HOME Top Market Reports Bromine Market by Derivative (Organobromines, Clear Brine Fluids, Hydrogen Bromide), Application (Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTA Synthesis), and Region - Global Forecast to 2022

Bromine Market by Derivative (Organobromines, Clear Brine Fluids, Hydrogen Bromide), Application (Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTA Synthesis), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: August 2017
Report Code: CH 2363

 

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The global bromine market was USD 2.47 Billion in 2016 and is projected to reach USD 3.96 Billion by 2022, at a CAGR of 8.4% between 2017 and 2022.In this study, 2016 has been considered the base year and 2022 the forecast year to estimate the market size of bromine.

The objectives of the study are:

  • To define and segment the global bromine market by derivative, application, and region
  • To estimate and forecast the global bromine market by derivative and application in terms of value and volume at country-level in different regions, namely, North America, Asia Pacific, Western Europe, Central & Eastern Europe, South America, and Middle East & Africa
  • To estimate and forecast the market size of bromine, in terms of value (USD million), and volume (kilotons), at global and regional levels
  • To identify and analyze the key growth drivers, restraints, opportunities, and challenges influencing the global bromine market
  • To analyze recent market developments and competitive strategies, such as expansions, product launches/developments, and mergers & acquisitions and to draw a competitive landscape of the global bromine market
  • To strategically identify and profile the key market players and analyze their core competencies in each type and application of the global bromine market

Different secondary sources, such as company websites, encyclopedia, directories, and databases such as Hoovers, Bloomberg, Businessweek, Factiva, and OneSource have been used to identify and collect information useful for this extensive, commercial study of the global bromine market. Primary sources, including experts from related industries, have been interviewed to verify and collect critical information and assess prospects of the market. The top-down approach has been implemented to validate the market size in terms of value. With the data triangulation procedure and validation of data through primaries, the exact values of the overall parent market size and individual market sizes have been determined and confirmed in this study.

Bromine Market

To know about the assumptions considered for the study, download the pdf brochure

The bromine market has a diversified and established ecosystem of upstream players, such as raw material suppliers, and downstream stakeholders, such as manufacturers, vendors, end users, and government organizations.

This study answers several questions for stakeholders, primarily, which market segments they should focus upon during the next two to five years to prioritize their efforts and investments. These stakeholders include bromine manufacturers such as Israel Chemicals Limited (Israel), Albemarle Corporation (US), Chemtura Corporation (US), Tosoh Corporation (Japan), Tata Chemicals Ltd (India), Gulf Resources Inc. (China), TETRA Technologies, Inc. (US), Hindustan Salts Limited (India), Honeywell International Inc. (US) and Perekop bromine (Republic of Crimea).

Key Target Audience:

  • Regional Manufacturers’ Associations and General Bromine Associations
  • Raw Material Manufacturers
  • Traders, Distributors, and Suppliers of Bromine
  • Government and Regional Agencies and Research Organizations

Scope of the Report:

This research report categorizes the global bromine market based on derivative, application and region, and forecasts revenue growth and provides an analysis of trends in each of the submarkets.

Based on Derivative:

  • Organobromines
  • Clear Brine Fluids
  • Hydrogen Bromide

Each form is further described in detail in the report with value and volume forecasts until 2022.

Based on Application:

  • Flame Retardants
  • Water Treatment
  • HBr Flow Batteries
  • Oil & Gas Drilling
  • Pharmaceuticals & Cosmetics
  • Agriculture
  • Mercury Emission Control
  • PTA Synthesis
  • Plasma Etching
  • Others (which include Photography, Chemical Intermediates Synthesis, Adhesive & Tape, Elastomers)

Each end-use industry segment is further described in detail in the report, with value forecasts until 2022.

Based on Region:

  • Asia Pacific
  • North America
  • Western Europe
  • Central & Eastern Europe
  • Middle East & Africa
  • South America

Each region is further segmented by key countries, such as the US, Mexico, Canada, China, Japan, South Korea, India, Taiwan, Germany, UK, Italy, France, Turkey, Russia, Israel, Jordan, Argentina, and Brazil.

Available Customizations: The following customization options are available for the report:

  1. Company Information

Analysis and profiles of additional global as well as regional market players (up to three)

Table of Contents

1 Introduction (Page No. - 14)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 18)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Opportunities in the Bromine Market
    4.2 Bromine Market, By Derivative
    4.3 Bromine Market in Asia-Pacific, By Application and Country
    4.4 Bromine Market, Developed vs Developing Markets
    4.5 Bromine Application Market Attractiveness

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Use of Bromine in Mercury Emission Mitigation
                    5.2.1.2 Increasing Demand for Flame Retardants Due to Stringent Fire Safety Framework
                    5.2.1.3 Extensive Consumption of Bromine in Diverse Applications
           5.2.2 Restraints
                    5.2.2.1 Toxicological Effects of Brominated Compounds
                    5.2.2.2 Emergence of Non-Halogenated Flame Retardants
           5.2.3 Opportunities
                    5.2.3.1 Recycling of Bromine
                    5.2.3.2 Increasing Use of Hydrogen Bromide in Flow Batteries
           5.2.4 Challenges
                    5.2.4.1 Significant Fluctuations in the Oil & Gas Prices
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Suppliers
           5.3.2 Threat of New Entrants
           5.3.3 Threat of Substitutes
           5.3.4 Bargaining Power of Buyers
           5.3.6 Intensity of Rivalry
    5.4 Macroeconomic Overview and Trends
           5.4.1 Introduction
           5.4.2 Trends and Forecast of GDP
           5.4.3 Trend of Oil & Natural Gas Prices

6 Bromine Market, By Derivative (Page No. - 46)
    6.1 Introduction
    6.2 Organobromines
    6.3 Clear Brine Fluids
    6.4 Hydrogen Bromide (BHR)

7 Bromine Market, By Application (Page No. - 54)
    7.1 Introduction
    7.2 Flame Retardants
    7.3 Water Treatment
    7.4 Mercury Emission Control
    7.5 Oil & Gas Drilling
    7.6 BHR Flow Batteries
    7.7 PTA Synthesis
    7.8 Pesticides
    7.9 Plasma Etching
    7.10 Pharmaceuticals
    7.11 Others

8 Bromine Market, By Region (Page No. - 69)
    8.1 Introduction
    8.2 Asia-Pacific
           8.2.1 China
           8.2.2 Japan
           8.2.3 India
           8.2.4 South Korea
           8.2.5 Taiwan
           8.2.6 Rest of Asia-Pacific
    8.3 North America
           8.3.1 U.S.
           8.3.2 Canada
           8.3.3 Mexico
    8.4 Western Europe
           8.4.1 Germany
           8.4.2 France
           8.4.3 U.K.
           8.4.4 Rest of Western Europe
    8.5 Central & Eastern Europe
           8.5.1 Russia
           8.5.2 Turkey
           8.5.3 Rest of Central & Eastern Europe
    8.6 Middle East & Africa
           8.6.1 Israel
           8.6.2 Jordan
           8.6.3 Rest of the Middle East and Africa
    8.7 South America
           8.7.1 Brazil
           8.7.2 Argentina
           8.7.3 Rest of South America

9 Competitive Landscape (Page No. - 113)
    9.1 Introduction
    9.2 Competitive Leadership Mapping
           9.2.1 Dynamic Differentiators
           9.2.2 Visionary Leaders
           9.2.3 Innovators
           9.2.4 Emerging Companies
    9.3 Competitive Benchmarking
           9.3.1 Strength of Product Portfolio (25 Players)
           9.3.2 Business Strategy Excellence (25 Players)
    9.4 Market Ranking of Key Players
           9.4.1 Israel Chemicals Limited (Israel)
           9.4.2 Albemarle Corporation (U.S.)
           9.4.3 Chemtura Corporation (U.S.)
           9.4.4 Tosoh Corporation (Japan)
           9.4.5 Gulf Resources Inc (China)
           9.4.6 Tata Chemicals Limited (India)

10 Company Profiles Chapter (Page No. - 119)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     10.1 Israel Chemical Ltd
     10.2 Albemarle Corporation
     10.3 Chemtura Corporation
     10.4 Tosoh Corporation
     10.5 Tetra Technologies Inc
     10.6 Gulf Resources Inc.
     10.7 Tata Chemical Ltd
     10.8 Hindustan Salts Ltd.
     10.9 Honeywell International Inc.
     10.10 Perekop Bromine

*Details Might Not Be Captured in Case of Unlisted Companies.

11 Additional Company Profiles (Page No. - 151)
     11.1 Sanofi SA
     11.2 Aquachina Chemicals
     11.3 Morre-Tec Industries Inc.
     11.4 Solaris Chemtech
     11.5 Agrocel Industries Ltd.
     11.6 Shandong Yuyuan Group Co., Ltd.
     11.7 Shandong Haiwang Chemical Co., Ltd.
     11.8 Shandong Haihua Group Co., Ltd.
     11.9 Shandong Ocean Chemical Co., Ltd.
     11.10 Shandong Weifang Longwei Industrial Co., Ltd.
     11.11 Shandong Runke Chemical Engineering Co., Ltd.
     11.12 Dhruv Chem Industries
     11.13 Shandong Lubei Chemical Co., Ltd.
     11.14 Shandong Dadi Salt Chemical Group Co., Ltd
     11.15 Shandong Hoyuan Group

12 Appendix (Page No. - 155)
     12.1 Insights of Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (101 Tables)

Table 1 Global GDP Per Capita, USD Billion(2012-2016)
Table 2 Oil & Gas Prices Globally, USD/Bbl(2012–2016)
Table 3 Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 4 Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 5 Bromine Market Size in Organobromine, By Region, 2015–2022 (USD Million)
Table 6 Bromine Market Size in Organobromine, By Region, 2015–2022 (Kiloton)
Table 7 Bromine Market Size in Clear Brines Fluids, By Region, 2015–2022 (USD Million)
Table 8 Bromine Market Size in Clear Brines Fluids, By Region, 2015–2022 (Kiloton)
Table 9 Bromine Market Size in Hydrogen Bromide, By Region, 2015–2022 (USD Million)
Table 10 Bromine Market Size in Hydrogen Bromide, By Region, 2015–2022 (Kiloton)
Table 11 Bromine Market Size, By Application 2015–2022 (USD Million)
Table 12 Bromine Market Size in Flame Retardants, By Region, 2015–2022 (USD Million)
Table 13 Bromine Market Size in Water Treatment, By Region, 2015–2022 (USD Million)
Table 14 Bromine Market Size in Mercury Emissions Control, By Region, 2015–2022 (USD Million)
Table 15 Bromine Market Size in Oil & Gas Drilling, By Region, 2015–2022 (USD Million)
Table 16 Bromine Market Size in BHR Flow Batteries, By Region, 2015–2022 (USD Million)
Table 17 Bromine Market Size in PTA Synthesis, By Region, 2015–2022 (USD Million)
Table 18 Bromine Market Size in Pesticides, By Region, 2015–2022 (USD Million)
Table 19 Bromine Market Size in Plasma Etching, By Region, 2015–2022 (USD Million)
Table 20 Bromine Market Size in Pharmaceuticals, By Region, 2015–2022 (USD Million)
Table 21 Bromine Market Size in Other Applications By Region, 2015–2022 (USD Million)
Table 22 Bromine Market Size, By Region, 2015–2022 (USD Million)
Table 23 Bromine Market Size, By Region, 2015–2022 (Kiloton)
Table 24 Asia-Pacific: Bromine Market Size, By Country, 2015–2022 (USD Million)
Table 25 Asia-Pacific: Bromine Market Size, By Country, 2015–2022 (Kiloton)
Table 26 China: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 27 China: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 28 China: Bromine Market, By Application, 2015–2022 (USD Million)
Table 29 Japan: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 30 Japan: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 31 Japan: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 32 India: Bromine Market, By Derivative 2015–2022 (USD Million)
Table 33 India: Bromine Market, By Derivative, 2015–2022 (Kiloton)
Table 34 India: Bromine Market, By Application, 2015–2022 (USD Million)
Table 35 South Korea: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 36 South Korea: Bromine Market, By Derivative, 2015–2022 (Kiloton)
Table 37 South Korea: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 38 Taiwan: Bromine Market, By Derivative, 2015–2022 (USD Million)
Table 39 Taiwan: Bromine Market, By Derivative, 2015–2022 (Kiloton)
Table 40 Taiwan: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 41 Rest of Asia-Pacific: Bromine Market, By Derivative, 2015–2022 (USD Million)
Table 42 Rest of Asia-Pacific: Bromine Market, By Derivative, 2015–2022 (Kiloton)
Table 43 Rest of Asia-Pacific: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 44 North America: Bromine Market Size, By Country, 2015–2022 (USD Million)
Table 45 North America: Bromine Market Size, By Country, 2015–2022 (Kiloton)
Table 46 U.S.: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 47 U.S.: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 48 U.S.: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 49 Canada: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 50 Canada: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 51 Canada: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 52 Mexico: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 53 Mexico: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 54 Mexico: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 55 Western Europe: Bromine Market Size, By Country, 2015–2022 (USD Million)
Table 56 Western Europe: Bromine Market Size, By Country, 2015–2022 (Kiloton)
Table 57 Germany: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 58 Germany: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 59 Germany: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 60 France: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 61 France: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 62 France: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 63 U.K.: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 64 U.K.: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 65 U.K.: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 66 Rest of Western Europe: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 67 Rest of Western Europe: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 68 Rest of Western Europe: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 69 Central & Eastern Europe: Bromine Market Size, By Country, 2015–2022 (USD Million)
Table 70 Central & Eastern Europe: Bromine Market Size, By Country, 2015–2022 (Kiloton
Table 71 Russia: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 72 Russia: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 73 Russia: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 74 Turkey: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 75 Turkey: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 76 Turkey: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 77 Rest of Central & Eastern Europe: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 78 Rest of Central & Eastern Europe: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 79 Rest of Central & Eastern Europe: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 80 Middle East & Africa: Bromine Market Size, By Country, 2015–2022 (USD Million)
Table 81 Middle East & Africa: Bromine Market Size, By Country, 2015–2022 (Kiloton)
Table 82 Israel: Bromine Market, By Derivative, 2015–2022 (USD Million)
Table 83 Israel: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 84 Israel: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 85 Jordan: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 86 Jordan: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 87 Jordan: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 88 Rest of the Middle East & Africa: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 89 Rest of the Middle East & Africa: Bromine Market Size, By Derivative 2015–2022 (Kiloton)
Table 90 Rest of the Middle East & Africa: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 91 South America: Bromine Market Size, By Country, 2015–2022 (USD Million)
Table 92 South America: Bromine Market Size, By Country, 2015–2022 (Kiloton)
Table 93 Brazil: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 94 Brazil: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 95 Brazil: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 96 Argentina: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 97 Argentina: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 98 Argentina: Bromine Market Size, By Application, 2015–2022 (USD Million)
Table 99 Rest of South America: Bromine Market Size, By Derivative, 2015–2022 (USD Million)
Table 100 Rest of South America: Bromine Market Size, By Derivative, 2015–2022 (Kiloton)
Table 101 Rest of South America: Bromine Market Size, By Application, 2015–2022 (USD Million)


List of Figures (49 Figures)

Figure 1 Bromine: Market Segmentation
Figure 2 Bromine Market: Research Design
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Bromine: Data Triangulation
Figure 6 Organobromine Led Bromine Market in 2016
Figure 7 Flame Retardants to Be Largest Bromine Market, By Application Between 2017 and 2022
Figure 8 Region-Wise Evaluation of Bromine Market
Figure 9 Asia-Pacific Dominated Global Bromine Market in 2016
Figure 10 Growing Demand in Flame Retardants and Mercury Emission Control to Drive the Market Between 2017 and 2022
Figure 11 Clear Brine Fluids to Be the Fastest-Growing Market Between 2017 and 2022
Figure 12 China Accounted for Largest Share of Bromine Market in 2016
Figure 13 China to Emerge as the Most Lucrative Market Between 2017 and 2022
Figure 14 Bromine Market to Register High Growth in Asia-Pacific Between 2017 and 2022
Figure 15 Drivers, Restraints, Opportunities, and Challenges in the Bromine Market
Figure 16 Porter’s Five Forces Analysis
Figure 17 Trends and Forecast of GDP of 25 Countries, USD Billion (2016)
Figure 18 Crude Oil Brent Witnessed the Sharpest Dip in Prices (2012-2016)
Figure 19 Organobromines Accounted for Largest Market Share in 2016
Figure 20 Asia-Pacific Projected to Lead Organobromines Market During Forecast Period (2017-2022)
Figure 21 Asia-Pacific Estimated to Be Fastest-Growing Market for Bromine in Clear Brine Fluids Between 2017 and 2022
Figure 22 Asia-Pacific Expected to Dominate Hydrogen Bromide Market Between 2017 and 2022
Figure 23 Flame Retardants Were Largest Application of Bromine Market, in 2016
Figure 24 Asia-Pacific to Be Largest Market for Bromine in Flame Retardants Between 2017 and 2022
Figure 25 North America to Be the Fastest Growing Market of Bromine in Water Treatment Between 2017 and 2022
Figure 26 Asia-Pacific Projected to Lead Bromine Market for Mercury Emission Control During Forecast Period
Figure 27 Asia-Pacific to Be the Fastest-Growing Market for Oil & Gas Drilling Between 2017 and 2022
Figure 28 Asia-Pacific Expected to Dominate the Bromine Market of BHR Flow Batteries Control in the Forecast Period
Figure 29 Asia-Pacific Estimated to Be Fastest-Growing as Well as the Largest Market of PTA Synthesis Between 2017 and 2022
Figure 30 Asia-Pacific to Be Most Dominant Market for Bromine in Pesticides Between 2017 and 2022
Figure 31 Asia-Pacific to Offer Lucrative Growth Opportunities for Plasma Etching Market Between 2017 and 2022
Figure 32 Asia-Pacific to Lead Bromine Market for Pharmaceutical Between 2017 and 2022
Figure 33 Regional Snapshot: Asian Countries Such as India, China, and Japan to Offer Lucrative Growth Opportunities in Bromine Market in During the Forecast Period
Figure 34 Asia-Pacific Market Snapshot: China to Be Largest and Fastest-Growing Market, 2017–2022
Figure 35 North America Market Snapshot: U.S. to Be the Fastest-Growing Bromine Market
Figure 36 Western Europe Market Snapshot: U.K. is Expected to Be the Fastest-Growing Market
Figure 37 Central & Eastern Europe Market Snapshot: the Region is Estimated to Register A Moderate CAGR Between 2017 and 2022
Figure 38 Middle East & African Market Snapshot: Increasing Oil & Gas Drilling Activities is Expected to Drive the Bromine Market Between 2017 and 2022
Figure 39 South America Market Snapshot: Brazil is the Largest and the Fastest-Growing Market
Figure 40 Global Bromine Market: Key Players Ranking, 2016
Figure 41 Israel Chemical Ltd: Company Snapshot
Figure 42 Albemarle Corporation: Company Snapshot
Figure 43 Chemtura Corporation: Company Snapshot
Figure 44 Tosoh Corporation: Company Snapshot
Figure 45 Tetra Technologies Inc: Company Snapshot
Figure 46 Gulf Resources Inc.: Company Snapshot
Figure 47 Tata Chemicals Limited: Company Snapshot
Figure 48 Hindustan Salts Ltd: Company Snapshot
Figure 49 Honeywell International Inc.: Company Snapshot

The global bromine market is projected to reach USD 3.96 Billion by 2022, at a CAGR of 8.4% between 2017 and 2022. By volume, it is projected to reach 716.18 kilotons by 2022. The growing use of bromine in mercury mitigation, increasing demand for flame retardants due to stringent fire safety standards and extensive consumption of bromine in diverse applications are the key factors driving the global bromine market.

Organobromine was the largest segment of the global bromine market, by derivative in 2016. Organobromine is used extensively in the flame retardants and in fumigant synthesis. Drugs containing organobromines are used for treating pneumonia and cocaine addiction. Thus, the extensive consumption of organobromine in flame retardants, fumigants, and drug formulations makes it the largest derivative of bromine used in the world.

Flame retardants were the largest application of bromine market in 2016. Bromine and its related products are required in flame retardants in textiles, electronics & consumer goods and automotive industries. A large number of properties every year are destroyed due to fire. Thus, increasing awareness regarding fire accidents is leading to boosting the demand for flame retardants which drives the market for bromine globally.

The Asia Pacific region led the global bromine market, in terms of both, value and volume, in 2016. China is the largest market for bromine in the Asia Pacific region, and accounted for a major share in terms of value, in 2016. The growing demand for flame retardants for the automotive industry and insulation applications, easy availability of raw material and consumers, and increasing number of new production facilities to meet the growing demand for bromine are the key growth drivers in the bromine market in this region.

Bromine Market

The global bromine market is witnessing moderate growth. Factors restraining and challenging the growth of the bromine market are the significant decrease in oil & gas prices in the past years, emergence of non-halogenated flame retardants, and toxicological effects of brominated compounds.

Israel Chemicals Limited (Israel), Albemarle Corporation (US), Chemtura Corporation (US), Tosoh Corporation (Japan) and Gulf Resources Inc. (China) led the global bromine market. These players are consolidating the market through mergers & acquisitions, agreements and are launching new products which will help them strengthen their positions in the global bromine market.

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