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Bromine Market

Bromine Market, Size and 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),by Regions and Global Forecast 2022-2028

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 Market Revenue Graph

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

Bromine Market Segment Pie Chart

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

 

Bromine Market Report Scope:
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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Secondary Research

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