Bromine derivatives market will reach at an estimated value of USD 5.81 billion and grow at a rate of 4.40% for the forecast period of 2021 to 2028. Rising use of bromine derivatives by rubber and plastic industries for the manufacture of flame-retardant products is a vital factor driving the growth of bromine derivatives market.
Bromine is a type of chemical element with symbol Br and atomic number 35, which has a choking, and irritating smell. Bromine is a brownish-red liquid at room temperature and it is the only nonmetallic element which exists in a liquid state, and when it evaporates a red vapor that has an unpleasant odor like that of chlorine is identified. It is also soluble in organic solvents and in water.
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The major players covered in the bromine derivatives market report are Albemarle Corporation, Tata Chemicals Ltd., LANXESS, Honeywell International Inc, Tosoh Corporation, ICL, TETRA Technologies, Inc, JBC, Hindustan Salts Ltd, MORRE-TEC Industries, BEACON ORGANOSYS, Perekop bromine, Gulf Resources, Inc., JK Chemicals (JKC), Mody Chemi-Pharma Limited, Pacific Biochem Private Limited., A. B. Enterprises, SSS Enterprises, Neutron Drugs Pharmaceuticals Private Limited., Hexagon Ingredients. And Aaa Salt Chemicals Pvt. Ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Bromine Derivatives Market Scope and Market Size:
Global Bromine derivatives market is segmented on the basis of product type and application. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of application, the bromine derivatives market is segmented into flame retardant, organic intermediates, oil gas drilling, bodices, PTA synthesis, others
- On the basis of product type, the bromine derivatives market is segmented into decabromodiphenyl ethane (DBDPE), brominated polystyrene, tetrabromobisphenol A, calcium bromide, sodium bromide, zinc bromide, hydro bromic acid, and others
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Bromine Derivatives Market Country Level Analysis:
Bromine derivatives market is analysed and market size, volume information is provided by country, product type and application as referenced above.
The countries covered in the bromine derivatives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the bromine derivatives market due to rising demand for bromine derivatives in automotive industry, rising demand for bromine derivatives in water treatment industry and rising usage of bromine and its derivatives in coal field for minimizing mercury elements in this region. Europe is the second largest region in terms of growth in bromine derivatives market due to increasing use of bromine derivatives by rubber and plastic industries for the manufacture of flame-retardant products in this region. Asia- Pacific is the expected region in terms of growth in bromine derivatives market due to rising construction industry and urbanization in this region.
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