NEW YORK, Dec. 20, 2022 /PRNewswire/ -- The bromine market size is forecast to increase by USD 964.37 million from 2022 to 2027, at a CAGR of 4.02%, according to the recent market study by Technavio. The growth of the market will be driven by the growth of oil and gas industry, the increased demand for flame retardants, and the rise in demand from developing economies.
Technavio categorizes the global bromine market as a part of the global diversified chemicals market, which covers companies engaged in the manufacturing of a diverse range of chemical products that are not included in the categories of industrial gases, commodity chemicals, specialty chemicals or fertilizers, and agricultural chemicals. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download The Sample Report
Technavio has extensively analyzed 15 major vendors, including Agrocel Industries Pvt. Ltd., Albemarle Corp., Archean Chemical Industries Ltd., BEACON ORGANOSYS, Dhruv Chem Industries, Gulf Resources Inc., Hindustan Salts Ltd., Honeywell International Inc., Israel Chemicals Ltd., Lanxess AG, Mody Chemi Pharma Ltd., Morre Tec Industries, Pacific Organics Pvt. Ltd., Sahayamatha Salterns Pvt. Ltd., Sangfroid Chemicals Pvt. Ltd., Solaris Chemtech, Tata Chemicals Ltd., TETRA Technologies Inc., Tosoh Corp., and Yogi Intermediates Pvt. Ltd.
Key benefits for industry players and stakeholders –
- The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
- It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
- The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio
- One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
- Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between NEUTRAL and HIGH.
- Furthermore, market adoption rates for all regions have been covered.
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The market is segmented by type (hydrogen bromide, organobromine compounds, bromine fluids, and others), application (flame retardants, drilling fluids, water treatment, agriculture, and others), and geography (APAC, Middle East and Africa, Europe, North America, and South America).
Segmentation by type (Inclusion/Exclusion)
The hydrogen bromide segment will contribute significantly to the market's growth during the forecast period. Hydrogen bromide and its aqueous solution are popular reagents used in the synthesis of bromide compounds. Hydrogen bromides are created by mixing hydrogen and bromine at temperatures ranging from 200 degrees Celsius to 400 degrees Celsius. Platinum is generally used to accelerate the process. Inhaling HBr is extremely corrosive and unpleasant. This segment holds the largest market share and is expected to remain the dominant segment of the bromine market during the forecast period.
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What are the key data covered in this bromine market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the Bromine Market between 2023 and 2027
- Precise estimation of the size of the Bromine Market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the Bromine Market industry across APAC, Middle East and Africa, Europe, North America, and South America
- A thorough analysis of the market's competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of Bromine Market vendors
Bromine Market Scope |
|
Report Coverage |
Details |
Page number |
168 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.02% |
Market growth 2023-2027 |
USD 964.37 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
3.15 |
Regional analysis |
APAC, Middle East and Africa, Europe, North America, and South America |
Performing market contribution |
APAC at 40% |
Key countries |
US, Saudi Arabia, China, Japan, and India |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Agrocel Industries Pvt. Ltd., Albemarle Corp., Archean Chemical Industries Ltd., BEACON ORGANOSYS, Dhruv Chem Industries, Gulf Resources Inc., Hindustan Salts Ltd., Honeywell International Inc., Israel Chemicals Ltd., Lanxess AG, Mody Chemi Pharma Ltd., Morre Tec Industries, Pacific Organics Pvt. Ltd., Sahayamatha Salterns Pvt. Ltd., Sangfroid Chemicals Pvt. Ltd., Solaris Chemtech, Tata Chemicals Ltd., TETRA Technologies Inc., Tosoh Corp., and Yogi Intermediates Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of contents
1 Executive summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Derivative Type
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic market size
- 4.1 Global bromine market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global bromine market 2017 - 2021 ($ million)
- 4.2 Derivative type Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Derivative type Segment 2017 - 2021 ($ million)
- 4.3 Application Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five forces analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market segmentation by derivative type
- 6.1 Market segments
- Exhibit 30: Chart on Derivative Type - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Derivative Type - Market share 2022-2027 (%)
- 6.2 Comparison by Derivative Type
- Exhibit 32: Chart on Comparison by Derivative Type
- Exhibit 33: Data Table on Comparison by Derivative Type
- 6.3 Hydrogen bromide - Market size and forecast 2022-2027
- Exhibit 34: Chart on Hydrogen bromide - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Hydrogen bromide - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Hydrogen bromide - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Hydrogen bromide - Year-over-year growth 2022-2027 (%)
- 6.4 Organobromine compounds - Market size and forecast 2022-2027
- Exhibit 38: Chart on Organobromine compounds - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Organobromine compounds - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Organobromine compounds - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Organobromine compounds - Year-over-year growth 2022-2027 (%)
- 6.5 Bromine fluids - Market size and forecast 2022-2027
- Exhibit 42: Chart on Bromine fluids - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Bromine fluids - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Bromine fluids - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Bromine fluids - Year-over-year growth 2022-2027 (%)
- 6.6 Others - Market size and forecast 2022-2027
- Exhibit 46: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.7 Market opportunity by Derivative Type
- Exhibit 50: Market opportunity by Derivative Type ($ million)
7 Market segmentation by application
- 7.1 Market segments
- Exhibit 51: Chart on Application - Market share 2022-2027 (%)
- Exhibit 52: Data Table on Application - Market share 2022-2027 (%)
- 7.2 Comparison by Application
- Exhibit 53: Chart on Comparison by Application
- Exhibit 54: Data Table on Comparison by Application
- 7.3 Flame retardants - Market size and forecast 2022-2027
- Exhibit 55: Chart on Flame retardants - Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Flame retardants - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Flame retardants - Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Flame retardants - Year-over-year growth 2022-2027 (%)
- 7.4 Drilling fluids - Market size and forecast 2022-2027
- Exhibit 59: Chart on Drilling fluids - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Drilling fluids - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Drilling fluids - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Drilling fluids - Year-over-year growth 2022-2027 (%)
- 7.5 Water treatment - Market size and forecast 2022-2027
- Exhibit 63: Chart on Water treatment - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Water treatment - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Water treatment - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Water treatment - Year-over-year growth 2022-2027 (%)
- 7.6 Agriculture - Market size and forecast 2022-2027
- Exhibit 67: Chart on Agriculture - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Agriculture - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Agriculture - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Agriculture - Year-over-year growth 2022-2027 (%)
- 7.7 Others - Market size and forecast 2022-2027
- Exhibit 71: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.8 Market opportunity by Application
- Exhibit 75: Market opportunity by Application ($ million)
8 Customer landscape
- 8.1 Customer landscape overview
- Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic landscape
- 9.1 Geographic segmentation
- Exhibit 77: Chart on Market share by geography 2022-2027 (%)
- Exhibit 78: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 79: Chart on Geographic comparison
- Exhibit 80: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 89: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 North America - Market size and forecast 2022-2027
- Exhibit 93: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 97: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 US - Market size and forecast 2022-2027
- Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.10 Japan - Market size and forecast 2022-2027
- Exhibit 109: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 110: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 111: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 112: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.11 India - Market size and forecast 2022-2027
- Exhibit 113: Chart on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 114: Data Table on India - Market size and forecast 2022-2027 ($ million)
- Exhibit 115: Chart on India - Year-over-year growth 2022-2027 (%)
- Exhibit 116: Data Table on India - Year-over-year growth 2022-2027 (%)
- 9.12 Saudi Arabia - Market size and forecast 2022-2027
- Exhibit 117: Chart on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
- Exhibit 118: Data Table on Saudi Arabia - Market size and forecast 2022-2027 ($ million)
- Exhibit 119: Chart on Saudi Arabia - Year-over-year growth 2022-2027 (%)
- Exhibit 120: Data Table on Saudi Arabia - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 121: Market opportunity by geography ($ million)
10 Drivers, challenges, and trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 122: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 123: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 124: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 125: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 126: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 127: Matrix on vendor position and classification
- 12.3 Agrocel Industries Pvt. Ltd.
- Exhibit 128: Agrocel Industries Pvt. Ltd. - Overview
- Exhibit 129: Agrocel Industries Pvt. Ltd. - Product / Service
- Exhibit 130: Agrocel Industries Pvt. Ltd. - Key offerings
- 12.4 Albemarle Corp.
- Exhibit 131: Albemarle Corp. - Overview
- Exhibit 132: Albemarle Corp. - Business segments
- Exhibit 133: Albemarle Corp. - Key news
- Exhibit 134: Albemarle Corp. - Key offerings
- Exhibit 135: Albemarle Corp. - Segment focus
- 12.5 Archean Chemical Industries Ltd.
- Exhibit 136: Archean Chemical Industries Ltd. - Overview
- Exhibit 137: Archean Chemical Industries Ltd. - Product / Service
- Exhibit 138: Archean Chemical Industries Ltd. - Key offerings
- 12.6 BEACON ORGANOSYS
- Exhibit 139: BEACON ORGANOSYS - Overview
- Exhibit 140: BEACON ORGANOSYS - Product / Service
- Exhibit 141: BEACON ORGANOSYS - Key offerings
- 12.7 Dhruv Chem Industries
- Exhibit 142: Dhruv Chem Industries - Overview
- Exhibit 143: Dhruv Chem Industries - Product / Service
- Exhibit 144: Dhruv Chem Industries - Key offerings
- 12.8 Gulf Resources Inc.
- Exhibit 145: Gulf Resources Inc. - Overview
- Exhibit 146: Gulf Resources Inc. - Business segments
- Exhibit 147: Gulf Resources Inc. - Key offerings
- Exhibit 148: Gulf Resources Inc. - Segment focus
- 12.9 Hindustan Salts Ltd.
- Exhibit 149: Hindustan Salts Ltd. - Overview
- Exhibit 150: Hindustan Salts Ltd. - Business segments
- Exhibit 151: Hindustan Salts Ltd. - Key offerings
- Exhibit 152: Hindustan Salts Ltd. - Segment focus
- 12.10 Honeywell International Inc.
- Exhibit 153: Honeywell International Inc. - Overview
- Exhibit 154: Honeywell International Inc. - Business segments
- Exhibit 155: Honeywell International Inc. - Key news
- Exhibit 156: Honeywell International Inc. - Key offerings
- Exhibit 157: Honeywell International Inc. - Segment focus
- 12.11 Israel Chemicals Ltd.
- Exhibit 158: Israel Chemicals Ltd. - Overview
- Exhibit 159: Israel Chemicals Ltd. - Business segments
- Exhibit 160: Israel Chemicals Ltd. - Key news
- Exhibit 161: Israel Chemicals Ltd. - Key offerings
- Exhibit 162: Israel Chemicals Ltd. - Segment focus
- 12.12 Lanxess AG
- Exhibit 163: Lanxess AG - Overview
- Exhibit 164: Lanxess AG - Business segments
- Exhibit 165: Lanxess AG - Key offerings
- Exhibit 166: Lanxess AG - Segment focus
- 12.13 Mody Chemi Pharma Ltd.
- Exhibit 167: Mody Chemi Pharma Ltd. - Overview
- Exhibit 168: Mody Chemi Pharma Ltd. - Product / Service
- Exhibit 169: Mody Chemi Pharma Ltd. - Key offerings
- 12.14 Morre Tec Industries
- Exhibit 170: Morre Tec Industries - Overview
- Exhibit 171: Morre Tec Industries - Product / Service
- Exhibit 172: Morre Tec Industries - Key offerings
- 12.15 Pacific Organics Pvt. Ltd.
- Exhibit 173: Pacific Organics Pvt. Ltd. - Overview
- Exhibit 174: Pacific Organics Pvt. Ltd. - Product / Service
- Exhibit 175: Pacific Organics Pvt. Ltd. - Key offerings
- 12.16 TETRA Technologies Inc.
- Exhibit 176: TETRA Technologies Inc. - Overview
- Exhibit 177: TETRA Technologies Inc. - Business segments
- Exhibit 178: TETRA Technologies Inc. - Key offerings
- Exhibit 179: TETRA Technologies Inc. - Segment focus
- 12.17 Tosoh Corp.
- Exhibit 180: Tosoh Corp. - Overview
- Exhibit 181: Tosoh Corp. - Business segments
- Exhibit 182: Tosoh Corp. - Key offerings
- Exhibit 183: Tosoh Corp. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 184: Inclusions checklist
- Exhibit 185: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 186: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 187: Research methodology
- Exhibit 188: Validation techniques employed for market sizing
- Exhibit 189: Information sources
- 13.5 List of abbreviations
- Exhibit 190: List of abbreviations
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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