Bromine Market: Segmentation Analysis
This market research report segments the bromine market by Application (flame retardants, drilling fluids, water treatment, agriculture, and others) and Geography (APAC, MEA, Europe, North America, and South America).
- Revenue Generating Segment: The flame retardants segment will be significant for revenue Generation. Bromine is primarily used in flame retardants to reduce the flammability of products containing organobromine compounds. These flame retardants are known as brominated flame retardants (BFRs). BFRs are primarily used in the electrical and electronics industry for manufacturing electronic components. The increased demand for electrical and electronic equipment will drive the demand for bromine during the forecast period.
- To know about the contribution of each segment - Click Now!
Bromine Market: Major Driver
- The key factor driving the bromine market is the growth of the oil and gas industry.
- The increase in oil and gas exploration activities in the US, Brazil, Mexico, Saudi Arabia, China, Russia, Norway, and other oil and gas-rich countries and the extensive use of bromine as drilling fluid for extracting petroleum products will contribute to the growth of the global bromine and bromine derivatives market. Furthermore, the increased acceptance of horizontal drilling and hydraulic fracturing techniques will fuel the consumption of bromine and bromine derivatives during the forecast period.
- According to the US EIA, oil production through hydraulically fractured wells in the US accounted for 69% of the total oil and natural gas wells drilled in the country in 2016. Moreover, hydraulically fractured horizontal wells are increasingly used for developing crude oil and natural gas.
Bromine Market: Major Challenges
- Increased demand for non-halogenated flame retardants will be a major challenge for the data center market during the forecast period.
- Non-halogenated flame retardants are based on elements such as phosphorus and nitrogen. Phosphorus-containing flame retardants are extensively used in standard and engineering plastics, thermosets, coatings, polyurethane foams, and textiles.
- Flame retardants manufactured using phosphate esters are mainly used in engineering plastics, phenolic resins, and coatings. Though ammonium polyphosphate flame retardants are primarily used in intumescent coatings, they are effective in rigid and flexible polyurethane foams and injection molded polyolefins in formulations for phenolics, epoxies, unsaturated polyesters, and coatings for textiles. Nitrogen-based melamine cyanurate is used in nylon and polypropylene intumescent formulations in conjunction with ammonium polyphosphate. These flame retardants are used in abundance, which poses a threat to the demand for halogenated flame retardants, this will reduce the consumption of bromine and bromine derivatives during the forecast period.
To know about the other drivers & challenges - Grab a sample now!
Get ready to achieve excellent business outcomes from this exclusive Bromine Market report by Technavio. The report will include highlights of the overall market which includes frequently asked questions such as -
- What are historical revenue figures and estimated revenue figures as well as CAGR during the forecast timeframe?
- What is the current trend taking place in the market space?
- Which are business tactics that will influence competitive scenarios along with defining the growth potential of the market?
- What are market drivers, restraints, and challenges impacting demand & growth of the market?
- Which regions & segments will garner massive revenue and emerge as market leaders in upcoming years?
The competitive scenario provided in the Bromine Market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc.Don't wait, Make a strategic approach & boost your business goals with our Bromine Market Forecast Report - Buy Now!
Related Reports:
- The sodium sulfite market share is expected to increase to USD 169.84 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.36%.
- The green chemicals market share is expected to increase to USD 82.76 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 11.5%.
Bromine Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 2.83% |
Market growth 2021-2025 |
USD 628.09 million |
Market structure |
Fragmented |
YoY growth (%) |
1.60 |
Regional analysis |
APAC, MEA, Europe, North America, and South America |
Performing market contribution |
APAC at 43% |
Key consumer countries |
China, India, US, Saudi Arabia, and Israel |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Albemarle Corp., BEACON ORGANOSYS, Gulf Resources Inc., Honeywell International Inc., Israel Chemicals Ltd., LANXESS AG, Pacific Organics Pvt. Ltd., Perekop bromine, TETRA Technologies Inc., and Tosoh Corp. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Content
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 02: Market characteristics
- Exhibit 03: Value chain analysis: Diversified chemicals
3 Market Sizing
- 3.1 Market definition
- Exhibit 05: Market segments
- 3.2 Market segment analysis
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- Exhibit 10: Bargaining power of suppliers
- 4.3 Bargaining power of suppliers
- Exhibit 11: Threat of new entrants
- 4.4 Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- Exhibit 13: Threat of rivalry
- 4.6 Threat of rivalry
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 16: Comparison by Application
- 5.2 Comparison by Application
- Exhibit 17: Flame retardants - Market size and forecast 2020-2025 ($ million)
- 5.3 Flame retardants - Market size and forecast 2020-2025
- Exhibit 18: Flame retardants - Year-over-year growth 2020-2025 (%)
- Exhibit 19: Drilling fluids - Market size and forecast 2020-2025 ($ million)
- 5.4 Drilling fluids - Market size and forecast 2020-2025
- Exhibit 20: Drilling fluids - Year-over-year growth 2020-2025 (%)
- Exhibit 21: Water treatment - Market size and forecast 2020-2025 ($ million)
- 5.5 Water treatment - Market size and forecast 2020-2025
- Exhibit 22: Water treatment - Year-over-year growth 2020-2025 (%)
- Exhibit 23: Agriculture - Market size and forecast 2020-2025 ($ million)
- 5.6 Agriculture - Market size and forecast 2020-2025
- Exhibit 24: Agriculture - Year-over-year growth 2020-2025 (%)
- Exhibit 25: Others - Market size and forecast 2020-2025 ($ million)
- 5.7 Others - Market size and forecast 2020-2025
- Exhibit 26: Others - Year-over-year growth 2020-2025 (%)
- Exhibit 27: Market opportunity by Application
- 5.8 Market opportunity by Application
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 30: Geographic comparison
- 7.2 Geographic comparison
- Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
- 7.3 APAC - Market size and forecast 2020-2025
- Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
- Exhibit 33: MEA - Market size and forecast 2020-2025 ($ million)
- 7.4 MEA - Market size and forecast 2020-2025
- Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
- Exhibit 35: Europe - Market size and forecast 2020-2025 ($ million)
- 7.5 Europe - Market size and forecast 2020-2025
- Exhibit 36: Europe - Year-over-year growth 2020-2025 (%)
- Exhibit 37: North America - Market size and forecast 2020-2025 ($ million)
- 7.6 North America - Market size and forecast 2020-2025
- Exhibit 38: North America - Year-over-year growth 2020-2025 (%)
- Exhibit 39: South America - Market size and forecast 2020-2025 ($ million)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 40: South America - Year-over-year growth 2020-2025 (%)
- Exhibit 41: Key leading countries
- 7.8 Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 42: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 43: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Overview
- Exhibit 45: Landscape disruption
- 9.2 Landscape disruption
- Exhibit 46: Industry risks
10 Vendor Analysis
- 10.2 Market positioning of vendors
- Exhibit 48: Market positioning of vendors
- Exhibit 49: Albemarle Corp. - Overview
- Exhibit 50: Albemarle Corp. - Business segments
- Exhibit 51: Albemarle Corp.- Key news
- 10.3 Albemarle Corp.
- Exhibit 52: Albemarle Corp. - Key offerings
- Exhibit 53: Albemarle Corp. - Segment focus
- Exhibit 54: BEACON ORGANOSYS - Overview
- Exhibit 55: BEACON ORGANOSYS - Product and service
- Exhibit 56: BEACON ORGANOSYS - Key offerings
- 10.4 BEACON ORGANOSYS
- Exhibit 57: Gulf Resources Inc. - Overview
- Exhibit 58: Gulf Resources Inc. - Business segments
- 10.5 Gulf Resources Inc.
- Exhibit 59: Gulf Resources Inc. - Key offerings
- Exhibit 60: Gulf Resources Inc. - Segment focus
- Exhibit 61: Honeywell International Inc. - Overview
- Exhibit 62: Honeywell International Inc. - Business segments
- 10.6 Honeywell International Inc.
- 10.7 Israel Chemicals Ltd.
- Exhibit 67: Israel Chemicals Ltd.-Key news
- Exhibit 68: Israel Chemicals Ltd. - Key offerings
- Exhibit 69: Israel Chemicals Ltd. - Segment focus
- Exhibit 70: LANXESS AG - Overview
- Exhibit 71: LANXESS AG - Business segments
- 10.8 LANXESS AG
- Exhibit 72: LANXESS AG - Key offerings
- Exhibit 73: LANXESS AG - Segment focus
- Exhibit 74: Pacific Organics Pvt. Ltd. - Overview
- Exhibit 75: Pacific Organics Pvt. Ltd. - Product and service
- Exhibit 76: Pacific Organics Pvt. Ltd. - Key offerings
- 10.9 Pacific Organics Pvt. Ltd.
- Exhibit 77: Perekop bromine - Overview
- Exhibit 78: Perekop bromine - Product and service
- Exhibit 79: Perekop bromine - Key offerings
- 10.10 Perekop bromine
- Exhibit 80: TETRA Technologies Inc. - Overview
- Exhibit 81: TETRA Technologies Inc. - Business segments
- 10.11 TETRA Technologies Inc.
- Exhibit 82: TETRA Technologies Inc.-Key news
- Exhibit 83: TETRA Technologies Inc. - Key offerings
- Exhibit 84: TETRA Technologies Inc. - Segment focus
- Exhibit 85: Tosoh Corp. - Overview
- Exhibit 86: Tosoh Corp. - Business segments
- 10.12 Tosoh Corp.
- Exhibit 87: Tosoh Corp. - Key offerings
- Exhibit 88: Tosoh Corp. - Segment focus
11 Appendix
- 11.1 Scope of the report
- Exhibit 89: Currency conversion rates for US$
- 11.2 Currency conversion rates for US$
- Exhibit 90: Research Methodology
- 11.3 Research methodology
- Exhibit 91: Validation techniques employed for market sizing
- Exhibit 92: Information sources
- Exhibit 93: List of abbreviations
- 11.4 List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
Share this article