Bromine Derivative Market Report: Trends, Forecast and Competitive Analysis to 2030

Bromine Derivative Market Report: Trends, Forecast and Competitive Analysis to 2030

Bromine Derivative Trends and Forecast

The future of the global bromine derivative market looks promising with opportunities in the flame retardant, safety apparel, organic intermediate, oil & gas drilling, biocides, and PTA synthesis markets. The global bromine derivative market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are increasing flame retardant demand as a result of greater disposable income, growing use of bromine and its derivatives in the coal business to reduce mercury elements, as well as growing demand for bromine derivatives in the water treatment industry.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Bromine Derivative by Segment

The study includes a forecast for the global bromine derivative by derivative, application, end use, and region.

Bromine Derivative Market by Derivative [Shipment Analysis by Value from 2018 to 2030]:

• Sodium Bromide
• Calcium Bromide
• Zinc Bromide
• TBBPA
• DPDPE
• Others

Bromine Derivative Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Flame Retardant
• Safety Apparel
• Organic Intermediate
• Oil & Gas Drilling
• Biocides
• PTA Synthesis
• Others

Bromine Derivative Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Chemical
• Construction
• Oil & Gas
• Pharmaceutical
• Electronic
• Others

Bromine Derivative Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Bromine Derivative Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bromine derivative companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bromine derivative companies profiled in this report include-

• Hindustan Salts
• Israel Chemicals
• Honeywell International
• Gulf Resources
• LANXESS
• PEREKOP Bromine
• Albemarle
• Tetra Technologies
• Tosoh
• TATA Chemicals

Bromine Derivative Market Insights

Lucintel forecasts that sodium bromide will remain the largest segment over the forecast period due to rising government regulations mercury emission from coal fired powder.

North America will remain the largest region over the forecast period due to increasing use of bromine and its derivatives in the coal field to reduce the amount of mercury elements in the area, as well as increasing demand for bromine derivatives in the water treatment and automotive industries.

Features of the Global Bromine Derivative Market

Market Size Estimates: Bromine derivative market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Bromine derivative market size by derivative, application, end use, and region in terms of value ($B).

Regional Analysis: Bromine derivative market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different derivative, application, end use, and regions for the bromine derivative market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bromine derivative market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the bromine derivative market size?

Answer: The global bromine derivative market is expected to reach an estimated $1.4 billion by 2030.

Q2. What is the growth forecast for bromine derivative market?

Answer: The global bromine derivative market is expected to grow with a CAGR of 5.3% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the bromine derivative market?

Answer: The major drivers for this market are increasing flame retardant demand as a result of greater disposable income, growing use of bromine and its derivatives in the coal business to reduce mercury elements, as well as growing demand for bromine derivatives in the water treatment industry.

Q4. What are the major segments for bromine derivative market?

Answer: The future of the global bromine derivative market looks promising with opportunities in the flame retardant, safety apparel, organic intermediate, oil & gas drilling, biocides, and PTA synthesis markets.

Q5. Who are the key bromine derivative market companies?

Answer: Some of the key bromine derivative companies are as follows:

• Hindustan Salts
• Israel Chemicals
• Honeywell International
• Gulf Resources
• LANXESS
• PEREKOP Bromine
• Albemarle
• Tetra Technologies
• Tosoh
• TATA Chemicals

Q6. Which bromine derivative market segment will be the largest in future?

Answer: Lucintel forecasts that sodium bromide will remain the largest segment over the forecast period due to rising government regulations mercury emission from coal fired powder.

Q7. In bromine derivative market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to increasing use of bromine and its derivatives in the coal field to reduce the amount of mercury elements in the area, as well as increasing demand for bromine derivatives in the water treatment and automotive industries.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the bromine derivative market by derivative (sodium bromide, calcium bromide, zinc bromide, TBBPA, DPDPE, and others), application (flame retardant, safety apparel, organic intermediate, oil & gas drilling, biocides, PTA synthesis, and others), end use (chemical, construction, oil & gas, pharmaceutical, electronic, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

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