Bromine Market to Reach US$2.674 Bn by 2025, Soaring Industrial Application to Boost Sales in Bromine Market - TMR

Bromine Market to Reach US$2.674 Bn by 2025, Soaring Industrial Application to Boost Sales in Bromine Market - TMR

PR Newswire

ALBANY, New York, December 10, 2018

ALBANY, New York, December 10, 2018 /PRNewswire/ --

The global bromine market is anticipated to see immense growth in the forthcoming years, according to a report by Transparency Market Research (TMR). With a small number of players operating in the industry, the competitive ecosystem features moderate consolidation. Top vendors in the global bromine market have strategically gained market traction employing different methodologies. Leading vendors are seen expanding their production capacities, geographical presence, and technical expertise. Deep pocketed players are pouring resources into research and development, with an aim to create a unique product portfolio.

     (Logo: )

Another key strategy adopted by vendors in the global bromine market is ensuring cost-efficiency of their product. This is expected to gain vendors substantial momentum in the market, as the product has a largely industrial application. Industries tend to have high order volumes for such product, which is expected to amplify competition.

Request a Sample of Global Bromine Market:

Prominent players operating in the global bromine market are Jordan Bromine Company Limited, Gulf Resources Inc., Albemarle Corporation, TETRA Technologies, and Israel Chemical Ltd. (ICL).

TMR projects that the global bromine market will rise at a 5.0%CAGR over the forecast duration 207 to 2025. The market, which was estimated to be at US$1.74 bn in 2016, is predicted to reach US$2.674 mn by 2025.

Request For Multiple Chapters:

Substantial Demand from Oil and Gas Industry to Augment Demand 

The demand for bromine is anticipated to see immense takeoff attributable to their application in penetrating wells in the oil and gas industry to decrease the harm of the wellbores. Additionally, bromine is likewise utilized in water treatment process, which is anticipated to augment the demand for bromine market in the coming years. In recent times, bromine has likewise seen fast development attributable to its broad use as a modern fumigant for storage items, factories, stockrooms, and boats.

Request For Discount On This Report:

Novel Use as Flame Retardant to Propel Growth  

As per the National Fire Protection Association (NFPA), between 2011 and 2015, metropolitan fire divisions in the U.S. reacted to 37,910 flames at modern or assembling properties consistently. Bromine and the products identified with bromine is utilized as a fire resistant in end use industry for example, oil and gas, and construction, among others. The vast number of flame mishaps across the globe is boosting the demand for fire retardants, which drives the market for bromine all inclusive.

Stringent Regulations to Dampen Market  

Brominated fire resistant are viewed as poisonous in nature. On account of this, growing concern towards water and soil contamination because of bromine may influence the demand for global bromine market. North America and Europe are developed markets for bromine and show inclination towards restricted utilization of brominated fire retardants because of ecological concerns about its perilous nature. This is expected to hinder the growth of the bromine market to some extent.

Browse Press Release:

This review is based on TMR's report titled, "Bromine Market (Application - Flame Retardants, Drilling Fluids, Biocides, Catalysts, and Water Treatment) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025."

Global Bromine Market - Application Analysis 

Browse Chemicals and Materials Market Research Report

Popular Research Report by TMR: 

About Us:  

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Research Blog:

Voltar noticias em Inglês