The bromine market size is set to post an incremental growth of USD 628.09 million during 2021-2025. The market will be progressing at a CAGR of 2.83% during the forecast period. The bromine market analysis report from Technavio provides a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for the further growth of their business. View the Free Sample Report
The bromine market is segmented by Application (Flame retardants, Drilling fluids, Water treatment, Agriculture, and Others) and Geography (APAC, MEA, Europe, North America, and South America). Based on the application segmentation, bromine market share in the flame retardants segment will be significant during the forecast period.
By geography, 43% of the market growth will originate from APAC during the forecast period. The increasing crude oil extraction will drive the bromine market growth in APAC over the forecast period. China and India are the key markets for bromine in APAC. This research report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
The growth of the oil and gas industry is one of the primary factors driving the growth of the bromine market. In addition, the rising mercury emission control is another major bromine market trend that will positively influence the bromine market growth in the forecast period. The report provides a detailed study of all the factors that are likely to boost the market. An understanding of the key drivers will enable clients to leverage growth opportunities to their advantage with a view to short-term and long-term business goals.
The market is fragmented due to the presence of several players. Albemarle Corp., BEACON ORGANOSYS, Gulf Resources Inc., Honeywell International Inc., Israel Chemicals Ltd., LANXESS AG, Pacific Organics Pvt. Ltd., Perekop bromine, TETRA Technologies Inc., and Tosoh Corp. are some of the major bromine market vendors.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report