Pune, India -- (SBWIRE) -- 11/01/2018 -- Market Synopsis of Bromine Market

The global bromine market has seen a tremendous growth over the past decade and it has been experienced that the demand for bromine will keep on increasing owing to its rising use in variety of application areas. Bromine is broadly used as a flame retardant which has made the product very demandable. Industries such as agricultural, oil & gas, pharmaceuticals, chemicals are extensively using bromine for their products. Bromine is an element that exists in the form of red liquid at room temperature. It is the third largest halogen bearing element with atomic number 35. Bromine is widely used catalyst and reactant for production of a variety of products such as biocides, agrochemicals, pharmaceuticals, disinfectants, dyes, flame retardants, and photographic chemicals among others. Dead Sea is considered to have the major source of bromine, whereas the U.S. and Israel are the major producers in the world.

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The growing demand for bromine and its derivatives from the end-user industries such as aerospace, automobiles, oil & gas, textile, pharmaceuticals, and cosmetics among others is substantially driving the growth of the market. However, the threat of substitution along with the environmental concerns relating to the usage of bromine is the major restraints in the growth of the market. Bromines are added to plastic casings for electronics and textiles and furniture foam just to make them less flammable which is one of the major growth driver. Additionally, recycling of bromine is one of the major trend in the global market. Bromine is mostly extracted from the Dead Sea.

Global Top 10 Key Players

The leading market players in the global bromine market include Chemtura Corporation, Albemarle Corporation, Wuhan Golden Fortune Technology & Trade Co, Tata Chemicals, Honeywell International, Tetra Technologies, AquaChina Chemical, Jordan Bromine Company, Tosoh Corporation, Sanofi and others.

Study Objectives of Bromine Market

To provide detailed analysis of the market structure along with forecast for the next 5 years of various segments and sub-segments of the Global Bromine Market
To provide insights about factors affecting the market growth
To analyze the Global Bromine Market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, APAC, and Rest of the World (ROW)
To provide country level analysis of the market with respect to the current market size and future prospective
To provide country level analysis of the market for segment by applications and end users.
To provide strategic profiling of the key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Bromine Market
Segmentation

As per MRFR analysis, the global bromine market has been segmented into:

By Application: Flame retardant, Gasoline additive, Pesticide, Medical and veterinary use and others.
By End-User: Oil & Gas, agricultural, pharmaceuticals, Fire Safety, water treatment and others.
The report for Global Bromine Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

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Regional Analysis

The global bromine market is segmented into five regions: Latin America, the Middle East & Africa, Asia Pacific, North America, and Europe. Among these, Asia is expected to be the fastest growing region at an encouraging CAGR. Growing population and the increasing purchase power in the developing nations are primarily driving the growth of the bromine market. Moreover, the propelling agriculture and the automobile industry in countries such as India and China, is increasing the demand for bromine. Moreover, the growing demand from the oil and gas industry is also adding to the growth of the market in this region owing to its extensive use as drilling fluid. North America is a dominant market and is expected to retain its dominance during the forecast years. The developed industries such cosmetics, automobile, and pharmaceuticals among other is positively affecting the market growth. The European region is expected to show a moderate growth and is mainly driven by a well-developed automobile and cosmetic industry. Moreover, the growing oil & gas drilling activities mainly in Russia are expected to surge the market growth.

Segmental Analysis

The global bromine market is segmented into derivatives, application, and end-user industry. On the basis of the derivatives, the market is segregated into organobromines, clear brine fluid, hydrogen bromides, others. The market by the application is further categorized into flame retardants, mercury emission control, oil and gas drilling, BHR flow batteries, water treatment, pesticides, and others. On the basis of the end use industry, the market is segregated into oil & gas, automotive, agriculture, pharmaceuticals, cosmetics, textiles, and others.