The global bromine market was valued at US$ 2.22 billion in 2017 and is expected to reach US$ 4.09 Billion by 2025, witnessing a CAGR of 8.07% over the forecast period (2018 - 2025), according to Bromine Market Report, by Derivative Type (Organobromides, Clear Brine Fluids, Hydrogen Bromide, and Others), by Application (Flame Retardants, Mercury Emission Control, Oil and Gas Drilling, Hydrogen Bromide Flow Batteries, Water Treatment, PTA Synthesis, Pesticides, and Others), and by End-use Industry (Automotive, Agriculture, Pharmaceuticals, Cosmetics, Textile, and Others) published by Coherent Market Insights. Bromine is a red-brown colored fuming liquid, which is highly reactive between iodine and chlorine. It is obtained naturally as bromine salt found in sea water, earth’s crust or brine wells. The demand for brominated flame retardants is increasing in consumer products applications such as building materials, electrical goods, and furniture. According to Central Pollution Control Board (CPCB), brominated flame retardants (BFR) are widely consumed and BFR accounted for 23% of the global consumption in 2012 and is expected to increase rapidly due to its high performance and efficiency.
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