Bromine is a reddish brown liquid at room temperature having an unpleasant odor. It is found in nature as organobromide compound or bromide salt in salt lakes, inland seas, sea water, brine wells, rock, and earth’s crust. U.S. and Israel are the major manufacturing hubs for Bromine. It has various applications such as flame retardant, mercury emission control, and water treatment is the significant driver for bromine market.
Challenges faced by the bromine market are the environmental and toxicological effects of bromine. It is highly corrosive to skin and eye irritant. Organic bromides can cause toxicity to various organs such as kidney, liver, and can also cause cancer. Bromine is one of the factors which leads to ozone depletion. Competition from non-halogenated flame retardants such as aluminum hydroxide, and competition with other market players are threats to bromine market. Various strategies such as bromine recycling is introduced to minimize environmental damage.
Bromine Market Taxonomy
On the basis of derivatives, the global bromine market is segmented into:
On the basis of application, the global bromine market is segmented into:
On the basis of end-use, the global bromine market is segmented into:
Increasing demand for organobromines is fairly high due to its use as biocide and flame retardant in various end use industries such as automotive, pharmaceuticals and cosmetics among others. The bromine is widely used as flame retardant, owing to stringent fire safety and infrastructure development. Clear brine fluids is mainly used in oil and gas drilling while hydrogen bromide is widely used in flow batteries.
Bromine Market Outlook
The companies are adopting various organic and inorganic growth strategies to sustain their market position. For instance, Lanxess acquired Chemtura for further business development.
Key Players in the Global Bromine Market
Some of the key players operating in the global bromine market include Israel Chemicals Limited, Albemarle Corporation, Chemtura Corporation, Tosoh Corporation, Tata Chemicals Ltd, Gulf Resources Inc., TETRA Technologies, Inc., Hindustan Salts Limited, Honeywell International Inc., and Perekop bromine.
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