Latest
industry research report on: Global Bromine Market : Industry Size,
Share, Research, Reviews, Analysis, Strategies, Demand, Growth,
Segmentation, Parameters, Forecasts
Bromine is a chemical element
with symbol Br and atomic number 35. It is the third-lightest halogen
and it exists in the form of fuming red-brown liquid at room
temperature. The commercial source of bromine is brine pools. Major
producers of bromine are Israel, the U.S., and China. The mass of
bromine in oceans is about 0.0033 times to that of chlorine.
The report estimates and
forecasts the bromine market on the global and regional levels. The
study provides forecast between 2017 and 2025 based on volume (tons)
and revenue (US$ Mn) with 2015 as the base year. The report comprises
an exhaustive value chain analysis for each of the segments. It
provides a comprehensive view of the market. Value chain analysis
also offers detailed information about value addition at each stage.
The study includes drivers and
restraints for the Bromine market along with their impact on demand
during the forecast period. The study also provides key market
indicators affecting the growth of the market. The report analyzes
opportunities in the Bromine market on the global and regional level.
Drivers, restraints, and opportunities mentioned in the report are
justified through quantitative and qualitative data. These have been
verified through primary and secondary resources. Furthermore, the
report analyzes substitute analysis of Bromine and global average
price trend analysis.
Global
Bromine Market: Segmentation
The
study provides a comprehensive view of the bromine market by dividing
it into application and geography segments. The applications are
segmented into flame retardants, drilling fluids, biocides,
catalysts, water treatment, and others. These segments have been
analyzed based on historic, present, and future trends.
Regional
segmentation includes the current and forecast consumption of bromine
in North America, Latin America, Europe, Asia Pacific, and Middle
East & Africa (MEA). Market segmentation includes demand for
consumption in all the regions individually.
Bromine
has applications in brominated flame retardants, as clear brine
fluids in drilling fluids, water treatment, biocides among others.
The major application of bromine is observed in flame retardants,
followed by drilling fluids as clear brine fluids. Clear brine fluids
are industrial fluids used in various operations in the oil & gas
industry such as completion, work-over, and drilling. Brominated
flame retardants (BFRs) are effective in applications such as
electronics, clothes, and furniture.
Major
application of bromine is in the manufacturing of BFRs for textiles
and polymer. However, the market for BFRs has been declining over a
decade due to various regulations and legislation that either seek
compliance with limited BFR content or ban the product altogether.
The declining usage of bromine in flame retardants is acting as a
major restraint to the bromine market.
Major
usage of bromine in water treatment is in industrial water treatment
and residential & commercial water purification. Bromine is used
to prevent the formation and growth of algae, bacteria, and odors in
the swimming water. Rise in adoption of water treatment chemicals is
anticipated to keep the market prospects upbeat.
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Global Bromine Market:
Competitive Analysis
The report includes Porter’s
Five Forces Model to determine the degree of competition in the
bromine market. The report comprises a qualitative write-up on market
attractiveness analysis, wherein end-users and regions have been
analyzed based on attractiveness for each region. Growth rate, market
size, raw material availability, profit margin, impact strength,
technology, competition, and other factors (such as environmental and
legal) have been evaluated in order to derive the general
attractiveness of the market. The report comprises price trend
analysis for bromine market between 2017 and 2025.
The report covers detailed
competitive outlook that includes market share and profiles of key
players operating in the global market. Key players profiled in the
report include Israel Chemical Ltd. (ICL), Albemarle Corporation,
Jordan Bromine Company Limited, and Gulf Resources Inc. Company
profiles include attributes such as company overview, number of
employees, brand overview, key competitors, business overview,
business strategies, recent/key developments, acquisitions, and
financial overview (wherever applicable).
Global Bromine Market:
Research Methodology
Secondary research sources that
were typically referred to include, but were not limited to, U.S.
Geological Survey, British Geological Survey, World Mining Congress,
U.N. Comtrade, Industrial Minerals, company websites, financial
reports, annual reports, investor presentations, broker reports, and
SEC filings. Other sources such as internal and external proprietary
databases, statistical databases and market reports, news articles,
national government documents, and webcasts specific to companies
operating in the market have also been referred for the report.
In-depth interviews and
discussions with a wide range of key opinion leaders and industry
participants were conducted to compile this research report. Primary
research represents the bulk of research efforts, supplemented by
extensive secondary research. Key players’ product literature,
annual reports, press releases, and relevant documents were reviewed
for competitive analysis and market understanding. This helped in
validating and strengthening secondary research findings. Primary
research further helped in developing the analysis team’s expertise
and market understanding.
The global bromine market
has been segmented as follows:
Bromine Market –
Application Analysis
Flame Retardants
Drilling Fluids
Biocides
Catalysts
Water Treatment
Others
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