Global Bromine Market Estimated to Reach US$ 2,674.6 Mn by 2025

Transparency Market Research has published a new report titled “Bromine Market for Flame Retardants, Drilling Fluids, Biocides, Catalysts, Water Treatment, and Other Applications – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2017–2025. According to the report, the global bromine market was valued at US$ 1,740.4 Mn in 2016 and is estimated to reach US$ 2,674.6 Mn by 2025, expanding at a CAGR of 5.0% between 2017 and 2025.

In terms of market growth potential as well as revenue share, Asia Pacific led the bromine market in 2016 by comprising over 50% of the global revenue share. Following Asia Pacific, Latin America and MEA are anticipated to exhibit growth potential in terms of revenue.

In terms of volume, Asia Pacific and MEA is expected to observe a growth in its share during the forecast period, while there is expected to be a decline in the shares for the rest of the regions. Expansion in the bromine market in Asia Pacific is primarily ascribed to the bromine consumption in China, which contributes to more than half of the bromine demand in the region.

The consumption of bromine is low in Latin America and MEA. However, the demand for bromine in these regions is anticipated to rise in the coming few years. Majority of the demand in Latin America is fulfilled by imports from various countries, especially the U.S. In comparison, Latin America, which follows a similar trend to that of North America, held higher revenue share of the bromine market than MEA in 2016.

North America and Europe are considered as mature markets, wherein Eastern Europe is consuming more bromine than Western Europe. In the terms of consumption, France leads the bromine market in Western Europe, whereas Russia leads the market in Eastern Europe. The U.S. accounts for the major share of the bromine market in North America. It is also one of the top producer of bromine in the world.

Israel, China, the U.S., and Jordan are the major countries producing bromine. Bromine is also produced in comparatively smaller amounts in countries such as India, Ukraine, and Japan.

Browse the full report at:http://www.transparencymarketresearch.com/bromine-market.html

The bromine market is expected to grow at a CAGR of 5.0% in terms of revenue. Major application driving the bromine market is expected to be water treatment. The requirement for bromine in various applications in the region is diversified, with flame retardants generally dominating the demand. However, the market share of flame retardants is anticipated to decline over the coming years, which acts as a major restraint for the bromine market.

Major players in the bromine market include Israel Chemical Ltd. (ICL), Albemarle Corporation, Jordan Bromine Company Limited, and Gulf Resources Inc.

The global bromine market has been segmented as follows:

Bromine Market – Application Analysis

  • Flame Retardants

  • Drilling Fluids

  • Biocides

  • Catalysts

  • Water Treatment

  • Others

Bromine Market – Regional Analysis

  • North America

    • U.S.

    • Canada

  • Latin America

    • Brazil

    • Mexico

    • Rest of Latin America

  • Europe

    • Germany

    • France

    • U.K.

    • Russia

    • Italy

    • Rest of Europe

  • Asia Pacific

    • China

    • Japan

    • India

    • ASEAN

    • Rest of Asia Pacific

  • Middle East & Africa

    • GCC

    • South Africa

    • Rest of Middle East & Africa

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