The Bromine Market to slip into the innovation-oriented ellipse at a CAGR of 2.6% from 2022-2031

 Bromine Market 2022-2031

New Study Reports “Bromine Market 2022 Global Analysis By Key Regions, Production, Consumption, Revenue, Applications, Growth and Forecasts 2031” has been Added on PersistenceMarketResearch.

Report Details:

This report provides in depth study of “Bromine Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Bromine Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.

This updated survey on the bromine industry has estimated market revenue for 2031 to reach approximately US$ 3.3 Bn. Analysts at Persistence Market Research have predicted the industry to progress at a CAGR of 2.6% in terms of value over the decade.

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Demand will be impeded by growing regulations and legislations, especially in the European Union (EU), where the use of certain brominated flame retardants is banned or restricted.

Key Players:

The report has profiled some of the important players prevalent in the global like – Israel Chemicals Limited, Chemtura Corporation, Albemarle Corporation, Gulf Resources Inc., Tosoh Corporation, Tetra Technologies Inc., Tata Chemicals Limited and Hindustan Salts Limited and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Bromine Market.

Flame retardants will continue to remain the largest application segment. Use of bromine in oil and gas drilling will continue its upward momentum in 2021, growing at a moderate rate in terms of volume – the fastest among all the application segments.

The chemicals industry is anticipated remain the largest consumer of bromine. Use of bromine in the oil and gas sector will also continue to witness steady growth, as clear brine fluids gain traction for drilling purposes.

Demand will be offset by sluggish adoption in the electronics industry, as use of brominated flame retardants continues to face stricter regulations. Demand for bromine from electronics sector is expected to witness a steady growth in 2021 over 2020.

Asia Pacific is expected to remain the largest market for bromine. This is primarily due to expansion of end-use industries such as chemicals, pharmaceuticals, textiles, and electronic in APAC.

Latin America will continue to offer growth opportunities to manufacturers, with global demand witnessing a steady volume growth in 2021 over 2020. Demand is expected face constraints in the mature markets of North America and Western Europe in 2021 as well.

Top players are continuously focusing on expanding their product offerings, especially in flame retardants segments. Collaborations and joint ventures are key business strategies to develop green brominated flame retardants.

Long-term Outlook: Persistence Market Research projects the global bromine market to witness moderate growth during the forecast period 2022-2031.

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders
Bromine Market Manufacturers
Bromine Market Distributors/Traders/Wholesalers
Bromine Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Bromine Market – Report Highlights

·         A detailed overview of parent market of Bromine Market

·         Changing Bromine Market dynamics in the industry

·         In-depth segmentation of the Bromine Market

·         Historical, current, and projected Bromine Market size regarding volume and value

·         Recent industry trends and developments in Bromine Market

·         Competitive landscape of the Bromine Market

·         Strategies for key players and products offered

·         Potential and niche segments, geographical regions exhibiting promising growth

·         A neutral perspective on Bromine Market performance

·         Must-have information for Bromine Market players to sustain and enhance their market footprint

Key Questions Answered in the Bromine Market Report

How is the Bromine Market expected to grow over the projected period?

What direction is the Bromine Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Bromine Market in future?

What are the key market drivers in the Bromine Market?

What are significant opportunities and improvement areas for Bromine Market manufacturers?

What are the key developments and trends taking over the Bromine Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Bromine Market?

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