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The bromine derivatives global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Bromine Derivatives Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The bromine derivatives market size has grown strongly in recent years. It will grow from $4.85 billion in 2023 to $5.12 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to shift towards halogenated chemical, demand in electronics and construction, agricultural and veterinary applications, chemical manufacturing, flame retardant demand..
The bromine derivatives market size is expected to see strong growth in the next few years. It will grow to $6.55 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%. The growth in the forecast period can be attributed to focus on environmentally friendly solutions, shift towards halogenated chemicals, agriculture and veterinary applications, oil & gas industry expansion, water treatment needs.. Major trends in the forecast period include growing demand in flame retardants, water treatment application, health and safety regulations, expansion in oil & gas drilling, pharmaceutical and chemical manufacturing..
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Scope Of Bromine Derivatives Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Bromine Derivatives Market Overview
Market Drivers –
The increasing construction industry worldwide is expected to propel the growth of the bromine derivatives market going forward. The construction industry refers to the industrial branch of manufacturing and trade that builds, repairs, renovates and maintains infrastructures. Bromine derivatives are utilized to construct complex infrastructure due to their compatibility with most non-metallic building materials, including fiberglass-reinforced plastic (vinyl ester or polyester FRP), polyvinyl, and other such related components. For instance, in December 2022, according to the Office for National Statistics, a UK-based government department, the construction output increased by 0.8% in volume in October 2022, marking the highest construction output of $16576.33 million (£15,248 million) compared to the previous fourth consecutive month. Therefore, the increasing construction industry worldwide is driving the bromine derivatives market.
Market Trends –
Product innovation is a key trend in the bromine derivatives market. Major companies operating in the bromine derivatives market are focused on developing innovative solutions to strengthen their position in the market. For instance, in September 2022, De Nora, an Italy-based company specializing in electrochemistry, launched MIOX Bromine Oxidant Solution System. This bromine production system enhances processes for treating water with high ammonia or pH concentrations, which is crucial for cooling tower applications. The chlorine-based solution generated by the on-site generator is changed into a bromine-containing solution by MIOX BOSS using an activator solution that contains bromide. Its primary use is for cooling towers, where owners frequently implement an alkaline treatment program to reduce cooling tower corrosion. MIOX generators create oxidizing solutions using three readily available consumables: water, salt, and electricity.
The bromine derivatives market covered in this report is segmented –
1) By Derivative: Sodium Bromide, Calcium Bromide, Zinc Bromide, TBBPA, DPDPE, Other Derivatives
2) By Application: Flame Retardants, Safety Apparel, Organic Intermediates, Oil and Gas Drilling, Biocides, PTA Synthesis, Other Applications
3) By End Use: Chemical, Construction, Oil and Gas, Pharmaceuticals, Electronics, Other End Users
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Regional Insights –
Asia-Pacific was the largest region in the bromine derivatives market in 2023 and is expected to be the fastest-growing region in the bromine derivatives market during the forecast period. The regions covered in the bromine derivatives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the bromine derivatives market report are Albemarle Corporation, Israel Chemicals Limited, Lanxess Corporation, Hindustan Salts Limited, Honeywell International Inc., Tata Chemicals Ltd., Tetra Technologies Inc., Jordan Bromine Company Ltd., Beacon Organosys Pvt. Ltd., Morre-Tec Industries Inc., Chemtura Corporation, Gulf Resources Inc., Neogen Chemical Limited, Perekop Bromine Factory, Dhruv Chem Industries, Haiwang Fine Chemical Co. Ltd., Sanofi S.A., ICL Industrial Products, Solaris Chemtech Industries Limited, Noah Technologies Corporation, American Elements Corporation, Chemada Fine Chemicals Co. Ltd., Evergrow International LLC, Jiangyin Chengxing Industrial Group Co. Ltd., Tosoh Corporation .
Table of Contents
1. Executive Summary
2. Bromine Derivatives Market Report Structure
3. Bromine Derivatives Market Trends And Strategies
4. Bromine Derivatives Market – Macro Economic Scenario
5. Bromine Derivatives Market Size And Growth
…..
27. Bromine Derivatives Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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