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Snapshot Established global behemoths wield a substantial control over the bromine market, worldwide. Their dominant position is a result of their massive manufacturing capacities and significant geographical outreach.
Armed with substantial technological and financial resources, the companies have been nimbly adapting to various market changes. In order to bolster their positions further, these companies have been leveraging astute pricing policies and product development.
Bromine and its derivatives are increasingly finding application in lessening mercury emissions from smokestacks of coal-fired plants that poses hazard to human health. In fact, many governments and other authorities already have regulations in place to arrest mercury emission. This in turn has provided a fillip to the global bromine market.
Besides, bromine is also used in water treatment — be it industrial water treatment or residential or commercial water purification. This is another growth driver in the market. Negatively impacting its market, on the other hand, is the fact that bromine is a hazardous waste, which has to be disposed of carefully so as to cause minimum damage to the environment and humans.
Further, bromine vapor is highly corrosive. The problem becomes aggravated in presence of moisture on account of the formation of acids. Therefore, bromine needs be kept dry during transportation and storage.
Unabated Oil and Gas Drilling Activities to Stoke Maximum Growth in Drilling Fluids The global bromine market can be divided into flame retardants, drilling fluids, biocides, catalysts, water treatment, etc.
Of them, the segment of flame retardants accounts for maximum market share.
Going forward, the segment is expected to retain its leading share in the market, albeit reducing it slightly to This is proving a major impediment to the growth in the global bromine market. Another major application of bromine is as clear brine fluids in drilling fluids.
With oil and gas drilling activities showing little signs of slowing down in the near future, despite oversupply, the segment is slated to clock continued growth as they are used in the completion process of oil and gas extraction.
The segment is expected to register a CAGR of 5. Powered by Demand from China, Asia Pacific Leads Market From a geographical standpoint, Asia Pacific leads the global bromine market both in terms of growth pace and share in revenue.
Inthe region contributed a significant Israel, China, the U. Some of the prominent participants operating in the global bromine market are Albemarle Corporation, Israel Chemical Ltd. Overview Bromine is a chemical element with symbol Br and atomic number It is the third-lightest halogen and it exists in the form of fuming red-brown liquid at room temperature.
The commercial source of bromine is brine pools. Major producers of bromine are Israel, the U.Clear brine fluids (CBFs) constitute the second-largest end-use market, accounting for 21% (% bromine content) of global consumption of bromine-based compounds, most of which is used in North America.
North America is the leading market for flame retardant followed by Europe.
Furthermore, increase in construction and the demand for consumer electronics are expected to augment the demand for bromine in developing nations of Latin America and Africa. The report on the global bromine market is segmented based on type, application, and .
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The report "Bromine Market by Derivative (Organobromines, Clear Brine Fluids, Hydrogen Bromide), Application (Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTA Synthesis), and Region - Global Forecast to ", The global bromine market was USD Billion in This report studies the global Bromine Chlorine Hydantoin market status and forecast, categorizes the global Bromine Chlorine Hydantoin market size (value & volume) by manufacturers, type, application, and region.
This report focuses on the top manufacturers in North America, Europe, Japan, China, I. The Kuala Lumpur Tin Market (KLTM) was incorporated on June 28, as a company limited by guarantee pursuant to the Malaysian Companies Act,