USA jobs
Bromine Market Size

Global Bromine Market Size, Share, Key Players, Trends, Growth, Analysis, Report, Forecast 2023-2028

No comments

The new report by Expert Market Research titled, ‘Global Bromine Market Size, Report and Forecast 2023-2028’, gives an in-depth analysis of the global bromine market, assessing the market based on its segments like type, application, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/bromine-market/requestsample

The key highlights of the report include:

Market Overview (2018-2028)

  • Historical Market Size (2020): USD 3.6 Billion
  • Forecast CAGR (2023-2028): 5%
  • Forecast Market Size (2026): USD 4.5 Billion

In 2020, the Asia Pacific area was one of the most important bromine markets. A increasing need for zinc-bromine flow batteries and rising use of flame-retardant products in Asia Pacific has fueled tremendous demand for organobromines. China is one of the region’s most important marketplaces.

China has one of the largest electronics manufacturing bases in the world. Smartphones, TVs, cables, and other electronic devices have seen the most increase in the electronics industry. The country not only meets domestic need for electronics, but it also exports them to other countries. Electronics production in China is predicted to increase as the middle-class population’s purchasing power grows, as does demand for electronic products exported from China. As the electronics and construction industries grow, demand for bromine-based batteries and flame retardants is likely to climb.

Other Post You May Be Interested In

India is also a key market producer. Flame retardants, bromine-based batteries, translucent salt solutions, and other products employ bromine. India’s electronics market is one of the country’s largest and fastest-growing industries. As labour prices rise, many businesses are shifting production from China to India to meet rising demand. Electronics manufacturing is predicted to develop as a result of government initiatives such as Digital India. During the projection period, these factors are expected to enhance bromine demand in the region.

Industry Definition and Major Segments

Bromine is a chemical that, through a variety of derivatives and compounds, is largely utilised as a fire retardant or fire prevention agent. These flame retardants are employed as inputs and end products in the manufacturing process.

Explore full report with table of contents: https://www.expertmarketresearch.com/reports/bromine-market

Based on type, the market is divided into:

  • Hydrogen Bromide
  • Organobromine
  • Bromide Salts
  • Others

Bromine finds wide application in the following segments:

  • Biocides
  • Flame Retardant
  • Bromine-Based Battery
  • Clear Brine Fluids (CBF)
  • Fine Chemicals
  • Agriculture Products
  • Others

The global regions for bromine market include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Between 2021 and 2026, bromine demand is predicted to rise significantly due to growing demand from the biocides, fire retardants, oil and gas drilling, plasma grafting, and PTA synthesis segments. Demand for bromine in a variety of industries, including cosmetics, textiles, pharmaceuticals, and agro-fumigants, is likely to drive up bromine consumption. In the coming years, bromine’s use in flame retardants is projected to continue to drive market expansion.

Key Market Players

The major players in the market are Israel Chemicals Ltd (ICL), LANXESS Corporation, Albemarle Corporation, Jordan Bromine Company (JBC), Tata Chemicals Ltd., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact:

Company Name: Claight Corporation
Contact Person: Frara Prih, Corporate Sales Specialist – U.S.A.
Email: sales@expertmarketresearch.com
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

SHARE NOW
Tagged with , ,

Leave a Reply

Your email address will not be published. Required fields are marked *