Global Bromine Derivatives Market by Product (Tetrabromobisphenol A, Calcium Bromide), by Application (Flame Retardants, Oil & Gas, Organic Intermediates) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

In 2017, the global bromine derivatives market was worth USD 3.70 billion. The market is expected to grow at a 4.3% CAGR over the forecast period. This market has seen a rise in bromine use to control mercury emissions and an increase in demand for halogenated fire retardants. The market is expected to grow due to flourishing end-use industries like electronics, pharmaceuticals, and agriculture, as well as the growing construction activity in the Middle East, Asia Pacific, and the Middle East.

Asia Pacific was the biggest consumer of bromine derivatives in volume. The demand is expected to grow rapidly during the forecast period. The market will be driven by rising consumption in India and China, as well as growing manufacturing activities.

Albemarle and Lanxess are some of the top market players. These three companies accounted to over 60% of the market's revenue in 2017. These companies have a solid position due to their cost competitiveness and easy access to bromine resources. To increase their presence in the region, these companies have established partnerships and tie-ups to suppliers.

The European Chemicals Agency and the United States Environmental Protection Agency (EPA), both regulatory bodies, implemented stricter regulations to end the use of methyl bromide as a fumigant. The market's growth will be impeded by the increased consumption of non-halogenated flame suppressants.

Product Insights

Brominated polystyrene can be made by catalyzing polystyrene and bromine. It is used primarily in the manufacture of flame-retardants. It is used in high-temperature applications due to its high thermal stability. Due to stricter regulations for bromine-based flame retardants being used in developed countries like the U.S.A and Europe, the production of these chemicals is restricted to developing nations. These chemicals are mainly produced in China and other Southeast Asian nations.

Zinc bromide (ZnBr ₂), a colorless salt, has many properties that are similar to zinc chloride (ZnCl ₂). It acts as a transparent shield from radiation. ZnBr2 can be used in rechargeable zinc bromide batteries as an electrolyte. These batteries are cheaper than other batteries because zinc is abundant. These factors have fueled the demand for ZnBr _2,, and the segment is expected to grow at a CAGR 4.7% during the forecast period.

Sodium Bromide (NaBr), an inorganic white crystalline high-melting white compound, is highly used. It acts as a catalyst for TEMPO-mediated oxidation reaction. NaBr is chemically stable, so it can be used with other bromides or chlorides. It can be used to generate chemical sensitivity. Due to rising water purity concerns and government initiatives, the demand for this product will increase in the future.

Application Insights

Pharmaceuticals are one of the most promising uses of bromine derivatives due to the increased use of NaBr as a medicinal intermediate and anti-epileptic drug (AEDs), because of its antiseizure capabilities. The market for bromine derivatives is growing due to the increased use of calcium bromide and NaBr in drilling fluids to extract petroleum products.

Chemicals kill microorganisms. They are used to prolong shelf life and maintain quality in a variety of products, including cosmetics, coatings, dyes, glues, sealers, wood & papers, and cleaning supplies. Many disinfectants are halogen-based. Disinfectants that kill microbes effectively are dissolved in aqueous solutions of halogens.

There are many other uses for biocides. There are two types of biocides: oxidizing and non-oxidizing. Among the oxidizing biocides are elemental bromine and others. These biocides can be used to cool towers, pools, sanitary disinfection and treatment of municipal wastewater. Non-oxidizing biocides, on the other hand, are more complicated and costly materials that are used primarily for glues and sealants and certain polymers as well as industrial coatings and dyes.

Regional Insights

In 2017, North America held a large share of the market. In 2017, North America accounted for a significant share of the global market. The region is a major producer of natural gas. It has also seen steady growth in the production shale gas. This is driving the market's growth. Multinational companies have made significant foreign investments that are a key driver of North America's market growth. Lanxess, for example, announced in July 2018 multiple expansion plans in the region, including an investment of USD 60 millions in the global bromine reservoir.

Asia Pacific will likely account for more than half of total revenue by 2025. The forecast predicts that Asia Pacific will be the fastest growing region in terms both of volume and value. Many companies have full-scale operations within Asia Pacific. Only a few companies, such as Lanxess and Tosoh Corporation invest heavily in research and development activities that have resulted in improved product quality.

Central & South America's market is expected to grow at a faster rate than Europe and North America. Brominated polystyrene is not approved for use in this region. The use of methyl bromide in agriculture is limited to certain crops, such as vegetables and strawberries.

Market Share Insights & Key Companies

Metal derivatives like ZnBr ₂, NaBr and other bromine derivatives are the most popular worldwide. As a key material for the manufacture of metal-based bromides, hydrobromic acid will see an increase in demand. There are many uses for hydrobromic acid in various industries, including oil and gas drilling, water treatment and mercury control. It is also used in food safety and as a precursor in the production of specialty chemicals like bromide salts, tertiaryamines, and other industrial applications.

Tosoh Corporation merged in May 2014 with Nippon Polyurethane Industry Co. Ltd., a seller and manufacturer of PU raw material. Strategically, this merger was done to preserve the isocyanates market as it will continue to be highly competitive in future.

In February 2016, Israel Chemicals Limited, Albemarle Corporation and a definitive long-term contract were signed to supply polymeric flame retardants worldwide. Albemarle markets these products under the GreenCrest brand, while ICL sells them under the FR122P label.

Bromine Derivatives Market Report Scope

The Report Covers Certain Segments

This report predicts revenue growth at the global, regional and country level and analyzes industry trends in each sub-segment from 2014 to 2025. Grand View Research has divided the global bromine derivatives market by product, region, and application.

• Product Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)

  • Brominated Polystyrene

  • Tetrabromobisphenol A

  • Calcium Bromide

  • Sodium Bromide

  • Zinc bromide

  • Hydrobromic Acid

  • Decabromodiphenyl ether (DBDPE).

  • Other

• Application Outlook (Volume of Kilotons; Revenues, USD Million, 2014-2025)

  • Flame Retardants

  • Organic intermediates

  • Oil & Gas

  • Biocides

  • PTA Synthesis

  • Other

• Regional Outlook (Volume of Kilotons; Revenue USD Millions, 2014-2025)

  • North America

    • The U.S

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • Russia

  • Asia Pacific

    • China

    • India

    • Japan

  • Central and South America

    • Brazil

  • Middle East and Africa

These are the most frequently asked questions about this report

b. Global bromine derivatives market was valued at USD 3.95 Billion in 2019, and is forecast to grow to USD 4.08 Billion in 2020.

b. Global bromine derivatives are expected to grow at a compound annual rate of 4.3% between 2018 and 2025, to reach USD 5.11 trillion by 2025.

b. Asia Pacific was the market leader in bromine derivatives with a share exceeding 50.0% in 2019. This can be attributed to the growing manufacturing activity in China, India and South East Asia.

b. Albemarle Corporation, Tata Chemicals Ltd., Lanxess Corporation, Honeywell International Inc., Tosoh Corporation, Israel Chemicals Limited, Tetra Technologies Inc., Tetra Technologies Inc., Hindustan Salts Ltd., Jordan Bromine Company Ltd., Morre-Tec Industries, Inc., Beacon Organosys are some of the key players in bromine derivatives market.

b. Market growth is driven by the rising use of bromine to control mercury emissions and an increase in demand for halogenated flame-retardants.

Up Market Research published a new report titled “Bromine Derivatives Market research report which is segmented by Product (Tetrabromobisphenol A, Calcium Bromide), by Application (Flame Retardants, Oil & Gas, Organic Intermediates), By Players/Companies Tosoh Corporation, Albemarle Corporation, Lanxess Corporation, Morre-Tec Industries, Jordan Bromine Company Ltd, Israel Chemicals Limited, Beacon Organosys, Tata Chemicals Ltd, Hindustan Salts Ltd, Tetra Technologies Inc, Inc, Honeywell International Inc”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Bromine Derivatives Market Report Segments:

The market is segmented by Product (Tetrabromobisphenol A, Calcium Bromide), by Application (Flame Retardants, Oil & Gas, Organic Intermediates).

Bromine Derivatives Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Bromine Derivatives Market

Overview of the regional outlook of the Bromine Derivatives Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Bromine Derivatives Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Bromine Derivatives Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Tetrabromobisphenol A

                2. Calcium Bromide

                1. Flame Retardants

                2. Oil & Gas

                3. Organic Intermediates

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Bromine Derivatives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Bromine Derivatives Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.