Bromine Derivatives Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[175+ Pages Report] According to the report published by Facts Factors, the global bromine derivatives market size was worth around USD 4.14 billion in 2019 and is predicted to grow to around USD 5.59 billion by 2026 with a compound annual growth rate (CAGR) of roughly 4.4% between 2020 and 2026. The report analyzes the global bromine derivatives market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the bromine derivatives market.

The bromine derivatives market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire bromine derivatives market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.

Key Insights from Primary Research

• As per our primary respondents, the bromine derivatives market is set to grow annually at a rate of around 4.4%
• It was established through primary research that the bromine derivatives market was valued at around USD 4.14 billion in 2019
• North America held the largest market share of bromine derivatives in terms of revenue in 2019
• The “Tetrabromobisphenol A” category, on the basis of type segmentation, was the leading revenue-generating category in 2019
• The “Flame Retardants” category, on the basis of application segmentation, was the leading revenue-generating category in 2019

Key Recommendations from Analysts

• As per our analysts, the rise in the utilization of bromine in controlling mercury emissions and an upsurge in demand for halogenated flame retardants have spurred the growth of the market
• NaBr is chemically stable and is, thus, used with other solutions of bromides and chlorides
• Pharmaceutical is one of the promising applications of bromine derivatives owing to the increasing consumption of NaBr for making medicinal intermediates and as anti-epileptic drugs (AEDs) because of its anti-seizure properties
• Biocides are substances that kill microorganisms and are used to extend shelf life and maintain the quality of different products
• The Asia Pacific is expected to be the fastest-growing region in terms of value as well as volume during the forecast

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the bromine derivatives industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the bromine derivatives industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the bromine derivatives market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the bromine derivatives industry. The bromine derivatives market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the bromine derivatives sector. Key strategic developments in the bromine derivatives market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the bromine derivatives market are appropriately highlighted in the report.

Brominated polystyrene is manufactured by the catalysis of polystyrene with bromine. It is majorly used in the manufacturing of flame retardants. It has high thermal stability and is employed in high-temperature applications. Production of these chemicals is mainly restricted to developing countries, given the implementation of stricter regulations regarding bromine-based flame retardants in developed regions such as the U.S. and Europe. China and other Southeast Asian countries are the leading countries involved in the production of these chemicals.

The bromine derivatives market research report delivers an acute valuation and taxonomy of the bromine derivatives industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the bromine derivatives industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the bromine derivatives industry is provided for the leading economies of the world.

The bromine derivatives market is segmented based on type and application. On the basis of type segmentation, the market is classified into brominated polystyrene, tetrabromobisphenol a, calcium bromide, sodium bromide, zinc bromide, hydrobromic acid, decabromodiphenyl ethane, and others. In terms of application segmentation, the market is bifurcated into flame retardants, organic intermediates, oil & gas, biocides, pta synthesis, and others.

Some of the essential players operating in the bromine derivatives market, but not restricted to include:

• Tata Chemicals Ltd.
•  Honeywell International Inc.
•  Israel Chemicals Limited
•  Hindustan Salts Ltd.
•  Morre-Tec Industries  Inc.
•  JK Chemicals
•  ICC Industries
•  Agrocel Industries Ltd.
•  Sontara Organo Industries
•  Neogen Chemicals Limited
•  Albemarle Corporation
•  Lanxess Corporation
•  Tosoh Corporation
•  Tetra Technologies Inc.
•  Jordan Bromine Company Ltd.
•  Beacon Organosys
•  Parad Chem Corporation
•  Gulf Resources Inc.
•  Kingboard Chemical Holdings Limited
•  Nirma Limited

The taxonomy of the bromine derivatives industry by its scope and segmentation is as follows:

By Type Segmentation Analysis (Customizable)

• Brominated Polystyrene
• Tetrabromobisphenol A
• Calcium Bromide
• Sodium Bromide
• Zinc Bromide
• Hydrobromic Acid
• Decabromodiphenyl Ethane
• Others

By Application Segmentation Analysis (Customizable)

• Flame Retardants
• Organic Intermediates
• Oil & Gas
• Biocides
• PTA Synthesis
• Others

By Regional Segmentation Analysis (Customizable)

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • 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