01-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Bromine Derivatives Market By Type (Brominated Polystyrene, Tetrabromobisphenol A, Calcium Bromide, Sodium Bromide, Zinc Bromide, Hydrobromic Acid, Decabromodiphenyl Ethane, and Others), and By Application (Flame Retardants, Organic Intermediates, Oil & Gas, Biocides, PTA Synthesis, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global bromine derivatives market in 2019 was approximately USD 4.14 billion. The market is expected to grow at a CAGR of 4.4% and is anticipated to reach around USD 5.59 billion by 2026.
The growing use of bromine in controlling mercury emissions has increased demand for halogenated flame retardants fuelling the bromine derivatives market. The growing global pharmaceutical, electronics, and agriculture industry along with the rising construction sector in the Asia Pacific and the Middle East is anticipated to drive the bromine derivatives market in the upcoming years.
Brominated polystyrene is majorly used in making flame retardants. Due to its properties such as high thermal stability, it can be used in applications that require high temperature tolerance. Catalysis of polysterene with bromine is done in order to manufacture brominated polystyrene. However, these chemicals are not manufactured in developed countries such as U.S. and U.K. because of the strict regulations over the use of fire retardants that are bromine based. Nevertheless, China and some Southeast Asian countries are the leading manufacturers of these chemicals.
The major application of the bromine derivatives can be tracked to flame retardants. Flame retardants had the largest market share in 2019 and are anticipated to continue its dominace in the upconing years. Sodium Bromide is used for pharmaceutical based applications for making Anti Epileptic Drugs (AEDs) owing to its anti seizure properties and also for making a variety of medical intermediates. Hence the pharmaceutical sector is a promising field for the development of the bromine deriveties market. Calcium bromide and Sodium bromide are used in the oil and gas sector for the extraction of petroleum products and hence increased oil and gas exploration activities are anticipated to drive the bromine derivatives market.
Browse the full “Bromine Derivatives Market By Type (Brominated Polystyrene, Tetrabromobisphenol A, Calcium Bromide, Sodium Bromide, Zinc Bromide, Hydrobromic Acid, Decabromodiphenyl Ethane, and Others), and By Application (Flame Retardants, Organic Intermediates, Oil & Gas, Biocides, PTA Synthesis, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/bromine-derivatives-market-by-type-brominated-polystyrene-tetrabromobisphenol-1049
North America dominated the bromine derivatives market in 2019 and is anticipated to continue its dominance in the upcoming years. Various multinational companies have made investments in North America and hence have become a crucial hub for the natural gas manufacturers along with the growing production of shale gas driving the North America bromine derivatives market.
The Asia Pacific is anticipated to grow at a significant growth rate in the upcoming years owing to huge operations of multiple companies such as Lanxess and Tosch Corporation investing heavily in research and development projects in order to increase the product quality. Latin America is expected to grow at a moderate rate in the forecast period due to limited use of brominated polystyrene in flame retardant application along with the restricted use of methyl bromide in agricultural applications such as for cultivation of strawberries, some certain flowers, and vegetables.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 4.14 Billion |
Projected Market Size in 2026 |
USD 5.59 Billion |
CAGR Growth Rate |
4.4% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Tata Chemicals Ltd., Honeywell International Inc., Israel Chemicals Limited, Hindustan Salts Ltd., Morre-Tec Industries, Inc., JK Chemicals, ICC Industries, Agrocel Industries Ltd., Sontara Organo Industries, Neogen Chemicals Limited, Albemarle Corporation, Lanxess Corporation, Tosoh Corporation, Tetra Technologies Inc., Jordan Bromine Company Ltd., Beacon Organosys, Parad Chem Corporation, Gulf Resources Inc., Kingboard Chemical Holdings Limited, Nirma Limited, and Others |
Key Segment |
By Type, Application, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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Some of the key players if the bromine derivatives market
Tata Chemicals Ltd., Honeywell International Inc., Israel Chemicals Limited, Hindustan Salts Ltd., Morre-Tec Industries, Inc., JK Chemicals, ICC Industries, Agrocel Industries Ltd., Sontara Organo Industries, Neogen Chemicals Limited, Albemarle Corporation, Lanxess Corporation, Tosoh Corporation, Tetra Technologies Inc., Jordan Bromine Company Ltd., Beacon Organosys, Parad Chem Corporation, Gulf Resources Inc., Kingboard Chemical Holdings Limited, Nirma Limited, and Others.
This report segments the bromine derivatives market as follows:
By Type Segmentation Analysis
- Brominated Polystyrene
- Tetrabromobisphenol A
- Calcium Bromide
- Sodium Bromide
- Zinc Bromide
- Hydrobromic Acid
- Decabromodiphenyl Ethane
- Others
By Application Segmentation Analysis
- Flame Retardants
- Organic Intermediates
- Oil & Gas
- Biocides
- PTA Synthesis
- Others
By Regional Segmentation Analysis
- North America
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
Rest of Middle East & Africa
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