The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on Bromine production region, major players, and product type which will provide a simplified view of the Bromine industry. The Bromine market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in Bromine market which will help the emerging market segments in making vital business decisions.
The Global Bromine Market was valued at USD 2.98 Billion in 2018 and is projected to reach USD 4.47 Billion by 2026, growing at a CAGR of 5.2% from 2019 to 2026.
Bromine Market Segmentation:
This report on Global Bromine market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for Bromine. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).
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Global Bromine market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Albemarle Corporation, Israel Chemicals Ltd., Tata Chemicals Limited, Tosoh Corporation, LANXESS Corporation, TETRA Technologies, Inc., Honeywell International Inc., Perekop Bromine, Hindustan Salts Limited, and Gulf Resources Inc, amongst others.
The demand for global bromine market is anticipated to show considerable growth due to its increased demand in several applications such as flame retardants, biocides, PTA synthesis, oil & gas drilling, and plasma etching. For instance, in September 2019, Israel Chemicals Ltd., announced that it plans to expand its bromine compounds capacity to approximately 25,000 metric tons annually. Moreover, the growth of bromine consumption by several industries such as textile industry, cosmetic industry, pharmaceuticals and Agro-Fumigants is also expected to fuel the market growth. On the other hand, increasing environmental concerns resulting from water and soil pollution due to bromine is a key factor that might hinder the market growth. Moreover, emergence of non-halogenated flame retardants, toxicological effects of brominated compounds, and fluctuating oil and gas prices in the recent past are major factors limiting the growth of global bromine market.
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This independent 203 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the Bromine market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2026.
Key Takeaways from this Report
- Impact of low unit costs, diversified product ranges and intense competition on the market
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Regional analysis of the market
- Identifying the latest developments, market shares, and strategies employed by the major market players
- 3-month analyst support, along with the Market Estimate sheet (in Excel)
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