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Bromine is a naturally occurring element, found in sea, lakes, and underground well. It is the third largest halogen bearing element with atomic number 35. Bromine is widely used as a reactant and catalyst for manufacturing a variety of products, such as agrochemicals, biocides, water disinfectants, pharmaceuticals intermediates, dyes, completion fluids, flame retardants, and photographic chemicals. Dead-Sea is the richest resource of bromine with concentration of 10-12 gram per liter.
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Bromine Market Size, Share, Investment Opportunities, Top Regions, Growth & Forecast by 2027 The Global Bromine Market is projected to reach a value of over USD 4.4 billion by 2027 at a CAGR of around 4.7%. Bromine is a naturally occurring element, found in sea, lakes, and underground well. It is the third largest halogen bearing element with atomic number 35. Bromine is widely used as a reactant and catalyst for manufacturing a variety of products, such as agrochemicals, biocides, water disinfectants, pharmaceuticals intermediates, dyes, completion fluids, flame retardants, and photographic chemicals. Dead-Sea is the richest resource of bromine with concentration of 10-12 gram per liter. Get Sample Copy of This Report @ https://www.forencisresearch.com/bromine-market-sample- pdf/ Bromine Market: Drivers & Challenges Market Driver: Increasing Demand for Flame Retardants Brominated flame retardants comprise nearly 70 chemical substances with properties that make them ideal for washing machines, computers, radio and televisions. Rapid infrastructural development across the globe is expected to result in the number of construction activities. The use of flame retardants in the construction industry is essential to meet fire safety standards and codes. Moreover, many buildings are now equipped with foam insulation to make buildings more energy-efficient. This becomes vital as energy use in buildings accounts for more than 40% of CO2 emissions. These foams are also highly flammable which makes it important that insulation foams have sufficient flame retardancy. Thus, the bromine used in these foams as a flame retardant helps to slow down the combustion in case of fire accidents. EU countries are focused on the implementation of stringent fire safety regulations in the automotive, electronics, consumer goods, and textile industries. Thus, the increasing demand for flame retardants has expected to boost the global bromine market during forecasted period.
Market Challenges: Toxicological effects of brominated compounds Brominated substance, such as flame retardant chemicals can find their way into the environment during manufacturing and can leak from products. These retardant chemicals are also released into the environment through e-waste or the uncontrolled burning and dismantling of electronic and electric waste. If exposed or inhaled, these may cause harmful effects in humans and animals such as the endocrine and thyroid disruption, reproductive toxicity, cancer, neurologic dysfunction, and adverse effects on fetal and child development. Thus, hazardous health effects by inhalation and exposure of flame-retardant chemical is likely to hamper the market growth. Bromine Market: Key Segments Segmentation based on derivatives: Organobromines, Clear Brine Fluid, Hydrogen Bromides, and Others. Segmentation based on application: Flame Retardants, Mercury Emission Control, Oil & Gas Drilling, BHR Flow Batteries, Water Treatment, Pesticides, and Others Segmentation based on region covers: North America, Asia-Pacific, Europe, Middle East & Africa and South America, with individual country-level analysis. Bromine Market: Report Scope The report on the bromine market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation. Request Report Methodology On Competition On Global Bromine Market Here @ https://www.forencisresearch.com/bromine-market-request-methodology/ List of the leading companies operating in the Bromine Market include:
Israel Chemicals Ltd (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis) ALbemarle Corporation Lanxess Corporation Tosoh Corporation Tetra Technologies, Inc. Gulf Resources Inc. Tata Chemicals Limited Hindustan Salts Limited Honeywell International Inc. Perekop Bromine Gojo Industries, Inc. To Understand How COVID-19 Impact is Covered in This Report. Consult with an Analyst @ https://www.forencisresearch.com/bromine-market-consult-with-an-analyst/ Bromine Market: Report Segmentation For the scope of the report, In-depth segmentation is offered by Forencis Research Bromine Market, by Derivatives Organobromines Clear Brine Fluid Hydrogen Bromides Others Bromine Market, by Application Flame Retardants Mercury Emission Control Oil & Gas Drilling BHR Flow Batteries Water Treatment
Pesticides Others Bromine Market by Region Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific) North America (US, Canada, Mexico) Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe) Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa) South America (Brazil, Argentina, Rest of South America) Purchase this Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/bromine-market-purchase-now/ About Forencis Research Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”. Contact Us FORENCIS RESEARCH Phone: +1 (720) 306 9020 Email:info@forencisresearch.com For more market research insights, please visit https://www.forencisresearch.com