Bromine Derivatives Market Focusing On The Basis Of Product, Application, And Region

02/dic/2019 13:51:25 Grand View Research Contatta l'autore

Bromine Derivatives Market

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 account of strict fire safety framework and widespread consumption of bromine in diverse applications are anticipated to propel the demand for bromine derivatives in the forecast period. In addition, increasing installation of electronics essential in vehicles is also anticipated to boost the demand in the coming years.

On the other hand, stringent rules against clear brine fluid and bromine fumigants are anticipated to hinder the growth of the market in the forecast period. In addition, development of toxicological properties of brominated compounds and non-halogenated flame retardants are also likely to hamper the market growth. However, the growing use of hydrogen bromide in flow batteries and recycling of bromine are likely to create new opportunities in the bromine derivatives industry in the years to come.

Access Press Release of Bromine Derivatives Market @ https://www.grandviewresearch.com/press-release/global-bromine-derivatives-market

In April 2017, Chemtura (U.S.), a leading supplier of lubricant additives and flame retardant, was acquired by LANXESS (Germany). The acquisition helped LANXESS increase its additives portfolio to make it one of the foremost companies in the specialty chemicals industry and increase its footmark in the North America region.

In February 2016, ICL and Albemarle signed a long-term supply contract for sustainable polymeric flame retardants. This contract will facilitate the supply of GreenCrest, a sustainable flame retardant substitute to hexabromocyclododecane (HBCD)-based flame retardants.

North America accounted for a significant market share in 2017. The region holds many leading manufacturers of natural gas and is witnessing a stable development in the manufacturing of shale gas, leading to a growth in the development of bromine derivatives. In addition, Asia Pacific is projected to have a substantial growth over the forecast period owing to increasing industrial development and rising demand.

Leading players effective in the bromine derivatives market include Honeywell International, Sanofi, Israel Chemicals Ltd., Perekop Bromine Factory, Tata Chemicals Ltd., Jordan Bromine Company, Tosoh Corporation, Tetra Technologies, Chemtura Corporation, Albemarle Corporation, Gulf Resources Incorporation, LANXESS, and Hindustan Salts Ltd.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

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