Bromine Market is Projected to Grow from USD 3.3 Billion in 2019 to USD 4.4 Billion by 2024, at a CAGR of 5.8% - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 20, 2019--
The “Bromine Market by Derivative (Organobromine, Clear Brine Fluids, Hydrogen Bromide), Application (Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTa Synthesis), & Geography - Global Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
The increasing demand for bromine in flame retardants, mercury emission control, water treatment, and oil & gas drilling is expected to drive the bromine market.
In line with the rising demand for bromine, in September 2019, Israel Chemicals Ltd. announced that it plans to expand its bromine compounds capacity to approximately 25,000 metric tons annually. The company will invest approximately USD 50 million for this expansion and is expecting a return of USD 110 million. This expansion comes amidst the company’s strategic agreements signed with many customers from Asia.
LANXESS Corporation, in July 2019, announced the completion of its plant expansion of Emerald Innovation 3000. The debottlenecking project increases the sustainable output from 10,000 to 14,000 MT per year. Emerald Innovation 3000 is now being used as a flame retardant for expanded (EPS) and extruded (XPS) polystyrene instead of hexabromocyclododecane (HBCD), which has been banned. This product is manufactured via the bromination of an alternating polystyrene butadiene copolymer.
LANXESS Corporation, in December 2018, announced its plan to invest EUR 200 million over the next three years, i.e., till 2021, to strengthen its global asset base for flame retardant additives. The company has significantly expanded its market position for flame retardant additives after integrating the former Chemtura businesses with brominated flame-retardant additives, bromine, and bromine derivatives. Due to their high effectiveness as flame retardants, these substances are used in the construction industry. They also complement the already existing LANXESS business of phosphorus-based flame-retardant additives.
Key Topics Covered:
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.5 Package Size
2 Research Methodology
2.1 Market Definition and Scope
2.3 Forecast Number Calculation
2.4 Market Engineering Process
2.5 Research Data
2.6 Research Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in Bromine Market
4.2 Bromine Market, By Derivative
4.3 Bromine Market in Asia Pacific, By Application and Country
4.4 Bromine Market: Major Countries
5 Market Overview
5.2 Market Dynamics
5.3 Porter’s Five Forces Analysis
5.3.1 Bargaining Power of Suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Rivalry
5.4 Macroeconomic Overview and Trends
5.4.2 Trends and Forecast of GDP
5.4.3 Trends of Oil & Natural Gas Prices
6 Bromine Market, By Derivative
6.3 Clear Brine Fluids
6.4 Hydrogen Bromide (HBR)
7 Bromine Market, By Application
7.2 Flame Retardants
7.3 Water Treatment
7.4 Mercury Emission Control
7.5 Oil & Gas Drilling
7.6 HBR Flow Batteries
7.7 Pta Synthesis
7.9 Plasma Etching
8 Bromine Market, By Region
8.2 Asia Pacific
8.2.4 South Korea
8.2.6 Rest of Asia Pacific
8.3 North America
8.4 Western Europe
8.4.4 Rest of Western Europe
8.5 Central & Eastern Europe
8.5.3 Rest of Central & Eastern Europe
8.6 Middle East & Africa
8.7 South America
8.7.3 Rest of South America
9 Competitive Landscape
9.2 Competitive Leadership Mapping
9.2.1 Dynamic Differentiators
9.2.2 Visionary Leaders
9.2.4 Emerging Companies
9.3 Competitive Benchmarking
9.3.1 Strength of Product Portfolio (25 Players)
9.3.2 Business Strategy Excellence (25 Players)
9.4 Market Ranking of Key Players
9.4.1 LANXESS Corporation (US)
9.4.2 Israel Chemicals Limited (Israel)
9.4.3 Albemarle Corporation (US)
9.4.4 Tosoh Corporation (Japan)
9.4.5 Tata Chemicals Limited (India)
9.4.6 TETRA Technologies Inc. (China)
10 Company Profiles
10.1 Israel Chemicals Ltd.
10.2 Albemarle Corporation
10.3 LANXESS Corporation
10.4 Tosoh Corporation
10.5 TETRA Technologies, Inc.
10.6 Gulf Resources Inc.
10.7 Tata Chemicals Limited
10.8 Hindustan Salts Limited
10.9 Honeywell International Inc.
10.10 Perekop Bromine
10.11 Additional Company Profiles
10.11.1 Sanofi Sa
10.11.2 Aquachina Chemicals
10.11.3 Morre-Tec Industries Inc.
10.11.4 Solaris Chemtech
10.11.5 Agrocel Industries Limited
10.11.6 Shandong Yuyuan Group Co., Ltd.
10.11.7 Shandong Haiwang Chemical Co., Ltd.
10.11.8 Shandong Haihua Group Co., Ltd.
10.11.9 Shandong Ocean Chemical Co., Ltd.
10.11.10 Shandong Weifang Longwei Industrial Co., Ltd.
10.11.11 Shandong Runke Chemical Engineering Co., Ltd.
10.11.12 Dhruv Chem Industries
10.11.13 Shandong Lubei Chemical Co., Ltd.
10.11.14 Shandong Dadi Salt Chemical Group Co., Ltd.
10.11.15 Shandong Haoyuan Group
For more information about this report visit https://www.researchandmarkets.com/r/qdu0re
View source version on businesswire.com:https://www.businesswire.com/news/home/20191120005390/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING
SOURCE: Research and Markets
Copyright Business Wire 2019.
PUB: 11/20/2019 05:43 AM/DISC: 11/20/2019 05:43 AM