The Global Market for Bromine is Projected to Reach 886 Thousand Metric Tons by 2022

Innovative Applications and Increasing Demand from Emerging Markets Drive the Global Bromine Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Bromine market. The global market for Bromine is projected to reach 886 thousand metric tons by 2022, driven by the rising demand for oil & gas, growth of automotive and electronics sectors in various countries, as well as increasing demand for disinfectants and fumigants in the water treatment and agriculture industries.

The global market for bromine is witnessing steady growth, driven by rising demand for oil & gas, growth of automotive and electronics sectors in various countries, as well as increasing demand for disinfectants and fumigants in the water treatment and agriculture industries. Outlook for the market remains encouraging despite the enforcement of strict legislations and regulations by governments across the world. Flame retardants are expected to remain the leading application for bromine. Use of bromine in oil & gas drilling is forecast to emerge as the fastest growing application area. Bromine is widely employed as a drilling fluid in the oil and gas industry. Over the last decade, growth in this sector was largely supported by strong investments in oil and gas exploration projects. Bromine demand is also expected to receive a boost from the emergence of innovative applications coupled with rising demand for the element from emerging countries. Flow battery and mercury emission control represent potent new applications with the potential to drive future growth in the bromine market. Increasing use of various derivatives of bromine in applications such as biocides, water treatment, and dyes will also boost growth prospects further. Though bromine finds limited applications in the pharmaceuticals sector, demand is expected to increase in the coming years, given the use of bromine compounds in various clinical trials focused on therapeutics for Alzheimer’s, dementia, STDs, and certain forms of cancer. Despite the opportunities for growth, the market will nevertheless confront challenges such as restrictions on the use of brominated flame retardants, emergence of competing environment friendly alternatives to brominated flame retardants, declining use of DECA and HBCD along with the imminent phase out of methyl bromide.

As stated by the new market research report on Bromine, Asia-Pacific represents the largest and the fastest growing market led by China, India, South Korea, Thailand, Taiwan, Indonesia, Australia and Singapore. China ranks as the major consumer of bromine in the region. The country also ranks as the third largest producer of bromine, following the U.S. and Israel. The expansion of manufacturing industries such as textiles, electronics, and automotive as well as growing demand for biocides in agriculture and water treatment applications represent other major factors spurring growth in the region.

Major players covered in the report include Albemarle Corp., Arab Potash Company, Chemada Fine Chemicals Company Ltd., Chemtura Corp., Biolab Inc., Gulf Resources Inc., Hindustan Salts Limited., Honeywell International Inc., Israel Chemicals Limited, ICL-IP America Inc., Dead Sea Bromine Company Ltd., Jordan Bromine Company Ltd., Ocean Chemical Group, Perekop Bromine, Shouguang Luyuan Salt Chemical Co. Ltd., Solaris ChemTech Ltd., Tata Chemicals Ltd., Tetra technologies Inc., The Dow Chemical Company, and Tosoh Corporation, among others.

The research report titled “Bromine: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, company profiles, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections in Metric Tons for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, South Korea, Taiwan, and Rest of Asia-Pacific), and Rest of World. The global market is also analyzed by the following product segments - Flame Retardants, Drilling Fluids, Organic Intermediates, Water Treatment Chemicals and Others (comprising Agricultural, Industrial, Mercury Control, and Pharmaceutical applications).

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