Bromine Derivatives Market Global Analysis by 2024


Posted December 4, 2019 by MoinPatni

The use of bromine-based products has increased in controlling mercury emissions from coal-fired power plants and industrial boilers

 
Bromine Derivatives Market Synopsis:
The Global Bromine Derivatives Market is expected to register a CAGR of 4.41% during the review period. Bromine is found in high concentration in seawater, salt lakes, and underground brines. Bromine derivatives find use in numerous applications such as electronics, construction, chemicals, water treatment, and oil & gas, among others. The global demand for bromine derivatives is primarily driven by widespread use as a flame retardant in numerous electronics products and construction applications. The use of bromine-based products has increased in controlling mercury emissions from coal-fired power plants and industrial boilers.
Bromine Derivatives Market Competitive Analysis:
Some of the key players operating in the global bromine derivatives market are Albemarle Corporation (US), Tosoh Corporation (Japan), PACIFIC ORGANICS PVT Ltd (India), BEACON ORGANOSYS (India), Honeywell International Inc. (US), APK (India), LANXESS (Germany), TETRA Technologies, Inc. (US), ICL (Israel), and Neogen Chemical Limited (India).
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Bromine Derivatives Market Segmentation:
The global bromine derivatives market has been segmented by product type, application, end-use industry, and region.
On the basis of product type, the global market has been classified into calcium bromide, sodium bromide, zinc bromide, hydrogen bromide, decabromodiphenyl ethane (DBDPE), tetrabromobisphenol A (TBBPA), and others. Zinc and calcium bromides are widely used in the production of non-damaging fluid with densities ranging from 15.1 lb/gal to 19.2 lb/gal and 11.7 lb/gal to 15.1 lb/gal, respectively. Both zinc bromide and calcium bromide possess thermal and chemical stability and can also be blended with other solutions containing bromides and chloride. Sodium bromide is used in numerous applications including oilfield, water treatment, pulp & paper, and pharmaceuticals. Decabromodiphenyl ethane (DBDPE) and Tetrabromobisphenol A (TBBPA) are used as bromine flame retardants in the electrical & electronics and construction industries.
Based on application, the global market has been divided into flame retardants, organic intermediate, oil & gas drilling, biocides, PTA synthesis, and others. The flame retardants segment accounted for the largest share of the global bromine derivatives market in 2018 owing to increasing use in various electronic products and construction applications. However, rising concern about the use of flame retardants on human health and environment is likely to affect the growth of the global bromine derivatives market. Bromine compounds are being widely used as organic intermediates in producing other chemicals. The oil and gas drilling segment are expected to register significant growth during the review period on account of the increase in oil and gas exploration activities in the developing countries. Bromine compounds are also being used in agrochemicals to prevent crop damage and in the transportation industry as specialty rubber for tire manufacturing to improve tire strength and resistance to leakage.
Based on end-use industry, the global market has been divided into electrical & electronics, construction, oil & gas, chemicals, pharmaceuticals, wastewater treatment, and others. Electrical & electronics, construction, and chemicals are the major revenue generating segments of the global bromine derivatives market. However, the oil and gas segment is likely to witness significant growth in the coming years on account of the growing preference for hydraulic fracturing technique for shale oil and gas extraction.
Bromine Derivatives Market Table Of Contents to be Continue……,
Browse key industry insights spread across 140 pages with 47 market data tables & 12 figures & charts from the report, “Bromine Derivatives Market Information by Product Type (Hydrogen Bromide, Calcium Bromide, Sodium Bromide, Zinc Bromide, Decabromodiphenyl Ethane (DBDPE), Tetrabromobisphenol A (TBBPA)), Application (Flame Retardants, Organic Intermediate, Oil & Gas Drilling, Biocides, PTA Synthesis), End-Uses Industry (Electrical & Electronics, Construction, Oil & Gas, Chemicals, Pharmaceuticals, Wastewater Treatment) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Growth Potential, Price Trends, Competitive Market Share & Forecast, 2024” in detail along with the table of contents @ https://www.marketresearchfuture.com/reports/bromine-derivatives-market-8060
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Issued By Mpatni
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Business Address Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune - 411028 Maharashtra, India
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Categories Business , Industry
Tags bromine derivatives market share , bromine derivatives market size
Last Updated December 4, 2019