DUBLIN, Apr. 25, 2014 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/ndzftc/bromine_and_its) has announced the addition of the "Bromine & Its Derivatives Market by Derivatives, Application & Geography - Global Trends & Forecasts 2018" report to their offering.
The report considers three commonly used derivatives of bromine - organobromines, clear brine fluids, and hydrogen bromide. Organobromines are brominated organic compounds. Brine fluids are solution of bromide salts in water. Brine fluids are synthesized by making a heavy solution of calcium bromide (CaBr2), sodium bromide (NaBr), and zinc bromide (ZnBr2) in water. Hydrogen bromide is produced by making hydrogen react with bromine. It is also synthesized by making the concentrated sulphuric acid react with sodium bromide.
The major applications for organobromines, brine fluids, and hydrogen bromide include flame retardants, oil & gas drilling, biocides, medicinal, fumigants, HBr flow battery, PTA synthesis, plasma etching, and pharmaceutical formulations. Important end-user industries consuming bromine & its derivatives include oil & gas, electronics, textile, construction, automotive, water treatment, agricultural, furnishing, ship building.
The demand for bromine & its derivatives is driven by factors such as strict environmental policies and favourable regulations encouraging the use of bromine in coal fired power plants to reduce mercury elements; increasing demand and production of oil & gas; growth in manufacturing industry of the major countries; and increasing demand for biocides in agricultural and water treatment industry.
Organobromines are the largest derivative of bromine. The market revenue of organobromines is expected to reach to $4,602.80 million by 2018. Asia-Pacific is currently the largest and fastest growing consumer of bromine. The market revenue for organobromines in Asia-Pacific is expected to grow at a CAGR of 9.44% in the next five years.
Flame retardants are the largest applications for bromine & its derivatives across the world. The market for the same is estimated to generate revenue of $2,643.81 million by 2018. Flame retardants are widely used in the automotive, textile, construction, and electronics industries. Plasma etchings are the fastest growing applications for bromine derivatives globally.
Key Topics Covered:
2 Executive Summary
3 Premium Insights
4 Market Overview
5 Bromine Market, By Derivatives
6 Bromine Market, By Geography
7 Bromine Derivatives Market
8 Competitive Landscape (Page No. - 169)
9 Company Profiles
- Albemarle Corporation
- Chemtura Corporation
- Hindustan Salts Ltd.
- Honeywell International Inc.
- Israel Chemicals Ltd.
- Jordan Bromine Company Ltd.
- Morre-Tec Industries Inc.
- Sanofi S.A.
- Tata Chemicals Ltd.
- Tetra Technologies Inc.
- Tosoh Corporation
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SOURCE Research and Markets