New York, According to a new market research report published by Global Insight Services “Bromine Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Bromine is a halogen element with the symbol Br and atomic number 35. A heavy, volatile, reddish-brown liquid at room temperature, bromine is a fumigant with a strong, disagreeable odor, and is frequently used as a disinfectant or a sedative. Bromine compounds are used as flame retardants, in agriculture, in medicine, and as pesticides.
Bromine is produced by electrolysis of brine solutions. The major commercial source of bromine is the Dead Sea in Israel. Other sources include the Great Salt Lake in the United States, the Sea of Galilee in Israel, and various lakes in Russia.
Bromine is used in a variety of applications, the largest of which is as a flame retardant. Bromine-containing flame retardants are used in a variety of products, including plastics, textiles, electronics, and automobiles. Bromine is also used as a disinfectant and an insecticide.
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Key Players
- ICL Group Limited
- Albemarle Corporation
- LANXESS AG
- Tosoh Corporation
- TATA Chemicals Limited
- Gulf Resources Inc.
- TETRA Technologies, Inc.
- Solaris Chemtech Industries Ltd.
- Honeywell International Inc.
Key Trends and Drivers
Bromine is used in a wide variety of applications, including as a disinfectant, flame retardant, and in the production of dyes and pharmaceuticals.
One of the key trends in the bromine market is the increasing use of bromine-based flame retardants. Bromine-based flame retardants are effective in reducing the flammability of a wide range of materials, including plastics, textiles, and electronics. They are used in a variety of applications, such as in the automotive and construction industries.
Another key trend in the bromine market is the increasing demand for bromine from the Asia-Pacific region. The region is expected to continue to be the largest market for bromine, due to the growing demand from the flame retardant and water treatment industries.
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Market Segments
By Derivatives
- Organobromine
- Clear Brine Fluids (CBF)
- Hydrogen Bromide
By Application
- Biocide
- Flame Retardant
- Oil & Gas Drilling
- Plasma Etching
- PTA Synthesis
- Fumigant Synthesis
- Others
By End-Use
- Oil & Gas
- Chemicals
- Agricultural & Pesticides
- Building & Construction
- Water Treatment
- Others
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