Bromine Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Aug 2021
  • Pages: 120
  • SKU: IRTNTR44833
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The bromine market has the potential to grow by USD 628.09 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 2.83%.

This bromine market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (flame retardants, drilling fluids, water treatment, agriculture, and others) and geography (APAC, MEA, Europe, North America, and South America). The bromine market report also offers information on several market vendors, including Albemarle Corp., BEACON ORGANOSYS, Gulf Resources Inc., Honeywell International Inc., Israel Chemicals Ltd., LANXESS AG, Pacific Organics Pvt. Ltd., Perekop bromine, TETRA Technologies Inc., and Tosoh Corp. among others.

What will the Bromine Market Size be in 2021?

Bromine-Market-Market-Size-2020-2025

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Bromine Market: Key Drivers and Trends

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The growth of the oil and gas industry is notably driving the bromine market growth, although factors such as fluctuation in the prices of crude oil may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the bromine industry get your FREE report sample now.

  • The growth of the oil and gas industry will be a key driver augmenting the bromine market growth during 2021-2025.
  • The increase in oil and gas exploration activities in the US, Brazil, Mexico, and other oil and gas-rich countries and the extensive use of bromine as drilling fluid for extracting petroleum products will contribute to the growth of the global bromine and bromine derivatives market.
  • The increased acceptance of horizontal drilling and hydraulic fracturing techniques will fuel the consumption of bromine and bromine derivatives during the forecast period. 

 

  • Increased demand for flame retardants is another key driver influencing the global bromine market growth.
  • Flame retardants are chemicals that are added to flammable materials to prevent ignition and for inhibiting or delaying combustion.
  • Bromine, chlorine, phosphorus, aluminum, magnesium, and boron are some of the most commonly used chemicals for manufacturing flame retardants that find application in the production of epoxy resins, paints and coatings, polyolefins, unsaturated polyesters, polyvinyl chloride (PVC), and others.
  • Bromine is the main compound used for producing flame retardants.

This bromine market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Bromine Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Albemarle Corp.
  • BEACON ORGANOSYS
  • Gulf Resources Inc.
  • Honeywell International Inc.
  • Israel Chemicals Ltd.
  • LANXESS AG
  • Pacific Organics Pvt. Ltd.
  • Perekop bromine
  • TETRA Technologies Inc.
  • Tosoh Corp.

 

The bromine market is fragmented and the vendors are deploying growth strategies such as focusing on product innovation and product quality to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the bromine market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Bromine Market?

Bromine-Market-Market-Share-by-Region-2020-2025

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43% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for bromine in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The increasing crude oil extraction will facilitate the bromine market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Application Segments in the Bromine Market?

Bromine-Market-Market-Share-by-Application-2020-2025

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The bromine market share growth by the flame retardants segment will be significant during the forecast period. Bromine is primarily used in flame retardants to reduce the flammability of products containing organobromine compounds. These flame retardants are known as brominated flame retardants (BFRs). BFRs are primarily used in the electrical and electronics industry for manufacturing electronic components. The increased demand for electrical and electronic equipment will drive the demand for bromine during the forecast period.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the bromine market size.

 

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What are the Key Factors Covered in this Bromine Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive bromine market growth during the next five years
  • Precise estimation of the bromine market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the bromine industry across APAC, MEA, Europe, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of bromine market vendors

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Bromine Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 2.83%

Market growth 2021-2025

$ 628.09 million

Market structure

Fragmented

YoY growth (%)

1.60

Regional analysis

APAC, MEA, Europe, North America, and South America

Performing market contribution

APAC at 43%

Key consumer countries

China, India, US, Saudi Arabia, and Israel

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Albemarle Corp., BEACON ORGANOSYS, Gulf Resources Inc., Honeywell International Inc., Israel Chemicals Ltd., LANXESS AG, Pacific Organics Pvt. Ltd., Perekop bromine, TETRA Technologies Inc., and Tosoh Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Flame retardants - Market size and forecast 2020-2025
    • Drilling fluids - Market size and forecast 2020-2025
    • Water treatment - Market size and forecast 2020-2025
    • Agriculture - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Albemarle Corp.
      • BEACON ORGANOSYS
      • Gulf Resources Inc.
      • Honeywell International Inc.
      • Israel Chemicals Ltd.
      • LANXESS AG
      • Pacific Organics Pvt. Ltd.
      • Perekop bromine
      • TETRA Technologies Inc.
      • Tosoh Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The bromine market growth will increase by $744.50 million during 2019-2024.
      The bromine market is expected to grow at a CAGR of 3.73% during 2019-2024.
      Technavio has segmented the bromine market by application (Flame retardants, Drilling fluids, Water treatment, Agriculture, and Others) and geographic (APAC, MEA, Europe, North America, and South America).
      Albemarle Corp., BEACON ORGANOSYS, Gulf Resources Inc., Honeywell International Inc., Israel Chemicals Ltd., LANXESS AG, Pacific Organics Pvt. Ltd., Perekop bromine, TETRA Technologies Inc., Tosoh Corp. are a few of the key vendors in the bromine market.
      APAC will register the highest growth rate of 40.91% among the other regions. Therefore, the bromine market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • India
      • US
      • Saudi Arabia
      • Israel
      The key factors driving the bromine market growth are:
      • Growth of the oil and gas industry
      The bromine market vendors should focus on grabbing business opportunities from the flame retardants segment as it accounted for the largest market share in the base year.
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