9-Jan-2020: The global bromine
derivatives market size is projected to reach USD 5.11
billion by 2025, according to a new report by Grand View Research, Inc.,
exhibiting a CAGR of 4.3% during the forecast period. Increasing installations
of flame retardant electronics devices in the automotive sector are providing a
fillip to the market. Brazil, Mexico, U.S., China, Saudi Arabia, Russia, and
Norway have increased their oil & gas exploration activities. In such
activities, calcium bromide (CaBr) and Sodium Bromide (NaBr) are used as
drilling fluid for extraction of petroleum products. Therefore, the trend will
stoke the growth of the market.
Raw material
suppliers, product manufacturers, and end users are the part of value chain of
the bromine derivatives market. Major manufacturing players in the bromine
derivatives market include Albemarle Corporation, Lanxess, Chemtura
Corporation, Israel Chemicals Ltd., Gulf Resources, Perekop Bromine, Albemarle
Corporation, Sanofi S.A., and Tata Chemicals. To reduce time and costs involved
in supply of materials, manufacturing facilities of raw material manufacturers
are located in close proximity to bromine deposits.
Hydrobromic acid
and calcium bromide are two key derivatives of bromine. Hydrobromic acid is
used in the manufacturing of inorganic products such as zinc, sodium, and
potassium bromides. Diatomic molecule of hydrogen bromide is dissolved in
aqueous water to prepare the acid.
Calcium bromide is
produced by reaction of calcium oxide (CaO), calcium carbonate (CaCo3) with
hydrobromic acid. It is used in drilling fluids, photography, and oxidizer for
mercury emissions control. Apart from uses in flame retardants and oil &
gas, bromine derivative applications also include the use of fumigants in
perfumes, heavy brines, and other specialty chemicals.
In
depth research report on Bromine Derivatives Market
Further key findings from the report suggest:
·
The global bromine derivatives market volume was estimated at
898.1 kilotons in 2017. It is poised to rise at a CAGR of 3.3% from 2018 to
2025.
·
Tetrabromobisphenol A accounted for the largest market share
of more than one fourth of the overall revenue in 2017. It is mainly used as a
reactive component in polymer manufacturing
·
Major players have adapted technologies that help in having a
flexible production model so that they can benefit from existing
infrastructure. Several processes are being developed for the manufacture from
green chemical to reduce toxicity of end chemicals
·
Bromine derivatives are majorly available in the form of
solids and liquids. They are majorly used in manufacture of flame retardants
and drilling fluids
·
Some of the key participants are Albemarle, Lanxess, and
Israel Chemicals Ltd.
Grand View Research
has segmented the global bromine derivatives market on the basis of product,
application, and region.
Bromine Derivatives Product Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
Brominated Polystyrene
·
Tetrabromobisphenol A
·
Calcium Bromide
·
Sodium Bromide
·
Zinc Bromide
·
Hydrobromic Acid
·
Decabromodiphenyl Ethane (DBDPE)
·
Others
Bromine Derivatives Application Outlook (Volume, Kilotons;
Revenue, USD Million, 2014 - 2025)
·
Flame Retardants
·
Organic Intermediates
·
Oil & gas
·
Biocides
·
PTA Synthesis
·
Others
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About
Grand View Research
Grand View Research, Inc. is the
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
