Bromine Market: Global Industry Analysis and Forecast (2024-2030)
The Bromine Market size was valued at USD 4.80 Billion in 2023 and the total Bromine revenue is expected to grow at a CAGR of 5.5% from 2024 to 2030, reaching nearly USD 6.98 Billion by 2030
Bromine Market Report Overview
Maximize Market Research published reports that help clients to understand the landscape of the Bromine Market that the client is competing in. The report gives insights about the market to help clients under... more Bromine Market: Global Industry Analysis and Forecast (2024-2030)
The Bromine Market size was valued at USD 4.80 Billion in 2023 and the total Bromine revenue is expected to grow at a CAGR of 5.5% from 2024 to 2030, reaching nearly USD 6.98 Billion by 2030
Bromine Market Report Overview
Maximize Market Research published reports that help clients to understand the landscape of the Bromine Market that the client is competing in. The report gives insights about the market to help clients understand the demand for their product in the future and how competitive the Bromine Market is likely to be. The Bromine Market overview gives thorough details about the size of the market, trade statistics, leading players, and various market metrics such as life cycle, trends, etc.
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Bromine Market Report Scope and Research Methodology
The Bromine Market report delves into the importance of segments and regional markets, based on factors like market size and growth rate. A comprehensive overview of all segments and regions is outlined within the report. An in-depth analysis of projected statistics, significant developments, and revenue is encompassed in the Bromine Market report. It also entails a thorough examination of the key strategies employed by leading market players to enhance business growth on a global scale while maintaining a competitive edge. The research on the Bromine Market encompasses an evaluation of production, consumption, revenue, market share, and growth rates across the following regions: North America, Europe, Asia-Pacific, South America, the Middle East, and Africa. The application of SWOT analysis offers insights into the strengths and weaknesses of the Bromine Market .
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Bromine Market Regional Insights
Asia Pacific region holds a significant share in the bromine derivatives market with a market share of 45% in 2023 and is expected to grow with a CAGR of 5.10%, driven by rapid industrialization and urbanization in countries like China and India. In India, according to the Ministry of Statistics and Program Implementation’s Infrastructure and Project Monitoring Division, the government had 1,559 projects in the pipeline valued at INR 26.7 trillion (USD 314.22 billion) as of May 2023. Also, the Indian construction industry is expected to grow at a rate of 6.2% per year from 2023 to 2026, thanks to a strong pipeline of infrastructure projects in many sectors. The Chinese Bromine production is expected to reduce driven by a reduction in capacity owing to depleting resources that was about 4% per annum. The environmental issues and corresponding crackdowns by the authorities have also led to some production plants being shut down due to regulatory scrutiny.
Bromine Market Segmentation
by Type
Organobromines
Clear Brine Fluids
Hydrogen Bromide
by Application
Flame Retardants
Fine Chemicals
Agriculture Products
Biocides
Clear Brine Fluids
Bromide salts
Bromine Market Key Players
1. ICL Group Ltd (Israel)
2. Albemarle Corporation (US)
3. LANXESS AG (Germany)
4. Tosoh Corporation (Japan)
5. TETRA Technologies, Inc. (US)
6. Solaris Chemtech Industries Ltd (India)
7. TATA Chemicals Ltd. (India)
8. Hindustan Salts Ltd. (India)
9. Honeywell International Inc. (US)
10. Gulf Resources, Inc. (China)
11. Agrocel Industries Pvt Ltd. (India)
12. Satyesh Brinechem Pvt. Ltd. (India)
13. Perekop Bromine
14. Yuyuan Group
15. Haiwang Chemical
16. Lubei Chemical
17. Runke Chemical
18. Dadi Salt Chemical Group
19. Neogen Chemicals Ltd
20. IsraelChemicalsLtd
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Key questions answered in the Bromine Market are:
What are the Bromine Market segments?
Which Bromine Market segment is expected to grow rapidly during the forecast period?
What is the expected CAGR of the Bromine Market during the forecast period?
Who are the top players in the Bromine Market industry?
Which region is expected to grow at a high CAGR during the forecast period?
Which region held the largest Bromine Market share in 2022?
Key Offerings:
Market Overview
Market Share
Market Size
Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments, sub-segments and region
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
About Maximize Market Research:
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