The global Bromine Derivatives market is projected to grow from USD 4.25 Bn in 2021 to 6.21 Bn by 2030, at a CAGR of 4.3% in forecast period, 2022-2030.
The increased adoption of Bromine Derivatives in the Organic Chemicals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Bromine Derivatives also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Bromine Derivatives in many sectors also boosts the market growth during the forecast period.
Bromine is the third-lightest halogen compound and has the atomic number 35. At room temperature, it is a fuming red-brown liquid with characteristics comparable to chlorine and iodine. Bromine derivatives are commonly employed in mercury emission control and halogenated flame retardants. Furthermore, bromine derivatives are employed in the production of rechargeable batteries. Pharmaceuticals, agriculture, and electronics, as well as building construction, are some of the end-use applications of bromine compounds.
Bromine Derivatives Market Research Report” was just released by Market Research Community. It is divided into several categories, including Product type (Sodium Bromide, Calcium Bromide, Zinc Bromide, TBBPA, DPDPE, Others), application (Flame Retardants, Safety Apparel, Organic Intermediates, Oil & Gas Drilling, Biocides, PTA Synthesis, Others), End Use (Chemical, Construction, Oil & Gas, Pharmaceuticals, Electronics, Others) and companies (Hindustan Salts Limited, Mil-Spec Industries Corp., Solaris Chemtech Industries Limited, DSL Chemicals (Shanghai) Co. Ltd., Jordan Bromine Company, Israel Chemicals Limited, Lanxess AG, Albemarle Corporation, Tosoh Corporation, Tata Chemicals Limited, Tetra Technologies Inc., Neogen Chemicals Limited), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.3%, over the forecast period of 2022–2030
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||6.21 Billion|
|By Product Type||Sodium Bromide, Calcium Bromide, Zinc Bromide, TBBPA, DPDPE, Others|
|By Application||Flame Retardants, Safety Apparel, Organic Intermediates, Oil & Gas Drilling, Biocides, PTA Synthesis, Others|
|By End Use||Chemical, Construction, Oil & Gas, Pharmaceuticals, Electronics, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Hindustan Salts Limited, Mil-Spec Industries Corp., Solaris Chemtech Industries Limited, DSL Chemicals (Shanghai) Co. Ltd., Jordan Bromine Company, Israel Chemicals Limited, Lanxess AG, Albemarle Corporation, Tosoh Corporation, Tata Chemicals Limited, Tetra Technologies Inc., Neogen Chemicals Limited|
The COVID-19 pandemic has had a substantial negative influence on the Bromine Derivatives market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Hindustan Salts Limited, Mil-Spec Industries Corp., Solaris Chemtech Industries Limited, DSL Chemicals (Shanghai) Co. Ltd., Jordan Bromine Company, Israel Chemicals Limited, Lanxess AG, Albemarle Corporation, Tosoh Corporation, Tata Chemicals Limited, Tetra Technologies Inc., Neogen Chemicals Limited
Market Segment Analysis:
- Flame Retardants
- Safety Apparel
- Organic Intermediates
- Oil & Gas Drilling
- PTA Synthesis
By Product Type
- Sodium Bromide
- Calcium Bromide
- Zinc Bromide
- Oil & Gas
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Bromine Derivatives industries in the region.
Key Bromine Derivatives Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Bromine Derivatives Market segments.
– Largest Market Share Held by Industry to Industry for Bromine Derivatives
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Bromine Derivatives Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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