Bromine is a naturally occurring chemical element and is primarily used as a catalyst and synthesizing agent for the production of various products which include disinfectant, flame retardants, photographic chemicals, and water disinfectant. Automobile, agriculture and electronics are some of the major end-user industries of the bromine.

The global bromine market is projected to surpass US$ 2.2 billion by the end of 2027, in terms of revenue, growing at CAGR of 3.5% during the forecast period (2020 to 2027).

Market Dynamics

The global bromine market has witnessed significant growth in recent past years, owing to the rising demand for bromine and its compounds in agriculture. Asia Pacific is expected to be the fastest-growing region in the bromine market, owing to the large availability of raw materials. Furthermore, cheap labor cost, and easy availability of manufacturing facilities in India and China is another factor propelling growth of the bromine market in this region.

Detailed Segmentation:

Global Bromine Market, By Derivatives:

Clear Brine Fluids

Hydrogen Bromide

Organobromines

Global Bromine Market, By Application:

Flame Retardants

Biocides

Oil and Gas Drilling

Plasma Etching

PTA Synthesis

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Major Keyplayers: Albemarle Corporation, Israel Chemicals Limited, Chemtura Corporation, Tosoh Corporation, Gulf Resources Inc., Tetra Technologies Inc., Tata Chemicals Limited, and Hindustan Salts Limited

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