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Pulished Date February, 2020
ID: 8390
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Bromine Market by Derivative (Organobromines, Clear Brine Fluids, Hydrogen Bromide), Application (Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTA Synthesis), and Region - Global Forecast (2020-2025)

Pulished: February, 2020
ID: 8390
Pages: 170

Bromine Market Overview

The size of the global bromine market is predicted to progress from USD 3.5 billion in 2020 to USD 4.3 billion by 2025, with a compound annual growth rate of 5.2% from 2020 to 2025. Industry expansion is driven by the cultivation call of Bromine in flame retardants, mercury emission control, water treatment, and oil and gas drilling. Bromine is an element that exists as a red liquid at room temperature. It is the third largest halogen-bearing element with an atomic number 35. Bromine is a broadly employed catalyst for the production of a range of goods. The Dead Sea is considered the main source of bromine, while the United States and Israel are the main producers in the world

Market Trends:

Among the various derivatives segments in the bromine industry, organobromides are predicted to be the main segment of the industry and to show a considerable CAGR during the foreseen years. In addition, stringent fire safety regulations around the world are predicted to further fuel expansion in the segment. Furthermore, the rising call for organobromides as biocides, especially in agrarian nations, is another engine for expansion in the segment.

Recent Developments and Trends

  • BSEF introduces the India Bromine platform. Since 2018, BSEF, the International Bromo Council, has been working to promote bromine and its uses in India through the participation of key stakeholders.
  • Tosoh will increase its bromine production capacity in Japan. By expanding its bromine production capacity, the company intends to strengthen its activity.

Bromine Market Drivers

Globally, multi-million dollar properties are lost each year due to fire related accidents. Insurance companies have to use a significant part of their income to settle claims on assets, infrastructure and human lives lost in fire accidents. This makes anti-inflammatory agents or flame retardants crucial chemicals, as they minimize the risk of fire for almost all manufactured products. They release carbon dioxide or free radicals that combine with oxygen molecules, stopping the oxidation process.

Restraints:

Brominated compounds, such as flame retardants, have been consistently added to consumer products such as electronics, plastics, and more for several decades, as part of a successful effort to reduce related injuries, fire and property damage. Recently, concerns about this class of chemicals have escalated due to the harmful and toxicological effect it has on health and the environment. The widespread production and use of brominated flame retardants (BFRs) lead to further pollution of the environment. These compounds also have a detrimental effect on animals and wildlife. However, current toxicological databases do not allow an understanding of the risk. Many of the existing studies involve commercial mixtures, but do not represent human exposure. The future course of these studies should focus on congeners, and potentially their metabolites or breakdown products, to understand the risk associated with commercially available bromine derivatives.

Opportunities:

Hydrogen bromide flow batteries are included in the category of high-power density membraneless flow batteries. EnStorage Inc. (Israel), a developer of large-scale electricity storage solutions, produced 50.0 KW hydrogen-bromine flux (HBr) grid-connected batteries, which were connected to the company's test site in the south from Israel to deliver up to 100.0 kWh of energy. The network became operational in March 2018. EnStorage Inc. flow batteries use HBr and H2 as storage chemicals. Hydrogen and bromine flux batteries are a reliable source of durable energy for large-scale industrial units. They are currently employed as reliable energy storage solutions in various industrial units worldwide.

Challenges:

In the oil and gas industry, clear brine fluids (CBFs) are widely employed in the completion and reconditioning of well drilling activities. CBF's activities are highly dependent on oil and gas prices. The number of platforms in the Gulf of Mexico is a useful indicator of future call for CBF products. The number of rigs in the Gulf of Mexico fell in 2019 due to low oil and natural gas prices and remained low in early 2020. As a result, call for CBF products in the terrestrial and international industries was have been affected by low prices. There has been a significant drop in natural gas and oil prices since the beginning of 2019.

Bromine Market Segmentation:

By application:

  • Flame Retardants
  • Oil & Gas Drilling
  • PTA Synthesis
  • Water Treatment & Biocides
  • Mercury Emission Control
  • Pesticides
  • HBr Flow Batteries
  • Plasma Etching
  • Pharmaceutical
  • Others

Depending on the application, the flame retardant segment accounted for the majority of the bromine industry in 2020. Strict Fire safety standards implemented by regulators increase the consumption of flame retardants in various end-use industries.

By derivative:

  • Organobromine
  • Clear Brine Fluids
  • Hydrogen Bromide

On the basis of derivatives, the organobromine sector has led the industry in 2019, as it is broadly employed in the making of brominated flame retardants.

Bromine Regional Analysis:
The Bromine Report includes the segmentation of Regions with their respective Nations.

  • North America Bromine Industry includes U.S, Canada.
  • Europe Bromine Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.
  • Asia Pacific Bromine Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.
  • Latin America Bromine Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.
  • Middle East & Africa Bromine Industry includes KSA, UAE, Israel, rest of GCC nations, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

By region, Asia Pacific is predicted to be the largest bromine industry in 2020. Bromine call in this region is primarily due to its escalating use in China, Japan and India. The escalating development of infrastructure and escalating disposable incomes of the middle-class population in Asia Pacific has fueled call for flame retardants, which are widely employed in insulation and in the manufacture of plastic and electronic components. China is predicted to be the dominant and fastest rising industry for bromine in the Asia-Pacific region, mainly due to the escalating call for brominated flame retardants in the country.

The European region is predicted to show moderate expansion and is mainly driven by a well-developed automotive and cosmetic industry. In addition, escalating oil and gas drilling activities, primarily in Russia, are predicted to accelerate industry expansion. In addition, escalated construction and call for consumer electronics are predicted to increase call for bromine in developing nations in Latin America and the Middle East and Africa.
Competitive Landscape:

Tosoh Corporation is one of the leading bromine manufacturers in Asia. The company sells its bromine in its domestic industry in Japan, as well as in other parts of Asia. Despite a steady supply of bromine worldwide, nations like China experience a deficit that creates a deficit in supply and call. With this in mind, Tosoh plans to expand its production capacity to offer a range of brominated products such as fungicides, agrochemicals and flame retardants.
Key Players:

Israel Chemicals Limited (Israel), Albemarle Corporation (US), LANXESS Corporation (Germany), Tosoh Corporation (Japan), Tata Chemicals Limited (India), Gulf Resources Inc. (China), and TETRA Technologies, Inc. (US), are some of the dominating players working in the bromine industry.

 

1. Introduction                                

               1.1 Market Definition                    

               1.2 Study Deliverables                  

               1.3 Base Currency, Base Year and Forecast Periods                          

               1.4 General Study Assumptions                 

2. Research Methodology                                          

               2.1 Introduction                             

               2.2 Research Phases                      

                              2.2.1 Secondary Research           

                              2.2.2 Primary Research 

                              2.2.3 Econometric Modelling      

                              2.2.4 Expert Validation  

               2.3 Analysis Design                        

               2.4 Study Timeline                         

3. Overview                                     

               3.1 Executive Summary                

               3.2 Key Inferences                         

               3.3 Epidemology                            

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

               4.1 Market Drivers                         

               4.2 Market Restraints                   

               4.3 Key Challenges                         

               4.4 Current Opportunities in the Market               

5. Market Segmentation                                            

               5.1 Derivative                   

                              5.1.1 Introduction           

                              5.1.2 Organobromines   

                              5.1.3 Clear Brine Fluids  

                              5.1.4 Hydrogen Bromide              

                              5.1.5  Y-o-Y Growth Analysis, By Derivative          

                              5.1.6  Market Attractiveness Analysis, By Derivative         

                              5.1.7  Market Share Analysis, By Derivative          

               5.2 Application                 

                              5.2.1 Introduction           

                              5.2.2 Flame Retardants 

                              5.2.3 Water Treatment  

                              5.2.4 HBr Flow Batteries              

                              5.2.5 Mercury Emission Control 

                              5.2.6 PTA Synthesis         

                              5.2.7 Y-o-Y Growth Analysis, By Application         

                              5.2.8  Market Attractiveness Analysis, By Application      

                              5.2.9  Market Share Analysis, By Application       

6. Geographical Analysis                                            

               6.1 Introduction                             

                              6.1.1 Regional Trends    

                              6.1.2 Impact Analysis     

                              6.1.3 Y-o-Y Growth Analysis        

                                             6.1.3.1 By Geographical Area

                                             6.1.3.2 By Derivative

                                             6.1.3.3 By Application

                              6.1.4  Market Attractiveness Analysis      

                                             6.1.4.1 By Geographical Area

                                             6.1.4.2 By Derivative

                                             6.1.4.3 By Application

                              6.1.5  Market Share Analysis       

                                             6.1.5.1 By Geographical Area

                                             6.1.5.2 By Derivative

                                             6.1.5.3 By Application

               6.2 North America                         

                              6.1.1 Introduction           

                              6.1.2 United States         

                              6.1.3 Canada     

               6.3 Europe                        

                              6.2.1 Introduction           

                              6.2.2 U.K            

                              6.2.3 Spain         

                              6.2.4 Germany  

                              6.2.5 Italy           

                              6.2.6 France      

               6.4 Asia-Pacific                

                              6.3.1 Introduction           

                              6.3.2 China        

                              6.3.3 India         

                              6.3.4 Japan        

                              6.3.5 Australia   

                              6.3.6 South Korea           

               6.5 Latin America                           

                              6.4.1 Introduction           

                              6.4.2 Brazil         

                              6.4.3 Argentina 

                              6.4.4 Mexico     

                              6.4.5 Rest of Latin America          

               6.6 Middle East & Africa              

                              6.5.1 Introduction           

                              6.5.2 Middle-East           

                              6.5.3 Africa        

7. Strategic Analysis                                      

               7.1 PESTLE analysis                        

                              7.1.1 Political    

                              7.1.2 Economic 

                              7.1.3 Social        

                              7.1.4 Technological        

                              7.1.5 Legal         

                              7.1.6 Environmental       

               7.2 Porter’s Five analysis                             

                              7.2.1 Bargaining Power of Suppliers         

                              7.2.2 Bargaining Power of Consumers     

                              7.2.3 Threat of New Entrants      

                              7.2.4 Threat of Substitute Products and Services

                              7.2.5 Competitive Rivalry within the Industry      

8. Market Leaders' Analysis                                       

               8.1 Israel Chemicals Limited (Israel)                        

                              8.1.1 Overview 

                              8.1.2 Product Analysis   

                              8.1.3 Financial analysis  

                              8.1.4 Recent Developments        

                              8.1.5 SWOT analysis       

                              8.1.6 Analyst View          

               8.2 Albemarle Corporation (US)                

               8.3 Chemtura Corporation (US)                 

               8.4 Tosoh Corporation (Japan)                  

               8.5 Tata Chemicals Ltd (India)                    

               8.6 Gulf Resources Inc. (China)                  

               8.7 TETRA Technologies, Inc. (US)                           

               8.8 Hindustan Salts Limited (India)                          

               8.9 Honeywell International Inc. (US)                     

               8.10 Perekop bromine (Republic of Crimea)                        

9. Competitive Landscape                                         

               9.1 Market share analysis                           

               9.2 Merger and Acquisition Analysis                       

               9.3 Agreements, collaborations and Joint Ventures                          

               9.4 New Product Launches                         

10. Market Outlook and Investment Opportunities                                         

Appendix                                          

               a) List of Tables                

               b) List of Figures                             

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by derivative , by application along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Bromine Market  By Region, From2020-2025 ( USD Billion )
  2. Global Bromine Market  By Derivative, From2020-2025 ( USD Billion )
  3. Global Organobromines Market By Region, From2020-2025 ( USD Billion )
  4. Global Clear Brine Fluids Market By Region, From2020-2025 ( USD Billion )
  5. Global Hydrogen Bromide Market By Region, From2020-2025 ( USD Billion )
  6. Global Bromine Market  By Application , From2020-2025 ( USD Billion )
  7. Global Flame Retardants Market By Region, From2020-2025 ( USD Billion )
  8. Global Water Treatment Market By Region, From2020-2025 ( USD Billion )
  9. Global HBr Flow Batteries Market By Region, From2020-2025 ( USD Billion )
  10. Global Mercury Emission Control Market By Region, From2020-2025 ( USD Billion )
  11. Global PTA Synthesis Market By Region, From2020-2025 ( USD Billion )

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