Dec 29, 2017   SOURCE: BusinessWire

Bromine - Global Market Outlook (2017-2023) - Research and Markets

The "Bromine - Global Market Outlook (2017-2023)" report has been added to Research and Markets' offering.

The Global Bromine Market is expected to grow from $2.35 billion in 2016 to reach $4.28 billion by 2023 with a CAGR of 8.9%.

Increasing consumption of bromine in various end use industries such as oil & gas, automotive, pharmaceuticals, textile, agricultural, and electronics will be one of the major factors that will have a positive impact on the growth of the market. Bromine and its derivatives are widely used in PTA synthesis, plasma etching, flame retardants, biocides, and oil & gas drilling applications. Furthermore, increasing oil and gas demand, expansion of water treatment industry, developments in oil & gas production with advance manufacturing units, rising usage as mercury reducing agents and stringent environmental policies are the factors favoring the market growth. However, environmental concerns due to its toxicological effects and developing non-halogenated flame retardants will hamper the bromine market's growth to some extent in the near future.

Bromine is a chemical element, one of nature's building blocks. Bromine derivatives are essential ingredients in everything from drugs and automotive tires to water purifiers, sanitizers and additives that protect lives and property from fire. Bromine derivatives are used to explore for oil and gas, and they help us keep swimming pools and spas clean and clear. They are vital to agriculture and international trade because they protect crops from insect damage and help to keep imported commodities free of invasive pests. Bromine is classified as a hazardous waste material under the CERCLA (Superfund) act of 1980 and the Resource Conservation and Recovery Act (RCRA) of 1976, along with numerous state and local laws and regulations. Under these rules, bromine must be disposed of in a way that minimizes potential harm to humans and the environment.

Derivatives Covered:

  • Clear Brine Fluids
  • Hydrogen Bromide (BHR)
  • Organobromines

Applications Covered:

  • Biocides
  • Catalysts
  • Flame Retardants
  • Oil & Gas drilling
  • Organic Intermediates
  • Plasma etching
  • PTA synthesis
  • Other Applications

Verticals Covered:

  • Oil and gas
  • Automotive
  • Chemicals
  • Pharmaceuticals
  • Agriculture
  • Cosmetics
  • Textile
  • Other Verticals

Companies Mentioned

  • Sanofi SA
  • Honeywell International Inc.
  • Aquachina Chemicals
  • Chemtura Corporation
  • Israel Chemicals Limited
  • Solaris Chemtech
  • Dhruv Chem Industries
  • Tetra Technologies Inc.
  • Tosoh Corporation
  • Albemarle Corporation

Key Topics Covered:

1. Executive Summary

2. Preface

3. Market Trend Analysis

4. Porters Five Force Analysis

5. Global Bromine Market, By Derivative

6. Global Bromine Market, By Application

7. Global Bromine Market, By Vertical

8. Global Bromine Market, By Geography

9. Key Developments

10. Company Profiling

For more information about this report visit https://www.researchandmarkets.com/research/sls96q/bromine_global