Bromine is a colorless soluble crystalline mineral halide salt which is
extracted from brine pools. Global Bromine Market is classified on the basis of
derivative, application, end user, and geography. Bromine is a naturally
occurring element, found in sea, lakes, and underground wells. Bromine is
mostly used in biocides, water treatment plants and pharmaceutical industries
due to its property of catalyst and reactant. Bromine and its derivatives have
extensive application in many industries such as oil and gas industry. The key
factors that propel the growth of the Global Bromine Industry include extensive
range of applications. The growing demand in numerous applications such as biocides,
flame retardants, oil & gas drilling, plasma etching, and son on fuel the
growth of the market.
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The key factors that attribute
to the growth of this region is owed to constant increase in the production of
bromine, in polymer fabrication, plasma etching, and as a fumigant. In
addition, the rising demand and policies comprising emission control,
eco-friendly products, etc. have led to innovation, and developments in the
bromine industry has considerably propelled the growth of this region.
Moreover, the significant growth in the production of flame retardants and
growth in the oil & gas industry in China is also contributing to bromine
production in the region.
Global Bromine Market is
classified on the basis of application as flame retardants, biocides, organic
intermediates, PTA synthesis, plasma etching and oil & gas drilling. Among
the applications, oil & gas drilling is anticipated to hold a significant
share of the Global Bromine Industry. Global Bromine Market is classified on
the basis of end user as chemicals, pharmaceuticals, cosmetics, textile,
pesticides, automotive and others. Among the end users, the chemicals segment
is expected to hold a considerable share of the Global Bromine Industry. Global
Bromine Market is classified on the basis of geography as North America, Latin
America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East
and Africa.
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