According to a market report by Lucintel, the future of the bromine market looks promising with opportunities in the flame retardants, water treatment, HBr flow batteries, oil & gas drilling, pharmaceuticals & cosmetics, agriculture, mercury emission control, PTA synthesis, and plasma etching industries. The bromine market is expected to grow with a CAGR of 8% from 2019 to 2024. The major growth drivers for this market are growing use of bromine in mercury emission mitigation, increasing demand for flame retardants due to stringent fire safety framework, and extensive consumption of bromine in diverse applications.
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Within the bromine market, flame retardants, water treatment, HBr flow batteries, oil & gas drilling, pharmaceuticals & cosmetics, agriculture, mercury emission control, PTA synthesis, and plasma etching are the major end use industries. Flame retardant is the largest end use segment for bromine.
Organobromines, clear brine fluids, and hydrogen bromide are the major derivative type of the bromine market.
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Asia Pacific will remain the largest region over the forecast period due to easy availability of raw materials and increasing number of new production facilities.
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Israel Chemical Ltd, Albemarle Corporation, Chemtura Corporation, Tosoh Corporation , Tetra Technologies Inc, Gulf Resources Inc., Tata Chemical Ltd, Hindustan Salts Ltd. , And Perekop Bromine are among the major manufacturers of bromine.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the bromine market by end use industry, derivative type, and region. Lucintel has prepared a comprehensive research report entitled “Bromine Market 2019-2024: Trends, Forecast, and Opportunity Analysis“. This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the bromine market by end use industry, derivative type, and region as follows:
By Derivative Type [$M shipment analysis for 2013 – 2024]:
- Clear Brine Fluids
- Hydrogen Bromide
By End Use Industry [$M shipment analysis for 2013 – 2024]:
- Flame Retardants
- Water Treatment
- HBr Flow Batteries
- Oil & Gas Drilling
- Pharmaceuticals & Cosmetics
- Mercury Emission Control
- PTA Synthesis
- Plasma Etching
By Region [$M shipment analysis for 2013 – 2024]:
- North America
− United Kingdom
- Asia Pacific
− South Korea
- Rest of the World
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This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/bromine-market.aspx or email@example.com.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global bromine market by end use industry (flame retardants, water treatment, HBr flow batteries, oil & gas drilling, pharmaceuticals & cosmetics, agriculture, mercury emission control, PTA synthesis, plasma etching, and others), derivative type (organobromines, clear brine fluids, and hydrogen bromide), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the bromine market?
Q.5 What are the business risks and threats to the bromine market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the bromine market?
Q.8 What are the new developments in the bromine market? Which companies are leading these developments?
Q.9 Who are the major players in the bromine market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in the bromine market, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in the bromine market?
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