Global Bromine Market Bwc 20077
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Global Bromine Market Size, by Type (Hydrogen Bromide, Organobromine compounds, Bromine Fluids, and Others), Application(Flame Retardant, Biocides, Oil and Gas, Water Treatment, Medical, Plasma Etching, PTA synthesis, Fumigant Synthesis, and Others); By Region (North America, Europe, Asia Pacific, South America, and the Middle East & Africa) Trend Analysis, Competitive Market Share & Forecast, 2016-2026
- Published Date: May 2020
- Report ID: BWC20077
- Available Format: PDF
- Page: 171
Report Overview
Global Bromine Market – Market Forecast
& Trends
The
Global Bromine
Market was prized at USD 3.1
billion in 2019, and it is predictable to reach USD 4.7 billion by 2026, at a
CAGR of 6.2 %, over the forecast period.
The
request for bromine compounds as a flame retardant has augmented meaningfully
due to its extensive use in public and industrial uses. Besides, the demand for
brominated flame-retardants has expanded with applications in customer
electronics such as mobile phones, computers, and television. The request for
brine fluids has been predictable to witness significant development due to
their demand in drilling wells in the oil and gas industry to reduce the harm
of the wellbore and productive zone. Moreover, bromine is also used in the
water treatment process, which is too predictable to surge the development of
the market in the coming years. In recent times, bromine has also observed fast
growth owing to its extensive use as an industrial fumigant for mills, stored
products, warehouses, and ships.
Global Bromine Market – Overview
Bromine
is a chemical that is a fellow of the chemical family, this element used based
on a wide diversity of copied and compounds, and it is mainly used as a fire
retardant or to stop the fire—these blaze retardants utilized as inputs for the
industrial process and products. Bromine is found in seawater and another water
reservoir such as the Dead Sea. It belongs to the halogen group and is the only
liquid nonmetallic element. An unstable part is reddish-brown and is mined from
brine wells, seawater, salt lakes. In saltwater, bromine appears in a minimal
capacity, and it is improved through the cure of seawater with chlorine gas.
There is no need to make the bromine in the laboratory, as it is present
commercially in the market. The bromine gas may cause throat, and eye
irritation, so extreme precautions are taken while handling it.
Growth Drivers
Wide range of applications
Bromine
is a chemical that is a fellow of the chemical family, this element used based
on a wide diversity of copied and compounds, and it is mainly used as a fire
retardant or to stop the fire—these blaze retardants utilized as inputs for the
industrial process and products. Bromine is found in seawater and another water
reservoir such as the Dead Sea. It belongs to the halogen group and is the only
liquid nonmetallic element. An unstable part is reddish-brown and is mined from
brine wells, seawater, salt lakes. In saltwater, bromine appears in a minimal
capacity, and it is improved through the cure of seawater with chlorine gas.
There is no need to make the bromine in the laboratory, as it is present
commercially in the market. The bromine gas may cause throat, and eye
irritation, so extreme precautions are taken while handling it.
Global Bromine Market:
Segmentation
Applying the oil and gas
drilling section is predictable to produce at the highest CAGR during the
forecast period. In contrast, the flame-retardants segment is predictable to
cultivate at a CAGR of 3.2%. The worldwide request for bromine is anticipated
to increase over the estimated period despite it being banned in Europe due to
concerns about its potential health- and environmental- impact. Request for
bromine is expected to be determined chiefly by its practice in the development
of new uses, such as mercury emission control and flow battery. Owing to its
wide-ranging applications, a demand-supply inequity is a probability in the
upcoming.
By the end-use industry, the
bromine market is fragmented into pharmaceuticals, chemicals, oil and gas,
electronics, textiles, and others. The chemical section is predictable to
continue the largest end-use industry for bromine during the prediction
period. This section is anticipated to
witness linear development during the prediction period. In the chemical
end-use section, ‘other chemical manufacturing’ is predictable to see the
uppermost growth, recording a CAGR of 3.7% over the prediction period. Oil and
gas are anticipated to grow due to growing requests for clear brine fluids for
oil and gas drilling. However, the electronics section is expected to witness
sluggish growth due to government rules on the use of brominated
flame-retardants in customer microchip technology.
Based on geography, the
global bromine market is segmented into North America, the Middle East, and
Africa (MEA), Latin America, Europe, Asia Pacific (APAC). Asia Pacific (APAC) is
predicted to be the fastest-growing section during the prediction period. North
America and Europe are mature markets for bromine and are tending towards
restricted ingesting of brominated flame-retardants due to ecological
regulations about its dangerous nature. However, bromine consumption in Latin
America is predicted to grow meaningfully in 2019 due to increasing oil
assessment operations in Mexico.
Global
Bromine Market – Regional Insights
Asia-Pacific region signified
the main regional market for bromine in 2018. The huge demand for organ
bromines is a consequence of the rising need for Zinc-bromine flow batteries
and surge in ingesting of flame retardant products in the region. China is the
fourth-largest producer of bromine, after Israel, Jordan, and the United
States. China accounts for more than 10% of the global bromine manufacture.
Competitive
Landscape
Israel Chemicals Limited (Israel), Albemarle Corporation (U.S.), Tosoh Corporation (Japan), , Tata Chemicals Limited (India), Chemtura Corporation (U.S.), Jordan Bromine Company Limited (Jordan), Gulf Resources Inc. (China), and Hindustan Salts Limited (India), Tetra Technologies Inc. (U.S.), are some of the major manufacturers of bromine in the world.
Recent Development
Ø In September
2019, Israel Chemicals Ltd. announced that it plans to expand its bromine
compounds capacity to approximately 25,000 metric tons annually
Ø 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.
·
By
Type
Ø Hydrogen Bromide
Ø Organobromine compounds
Ø Bromine Fluids
Ø Others
·
By
Application
Ø Flame Retardant
Ø Biocides
Ø Oil and Gas
Ø Water Treatment
Ø Medical
Ø Plasma Etching
Ø PTA synthesis
Ø Fumigant Synthesis
Ø Others
·
By
Region
Ø North America
Ø Europe
Ø Asia Pacific
Ø South America
Ø The Middle East & Africa
The objective of the Study:
Ø To
analyze and forecast the Global Bromine Market size of the market in terms of
value.
Ø To
examine the careful market segmentation and forecast the market size, in terms
of value, based on the region by segmenting.
Ø The Global
Bromine Market segmented into five regions, namely, North America, Europe, Asia
Pacific, Middle East, South America, and their leading countries.
Ø To
outline, categorized, and forecast the Global Bromine Market based on the Type,
Application and By Regional.
Ø To
examine competitive developments like By Type, By Application and By Regional within
the Global Bromine Market.
Ø To
highlight the impact analysis of the factors affecting the market dynamics such
as growth drivers.
Ø To
strategically profile the key players and comprehensively analyze their market
shares along with detailing the competitive landscape for market leaders.
Business Questions Answer by the Report
Ø How will the
market drivers, restraints, and opportunities affect the market dynamics?
Ø What will be the
market size in terms of value and volume and market statistics with a detailed
classification?
Ø Which segment
dominates the market or region, and one will be the fastest - growing, and why?
Ø A comprehensive
survey of the competitive landscape and the market participant players
Ø Analysis of
strategy adopted by the key player and their impact on other players.
Customization Scope for the Client
Client
satisfaction is our first and last priority, and that is why BlueWeave
Consulting offers customization according to Company’s specific needs. The
following customization options are available for the report:
Additional Company Information
Ø With five
additional company detail analysis
Ø Additional
country analysis
Ø Detailed segment
analysis
1.
Research Framework
1.1.
Research Objective
1.2.
Product Overview
1.3.
Market Segmentation
2. Research Methodology
2.1.
Qualitative Research
2.1.1. Primary & Secondary Sources
2.2.
Quantitative Research
2.2.1. Primary & Secondary Sources
2.3.
Market Breakdown & Data
Triangulation
2.3.1. Secondary Research
2.3.2. Primary Research
2.4.
Breakdown of Primary research
respondent, By Region
2.5.
Assumption & Limitation
3. Executive Summary
4.
Global Bromine market Industry Insights
4.1.
Industry Value Chain Analysis
4.2.
DROC Analysis
4.2.1. Growth Drivers
4.2.2. Restraint
4.2.3. Opportunities
4.2.4. Challenges
4.3.
Technological Landscape/Recent
Development
4.4.
Regulatory Framework
4.5.
Company Market Share Analysis, 2019
4.6.
Porter’s Five Forces Analysis
4.6.1. Bargaining Power of Suppliers
4.6.2. Bargaining Power of Buyers
4.6.3. Threat of New Entrants
4.6.4. Threat of Substitutes
4.6.5. Intensity of Rivalry
4.7.
Impact of COVID 19
5.
Global Bromine market Overview
5.1.
Market Size & Forecast by
Value, 2016-2026
5.1.1. By Value (USD Million)
5.2.
Market Share & Forecast
5.2.1. By Type
5.2.1.1. Hydrogen Bromide
5.2.1.2. Organobromine compounds
5.2.1.3. Bromine Fluids
5.2.1.4. Others
5.2.2. By Application
5.2.2.1. Flame Retardant
5.2.2.2. Biocides
5.2.2.3. Oil and Gas
5.2.2.4. Water Treatment
5.2.2.5. Medical
5.2.2.6. Plasma Etching
5.2.2.7. PTA synthesis
5.2.2.8. Fumigant Synthesis
5.2.2.9. Others
5.2.3. By Region
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. Latin America
5.2.3.5. Middle East & Africa
6.
North America Bromine Market
6.1.
Market Size & Forecast by
Value, 2016-2026
6.1.1. By Value (USD Million)
6.2.
Market Share & Forecast
6.2.1. By Type
6.2.2. By Application
6.2.3. By Country
6.2.3.1. United States
6.2.3.2. Canada
7.
Europe Bromine market
7.1.
Market Size & Forecast by
Value, 2016-2026
7.1.1. By Value (USD Million)
7.2.
Market Share & Forecast
7.2.1. By Type
7.2.2. By Application
7.2.3. By Country
7.2.3.1. Germany
7.2.3.2. United Kingdom
7.2.3.3. France
7.2.3.4. Italy
7.2.3.5. Spain
7.2.3.6. Rest of Europe
8.
Asia Pacific Bromine Market
8.1.
Market Size & Forecast by
Value, 2016-2026
8.1.1. By Value (USD Million)
8.2.
Market Share & Forecast
8.2.1. By Type
8.2.2. By Application
8.2.3. By Country
8.2.3.1. India
8.2.3.2. China
8.2.3.3. Japan
8.2.3.4. South Korea
8.2.3.5. Rest of Asia Pacific
9.
Latin America Bromine Market
9.1.
Market Size & Forecast by
Value, 2016-2026
9.1.1. By Value (USD Million)
9.2.
Market Share & Forecast
9.2.1.1. By Type
9.2.1.2. By Application
9.2.1.3. By Country
9.2.1.3.1.
Brazil
9.2.1.3.2.
Mexico
9.2.1.3.3.
Rest of Latin America
10.Middle East & Africa Bromine Market
10.1.
Market Size & Forecast by
Value, 2016-2026
10.1.1.
By Value (USD Million)
10.2. Market Share & Forecast
10.2.1.1. By Type
10.2.1.2. By Application
10.2.1.3. By Country
10.2.1.3.1. Saudi Arabia
10.2.1.3.2. UAE
10.2.1.3.3. South Africa
10.2.1.3.4. Rest of Middle East & Africa
11.Company Profile (Company
Overview, Financial Matrix, Key Product landscape, Key Personnel, Key
Competitors, Contact Address, and Strategic Outlook) *
11.1. Israel Chemicals Limited
11.2. Albemarle Corporation
11.3. Tosoh Corporation
11.4. Tata Chemicals Limited
11.5. Chemtura Corporation
11.6. Jordan Bromine Company Limited
11.7. Gulf Resources Inc.
11.8. Hindustan Salts Limited
11.9. Tetra Technologies Inc.
11.10.
Meso Scale
Diagnostics, LLC
11.11.
Signosis,
11.12.
Other Prominent
Players
* Financial details in
case of unlisted companies will be available as per data availability
**The segmentation and the
companies are subjected to modifications based on in-depth secondary for the
final deliverable.
Market Segmentation
· By Type
Ø Hydrogen Bromide
Ø Organobromine
compounds
Ø Bromine Fluids
Ø Others
· By
Application
Ø Flame Retardant
Ø Biocides
Ø Oil and Gas
Ø Water Treatment
Ø Medical
Ø Plasma Etching
Ø PTA synthesis
Ø Fumigant
Synthesis
Ø Others
· By Region
Ø North America
Ø Europe
Ø Asia Pacific
Ø South America
Ø
The Middle East & Africa
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