Bromine Market Opportunities 2031
MARKET OVERVIEW
Bromine is a dense, volatile, and flammable substance widely used chemical element in various industrial and commercial applications. Bromine is most commonly used as a flame retardant, an intermediate in producing other chemicals, and as a reagent in organic synthesis. The main end-users of bromine are agriculture and water treatment industries. Bromine is used as a flame retardant in a wide range of products, including electronic equipment, building materials, and plastics. In agriculture, bromine is used as a pesticide and herbicide. In the water treatment industry, bromine is used as a disinfectant and algicide. The use of bromine provides several advantages, including improved safety, increased efficiency, and improved product performance. Bromine helps enhance the safety of electronic equipment, building materials, and other products by reducing fire risk. In the water treatment industry, bromine helps to improve water quality and lowering the risk of disease by acting as a disinfectant and algicide. The future of the bromine market is anticipated to be positive, driven by the growing demand for flame retardants and other bromine-based products.
MARKET DYNAMICS
There is a rise in demand for brominated flame retardants because of their applications in consumer electronics such as computers, mobile phones, televisions, etc. This, in turn, has driven the growth of the bromine market. The use of bromine as a drilling liquid in the oil and gas industry and mercury emission mitigation also fuel the market's development. The application of bromine in the water treatment process and flow batteries is anticipated to bolster the growth of the bromine market in the years to come.
MARKET SCOPE
The "Global Bromine Market Analysis to 2031" is a specialized and in-depth study of the chemical and material industry with a special focus on global market trend analysis. The report aims to provide an overview of the bromine market with detailed market segmentation by derivative type, application, and geography. The global bromine market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bromine players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global bromine market is segmented on the basis of derivative type, application, and geography. On the basis of derivative type, the market is segmented into organobromines, clear brine fluids, hydrogen bromide and others. The market on the basis of application is broken into flame retardants, water treatment, mercury emission control, oil & gas drilling, HBR flow batteries, fine chemicals, agricultural products, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bromine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the bromine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bromine market in these regions.
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The report provides a detailed overview of the industry, including both qualitative and quantitative information. It provides an overview and forecast of the market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The bromine market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the bromine market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the bromine market in these regions.
MARKET PLAYERS
The reports cover key developments in the bromine market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from the bromine market are anticipated to lucrative growth opportunities in the future with the rising demand for bromine in the global market. Below mentioned is the list of few companies engaged in the bromine market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the bromine market. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last 3 years, the key development in the past five years.
- Chemtura Corporation
- Dhruv Chem Industries
- Gulf Resources Inc.
- Hindustan Salts Ltd.
- Israel Chemical Ltd
- Jordan Bromine Company
- Morre-Tec Industries Inc.
- Tata Chemicals Ltd.
- Tetra Technologies Inc.
- Tosoh Corporation
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Bromine Market - By Derivative Type
1.3.2 Bromine Market - By Application
1.3.3 Bromine Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BROMINE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BROMINE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. BROMINE MARKET - GLOBAL MARKET ANALYSIS
6.1. BROMINE - GLOBAL MARKET OVERVIEW
6.2. BROMINE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. BROMINE MARKET - REVENUE AND FORECASTS TO 2028 - DERIVATIVE TYPE
7.1. OVERVIEW
7.2. DERIVATIVE TYPE MARKET FORECASTS AND ANALYSIS
7.3. ORGANOBROMINES
7.3.1. Overview
7.3.2. Organobromines Market Forecast and Analysis
7.4. CLEAR BRINE FLUIDS
7.4.1. Overview
7.4.2. Clear Brine Fluids Market Forecast and Analysis
7.5. HYDROGEN BROMIDE
7.5.1. Overview
7.5.2. Hydrogen Bromide Market Forecast and Analysis
7.6. OTHERS
7.6.1. Overview
7.6.2. Others Market Forecast and Analysis
8. BROMINE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. FLAME RETARDANTS
8.3.1. Overview
8.3.2. Flame Retardants Market Forecast and Analysis
8.4. WATER TREATMENT
8.4.1. Overview
8.4.2. Water Treatment Market Forecast and Analysis
8.5. MERCURY EMISSION CONTROL
8.5.1. Overview
8.5.2. Mercury Emission Control Market Forecast and Analysis
8.6. OIL AND GAS DRILLING
8.6.1. Overview
8.6.2. Oil and Gas Drilling Market Forecast and Analysis
8.7. BHR FLOW BATTERIES
8.7.1. Overview
8.7.2. BHR Flow Batteries Market Forecast and Analysis
8.8. FINE CHEMICALS
8.8.1. Overview
8.8.2. Fine Chemicals Market Forecast and Analysis
8.9. AGRICULTURAL PRODUCTS
8.9.1. Overview
8.9.2. Agricultural Products Market Forecast and Analysis
8.10. BIOCIDES
8.10.1. Overview
8.10.2. Biocides Market Forecast and Analysis
8.11. INORGANIC COMPOUNDS
8.11.1. Overview
8.11.2. Inorganic Compounds Market Forecast and Analysis
8.12. ENERGY STORAGE
8.12.1. Overview
8.12.2. Energy Storage Market Forecast and Analysis
8.13. OTHERS
8.13.1. Overview
8.13.2. Others Market Forecast and Analysis
9. BROMINE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Bromine Market Overview
9.1.2 North America Bromine Market Forecasts and Analysis
9.1.3 North America Bromine Market Forecasts and Analysis - By Derivative Type
9.1.4 North America Bromine Market Forecasts and Analysis - By Application
9.1.5 North America Bromine Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Bromine Market
9.1.5.1.1 Canada Bromine Market by Derivative Type
9.1.5.1.2 Canada Bromine Market by Application
9.1.5.2 Mexico Bromine Market
9.1.5.2.1 Mexico Bromine Market by Derivative Type
9.1.5.2.2 Mexico Bromine Market by Application
9.1.5.3 US Bromine Market
9.1.5.3.1 US Bromine Market by Derivative Type
9.1.5.3.2 US Bromine Market by Application
9.2. EUROPE
9.2.1 Europe Bromine Market Overview
9.2.2 Europe Bromine Market Forecasts and Analysis
9.2.3 Europe Bromine Market Forecasts and Analysis - By Derivative Type
9.2.4 Europe Bromine Market Forecasts and Analysis - By Application
9.2.5 Europe Bromine Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Bromine Market
9.2.5.1.1 Germany Bromine Market by Derivative Type
9.2.5.1.2 Germany Bromine Market by Application
9.2.5.2 France Bromine Market
9.2.5.2.1 France Bromine Market by Derivative Type
9.2.5.2.2 France Bromine Market by Application
9.2.5.3 Italy Bromine Market
9.2.5.3.1 Italy Bromine Market by Derivative Type
9.2.5.3.2 Italy Bromine Market by Application
9.2.5.4 United Kingdom Bromine Market
9.2.5.4.1 United Kingdom Bromine Market by Derivative Type
9.2.5.4.2 United Kingdom Bromine Market by Application
9.2.5.5 Russia Bromine Market
9.2.5.5.1 Russia Bromine Market by Derivative Type
9.2.5.5.2 Russia Bromine Market by Application
9.2.5.6 Rest of Europe Bromine Market
9.2.5.6.1 Rest of Europe Bromine Market by Derivative Type
9.2.5.6.2 Rest of Europe Bromine Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Bromine Market Overview
9.3.2 Asia-Pacific Bromine Market Forecasts and Analysis
9.3.3 Asia-Pacific Bromine Market Forecasts and Analysis - By Derivative Type
9.3.4 Asia-Pacific Bromine Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Bromine Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Bromine Market
9.3.5.1.1 Australia Bromine Market by Derivative Type
9.3.5.1.2 Australia Bromine Market by Application
9.3.5.2 China Bromine Market
9.3.5.2.1 China Bromine Market by Derivative Type
9.3.5.2.2 China Bromine Market by Application
9.3.5.3 India Bromine Market
9.3.5.3.1 India Bromine Market by Derivative Type
9.3.5.3.2 India Bromine Market by Application
9.3.5.4 Japan Bromine Market
9.3.5.4.1 Japan Bromine Market by Derivative Type
9.3.5.4.2 Japan Bromine Market by Application
9.3.5.5 South Korea Bromine Market
9.3.5.5.1 South Korea Bromine Market by Derivative Type
9.3.5.5.2 South Korea Bromine Market by Application
9.3.5.6 Rest of Asia-Pacific Bromine Market
9.3.5.6.1 Rest of Asia-Pacific Bromine Market by Derivative Type
9.3.5.6.2 Rest of Asia-Pacific Bromine Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Bromine Market Overview
9.4.2 Middle East and Africa Bromine Market Forecasts and Analysis
9.4.3 Middle East and Africa Bromine Market Forecasts and Analysis - By Derivative Type
9.4.4 Middle East and Africa Bromine Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Bromine Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Bromine Market
9.4.5.1.1 South Africa Bromine Market by Derivative Type
9.4.5.1.2 South Africa Bromine Market by Application
9.4.5.2 Saudi Arabia Bromine Market
9.4.5.2.1 Saudi Arabia Bromine Market by Derivative Type
9.4.5.2.2 Saudi Arabia Bromine Market by Application
9.4.5.3 U.A.E Bromine Market
9.4.5.3.1 U.A.E Bromine Market by Derivative Type
9.4.5.3.2 U.A.E Bromine Market by Application
9.4.5.4 Rest of Middle East and Africa Bromine Market
9.4.5.4.1 Rest of Middle East and Africa Bromine Market by Derivative Type
9.4.5.4.2 Rest of Middle East and Africa Bromine Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Bromine Market Overview
9.5.2 South and Central America Bromine Market Forecasts and Analysis
9.5.3 South and Central America Bromine Market Forecasts and Analysis - By Derivative Type
9.5.4 South and Central America Bromine Market Forecasts and Analysis - By Application
9.5.5 South and Central America Bromine Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Bromine Market
9.5.5.1.1 Brazil Bromine Market by Derivative Type
9.5.5.1.2 Brazil Bromine Market by Application
9.5.5.2 Argentina Bromine Market
9.5.5.2.1 Argentina Bromine Market by Derivative Type
9.5.5.2.2 Argentina Bromine Market by Application
9.5.5.3 Rest of South and Central America Bromine Market
9.5.5.3.1 Rest of South and Central America Bromine Market by Derivative Type
9.5.5.3.2 Rest of South and Central America Bromine Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BROMINE MARKET, KEY COMPANY PROFILES
11.1. CHEMTURA CORPORATION
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. DHRUV CHEM INDUSTRIES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GULF RESOURCES INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HINDUSTAN SALTS LTD.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ISRAEL CHEMICAL LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. JORDAN BROMINE COMPANY
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MORRE-TEC INDUSTRIES INC.
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TATA CHEMICALS LTD.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TETRA TECHNOLOGIES INC.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOSOH CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
The List of Companies
- Chemtura Corporation
- Dhruv Chem Industries
- Gulf Resources Inc.
- Hindustan Salts Ltd.
- Israel Chemical Ltd
- Jordan Bromine Company
- Morre-Tec Industries Inc.
- Tata Chemicals Ltd.
- Tetra Technologies Inc.
- Tosoh Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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