A new market research study by Future Market Insights on the global bromine derivatives market contains global industry analysis 2014–2021 and opportunity assessment 2022–2029. The report investigates the bromine derivatives market and provides critical insights for the forecast period of 2022-2029.
As per the findings of the report, the global industrial bromine derivatives market is anticipated to experience substantial growth over the forecast period due increasing adoption of bromine compounds in various applications, such as flame retardants, PTA synthesis, oil gas drilling, and others.
The global industrial bromine derivatives market was valued at ~US$ 4Bn in 2021 and is projected to increase at a CAGR of ~ 3.9% during the projected period of 2022 and 2029. This growth is significantly driven by the expansion of chemical, oil gas, and other end-use industries of bromine based chemicals.
Significant progress in numerous industry verticals, especially construction and chemicals in developing countries have resulted into increased demand for bromine derivatives. In an attempt to align with the evolving environmental policies, manufacturers are tapping into RD and innovation space, according to the FMI study.
Significant Growth Opportunities in Asia Pacific for the Bromine Derivatives Market
Growing stringency of government regulations on the usage of halogenated flame retardants in the U.S., Canada, and EU countries, is a factor expected to decrease the consumption of bromine in these geographies. However, in developing nations, such as China and India, government policies are not that strict on the use of brominated flame retardants as compared to that in the U.S. and EU member countries.
Bromine Derivatives Market By Category
By Derivatives :
- Sodium Bromide
- Calcium Bromide
- Zinc Bromide
- TBBPA
- DPDPE
- Others
By Application :
- Flame Retardants
- Organic Intermediates
- Oil Gas Drilling
- Biocides
- PTA Synthesis
- Others
By End Use :
- Chemical
- Construction
- Oil Gas
- Pharmaceuticals
- Electronics
- Others
Global Bromine Derivatives Market: Vendor Insights
The report signifies some of the prominent market players, who have established themselves as leaders in the global bromine derivatives market. Few examples of key players in the market are Israel Chemicals Limited, Tosoh Corporation, Lanxess AG, Tata Chemicals Limited, Albemarle Corporation, Tetra Technologies Inc., Mil-Spec Industries Corporation, Jordan Bromine Company, Hindustan Salts Limited, Neogen Chemicals Limited, DSL Chemicals (Shanghai) Co. Ltd., and Solaris ChemTech Industries Limited, among others.
Get More Information@ https://www.futuremarketinsights.com/reports/bromine-derivatives-market
