Bromine is chemical compound with similar properties that of iodine and chlorine. Bromine derivatives find its applications in chemical synthesis, completion fluids and oil & gas well drilling, beef and poultry processing, paper manufacturing, water purification, and others industrial applications. Growing demand for bromine derivatives in controlling mercury emission coupled with surging end-use industry such as pharmaceutical, agriculture, construction, and chemical industry is to propel the demand for bromine derivatives market over the forthcoming years.
Market Dynamics
Based on application, bromine derivatives market is segmented into flame retardant, organic intermediates, oil & gas drilling, bodices, PTA synthesis, and others. Wherein, flame retardant segment dominated global bromine derivatives market in 2022 and contributed for 47.3% in terms of revenue in the same year, followed by oil & gas drilling application. Moreover, oil & gas drilling application is predicted to record fastest growth of 4.6% during the forecast period (2023 to 2030).
Among region, Asia Pacific accounted for the largest share, in terms of revenue in 2022 and contributed for 51.2% in 2022, followed by North America. The regional growth is driven by the rising demand for bromine derivatives from various end-use industries. The growth of end-use industries is anticipated to act as major driver for increasing the demand for bromine derivatives in the Asia Pacific.
Key features of the study:
- This report provides in-depth analysis of bromine derivatives market and provides market size (US$ Mn and Metric Tons) and cumulative annual growth rate (CAGR %) for the forecast period (2023 – 2030), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global bromine derivatives market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include Israel Chemicals Limited, Albemarle Corporation, Tosoh Corporation, Tata Chemicals Limited, Chemtura Corporation, Jordan Bromine Company, Gulf Resources Inc., Hindustan Salts Limited, and Tetra Technologies Inc.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, technology up gradation, market expansion, and marketing tactics
- The global bromine derivatives market report caters to various stakeholders in this industry including investors, suppliers, Bromine Derivatives manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the bromine derivatives market
Detailed Segmentation:
- Global Bromine Derivatives Market, By Application:
- Flame Retardant
- Organic Intermediates
- Oil & Gas Drilling
- Bodices
- PTA synthesis
- Others
- Global Bromine Derivatives Market, By Derivatives:
- Sodium Bromide
- Calcium Bromide
- Zinc Bromide
- TBBPA
- DBDPE
- Others
- Global Bromine Derivatives Market, By End-use Industry:
- Chemical
- Construction
- Oil & Gas
- Pharmaceutical
- Electronics
- Others
- Global Bromine Derivatives Market, By Geography:
- North America
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- U.K.
- Germany
- Italy
- France
- Russia
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa
- Company Profiles
- Israel Chemicals Limited*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Future Plans
- Albemarle Corporation
- Tosoh Corporation
- Tata Chemicals Limited
- Chemtura Corporation
- Jordan Bromine Company
- Gulf Resources Inc.
- Hindustan Salts Limited
- Tetra Technologies Inc.
