Global Bromine Derivatives Market Overview: Forecasted Market Size And Growth Rate | Albemarle Corporation, Israel Chemicals Limited, Lanxess Corporation, Hindustan Salts Limited, Honeywell International Inc

The Bromine Derivatives Global Market Report 2023, provides comprehensive information on the bromine derivatives market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global bromine derivatives market size is expected to grow from $4.63 billion in 2022 to $4.89 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bromine derivatives market size is expected to reach $5.99 billion in 2027 at a CAGR of 5.2%.

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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 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

Asia-Pacific was the largest region in the bromine derivatives market in 2022.

The table of contents in TBRC’s bromine derivatives market report includes:

1. Executive Summary
2. Bromine Derivatives Market Characteristics
3. Bromine Derivatives Market Trends And Strategies
4. Bromine Derivatives Market – Macro Economic Scenario
5. Bromine Derivatives Market Size And Growth

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27. Bromine Derivatives Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bromine Derivatives Market
29. Bromine Derivatives Market Future Outlook and Potential Analysis
30. Appendix

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