According to Persistence Market Research’s most recent market projections, the global Bromine market will be valued at US$ 2,826.5 Mn by the end of 2022. The Bromine market is projected to reach US$ 3,689.4 Mn in value by 2033, expanding at a steady CAGR of 2.7%.
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Demand will be impeded by growing regulations and legislations, especially in the European Union (EU), where the use of certain brominated flame retardants is banned or restricted.
Flame retardants will continue to remain the largest application segment. Use of bromine in oil and gas drilling will continue its upward momentum in 2021, growing at a moderate rate in terms of volume – the fastest among all the application segments.
Key Companies-
- Israel Chemicals Limited
- Albemarle Corporation
- Tosoh Corporation
- Tata Chemicals Limited
- LANXESS AG
- Sumitomo Chemical Co. Ltd.
- Perekop Bromine
- Archean Group
- Jordan Bromine Company
- Gulf Resources Inc.
- Hindustan Salts Limited
- Tetra Technologies Inc.
- Shandong Haiwang Chemical Co. Ltd.
- Vinyl KFT