Bromine Derivatives Market

Bromine Derivatives Market – Size, Share, Outlook, and
Opportunity Analysis, 2018 – 2025
Bromine derivatives are mainly categorized into two segments, inorganic bromine
derivative and organic bromine derivatives. Inorganic bromine derivatives mainly
includes Calcium Bromide, Potassium Bromide & Sodium Bromide. Organic bromine
derivatives includes Ethylene dibromide, Methyl Bromide, Hydrobromic Acid
(Hydrogen Bromide), Tetrabromobisphenol A, Decabromodiphenyl Oxide and
Octabromodiphenyl oxide.
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Market Dynamics
Bulk availability of bromine feedstock and increasing oil & gas exploration activities
in Asia Pacific, South America, and Africa are creating highly conductive
environment for growth of bromine derivatives market in these regions. In addition to
this, increasing demand for bromine derivatives in water treatment and Mercury
Emission Control by power plants is expected to have positive impact on growth of
the market in the near future.
However, stringent regulations imposed on use of synthetic bromine derivatives is a
major challenge for market growth. For instance, in 2016, European Union (EU)
published Regulation 2016/293 prohibiting hexabromocyclododecane, which is a
bromine containing flame retardant. It has applications such as filling bean bags,
electrical appliances, packaging materials, textile coating additive, and upholstered
furniture.
Market Outlook
Among application, flame retardant segment accounted for the highest market share
in 2017. The segment is expected to lead the market throughout the forecast period
(2018-25). Rising fire accidents globally has resulted in increasing demand for
bromine based flame retardants. According to the National Fire Protection
Association (NFPA), between 2011 and 2015, municipal fire departments in the U.S.
responded to an average of 37,910 fires at industrial or manufacturing properties
every year with annual losses from these fires estimated at 16 civilian deaths, 273
civilian injures, and US$ 1.2 billion in direct property damage totally.
Among end-use industries, chemical segment dominated in the market in 2017.
Owing to extensive applications of bromine derivatives in chemical industries, the
segment is projected to maintain dominant position in the market over the forecast
period.
Asia Pacific is projected to be the fastest growing region in the market over the
forecast period. Key factors such as bulk availability of Bromine Feedstock, and
rapid penetration of Chemical, pharmaceutical, Personal Care companies into
emerging economies such as China and India are creating immense opportunities
for growth of bromine derivatives market.
Key players in Global Bromine Derivatives Market
Key players operating in the global Bromine Derivatives market include Israel
Chemicals Limited, Albemarle Corporation, LANXESS (Chemtura Corporation),
Jordan Bromine Corporation, Tosoh Corporation, Tata Chemicals Limited, Gulf
Resource Inc., TETRA Technologies Inc., Honeywell International Inc., and Perekop
Bromine Factory among others.
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Global Bromine Derivatives Market report categorizes the global market by Derivative, Application, End-Use Industry , and Region (North America, South America, Europe, Asia Pacific, Middle East and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018 – 2025

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