What Are The Segments Covered In The Bromine Derivatives Industry Report ? – UNLV The Rebel Yell – UNLV The Rebel Yell

The Bromine Derivatives Market 2021-2027 research report analyzes the current as well as future aspects of the industry & presents leading regions, growth trends & strategies of the key players which is bound to impact the global Bromine Derivatives industry share in various end-use applications.

The research analyst provides comprehensive data, which enhances the growth of the industries. This report focuses on the basic requirement strategies of the businesses, which helps to enlarge the productivity. Additionally, it offers different market segments, such as application, types, size, end-users, cost, etc.

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[Note: *The PDF Brochure Includes

1) Table of Content (ToC),
2) Research Framework of the actual report, and
3) Research Methodology adopted for it.]

Bromine is a chemical compound with atomic number 35 and a third-lightest halogen compound. It is a fuming red-brown liquid at room temperature and its properties are almost similar to chlorine and iodine. Bromine derivatives are widely used in the controlling mercury emission and halogenated flame retardants. Moreover, bromine derivatives are also used in the manufacturing of rechargeable batteries. Some of the end-use application of bromine derivatives are pharmaceuticals, agriculture, and electronics, along with growing construction.

The global bromine derivatives market was valued at US$ 3,973.7 Mn in 2018 and is expected to reach US$ 5,628.9 Mn by the end of 2027, growing at a CAGR of 4.0% during the forecast period (2019 to 2027).

Market Restraints

Rising usage of non-halogenated flame retardants as bromine flame retardant is banned across most of the regions such as Europe and North America, due to their neurodevelopmental toxicity, thyroid effects, and other side-effects on human health. Therefore, rising concerns over halogenated flame retardants are projected to hamper the market growth of bromine derivative over the forecast period. For instance, in February 2018, The EU banned exports of four brominated flame retardants and three other substances, under amendments made to legislation controlling the trade of very hazardous chemicals. This is expected to hinder the market growth of bromine derivative.

Market Opportunities

Growing application of bromine derivative such as Zinc bromide (ZnBr2) which is used in the transparent shield against radiation is projected to propel the market growth of the bromine derivative. Rising demand for Zinc bromide (ZnBr2) from rechargeable batteries is also expected to foster the market growth of the bromine derivative. Furthermore, the growing application of bromine in the production of oxidizing biocides are also expected to augment the market growth over the forecast period.

Market Trends/Key Takeaways

Rising usage of bromine-based oxidizing biocides for cooling towers, swimming pools, sanitary disinfection, and treatment of municipal sewage is expected to augment the market growth over the forecast period. Rising investment by developed countries such as North America is also projected to fuel market growth. For instance, in July 2018, Lanxess announced multiple project expansion plans across the region by 2022, which also includes an investment of USD 60 million in the global bromine reservoir site.

In Addition, The Years Considered For The Study Are As Follows:

Historical year – 2014 to 2018
Base year – 2019
Forecast period – 2020 to 2026