Bromine is a highly volatile and corrosive chemical element, which is a fuming red brown liquid at room temperature and readily evaporates to form metals at extreme pressures.

Portland, OR -- (SBWire) -- 08/09/2017 --It is a halogen having properties of both chlorine and iodine. It is a crystalline mineral halide salt that exists in various types such as hydrogen bromide, organobromine compounds, bromine fluids, and others.

The demand for bromine compounds as a flame retardant has increased significantly owing to its extensive use in domestic and industrial applications. In addition, the demand for brominated flame retardants has increased with applications in consumer electronics such as computers, mobile phones, and television.

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The demand for brine fluids have been projected to witness significant growth owing to their application in drilling wells in the oil and gas industry to reduce the damage of the wellbore and productive zone. Moreover, bromine is also used in water treatment process, which is also expected to increase the growth of the market in the coming years. In recent times, bromine has also witnessed rapid growth owing to its extensive use as an industrial fumigant for stored products, mills, warehouses, and ships. However, stringent governmental measures regarding the application of brominated flame-retardants in textile and electronic equipment have hindered the market growth but recent introduction of new alternative brominated fire safety products are likely to result in an increase in the demand for this market. For instance, in 2016, Albemarle introduced SAYTEX bromine based flame-retardants for electronic and electrical components, insulation foam, and textile as a sustainable alternative to hexabromocyclododecane (HBCD).

Asia Pacific is expected to be the fastest growing market for bromine owing to its increased use in agricultural, residential, and chemical applications. North America is the leading market for flame retardant followed by Europe. Furthermore, increase in construction and the demand for consumer electronics are expected to augment the demand for bromine in developing nations of Latin America and Africa.

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