The "Bromine
- Global Market Outlook (2017-2023)" report has been added to Research
and Markets' offering.
The Global Bromine Market is expected to grow from $2.35 billion in 2016
to reach $4.28 billion by 2023 with a CAGR of 8.9%.
Increasing consumption of bromine in various end use industries such as
oil & gas, automotive, pharmaceuticals, textile, agricultural, and
electronics will be one of the major factors that will have a positive
impact on the growth of the market. Bromine and its derivatives are
widely used in PTA synthesis, plasma etching, flame retardants,
biocides, and oil & gas drilling applications. Furthermore, increasing
oil and gas demand, expansion of water treatment industry, developments
in oil & gas production with advance manufacturing units, rising usage
as mercury reducing agents and stringent environmental policies are the
factors favoring the market growth. However, environmental concerns due
to its toxicological effects and developing non-halogenated flame
retardants will hamper the bromine market's growth to some extent in the
near future.
Bromine is a chemical element, one of nature's building blocks. Bromine
derivatives are essential ingredients in everything from drugs and
automotive tires to water purifiers, sanitizers and additives that
protect lives and property from fire. Bromine derivatives are used to
explore for oil and gas, and they help us keep swimming pools and spas
clean and clear. They are vital to agriculture and international trade
because they protect crops from insect damage and help to keep imported
commodities free of invasive pests. Bromine is classified as a hazardous
waste material under the CERCLA (Superfund) act of 1980 and the Resource
Conservation and Recovery Act (RCRA) of 1976, along with numerous state
and local laws and regulations. Under these rules, bromine must be
disposed of in a way that minimizes potential harm to humans and the
environment.
Derivatives Covered:
-
Clear Brine Fluids
-
Hydrogen Bromide (BHR)
-
Organobromines
Applications Covered:
-
Biocides
-
Catalysts
-
Flame Retardants
-
Oil & Gas drilling
-
Organic Intermediates
-
Plasma etching
-
PTA synthesis
-
Other Applications
Verticals Covered:
-
Oil and gas
-
Automotive
-
Chemicals
-
Pharmaceuticals
-
Agriculture
-
Cosmetics
-
Textile
-
Other Verticals
Companies Mentioned
-
Sanofi SA
-
Honeywell International Inc.
-
Aquachina Chemicals
-
Chemtura Corporation
-
Israel Chemicals Limited
-
Solaris Chemtech
-
Dhruv Chem Industries
-
Tetra Technologies Inc.
-
Tosoh Corporation
-
Albemarle Corporation
Key Topics Covered:
1. Executive Summary
2. Preface
3. Market Trend Analysis
4. Porters Five Force Analysis
5. Global Bromine Market, By Derivative
6. Global Bromine Market, By Application
7. Global Bromine Market, By Vertical
8. Global Bromine Market, By Geography
9. Key Developments
10. Company Profiling
For more information about this report visit https://www.researchandmarkets.com/research/sls96q/bromine_global
View source version on businesswire.com: http://www.businesswire.com/news/home/20171229005156/en/
Copyright Business Wire 2017
Source: Business Wire
(December 29, 2017 - 7:56 AM EST)
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