Global Bromine Market 2021 – Huge Market Growth Till 2030

Global Bromine Market Overview 2030 -

The global Bromine Market is likely to grow at a significant CAGR between 2021- 2030, reveals the new Market Research Future (MRFR) report. Bromine is mostly used as a reactant and catalyst to produce products such as photographic chemicals, flame retardants, dyes, disinfectants, pharmaceuticals, agrochemicals, biocides, and others. It is a corrosive and highly volatile chemical element which at room temperature, is a fuming red-brown liquid and evaporates readily to form metals in extreme pressures.

On the contrary, strict governmental measures pertaining to the use of brominated flame retardants in electronic equipment and textile, and its toxic properties are factors that may limit the global bromine market growth over the forecast period 2030. This is a halogen that has properties of both iodine and chlorine. Pesticides, water treatment, BHR flow batteries, oil and gas drilling, mercury emission control, flame retardants, and others are some of the key applications of bromine.

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Chemtura Corporation (U.S.), Israel Chemicals Limited (Israel), Albemarle Corporation (U.S.), Tosoh Corporation (Japan), TETRA Technologies, Inc. (U.S.), Hindustan Salts Limited (India), Tata Chemicals Ltd (India), Perekop bromine (Republic of Crimea), Gulf Resources Inc. (China), Honeywell International Inc. (U.S.)., and others.

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Industry/ Innovation/ Related News:

In 2017, GE Company launched a new product PROflex for wide range of application such as general industrial, power, drinking water, food beverage, pharmaceuticals and others. The reverse osmosis was developed to provide cost-effective and easy-to-configure system.

In 2017, Veolia Water Technologies have been given a contract to build an iron removal water treatment plant for providing facility to Senegal’s water utility. This would increase the supply of drinking water to Dakar and its suburbs area.

In 2013, CH2M Hill team chose the Trident HS package treatment system that was offered by WesTech Engineering, Inc. so as to minimize the waste in water.

Bromine Market - Segments:

The global Bromine Market has been segmented into applications and production methods, according to MRFR research.

The market is divided into pharmaceuticals, food and beverages, agriculture, agrochemicals, and other applications. The chemical is used in the agrochemical industry to make herbicides and pesticides that prevent grass and weed growth on farms. The consumption of product-based chemicals will rise as the world's population grows and arable land becomes scarce. In addition, efforts are being made to increase agricultural yield, which is fueling the pyridine market's growth. It is primarily used to increase the demand for cotton crops.

The production method is divided into two categories: coal and chemical synthesis.

Industry News:

In 2019, Global speciality chemicals company ICL’s Industrial Production division (ICL-IP) announced its strategic agreements with its Asian customers to expand the capacity of bromine compounds. The agreements will look to increase the production capacity of its TBBA bromine compound by up to 25,000mtpa.

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