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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

November 20, 2019 GMT

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 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Currency

1.5 Package Size

1.6 Limitations

1.7 Stakeholders

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

5.1 Introduction

5.2 Market Dynamics

5.2.1 Drivers

5.2.2 Restraints

5.2.3 Opportunities

5.2.4 Challenges

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

5.4.1 Introduction

5.4.2 Trends and Forecast of GDP

5.4.3 Trends of Oil & Natural Gas Prices

6 Bromine Market, By Derivative

6.1 Introduction

6.2 Organobromine

6.3 Clear Brine Fluids

6.4 Hydrogen Bromide (HBR)

7 Bromine Market, By Application

7.1 Introduction

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

7.8 Pesticides

7.9 Plasma Etching

7.1 Pharmaceuticals

7.11 Others

8 Bromine Market, By Region

8.1 Introduction

8.2 Asia Pacific

8.2.1 China

8.2.2 Japan

8.2.3 India

8.2.4 South Korea

8.2.5 Taiwan

8.2.6 Rest of Asia Pacific

8.3 North America

8.3.1 US

8.3.2 Canada

8.3.3 Mexico

8.4 Western Europe

8.4.1 Germany

8.4.2 France

8.4.3 UK

8.4.4 Rest of Western Europe

8.5 Central & Eastern Europe

8.5.1 Russia

8.5.2 Turkey

8.5.3 Rest of Central & Eastern Europe

8.6 Middle East & Africa

8.7 South America

8.7.1 Brazil

8.7.2 Argentina

8.7.3 Rest of South America

9 Competitive Landscape

9.1 Introduction

9.2 Competitive Leadership Mapping

9.2.1 Dynamic Differentiators

9.2.2 Visionary Leaders

9.2.3 Innovators

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

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KEYWORD:

INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING

SOURCE: Research and Markets

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PUB: 11/20/2019 05:43 AM/DISC: 11/20/2019 05:43 AM

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