According to a market report by Lucintel, the future of the bromine market looks promising with opportunities in the flame retardants, water treatment, HBr flow batteries, oil & gas drilling, pharmaceuticals & cosmetics, agriculture, mercury emission control, PTA synthesis, and plasma etching industries. The bromine market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are growing use of bromine in mercury emission mitigation, increasing demand for flame retardants due to stringent fire safety framework, and extensive consumption of bromine in diverse applications.
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Within the bromine market, flame retardants, water treatment, HBr flow batteries, oil & gas drilling, pharmaceuticals & cosmetics, agriculture, mercury emission control, PTA synthesis, and plasma etching are the major end use industries. Flame retardant is the largest end use segment for bromine.
Organobromines, clear brine fluids, and hydrogen bromide are the major derivative type of the bromine market.
Asia Pacific will remain the largest region over the forecast period due to easy availability of raw materials and increasing number of new production facilities.
Israel Chemical Ltd, Albemarle Corporation, Chemtura Corporation, Tosoh Corporation , Tetra Technologies Inc, Gulf Resources Inc., Tata Chemical Ltd, Hindustan Salts Ltd. , And Perekop Bromine are among the major manufacturers of bromine.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the bromine market by end use industry, derivative type, and region. Lucintel has prepared a comprehensive research report entitled "Bromine Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the bromine market by end use industry, derivative type, and region as follows:
By Derivative Type [$M shipment analysis for 2013 – 2024]:
Organobromines
Clear Brine Fluids
Hydrogen Bromide
By End Use Industry [$M shipment analysis for 2013 – 2024]:
Flame Retardants
Water Treatment
HBr Flow Batteries
Oil & Gas Drilling
Pharmaceuticals & Cosmetics
Agriculture
Mercury Emission Control
PTA Synthesis
Plasma Etching
Others
By Region [$M shipment analysis for 2013 – 2024]:
North America
Europe
Germany
Spain
France
United Kingdom
Russia
Asia Pacific
China
Japan
India
South Korea
Thailand
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/bromine-market.aspx or helpdesk@lucintel.com.
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