The global Bromine & Derivatives market was valued at US$ 4815.9 million in 2019 and it is expected to reach US$ 5714.4 million by the end of 2026, growing at a CAGR of 2.5% during 2021-2026.
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.
The Bromine derivatives are the chemical which chemical functional groups are replaced by the Bromine.
In the recent years, bromine and derivatives capacity showed a trend of steady growth. At present, the major manufacturers of bromine are concentrated in ICL, Albemarle and Lanxess. ICL is the world’s largest bromine and derivatives producer. ICL’s sales in 2019 is 321.58 K MT, accounting for 30% of the global share.
Global Bromine & Derivatives Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Bromine & Derivatives Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are ICL, Albemarle, Lanxess, Jordan Bromine Company (JBC), Tosoh, Solaris Chemtech (SCIL), Perekop Bromine, Yuyuan Group, Haiwang Chemical, Dadi Salt Chemical Group, Chengyuan Salt Chemical, Lubei Chemical, Runke Chemical, Haihua Group, Tata Chemicals, Gulf Resources, Tetra Technologies and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
- Bromine Derivatives
Segment by Application
- Flame Retardants
- Drilling Fluids
- Chemical Intermediate
- Water Treatment
Table of Content:
1 Bromine & Derivatives Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Bromine & Derivatives Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Bromine & Derivatives Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta