Report Id: SNS/C&M/2336 | July 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Bromine Market Size was valued at USD 3.4 billion in 2021, and is expected to reach USD 4.76 billion by 2028, and grow at a CAGR of 5.7% over the forecast period 2022-2028.
Bromine is a chemical element that is very volatile and corrosive. It is a reddish-brown liquid that gives off fumes at room temperature and easily evaporates to form metals at high pressures. It is a halogen that is like both chlorine and iodine in some ways. It is a crystalline mineral halide salt that comes in many forms, such as hydrogen bromide, organobromine compounds, bromine fluids, and others.
Bromine is the third-largest element with halogens. At room temperature, it is a red liquid with the atomic number 35. Bromine is used as a reactant and catalyst in many places around the world. Bromine is used to make medicines, disinfectants, biocides, agrochemicals, dyes, chemicals for taking pictures, and flame retardants. The Dead Sea is the largest source of bromine. It is found in places like Israel and the United States. People around the world think that these two places produce the most. In this way, the growing demand for bromine is driving the growth of the global bromine market. End-user industries like oil and gas, textiles, aerospace, cars, cosmetics, and pharmaceuticals are becoming more interested in this global market. Aside from this, environmental concerns about how bromine is used are slowing the growth of the global market in a big way.
Market Dynamics:
Drivers:
More bromine compounds are being used to reduce mercury emissions.
Increasing use of bromine compounds to reduce mercury emissions
Growing use of bromine compounds to reduce mercury emissions
Restraints:
Changes in oil and gas prices that are big
Opportunity:
Changes in oil and gas prices that are very noticeable
There are big changes in oil and gas prices.
Use of bromine as a disinfectant has grown quickly.
Challenge:
Effects of brominated compounds on health
Impact of Covid-19:
People are staying home because of the pandemic, which has hurt the growth of many marketing sectors. One of them is the global bromine market, which has lost a lot of money because of the lockdown. The global pandemic has stopped for a while in the first half of 2020. This has caused a lack of workers, a lack of materials, problems with health and safety, and other problems. During this time of pandemic, investors have also left the world market.
So, the bromine market overview report says that the major players are using a variety of strategies to meet customers' needs, such as introducing new technologies. The global pandemic has slowed down the growth of the global market for a while, but it can't do so for much longer. At the moment, the growth of the global market has been helped by the involvement of more key players.
Key Players:
LANXESS AG, TETRA Technologies, Inc., ICL Group Ltd., TATA Chemicals Ltd., Albemarle Corporation, Solaris Chemtech Industries Ltd., Hindustan Salts Ltd., Tosoh Corporation, Honeywell International Inc., Satyesh Brinechem Pvt. Ltd., and other players.
Market Segment:
By Derivatives:
Hydrogen bromides,
Organobromines
Clear 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
Regional Analysis:
People are staying home because of the pandemic, which has hurt the growth of many marketing sectors. One of them is the global bromine market, which has lost a lot of money because of the lockdown. The global pandemic has stopped for a while in the first half of 2020. This has caused a lack of workers, a lack of materials, problems with health and safety, and other problems. During this time of pandemic, investors have also left the world market.
So, the bromine market overview report says that the major players are using a variety of strategies to meet customers' needs, such as introducing new technologies. The global pandemic has slowed down the growth of the global market for a while, but it can't do so for much longer. In the present situation, the growth of the global market has been helped by the involvement of more key players.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Report Attributes | Details |
---|---|
Market Size in 2021 | US$ 3.4 Billion |
Market Size by 2028 | US$ 4.76 Billion |
CAGR | CAGR of 5.7% From 2022 to 2028 |
Base Year | 2021 |
Forecast Period | 2022-2028 |
Historical Data | 2017-2020 |
Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
Key Segments | • By Derivatives (Hydrogen bromides, Organobromines, Clear 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) |
Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Company Profiles | LANXESS AG, TETRA Technologies, Inc., ICL Group Ltd., TATA Chemicals Ltd., Albemarle Corporation, Solaris Chemtech Industries Ltd., Hindustan Salts Ltd., Tosoh Corporation, Honeywell International Inc., Satyesh Brinechem Pvt. Ltd. |
KEY DRIVERS | • More bromine compounds are being used to reduce mercury emissions. • Increasing use of bromine compounds to reduce mercury emissions • Growing use of bromine compounds to reduce mercury emissions |
Restraints | • Changes in oil and gas prices that are big |
Frequently Asked Questions (FAQ) :
Ans: People are staying home because of the pandemic, which has hurt the growth of many marketing sectors. One of them is the global bromine market, which has lost a lot of money because of the lockdown. The global pandemic has stopped for a while in the first half of 2020. This has caused a lack of workers, a lack of materials, problems with health and safety, and other problems. During this time of pandemic, investors have also left the world market.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: More bromine compounds are being used to reduce mercury emissions, Increasing use of bromine compounds to reduce mercury emissions and Growing use of bromine compounds to reduce mercury emissions are the drivers for Bromine Market.
Ans: Bromine is a chemical element that is very volatile and corrosive. It is a reddish-brown liquid that gives off fumes at room temperature and easily evaporates to form metals at high pressures.
Ans: Bromine Market Size was valued at USD 3.4 billion in 2021, and expected to reach USD 4.76 billion by 2028, and grow at a CAGR of 5.7% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Bromine Market Segment, By Derivatives
8.1 Hydrogen bromides
8.2 Organobromines
8.3 Clear brine fluid
9.Bromine Market Segment, By Applications
9.1 Oil and gas drilling
9.2 Pesticides
9.3 Flame retardants
9.4 Mercury emission control
9.5 BHR flow batteries
9.6 Water treatment
9.7 Others
10.Bromine Market Segment, By End-users
10.1 Agriculture
10.2 Textiles
10.3 Pharmaceuticals
10.4 Oil & gas
10.5 Automotive
10.6 Cosmetics
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profile
12.1 LANXESS AG,
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 TETRA Technologies, Inc.,
12.3 ICL Group Ltd.,
12.4 TATA Chemicals Ltd.,
12.5 Albemarle Corporation,
12.6 Solaris Chemtech Industries Ltd.,
12.7 Hindustan Salts Ltd.,
12.8 Tosoh Corporation,
12.9 Honeywell International Inc.,
12.10 Satyesh Brinechem Pvt. Ltd.
13.Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13. Recent Developments
14. Conclusion
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