Global Bromine and Bromine Derivatives Market 2018-2022

Global Bromine Industry Overview

As per a study, in the US, oil production through hydraulically fractured wells accounted for 69% of the total oil and natural gas wells drilled in the country in 2016. The increased adoption of horizontal drilling and hydraulic fracturing techniques will fuel the consumption of bromine and bromine derivatives through the forecast period. Additionally, the increase in oil and gas exploration activities in the US, Brazil, Mexico, China, Norway, Saudi Arabia, Russia, and other oil and gas-rich countries, alongside the widespread use of bromine as a drilling fluid in the extraction of petroleum products, will contribute to the growth of the global bromine and bromine derivatives market. Consequently, the growth in oil and gas industry is also expected to drive growth in the bromine and bromine derivatives market.

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Top companies covered in this report

The bromine and bromine derivatives market is highly fragmented due to the presence of a large number of companies. The market is currently in its growth phase and exposed to opportunities. Increasing demand for electric vehicles is keeping the bromine manufacturers in the market competitive. Herein, this bromine and bromine derivatives industry analysis report will aid clients in identifying new growth opportunities and designing new growth strategies.  

The report offers a complete analysis of bromine manufacturers including:

• Albemarle Corporation
• Gulf Resources
• ICL
• LANXESS
• TETRA Technologies
• Tosoh Corporation

Bromine and bromine derivatives market growth based on geographic regions

• Americas
• APAC
• EMEA

With a comprehensive study of the growth opportunities for companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in the EMEA region will command a lion’s share of the bromine and bromine derivatives market through the predicted period. However, it is expected that the countries in APAC will register maximum growth during the forecast period.

Bromine and bromine derivatives market growth based on application

• Flame retardants
• Drilling fluids
• Water treatment
• Agriculture

According to our market research experts, the flame retardants segment will account for the maximum growth and share of the market. It is expected that this segment will continue to dominate the market throughout the forecast period. Additionally, the report provides an accurate prediction of the contribution of the various application segments in the growth of the bromine and bromine derivatives market size.

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Key highlights of the global bromine and bromine derivatives market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the bromine and bromine derivatives market during the next five years
• Precise estimation of the global bromine market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• Growth of the bromine industry across various geographies such as the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive information about factors that will challenge the growth of bromine manufacturers

What’s your takeaway?

This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global bromine and bromine derivatives market and its stakeholders over the forecast years.

Technavio’s analysts have considered how the performance of other related markets in the vertical will impact bromine market size till 2022. One of the markets most likely to influence the growth of the bromine and bromine derivatives market over the coming years is the flame retardants chemicals market.

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