United States Bromine Market to Reach 344 Thousand Metric Tons by 2017, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a US report on Bromine market. The US market for Bromine is poised to reach consumption volume of 344 thousand metric tons by 2017. Burgeoning end-use applications of Bromine in Flame Retardants and Drilling Fluids are main factors propelling growth in the industry. New EPA regulations stipulates gradual phase out of harmful Deca-BDE flame retardant by the year 2012-13-end.

Bromine: A US Market Report

Follow us on LinkedIn – Bromine and bromine compounds are used in different areas such as automobiles, agriculture, healthcare, photography, pesticides, biocides, anti-inflammation, water purification, and medicines among others. Bromine makes a good sanitizing agent and a superior bleaching agent. The US roughly accounts for about 33% of the world bromine production and continues its dominance as a major producer. Arkansas and Michigan are the two sources for bromine production in the United States. However, over the years, the US leadership position has diminished as other global countries such as China, Israel, Japan and Jordan among others fortify their individual positions as leading producers of elemental bromine. Flame Retardants is the single biggest end-user of bromine, although its use is gradually registering a slowdown over the years, primarily on account of environmental and health-related concerns. Bromine chemical producers in the US in an agreement with the US EPA (environmental protection agency) have decided to voluntarily regulate and slowly phase-out production of the production, imports and consumption of decabromodiphenyl ether (Deca-BDE), a widely used flame retardant type by 2012-end. The phase-out relates to all consumer products by December 2012 and all other products by 2013-end.

The US bromine market witnessed a marginal drop in demand during 2008 and 2009 impacted by global economic recession. Lowered demand for the mineral in various end-use segments including flame retardants and drilling fluids among others resulted in reduced market revenues. The US exports as well as imports declined during the year 2009. Poor demand because of turmoil in the economy resulted in the outcome. However, with the effects of recession fading, the market exhibited signs of recovery in 2010 and is poised to grow further in the coming years driven by increased consumption.

Worldwide, China is slowly gaining ground as an important producer of bromine, despite the fact that environmental regulations for protection of farmlands have led to decrease in production capacity and plant closures, resulting in overall tight supply conditions in the country. In the year 2011, China at 155,000 tons ranked as the world’s third largest producer of bromine after the United States and Israel. Jordan and Japan are the other major producers of Bromine in the world. It is estimated that bromine demand will soon outpace actual supply/output in China.

With the virtual ban of methyl bromide, there is a growing disconcert for a replacement fumigant that can be as effective as the former. While some are turning towards compost as a substitute, some are still engaged in research to find potential alternatives. Though compost showed a saving of over $200 per acre with no compromise on yield or quality, the search for alternatives is still on. The Environment Protection Agency (EPA) is mulling on Telone, a carcinogen that falls under category I toxic chemical, manufactured by Dow Elanco. The biodegradable product developed from natural chemicals also adheres to the standards of the Clean Air Act, the Food Quality Protection Act of 1996, and the EPA Office of Children Safety Protection.

Key players profiled in the report include Albemarle Corporation, Arab Potash Company, Chemtura Corporation, Chemada Fine Chemicals Company Ltd., Hindustan Salts Limited, Israel Chemicals Limited, Dead Sea Bromine Company Ltd., Solaris ChemTech Ltd., Tata Chemicals Ltd., The Dow Chemical Company, Tosoh Corporation, among others.

The research report titled “Bromine: A US Market Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the US and select regional bromine markets, current market trends, competitive scenario, product overview, recent industry activity, and profiles of major/niche global as well as regional market participants. The report provides annual consumption estimates and projections for bromine market for the years 2009 through 2017 for the US market. Key end-use segments analyzed include Flame Retardants, Brominated Pesticides, Drilling Fluids, Water Treatment Chemicals and Others. The study also provides historic data for an insight into market evolution over the period 2003 through 2008.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Bromine_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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