Wednesday 14 February 2018

Global Bromine Market is Expected to Reach $4.28 billion by 2023

Report Sellers has added a new market research report “Bromine - Global Market Outlook (2017-2023)” to its offerings.

According to Report, the Global Bromine Market is expected to grow from $2.35 billion in 2016 to reach $4.28 billion by 2023 with a CAGR of 8.9%. Increasing consumption of bromine in various end use industries such as oil & gas, automotive, pharmaceuticals, textile, agricultural, and electronics will be one of the major factors that will have a positive impact on the growth of the market. Bromine and its derivatives are widely used in PTA synthesis, plasma etching, flame retardants, biocides, and oil & gas drilling applications. Furthermore, increasing oil and gas demand, expansion of water treatment industry, developments in oil & gas production with advance manufacturing units, rising usage as mercury reducing agents and stringent environmental policies are the factors favoring the market growth. 

Bromine is a chemical element, one of nature’s building blocks. Bromine derivatives are essential ingredients in everything from drugs and automotive tires to water purifiers, sanitizers and additives that protect lives and property from fire. Bromine derivatives are used to explore for oil and gas, and they help us keep swimming pools and spas clean and clear. Bromine is classified as a hazardous waste material under the CERCLA (Superfund) act of 1980 and the Resource Conservation and Recovery Act (RCRA) of 1976, along with numerous state and local laws and regulations. Under these rules, bromine must be disposed of in a way that minimizes potential harm to humans and the environment.

Asia-Pacific leads the bromine and its derivatives market globally with the biggest market share and is expected to grow with a high CAGR among the other regions. The dominance of this region is due to key players are shifting their manufacturing units from mature markets to emerging markets such as APAC and ME&A. Growing demand from end use industries, increasing investments by large players and existence of large sources of raw materials in Asia pacific region are expected to augment bromine and its derivative market in coming years. Major bromine sources include Ocean waters in Japan, Dead Sea and Brine wells of China.

Some of the key players profiled in the report include Sanofi SA, Honeywell International Inc., Aquachina Chemicals, Chemtura Corporation, Israel Chemicals Limited, Solaris Chemtech, Dhruv Chem Industries, Tetra Technologies Inc., Tosoh Corporation, Albemarle Corporation, Morre-Tec Industries Inc., Jordan Bromine Company, Hindustan Salts Limited, Gulf Resources Inc., Tata Chemicals Limited, Shandong Haiwang Chemical Co., Ltd., Shandong Dadi Salt Chemical Group Co., Ltd and Shandong Ocean Chemical Co., Ltd. 

Browse through the complete description and in-depth TOC on “Global Bromine Market”
https://www.reportsellers.com/market-research-report/Bromine---Global-Market-Outlook-2017-2023 

What does the Report Offers

• Market share assessments for the regional and country level segments
• Market share analysis of the top industry players 
• Strategic recommendations for the new entrants
• Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments

Report Scope

Global bromine market has been segmented by derivatives covered, applications covered, verticals covered and regions covered

Derivatives Covered:
Clear Brine Fluids
Hydrogen Bromide (BHR)
Organobromines

Applications Covered:
Biocides
Catalysts
Flame Retardants
Oil & Gas drilling
Organic Intermediates
Plasma etching
PTA synthesis
Other Applications

Verticals Covered:
Oil and gas
Automotive
Chemicals
Pharmaceuticals
Agriculture 
Cosmetics
Textile
Other Verticals 
Regions Covered:
North America
US
Canada
Mexico
Europe
Germany
France
Italy
UK 
Spain 
Rest of Europe 
Asia Pacific
Japan 
China 
India 
Australia 
New Zealand 
South Korea
Rest of Asia Pacific 
South America
Argentina
Brazil
Chile
Rest of South America
Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa 

Request sample here https://www.reportsellers.com/market-research-report/Emergency-Shutdown-Valves---Global-Market-Outlook-2017-2023 

We have a large number of reports in Chemicals & Materials Industry which can be accessed in the following link: https://www.reportsellers.com/category/chemicals-market-research-report 

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