Bromine Derivatives Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The global bromine derivatives market is estimated to register a CAGR of over 5% during the forecast period.
The COVID-19 outbreak caused nationwide lockdowns globally, which disrupted many industrial sectors like building & construction, electronics manufacturing, and oil & gas drilling operations leading to a slowdown in demand for bromine derivatives. However, the conditions began to improve in 2021, as most of the electronics, oil & gas drilling, and construction industries recovered, which is expected to boost the market growth during the forecast period.
Key HighlightsThe bromine derivatives market is heavily consolidated in nature. Some of the major players in the market include Albemarle Corporation, LANXESS, Jordan Bromine Company, Gulf Resources, Tata Chemicals Ltd., and Others.
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