Bromine Derivatives Market 2020 | Demand, Opportunities ,Size & Forecast To 2026

Market Outlook for Bromine Derivatives, 2019–2027

During the period from 2019 to 2027, the bromine derivatives market is expected to grow at a CAGR of 4.7 percent, from $825 million in 2020 to $1200 million in 2027.

The growth pace of businesses such as construction and building, as well as automotive, has drastically slowed as a result of the lockdown. Furthermore, oil and gas trading, as well as import and export trading, have been halted in COVID-19-affected areas, which is projected to stifle the expansion of bromine derivatives.

Bromine is a non-metallic element that exists at room temperature as a fuming red-brown liquid with properties similar to iodine and chlorine, as well as a choking and unpleasant odour. Bromine derivatives include sodium bromide (NaBr), zinc bromide (ZnBr2), calcium bromide (CaBr), and a variety of other compounds derived from bromine.

Bromine derivatives are widely employed in a variety of industries, including oil and gas drilling, pharmaceuticals, construction, and many more. Bromine derivatives are primarily utilised in the regulation of halogenated flame retardants and mercury emissions. Furthermore, bromine derivatives play an important part in the production of rechargeable batteries in the electronics industry. Bromine derivatives are also employed in the rubber and plastic industries, as well as in oil wells.

The global bromine derivatives market is divided into four categories: derivative, application, end use, and geography. Brominated Polystyrene, Tetrabromobisphenol A, Calcium Bromide, Sodium Bromide, Zinc Bromide, Hydrobromic Acid, Decabromodiphenyl Ethane (DBDPE), and other derivatives make up the market. Flame retardants, organic intermediates, oil & gas drilling, biocides, PTA synthesis, and other applications are classified. It is divided into chemical, construction, oil & gas, pharmaceuticals, electronics, and other categories based on end-use.

The global bromine derivatives market report includes detailed information on the top players in the industry. Albemarle Corporation, Gulf Resources Inc, Hindustan Salts Limited, Honeywell International Inc, Israel Chemicals Limited, LANXESS Corporation, Perekop Bromine, Tata Chemicals Limited, TETRA Technologies, Inc., and Tosoh Corporation are among the important players profiled in the report.