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Bromine Market is Projected to Reach to $6,414.22 million by 2018 - Report by MarketsandMarkets
  • USA - English


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MarketsandMarkets

Nov 20, 2014, 09:55 ET

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MarketsandMarkets
MarketsandMarkets

(PRWEB) November 20, 2014 -- The report, “Bromine & its derivatives market by Derivatives, Application, & Geography – Global trends & forecasts 2018”, defines and segments the global bromine & its derivatives market with analysis and forecasting of the market by revenue and volume.

Browse 107 market data tables and 44 figures spread through 226 pages and in-depth TOC on “Bromine Market".
http://www.marketsandmarkets.com/Market-Reports/bromine-market-42782196.html

Key Players in Bromine Market: Israel Chemicals Ltd (Israel), Albemarle Corporation (U.S.), Tosoh Corporation (Japan), Jordan Bromine Company (Jordan), Gulf Resources (China), Tata Chemicals (India), Hindustan Salts Limited (India).

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The global market value for bromine is expected to reach to $6,414.22 million by 2018. The global consumption for bromine is expected to grow with a CAGR of 2.69% in the next five years.

Bromine is produced by making chlorine react into an aqueous solution of bromide. Bromide salts are found in Dead Sea, Ocean waters, and Brine wells. Bromine & its derivatives are used as flame retardants in industries such as, construction, automotive, textile, electronics, and furnishing to protect commodities from fire hazards.

Request Sample of this Report: http://www.marketsandmarkets.com/requestsample.asp?id=42782196

The market for bromine & its derivatives is expected to increase in Asia-Pacific and ROW, due to the increased market for applications such as flame retardants, oil and gas drilling, biocides, pharmaceutical formulations, plasma etching, HBr flow battery, fumigants, and PTA synthesis.

Fire regulations are becoming much more stringent in the Asia-Pacific region, resulting in increased consumption of flame retardants in end-user industries. The demand for clear brine fluids is expected to increase in Asia-Pacific and North America. The demand for bromine & its derivatives in Asia-Pacific is growing with the increasing manufacturing industry especially automotive, electronics, and textile. The other factors influencing the demand for bromine in Asia-Pacific are increasing oil & gas production, exploration activities in the region, and increasing demand for biocides in water treatment and agricultural industry. In North America, the increasing demand for bromine & its derivatives can be attributed to increasing demand of clear brine fluids in the oil & gas industry of the region. The other important factor driving the demand for bromine & its derivatives in North America is the growing automotive industry of Mexico, as Mexico’s automotive industry is expected to grow by 7.00% in coming years.

Speak to Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=42782196

However, due to environmental and public health concerns, there are certain factors that are expected to retard market growth in the future. These are:

• Use of some bromine-based fumigants like methyl bromide is banned in major markets in North America and Europe. Methyl bromide is an ozone depleting substance. Ban on use of certain brominated flame retardants like Deca-BDE, HBCD, and TBBPA

• Phosphorus, nitrogen, and chlorinated flame retardants are more environment-friendly compared to brominated flame retardants; these are considered as suitable replacements for brominated flame retardants. This may lead to a decline in the market share of brominated flame retardants in coming years

Purchase a Copy of this Report: http://www.marketsandmarkets.com/Purchase/purchase_report1.asp?id=42782196

Israel Chemicals Ltd (Israel), Albemarle Corporation (U.S.), Tosoh Corporation (Japan), Jordan Bromine Company (Jordan), Gulf Resources (China), Tata Chemicals (India), Chemtura Corporation (U.S.), Tetra Technologies Inc. (U.S.), Morre-Tec Industries Inc.(U.S.), Sanofi S.A. (France), and Perekop Bromine (Ukraine) are the major manufacturers of bromine & its derivatives across the world.

Browse related reports

Flame Retardant Chemicals Market by Type, Application & Geography - Market Estimates up to 2017
http://www.marketsandmarkets.com/Market-Reports/flame-retardant-chemicals-market-686.html

Drilling Fluids (Drilling Mud) Market & Completion Fluids Market: by Types (Water-Based Systems, Oil-Based Systems, Synthetic-Based Systems, Other Based Systems), Application Areas (Onshore and Offshore) & Geography - Forecast to 2018
http://www.marketsandmarkets.com/Market-Reports/drilling-completion-fluids-market-1241.html

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
Mr. Rohan
North - Dominion Plaza,
17304 Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: sales(at)marketsandmarkets(dot)com
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical

Mr. Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]

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