Emphasis on Derivative (Hydrogen Bromide, Bromide Salts, Organobromine, and Others); Application (Flame Retardants, Clear Brine Fluids, Water Treatment, Catalyst, Methyl Bromide, And Others); Region/Country
The global Bromine market was stood around US$3 billion in 2020 and is expected to demonstrate the growth of 5% during the forecast period (2021-2027). Bromine is use in large number of areas ranging from agricultural chemicals to dyestuffs, and insecticides, pharmaceuticals to chemical intermediates. Owing to its usage in diversify number of industries, demand of bromine is not dependent on any single area, thus increasing the demand of bromine. Further, the largest application of bromine as a flame retardant is increasing owing to its usage in large number of industries including plastic, textiles, and electrical & electronics industries. Over the years, these industries have showcased the substantial growth with improved end use products which can sustain in the fire for a longer time, due to presence of flame retardant like bromine.
COVID-19 had a negative impact the bromine market. The consumption of bromine and bromine compound decreased in 2020. Declining consumer spending in the automotive, electronics, and construction industries as well declining halted oil & gas activities affected the demand of flame retardants and clear brine fluids respectively.
Insights Presented in the Report
“Amongst derivative, organobromine category held prominent share in the market in 2020.”
Based on derivatives, the market is categorized into hydrogen bromide, bromide salts, organobromine, and others. Among these, organobromine held the largest share in the market owing to its large consumptions in the production of flame retardants such as polybrominated diphenyl ethers. Other usages include pesticides, fumigants, and biocides manufacturing. Polybrominated diphenyl ethers is commonly used in paints, plastics, foam furniture padding, textiles, rugs, curtains, televisions, building materials, airplanes, and automobiles.
“Amongst application, flame retardant category dominated the market in 2020.”
Based on application, the market is categorized into flame retardants, clear brine fluids, water treatment, catalyst, methyl bromide, and others. Among these, flame retardant category held the largest market share in 2020 and it is expected to hold substantial market share during the forecast period owing to large and increasing demand of flame retardant from vast number of industries including paints & coatings, automotive, textile, consumer appliances, building materials, and electrical & electronics, among others.
“Asia Pacific held the considerable market share owing to large base of end use industry in the region”
For a better understanding of the market adoption of bromine, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), MEA (Saudi Arabia, UAE, and Rest of MEA), South America (Brazil, Argentina, and Rest of South America). Asia Pacific held the considerable market share owing to large base of end use industries in the regional countries like China, Japan, and India, among others. The region is the manufacturing hub of automotive, textile, consumer appliances, paints & coatings, and electrical & electronics owing to which large consumption of bromine as flame retardant. Some of the major players operating in the market include Gulf Resources Inc., LANXESS AG, Jordon Bromine Company Limited, Tetra Technologies Inc., Tosoh Corporation, Israel Chemicals Limited, Albemarle Corporation, Solaris Chemtech Industries Limited, Tata Chemicals Limited, and Hindustan Salts Limited.
Reasons to buy this report:
Customization Options:
The global Bromine Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
1. Market Introduction
2. Research Methodology Or Assumption
3. Market Synopsis
4. Executive Summary
5. Global Bromine Market Covid-19 Impact
6. Global Bromine Market Revenue (usd Bn), 2019-2027f
7. Market Insights By Derivative
8. Market Insights By Application
9. Market Insights By Region
10. Bromine Market Dynamics
11. Bromine Market Opportunities
12. Bromine Market Trends
13. Legal & Regulatory Framework
14. Demand And Supply Side Analysis
15. Value Chain Analysis
16. Competitive Scenario
17. Company Profiled
18. Disclaimer
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Bromine three major steps undertaken to create and analyze its adoption across the globe. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Bromine industry. Post assumption and validation of market numbers through primary interviews, we employed a bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Bromine through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Bromine market, we conducted a detailed secondary analysis to gather current market insights and share for different segments & sub-segments for major regions. Major segments included in the report are by derivative and application. Further regional and country-level analyses were conducted to evaluate the overall adoption of the Bromine globally.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of Bromine. Further, we conducted factor analysis using dependent and independent variables such as increasing usage of flame retardant and growing end use industries. A thorough analysis was conducted for demand and supply-side scenario considering increasing investment, top partnerships, merger and acquisition, business expansion, and product launches in the Bromine industry.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Bromine market, and market shares of each segment. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., bottom-up approach was applied to arrive at the market forecast to 2027 for different segments and subsegments across the major regions globally. The research methodology adopted to estimate the market size encompasses:
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Bromine market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of derivative and application.
The main objective of the Bromine market study
The current & future market trends of global Bromine were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends would determine the overall attractiveness of the market at a country level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
Customers who bought this item also bought
