Global Bromine and Its Derivatives Market Growth 2023-2029

Global Bromine and Its Derivatives Market Growth 2023-2029

Bromine (Br2) is a reddish brown liquid that gives off dark red, highly corrosive fumes having a sharp, penetrating odor. It is indispensable raw material for inorganic pharmaceuticals, photosensitive materials, dyes and medicine. It is also the base ingredient used in the manufacturing of hydrobromic acid (HBr) which is further utilized as a raw material for organic intermediates and medicines including lithium bromide and terephthalic acid. It is obtained from seawater, natural brines, or as the by -product brines of potash recovery.
The Bromine Derivatives are the chemical which Chemical functional groups are replaced by the Bromine.
LPI (LP Information)' newest research report, the “Bromine and Its Derivatives Industry Forecast” looks at past sales and reviews total world Bromine and Its Derivatives sales in 2022, providing a comprehensive analysis by region and market sector of projected Bromine and Its Derivatives sales for 2023 through 2029. With Bromine and Its Derivatives sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bromine and Its Derivatives industry.
This Insight Report provides a comprehensive analysis of the global Bromine and Its Derivatives landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bromine and Its Derivatives portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bromine and Its Derivatives market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bromine and Its Derivatives and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bromine and Its Derivatives.
The global Bromine and Its Derivatives market size is projected to grow from US$ 4297.5 million in 2022 to US$ 6603 million in 2029; it is expected to grow at a CAGR of 6603 from 2023 to 2029.
In the recent years, bromine and derivatives capacity showed a trend of steady growth. At present, the major manufacturers of bromine are concentrated in ICL, Albemarle and Lanxess. ICL is the world's largest bromine and derivatives producer. ICL accounting for 30% of the global share.
Regionally, Asia-Pacific accounted for the largest market with about 50% of the Global consumption for Bromine & Derivatives. With over 21% share of in the Bromine & Derivatives market, North America was the second largest consumption market.
Still the largest end-use for bromine compounds, flame retardants account for 47% of world bromine consumption. Other promising new sectors for bromine include biocides, water treatment, drilling fluids and chemical intermediate, etc. Flame retardant agent is usually produced close with bromine and derivatives. As the electronics and construction industries grow, the demand for bromine flame retardants will increase.
This report presents a comprehensive overview, market shares, and growth opportunities of Bromine and Its Derivatives market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Bromine
Bromine Derivatives
Segmentation by application
Flame Retardants
Biocides
Drilling Fluids
Chemical Intermediate
Water Treatment
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
ICL
Albemarle
Lanxess
Jordan Bromine Company (JBC)
Tosoh
Solaris Chemtech (SCIL)
Perekop Bromine
Yuyuan Group
Haiwang Chemical
Chengyuan Salt Chemical
Lubei Chemical
Runke Chemical
Haihua Group
Tata Chemicals
Gulf Resources
Key Questions Addressed in this Report
What is the 10-year outlook for the global Bromine and Its Derivatives market?
What factors are driving Bromine and Its Derivatives market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Bromine and Its Derivatives market opportunities vary by end market size?
How does Bromine and Its Derivatives break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.