+1-888-308-5802     
News Contact Us

Bromine Market Size 2024 To Register Extensive Growth Via Agrochemicals & Biocides Sectors

Author : Ronak Bora | Published Date : 2019-05-29 

The latest Bromine Market Research Report 2024 contains complete Industry outlook, market manufacturers and key statistics analysis. The industry sales & Share, trends are all discussed, explained and analyzed. It provides marketing strategy analysis, distributors/traders list, raw materials analysis, import and export analysis, key success factors and supply chain analysis.

Global Bromine Market size is likely to reach close to USD 9 billion by 2024 projecting a CAGR of around 13% over the projected time frame. Bromine is a naturally occurring element and is widely used as a reactant, catalyst, and an element for synthesizing various products such as biocides, water disinfectant, agrochemicals, flame retardants, dyes, photographic chemicals, completion fluids and pharmaceutical intermediates. This is due to continually rising production of bromine for automobile, agriculture and electronic industry where as oil and gas contributes the most for growing market. Strong growth in oil and gas drilling sector contributes as a major driving force for the market due to requirement of product derivatives as completion fluid to mitigate possibility of damage to well bore. Organobromine derivative is extensively used as flame retardant in automotive and electronic industry where as ethyl and methyl bromides are used as fumigants in agriculture industry. Electronic, automotive and agriculture is anticipated to show considerable growth by 2024 thereby contributing towards rising production of the product globally.

Request for a Table of Content of this research report @ https://www.gminsights.com/request-toc/upcoming/1251

The bromine market product has widespread application as Flame retardants, Oil and Gas drilling, Biocides, Plasma etching, Medicinal, HBr flow battery, Fumigant synthesis, PTA synthesis and others. Oil and gas is anticipated to grow at a CAGR of over 3% during the forecast period henceforth contributing to the rise in product demand globally. The demand is likely to rise further due to bromine usage in flow battery, and increasing consumption as disinfectant and fumigant.

The Bromine Market is broadly classified based on its end users which are Chemicals, Pharmaceuticals, Automotive, Cosmetics, Pesticides, Textile, Construction, Oil and Gas, Water treatment, Agriculture, Ship building and others. Chemical segment is likely to project growth of over 3.5 % amongst end users during the forecast period. Oil and gas end user is probable to grow due to high demand of Organobromines and clear brine fluids in drilling sector henceforth contributing to increasing demand of the product globally. There is increase in demand of drilling fluids in Gulf of Mexico and offshore US due to shale discovery. Electronics segment is likely to witness a slow growth due to government restrictions on usage of flame retardants.

Asia Pacific is a Bromine Market and is anticipated to show considerable growth, China being the major player and largest producer of the product after US. North America and Europe are already mature market due to limited consumption of the product as flame retardant is banned on environmental safety grounds. The product consumption is likely to grow in Latin America due on going oil exploration activity in Mexico resulting in massive growth of the industry over the globe.

Request for a Customization of this research report @ https://www.gminsights.com/roc/1251

The key global players of the Bromine Market are Chemtura Corporation, Albemarle Corporation, Sanofi S.A, Honeywell International Inc., Tata Chemicals, Jordan Bromine Company, Gulf Resources, Tosoh Corporation, Perekop Bromine, Hindustan Salts Ltd., and Tetra Technologies Inc. The market is highly consolidated and majority of growth is predicted in Asia Pacific region due to industrial expansion to meet demand. There are possibilities of new entrants during the forecast period.

 

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

Contact Us:

Arun Hegde

Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

Toll Free: 1-888-689-0688

Email: [email protected]

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

Related News

Bitumen Market will experience considerable growth up to 2025

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Bitumen Market Research Report’. in this report, analysts have provided a detailed evaluation of the global Bitumen market. the report is inclusive of a completely comprehensive study of the Bitumen market alongside all... Read More

Fluorspar Market Growth Between 2019 to 2024 - By Type, Raw Material, Application, Companies, Region-Forecasts

Published Date: 2019-11-13         Author: Ronak Bora

Global Market Insights has recently published a study titled ‘Global Fluorspar Market Research Report’. in this report, analysts have provided a detailed evaluation of the global fluorspar market. the report is inclusive of a completely comprehensive study of the fluorspar market alongsi... Read More

Phosphate Rock Market: What are the main applications and challenges?

Published Date: 2019-11-12         Author: Ronak Bora

The research study on ‘Modest recovery in Global Phosphate Rock Market’ is inclusive of a detailed summary of this industry. A highly focused approach on the subjective research has been undertaken, with the description of product scope and elaborate industry insights and outlook until 2... Read More

© 2019 Fractovia. All Rights Reserved