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The global bromine market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of XX% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Bromine is a chemical element found naturally in Earth’s crusts and extracted via electrolysis. It is soluble in water and has a deep red color with a pungent odor. It is widely utilized to make organobromine compounds across the globe. These compounds find extensive applications in the manufacturing of halon fire extinguishers that prevent fire breakouts in places like museums, airports, and tanks. Besides this, bromine is used in film photography, surface cleaning of printed circuits and rubber used for car tires, and disinfecting swimming pools and industrial cooling water.
A significant part of the population suffers from famine and malnutrition on account of limited food supply, rising global population, and decreasing arable land. This represents one of the key factors positively influencing the use of bromine to improve crop yields and cater to the nutritional needs of humans. In addition, governing agencies of numerous countries are encouraging the adoption of modern agricultural practices that involve long-term storage of products, such as grains, cotton, and fresh fruit and vegetables. This, in turn, is increasing the sales of bromine to control pests degrading products stored for extended periods. Moreover, it is utilized in the preparation of over-the-counter (OTC) and prescription drugs. This, in confluence with the growing prevalence of chronic diseases, is catalyzing the demand for bromine to treat heart problems, thyroid hyperactivity, hysteria, seizures, and colic in babies. Apart from this, the thriving food and beverage (F&B) industry is contributing to the utilization of bromine as an emulsifier in beverages. Furthermore, its expanding usage in making fumigants, dyestuffs, textiles, water purification compounds, chemical intermediates, furniture foam, and plastic casings for electronics is projected to drive the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global bromine market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on derivative, application and end user.
Breakup by Derivative:
Breakup by Application:
Breakup by End User:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Albemarle Corporation, Chemada Industries Ltd., Gulf Resources Inc., Hindustan Salts Limited, Honeywell International Inc., ICL Group Ltd., Jordan Bromine Company Limited, Lanxess AG, Solaris Chemtech Industries Limited (Agrocel Industries Pvt. Ltd.), Tata Chemicals Limited, TETRA Technologies Inc. and Tosoh Corporation.
|Base Year of the Analysis||2020|
|Segment Coverage||Derivative, Application, End User, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Albemarle Corporation, Chemada Industries Ltd., Gulf Resources Inc., Hindustan Salts Limited, Honeywell International Inc., ICL Group Ltd., Jordan Bromine Company Limited, Lanxess AG, Solaris Chemtech Industries Limited (Agrocel Industries Pvt. Ltd.), Tata Chemicals Limited, TETRA Technologies Inc. and Tosoh Corporation.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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