Bromine (Br2) is a reddish brown liquid that gives off dark red, highly corrosive fumes having a sharp, penetrating odor. It is indispensable raw material for inorganic pharmaceuticals, photosensitive materials, dyes and medicine. It is also the base ingredient used in the manufacturing of hydrobromic acid (HBr) which is further utilized as a raw material for organic intermediates and medicines including lithium bromide and terephthalic acid. It is obtained from seawater, natural brines, or as the by -product brines of potash recovery.
In the recent years, bromine capacity showed a trend of steady growth. At present, the major manufacturers of bromine are concentrated in ICL, Albemarle and Chemtura Corporation. ICL-IP is the world's largest bromine producer having access to the largest and richest bromine reserves at the Dead-Sea. China is the largest producer and consumers in Asian.
Regionally, Middle East the major world producer of Bromine, followed by USA. Leading supplier in Middle East are ICL and Jordan Bromine Company (JBC). Albemarle and Chemtura Corporation are only two suppliers from USA.
Apart from dead sea, recovery of Bromine form brine well is mainly done in US, China mainly extract from underground water, while India mainly extract from lake.
Still the largest end-use for bromine compounds, flame retardants account for 40.37% of world bromine consumption in 2017. Other promising new sectors for bromine include swimming pool disinfectants, industrial water treatment, air conditioning absorption systems and precious metal leaching. About 31.77% of bromine is consumed in the US, with 9.00% in Europe and 31.77% in Middle East. Flame retardant agent is usually produced close with bromine.
According to this study, over the next five years the Bromine market will register a 2.8% CAGR in terms of revenue, the global market size will reach US$ 2320 million by 2024, from US$ 1960 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Bromine business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Bromine market by product type, application, key manufacturers and key regions and countries.
This study considers the Bromine value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Seawater Method
Brine Water Method
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Flame Retardants
Biocides
Drilling Fluids
Chemical Intermediate
Water Treatment
Others
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
ICL
Albemarle
Chemtura Corporation
Jordan Bromine Company (JBC)
Tosoh
Solaris Chemtech (SCIL)
Perekop Bromine
Yuyuan Group
Haiwang Chemical
Haihua Group
Haoyuan Group
Dadi Salt Chemical Group
Longwei Industrial
Chengyuan Salt Chemical
Weifang Zhongfa Chemical
Lubei Chemical
Runke Chemical
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Bromine consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Bromine market by identifying its various subsegments.
Focuses on the key global Bromine manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Bromine with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Bromine submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Bromine . Industry analysis & Market Report on Bromine is a syndicated market report, published as Global Bromine Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Bromine market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.