Global Bromine Market, 2024-2030

Bromine is a dark reddish-brown fuming liquid with a pungent odor. Denser than water and soluble in water. hence sinks in water. Toxic by inhalation. accelerates the burning of combustible material. It is very corrosive to tissue and to metals. Its properties are thus intermediate between those of chlorine and iodine. It is widely used as a reactant, catalyst, and an element for synthesizing various products such as biocides, water disinfectant, agrochemicals, flame retardants, dyes, photographic chemicals, completion fluids and pharmaceutical intermediates. Bromine is found naturally in a seawater and another water reservoir such as Dead Sea.

Based on derivative bromine is classified into hydrogen bromide, organo bromine compounds, bromine fluids, and others. Organobromine derivative is extensively used as flame retardant in automotive and electronic industry where as ethyl and methyl bromides are used as fumigants in agriculture industry. It has also application in drilling wells in the oil and gas industry to reduce the damage of the wellbore and productive zone. Some of the bromine derivative use as industrial fumigant for stored products, mills, warehouses, and ships.

The global bromine research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global bromine market is growing at a fast pace and increasing its geographical footprint rapidly. The global bromine market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific region due to increase use in agricultural, residential, and chemical applications. The major growth driver for bromine market is the bromine derivative specially organobromine derivative which is extensively used as flame retardant in automotive and electronic industry.

Bromine enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of bromine market globally. The companies that lead global market are Tosoh Corporation, Albemarle Corporation, Morre-Tec Industries Inc., Jordan Bromine Company, Tata Chemicals Limited, Shandong Haiwang Chemical Co., Ltd., Shandong Dadi Salt Chemical Group Co., Ltd and Shandong Ocean Chemical Co., Ltd.Sanofi SA, Aquachina Chemicals, Chemtura Corporation, and Israel Chemicals Limited.

Research Methodology

The research process includes the market segmentation of the global bromine market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global bromine market industry experts from across the global industry. Market Krystal conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global bromine industry dynamics
• Estimation of the present global bromine market size in terms of value and volume
• Global bromine market breakup based on by type and application.
• Substantiated global bromine market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global bromine industry value chain.

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