September 23, 2020

Bromine Market Analysis with Key Players, Applications, Trends and Forecasts to 2025

The Global Bromine Market is projected to reach a value of over USD 4.4 billion by 2027 at a CAGR of around 4.7%.

Bromine is a naturally occurring element, found in sea, lakes, and underground well. It is the third largest halogen bearing element with atomic number 35. Bromine is widely used as a reactant and catalyst for manufacturing a variety of products, such as agrochemicals, biocides, water disinfectants, pharmaceuticals intermediates, dyes, completion fluids, flame retardants, and photographic chemicals. Dead-Sea is the richest resource of bromine with concentration of 10-12 gram per liter.

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Bromine Market: Drivers & Challenges

Market Driver:

  • Increasing Demand for Flame Retardants

Brominated flame retardants comprise nearly 70 chemical substances with properties that make them ideal for washing machines, computers, radio and televisions. Rapid infrastructural development across the globe is expected to result in the number of construction activities. The use of flame retardants in the construction industry is essential to meet fire safety standards and codes. Moreover, many buildings are now equipped with foam insulation to make buildings more energy-efficient. This becomes vital as energy use in buildings accounts for more than 40% of CO2 emissions. These foams are also highly flammable which makes it important that insulation foams have sufficient flame retardancy. Thus, the bromine used in these foams as a flame retardant helps to slow down the combustion in case of fire accidents. EU countries are focused on the implementation of stringent fire safety regulations in the automotive, electronics, consumer goods, and textile industries. Thus, the increasing demand for flame retardants has expected to boost the global bromine market during forecasted period.

Market Challenges:

  • Toxicological effects of brominated compounds

Brominated substance, such as flame retardant chemicals can find their way into the environment during manufacturing and can leak from products. These retardant chemicals are also released into the environment through e-waste or the uncontrolled burning and dismantling of electronic and electric waste. If exposed or inhaled, these may cause harmful effects in humans and animals such as the endocrine and thyroid disruption, reproductive toxicity, cancer, neurologic dysfunction, and adverse effects on fetal and child development.

Thus, hazardous health effects by inhalation and exposure of flame-retardant chemical is likely to hamper the market growth.

Bromine Market: Key Segments

  • Segmentation based on derivatives: Organobromines, Clear Brine Fluid, Hydrogen Bromides, and Others.
  • Segmentation based on application: Flame Retardants, Mercury Emission Control, Oil & Gas Drilling, BHR Flow Batteries, Water Treatment, Pesticides, and Others
  • Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis.

Bromine Market: Report Scope

The report on the bromine market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

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List of the leading companies operating in the Bromine Market include:

  • Israel Chemicals Ltd (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • ALbemarle Corporation
  • Lanxess Corporation
  • Tosoh Corporation
  • Tetra Technologies, Inc.
  • Gulf Resources Inc.
  • Tata Chemicals Limited
  • Hindustan Salts Limited
  • Honeywell International Inc.
  • Perekop Bromine
  • Gojo Industries, Inc.
  • Other Key Companies

Bromine Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Bromine Market, by Derivatives

  • Organobromines
  • Clear Brine Fluid
  • Hydrogen Bromides
  • Others

Bromine Market, by Application

  • Flame Retardants
  • Mercury Emission Control
  • Oil & Gas Drilling
  • BHR Flow Batteries
  • Water Treatment
  • Pesticides
  • Others

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Bromine Market by Region

  • Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
  • North America (US, Canada, Mexico)
  • Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
  • Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
  • South America (Brazil, Argentina, Rest of South America)

Key Questions Answered By The Report

  • What are the prominent developments affecting the market worldwide and its growth?
  • What will be the impact of the developments in the market on the industry and on the market players in the future?
  • What are the evolving variations of the market globally?
  • What are the evolving functions of the market globally?
  • What are the prominent aspects that will affect market growth globally during the study period?
  • Who are the key players operating in the market across the globe?
  • How are the key players leveraging in the present market scenario worldwide?

Table of Content

    1. Research Objectives
    2. Market Definition
    3. Research Scope
    4. Regional Coverage
    5. Research Timeline
    6. Assumptions
    7. Limitations
    1. Introduction
    2. Primary Research
      1. Key Industry Expert Insight
    3. Secondary Research
      1. Vital Data from Secondary Sources
    4. Market Size Estimation
    5. Data Validation & Triangulation
    1. Introduction
    2. Drivers
      1. Increasing Demand for Flame Retardants
      2. Extensive Consumption of Bromine in Diverse Applications
    3. Restraint
      1. Toxicological Effects of Brominated Compounds
    4. Opportunities
      1. Recycling of Bromine
      2. Increasing Use of Hydrogen Bromide In Flow Batteries
    5. Challenges
      1. Significant Fluctuations in Oil & Gas Prices
    1. Introduction
      1. Power of Buyers
      2. Power of Suppliers
      3. Intensity of Competition
      4. Challenges of Substitutes
      5. Challenges of New Entrants
    2. Macro-Economic Indicators
  6. GLOBAL BROMINE MARKET BY DERIVATIVES, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Organobromines
    3. Clear Brine Fluid
    4. Hydrogen Bromides
    5. Others
  7. GLOBAL BROMINE MARKET BY APPLICATION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. Introduction
    2. Flame Retardants
    3. Mercury Emission Control
    4. Oil & Gas Drilling
    5. BHR Flow Batteries
    6. Water Treatment
    7. Pesticides
    8. Others
  8. GLOBAL BROMINE MARKET BY REGION, Market Size in USD Million and Volume in Kiloton (2019-2027)
    1. North America
      1. US
      2. Canada
      3. Mexico
    2. Asia-Pacific
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of Asia-Pacific
    3. Europe
      1. Germany
      2. France
      3. Italy
      4. UK
      5. Russia
      6. Rest of Europe
    4. Middle East and Africa
      1. Saudi Arabia
      2. UAE
      3. Rest of Middle East and Africa
    5. South America
      1. Brazil
      2. Argentina
      3. Rest of South America
    1. Introduction
    2. Market Ranking/Share Analysis of Key Companies
    3. Company Benchmarking
    1. Israel Chemicals Ltd.
      1. Company Overview
      2. Financial Overview
      3. Products/Solutions/Services Offered
      4. Key Developments
      5. SWOT Analysis
    2. ALbemarle Corporation
    3. Lanxess Corporation
    4. Tosoh Corporation
    5. Tetra Technologies, Inc.
    6. Gulf Resources Inc.
    7. Tata Chemicals Limited
    8. Hindustan Salts Limited
    9. Honeywell International Inc.
    10. Perekop Bromine
    11. Other Key Companies
    1. Key Industry Expert Insights
    2. Primary Discussion Guide
    3. Customization Options

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