Outlook on the Global Bromine Derivatives Market, 2019 to 2025 - Albemarle, Lanxess and Israel Chemicals are Dominating - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Mar 11, 2019--The “Bromine Derivatives Market Analysis Report By Application (Flame Retardants, Oil & Gas, Organic Intermediates), By Product (Tetrabromobisphenol A, Calcium Bromide), And Segment Forecasts, 2019 - 2025” report has been added to ResearchAndMarkets.com’s offering.
The global bromine derivatives market size is projected to reach USD 5.11 billion by 2025, exhibiting a CAGR of 4.3% during the forecast period.
Increasing installations of flame retardant electronics devices in the automotive sector are providing a fillip to the market. Brazil, Mexico, U.S., China, Saudi Arabia, Russia, and Norway have increased their oil & gas exploration activities. In such activities, calcium bromide (CaBr) and Sodium Bromide (NaBr) are used as drilling fluid for extraction of petroleum products. Therefore, the trend will stoke the growth of the market.
Raw material suppliers, product manufacturers, and end users are the part of value chain of the bromine derivatives market. Major manufacturing players in the bromine derivatives market include Albemarle Corporation, Lanxess, Chemtura Corporation, Israel Chemicals Ltd., Gulf Resources, Perekop Bromine, Albemarle Corporation, Sanofi S.A., and Tata Chemicals. To reduce time and costs involved in supply of materials, manufacturing facilities of raw material manufacturers are located in close proximity to bromine deposits.
Hydrobromic acid and calcium bromide are two key derivatives of bromine. Hydrobromic acid is used in the manufacturing of inorganic products such as zinc, sodium, and potassium bromides. Diatomic molecule of hydrogen bromide is dissolved in aqueous water to prepare the acid.
Calcium bromide is produced by reaction of calcium oxide (CaO), calcium carbonate (CaCo3) with hydrobromic acid. It is used in drilling fluids, photography, and oxidizer for mercury emissions control. Apart from uses in flame retardants and oil & gas, bromine derivative applications also include the use of fumigants in perfumes, heavy brines, and other specialty chemicals.
Further key findings from the report suggest:
- The global bromine derivatives market volume was estimated at 898.1 kilotons in 2017. It is poised to rise at a CAGR of 3.3% from 2018 to 2025.
- Tetrabromobisphenol A accounted for the largest market share of more than one fourth of the overall revenue in 2017. It is mainly used as a reactive component in polymer manufacturing.
- Major players have adapted technologies that help in having a flexible production model so that they can benefit from existing infrastructure. Several processes are being developed for the manufacture from green chemical to reduce toxicity of end chemicals.
- Bromine derivatives are majorly available in the form of solids and liquids. They are majorly used in manufacture of flame retardants and drilling fluids.
- Some of the key participants are Albemarle, Lanxess, and Israel Chemicals Ltd.
Chapter 1 Methodology and Scope
1.1 Research methodology
1.2 Research scope and assumptions
1.3 List of data sources
Chapter 2 Executive Summary
2.1 Market snapshot
Chapter 3 Bromine Derivatives Market Variables, Trends & Scope
3.1 Market segmentation
3.2 Penetration & growth prospect mapping
3.3 Bromine derivatives market value chain analysis
3.4 Regulatory framework
3.5 Production landscape, by product
3.5.2 Brominated polystyrene & TBBPA
3.5.3 Calcium, sodium, and zinc bromide
3.6 Raw material trend
3.6.2 Hydrogen bromide
3.6.3 Calcium carbonate
3.6.4 Sodium hydroxide
3.7 Market dynamics
3.7.1 Market driver analysis
22.214.171.124 Rising utilization of bromine for controlling mercury emissions
126.96.36.199 Rising demand for halogenated flame retardants
188.8.131.52 Increasing installation of electronics required in vehicles
3.7.2 Market restraint analysis
184.108.40.206 Stringent regulations regarding bromine fumigants
220.127.116.11 Rising consumption of non-halogenated flame retardants
18.104.22.168 Stringent regulations against clear brine fluids
3.8 Key opportunities prioritized
3.9 Bromine derivatives industry analysis - Porter’s
3.10 Bromine derivatives market PESTEL analysis
Chapter 4 Bromine Derivatives Market: Product Estimates & Trend Analysis
4.1 Product market introduction, 2017 & 2025
4.2 Brominated polystyrene
4.3 Tetrabromobisphenol A (TBBPA)
4.4 Calcium bromide
4.5 Sodium bromide
4.6 Zinc bromide
4.7 Hydrobromic acid
4.8 Decabromodiphenyl ethane (DBDPE)
Chapter 5 Bromine Derivatives Market: Application Estimates & Trend Analysis
5.1 Application market introduction, 2017 & 2025
5.2 Flame retardants
5.3 Organic intermediates
5.4 Oil & gas
5.6 PTA synthesis
5.7 Other applications
Chapter 6 Bromine Derivatives Market: Regional Estimates & Trend Analysis
6.1 Regional Market Introduction, 2017 & 2025
6.2 North America
6.4 Asia Pacific
6.5 Central & South America (CSA)
6.6 Middle East & Africa (MEA)
Chapter 7 Competitive Landscape
7.1 Bromine derivatives company market share analysis, 2017
7.2 Vendor landscape
7.3 Top 7 bromine derivatives manufacturer, by region
7.4 Top 7 potential consumers, by application
7.5 Competitive environment
7.6 Strategy framework
7.7 Top 7 selling bromine derivatives, by Region
7.8 SWOT analysis
Chapter 8 Company Profiles
8.1 Albemarle Corporation
8.2 Tata Chemicals Ltd.
8.3 Lanxess Corporation
8.4 Honeywell International Inc.
8.5 Tosoh Corporation
8.6 Israel Chemicals Limited
8.7 Tetra Technologies Inc.
8.8 Hindustan Salts Ltd.
8.9 Jordan Bromine Company Ltd.
8.10 More-Tec Industries Inc.
8.11 Beacon Organosys
8.12 JK Chemicals
8.13 Parad Chem Corporation
8.14 ICC Industries
8.15 Gulf Resources Inc.
8.16 Agrocel Industries Ltd.
8.17 Kingboard Chemical Holdings Limited
8.18 Sontara Organo Industries
8.19 Nirma Limited
8.20 Neogen Chemicals Limited
For more information about this report visit https://www.researchandmarkets.com/research/pwtqhm/outlook_on_the?w=4
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INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS
SOURCE: Research and Markets
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PUB: 03/11/2019 10:23 AM/DISC: 03/11/2019 10:23 AM