Bromine Derivatives Market: The Development Strategies Adopted By Major Key Players And To Understand The Competitive Scenario

The global bromine derivatives market is foreseen to touch the estimated value of USD 4.08 billion by 2025 while registering a growth rate of 4.4% CAGR.

Due to increasing industrialization across the globe, the demand for performance additives has been witnessing a surge, driving the global bromine derivatives in the coming years. A rise in the demand for bromine derivatives in the electronics, aerospace & defence, and biomedical sectors is expected to drive the market growth over the forecast period.

ResearchMoz shares detailed insights on the bromine derivatives market including market size, threats, challenges, and opportunities which would help the stakeholders to be thoughtful before taking their business decisions.

Crop Protection Technology Drives the Bromine Derivatives Market

The bromine derivative industry is one of the fastest-growing industries in the world due to the increasing demand from various countries across the world. The development and improvement in crop protection technology have increased the demand for bromine-based pesticides and this has increased the revenue for the bromine derivatives.

However, bromine is a highly corrosive element, it has been found that bromine can damage the environment due to its high corrosive property. Moreover, brominated flame retardants are suspected to have the potential to act as endocrine disruptors. Thus, regulatory concerns and controversies regarding the safety of brominated flame retardants have dampened the demand in the global bromine derivatives market.

Nonetheless, the bromine compounds have been used in numerous applications due to their antimicrobial properties. The bromine compounds have been found to have a wide range of applications in the field of healthcare, agriculture, and food processing, which would amplify the growth opportunities for the bromine derivatives market in the coming years.

Regional Overview

North America, being the largest consumer of bromine, is likely to dominate the global bromine derivatives market. Increasing consumption of bromine in North America is likely to fuel the growth of the market in the region. Increasing production of shale gas in the region has also resulted in increasing demand for bromine. Moreover, bromine is also used in the production of pesticides and other industrial products, which is expected to further fuel the growth of the market in the region.

Factors such as high electricity consumption, high costs of production, and regulatory issues are restraining the growth of the bromine derivatives market in Europe. Increasing demand for bromine due to increasing demand for pharmaceutical and food additives fuelling the growth in the Asia Pacific region.

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Major Players

  • LANXESS CORPORATION
  • PEREKOP Bromine
  • TATA CHEMICALS LIMITED
  • TETRA Technologies, INC.
  • Tosoh Corporation
  • Honeywell International INC.
  • Israel Chemicals Limited
  • Gulf Resources Inc
  • Albemarle Corporation
  • Hindustan Salts Limited

 Product Outlook

  • Brominated Polystyrene
  • Tetrabromobisphenol A
  • Calcium Bromide
  • Sodium Bromide
  • Zinc Bromide
  • Hydrobromic Acid
  • Decabromodiphenyl Ethane (DBDPE)
  • Others

Application Outlook

  • Flame Retardants
  • Organic Intermediates
  • Oil & gas
  • Biocides
  • PTA Synthesis
  • Others

Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Greece
  • The Netherlands

Asia Pacific

  • Japan
  • China
  • India

Latin America

  • Mexico
  • Brazil
  • Argentina

Middle East & Africa

  • South Africa
  • Saudi Arabia
  • UAE

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