Posted By Coherent Market Insights
Posted on October 12, 2021
The bromine market size was estimated at 555.94 kiloton in 2020, and the market is projected to register a CAGR of over 4% during the forecast period (2021-2026).
Bromine is a naturally occurring chemical element and is primarily used as a catalyst and synthesizing agent for the production of various products which include disinfectant, flame retardants, photographic chemicals, and water disinfectant. Automobile, agriculture and electronics are some of the major end-user industries of the bromine.
A detailed report on Global Bromine Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Bromine market: Albemarle Corporation, Israel Chemicals Limited, Chemtura Corporation, Tosoh Corporation, Gulf Resources Inc., Tetra Technologies Inc., Tata Chemicals Limited, and Hindustan Salts Limited
Regional Analysis For Bromine Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Bromine market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Market Restraints
Limited resources available and strict mining rules for bromine is projected to hamper market growth. For instance, under the Stockholm Convention on Persistent Organic Pollutants, the majority of countries including the U.S., Germany, Canada, and the U.K. have banned and restricted the use of certain brominated flame retardants in plastics and electronics products due to its persistence in environment.
Market Trends
Growing demand for cosmetic products due to rising fashion trend among consumers is projected to accelerate the market growth of bromine. Bromine is used in the manufacturing of biocides which is further used in the cosmetic products for extending the shelf-life of the products by safeguarding product quality. Hence, growing demand for cosmetic products is expected to bolster the market growth of the bromine.
The growing use of pesticides in the agriculture is a current trend in the agriculture industry. This is attributed to rising demand for high-yield crops due to the growing demand for food around the globe. The market growth of bromine largely depends on the expansion of the agriculture industry coupled with the rising adoption of advanced agriculture practices. Hence, the growing use of pesticides is projected to foster the market growth of bromine.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Bromine market Size Report [2021-2028] | Share, Growth, Trends, Competitive Landscape And Restrains appeared first on Gatorledger.
The bromine market size was estimated at 555.94 kiloton in 2020, and the market is projected to register a CAGR of over 4% during the forecast period (2021-2026).
Bromine is a naturally occurring chemical element and is primarily used as a catalyst and synthesizing agent for the production of various products which include disinfectant, flame retardants, photographic chemicals, and water disinfectant. Automobile, agriculture and electronics are some of the major end-user industries of the bromine.
A detailed report on Global Bromine Market providing a complete information on the current market situation and offering robust insights about the potential size, volume, and dynamics of the market during the forecast period, 2021-2027.
Top Key Players in Bromine market: Albemarle Corporation, Israel Chemicals Limited, Chemtura Corporation, Tosoh Corporation, Gulf Resources Inc., Tetra Technologies Inc., Tata Chemicals Limited, and Hindustan Salts Limited
Regional Analysis For Bromine Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Bromine market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
Market Restraints
Limited resources available and strict mining rules for bromine is projected to hamper market growth. For instance, under the Stockholm Convention on Persistent Organic Pollutants, the majority of countries including the U.S., Germany, Canada, and the U.K. have banned and restricted the use of certain brominated flame retardants in plastics and electronics products due to its persistence in environment.
Market Trends
Growing demand for cosmetic products due to rising fashion trend among consumers is projected to accelerate the market growth of bromine. Bromine is used in the manufacturing of biocides which is further used in the cosmetic products for extending the shelf-life of the products by safeguarding product quality. Hence, growing demand for cosmetic products is expected to bolster the market growth of the bromine.
The growing use of pesticides in the agriculture is a current trend in the agriculture industry. This is attributed to rising demand for high-yield crops due to the growing demand for food around the globe. The market growth of bromine largely depends on the expansion of the agriculture industry coupled with the rising adoption of advanced agriculture practices. Hence, the growing use of pesticides is projected to foster the market growth of bromine.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email: [email protected]
The post Bromine market Size Report [2021-2028] | Share, Growth, Trends, Competitive Landscape And Restrains appeared first on Gatorledger.
