Global Bromine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global bromine market in its upcoming report titled, “Global Bromine Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027”. The global bromine market is estimated to register a CAGR of X.X% in terms of value during the forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the global bromine market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the global bromine market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global bromine market report has been segmented on the basis of application, end use industry, and region.

Bromine is chemical element of atomic number 35, and is a dark red fuming toxic liquid with a choking, irritating odor. It is the 3rd member of halogen group and occurs chiefly in the form of salts in seawater, and brines, owing to its highly reactive nature. One of the major uses of bromine is as a water purifier/disinfectant, and as an alternative to chlorine. Brominated compounds are used for water treatment in swimming pools and hot tubs, and are also used to control algae and bacterial growth in industrial processes. Bromine is used in wide range of applications such as coal fired power plants for mercury mitigation, as flame retardant, for plasma etching in semiconductors in electronic and automotive industries.

Rising demand from end use industries is a key factor driving the growth of the global bromine market. Clear brine fluid projected to be the fastest-growing segment in terms of revenue during the forecast period. This rapid growth can be attributed to growing demand for application in oil & gas drilling activities and workover operations.

Increasing environmental concerns resulting from water and soil pollution due to bromine is a key factor hampering growth of the global bromine market. In addition, fluctuating oil & gas prices in the recent past, emergence of non-halogenated flame retardants, and toxicological effects of brominated compounds are major factors restraining growth of the global bromine market.

The market in Asia Pacific accounted for highest revenue share contribution to the global bromine market owing to major players shifting their manufacturing units from developed markets such as Europe and North America to the Asia Pacific and Middle East & Africa regions. Prominent players are investing in these regions due to presence of large sources of raw materials. Abundant availability of labour and consumers is also attracting market players to establish their production facilities in the region.

Global Bromine Market Segmentation:

Global bromine market segmentation, by industry:

• Pharmaceutical
• Cosmetics
• Textile
• Pesticides
• Automotive
• Other

Global bromine market segmentation, by application:

• Flame retardants
• Oils and gas drilling
• Water treatment and mercury emission control
• Agriculture

Global bromine market segmentation, by region:

• North America
• Europe
• Asia pacific
• Latin America
• Middle East and Africa