its wide-ranging applications, a demand-supply inequity is a probability in the upcoming.

  5. Global Bromine Market – Regional Insights Asia-Pacific region signified the main regional market for bromine in 2018. The huge demand for organ bromines is a consequence of the rising need for Zinc-bromine flow batteries and surge in ingesting of flame retardant products in the region. China is the fourth-largest producer of bromine, after Israel, Jordan, and the United States. China accounts for more than 10% of the global bromine manufacture. Sample Copy of the Report: https://www.blueweaveconsulting.com/report/global-bromine-market-bwc-20077/report-sample

  6. Competitive Landscape Israel Chemicals Limited (Israel), Albemarle Corporation (U.S.), Tosoh Corporation (Japan), , Tata Chemicals Limited (India), Chemtura Corporation (U.S.), Jordan Bromine Company Limited (Jordan),  Gulf Resources Inc. (China), and Hindustan Salts Limited (India), Tetra Technologies Inc. (U.S.),  are some of the major manufacturers of bromine in the world.

  7. Recent Developments •   In September 2019, Israel Chemicals Ltd. announced that it plans to expand its bromine compounds capacity to approximately 25,000 metric tons annually. •   LANXESS Corporation, in December 2018, announced its plan to invest EUR 200 million over the next three years, i.e., till 2021, to strengthen its global asset base for flame retardant additives.

  8. About Us: Blueweave Consulting offers a one-stop solution for your market intelligence needs for any service or product. You get well-researched comprehensive reports based on qualitative and quantitative data to put your business plan into action. Your well-informed and timely decisions using our reports avert situations of excessive risks and help you grow your business with optimum risk-return trade-off. Delivering quality insights into several product or service markets within the timeline as per the needs of the clients has earned BWC an excellent reputation among clients. BWC strives to provide timely and accurate digital market intelligence services for making your business endeavors successful.

  9. Contact Us:  +1 866 658 6826 +1 425 320 4776 +44 1865 60 0662  info(@)blueweaveconsulting.com  www.blueweaveconsulting.com

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