Bromine Derivatives Market

Global Bromine Derivatives Market: Overview 

Bromine is a natural element that is found in lakes, underground wells, and seas. The element is extensively used for controlling mercury emissions and halogenated flame retardants. Owing to similar reasons, the global bromine derivatives market is experiencing major growth these days. Rapidly growing end-use industries such as pharmaceuticals, electronics, and agriculture along with major construction activities across the globe are expected to provide tremendous momentum to the global bromine derivatives market in the coming years. Also, various end-users applications such as water disinfectant, flame retardants, agrochemicals, and biocides are some more factors that are supporting the growth of the global bromine derivatives market today. 

A report by Transparency Market Research provides an in-depth analysis of the global bromine derivatives market. It provides insight on various facets of the market including key drivers, notable developments, and various business opportunities that the market offers to the companies. The report also provides a regional analysis of the global bromine derivatives market. 

Global Bromine Derivatives Market: Notable Developments 

The competitive scenario of the global bromine derivatives market is highly consolidated. It is influenced by the developments of some of the prominent players across the globe. In order to gain an edge over their competitors, these players are getting involved in activities such as mergers, collaborations, and partnerships. Some of the businesses are acquiring various regional and small scale businesses in order to expand their production and stay at the top of the global bromine derivatives market. The players are also focusing on product launches and heavy investments in research and developments activities so as to retain their existing customers and acquire new ones. 

In February 2016, Albemarle Corporation and Israel Chemicals Limited joined hands in a long-term agreement in order to globally supply polymeric fire retardants. These retardants are marketed under the banner of GreenCrest Brand by Albemarle Corporation and under FR122P banner by Israel Chemicals Limited. 

Some of the major players of global bromine derivatives market are Perekop Bromine Factory, Albemarle Corporation, Lanxess, Hindustan Salts Ltd., Gulf Resources Incorporation, Tata Chemicals Ltd., Tosoh Corporation, Tetra Technologies, Israel Chemicals Ltd., Tata Chemicals Ltd., Jordan Bromine Company, Chemtura Corporation, and Honeywell International. 

Global Bromine Derivatives Market: Key Drivers 

The major reason responsible for the growth of the global bromine derivatives market is the increasing adoption of horizontal drilling techniques and hydraulic fracturing. Secondly, the growing number of exploration in oil and gas industry where bromine derivatives are extensively used is another factor that is supporting the growth of global bromine derivatives market in the forecast period. Also, the growth of oil and gas industry over the period of time has also encouraged the use of bromine derivatives applications in the industry is one of the major factors that is contributing in the growth of global bromine derivatives market in the forecast tenure of 2018 to 2026. Application of bromine derivatives has also grown in multiple industries such as construction, electronics, and chemicals has raised to another level. This is also a major growth factor for global bromine derivatives market in the future. 

Global Bromine Derivatives Market: Regional Analysis 

Over a period of time, Asia Pacific is likely to dominate the global bromine derivatives market. The growth is attributed to the rising economy of countries such as China and India as they hold a substantial share of the bromine derivatives market. The region shall also lead the global bromine derivatives market as a result of growing consumption of bromine derivatives in industries such as healthcare, electronics, and chemicals in the region.