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Report Outlook
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 4.70 billion by 2029 | 4.5% | Asia Pacific |
| By Derivative | By Application | By Region |
|---|---|---|
|
|
|
SCOPE OF THE REPORT
Bromine Market Overview
The bromine market is expected to grow at 4.5% CAGR from 2022 to 2029. It is expected to reach above USD 4.70 billion by 2029 from USD 3.16 billion in 2020.
Chlorine and iodine-like characteristics can be found in the chemical compound bromine. It smells bad and is a dark crimson, poisonous liquid that fumes. The naturally occurring substance bromine is very responsive in behaviour. It is the third halogen group member and is present in brines, underground wells, and salts found in seawater. The main purpose of bromine is to clean or sterilize water. It is a crystalline, colourless mineral halide salt that is extracted from brine pools. Organ bromine, hydrogen bromide, and clear brine fluids are just a few examples of the several bromine derivatives that are utilized in a variety of end-use sectors. Brominated chemicals are used to clean the water in hot tubs and swimming pools as well as to control bacterial and algal growth in industrial processes. As a flame retardant for plasma etching in semiconductors in the electronic and automotive industries, as well as for mercury mitigation in coal-fired power plants, bromine is widely used in these fields.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion) (Kilotons) |
| Segmentation | By Derivative, By Application, By Region |
| By Derivative |
|
| By Application |
|
| By Region |
|
According to projections, the market for bromine will develop as a result of the rising demand for plastic in the automobile industry. Growing environmental concerns are expected to fuel the substitution of metal with plastic in the manufacturing of lightweight automobiles, which will boost the growth of the bromine market. Moreover, plastic is in high demand from producers of electronic components for uses including switches, wire & cables, connectors, and PCBs. Moreover, the market for bromine is expanding due to the increased need for disinfectants and biocides. It is predicted that constraints including rising environmental concerns brought on by bromine-related soil and water pollution will restrain expansion over the forecast period. Also, the development of non-halogenated flame retardants and considerable swings in the price of oil and gas are potential obstacles to the overall expansion of the worldwide bromine market. However, there are encouraging prospects due to technological advancements, an increase in the usage of hydrogen bromide in flow batteries, and undiscovered markets in developing nations.
The broad range of uses for bromine in a variety of sectors, including electronics, agriculture, oil and gas, and medicines, is one of the main factors driving the worldwide bromine market. Bromine is a chemical that is utilized in the oil and gas sector as a flame retardant in drilling fluids as well as a completion fluid. While it is employed as a fumigant and pesticide in agriculture, bromine is also utilized to synthesis a variety of medications in the pharmaceutical business. The demand for brominated flame retardants in electronic products including TVs, laptops, and smartphones is also anticipated to fuel market expansion.
The global bromine market has been significantly impacted by the COVID-19 pandemic. Several businesses, especially those that use a lot of bromine, such as oil and gas, electronics, and construction, were forced to close their doors as a result of the pandemic. The global bromine market shrank as a result of decreased demand from these sectors, supply chain problems, and production stoppages. Yet, the bromine market has also begun to show signs of recovery as the world has adjusted to the pandemic and industries have restarted operations. Since individuals spent more time at home and increasingly relied on electronics for work and enjoyment, the demand for bromine-based flame retardants in electronic gadgets increased. This contributed to the market’s expansion. Market expansion has also been aided by the expanding demand for bromine-based products in agriculture, particularly for fumigants and insecticides. In order to protect crops from pests and illnesses, the pandemic has raised attention on food security, which has led to a rise in the usage of goods containing bromine in agriculture. The market’s expansion may also be hampered by the continuous supply chain interruptions and logistical problems.
Bromine Market Segment Analysis
Bromine market is segmented based on derivative, application, and region.
Based on derivative, a significant portion of the market was made up of organo bromine. Since it is widely used in water treatment, insecticides, and flame retardants. A brominated organic molecule called organ bromine also has an organic moiety. Tetrabromobisphenol-A, hexabromocyclododecane, and bromodiphenyl ethers are only a few examples of the organ bromine compounds that are utilized as flame retardants in a variety of sectors, primarily electronics, textiles, and plastics. Flame retardants and biocides are two of organ bromine’s main uses. A few organ bromine derivatives are also employed in water treatment processes, like pool and spa cleaning.
Based on application, a significant portion of the market was made up of flame retardants. The expanding need for flame retardants from the automotive, electronics, construction & infrastructure, rubber, and textile industries is credited with this dominance. There are several uses for brominated chemicals across numerous sectors. Flame retardants are the primary application for bromine compounds. By engaging with the fire cycle while it is in the gaseous phase, bromine puts out fires by halting the chemical chain reaction. BFRs (brominated flame retardants) are substances that include bromine and are added to other substances to slow or prevent combustion. When compared to other commercially available chemical flame retardants, brominated flame retardants are utilized more frequently.
Bromine Market Players
The Market research report covers the analysis of Market players. Key companies profiled in the report   include Tosoh Corporation, TATA chemicals Ltd., Hindustan Salt Ltd., Chemtura Corporation, Albemarle Corporation, Jordon Bromine Co., Archean Group, Vinyl KFT, LANXESS AG, Perekop Bromine
- Considering recent trends in business performance, Tosoh Corporation has revised the fiscal year 2023 consolidated financial results it forecasted on August 2, 2022.
- Tata Chemicals efforts lead to zero poaching of Whale Sharks in Gujarat
Who Should Buy? Or Key Stakeholders
- Chemicals industries
- Chemicals & Materials
- Research and development institutes
- Raw material suppliers
- Nationalized laboratories
- Potential investors
- Others
Bromine Market Regional Analysis
The bromine market by region includes North America, Asia-Pacific (APAC), Europe, South America, And Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
The greatest revenue share in 2021 over 53% was accounted for by Asia Pacific. This dominance is anticipated to remain in the upcoming years due to the rising demand for medicines, agrochemicals, and flame retardants with a bromine base in the area. Due to their rapid industrialisation and expanding use of items containing bromine across numerous industries, nations like China and India are significant consumers of bromine. Also, the region’s dominance in the worldwide bromine industry has been aided by the accessibility of inexpensive labour and raw materials there. The main use of bromine in China is for flame retardants. The largest base for the production of electronics is located in China. The electronics segment’s fastest-growing product categories were wires, cables, computing equipment, and other personal electronic gadgets. The nation meets the demand for electronics domestically and exports electronic products to other nations, creating a significant market for bromine. Because of the expanding electric car market in the area, China is one of the key markets for zinc-bromine flow batteries.
Key Market Segments: Bromine Market
Bromine Market By Derivative, 2020-2029, (USD Billion), (Kilotons)
- Organo Bromine
- Clear Brine Fluids
- Hydrogen Bromide
Bromine Market By Application, 2020-2029, (USD Billion), (Kilotons)
- Flame Retardants
- Oil & Gas Drilling
- Pta Synthesis
- Water Treatment
- Others
Bromine Market By Region, 2020-2029, (USD Billion), (Kilotons)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives:
- Increasing sales and Market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the bromine market over the next 7 years?
- Who are the major players in the bromine market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-pacific, middle east, and Africa?
- How is the economic environment affecting the bromine market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the bromine market?
- What is the current and forecasted size and growth rate of the global bromine market?
- What are the key drivers of growth in the bromine market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the bromine market?
- What are the technological advancements and innovations in the bromine market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the bromine market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the bromine market?
- What are the products offerings and specifications of leading players in the market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL BROMINE MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON BROMINE MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL BROMINE MARKET OUTLOOK
- GLOBAL BROMINE MARKET BY DERIVATIVE, 2020-2029, (USD BILLION), (KILOTONS)
- ORGANO BROMINE
- CLEAR BRINE FLUIDS
- HYDROGEN BROMIDE
- GLOBAL BROMINE MARKET BY APPLICATION, 2020-2029, (USD BILLION), (KILOTONS)
- FLAME RETARDANTS
- OIL & GAS DRILLING
- PTA SYNTHESIS
- WATER TREATMENT
- OTHERS
- GLOBAL BROMINE MARKET BY REGION, 2020-2029, (USD BILLION), (KILOTONS)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
-
- TOSOH CORPORATION
- TATA CHEMICALS LTD.
- HINDUSTAN SALT LTD
- CHEMTURA CORPORATION
- ALBEMARLE CORPORATION
- JORDON BROMINE CO
- ARCHEAN GROUP
- VINYL KFT
- LANXESS AG
- PEREKOP BROMINE
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 2 GLOBAL BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 3 GLOBAL BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 4 GLOBAL BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 5 GLOBAL BROMINE MARKET BY REGION (USD BILLION), 2020-2029
TABLE 6 GLOBAL BROMINE MARKET BY REGION (KILOTONS), 2020-2029
TABLE 7 NORTH AMERICA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 8 NORTH AMERICA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 9 NORTH AMERICA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 11 NORTH AMERICA BROMINE MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA BROMINE MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 13 US BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 14 US BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 15 US BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16 US BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 17 CANADA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 18 CANADA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 19 CANADA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 20 CANADA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 21 MEXICO BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 22 MEXICO BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 23 MEXICO BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 24 MEXICO BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 25 SOUTH AMERICA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 26 SOUTH AMERICA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 27 SOUTH AMERICA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 28 SOUTH AMERICA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 29 SOUTH AMERICA BROMINE MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 30 SOUTH AMERICA BROMINE MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 31 BRAZIL BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 32 BRAZIL BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 33 BRAZIL BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34 BRAZIL BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 35 ARGENTINA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 36 ARGENTINA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 37 ARGENTINA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 38 ARGENTINA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 39 COLOMBIA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 40 COLOMBIA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 41 COLOMBIA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42 COLOMBIA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 43 REST OF SOUTH AMERICA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 44 REST OF SOUTH AMERICA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 45 REST OF SOUTH AMERICA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 46 REST OF SOUTH AMERICA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 47 ASIA-PACIFIC BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 48 ASIA-PACIFIC BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 49 ASIA-PACIFIC BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 50 ASIA-PACIFIC BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 51 ASIA-PACIFIC BROMINE MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 52 ASIA-PACIFIC BROMINE MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 53 INDIA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 54 INDIA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 55 INDIA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 56 INDIA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 57 CHINA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 58 CHINA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 59 CHINA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60 CHINA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 61 JAPAN BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 62 JAPAN BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 63 JAPAN BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 64 JAPAN BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 65 SOUTH KOREA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 66 SOUTH KOREA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 67 SOUTH KOREA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 68 SOUTH KOREA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 69 AUSTRALIA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 70 AUSTRALIA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 71 AUSTRALIA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 72 AUSTRALIA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 73 SOUTH EAST ASIA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 74 SOUTH EAST ASIA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 75 SOUTH EAST ASIA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 76 SOUTH EAST ASIA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 77 REST OF ASIA PACIFIC BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 78 REST OF ASIA PACIFIC BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 79 REST OF ASIA PACIFIC BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80 REST OF ASIA PACIFIC BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 81 EUROPE BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 82 EUROPE BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 83 EUROPE BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 84 EUROPE BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 85 EUROPE BROMINE MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 86 EUROPE BROMINE MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 87 GERMANY BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 88 GERMANY BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 89 GERMANY BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 90 GERMANY BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 91 UK BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 92 UK BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 93 UK BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 94 UK BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 95 FRANCE BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 96 FRANCE BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 97 FRANCE BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98 FRANCE BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 99 ITALY BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 100 ITALY BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 101 ITALY BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 102 ITALY BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 103 SPAIN BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 104 SPAIN BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 105 SPAIN BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 106 SPAIN BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 107 RUSSIA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 108 RUSSIA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 109 RUSSIA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110 RUSSIA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 111 REST OF EUROPE BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 112 REST OF EUROPE BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 113 REST OF EUROPE BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 114 REST OF EUROPE BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 115 MIDDLE EAST AND AFRICA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 116 MIDDLE EAST AND AFRICA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 117 MIDDLE EAST AND AFRICA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 118 MIDDLE EAST AND AFRICA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 119 MIDDLE EAST AND AFRICA BROMINE MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 120 MIDDLE EAST AND AFRICA BROMINE MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 121 UAE BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 122 UAE BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 123 UAE BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124 UAE BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 125 SAUDI ARABIA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 126 SAUDI ARABIA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 127 SAUDI ARABIA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 128 SAUDI ARABIA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 129 SOUTH AFRICA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 130 SOUTH AFRICA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 131 SOUTH AFRICA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 132 SOUTH AFRICA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 133 REST OF MIDDLE EAST AND AFRICA BROMINE MARKET BY DERIVATIVE (USD BILLION), 2020-2029
TABLE 134 REST OF MIDDLE EAST AND AFRICA BROMINE MARKET BY DERIVATIVE (KILOTONS), 2020-2029
TABLE 135 REST OF MIDDLE EAST AND AFRICA BROMINE MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136 REST OF MIDDLE EAST AND AFRICA BROMINE MARKET BY APPLICATION (KILOTONS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL BROMINE MARKET BY DERIVATIVE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL BROMINE MARKET BY APPLICATION, USD BILLION, 2020-2029
FIGURE 10 GLOBAL BROMINE MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL BROMINE MARKET BY DERIVATIVE, USD BILLION, 2021
FIGURE 13 GLOBAL BROMINE MARKET BY APPLICATION, USD BILLION, 2021
FIGURE 14 GLOBAL BROMINE MARKET BY REGION, USD BILLION, 2021
FIGURE 15 MARKET SHARE ANALYSIS
FIGURE 16 PEREKOP BROMINE: COMPANY SNAPSHOT
FIGURE 17 LANXESS AG: COMPANY SNAPSHOT
FIGURE 18 VINYL KFT: COMPANY SNAPSHOT
FIGURE 19 ARCHEAN GROUP: COMPANY SNAPSHOT
FIGURE 20 JORDON BROMINE CO.: COMPANY SNAPSHOT
FIGURE 21 ALBEMARLE CORPORATION: COMPANY SNAPSHOT
FIGURE 22 CHEMTURA CORPORATION: COMPANY SNAPSHOT
FIGURE 23 HINDUSTAN SALT LTD.: COMPANY SNAPSHOT
FIGURE 24 TATA CHEMICALS LTD.: COMPANY SNAPSHOT
FIGURE 25 TOSOH CORPORATION: COMPANY SNAPSHOT
FAQ
The bromine market is expected to grow at 4.5% CAGR from 2022 to 2029. It is expected to reach above USD 4.70 Billion by 2029 from USD 3.16 Billion in 2020.
Asia Pacific held more than 53% of the Bromine Market revenue share in 2021 and will witness expansion in the forecast period.
The water in hot tubs and swimming pools is cleaned with brominated chemicals, which are also used to suppress bacterial and algal growth in industrial processes. Bromine is frequently utilized in various sectors as a flame retardant for plasma etching in semiconductors in the electronic and automotive industries as well as for mercury mitigation in coal-fired power plants. According to predictions, the growing demand for plastic in the auto industry will lead to the growth of the bromine market. Increasing environmental concerns will likely encourage manufacturers of lightweight cars to use plastic instead of metal, which will propel the growth of the bromine market.
The greatest revenue share was accounted for by asia pacific. Due to the increasing demand for medications, agrochemicals, and flame retardants with a bromine base in the region, it is projected that this dominance will continue in the years to come. Countries like China and India are major consumers of bromine due to their fast industrialization and rising use of products containing bromine across many industries. The availability of cheap labour and raw materials there has also contributed to the region’s supremacy in the global bromine industry. Flame retardants are the primary application for bromine in China. China is the country with the biggest base for the manufacture of electronics. The fastest-growing product categories in the electronics sector were wires, cables, computing devices, and other small electronic devices.
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