Bromine Derivatives Market Expected To Advance At A (CAGR) of 5.1% during the forecast period 2024-2032

According to the report published by Zion Market Research, the global Bromine Derivatives Market was valued at USD 1035.48 Million in 2023 and is projected to hit USD 1620.19 Million by 2032, with a compound annual growth rate (CAGR) of 5.1% during the forecast period 2024-2032. Bromine is a red naturally occurring chemical element and fuming deadly liquid. It is obtained in brine and seawater, particularly the Dead Sea is the richest source of bromine. The bromine derivatives are used in oil & gas well drilling, chemical synthesis, mercury control, completion fluids, water purification, flame retardants, beef & poultry processing, and numerous other applications. In addition, they maintain drilling equipment, circulate and transfer solids by presenting lubrication, as in return augment productivity and efficiency of oil and gas wells.

Some of the key players in the global market are Tosoh Corporation, Albemarle Corporation, Honeywell International Inc., Jordan Bromine Company Ltd., Hindustan Salts Ltd., Israel Chemicals Limited, Morre-Tec Industries, Inc., Lanxess Corporation, Tetra Technologies Inc., Tata Chemicals Ltd., and others.

Rising Use Of Bromine Derivatives In Industrial Section To Boost The Global Bromine Derivatives Market

The augmenting use of bromine derivatives in plastic & rubber industries for the production of flame-retardant products and for the development of gas & oil production are major factors propelling the expansion of the global bromine derivatives market. Additionally, the mounting demand for bromine derivatives from various industries like electronics and automobiles is a key factor projected to boost the global bromine derivatives market. Besides, the augmented demand for bromine derivatives from water treatment industry, amplified use of bromine as well as its derivatives in coal segment for lowering mercury elements, and higher demand from the agriculture section for bromine derivatives to be used in the production of biocide are other main factors likely to boost the development of the global bromine derivatives market.

The global bromine derivatives market is bifurcated by derivatives, end-user, and regional analysis. Based on the derivatives, the market is divided into zinc bromide, calcium bromide, and sodium bromide. Based on the end-user, the market is divided into chemical industry, construction industry, oil & gas industry, electronics industry, and pharmaceutical industry.

The North America Region Expected To Witness Largest Market Share In The Global Bromine Derivatives Market

Based on geographical analysis, the global bromine derivatives market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The North America region is a major region and accounts for maximum market share with regard to revenue than that of markets in other regions. This can be owing to an increasing need for bromine derivatives across the automotive industry in this region. The European market accounts for the second-biggest revenue share contribution to the global market. The market in the Asia Pacific region is likely to register the fastest growth in relation to revenue, due to aspects like China being a chief market for bromine derivative products.

Browse the full “Bromine Derivatives Market Derivative Type (Zinc Bromide, Calcium Bromide, DBDPE, TBBPA, and Sodium Bromide) End-User (Oil and Gas, Pharmaceuticals, Construction, Electronics, and Chemicals, Others) Application (Biocides, Oil and Gas Drilling, PTA Synthesis, and Flame Retardants, Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2024-2032.” Report at https://www.zionmarketresearch.com/report/bromine-derivatives-market

The global bromine derivatives market is segmented as follows:

By derivatives:

• Zinc Bromide
• Sodium Bromide
• Calcium Bromide

By end-user:

• Chemical Industry
• Pharmaceutical Industry
• Oil & Gas Industry
• Construction Industry
• Electronics Industry

By region:

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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