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Global Bromine Market 2019 Present Scenario on Growth Analysis and High Demand to 2024

Bromine Market Overview 2019-2024: Diversely changing Market Trends with Potential Business Growth

According to Market Study Report, Bromine Market provides a comprehensive analysis of the Bromine Market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Bromine Market. An exclusive data offered in this report is collected by research and industry experts team.

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The Bromine Market is projected to grow from US$ 3.3 Billion in 2019 to US$ 4.4 Billion by 2024, at a CAGR of 5.8% from 2019 to 2024. This report spread across 153 Pages, Profiling 10 Companies and Supported with 108 Tables and 43 figures is now available in this research.

Key Players- Israel Chemicals Limited (Israel), Albemarle Corporation (US), LANXESS Corporation (Germany), Tosoh Corporation (Japan), Tata Chemicals Limited (India), Gulf Resources Inc. (China), TETRA Technologies, Inc. (US), Hindustan Salts Limited (India), Honeywell International Inc. (US), and Perekop Bromine (Republic of Crimea).

LANXESS Corporation, in July 2019, announced the completion of its plant expansion of Emerald Innovation 3000. The debottlenecking project increases the sustainable output from 10,000 to 14,000 MT per year. Emerald Innovation 3000 is now being used as a flame retardant for expanded (EPS) and extruded (XPS) polystyrene instead of hexabromocyclododecane (HBCD), which has been banned. This product is manufactured via the bromination of an alternating polystyrene butadiene copolymer.

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LANXESS Corporation, in December 2018, announced its plan to invest EUR 200 million over the next three years, i.e., till 2021, to strengthen its global asset base for flame retardant additives. The company has significantly expanded its market position for flame retardant additives after integrating the former Chemtura businesses with brominated flame-retardant additives, bromine, and bromine derivatives. Due to their high effectiveness as flame retardants, these substances are used in the construction industry. They also complement the already existing LANXESS business of phosphorus-based flame-retardant additives.

Table of Contents in this report:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.3.1 Markets Covered

1.3.2 Years Considered for the Study

1.4 Currency

1.5 Package Size

1.6 Limitations

1.7 Stakeholders

2 Research Methodology

2.1 Market Definition and Scope

2.2 Base Number Calculation

2.2.1 Supply Side Approach

2.3 Forecast Number Calculation

2.4 Market Engineering Process

2.4.1 Top-Down Approach

2.5 Research Data

2.5.1 Secondary Data

2.5.1.1 Key Data From Secondary Sources

2.5.2 Primary Data

2.5.2.1 Key Data From Primary Sources

2.5.2.2 Key Industry Insights

2.5.2.3 Breakdown of Primary Interviews

2.6 Research Assumptions

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities in Bromine Market

4.2 Bromine Market, By Derivative

4.3 Bromine Market in Asia Pacific, By Application and Country

4.4 Bromine Market: Major Countries

5 Market Overview

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.1.1 Growing Use of Bromine in Mercury Emission Mitigation

5.2.1.2 Increasing Demand for Flame Retardants Due to Stringent Fire Safety Framework

5.2.1.3 Extensive Consumption of Bromine in Diverse Applications

5.2.2 Restraints

5.2.2.1 Toxicological Effects of Brominated Compounds

5.2.2.2 Emergence of Non-Halogenated Flame Retardants

5.2.3 Opportunities

5.2.3.1 Recycling of Bromine

5.2.3.2 Increasing Use of Hydrogen Bromide in Flow Batteries

5.2.4 Challenges

5.2.4.1 Significant Fluctuations in Oil & Gas Prices

5.3 Porter’s Five Forces Analysis

5.3.1 Bargaining Power of Suppliers

5.3.2 Threat of New Entrants

5.3.3 Threat of Substitutes

5.3.4 Bargaining Power of Buyers

5.3.5 Intensity of Rivalry

5.4 Macroeconomic Overview and Trends

5.4.1 Introduction

5.4.2 Trends and Forecast of GDP

5.4.3 Trends of Oil & Natural Gas Prices

6 Bromine Market, By Derivative

6.1 Introduction

6.2 Organobromine

6.2.1 Organobromine Derivative Segment Accounted for the Largest Market Share

6.3 Clear Brine Fluids

6.3.1 Clear Brine Fluids Projected to Be the Fastest-Growing Derivative Segment in the Global Bromine Market

6.4 Hydrogen Bromide (HBR)

6.4.1 Growth in the Chemical, Plastics, and Pharmaceutical Industries is Expected to Drive the HBR Derivative Segment

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7 Bromine Market, By Application

7.1 Introduction

7.2 Flame Retardants

7.2.1 Flame Retardants is the Largest Application Segment of the Bromine Market

7.3 Water Treatment

7.3.1 Water Treatment is the Fourth-Largest Application Segment in the Global Bromine Market

7.4 Mercury Emission Control

7.4.1 Mercury Emission Control to Be One of the Fastest-Growing Application Segments in the Bromine Market

7.5 Oil & Gas Drilling

7.5.1 Oil & Gas Drilling Accounted for the Second-Largest Share in the Global Bromine Market

7.6 HBR Flow Batteries

7.6.1 Growing Demand for HBR Flow Batteries in Asian Countries, Such as China & Japan, is Expected to Drive the HBR Application Segment

7.7 Pta Synthesis

7.7.1 Pta Synthesis Was the Third-Largest Application Segment  of the Global Bromine Market

7.8 Pesticides

7.8.1 Growing Demand From Countries Such as China and India is Expected to Drive the Market for Bromine in the Pesticides Application Segment

7.9 Plasma Etching

7.9.1 Plasma Etching is Among the Fastest-Growing Application Segments in the Global Bromine Market

7.1 Pharmaceuticals

7.10.1 High Demand From Pharmaceutical Industry, for Chemical Compounds Manufacturing and Drug Formulations, Drives the Market for Bromine in the Pharmaceuticals Application Segment

7.11 Others

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