HOME Top Market Reports Bromine Market by Derivative (Organobromine, Hydrogen Bromide, and Clear Brine Fluids), Application (Oil & Gas, Flame Retardants, Biocide, and Plasma Etching), and by Region - Global Forecast to 2021

Bromine Market by Derivative (Organobromine, Hydrogen Bromide, and Clear Brine Fluids), Application (Oil & Gas, Flame Retardants, Biocide, and Plasma Etching), and by Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: August 2016
Report Code: CH 2363

 

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The global bromine market size was of worth USD 4.74 Billion in 2015, and is expected to register a CAGR of 12.4% between 2016 and 2021. In this study, 2015 is considered as the base year and 2021 as the forecasted year for estimating market size of bromine.

The objectives of the study are:

  • To define and segment the market for bromine by derivative, application, and regional, and country level
  • To estimate and forecast the market size for bromine, in terms of value and volume
  • To analyze significant region-specific trends in North America, Europe, Asia-Pacific, South America, and the Middle East & Africa
  • To identify and analyze the key drivers, restraints, opportunities, and challenges influencing the bromine market
  • To analyze the recent market developments and competitive strategies such as alliances, joint ventures, and mergers & acquisitions for drawing the competitive landscape in the bromine market
  • To strategically identify and profile the key market players and analyze their core competencies in each derivative and application of the bromine market

This technical, market-oriented, and commercial research study of the bromine market used extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg BusinessWeek, and Factiva to identify and collect information. The primary sources are industry experts from core and related industries, and preferred suppliers, manufacturers, distributors, service providers, and organizations related to all segments of the industry’s supply chain. The bottom-up approach has been used to estimate market size of bromine derivative, application, and region, in terms of value and volume. The top-down approach has been implemented to validate the market size, in terms of value, and volume. 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 players in bromine & its derivatives ecosystem can be segmented into three distinct tiers. These are the chain initiators or bromine manufacturers such as Israel Chemicals Limited (Israel) and Jordan Bromine Company Limited (Jordan). These manufacturers synthesize bromine from natural resources such as brine wells and sea water. The second tier includes industries manufacturing derivatives of bromine such as Albemarle Corporation (U.S.), Chemtura Corporation (U.S.), Tata Chemicals Limited (India). The derivatives include organobromines, brine fluids, and hydrobromic acid. The third tier includes manufacturers of plastics such as PET, textile, pharmaceuticals, and brine fluids. These manufacturers use various derivatives of bromine in applications such as flame retardants, biocide chemicals, and industrial catalysts, these include, Sanofi S.A. (France), Honeywell International Inc. (U.S.) Tosoh Corporation (Japan), Tetra Technologies Inc. (U.S.), Morre-Tec Industries Inc. (U.S.), Hindustan Salts Limited (India).

This study answers several questions for the stakeholders, primarily which market segments need to be focused in next two-to-five years for prioritizing the efforts and investments.

These stakeholders include:

  • Bromine manufacturers
  • Bromine traders
  • Distributors and suppliers
  • End-use market participants of different segments of bromine
  • Government and research organizations
  • Associations and industrial bodies
  • Research and consulting firms
  • R&D institutions
  • Environment support agencies
  • Investment banks and private equity firms

Scope of the Report:

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

On the Basis of Derivative: The bromine market is segmented on the basis of derivative that include

  • Organobromines
  • Clear Brine Fluids
  • Hydrogen Bromide

On the Basis of Application: The bromine market is segmented on the basis of application that include

  • Flame Retardants
  • Biocides
  • Oil & Gas
  • Medicinal
  • Plasma Etching
  • HBr Flow Battery
  • PTA Synthesis
  • Fumigant Synthesis
  • Others

Regional Analysis: The Bromine market is segmented by region as

  • Asia-Pacific
    • China
    • Japan
    • South Korea
    • India
    • Taiwan
    • Rest of Asia-Pacific
  • Europe
    • Western Europe
      • Germany
      • France
      • U.K.
      • Rest of Western Europe
    • Central & Eastern Europe
      • Russia
      • Turkey
      • Rest of Europe
  • North America
    • U.S.
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Rest of the South American countries
  • Middle East & Africa
    • Israel
    • Jordon
    • Rest of  the Middle East & African Countries

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

  1. Company Information
  2. Analysis and profiling of additional global as well as regional market players (up to 3)

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 Years Considered for the Study
           1.3.2 Currency
    1.4 Limitations
    1.5 Stakeholders

2 Research Methodology (Page No. - 17)
    2.1 Research Data
           2.1.1 Secondary Data
                     2.1.1.1 Key Data From Secondary Source
           2.1.2 Primary Data
                     2.1.2.1 Key Data From Primary Sources
                     2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Bromine & Its Derivative Market
    4.2 Bromine & Its Derivative Market, By Derivative
    4.3 Bromine & Its Derivative Market Share, By Region and  By Application, 2015
    4.4 Bromine & Its Derivative, Market Attractiveness
    4.5 Bromine & Its Derivative Market, Developing vs Developed Nations
    4.6 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Derivative
           5.2.2 By Application
    5.3 Market Dynamics
           5.3.1 Drivers
                     5.3.1.1 The Use of Brominated Flame Retardants in Fire Safety Regulations
                     5.3.1.2 Growth of the Water Treatment, Oil & Gas, and Energy Industries
           5.3.2 Restraints
                     5.3.2.1 The Continuous Phase-Out of Methyl Bromide
                     5.3.2.2 The Emergence of Non-Halogenated Substitutes of Brominated Flame Retardants
           5.3.3 Opportunities
                     5.3.3.1 The Use of Bromine & Its Derivative, as Mercury Reducing Agent in Thermal Power Plants
                     5.3.3.2 Growth in Hydrogen Bromide Flow Battery Application
           5.3.4 Winning Imperative
                     5.3.4.1 Recycling Bromine
           5.3.5 Burning Issue
                     5.3.5.1 Adverse Effects of Brominated Compounds on Human Health

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 Value-Chain Analysis
    6.3 Bromine Synthesis
    6.4 Porter’s Five Forces Analysis
           6.4.1 Bargaining Power of Suppliers
           6.4.2 Threat of New Entrants
           6.4.3 Threat of Substitutes
           6.4.4 Bargaining Power of Buyers
           6.4.5 Intensity of Rivalry

7 Bromine Market, By Derivatives (Page No. - 45)
    7.1 Introduction
           7.1.1 Organobromines
           7.1.2 Clear Brine Fluids
           7.1.3 Hydrogen Bromide/Hydrobromic Acid

8 Bromine Market, By Application (Page No. - 50)
    8.1 Introduction
           8.1.1 Flame Retardants
           8.1.2 Biocides
           8.1.3 Oil & Gas
           8.1.4 Medicinal
           8.1.5 Plasma Etching
           8.1.6 Hydrogen Bromide Flow Battery
           8.1.7 PTA Synthesis
           8.1.8 Fumigant Synthesis
           8.1.9 Others

9 Bromine Market, By Region (Page No. - 61)
    9.1 Introduction
    9.2 North America
           9.2.1 U.S.
           9.2.2 Canada
           9.2.3 Mexico
    9.3 Europe
           9.3.1 Western Europe
                     9.3.1.1 Germany
                     9.3.1.2 France
                     9.3.1.3 U.K.
                     9.3.1.4 Rest of Other Western European Countries
           9.3.2 Central & Eastern Europe
                     9.3.2.1 Russia
                     9.3.2.2 Turkey
                     9.3.2.3 Other Countries of Central & Eastern Europe
    9.4 Asia-Pacific
           9.4.1 China
           9.4.2 Taiwan
           9.4.3 Japan
           9.4.4 India
           9.4.5 South Korea
           9.4.6 Rest of Asia-Pacific
    9.5 Middle East & Africa
           9.5.1 Israel
           9.5.2 Jordan
           9.5.3 Rest of Middle East & Africa
    9.6 South America
           9.6.1 Brazil
           9.6.2 Argentina
           9.6.3 Rest of South America

10 Competitive Landscape (Page No. - 116)
     10.1 Overview
     10.2 Competitive Situations and Trends
     10.3 Joint Ventures, Agreements & Supply Contracts
     10.4 Mergers and Acquisitions
     10.5 Expansions and New Product Launches

11 Company Profiles (Page No. - 120)
     11.1 Introduction
(Overview, Financials, Products & Services, Strategy, and Developments)*
     11.2 Albemarle Corporation
     11.3 Tata Chemicals Ltd.
     11.4 Chemtura Corporation
     11.5 Sanofi S.A.
     11.6 Honeywell International Inc.
     11.7 Tosoh Corporation
     11.8 Israel Chemicals Ltd.
     11.9 Tetra Technologies Inc.
     11.10 Hindustan Salts Ltd.
     11.11 Jordan Bromine Company Ltd.
     11.12 Morre-Tec Industries Inc.

*Details on Overview, Financials, Product & Services, Strategy, and Developments Might Not Be Captured in Case of Unlisted Companies.

12 Appendix (Page No. - 144)
     12.1 Insights From Industry Experts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Introducing RT: Real Time Market Intelligence
     12.5 Available Customizations
     12.6 Related Reports


List of Tables (145 Tables)

Table 1 Bromine: Concentration By Source (G/L)
Table 2 Bromine & Its Derivative Market, By Type
Table 3 Bromine Market, By Application
Table 4 Organobromine Market, By Region, 2014–2021 (USD Million)
Table 5 Organobromine Market, By Region, 2014–2021 (Kiloton)
Table 6 Brine Fluids Market, By Region, 2014–2021 (USD Million)
Table 7 Brine Fluids Market, By Region, 2014–2021 (Kiloton)
Table 8 Hydrogen Bromide Market, By Region, 2014–2021 (USD Million)
Table 9 Hydrogen Bromide Market, By Region, 2014–2021 (Kiloton)
Table 10 Flame Retardants Market, By Region, 2014–2021 (USD Million)
Table 11 Flame Retardants Market, By Region, 2014–2021 (Kiloton)
Table 12 Biocides Market, By Region, 2014–2021 (USD Million)
Table 13 Biocides Market, By Region, 2014–2021 (Kiloton)
Table 14 Oil & Gas Market, By Region, 2014–2021 (USD Million)
Table 15 Oil & Gas Market, By Region, 2014–2021 (Kiloton)
Table 16 Medicinal Market, By Region, 2014–2021 (USD Million)
Table 17 Medicinal Market, By Region, 2014–2021 (Kiloton)
Table 18 Plasma Etching Market, By Region, 2014–2021 (USD Million)
Table 19 Plasma Etching Market, By Region, 2014–2021 (Kiloton)
Table 20 Hydrogen Bromide Flow Battery Market, By Region, 2014–2021 (USD Million)
Table 21 Hydrogen Bromide Flow Battery Market, By Region, 2014–2021 (Kiloton)
Table 22 PTA Synthesis Market, By Region, 2014–2021 (USD Million)
Table 23 PTA Synthesis Market, By Region, 2014–2021 (Kiloton)
Table 24 Fumigant Synthesis Market, By Region2014–2021 (USD Million)
Table 25 Fumigant Synthesis Market, By Region, 2014–2021 (Kiloton)
Table 26 Global Other Application Market, By Region, 2014–2021 (USD Million)
Table 27 Global Other Application Market, By Region, 2014–2021 (Kiloton)
Table 28 North America: Bromine Market Size, By Country, 2014–2021 (USD Million)
Table 29 North America: Bromine Market Size, By Country, 2014–2021 (Kiloton)
Table 30 North America: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 31 North America: Bromine Market Size, By Derivative, 2014–2021 (Kiloton)
Table 32 North America: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 33 North America: Bromine Market Size, By Application, 2014–2021 (Kiloton)
Table 34 U.S.: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 35 U.S.: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 36 U.S.: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 37 U.S.: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 38 Canada: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 39 Canada: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 40 Canada: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 41 Canada: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 42 Mexico: Bromine Market Size, By Derivative, 2015–2021 (USD Million)
Table 43 Mexico: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 44 Mexico: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 45 Mexico: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 46 Europe: Bromine Market Size, By Sub-Region, 2014–2021 (USD Million)
Table 47 Europe: Bromine Market Size, By Sub-Region, 2014–2021 (Kiloton)
Table 48 Europe: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 49 Europe: Bromine Market Size, By Derivative, 2014–2021 (Kiloton)
Table 50 Europe: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 51 Europe: Bromine Market Size, By Application, 2014–2021 (Kiloton)
Table 52 Germany: Bromine Market Size, By Derivative, 2015–2021 (USD Million)
Table 53 Germany: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 54 Germany: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 55 Germany: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 56 France: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 57 France: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 58 France: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 59 France: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 60 U.K.: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 61 U.K.: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 62 U.K.: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 63 U.K.: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 64 Rest of Other Western European Countries: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 65 Rest of Other Western European Countries: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 66 Rest of Other Western European Countries: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 67 Rest of Other Western European Countries: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 68 Russia: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 69 Russia: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 70 Russia: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 71 Russia: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 72 Turkey: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 73 Turkey: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 74 Turkey: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 75 Turkey: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 76 Other Countries of Central & Eastern Europe: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 77 Other Countries of Central & Eastern Europe: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 78 Other Countries of Central & Eastern Europe: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 79 Other Countries of Central & Eastern Europe: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 80 Asia-Pacific: Bromine Market Size, By Region, 2014–2021 (USD Million)
Table 81 Asia-Pacific: Bromine Market Size, By Region, 2014–2021 (Kiloton)
Table 82 Asia-Pacific: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 83 Asia-Pacific: Bromine Market Size, By Derivative, 2014–2021 (Kiloton)
Table 84 Asia-Pacific: Bromine Market, By Application, 2014–2021 (USD Million)
Table 85 Asia-Pacific: Bromine Market, By Application, 2014–2021 (Kiloton)
Table 86 China: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 87 China: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 88 China: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 89 China: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 90 Taiwan: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 91 Taiwan: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 92 Taiwan: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 93 Taiwan: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 94 Japan: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 95 Japan: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 96 Japan: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 97 Japan: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 98 India: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 99 India: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 100 India: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 101 India: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 102 South Korea: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 103 South Korea: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 104 South Korea: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 105 South Korea: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 106 Others: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 107 Others: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 108 Others: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 109 Others: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 110 Middle East & Africa: Bromine Market Size, By Country, 2014–2021 (USD Million)
Table 111 Middle East & Africa: Bromine Market, By Country, 2014–2021 (Kiloton)
Table 112 Middle East & Africa: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 113 Middle East & Africa: Bromine Market Size, By Derivative, 2014–2021 (Kiloton)
Table 114 Middle East & Africa: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 115 Middle East & Africa: Bromine Market Size, By Application, 2014–2021 (Kiloton)
Table 116 Israel: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 117 Israel: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 118 Israel: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 119 Israel: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 120 Jordan: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 121 Jordan: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 122 Jordan: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 123 Jordan: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 124 Rest of Middle East & Africa: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 125 Rest of Middle East: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 126 Rest of Middle East & Africa Countries: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 127 Rest of Middle East & Africa: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 128 South America: Bromine Market Size, By Country, 2014–2021 (USD Million)
Table 129 South America: Bromine Market, By Country, 2014–2021 (Kiloton)
Table 130 South America: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 131 South America: Bromine Market Size, By Derivative, 2014–2021 (Kiloton)
Table 132 South America: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 133 South America: Bromine Market Size, By Application, 2014–2021 (Kiloton)
Table 134 Brazil: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 135 Brazil: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 136 Brazil: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 137 Brazil: Bromine Market Size, By Application, 2014–2021 (Ton)
Table 138 Argentina: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 139 Argentina: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 140 Argentina: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 141 Argentina: Bromine Market, By Application, 2014–2021 (Ton)
Table 142 Rest of South America: Bromine Market Size, By Derivative, 2014–2021 (USD Million)
Table 143 Rest of South America: Bromine Market Size, By Derivative, 2014–2021 (Ton)
Table 144 Rest of South America: Bromine Market Size, By Application, 2014–2021 (USD Million)
Table 145 Rest of South America: Bromine Market Size, By Application, 2014–2021 (Ton)
 

List of Figures (39 Figures)
 
Figure 1 Bromine & Its Derivatives Market Segmentation
Figure 2 Breakdown of Primary Interviews
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
Figure 5 Market Breakdown and Data Triangulation
Figure 6 Oil & Gas to Be the Fastest-Growing Application of Bromine Market, 2016–2021 (USD Billion)
Figure 7 Clear Brine Fluids Have the Largest Share Across All Regions, 2015
Figure 8 Asia-Pacific Was the Fastest-Growing Market of Bromine in 2015
Figure 9 Bromine & Its Derivative Market to Register A Double-Digit CAGR
Figure 10 Clear Brine Fluids to Be the Fastest-Growing Derivative Between 2016 and 2021
Figure 11 Oil & Gas Accounted for the Largest Share in the Bromine & Its Derivative Market in 2015
Figure 12 Bromine & Its Derivative Market to Register High Growth Between 2016 and 2021
Figure 13 China to Emerge as A Lucrative Market for Bromine & Its Derivative Between 2016 and 2021
Figure 14 Asia-Pacific to Register High Growth Potential for Bromine & Its Derivatives During the Forecast Period
Figure 15 Drivers, Restraints, and Opportunities in the Bromine & Its Derivative Market
Figure 16 Bromine Recycling Processes
Figure 17 Value-Chain Analysis of the Bromine & Its Derivative Market
Figure 18 Bromine Synthesis Flow Diagram
Figure 19 Porter’s Five Forces Analysis
Figure 20 Organobromine Derivative to Dominate the Overall Bromine & Its Derivative Market Between 2016 and 2021
Figure 21 Oil & Gas to Dominate the Overall Bromine & Its Derivative Market, Between 2016 and 2021
Figure 22 Asia-Pacific to Be the Largest Market for Bromine & Its Derivative in Flame Retardants Application, 2016 vs 2021, (USD Million)
Figure 23 Asia-Pacific to Drive the Bromine & Its Derivative Market for the Oil & Gas Application, 2016 vs 2021
Figure 24 Regional Snapshot: China is Projected to Drive the Bromine Market With the Fastest Growth Rate (2016–2021)
Figure 25 North America Snapshot: Oil & Gas Industry to Register Lucrative Growth Due to Rising Energy Requirements
Figure 26 Europe Snapshot: Germany Shows Highest Growth in Organobromine Market Due to Developing Agricultural Industry
Figure 27 Asia-Pacific Snapshot: China Emerges as the Largest Consumer of Bromine Mainly Due to Its Developing Automotive and Electronic Industries
Figure 28 Market Share of Key Manufacturing Companies on Bromine
Figure 29 Albemarle Corporation: Company Snapshot
Figure 30 Albemarle Corporation: SWOT Analysis
Figure 31 Tata Chemicals: Company Snapshot
Figure 32 Tata Chemical Ltd: SWOT Analysis
Figure 33 Chemtura Corporation: Company Snapshot
Figure 34 Sanofi S.A.: Company Snapshot
Figure 35 Honeywell International Inc: Company Snapshot
Figure 36 Tosoh Corporation: Company Snapshot
Figure 37 Israel Chemicals Ltd.: Company Snapshot
Figure 38 Tetra Technologies Inc: Company Snapshot
Figure 39 Hindustan Salts Ltd.: Company Snapshot

The market size for bromine is projected to reach USD 9.82 Billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. Increasing demand from the end-use applications such as flame retardants, oil & gas drilling activities, biocides, and PTA synthesis are the major drivers for bromine market. The automotive, water treatment, electronics, and oil & gas industries are growing in the emerging markets of Asia-Pacific such as China, India, and other Southeast Asian countries. With the increasing usage of bromine in the production of flame retardants, biocides, and others in some major economies, such as India, China, and Japan, the market is expected to grow further. Hence, bromine is increasingly used in various end-use applications, and is growing rapidly in the near future.

Organobromine is projected to be the fastest-growing derivative of bromine between 2016 and 2021, globally, with a CAGR of 12.3%. Its applications are gaining momentum, and are expected to grow in the near future. Flame retardants and biocides are the major applications of organobromines. They are used in dyes as well as in the pharmaceutical industry. Drugs containing organobromine ingredients are used for treating pneumonia and cocaine addiction. Due to these factors organobromines is a leading the market by derivative, globally.

The oil & gas drilling industry is the largest market of bromine by application. Clear brine fluids are a derivative of bromine which are extensively used in the oil & gas well-drilling industry for high-density, solids-free completion, packer, and workover fluids to reduce the likelihood of damage to the well bore and productive zone. Some important regions witnessing an increase in demand for drilling fluids are Gulf of Mexico, offshore (U.S), shale gas wells in the U.S. as well as oil and wells in Alberta (Canada). The Orinoco belt in Venezuela and offshore wells in Brazil are important markets for brine fluids in South America.

Asia-Pacific is the leading and the fastest-growing market of bromine, in terms of value and volume, and the trend is projected to continue till 2021. This growth is mainly due to the increasing demand for bromine in the automotive, agricultural, electronics, and oil & gas activities in the Asia-Pacific region; and increasing expansions, and joint ventures & agreements activities of key market players in the region. Furthermore, rapid R&D activities on the use of bromine as a medicinal agent in the pharmaceutical industry are also paving the way for the growth of bromine market in the region. Bromine is the largest and the fastest-growing market in the region. This trend is estimated to continue in the near future.

Bromine Market

Though the bromine market is gaining importance at a good pace few factors act as a bottleneck toward its growth. Brominated compounds pollute the environment, so there is a massive shift to ecofriendly non-halogenated flame retardants, which may replace bromine in the coming future.

The companies such as Albemarle Corporation (U.S.), Chemtura (U.S), Jordan Bromine Ltd (Jordan), Tosoh Corporation (Japan), and Israel Chemical Ltd (Israel) are the are the key players in the global bromine market. The diverse product portfolio and strategically positioned R&D centers, continuous adoption of development strategies, and technological advancements are few factors that are responsible for strengthening the position of these companies in the bromine market.  They have been adopting various organic and inorganic growth strategies, such as joint ventures & agreements and expansions to enhance the current market scenario of bromine.

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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