Global Bromine Market Research Report and Forecast 2022-2027
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Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group
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Report Description
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Report Description and Highlights
Report Description
Global Bromine Market Outlook 2026: As per the latest reports by IMARC Group titled “ Bromine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global bromine market reached a value of US$ 3.24 Billion in 2021. Bromine is a fuming red-brown liquid with corrosive chemical properties that readily evaporates at high pressures. It is a halogen with properties similar to chlorine and iodine, and is naturally found inside the Earth’s crust and extracted through electrolysis. As a result, bromine is widely utilized in the production of organobromine compounds. These compounds are used to produce halon fire extinguishers that are used to prevent fires in places such as museums, airports, and tanks. Request for a free sample: https://www.imarcgroup.com/bromine-market/requestsample
Report Description and Highlights
Report Description
Global Bromine Market Trends: The market is primarily driven by the increasing use of bromine in the agriculture sector. It is used to improve crop yields and cater to human nutritional needs as a significant portion of the population suffers from famine and malnutrition due to the limited food supply, rising global population, and decreasing arable land. In addition, governments of various countries are encouraging modern agricultural practices that involve long-term storage of products, such as grains, cotton, and fresh fruit and vegetables. As a result, there has been a significant increase in the demand for bromine to control pests that degrade products being stored for extended periods. Besides this, bromine is widely employed in the production of over the counter (OTC) and prescription drugs, which represents another major growth-inducing factor. Furthermore, extensive applications of bromine in making fumigants, dyestuffs, textiles, water purification compounds, chemical intermediates, furniture foam, and plastic casings for electronics are also creating a positive market outlook.
Report Description and Highlights Report Description Market Summary: Breakup by Derivative: • Hydrogen Bromide • Organobromine Compounds • Bromine Fluids Breakup by End User: • Chemicals • Oil and Gas • Pharmaceuticals • Agriculture • Textiles • Electronics Breakup by Application: • Biocides • Flame Retardants (FR) • Bromine-Based Batteries • Clear Brine Fluids (CBF)
Report Description and Highlights Report Description Breakup by Region: • North America • Asia Pacific • Europe • Middle East and Africa • Latin America Looking forward, IMARC Group expects the market value to reach US$ 4.22 Billion by 2027, exhibiting a CAGR of around 4.50% during the forecast period (2022-2027).
Report Description and Highlights Report Description Competitive Landscape With Key players: • Albemarle Corporation • Chemada Industries Ltd • Gulf Resources Inc • Hindustan Salts Limited • Honeywell International Inc • ICL Group Ltd • Jordan Bromine Company Limited • Lanxess AG • Solaris Chemtech Industries Limited (Agrocel Industries Pvt. Ltd.) • Tata Chemicals Limited • TETRA Technologies Inc • Tosoh Corporation View Report TOC, Figures and Tables: https://www.imarcgroup.com/bromine-market
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Report Description and Highlights
Report Description
© 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.
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