According to the report the global bromine derivatives market reached a value of USD 4.56 billion in 2022. Aided by the increasing demand for flame-retardant materials and the growing applications of bromine derivatives in diverse industries, the market is projected to further grow at a CAGR of 5.04% between 2023 and 2028 to reach a value of USD 6.15 billion by 2028.
Bromine derivatives, such as hydrobromic acid, bromine resins, and organobromines, are widely used in various applications, including flame retardants, biocides, drilling fluids, and pharmaceutical intermediates. They play a crucial role in enhancing the safety, durability, and functionality of several materials and products. Apart from their primary properties, bromine derivatives also exhibit excellent reactive characteristics, making them a valuable ingredient in various industrial applications, including electronics, automotive, and construction.
The increasing demand for flame-retardant materials is driving the global bromine derivatives market growth. With the growing awareness of the safety benefits associated with flame-retardant materials, there has been a significant shift towards these products, leading to a surge in demand for bromine derivative-based materials. Additionally, the rising trend of urbanisation and infrastructure development has further contributed to the increasing popularity of bromine derivatives, as they are key ingredients in construction materials, including insulation foams and roofing materials.
The expanding applications of bromine derivatives in various industries also play a significant role in accelerating the bromine derivatives market development. In the pharmaceutical industry, bromine derivatives are used as intermediates in the production of various drugs. The water treatment sector utilises bromine derivatives as biocides due to their effectiveness against a wide range of microorganisms. Moreover, bromine derivatives' reactive properties make them an essential component in the manufacturing of printed circuit boards used in the electronics industry.
Furthermore, the growing demand for brominated polymers in the automotive industry has led to an increased focus on bromine derivatives. With the rise of electric vehicles and the increasing emphasis on lightweight and durable materials, bromine derivatives have emerged as critical components in the formulation of various automotive components, thereby fuelling the bromine derivatives market expansion.
Moreover, ongoing research and development activities aimed at expanding the scope of bromine derivatives in novel applications, such as energy storage and advanced pharmaceuticals, present additional growth opportunities for the bromine derivatives market.
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*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Bromine derivatives, such as hydrobromic acid, bromine resins, and organobromines, are widely used in various applications, including flame retardants, biocides, drilling fluids, and pharmaceutical intermediates. They play a crucial role in enhancing the safety, durability, and functionality of several materials and products. Apart from their primary properties, bromine derivatives also exhibit excellent reactive characteristics, making them a valuable ingredient in various industrial applications, including electronics, automotive, and construction.
The increasing demand for flame-retardant materials is driving the global bromine derivatives market growth. With the growing awareness of the safety benefits associated with flame-retardant materials, there has been a significant shift towards these products, leading to a surge in demand for bromine derivative-based materials. Additionally, the rising trend of urbanisation and infrastructure development has further contributed to the increasing popularity of bromine derivatives, as they are key ingredients in construction materials, including insulation foams and roofing materials.
The expanding applications of bromine derivatives in various industries also play a significant role in accelerating the bromine derivatives market development. In the pharmaceutical industry, bromine derivatives are used as intermediates in the production of various drugs. The water treatment sector utilises bromine derivatives as biocides due to their effectiveness against a wide range of microorganisms. Moreover, bromine derivatives' reactive properties make them an essential component in the manufacturing of printed circuit boards used in the electronics industry.
Furthermore, the growing demand for brominated polymers in the automotive industry has led to an increased focus on bromine derivatives. With the rise of electric vehicles and the increasing emphasis on lightweight and durable materials, bromine derivatives have emerged as critical components in the formulation of various automotive components, thereby fuelling the bromine derivatives market expansion.
Moreover, ongoing research and development activities aimed at expanding the scope of bromine derivatives in novel applications, such as energy storage and advanced pharmaceuticals, present additional growth opportunities for the bromine derivatives market.
Market Segmentation
The market can be divided based on derivatives, application, and region.Market Breakup by Derivatives
- Bromo Benzene
- Bromo Chloro Propane (BCP)
- n-Propyl Bromide (NBR)
- Inorganic Bromides
- Alkyl Bromides
- Others
Market Breakup by Application
- Pharmaceutical
- Chemical Synthesis
- Solvent
- Flame Retardants
- Water Treatment
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global bromine derivatives companies. Some of the major key players explored in the report are as follows:- Albemarle Corporation
- Dhruv Chem Industries.
- Gulf Resources, Inc.
- Jordan Bromine Company
- Pacific Organics Pvt Ltd.
- Mody Chemi-Pharma Limited
- Lanxess AG
- Krishna Solvechem Ltd.
- Others
About the Publisher
Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.
Don't miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation's future success by acquiring one of these reports today.
*The publisher always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Bromine Derivatives Market Analysis
8.1 Key Industry Highlights
8.2 Global Bromine Derivatives Historical Market (2018-2022)
8.3 Global Bromine Derivatives Market Forecast (2023-2028)
8.4 Global Bromine Derivatives Market by Derivatives
8.4.1 Bromo Benzene
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Bromo Chloro Propane (BCP)
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 n-Propyl Bromide (NBR)
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Inorganic Bromides
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Alkyl Bromides
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Bromine Derivatives Market by Application
8.5.1 Pharmaceutical
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Chemical Synthesis
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Solvent
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Flame Retardants
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Water Treatment
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Bromine Derivatives Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Bromine Derivatives Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Bromine Derivatives Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Bromine Derivatives Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Bromine Derivatives Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Bromine Derivatives Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirate
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Albemarle Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Dhruv Chem Industries.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Gulf Resources, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Jordan Bromine Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Pacific Organics Pvt Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Mody Chemi-Pharma Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Lanxess AG
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Krishna Solvechem Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
Companies Mentioned
- Albemarle Corporation
- Dhruv Chem Industries.
- Gulf Resources, Inc.
- Jordan Bromine Company
- Pacific Organics Pvt Ltd.
- Mody Chemi-Pharma Limited
- Lanxess AG
- Krishna Solvechem Ltd.
Methodology
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