Global Bromine Derivatives Market, By Derivative (Inorganic Bromine Derivatives, and Organic Bromine Derivatives), By Application (Flame Retardant, Mercury Emission Control, Clear Brine Fluids, Organic Intermediate, Industrial, Water Management and Fumigants), By End-Use Industry (Chemical, Agriculture, Pharmaceuticals, Personal Care, Paper & Textiles and Others), By Region (North America, South America, Europe, Asia Pacific, Middle East and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

  • To Be Published : Jul 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

Bromine derivatives are mainly categorized into two segments, inorganic bromine derivative and organic bromine derivatives. Inorganic bromine derivatives mainly includes Calcium Bromide, Potassium Bromide & Sodium Bromide. Organic bromine derivatives includes Ethylene dibromide, Methyl Bromide, Hydrobromic Acid (Hydrogen Bromide), Tetrabromobisphenol A, Decabromodiphenyl Oxide and Octabromodiphenyl oxide.

Market Dynamics

  • Bulk availability of bromine feedstock and increasing oil & gas exploration activities in Asia Pacific, South America, and Africa are creating highly conductive environment for growth of bromine derivatives market in these regions. In addition to this, increasing demand for bromine derivatives in water treatment and Mercury Emission Control by power plants is expected to have positive impact on growth of the market in the near future.
  • However, stringent regulations imposed on use of synthetic bromine derivatives is a major challenge for market growth. For instance, in 2016, European Union (EU) published Regulation 2016/293 prohibiting hexabromocyclododecane, which is a bromine containing flame retardant. It has applications such as filling bean bags, electrical appliances, packaging materials, textile coating additive, and upholstered furniture.

Market Outlook

  • Among application, flame retardant segment accounted for the highest market share in 2017. The segment is expected to lead the market throughout the forecast period (2018-25). Rising fire accidents globally has resulted in increasing demand for bromine based flame retardants. According to the National Fire Protection Association (NFPA), between 2011 and 2015, municipal fire departments in the U.S. responded to an average of 37,910 fires at industrial or manufacturing properties every year with annual losses from these fires estimated at 16 civilian deaths, 273 civilian injures, and US$ 1.2 billion in direct property damage totally.
  • Among end-use industries, chemical segment dominated in the market in 2017. Owing to extensive applications of bromine derivatives in chemical industries, the segment is projected to maintain dominant position in the market over the forecast period.
  • Asia Pacific is projected to be the fastest growing region in the market over the forecast period. Key factors such as bulk availability of Bromine Feedstock, and rapid penetration of Chemical, pharmaceutical, Personal Care companies into emerging economies such as China and India are creating immense opportunities for growth of bromine derivatives market.

Key players in Global Bromine Derivatives Market

  • Key players operating in the global Bromine Derivatives market include Israel Chemicals Limited, Albemarle Corporation, LANXESS (Chemtura Corporation), Jordan Bromine Corporation, Tosoh Corporation, Tata Chemicals Limited, Gulf Resource Inc., TETRA Technologies Inc., Honeywell International Inc., and Perekop Bromine Factory among others.

Market Taxonomy

On the basis of derivative, the global bromine derivatives market is segmented into:

  • Inorganic Bromine Derivative
    • Calcium Bromide & Bromate
    • Potassium Bromide & Bromate
    • Sodium Bromide & Bromate
  • Organic Bromine Derivative
    • Ethylene dibromide
    • Methyl Bromide
    • Hydrobromic Acid
    • Others (Tetrabromobisphenol A, Decabromodiphenyl oxide and octabromodiphenyl oxide etc.)

On the basis of application, the global bromine derivatives market is segmented into:

  • Flame Retardants
  • Mercury Emission Control
  • Clear Brine Fluids
  • Organic Intermediates
  • Industrial
  • Water Treatment
  • Fumigants

On the basis of end-use industry, the global bromine derivatives market is segmented into:

  • Chemicals
  • Agriculture
  • Pharmaceuticals
  • Personal Care
  • Paper & Textile
  • Others (Food, Electronics, Automotive etc.)

On the basis of region, the global bromine derivatives market is segmented into:

  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Europe
    • U.K.
    • Germany
    • Italy
    • Spain
    • France
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • ASEAN
    • Australia
    • Rest of Asia Pacific
  • Middle East
  • Africa

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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