Global Bromine Market To Become Worth US$2.674 bn By 2025
"The
Latest Research Report Bromine Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2017 - 2025 provides
information on pricing, market analysis, shares, forecast, and
company profiles for key industry participants. -
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About
Bromine Market
Bromine is a chemical element with
symbol Br and atomic number 35. It is the third-lightest halogen and
it exists in the form of fuming red-brown liquid at room temperature.
The commercial source of bromine is brine pools. Major producers of
bromine are Israel, the U.S., and China. The mass of bromine in
oceans is about 0.0033 times to that of chlorine.
The report estimates and forecasts
the bromine market on the global and regional levels. The study
provides forecast between 2017 and 2025 based on volume (tons) and
revenue (US$ Mn) with 2015 as the base year. The report comprises an
exhaustive value chain analysis for each of the segments. It provides
a comprehensive view of the market. Value chain analysis also offers
detailed information about value addition at each stage.
The study includes drivers and
restraints for the Bromine market along with their impact on demand
during the forecast period. The study also provides key market
indicators affecting the growth of the market. The report analyzes
opportunities in the Bromine market on the global and regional level.
Drivers, restraints, and opportunities mentioned in the report are
justified through quantitative and qualitative data. These have been
verified through primary and secondary resources. Furthermore, the
report analyzes substitute analysis of Bromine and global average
price trend analysis.
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Global Bromine Market:
Segmentation
The study provides a comprehensive
view of the bromine market by dividing it into application and
geography segments. The applications are segmented into flame
retardants, drilling fluids, biocides, catalysts, water treatment,
and others. These segments have been analyzed based on historic,
present, and future trends.
Regional segmentation includes the
current and forecast consumption of bromine in North America, Latin
America, Europe, Asia Pacific, and Middle East & Africa (MEA).
Market segmentation includes demand for consumption in all the
regions individually.
Bromine has applications in
brominated flame retardants, as clear brine fluids in drilling
fluids, water treatment, biocides among others. The major application
of bromine is observed in flame retardants, followed by drilling
fluids as clear brine fluids. Clear brine fluids are industrial
fluids used in various operations in the oil & gas industry such
as completion, work-over, and drilling. Brominated flame retardants
(BFRs) are effective in applications such as electronics, clothes,
and furniture.
Major application of bromine is in
the manufacturing of BFRs for textiles and polymer. However, the
market for BFRs has been declining over a decade due to various
regulations and legislation that either seek compliance with limited
BFR content or ban the product altogether. The declining usage of
bromine in flame retardants is acting as a major restraint to the
bromine market.
Major usage of bromine in water
treatment is in industrial water treatment and residential &
commercial water purification. Bromine is used to prevent the
formation and growth of algae, bacteria, and odors in the swimming
water. Rise in adoption of water treatment chemicals is anticipated
to keep the market prospects upbeat.
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Global Bromine Market:
Competitive Analysis
The report includes Porter’s
Five Forces Model to determine the degree of competition in the
bromine market. The report comprises a qualitative write-up on market
attractiveness analysis, wherein end-users and regions have been
analyzed based on attractiveness for each region. Growth rate, market
size, raw material availability, profit margin, impact strength,
technology, competition, and other factors (such as environmental and
legal) have been evaluated in order to derive the general
attractiveness of the market. The report comprises price trend
analysis for bromine market between 2017 and 2025.
The report covers detailed
competitive outlook that includes market share and profiles of key
players operating in the global market. Key players profiled in the
report include Israel Chemical Ltd. (ICL), Albemarle Corporation,
Jordan Bromine Company Limited, and Gulf Resources Inc. Company
profiles include attributes such as company overview, number of
employees, brand overview, key competitors, business overview,
business strategies, recent/key developments, acquisitions, and
financial overview (wherever applicable).
Global Bromine Market: Research
Methodology
Secondary research sources that
were typically referred to include, but were not limited to, U.S.
Geological Survey, British Geological Survey, World Mining Congress,
U.N. Comtrade, Industrial Minerals, company websites, financial
reports, annual reports, investor presentations, broker reports, and
SEC filings. Other sources such as internal and external proprietary
databases, statistical databases and market reports, news articles,
national government documents, and webcasts specific to companies
operating in the market have also been referred for the report.
In-depth interviews and
discussions with a wide range of key opinion leaders and industry
participants were conducted to compile this research report. Primary
research represents the bulk of research efforts, supplemented by
extensive secondary research. Key players’ product literature,
annual reports, press releases, and relevant documents were reviewed
for competitive analysis and market understanding. This helped in
validating and strengthening secondary research findings. Primary
research further helped in developing the analysis team’s expertise
and market understanding.
The global bromine market has
been segmented as follows:
Bromine Market – Application
Analysis
Flame Retardants
Drilling Fluids
Biocides
Catalysts
Water Treatment
Others
Bromine Market – Regional
Analysis
North America
U.S.
Canada
Latin America
Brazil
Mexico
Rest of Latin America
Europe
Germany
France
U.K.
Russia
Italy
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East &
Africa
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Table of Content
1. Preface
1.1. Report Scope and Market
Segmentation
1.2. Research Highlights
2. Assumptions and Research
Methodology
2.1. Report Assumptions
2.2. Secondary Sources and
Acronyms Used
2.3. Research Methodology
3. Executive Summary
3.1. Market Snapshot
3.2. Top Trends
4. Market Overview
4.1. Product Overview
4.2. Key Industry Developments
4.3. Market Indicators
4.4. Drivers and Restraints
Snapshot Analysis
4.4.1. Drivers
4.4.2. Restraints
4.4.3. Opportunities
4.5. Global Bromine Market
Analysis and Forecast
4.6. Porter’s Analysis
4.6.1. Threat of Substitutes
4.6.2. Bargaining Power of Buyers
4.6.3. Bargaining Power of
Suppliers
4.6.4. Threat of New Entrants
4.6.5. Degree of Competition
4.7. Value Chain Analysis
4.8. Global Demand-Supply Scenario
4.9. Global Bromine Market
Outlook, 2016
4.10. Regulatory Scenario
4.11. Global Bromine Market: SWOT
Analysis
4.12. Bromine Market Prices, by
Application, US$/Ton, 2016–2025
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