Global Bromine Market Size And Volume Estimates Forecasts To 2025 By End User Landscape Consumer Profile Type Clear Brine Fluids Hydrogen Bromidehydrobromic Acid Organobromines Application

Global Bromine Market is projected to grow at a significant CAGR from 2017 to 2025

Bromine is a highly volatile and corrosive chemical element, which is a fuming red brown liquid at room temperature and readily evaporates to form metals at extreme pressures. It is naturally occurring and found in seas, lakes and underground wells. This market has largely been driven by the increased usage of bromine in various applications such as flame retardant, photographic chemical, bleaching & oxidizing chemical, precision cleaning, monomers for specialty polymers, organic intermediates and lot more. The growing demand for flame retardants by textile and electronic industries is anticipated to offer outstanding opportunities for bromine market. The growing consumption of bromine in various industries such as pharmaceuticals, pesticides and water treatment industry is poised to show an impressive growth for the global bromine market. Based on type, the bromine market is segmented into clear brine fluids, hydrogen bromide, hydrobromic acid and organobromines. Organobromine is used as a flame retardant in the electronics and automotive industries. Some of them are also used as biocides in water treatment applications. These biocides prevent the growth of algae, bacteria, and other microorganisms in water. They are used in dyes as well as in the pharmaceutical industry. Drugs containing organobromine ingredients are used for treating pneumonia and cocaine addiction. Due to these factors, organobromines is extensively used worldwide.

The report is designed to provide a complete view on the global Bromine market. The report has been categorised into qualitative and quantitative insights over the forecast period (2017-2025). The demand and supply matrix section falls under the qualitative information category wherein the market dynamics for Bromine market has been studied considering a short term forecast of the factors/ variables which have an impact on Bromine market. The market segments and their respective estimates & forecasts has been covered under the quantitative information category. Regional estimates and forecasts & trend analysis for each country and region is also available in the study. The report concludes by providing the competitive landscape of the major market participants which are profiled by analysing their organic & inorganic growth strategies, regional presence, and product portfolio among others.

Study Technique: Global Bromine Market

The global Bromine market has been studied from the year 2016 till 2025. However, the CAGR provided in the report is from the year 2017 to 2025. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process. The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Bromine market. The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers. Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company’s manufacturing Bromine, and customer analytics.

Global Bromine Market Segmentation

Based on application, the global bromine market is segmented into oil and gas, flame retardants, healthcare, biocides, PTA & fumigant synthesis. Oil & Gas is the fastest-growing market for bromine by application. Oil & gas well drilling applications are gaining momentum, and are expected to become the largest market for bromine. Clear brine fluids are extensively used in the oil & gas drilling industries as completion and workover fluids to mitigate any chances of damage to wellbore. The high demand of oil & gas is the major driver for the massive growth of the bromine market across the globe. In recent times, bromine has also witnessed rapid growth owing to its extensive use as an industrial fumigant for stored products, mills, warehouses, and ships. However, stringent governmental measures regarding the application of brominated flame-retardants in textile and electronic equipment have hindered the market growth but recent introduction of new alternative brominated fire safety products are likely to result in an increase in the demand for this market.

End-User Landscape (Consumer Profile): Bromine Market

Companies such as Chemtura Corporation, Honeywell International Inc, Albemarle Corporation, and Tata Chemicals Ltd., among others are investing extensively in the manufacturing and sale of Bromine, which presents a huge opportunity to Bromine suppliers. The report provides a detailed list of end-users operating across the world. The end-user landscape includes consumer contact details, geographical presence, revenue, product portfolio, organic, and inorganic growth strategies among others.

Competitive Landscape:

Chemtura Corporation, Honeywell International Inc, Albemarle Corporation, Tata Chemicals Ltd., Sanofi S.A., and Tosoh Corporation, among others account for the major share in Bromine market. Companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position. The other companies profiled in the report include: Tetra Technologies Inc., Israel Chemicals Ltd., Hindustan Salts Ltd., and Morre-Tec Industries Inc.

Please note: This is not an exhaustive list of companies profiled in the report.