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Bromine Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMCH21505

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Published on

November 2021

Total pages

217

Table of Content

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About the Report

About the Report

The global bromine market is growing on account of increasing focus on reducing the mercury emission from the environment. A global treaty was signed in United Nations Minamata Convention on mercury In order to reduce the mercury emission and taking other measures to control the supply and trade of mercury as well as mercury added products and manufacturing processes in which mercury is used. Bromine based products can reduce the mercury emissions from coal fired power plants and other industrial installations in excess of 90% therefore it is a crucial part of the solution to meeting the goals of the Minamata Convention. Furthermore, growing demand of bromine flame retardant from large number of industries like consumer appliances, electronics, and textile; large base of application areas, and increasing usage of bromine as a disinfection in the light of COVID-19 are some of the key factors which are driving the market of bromine. Further, bromine as a clear brine solutions is increasingly use in oil & gas sector as they provide high density fluid that are suitable for deepwater production and also for high temperature and high-pressure oil and gas formations.

Based on derivatives, the market is categorized into hydrogen bromide, bromide salts, organobromine, and others. Among these, organobromine held the largest share in the market owing to its large consumptions in the production of flame retardants such as polybrominated diphenyl ethers. Other usages include, pesticides, fumigants, and biocides manufacturing. Polybrominated diphenyl ethers is commonly used in paints, plastics, foam furniture padding, textiles, rugs, curtains, televisions, building materials, airplanes and automobiles.

Based on application, the market is categorized into flame retardants, clear brine fluids, water treatment, catalyst, methyl bromide, and others. Among these, flame retardant category held the largest market share in 2020 and it is expected to hold substantial market share during the forecast period owing to large and increasing demand of flame retardant from vast number of industries including paints & coatings, automotive, textile, consumer appliances, building materials, and electrical & electronics, among others.

For a better understanding of the market adoption of bromine, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), MEA (Saudi Arabia, UAE, and Rest of MEA), South America (Brazil, Argentina, and Rest of South America). Asia Pacific held the considerable market share owing to large base of end use industries in the regional countries like China, Japan, and India, among others. The region is the manufacturing hub of automotive, textile, consumer appliances, paints & coatings, and electrical & electronics owing to which large consumption of bromine as flame retardant. Further, bromine use as a catalyst in the production of telepathic acid (PTA) to manufacture polyester coatings resins for use in the formulation of general metal, appliance, automotive, industrial maintenance, and coil coatings.

Some of the major players operating in the market include Gulf Resources Inc., LANXESS AG, Jordon Bromine Company Limited, Tetra Technologies Inc., Tosoh Corporation, Israel Chemicals Limited, Albemarle Corporation, Solaris Chemtech Industries Limited, Tata Chemicals Limited, and Hindustan Salts Limited.

Products


Companies

Gulf Resources Inc., LANXESS AG, Jordon Bromine Company Limited, Tetra Technologies Inc., Tosoh Corporation, Israel Chemicals Limited, Albemarle Corporation, Solaris Chemtech Industries Limited, Tata Chemicals Limited, and Hindustan Salts Limited

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Limitation

1.3. Stake Holders

1.4. Currency used in Report

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Process of the Bromine Market

2.2. Research Methodology of the Bromine Market

2.3. Forecasting Method

2.4. Respondent Profile

2.5. Main Objective of the Bromine Market Study

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL BROMINE MARKET COVID-19 IMPACT

6 GLOBAL BROMINE MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY DERIVATIVE

7.1. Hydrogen Bromide

7.2. Bromide Salts

7.3. Organobromine

7.4. Others

8 MARKET INSIGHTS BY APPLICATION

8.1. Flame Retardant

8.2. Clear Brine Fluids

8.3. Water Treatment

8.4. Catalyst

8.5. Methyl Bromide

8.6. Others

9 MARKET INSIGHTS BY REGION

9.1. North America Bromine Market

9.1.1. United States

9.1.2. Canada

9.1.3. Rest of North America

9.2. Europe Bromine Market

9.2.1. Germany

9.2.2. France

9.2.3. United Kingdom

9.2.4. Spain

9.2.5. Rest of Europe

9.3. Asia Pacific Bromine Market

9.3.1. China

9.3.2. Japan

9.3.3. India

9.3.4. Australia

9.3.5. Rest of Asia Pacific

9.4. Middle East & Africa

9.4.1. Saudi Arabia

9.4.2. UAE

9.4.3. Rest of Middle East & Africa

9.5. South America

9.5.1. Brazil

9.5.2. Argentina

9.5.3. Rest of South America

10 BROMINE MARKET DYNAMICS

10.1. Market Drivers

10.2. Market Challenges

10.3. Impact Analysis

11 BROMINE MARKET OPPORTUNITIES

12 BROMINE MARKET TRENDS

13 LEGAL & REGULATORY FRAMEWORK

14 DEMAND AND SUPPLY SIDE ANALYSIS

14.1. Demand Side Analysis

14.2. Supply Side Analysis

14.2.1. Top Product Launches

14.2.2. Top Business Partnerships

14.2.3. Top Business Expansions, Investments and Divestitures

14.2.4. Top Merger and Acquisitions

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

16.1. Competitive Landscape

16.1.1. Company Shares, By Revenue

17 COMPANY PROFILED

17.1. Gulf Resources Inc.

17.2. LANXESS AG

17.3. Jordon Bromine Company Limited

17.4. Tetra Technologies Inc.

17.5. Tosoh Corporation

17.6. Israel Chemicals Limited

17.7. Albemarle Corporation

17.8. Solaris Chemtech Industries Limited

17.9. Tata Chemicals Limited

17.10. Hindustan Salts Limited

18 DISCLAIMER

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