The report "Bromine Market by Derivative (Organobromine, Clear Brine Fluids and Hydrogen Bromide), Application (Flame Retardants, PTA Synthesis, Water Treatment & Biocides, HBR Flow Batteries), End-User & Region - Global Forecast to 2028", is expected to grow from USD 3.6 billion in 2023 to USD 4.4 billion by 2028, at a CAGR of 4.2%. The major factors driving the bromine market is extensive consumption in diversified applications, such as flame retardants, plasma etching, water treatment, pesticide formulation, among others.
Browse 391 market data Tables and 51 Figures spread through 321 Pages and in-depth TOC on "Bromine Market by Derivative (Organobromine, Clear Brine Fluids and Hydrogen Bromide), Application (Flame Retardants, PTA Synthesis, Water Treatment & Biocides, HBR Flow Batteries), End-User & Region - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/bromine-market-42782196.html
By derivative, the organobromine segment accounted for the highest share of bromine market during 2023 to 2028.
The organobromine segment, by derivative, market accounted highest share. Flame retardants and biocides are some of the major applications of organobromine. Some organobromine derivatives are also used in water treatment applications, such as cleaning up pools and spas. Organobromine is used in various industries such as electronics, textiles, and plastics.
By application, the flame retardants segment accounted for the highest share of the bromine market during 2023 to 2028.
The flame retardants segment, by application, market accounted for the highest share. Brominated flame retardants such as polybrominated diphenyl ethers (PBDEs), polybrominated biphenyl (PBB), and brominated cyclo-hydrocarbons are used for various applications. Stringent fire safety regulations and expanding shipbuilding industries drive demand for flame retardants worldwide. Brominated flame retardants are used in computer, television, home appliances, electrical wires and many other products.
Asia Pacific is the largest region in the Bromine market.
Increasing use of flame retardants in various countries is the major driving factor of the bromine market in the region. The region is one of the major manufacturers and importers of bromine and its related products. The market in Asia Pacific is witnessing the highest growth rate due to the rapid economic expansion of various countries and the increasing consumption of bromine by major industries such as automobile, oil & gas , among others. China is one of leading market of bromine in the region. Due to the growing demand of brominated flame retardants, the demand of organobromine derivative of bromine is increasing in the region.
The major players operating in the bromine market include ICL Group Ltd. (Israel), Albemarle Corporation (US), LANXESS AG (Germany), Tosoh Corporation (Japan), TETRA Technologies, Inc. (US), Solaris Chemtech Industries Ltd. (India), TATA Chemicals Ltd. (India), Hindustan Salts Ltd. (India), Honeywell International Inc. (US), Gulf Resources, Inc. (China), Agrocel Industries Pvt Ltd. (India), Satyesh Brinechem Pvt. Ltd. (India) and others.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Aashish Mehra
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441