The North American Bromine Market, is Projected to Reach $1,995.5 Million by 2019 From $1,193.5 Million in 2014, at a CAGR of 10.8%

Dec 08, 2015, 10:30 ET from MicroMarket Monitor

PUNE, India, December 8, 2015 /PRNewswire/ --

According to the new Market Research Report "North America Bromine Market by Application (Flame Retardants, Oil & Gas Drilling, Biocides, Medicinal, Hbr Flow Battery, Plasma Etching, PTA Synthesis),by Derivatives (Organobromines, Brine Fluids, and Hydrogen Bromide) & Country -Trends & Forecasts 2019", the North American bromine market is estimated to garner $1,995.5 million by 2018 at a CAGR of 10.8% from 2014 to 2019 due to huge investments in research & development.

Browse through the TOC of North America bromine market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.

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Bromine is a volatile and heavy liquid element at room temperature. It is brownish-red in color and dissolves in water. Bromine is extracted from seawater, salt lakes, and brine wells. There are three major derivatives of bromine-organobromines, clear brine fluid, and hydrogen bromide or hydro bromic acid. The market share of organobromines is the highest across the world and the flame retardants are the largest application of bromine. Bromine is usually obtained from sea water, through the treatment of seawater with chlorine and flushing through with air. In this treatment, bromide is oxidized to bromine by the chlorine gas. Dead Sea brine is the richest source of bromine, globally.

In the North American region, the bromine market has been well-established in the U.S., Canada, and Mexico, considering their consistent requirement over the years. In future, this market will observe growth from the housing, transport, and household equipment sectors. The bromine market in North America is the second largest market after Asia-Pacific.

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In 2013, the U.S. accounted for the maximum consumption in the region and has been driving the bromine market, as all the producers of chemicals and resins have adopted a low cost approach. The organobromines applications have potential in the region as opportunities in the fire retardants sector provide benefits in organobromines compounds, wherein bromines will continue to hold an edge due to their inhibitory effect on the ignition of combustible organic materials.

Key Players of the North America bromine market include:  

Albemarle (U.S), Israel Chemical Ltd. (Israel), Chemtura Corporation (U.S), Tetra Technologies (Texas), Jordan Bromine Company (Amman, Jordan), and so on.

The report covers the North America bromine market, which is segmented on the basis of application and geography. In the North American region, bromines are applied in brine fluids, hydrogen bromide or hydrobromic acid, and organobromines.

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