Global Bromine Market Reports give a Key study on the industry status of the Bromine Industry Manufacturer with the specific statistics, meaning, definition, SWOT Analysis, expert opinion, and recent development across the globe. The research report also covers the Market Size, Price, Sales, Revenue, Market share, Gross Margin, growth rate, and cost structure. The report aims to give an additional sample of the latest scenario, economic slowdown, and Covid-19 impact on overall Industry.
The Global Bromine Market size was valued at USD 3.20 Billion in 2022 and is projected to reach USD 4.83 Billion by 2030, growing at a CAGR of 5.13% from 2023 to 2030.
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In the group of halogens, bromine is the third-largest element. It is a red liquid with the atomic number 35 that is solid at room temperature. Bromine is used in many places around the world as a reactant and a catalyst. Bromine is used to make medicines, disinfectants, biocides, agrochemicals, dyes, chemicals for taking photos, and flame retardants. The most bromine comes from the Dead Sea. It is found in Israel and the United States, among other places. People everywhere think that these two places are the most productive. In this way, the growth of the global bromine market is being driven by the rising demand for bromine. End-user industries like oil and gas, textiles, aerospace, cars, cosmetics, and drugs are becoming more interested in this global market. Aside from this, environmental worries about how bromine is used are slowing the growth of the global market in a big way.
There are three parts to the global bromine market: applications, derivatives, and industries that use bromine. Most people think that the organobromides derivatives will have the biggest share of the global market. Also, over the next few years, the goal for this segment was to have the highest CAGR.
Competitive Landscape and Global Market Share Analysis:
ICL Group Limited (Israel), Albemarle Corporation (US), LANXESS AG (Germany), Tosoh Corporation (Japan), TATA Chemicals Limited (India), Gulf Resources Inc. (China), TETRA Technologies Inc. (US), Solaris Chemtech Industries Ltd. (India), Honeywell Interna, Others
Market Segmentation:
By Derivatives:
- Hydrogen bromides
- Organobromines
- lear brine fluid
By Applications:
- Oil and gas drilling,
- Pesticides,
- Flame retardants,
- Mercury emission control,
- BHR flow batteries,
- Water treatment,
- Others
By End-users:
- Agriculture
- Textiles
- Pharmaceuticals
- Oil & gas
- Automotive
- Cosmetics
The report on the Bromine market covers the following region (country) analysis:
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
Regional Insights:
The latest market survey by CDI shows that China is likely to be the country that uses the most bromine and its derivatives. More than half of all bromine and its derivatives are made in the chemical and oil and gas industries. China should have a strong demand over the next few years because the chemical industry is the biggest user.
Because there are so many chemical companies in China, it is known as the center of the chemical industry. Over the next few years, the country is expected to create a huge opportunity for the global bromine industry because businesses that use bromine are expected to grow. The country’s manufacturers should be able to make enough to meet most of the needs of the country.
But the country has to rely on imports from the MEA region, especially from Jordan and Israel, which are close to the Dead Sea, which has the largest bromine reserve in the world.
Following are the major TOC of the Bromine Market:
Chapter 1: Bromine Market Overview
Chapter 2: Global Economic Impact on Industry
Chapter 3: Global Bromine Market Competition by Manufacturers
Chapter 4: Global Production, Profits (Value) by Region
Chapter 5: Global Supply (Production), Import, Export, Consumption, by Regions
Chapter 6: Global Price Trend by Type, Revenue (Value), Production
Chapter 7: Manufacturing Cost Analysis
Chapter 8: Global Market Analysis by Application
Chapter 9: Industrial Chain and Downstream Buyers, Sourcing Strategy
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Global Bromine Market Forecast
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Key Reasons to Purchase Bromine Market report:
The report provides a thorough examination of the manufacturing methods, as well as ideas to reduce development risk, major market growth challenges and strategic inputs to overcome the market threats.
In-depth market analysis and an overview of the global Bromine Market trend and commercial landscape are included in the report. In addition, the report discusses the effect of COVID-19 on the market.
Reader can acquire a better interpretation of the Bromine Market forecast’s future view and opportunities from the report.
The report contains an analysis of recent developments as well as profiles of important market leaders and key players.
To gain an understanding of the market strategies by the leading market players in the Bromine
The report analyses the most important driving and restraining factors in the industry, as well as their impact on global market growth.
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