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Bromine Derivatives Market Forecast to 2027 – Analysis by Product Type, Indication, End User, and Geography – Taiwan News

Report Ocean published a new report on the bromine derivatives market. The study includes an in-depth analysis of regional trends and market growth in North America, Europe, Asia-Pacific, and Middle East Africa. This study report also examines the challenges that are negatively impacting the industry’s growth and outlines a strategy adopted by companies during 2021 to 2027.

The bromine derivatives market valued at $826.2 million in 2020. The market is forecast to grow at a CAGR of 4.9% during the forecast period from 2021-2027.

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An element of non-metallic nature, bromine exists at room temperature as a reddish-brown liquid and it has properties almost identical to chlorine and iodine and has a choking and irritating smell. It is possible to make bromine derivatives by making sodium bromide (NaBr), zinc bromide (ZnBr2), calcium bromide (CaBr), among other substances. The petroleum industry, pharmaceutical industry, construction industry, and many others use bromine derivatives. Typical applications of bromine derivatives are the control of halogenated flame retardant emissions and mercury emissions. Additionally, bromine derivatives play a crucial role in the development of rechargeable batteries for electronic devices. The extraction of crude oil, for example, is done with bromine derivatives.

Factors Affecting the Global Bromine Derivatives Market

Bromine derivatives are expected to grow in popularity due to the growing demand for them in the automotive and consumer electronic sectors.

In the coming years, bromine derivatives will be used in the drilling of liquids for extracting petroleum products, which will boost the market growth for bromine derivatives.

Bromine derivatives will experience continued growth in the global market due to the growing application in the textile industry coupled with the significant growth of urbanization.

Potential restraints to the market growth are the rising concerns regarding halogenated flame retardants.

With the advancement in technology, the increasing application of bromine derivatives like zinc bromide (ZnBr2), which is used in radiation shields, and the potential for growth in emerging markets there are favorable growth prospects.

Covid-19 Effects on the Global Bromine Derivatives Market

There was a price war in crude oil during the lockdown due to extensive supply and reduced demand. Despite this, oil production continues to dominate the bromine derivatives market due to its extensive output.

Bromine derivatives have been adversely affected by the decrease in exports and imports. This has a negative impact on industries that utilize bromine derivatives and has further adverse effects on the market for bromine derivatives.

This will cause a reduction in sales of bromine derivatives as a result of a decrease in the supply of the workforce, resulting in a decline in production. In the forecast period, this will likely affect the market’s growth.

The automotive industry reported a decrease in passenger and commercial vehicles on road (in 2020) amid the Covid-19 outbreak lockdown. Further decreasing bromine derivatives demand has been caused by an interrupted supply chain, leading to the hampered bromine derivatives market.

Amid a lockdown, numerous large projects were put on hold due to the outbreak of the Covid-19 pandemic. Therefore, the global market for bromine derivatives declined as a result of a decline in demand.

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Regional Analysis of the Global Bromine Derivatives Market

The largest market share belongs to Asia-Pacific. China and India are experiencing booming consumption and manufacturing activities, which have prompted many companies to have full-scale operations in the Asia Pacific region. Several companies are focusing heavily on research and development activities, and ongoing projects will boost the Asia Pacific market shortly.

Key Companies in the Global Bromine Derivatives Market

Several prominent companies in the global bromine derivatives market are:

Hindustan Salts Limited

Gulf Resources Inc

Perekop Bromine

Honeywell International Inc

Albemarle Corporation

LANXESS Corporation

Tata Chemicals Limited

Israel Chemicals Limited

TETRA Technologies, Inc.

Tosoh Corporation

Other Prominent Players

Aim of the Report: The Global Bromine Derivatives Market

The global bromine derivatives market is segmented by Derivative, End-Use, Application, and Region.

Segmentation based on Derivative

Brominated Polystyrene

Tetrabromobisphenol A

Calcium Bromide

Sodium Bromide

Zinc Bromide

Hydrobromic Acid

Decabromodiphenyl Ethane (DBDPE)


Segmentation based on End-Use



Oil & Gas




Segmentation based on Application

Flame Retardants

Organic Intermediates

Oil & Gas Drilling


PTA Synthesis


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Segmentation based on Region

North America

The U.S.




Western Europe

The UK





Rest of Western Europe

Eastern Europe



Rest of Eastern Europe

Asia Pacific




Australia & New Zealand


Rest of Asia Pacific

Middle East & Africa (MEA)


Saudi Arabia

South Africa

Rest of MEA

South America



Rest of South America

Aim of the Report

This study aims to determine the market size of various segments and countries with forecast values for next ten years.

Within the regions and countries studied, the report covers both qualitative and quantitative aspects of the industry.

It also provides detailed information about the crucial aspects such as drivers & challenges that will influence the market’s future growth.

The report will also include investment opportunities in micro markets for stakeholders. In addition, an in-depth analysis of key players’ products and the competitive landscape.

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