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.
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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.
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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.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.