#bromine derivatives market size

[researchinsights]

The global bromine derivatives market is projected to reach USD 828.2 million in 2023, registering at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period 2024-2030. The growth of the market is majorly driven by the bromine derivatives as intermediates in chemical, pharmaceutical and agro industries.

[pearlsmith25]

Sustainable Solutions: Non-Halogenated Flame Retardant Market Trends

Introduction

The global Non-Halogenated Flame Retardant market has been experiencing significant growth in recent years, driven by increasing awareness of fire safety regulations, stringent environmental concerns, and a growing demand for safer alternatives to traditional halogenated flame retardants. Non-halogenated flame retardants are a class of chemicals that offer fire protection without the use of halogens, such as bromine and chlorine, which are known to have adverse environmental and health impacts. This article explores the key factors driving the growth of the Non-Halogenated Flame Retardant market, the types of non-halogenated flame retardants available, and the emerging trends in this industry.

Market Drivers

Stringent Fire Safety Regulations: Governments and regulatory bodies worldwide are implementing stricter fire safety standards, especially in construction, automotive, and electronics industries. Non-halogenated flame retardants market have gained prominence as they meet these regulations without the environmental drawbacks of halogenated counterparts.

Environmental Concerns: Halogenated flame retardants are known to release toxic gases when burned, contributing to air pollution and posing health risks. Non-halogenated alternatives offer a more sustainable and eco-friendly solution, making them increasingly preferred by manufacturers and consumers alike.

Increased Demand in Electronics: The rapid expansion of the electronics industry has led to a surge in demand for non-halogenated flame retardants. With the miniaturization of electronic devices, the need for fire-resistant materials that do not compromise on performance is crucial.

Growing Construction Sector: The construction industry, particularly in emerging economies, is witnessing substantial growth. Non-halogenated flame retardants are being incorporated into building materials, cables, and insulation to meet fire safety standards.

Types of Non-Halogenated Flame Retardants

Phosphorus-based Flame Retardants: These are some of the most commonly used non-halogenated flame retardants. They work by releasing phosphoric acid or phosphine oxides when exposed to high temperatures, suppressing the combustion process.

Nitrogen-based Flame Retardants: Nitrogen compounds, such as melamine and melamine derivatives, act as effective flame retardants. They release nitrogen gas when exposed to heat, diluting the oxygen concentration and hindering the combustion process.

Mineral-based Flame Retardants: Minerals like aluminum hydroxide and magnesium hydroxide act as flame retardants by releasing water vapor when heated, cooling down the surrounding area and reducing the likelihood of ignition.

Synergistic Blends: Many manufacturers are exploring synergistic blends of non-halogenated flame retardants to enhance their fire-resistant properties. These blends combine two or more types of flame retardants to achieve better results than using a single type.

Emerging Trends

Bio-based Flame Retardants: With a growing emphasis on sustainability, the development of bio-based flame retardants is gaining traction. These materials are derived from renewable resources and have a reduced environmental footprint.

Nanotechnology: Researchers are increasingly focusing on nanotechnology to create more efficient flame retardants. Nano-sized particles can be incorporated into materials at lower concentrations while maintaining high fire resistance.

Functional Coatings: Non-halogenated flame retardants are being used in the development of functional coatings for textiles, plastics, and metals. These coatings offer long-lasting fire protection and can be customized for specific applications.

Market Expansion in Asia-Pacific: The Asia-Pacific region is experiencing significant growth in the Non-Halogenated Flame Retardant market, driven by the booming construction and electronics sectors in countries like China and India.

Conclusion

The Non-Halogenated Flame Retardant market share is witnessing substantial growth due to increased awareness of fire safety, environmental concerns, and expanding industries. As regulations become stricter and the demand for eco-friendly fire protection solutions continues to rise, non-halogenated flame retardants are expected to play a crucial role in ensuring fire safety across various sectors. Manufacturers, researchers, and investors in this industry are well-positioned to capitalize on these opportunities and drive innovation in non-halogenated flame retardant technologies.

[tbrcresearchreport]

The global bromine derivatives market size is expected to grow from $4.63 billion in 2022 to $4.89 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%.

[chemicalsubstancesworld]

Bromine Derivatives Market SWOT Analysis, Key Indicators, Forecast 2027

Description :

Global Bromine Derivatives Market: Information by Product Type (Hydrogen Bromide, Calcium Bromide, Sodium Bromide, Zinc Bromide, Decabromodiphenyl Ethane (DBDPE), Tetrabromobisphenol A (TBBPA) and others), Application (Flame Retardants, Organic Intermediate, Oil & Gas Drilling, Biocides, PTA Synthesis and Others), End-Uses Industry (Electrical & Electronics, Construction, Oil & Gas, Chemicals, Pharmaceuticals, Wastewater Treatment and Others) and Region (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa) - Forecast till 2024

Keywords :

Global Bromine Derivatives Market, Bromine Derivatives Market Trends, Bromine Derivatives Market Share,, Bromine Derivatives Market Growth, Bromine Derivatives Market Report, Bromine Derivatives Market Analysis, Bromine Derivatives Industry, 

Bromine Derivatives Market Analysis

The Global Bromine Derivatives Market is expected to register a CAGR of 4.41% during the review period. Bromine is found in high concentration in seawater, salt lakes, and underground brines. Bromine derivatives find use in numerous applications such as electronics, construction, chemicals, water treatment, and oil & gas, among others. The global demand for bromine derivatives is primarily driven by widespread use as a flame retardant in numerous electronics products and construction applications. The use of bromine-based products has increased in controlling mercury emissions from coal-fired power plants and industrial boilers.

On the basis of product type, the global market has been classified into calcium bromide, sodium bromide, zinc bromide, hydrogen bromide, decabromodiphenyl ethane (DBDPE), tetrabromobisphenol A (TBBPA), and others. Zinc and calcium bromides are widely used in the production of non-damaging fluid with densities ranging from 15.1 lb/gal to 19.2 lb/gal and 11.7 lb/gal to 15.1 lb/gal, respectively. Both zinc bromide and calcium bromide possess thermal and chemical stability and can also be blended with other solutions containing bromides and chloride. Sodium bromide is used in numerous applications including oilfield, water treatment, pulp & paper, and pharmaceuticals. Decabromodiphenyl ethane (DBDPE) and Tetrabromobisphenol A (TBBPA) are used as bromine flame retardants in the electrical & electronics and construction industries.

Top Key Players

Some of the key players operating in the global bromine derivatives market are Albemarle Corporation (US), Tosoh Corporation (Japan), PACIFIC ORGANICS PVT Ltd (India), BEACON ORGANOSYS (India), Honeywell International Inc. (US), APK (India), LANXESS (Germany), TETRA Technologies, Inc. (US), ICL (Israel), and Neogen Chemical Limited (India).

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 Regional Analysis

 Based on region, the global bromine derivatives market has been segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The market in Asia-Pacific accounted for the largest share of the global bromine derivatives market and is expected to register continuous growth during the review period on account of the growth of the major end-use industries such as electrical & electronics, construction, chemicals, and oil & gas.

Europe is also expected to be a prominent market on account of the expanding water treatment industry in the region with increasing regulations for treating wastewater to meet the rising water scarcity in the region.

The market in North America is likely to witness healthy growth on account of the presence of established oil and gas industry coupled with an increase in shale oil and gas exploration using hydraulic fracturing technique, which is likely to fuel the demand for oilfield chemicals and thus, bromine derivatives.

The markets in Latin America and the Middle East and Africa are likely to register healthy CAGRs on account of the growth of the major end-use industries.

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[neha24blog]

Bromine Derivatives Market Likely To Touch At USD 5.11 Billion By 2025 : Grand View Research Inc.

Bromine Derivatives Market Likely To Touch At USD 5.11 Billion By 2025 : Grand View Research Inc.

As per the report by Grand View Research, Inc., the bromine derivatives market is poised to rise to a valuation of USD 5.11 billion and is estimated to witness a CAGR of 4.3 % by 2025. Technological advancements in bromine derivatives and growing use of bromine in mercury emission extenuation are anticipated to boost the market growth in the forecast period.

Rising demand for flame retardants on…

[chemicalresearch]

Bromine Derivatives Market Analysis, Outlook and Forecast 2025

Bromine derivatives are mainly categorized into two segments, inorganic bromine derivative and organic bromine derivatives. Inorganic bromine derivatives mainly includes Calcium Bromide, Potassium Bromide & Sodium Bromide. Organic bromine derivatives includes Ethylene dibromide, Methyl Bromide, Hydrobromic Acid (Hydrogen Bromide), Tetrabromobisphenol A, Decabromodiphenyl Oxide and Octabromodiphenyl oxide.

Market Dynamics

Bulk availability of bromine feedstock and increasing oil & gas exploration activities in Asia Pacific, South America, and Africa are creating highly conductive environment for growth of bromine derivatives market in these regions. In addition to this, increasing demand for bromine derivatives in water treatment and Mercury Emission Control by power plants is expected to have positive impact on growth of the market in the near future.

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However, stringent regulations imposed on use of synthetic bromine derivatives is a major challenge for market growth. For instance, in 2016, European Union (EU) published Regulation 2016/293 prohibiting hexabromocyclododecane, which is a bromine containing flame retardant. It has applications such as filling bean bags, electrical appliances, packaging materials, textile coating additive, and upholstered furniture.

Market Outlook

Among application, flame retardant segment accounted for the highest market share in 2017. The segment is expected to lead the market throughout the forecast period (2018-25). Rising fire accidents globally has resulted in increasing demand for bromine based flame retardants. According to the National Fire Protection Association (NFPA), between 2011 and 2015, municipal fire departments in the U.S. responded to an average of 37,910 fires at industrial or manufacturing properties every year with annual losses from these fires estimated at 16 civilian deaths, 273 civilian injures, and US$ 1.2 billion in direct property damage totally.

Among end-use industries, chemical segment dominated in the market in 2017. Owing to extensive applications of bromine derivatives in chemical industries, the segment is projected to maintain dominant position in the market over the forecast period.

Asia Pacific is projected to be the fastest growing region in the market over the forecast period. Key factors such as bulk availability of Bromine Feedstock, and rapid penetration of Chemical, pharmaceutical, Personal Care companies into emerging economies such as China and India are creating immense opportunities for growth of bromine derivatives market.

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Key players in Global Bromine Derivatives Market

Key players operating in the global Bromine Derivatives market include Israel Chemicals Limited, Albemarle Corporation, LANXESS (Chemtura Corporation), Jordan Bromine Corporation, Tosoh Corporation, Tata Chemicals Limited, Gulf Resource Inc., TETRA Technologies Inc., Honeywell International Inc., and Perekop Bromine Factory among others.

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[kiranadhavmarketstudy]

Bromine Market 2028 Analysis by Product Types & Applications; Industry Top Players, Regions & Market Overview

The research reports provide deep insights into the global market revenue, market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of Bromine  market during the forecast period, i.e., 2022–2030. The report, most importantly, identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application type, technology type, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors, including but not limited to supply chain management, distribution Trade, channels, supply and demand, and production capability differ across countries.

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Bromine  Market Company Profiles Analysis:

ICL Group Ltd. (Israel)

Albemarle Corporation (US)

LANXESS AG (Germany)

Tosoh Corporation (Japan)

TETRA Technologies, Inc. (US)

Solaris Chemtech Industries Ltd. (India)

TATA Chemicals Ltd. (India)

Hindustan Salts Ltd. (India),

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Bromine  Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2030, factoring the impact of Covid -19 Situation.

Market Segmentation:

Bromine Market Size, Share & Trends Analysis Report by Derivative (Organobromine, Clear Brine Fluids, Hydrogen Bromide), Application (Flame Retardants, Oil & Gas Drilling, PTA Synthesis, Water Treatment& Biocides, HBR Flow Batteries), Global Industry Insights, Trends, and Forecast, 2021-2028.

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Regional Framework

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Bromine  Market based on various segments. It also provides market size and forecast estimates from the year 2022 to 2028 with respect to five major regions. The Bromine  Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Bromine  Market Report:

North America

Europe

Asia-Pacific

Latin America

The Middle East & Africa

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Icon Market Research is a one-stop industry research provider of actionable intelligence. Through our syndicated and consulting research services, we help our clients get solutions to their research requirements. We specialise in industries such as Semiconductor and Electronics, Aerospace and Défense, Energy, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals, and Materials.

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Major Features of Bromine  Market Report:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Bromine  market.

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the global Bromine  market, thereby allowing players across the value chain to develop effective long-term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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[dv554822]

Bromine Market Analysis By Size, Share, News, Demand, Opportunity 2031

Research Nester published a report titled “Global Bromine Market: Global Demand Analysis &Opportunity Outlook 2031” which delivers detailed overview of the global bromine market in terms of market segmentation by derivative, application, end user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global bromine market is anticipated to grow with a CAGR of ~4% during the forecast period, i.e., 2022-2031. The market is segmented by application into flame retardants, biocides, organic intermediates, PTA synthesis, plasma etching, and oil and gas drilling.  Out of these, the flame retardants segment is anticipated to garner the largest revenue by the end of 2031. Bromine-containing flame retardants (BFRs) slow down the ignition rate of substances. The segment growth is expected to be driven by the widespread utilization of bromine derivatives in flame retardants.

The global bromine market is estimated to garner revenue of USD 6 Billion by the end of 2031, up from revenue of USD 3 Billion in the year 2021. The increasing investment in oil and gas industries, developments in bromine derivatives, increased polymer manufacturing, demand for disinfectants, and increased use of hydrogen bromide in flow batteries are some of the major factors anticipated to drive the growth of the market during the forecast period.

Geographically, the global bromine market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific is projected to garner the largest revenue by the end of 2031. The number of fire-related property losses in the region is increasing every year, which encourages the use of flame retardants. This factor is expected to propel the demand for bromine over the forecast period.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Increasing Demand for Bromine in Oil and Gas Drilling to Drive the Market Growth

For instance, Rystad Energy, a U.S.-based energy research and business intelligence company, reports that global oil and gas well drilling increased by 12% from 2020 to 2021.

Oil and gas drilling requires a high amount of bromine, by using clear brines containing bromine, to extract oil and gas from porous stones.Bromine rich brine is used for compensating for gravity's role in maintaining the pressure required so that the pores do not close. As a result, the growth of the global bromine market is expected to be driven by the increasing demand for bromine in oil and gas drilling.

However, strict government regulation on use of bromine coupled with risk associated with the Bromine derivatives are expected to operate as key restraint to the growth ofglobal bromine market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global bromine market which includes company profiling ofAlbermarleCorporation, Israel Chemicals Ltd, Jordan Bromine Company Ltd, Lanxess AG, Tosoh Corporation, Chemtura Corporation, Tetra Technologies Inc., Hindustan Salts LtdTata Chemicals India, and Gulf Resources Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global bromine market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

[marketresearchlatestreports]

Bromine Derivatives Market Review: Growth Seen on Heavy Volume

The global bromine derivatives market is foreseen to touch the estimated value of USD 4.08 billion by 2025 while registering a growth rate of 4.4% CAGR.

Due to increasing industrialization across the globe, the demand for performance additives has been witnessing a surge, driving the global bromine derivatives in the coming years. A rise in the demand for bromine derivatives in the electronics, aerospace & defence, and biomedical sectors is expected to drive the market growth over the forecast period.

ResearchMoz shares detailed insights on the bromine derivatives market including market size, threats, challenges, and opportunities which would help the stakeholders to be thoughtful before taking their business decisions.

Crop Protection Technology Drives the Bromine Derivatives Market

The bromine derivative industry is one of the fastest-growing industries in the world due to the increasing demand from various countries across the world. The development and improvement in crop protection technology have increased the demand for bromine-based pesticides and this has increased the revenue for the bromine derivatives.

However, bromine is a highly corrosive element, it has been found that bromine can damage the environment due to its high corrosive property. Moreover, brominated flame retardants are suspected to have the potential to act as endocrine disruptors. Thus, regulatory concerns and controversies regarding the safety of brominated flame retardants have dampened the demand in the global bromine derivatives market.

Nonetheless, the bromine compounds have been used in numerous applications due to their antimicrobial properties. The bromine compounds have been found to have a wide range of applications in the field of healthcare, agriculture, and food processing, which would amplify the growth opportunities for the bromine derivatives market in the coming years.

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Rapid Urbanization Boosts Growth Opportunities for the Bromine Derivatives Market

With the increase in population and urbanization, the consumption of water has also increased, paving the way for bromine derivatives market growth. Moreover, the growing awareness about the importance of clean water has also led to an increase in the demand for bromine derivatives. This, in turn, has led to the growth opportunities of the bromine derivatives market.

Additionally, bromine has a wide range of applications in the chemical and pharmaceutical industries, which has led to the growth of the bromine derivatives market. Growing demand for bromine in the food and beverage, leather, construction, and water purification industries has further fueled the growth of the bromine derivatives market.

Competitive Landscape

The report by ResearchMoz helps stakeholders know where to find information to start or expand their business. It also helps them understand which regulatory requirements to keep in mind while setting up their business. For example, the report can be used by manufacturers to know where they need to register and how to list their products. It can be helpful for suppliers to know the exact specifications and quality standards that the manufacturer wants.

Many manufacturing companies have set up R&D centres, focusing on developing new products, improving existing products, and expanding into new markets to meet the market demand. It is highly essential for both medium and large-scale manufacturing companies to invest in R&D. This helps in maintaining a competitive edge in the industry and also facilitates reducing the cost of production.

Major Players

LANXESS CORPORATION

PEREKOP Bromine

TATA CHEMICALS LIMITED

TETRA Technologies, INC.

Tosoh Corporation

Honeywell International INC.

Israel Chemicals Limited

Gulf Resources Inc

Albemarle Corporation

Hindustan Salts Limited

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Key Takeaways

The report begins with a description of bromine, the production process, and bromine determinants. This section also analyzes the various end-users of bromine and its applications. The bromine market report then analyzes the various trends expected to shape the bromine market over the forecast period. It also analyzes the trends that may hinder the growth of this market. The report ends with a summary of key findings and key takeaways.

The bromine derivatives market will observe a growth of a CAGR of 4.4% during the forecast period 2019 to 2025.

The bromine derivatives market is dominated by major players in the end-user industries such as the chemical, pharmaceutical, and food & beverages sectors. However, growth opportunities in the non-end-user industries such as the electronics, automotive, and aerospace & defence sectors are providing impetus to the market growth of bromine derivatives

Furthermore, DOW, Ltd. is a major producer of bromine compounds such as bromine compounds, bromine anhydride, and bromine oxide. The key players in the bromine derivatives market are also engaged in the research and development of bromine derivatives such as bromine-sulfur composites, bromine-sugar composites, and bromine-acid composites.

Product Outlook

Brominated Polystyrene

Tetrabromobisphenol A

Calcium Bromide

Sodium Bromide

Zinc Bromide

Hydrobromic Acid

Decabromodiphenyl Ethane (DBDPE)

Others

Application Outlook

Flame Retardants

Organic Intermediates

Oil & gas

Biocides

PTA Synthesis

Others

Download Report PDF: Bromine Derivatives Market

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[balrajgis]

Bromine Derivatives Market SWOT analysis, Growth, Share, Size and Demand outlook by 2031 | | Albemarle Corporation, Gulf Resources Inc., Hindustan Salts Limited

Global Bromine Derivatives Market report from Global Insight Services is the single authoritative source of intelligence on Bromine Derivatives Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Bromine derivatives are a class of organic compounds that contain one or more atoms of bromine. These compounds can be found in a variety of products, including pesticides, flame retardants, and pharmaceuticals. Bromine derivatives have a wide range of chemical and physical properties, which make them useful for a variety of applications.

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Key Trends

Bromine derivatives are used in a wide range of applications, including flame retardants, water treatment, and agriculture.

One of the most promising areas of development for bromine derivatives is in the field of flame retardants. Brominated flame retardants are used in a variety of products, including electronics, furniture, and clothing.

Bromine derivatives are also used in water treatment. Brominated water treatment chemicals are used to remove contaminants from water supplies.

Key Drivers

One of the key drivers of the Bromine Derivatives market is the rising demand for bromine-based flame retardants. Bromine-based flame retardants are used in a wide range of applications, such as electronics, construction, and transportation.

The increasing stringent government regulations regarding fire safety are fuelling the demand for bromine-based flame retardants.

Market Segmentation

By Derivatives

Sodium Bromide

Calcium Bromide

By Application

Flame Retardants

Safety Apparel

By End-Use

Chemical

Construction

By Region

North AmericaUS

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Key Players

Albemarle Corporation

Gulf Resources Inc.

Hindustan Salts Limited

Honeywell International Inc.

Israel Chemicals Limited

Lanxess Corporation

Solaris Chemtech Industries Limited

With Global Insight Services, you receive:

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Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario

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