Global Bromine Market Insights, Size and Growth Forecast To 2027

Global Bromine Market by Derivative (Organobromine, Clear Brine Fluids, and Hydrogen Bromide), by Application (Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTa Synthesis and Others), by End-User Industry (Pharmaceuticals, Cosmetics, Textile, Pesticides, Automotive, and Others), and By Region (North America, Europe, Asia Pacific, South America, Middle East, and Africa)

Published: Feb-2020	Report ID: CHEM2004	Pages: 1 - 102	Formats^*:
Category : Chemical & Materials

Global Bromine Market: Overview

Bromine molecule is a volatile red-black liquid at standard temperature and pressure, and its activity is between chlorine and iodine. Pure bromine is also called bromine. Bromine vapors are corrosive and toxic. Bromine and its compounds can used as flame retardants, water purifiers, pesticides, dyes, and more. Bromine and mercury were contained in red medicine water, which was once a commonly used disinfectant. In photography, bromine and iodine and silver compounds act as sensitizers.

Bromine compounds are also very versatile, and silver bromide used as a sensitizer in photography. Bromine can be used in the preparation of pigments and chemical intermediates. The combined use of bromine and chlorine can be used for water treatment and sterilization.

Global Bromine Market: Insights

The global bromine market expected to generate USD 3.5 billion in 2019 and anticipated to reach over USD 4.9 billion, registering a CAGR of 5.14% during the forecast period (2020-2027). The rise in demand for bromine in flame retards, water treatment, and oil & gas drilling likely expected to drive the global bromine market in the upcoming periods. Additionally, the growing consumption in various industries such as the cosmetic industry, textile industry, pharmaceuticals, and Agro-Fumigants estimated to fuel the global bromine market in the upcoming periods. Bromine often used in drug synthesis, such as barbiturates and brominated alkanes, which are required for ring formation. For cephalosporin intermediates, p-nitrobenzyl bromide must added to penicillin V potassium Esterification.

Moreover, the increasing demand for bromine in electronics, semiconductors, water treatment, and agriculture industries, will robust the global bromine market in the future periods. Additionally, the surge in the use of bromine in the preparation of organic bromides and preparation of pigments and chemical intermediates expected to trigger the global bromine market in the projected market. Furthermore, rising demand for bromine to produce bromine-containing vegetable oils, which are used as emulsions in many orange-flavored soft drinks, will propel the bromine market in the forecast periods. Calcium, sodium, and zinc bromides have a place in the bromine market. These salts produce dense compounds in water that can be used as drilling fluids.

The SPER market research report of the bromine market includes all integrated approaches to the growth of the market, along with an accurate & elaborate analysis of the complete competitive situation of this market on a global level. Besides the current analytical & statistical account, the report cloaks the trends market drivers, challenges, potential opportunities, which affect the market. This market report discusses the present situation to predicted trends & aspects of the growth of the bromine market. Furthermore, it gives a dynamic overview & insights related to the market at both global as well as regional scale.

Global Bromine Market: Derivative Insight

Based on the derivative, the global bromine market classified into Organobromine, Clear Brine Fluids, and Hydrogen Bromide. The Organobromine segment accounted for a significant market share in 2019. It would continue to 2027, owing to the growing demand for organobromine in flame retardants, biocides, and water treatment applications, such as the cleaning up of pools and spas. The use of organobromines as intermediaries in the preparation of pharmaceuticals such as nicergoline and brotizolam will fuel the organobromines market.

Global Bromine Market: Application

Based on application, the global bromine market categorized into Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTa Synthesis, and others. The Flame Retardants are likely to lead the market by 2027, due to the massive surge in demand for flame retardants in various industries, such as electronics & consumer goods, building & construction, automotive, textile, rubber, and elastomer.

Global Bromine Market: End-user Industry Insights

Based on the end-user insights, the global bromine market segregated into pharmaceuticals, cosmetics, textile, pesticides, automotive, and others. The pharmaceuticals segment generates maximum revenue by 2027, as bromine would use in drug synthesis, like barbiturates, and brominated alkanes are required for ring formation. For cephalosporin intermediates, p-nitrobenzyl bromide must be added to penicillin V potassium Esterification.

Global Bromine Market: Regional Insight

By geography, the global bromine market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. The Asia Pacific dominates the market owing to the growing demand for bromine in China, Japan, and India, due to growing infrastructural development and upsurge in the disposable income of the middle-class population in these countries have boosted the demand for flame retardants.

The report presents a detailed assessment of the various factors influencing the market's trajectory into 2020 and 2027. It covers all the crucial information of the leading companies operating in the global bromine market. Besides highlighting the product offerings, the report also calculates revenue generated over the period and their position in the market.

REPORT HIGHLIGHTS

Overview of key market forces restraining and propelling market growth.
Provide demand, current & past status & also the forecasting up to 2027.
Provide complete overview including derivative, application, and end-user industry & forecast region.
Provide focused analysis of key manufacturers with their production volume, market share & also help to identify market competition landscape with SWOT analysis.
Historical, current, and projected market size in terms of value.
Analyze the global & regional potential market, advantages, risk & opportunity.
Identify significant factors and trends driving or inhibiting the market growth.
In-depth coverage of the complete market in terms of supplier, buyer, price, trend, growth & forecasting.

THE REPORT COVERS ANALYSIS OF BROMINE MARKET, BY DERIVATIVE

Organobromine
Clear Brine Fluids
Hydrogen Bromide

THE REPORT COVERS ANALYSIS OF BROMINE MARKET, BY APPLICATION

Flame Retardants
Water Treatment
HBr Flow Batteries
Mercury Emission Control
PTa Synthesis
Others

THE REPORT COVERS ANALYSIS OF BROMINE MARKET, BY END-USER INDUSTRY

Pharmaceuticals
Cosmetics
Textile
Pesticides
Automotive
Others

THE REPORT COVERS EXHAUSTIVE ANALYSIS ON

Market Segments
Market Dynamics
Brands in Market
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved
Forecasting
Technology

THE REPORT INCLUDES REGIONAL ANALYSIS ON

North America (Canada, US, Mexico, & Rest of North America Available)
Asia-Pacific (China, India, South Korea, Japan & Rest of Asia Pacific Available)
Europe (Germany, Spain, France, United Kingdom & Rest of Europe Available)
Central & South America (Brazil, Argentina & Rest of South America Available)
Middle East & Africa (GCC Countries, South Africa, & Rest of MEA available)

KEY PLAYERS OF BROMINE MARKET

Israel Chemicals Limited
Albemarle Corporation
LANXESS Corporation
Tosoh Corporation
Tata Chemicals Limited
Gulf Resources Inc.
TETRA Technologies, Inc.
Hindustan Salts Limited
Honeywell International Inc.
Perekop Bromine
Other Prominent Players

Note: The segmentation & companies provided are subject to change/modification as per the availability of data during the final study.

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Market Dynamics

4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Challenges

4.3. COVID-19 Impact of the Bromine Market
4.4. Market Trends

5. Global Bromine Market, By Derivative, 2021-2027 (USD Million)

5.1. Organobromine
5.2. Clear Brine Fluids
5.3. Hydrogen Bromide

6. Global Bromine Market, By Application, 2021-2027 (USD Million)

6.1. Flame Retardants
6.2. Water Treatment
6.3. HBr Flow Batteries
6.4. Mercury Emission Control
6.5. PTa Synthesis
6.6. Others

7. Global Bromine Market, By End User Industry, 2021-2027 (USD Million)

7.1. Pharmaceuticals
7.2. Cosmetics
7.3. Textile
7.4. Pesticides
7.5. Automotive
7.6. Others

8. Global Bromine Market, By End User, 2021-2027 (USD Million)

9. Global Bromine Market, By Geography, 2021-2027 (USD Million)

9.1. North America

9.1.1. US
9.1.2. Canada

9.2. Europe

9.2.1. Germany
9.2.2. UK
9.2.3. France
9.2.4. Italy
9.2.5. Spain
9.2.6. Rest of Europe

9.3. Asia-Pacific

9.3.1. China
9.3.2. Japan
9.3.3. India
9.3.4. Rest of Asia-Pacific

9.4. Rest of the World

9.4.1. Latin America
9.4.2. Middle East & Africa

10. Competitive Landscape

10.1. Introduction
10.2. Market Share Analysis, By Key Players (2019)
10.3. Competitive Scenario

10.3.1. Product Launches
10.3.2. Partnerships, Collaborations and Agreements
10.3.3. Acquisitions
10.3.4. Expansions
10.3.5. Other Developments

11. Company Profiles

11.1. Albemarle Corporation
11.2. Gulf Resources, Inc.
11.3. Hindustan Salts Ltd.
11.4. Honeywell International Inc.
11.5. ICL Group Ltd.
11.6. LANXESS AG
11.7. Satyesh Brinechem Pvt. Ltd.
11.8. Solaris Chemtech Industries Ltd.
11.9. TATA Chemicals Ltd.
11.10. TETRA Technologies, Inc.
11.11. Tosoh Corporation

12. Appendix

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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