Bromine Market Segmentation, Analysis, Trends and Forecast 2022-2027

by malikmoavia
Bromine Market

Bromine Market Report:

According to IMARC Group latest report titled “Bromine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on bromine market share. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global bromine market reached a value of US$ 3.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2027, exhibiting a CAGR of 4.5% during 2022-2027.

Bromine refers to a chemical element found naturally in the crusts of the Earth and extracted via electrolysis. It is soluble in water and has a deep red color with an intense odor. Bromine is utilized to make organ bromine compounds across the globe. These compounds are extensively used for manufacturing halon fire extinguishers that prevent fire breakouts in places, including airports, museums, and tanks. Bromine is also utilized in surface-cleaning printed circuits and rubber in car tires, film photography, and disinfecting swimming pools. As such, it finds widespread applications across various sectors, such as pharmaceutical, chemical, oil and gas, textiles, electronics, etc.

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Market Trends:

The escalating product demand in the agriculture industry to improve crop yields and cater to the nutritional needs of consumers is among the primary factors driving the bromine market. Besides this, the elevating requirement for this element to prepare over-the-counter (OTC) and prescription drugs and treat chronic diseases and ailments, including thyroid, heart problems, hysteria, hyperactivity, seizures, etc., is further augmenting the market growth. Apart from this, the growing popularity of bromine in the electronics sector for making textiles, water purification compounds, chemical intermediates, fumigants, dyestuffs, furniture foam, and plastic casings is also catalyzing the global market. Moreover, the rising product utilization in the food and beverage (F&B) industry as an emulsifier in drinks is anticipated to propel the bromine market over the forecasted period.

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Albemarle Corporation
  • Chemada Industries Ltd.
  • Gulf Resources Inc.
  • Hindustan Salts Limited
  • Honeywell International Inc.
  • ICL Group Ltd.
  • Jordan Bromine Company Limited
  • Lanxess AG
  • Solaris Chemtech Industries Limited (Agrocel Industries Pvt. Ltd.)
  • Tata Chemicals Limited
  • TETRA Technologies Inc.
  • Tosoh Corporation

Bromine Market Segmentation:

Our report has categorized the market based on region, derivative, application and end user.

Breakup by Derivative:
  • Hydrogen Bromide
  • Organobromine Compounds
  • Bromine Fluids
  • Others
Breakup by Application:
  • Biocides
  • Flame Retardants (FR)
  • Bromine-Based Batteries
  • Clear Brine Fluids (CBF)
  • Others

Breakup by End User:

  • Chemicals
  • Oil and Gas
  • Pharmaceuticals
  • Agriculture
  • Textiles
  • Electronics
  • Others

Breakup by Region:

  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Others)
  • Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
  • Latin America (Brazil, Mexico, Others)
  • Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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