Press release
Bromine Market Report 2024 - Bromine Market Size, Trends, And Segments
Bromine Market
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=5910&type=smp
According to The Business Research Company's, The bromine market size has grown rapidly in recent years. It will grow from $4.78 billion in 2023 to $5.26 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to increasing demand for flame retardants in construction materials and electronics, expansion of the oil and gas industry, growth in the pharmaceutical industry for the production of medicines, regulation favoring the use of bromine in water treatment applications, and rise in demand for clear brine fluids in oil and gas production..
The bromine market size is expected to see strong growth in the next few years. It will grow to $7.61 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to environmental regulations favoring the use of bromine in flame retardants, expansion of the energy storage and electric vehicle markets, rising use of bromine compounds in energy-efficient cooling systems, enhanced demand for bromine in water treatment due to increased urbanization, and adoption of bromine in energy storage solutions like flow batteries. Major trends in the forecast period include shift toward eco-friendly flame retardants, bromine recycling, urbanization and water treatment, bromine in energy-efficient electronics, and energy storage solutions.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/bromine-global-market-report
Market Drivers and Trends:
The increase in demand for bromine in oil and gas drilling is significantly contributing to the growth of the bromine market. The oil and gas are extracted from porous stones by drilling a hole into the area. Bromine used in the form of clear brines can compensate for the gravity required to balance the pressure needed to avoid closing the pores that are drilled in porous stone. The increasing oil and gas drilling activity requires a high amount of bromine. For instance, according to Rystad Energy, a US-based energy research and business intelligence company, global oil and gas drilling activity increased by 12% from 2020 to 2021, with around 54,000 wells drilled. Therefore, the increase in demand for bromine in oil and gas drilling is expected to propel the growth of the bromine market going forward.
Strategic partnerships and collaborations have emerged as a trend gaining popularity in the bromine market. Major companies operating in the bromine sector are focused on partnerships and collaborations in order to expand their operations into new areas and become industry leaders. For instance, in February 2021, W. R. Grace and Company, a US-based chemical company, acquired Albemarle Corporation for $570 million. This acquisition significantly steps up W. R. Grace and the company's modest footprint in the pharmaceutical services industry. Albemarle Corporation is a US-based chemical manufacturing company that specializes in bromine, refining catalysts, lithium, and applied surface treatments.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
ICL Group Limited, Albemarle Corporation, Lanxess AG, Tosoh Corporation, TATA Chemicals Ltd., Gulf Resources Inc., Solaris Chemtech Industries Limited, Honeywell International Inc., Perekop Bromine, Hindustan Salts Ltd., Chemtura Corporation, Chemada Industries Ltd., Jordan Bromine Company Ltd., Shandong Weifang Longwei Industrial Co. Ltd., Agrocel Industries Pvt. Ltd., Israel Chemicals Ltd., TETRA Technologies Inc., Sujay Synthorg Chemicals Pvt. Ltd., Shandong Haiwang Chemical Co., Neogen Chemicals Ltd., Shandong Ocean Chemical Co. Ltd., Krishna Solvachem Ltd., Merck KGaA, Mody Chemi Pharma Ltd., Pacific Organics Pvt. Ltd., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd.
Bromine Market 2024 Key Insights:
• The bromine market size is expected to see strong growth in the next few years. It will grow to $7.61 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
• Bromine Market Surge Powering Oil And Gas Exploration
• Strategic Collaborations In The Bromine Sector Paving The Path To Industry Leadership
• Asia-Pacific was the largest region in the bromine market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=5910&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Bromine Market Report 2024 - Bromine Market Size, Trends, And Segments here
News-ID: 3729831 • Views: …
More Releases from The Business research company
Fireproofing Materials Market Growth to be Driven by Emerging Trends | $2.42 Bil …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Fireproofing Materials Industry?
The market size for fireproofing materials has been on a steady rise in the past few years. It is projected to escalate from $1.21 billion in 2024 to $1.37 billion in 2025, demonstrating a compound annual growth rate (CAGR) of…
Polyglycerol Industry Expected to Reach $3.77 Billion by 2029 at 9.1% CAGR
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
Polyglycerol Market Value Projection: How Much Will the Market Size by 2025?
In recent times, the polyglycerol market has seen substantial growth. The market is projected to increase from $2.48 billion in 2024 to $2.66 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. The growth during the…
Emission Control Catalysts Market is Anticipated to Expand upto $45.22 Billion i …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Forecasted Market Growth Rate of the Emission Control Catalysts Industry?
The market size for emission control catalysts has experienced robust growth in the past few years. The market value is set to increase from $27.01 billion in 2024 to $29.48 billion in 2025, reflecting a compound annual growth…
Paper Pigments Industry Growth Outlook: 6% CAGR and $23 Billion by 2029
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Paper Pigments Market Size 2025?
The market size of paper pigments has been experiencing stable growth in the past few years. The market, which is valued at $17.47 billion in 2024, is predicted to rise to $18.21 billion in 2025, showcasing a compound annual…
More Releases for Bromine
High Purity Bromine Market Growth 2024 : By Companies ICL, Albemarle, Lanxess, J …
Los Angeles, (United States) - The Global High Purity Bromine Market is carefully researched in the report while largely concentrating on top players and their business tactics, geographical expansion, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is specially prepared to explore key aspects of the global High Purity Bromine market. For instance, the market dynamics section digs deep into the drivers,…
Bromine Market Will Expand Due to Increasing Use of Bromine-based Flame Retardan …
Bromine is a halogen element with the symbol Br and atomic number 35. A heavy, volatile, reddish-brown liquid at room temperature, bromine is a fumigant with a strong, disagreeable odor, and is frequently used as a disinfectant or a sedative. Bromine compounds are used as flame retardants, in agriculture, in medicine, and as pesticides.
Bromine is produced by electrolysis of brine solutions. The major commercial source of bromine is the Dead…
Bromine & Derivatives Market 2022 Precise Outlook- ICL, Albemarle, Lanxess, Jord …
The Bromine & Derivatives Market research delivers comprehensive research on the present stage of the market, covers market size with respect to assessment as sales volume, and provides a precise forecast of the market scenario over the estimated period. Also focuses on the product, application, manufacturers, suppliers, and regional segments of the market. Bromine & Derivatives market report research highlights market driving factors, an overview of the market growth, industry…
Bromine Market 2020 Analysis by Global Manufacturers –ICL, Yuyuan Group, Jorda …
This report researches the worldwide Bromine market size (value, capacity, production and consumption) in key regions like United States, Europe, Asia Pacific (China, Japan) and other regions. This study categorizes the global Bromine breakdown data by manufacturers, region, type and application, also analyses the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
The global…
Global Bromine Market 2017 - Albemarle, Chemtura Corporation, Jordan Bromine Com …
The report studies Bromine in Global market Professional Survey 2017 : Size, Share, Trends, Industry Growth, Opportunity, Application, Production, Segmentation, Cost Structure, Company Profile, Product Picture and Specifications during the Forecast period by 2022
Access Full Report With TOC: https://goo.gl/BQYRp7
The report scrutinizes the Bromine market and gives an intricate examination of its applications. The report includes a cost evaluation analysis of products that are available in the worldwide Bromine market with…
Global Bromine Market 2017: ICL, Albemarle, Tosoh, Perekop Bromine, Yuyuan Group …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Bromine market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in need of…
