Bromine Market

Bromine Market by Derivative (Organobromine, Clear Brine Fluids, Hydrogen Bromide), Application (Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTa Synthesis), & Geography - Global Forecast to 2024

Report Code: CH 2363 Nov, 2019, by marketsandmarkets.com

[153 Pages Report] The bromine market is projected to grow from USD 3.3 billion in 2019 to USD 4.4 billion by 2024, at a CAGR of 5.8% from 2019 to 2024. The market growth is driven by the increasing demand for bromine in flame retardants, mercury emission control, water treatment, and oil & gas drilling.

Bromine Market

Based on application, flame retardants segment accounted for the largest market share in 2018

Based on application, the flame retardants segment accounted for the largest share of the bromine market in 2018. Brominated flame retardants (BFRs) are bromine containing compounds that are added to substances to inhibit or reduce their rate of combustion. Stringent fire safety regulations implemented by the regulatory bodies augment the consumption of flame retardants in various end-use industries, such as electronics & consumer goods, building & construction, automotive, textile, rubber, and elastomer. Although brominated flame retardants are less preferred nowadays due to the growing environmental concerns associated with them, their widespread application in the aforementioned industries is sustaining their market and increasing their demand by the day.

Based on derivative, the organobromine segment accounted for the largest market share in 2018

Based on derivative, the organobromine segment accounted for the largest share in 2018, as it is widely used in the  manufacturing of brominated flame retardants, pesticides, fumigants, and biocides for water treatment. The top players in the bromine market, such as Albemarle (US) and Israel Chemicals Ltd. (Israel), are taking initiatives to develop and market polymeric alternatives to hexabromocyclododecane (HBCD) flame retardants, which are being phased out due to toxicological concerns. The manufacturers of PVC in cable mantling, for instance, are now shifting toward the use polymers that do not use brominated flame retardants. 

Bromine Market

Asia Pacific accounted for the largest share of the bromine market in 2018

By region, Asia Pacific is estimated to be the largest market for bromine in 2019. The demand for bromine in this region is mainly propelled by its increasing use in China, Japan, and India. Increasing infrastructural development and rise in the disposable income of the middle-class population in Asia Pacific have boosted the demand for flame retardants, which are extensively used in insulation and fabrication of plastic and electronic components. China is expected to be the dominant and fastest-growing market for bromine in the Asia Pacific region, mainly due to the escalating demand for brominated flame retardants in the country. China, which had banned the export of bromine and its related compounds, is focusing only on imports to meet its domestic requirements.

Key Market Players

Israel Chemicals Limited (Israel), Albemarle Corporation (US), LANXESS Corporation (Germany), Tosoh Corporation (Japan), Tata Chemicals Limited (India), Gulf Resources Inc. (China), TETRA Technologies, Inc. (US), Hindustan Salts Limited (India), Honeywell International Inc. (US), and Perekop Bromine (Republic of Crimea) are some of the leading players operating in the bromine market.

Scope of the report

Report Metric

Details

Market Size Available for Years

2017–2024

Base Year Considered

2018

Forecast Period

2019–2024

Forecast Units

Value (USD Billion)

Segments Covered

Application and Derivative

Geographies Covered

North America, Asia Pacific, Western Europe, Central & Eastern Europe the Middle East & Africa, and South America

Companies Covered

Israel Chemicals Limited (Israel), Albemarle Corporation (US), LANXESS Corporation (Germany), Tosoh Corporation (Japan), Tata Chemicals Limited (India), Gulf Resources Inc. (China), TETRA Technologies, Inc. (US), Hindustan Salts Limited (India), Honeywell International Inc. (US), and Perekop Bromine (Republic of Crimea), among others

This research report categorizes the bromine market based on application, derivative, and region and forecasts revenues as well as analyzes trends in each of these submarkets.

Based on application the bromine market has been segmented into:

  • Flame Retardants
  • Oil & Gas Drilling
  • PTA Synthesis
  • Water Treatment
  • Mercury Emission Control
  • Pesticides
  • HBr Flow Batteries
  • Plasma Etching
  • Pharmaceuticals
  • Others (Photography, Chemical Intermediates Synthesis, Adhesive Tapes, Rubbers, and Elastomers)

Based on derivative the bromine market has been segmented into:

  • Organobromine
  • Clear Brine Fluids
  • Hydrogen Bromide

Based on the region the bromine market has been segmented into:

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

Recent Developments

  • In September 2019, Israel Chemicals Ltd.  announced its plan to increase its bromine compounds capacity to approximately 25,000 metric tons annually. The company will invest approximately USD 50 million for this expansion and expects a return of USD 110 million. This expansion comes amidst the company’s strategic agreements signed with many customers from Asia.
  • In July 2019, Lanxess Corporation started using Emerald Innovation 3000 as a flame retardant for expanded (EPS) and extruded (XPS) polystyrene instead of hexabromocyclododecane (HBCD), which has now been banned. Emerald Innovation 3000 was earlier majorly used as a flame retardant in electronics and electrical applications. This product, manufactured via the bromination of an alternating polystyrene butadiene copolymer, helped decrease the use of hexabromocyclododecane (HBCD), which is hazardous for health.

Key Questions Addressed by the Report:

  • How are the developments undertaken by various companies expected to affect the bromine market in the mid- to long-term?
  • What are the upcoming industry applications of bromine?
  • What is the impact of changes in government policies on the bromine market?
  • What is the estimated size of the bromine market in 2019?
  • What are the different applications of bromine?

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

Table of Contents

1 Introduction (Page No. - 17)
    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. - 20)
    2.1 Market Definition and Scope
    2.2 Base Number Calculation
           2.2.1 Supply Side Approach
    2.3 Forecast Number Calculation
    2.4 Market Engineering Process
           2.4.1 Top-Down Approach
    2.5 Research Data
           2.5.1 Secondary Data
                    2.5.1.1 Key Data From Secondary Sources
           2.5.2 Primary Data
                    2.5.2.1 Key Data From Primary Sources
                    2.5.2.2 Key Industry Insights
                    2.5.2.3 Breakdown of Primary Interviews
    2.6 Research Assumptions

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Opportunities in Bromine Market
    4.2 Bromine Market, By Derivative
    4.3 Bromine Market in Asia Pacific, By Application and Country
    4.4 Bromine Market: Major Countries

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 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
           5.3.5 Intensity of Rivalry
    5.4 Macroeconomic Overview and Trends
           5.4.1 Introduction
           5.4.2 Trends and Forecast of GDP
           5.4.3 Trends of Oil & Natural Gas Prices

6 Bromine Market, By Derivative (Page No. - 44)
    6.1 Introduction
    6.2 Organobromine
           6.2.1 Organobromine Derivative Segment Accounted for the Largest Market Share
    6.3 Clear Brine Fluids
           6.3.1 Clear Brine Fluids Projected to Be the Fastest-Growing Derivative Segment in the Global Bromine Market
    6.4 Hydrogen Bromide (HBR)
           6.4.1 Growth in the Chemical, Plastics, and Pharmaceutical Industries is Expected to Drive the HBR Derivative Segment

7 Bromine Market, By Application (Page No. - 50)
    7.1 Introduction
    7.2 Flame Retardants
           7.2.1 Flame Retardants is the Largest Application Segment of the Bromine Market
    7.3 Water Treatment
           7.3.1 Water Treatment is the Fourth-Largest Application Segment in the Global Bromine Market
    7.4 Mercury Emission Control
           7.4.1 Mercury Emission Control to Be One of the Fastest-Growing Application Segments in the Bromine Market
    7.5 Oil & Gas Drilling
           7.5.1 Oil & Gas Drilling Accounted for the Second-Largest Share in the Global Bromine Market
    7.6 HBR Flow Batteries
           7.6.1 Growing Demand for HBR Flow Batteries in Asian Countries, Such as China & Japan, is Expected to Drive the HBR Application Segment
    7.7 Pta Synthesis
           7.7.1 Pta Synthesis Was the Third-Largest Application Segment  of the Global Bromine Market
    7.8 Pesticides
           7.8.1 Growing Demand From Countries Such as China and India is Expected to Drive the Market for Bromine in the Pesticides Application Segment
    7.9 Plasma Etching
           7.9.1 Plasma Etching is Among the Fastest-Growing Application Segments in the Global Bromine Market
    7.1 Pharmaceuticals
           7.10.1 High Demand From Pharmaceutical Industry, for Chemical Compounds Manufacturing and Drug Formulations, Drives the Market for Bromine in the Pharmaceuticals Application Segment
    7.11 Others

8 Bromine Market, By Region (Page No. - 61)
    8.1 Introduction
    8.2 Asia Pacific
           8.2.1 China
                    8.2.1.1 China Accounted for the Largest Share in the Global Bromine Market
           8.2.2 Japan
                    8.2.2.1 Japan Accounted for the Second-Largest Share in the Asia Pacific Bromine Market
           8.2.3 India
                    8.2.3.1 Growing Demand From Flame Retardants, Pesticides, and Water Treatment Application Segments Fuels the Growth of the Market for Bromine in India
           8.2.4 South Korea
                    8.2.4.1 South Korea Accounted for the Fourth-Largest Share in the Asia Pacific Bromine Market
           8.2.5 Taiwan
                    8.2.5.1 Growing Demand From the Flame Retardants Application Segment has Fueled the Growth of the Market for Bromine in Taiwan
           8.2.6 Rest of Asia Pacific
    8.3 North America
           8.3.1 US
                    8.3.1.1 US Accounted for the Largest Share in the North American Bromine Market
           8.3.2 Canada
                    8.3.2.1 Canada Accounted for the Second-Largest Share in the North American Bromine Market
           8.3.3 Mexico
                    8.3.3.1 Growing Demand From Flame Retardants Application Segment Fuels the Growth of the Market for Bromine in Mexico
    8.4 Western Europe
           8.4.1 Germany
                    8.4.1.1 Germany Accounted for the Largest Share in the Western European Bromine Market
           8.4.2 France
                    8.4.2.1 France Accounted for the Third-Largest Share in the Western European Bromine Market
           8.4.3 UK
                    8.4.3.1 UK Accounted for the Second-Largest Share in the Western European Bromine Market
           8.4.4 Rest of Western Europe
    8.5 Central & Eastern Europe
           8.5.1 Russia
                    8.5.1.1 Russia Accounted for the Largest Share in the Central and Eastern European Bromine Market
           8.5.2 Turkey
                    8.5.2.1 Growing Demand From Flame Retardants Application Segment Fuels Growth of the Market for Bromine in Turkey
           8.5.3 Rest of Central & Eastern Europe
    8.6 Middle East & Africa
    8.7 South America
           8.7.1 Brazil
                    8.7.1.1 Brazil Accounted for the Largest Share in the South America Bromine Market
           8.7.2 Argentina
                    8.7.2.1 Argentina Accounted for the Second-Largest Share in the South America Bromine Market
           8.7.3 Rest of South America

9 Competitive Landscape (Page No. - 110)
    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 LANXESS Corporation (US)
           9.4.2 Israel Chemicals Limited (Israel)
           9.4.3 Albemarle Corporation (US)
           9.4.4 Tosoh Corporation (Japan)
           9.4.5 Tata Chemicals Limited (India)
           9.4.6 TETRA Technologies Inc. (China)

10 Company Profiles (Page No. - 116)
(Business Overview, Products Offered, SWOT Analysis, and MnM View)* 
     10.1 Israel Chemicals Ltd.
     10.2 Albemarle Corporation
     10.3 LANXESS Corporation
     10.4 Tosoh Corporation
     10.5 TETRA Technologies, Inc.
     10.6 Gulf Resources Inc.
     10.7 Tata Chemicals Limited
     10.8 Hindustan Salts Limited
     10.9 Honeywell International Inc.
     10.10 Perekop Bromine
     10.11 Additional Company Profiles
             10.11.1 Sanofi Sa
             10.11.2 Aquachina Chemicals
             10.11.3 Morre-Tec Industries Inc.
             10.11.4 Solaris Chemtech
             10.11.5 Agrocel Industries Limited
             10.11.6 Shandong Yuyuan Group Co., Ltd.
             10.11.7 Shandong Haiwang Chemical Co., Ltd.
             10.11.8 Shandong Haihua Group Co., Ltd.
             10.11.9 Shandong Ocean Chemical Co., Ltd.
             10.11.10 Shandong Weifang Longwei Industrial Co., Ltd.
             10.11.11 Shandong Runke Chemical Engineering Co., Ltd.
             10.11.12 Dhruv Chem Industries
             10.11.13 Shandong Lubei Chemical Co., Ltd.
             10.11.14 Shandong Dadi Salt Chemical Group Co., Ltd.
             10.11.15 Shandong Haoyuan Group
*Details on Business Overview, Products Offered, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies. 

11 Appendix (Page No. - 144)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets  Subscription Portal
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (108 Tables)

Table 1 Global GDP Per Capita, USD Billion (2013–2019)
Table 2 Oil & Gas Prices Globally, USD/Bbl (2013–2019)
Table 3 Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 4 Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 5 Organobromine Market Size, By Region, 2017–2024 (USD Million)
Table 6 Organobromine Market Size, By Region, 2017–2024 (Kilotons)
Table 7 Clear Brines Fluids Market Size, By Region, 2017–2024 (USD Million)
Table 8 Clear Brines Fluids Market Size, By Region, 2017–2024 (Kilotons)
Table 9 Hydrogen Bromide Market Size, By Region, 2017–2024 (USD Million)
Table 10 Hydrogen Bromide Market Size, By Region, 2017–2024 (Kilotons)
Table 11 Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 12 Bromine Market Size in Flame Retardants, By Region, 2017–2024 (USD Million)
Table 13 Bromine Market Size in Water Treatment, By Region, 2017–2024 (USD Million)
Table 14 Bromine Market Size in Mercury Emission Control, By Region, 2017–2024 (USD Million)
Table 15 Bromine Market Size in Oil & Gas Drilling, By Region, 2017–2024 (USD Million)
Table 16 Bromine Market Size in HBR Flow Batteries, By Region, 2017–2024 (USD Million)
Table 17 Bromine Market Size in Pta Synthesis, By Region, 2017–2024 (USD Million)
Table 18 Bromine Market Size in Pesticides, By Region, 2017–2024 (USD Million)
Table 19 Bromine Market Size in Plasma Etching, By Region, 2017–2024 (USD Million)
Table 20 Bromine Market Size in Pharmaceuticals, By Region, 2017–2024 (USD Million)
Table 21 Bromine Market Size in Other Applications, By Region, 2017–2024 (USD Million)
Table 22 Bromine Market Size, By Region, 2017–2024 (USD Million)
Table 23 Bromine Market Size, By Region, 2017–2024 (Kilotons)
Table 24 Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 25 Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 26 Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 27 Asia Pacific: Bromine Market Size, By Country, 2017–2024 (USD Million)
Table 28 Asia Pacific: Bromine Market Size, By Country, 2017–2024 (Kilotons)
Table 29 Asia Pacific: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 30 Asia Pacific: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 31 Asia Pacific: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 32 China: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 33 China: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 34 China: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 35 Japan: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 36 Japan: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 37 Japan: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 38 India: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 39 India: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 40 India: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 41 South Korea: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 42 South Korea: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 43 South Korea: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 44 Taiwan: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 45 Taiwan: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 46 Taiwan: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 47 Rest of Asia Pacific: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 48 Rest of Asia Pacific: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 49 Rest of Asia Pacific: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 50 North America: Bromine Market Size, By Country, 2017–2024 (USD Million)
Table 51 North America: Bromine Market Size, By Country, 2017–2024 (Kilotons)
Table 52 North America: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 53 North America: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 54 North America: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 55 US: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 56 US: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 57 US: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 58 Canada: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 59 Canada: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 60 Canada: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 61 Mexico: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 62 Mexico: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 63 Mexico: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 64 Western Europe: Bromine Market Size, By Country, 2017–2024 (USD Million)
Table 65 Western Europe: Bromine Market Size, By Country, 2017–2024 (Kilotons)
Table 66 Western Europe: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 67 Western Europe: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 68 Western Europe: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 69 Germany: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 70 Germany: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 71 Germany: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 72 France: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 73 France: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 74 France: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 75 UK: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 76 UK: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 77 UK: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 78 Rest of Western Europe: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 79 Rest of Western Europe: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 80 Rest of Western Europe: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 81 Central & Eastern Europe: Bromine Market Size, By Country, 2017–2024 (USD Million)
Table 82 Central & Eastern Europe: Bromine Market Size, By Country, 2017–2024 (Kilotons)
Table 83 Central & Eastern Europe: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 84 Central & Eastern Europe: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 85 Central & Eastern Europe: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 86 Russia: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 87 Russia: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 88 Russia: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 89 Turkey: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 90 Turkey: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 91 Turkey: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 92 Rest of Central & Eastern Europe: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 93 Rest of Central & Eastern Europe: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 94 Rest of Central & Eastern Europe: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 95 Middle East & Africa: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 96 Middle East & Africa: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 97 Middle East & Africa: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 98 South America: Bromine Market Size, By Country, 2017–2024 (USD Million)
Table 99 South America: Bromine Market Size, By Country, 2017–2024 (Kilotons)
Table 100 Brazil: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 101 Brazil: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 102 Brazil: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 103 Argentina: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 104 Argentina: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 105 Argentina: Bromine Market Size, By Application, 2017–2024 (USD Million)
Table 106 Rest of South America: Bromine Market Size, By Derivative, 2017–2024 (USD Million)
Table 107 Rest of South America: Bromine Market Size, By Derivative, 2017–2024 (Kilotons)
Table 108 Rest of South America: Bromine Market Size, By Application, 2017–2024 (USD Million)


List of Figures (43 Figures)

Figure 1 Bromine Market Segmentation
Figure 2 Market Size Estimation: Top-Down Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
Figure 4 Organobromine Led Bromine Market, By Derivative, in 2018
Figure 5 Flame Retardants to Lead Bromine Market, By Application, Between 2019 and 2024
Figure 6 Region-Wise Evaluation of Bromine Market
Figure 7 Asia Pacific Dominated Bromine Market in 2018
Figure 8 Growing Demand in Flame Retardants and Mercury Emission Control to Drive Bromine Market Between 2019 and 2024
Figure 9 Clear Brine Fluids to Be Fastest-Growing Derivative Segment Between 2019 and 2024
Figure 10 Flame Retardants and China Accounted for Largest Share in Asia Pacific Bromine Market in 2018
Figure 11 China to Grow at Fastest Rate During Forecast Period
Figure 12 Drivers, Restraints, Opportunities, and Challenges in the Bromine Market
Figure 13 Porter’s Five Forces Analysis
Figure 14 Trends and Forecast of GDP of 25 Countries, USD Billion (2019)
Figure 15 Crude Oil Brent Witnessed the Sharpest Dip in Prices (2015–2019)
Figure 16 Organobromine Accounted for Largest Market Share in 2018, in Terms of Value
Figure 17 Flame Retardants Form Largest Application Segment for Bromine Market in 2018
Figure 18 Asian Countries, Such as India, China, and Japan, to Offer Lucrative Growth Opportunities in Bromine Market During Forecast Period
Figure 19 Asia Pacific Bromine Market Snapshot
Figure 20 North America Market Snapshot
Figure 21 Western Europe Market Snapshot
Figure 22 Central & Eastern Europe Market Snapshot
Figure 23 Middle East & Africa Market Snapshot
Figure 24 Bromine Market (Global) Competitive Leadership Mapping, 2018
Figure 25 Global Bromine Market: Key Players Ranking, 2018
Figure 26 Israel Chemicals Ltd.: Company Snapshot
Figure 27 Israel Chemicals Ltd.: SWOT Analysis
Figure 28 Albemarle Corporation: Company Snapshot
Figure 29 Albemarle Corporation: SWOT Analysis
Figure 30 LANXESS Corporation: Company Snapshot
Figure 31 LANXESS Corporation: SWOT Analysis
Figure 32 Tosoh Corporation: Company Snapshot
Figure 33 Tosoh Corporation: SWOT Analysis
Figure 34 TETRA Technologies, Inc.: Company Snapshot
Figure 35 TETRA Technologies, Inc.: SWOT Analysis
Figure 36 Gulf Resources Inc.: Company Snapshot
Figure 37 Gulf Resources Inc.: SWOT Analysis
Figure 38 Tata Chemicals Limited: Company Snapshot
Figure 39 Tata Chemicals Limited: SWOT Analysis
Figure 40 Hindustan Salts Limited: Company Snapshot
Figure 41 Hindustan Salts Ltd.: SWOT Analysis
Figure 42 Honeywell International Inc.: Company Snapshot
Figure 43 Honeywell International Inc.: SWOT Analysis

This study involved four major activities in estimating the current size of the bromine market. Exhaustive secondary research was undertaken to collect information on the bromine market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the bromine value chain through primary research. Both, the top-down and bottom-up approaches were employed to estimate the overall size of the market. Thereafter, the market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the bromine market.

Secondary Research

As a part of the secondary research process, various secondary sources such as Hoovers, Bloomberg, BusinessWeek, Reuters, and Factiva were referred for identifying and collecting information for this study on the bromine market. Secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, authenticated directories, and databases.
Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the monetary chain of the market, the total pool of players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both, market- and technology-oriented perspectives.

Primary Research

As a part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the bromine market. Primary sources from the supply side included industry experts such as chief executive officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the bromine market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries. Following is the breakdown of the primary respondents.

Bromine Market

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

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the bromine market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:

  • The key players in the industry and markets were identified through extensive secondary research.
  • The supply chain of the industry and the market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were used, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.

Objectives of the Report

  • To define, describe, and forecast the bromine market based on application, derivative, and region
  • To forecast the size of the market and its segments with respect to six main regions, namely, North America, Western Europe, Central & Eastern Europe, Asia Pacific, the Middle East & Africa, and South America, along with their respective key countries
  • To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To strategically analyze micro markets with respect to individual growth trends, future prospects, and contribution to the total market
  • To analyze the opportunities in the market for stakeholders and provide a detailed competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments, such as expansions, new product developments, agreement, investments, and merger & acquisitions, in the bromine market

The following customization options are available for the report:

  • Further breakdown of the Asia Pacific and Europe bromine markets
  • Product matrix, which gives a detailed comparison of the product portfolio of each company
  • Detailed analysis and profiles of additional market players (up to 3)
Report Code
CH 2363
Published ON
Nov, 2019
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