Press release
Bromine Market Growth to be Driven by Technological Advancements 2025
Some of the prominent participants operating in the global bromine market are Albemarle Corporation, Israel Chemical Ltd. (ICL), Jordan Bromine Company Limited, and Gulf Resources Inc.
View Report Preview:
https://www.transparencymarketresearch.com/bromine-market.html
As per a report by Transparency Market Research, the global bromine market will rise at a tepid pace in the upcoming years. It forecasts the market to become worth US$2.674 bn by 2025 from US$1.74 in 2016 by registering a CAGR of 5.0% during the period between 2017 and 2025.
Demand from China Catapults Asia Pacific Market to Fore
Depending upon its various applications, the global bromine market can be classified into flame retardants, drilling fluids, biocides, catalysts, and water treatment, among others. Among them, the main application of bromine is seen in flame retardants. Going forward, the segment is expected to retain its leading share in the market, albeit reducing it slightly to 32.6% by 2025 by clocking the minimum CAGR of 4.2%.
Based on geography, the global bromine market can be segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Of them, Asia Pacific has emerged as a leader both in terms of growth rate and share in revenue. In 2016, the region contributed a significant 50.0% share in the revenue in the market. The region is also predicted to grow its share vis-à-vis volume mainly on the back of massive demand from China, which accounts for over half the demand for bromine in the region. China is also a major manufacturer of bromine in Asia Pacific.
Application in Water Treatment Drives Market
Bromine primarily finds application in water treatment – be it industrial water treatment or residential and commercial water purification. Bromine also finds application in thwarting formation and growth of bacteria, algae, and odors in swimming pools. The increasing uptake of water treatment chemicals is expected to keep the prospects of the market upbeat in the foreseeable future.
The lead analyst of the TMR report, elaborates further on the opportunities in the global bromine market: “The market for bromide-based technologies to remove mercury emission at coal-fired power plants is an area of potential growth for the industry. Bromide compounds for reducing mercury emissions costs less compared to other materials, namely fluorine-, chlorine-, or iodine-based compounds.”
Request to view Sample Report:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=28565
Health Hazards Posed by Bromine Crimps its Demand
A factor, providing headwind to the global bromine market, is the fact that it is classified as a hazardous waste. Hence, it has to be disposed of carefully so that minimum damage to the environment and humans results. Further, bromine vapor is highly corrosive. The problem becomes aggravated in presence of moisture on account of the formation of acids. Therefore, bromine needs be kept dry during transportation and storage. Bromine, heavier than water, also needs to be transported carefully in properly designed and operated systems to lessen the risk of potentially hazardous imbalances. All these have also served to slow down its market.
This review is based on the findings of a TMR report, titled, “Bromine Market (Application - Flame Retardants, Drilling Fluids, Biocides, Catalysts, and Water Treatment) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025.”
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us
Transparency Market Research
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: www.transparencymarketresearch.com/
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 Growth to be Driven by Technological Advancements 2025 here
News-ID: 883230 • Views: …
More Releases from Transparency Market Research
Transformer Dismantling & Recycling Services Market Outlook 2034: How Sustainabl …
As global energy systems evolve and electricity demand rises, the safe, efficient, and environmentally responsible disposal of aging electrical infrastructure has become an urgent priority. Transformers-critical components of transmission and distribution networks-must be replaced or refurbished regularly due to wear, efficiency loss, safety concerns, or regulatory mandates. Transformer dismantling and recycling services play a vital role in ensuring that these large, complex electrical units are decommissioned safely while valuable materials…
Online Dating Services Market Outlook 2034: How Digital Matchmaking Platforms Ar …
The online dating services market has undergone a remarkable transformation over the past decade, evolving from simple matchmaking websites to highly intelligent, data-driven platforms that use artificial intelligence, behavioral insights, and preference-based algorithms to match users more effectively. The rise of mobile apps, digital socialization, and increased acceptance of online dating across age groups has made digital matchmaking a mainstream phenomenon. In 2023, the global online dating services market was…
Ambulatory Infusion Centers Market Outlook 2035: Transforming Outpatient Care Th …
Ambulatory infusion centers (AICs) have become one of the most rapidly expanding components of modern healthcare, driven by a growing emphasis on outpatient care solutions, the rising prevalence of chronic diseases, and increasing adoption of advanced biologics. These specialized centers provide infusion therapies outside of hospital settings, offering patients convenience, affordability, and improved treatment experiences. As healthcare systems worldwide shift toward models that prioritize cost savings, patient comfort, and efficient…
Amyloidosis Therapeutics Market Outlook 2035: Advancements in Rare Disease Treat …
The global healthcare landscape is witnessing a growing focus on rare diseases, propelled by increasing awareness, expanded diagnostic capabilities, and advancements in personalized medicine. Amyloidosis, a group of rare but severe conditions caused by the buildup of abnormal amyloid proteins in tissues and organs, has moved into the spotlight as medical science uncovers more effective treatments and diagnostic tools. The amyloidosis therapeutics market, valued at US$ 2.7 billion in 2024,…
More Releases for Bromine
Bromine Market Report 2024 - Bromine Market Size, Trends, And Segments
"The Business Research Company recently released a comprehensive report on the Global Bromine Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of…
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…
