Bromine Market Analysis Reports, 2030 | ChemAnalyst

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Bromine Market Analysis Plant Capacity,
Production, Operating Efficiency, Demand
Supply, End-User Industries, Distribution
Channel, Regional Demand, 2015-2030 According
to ChemAnalyst report, Global Bromine Market
Plant Capacity, Production, Operating
Efficiency, Demand Supply, Technology, End Use,
Distribution Channel, Region, Competition,
Trade, Customer Price Intelligence Market
Analysis, 2015-2030, Global Bromine demand stood
at 1.13 Million Tonnes in 2020 and is forecast
to reach 1.812 Million Tonnes by 2030, growing at
a healthy CAGR of 4.85 until 2030. Increasing
demand for flame retardants from construction
and automotive and other areas coupled with the
increasing demand for clear brine fluids from
oil and gas extraction is expected to drive the
demand of bromine during forecast period.
Moreover, the increasing demand of hydrogen
bromide from hydrogen bromide flow batteries
which find application in electric vehicles is
also an influencing factor supporting demand
growth during the forecast period. Bromine is a
halogen element which appears as a red brown
liquid at room temperature. Bromine has various
derivatives including organobromine, clear brine
fluids, hydrogen bromide, etc. Bromine has
application in various areas including flame
retardants, water treatment and biocides, mercury
emission control, hydrogen bromide flow
batteries, pesticides, plasma etching,
pharmaceuticals, and others. Among the above
application areas, the flame retardants segment
dominates the global market due to increasing
awareness and precautions regarding fireproof
infrastructure. Read Full Report Here
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report/bromine-market-584
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• Bromine is basically a halide salt which is
  extracted from brine pools. Bromine and its
  derivatives are used in a large number of
  application areas including flame retardants,
  water treatment and biocides, mercury emission
  control, hydrogen bromide flow batteries,
  pesticides, plasma etching, pharmaceuticals etc.
  In 2020, the spread of COVID-19 in major global
  economies caused nationwide lockdowns which had
  an impact on a number of industries. Construction
  and automotive were among the most affected
  industries during the pandemic. This had an
  impact on the demand of flame retardants for the
  first half of 2020. Therefore, the demand for
  bromine fell during the coronavirus pandemic from
  the flame retardant segment. The demand from
  clear brine fluids which find application in oil
  and gas extraction also fell during the
  coronavirus pandemic. On the other hand, the
  demand from water treatment and biocides segment
  grew during the coronavirus pandemic.
• Bromine is majorly related to flame retardants
  hence the price is directly linked to the
  fluctuations in the demand of construction and
  automotive which are the major consumers of
  flame retardants. In the first half of FY20
  sudden outbreak of novel coronavirus followed by
  fall in in the demand of construction and
  automotive rendered a major downfall in the
  global bromine, hence the prices remained low
  for bromine during the coronavirus pandemic.
  Demand has picked up in the recent quarters and
  is projected to grow due to increasing demand
  from Asia Pacific and North America.
• Regionally, Asia Pacific dominates the Global
  bromine market and holds the largest market
  share in FY20. Asias bromine market is
  anticipated to grow in the economies like China
  due to increasing demand of flame retardants and
  hydrogen bromide flow batteries.
• Major Players
• Israel Chemicals Limited,
• Albemarle Corporation,
• LANXESS Corporation,

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• Tosoh Corporation,
• Tata Chemicals Limited,
• Gulf Resources Inc, and
• TETRA Technologies, Inc.
• Being linked to the construction and automotive
  industry which are the major consumers of flame
  retardants, the global bromine industry has shown
  a robust growth alongside growing population and
  changing consumer preference towards safer
  infrastructure and automotive. China serves as
  the key growth region with sufficiently
  installed capacities for bromine. With new
  competitors emerging across the Asia Pacific
  bromine market, players anticipate that there
  will be sufficient supply demand gaps in future.
  At this, it is extremely important to keep an
  eye which region will grab the biggest market
  share in the upcoming years. said Mr. Karan
  Chechi, Research Director with TechSci Research,
  a research based global management consulting
  firm promoting ChemAnalyst.
• Report Scope
• In this report, global bromine market has been
  segmented into following categories, in addition
  to the industry trends which have also been
  detailed below

Attribute Details
Market size volume in 2020 1.13 million tons
Growth Rate CAGR of 4.85 from 2021 to 2030
Base year for estimation 2020
Historic Data 2015 2019
Forecast period 2022 2030
Quantitative units Revenue in USD million/billion and CAGR from 2021 to 2030
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Report coverage Revenue forecast, demand supply, competitive analysis, competitive landscape, growth factors, and trends
Segments covered By Application (Flame Retardants, Water Treatment and Biocides, Mercury Emission Control, Hydrogen Bromide Flow Batteries, Pesticides, Plasma Etching, Pharmaceuticals) By Derivative (Organobromine, Clear Brine Fluids, Hydrogen Bromide) By Sales Channel (Direct/Institutional Sales, Indirect Sales)
Regional scope North America Europe Asia Pacific South America Middle East Africa
Country scope United States Mexico Canada China India Japan South Korea Taiwan Singapore Germany Belgium France United Kingdom Spain Italy Sweden Austria Saudi Arabia Iran South Africa Brazil Argentina
Key companies profiled Israel Chemicals Limited, Albemarle Corporation, LANXESS Corporation, Tosoh Corporation, Tata Chemicals Limited, Gulf Resources Inc, and TETRA Technologies, Inc.
Customization scope Free report customization with purchase. Addition or alteration to country, regional segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs. Explore purchase options
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