Seattle, WA -- (SBWIRE) -- 11/07/2019 -- Bromine derivative is a chemical compoudn and can be categorized into inorganic and organic bromine derivates. Inorganic bromine derivatives class include Calcium Bromide, Potassium Bromide & Sodium Bromide whereas organic bromine derivatives include Ethylene dibromide, Methyl Bromide, Hydrobromic Acid (Hydrogen Bromide), Tetrabromobisphenol A, Decabromodiphenyl Oxide and Octabromodiphenyl oxide.

Market Dynamic

Availability of bromine feedstock in bulk and growing oil & gas exploration activities across the Asia Pacific, South America, and Africa are expected to create lucrative growth opportunities in the market in this region. Additionally, growing demand for bromine derivatives in water treatment and mercury emission control application in the power plants is projected to propel the market growth over the forecast timeline. On the flip side, strict rules and regulations imposed on the use of synthetic bromine derivatives are assumed to hamper the market growth. For instance, in 2016, the European Union (EU) published Regulation 2016/293 prohibiting hexabromocyclododecane, which is a bromine-containing flame retardant. It has applications such as filling bean bags, electrical appliances, packaging materials, textile coating additive, and upholstered furniture.

Get The Holistic SAMPLE With Research Methodology: https://www.coherentmarketinsights.com/insight/request-sample/2060

Market Outlook

Out of the application segment, flame retardant has accounted for holding the largest share in 2017 and is expected to lead the market over the forecast period (2018-25). A growing number of accidents caused by a fire are fueling the demand for bromine-based flame retardants. According to the National Fire Protection Association (NFPA), between 2011 and 2015, municipal fire departments in the U.S. responded to an average of 37,910 fires at industrial or manufacturing properties every year with annual losses from these fires estimated at 16 civilian deaths, 273 civilian injures, and US$ 1.2 billion in direct property damage totally.

The chemical industry has emerged as the largest end-user industry in 2017. This can be attributed to the growing application of bromine derivatives across the chemical industry. The Asia Pacific is projected to be the fastest-growing region during the forecast period owing to the availability of bromine derivatives in bulk coupled with the Expanding Chemical, pharmaceutical, Personal Care companies into emerging economies such as China and India, this is expected to provide immense growth opportunity to the market.

Key Players

Key players operating in the global Bromine Derivatives market include Israel Chemicals Limited, Albemarle Corporation, LANXESS (Chemtura Corporation), Jordan Bromine Corporation, Tosoh Corporation, Tata Chemicals Limited, Gulf Resource Inc., TETRA Technologies Inc., Honeywell International Inc., and Perekop Bromine Factory among others.

Market Segmentation

By Derivative

- Inorganic Bromine Derivative

- Organic Bromine Derivative

By Application

- Flame Retardants

- Mercury Emission Control

- Clear Brine Fluids

- Organic Intermediates

- Industrial

- Water Treatment

- Fumigants

By End-Use Industry

- Chemicals

- Agriculture

- Pharmaceuticals

- Personal Care

- Paper & Textile

- Others (Food, Electronics, Automotive, etc.)

By Region

- North America

- South America

- Europe

- Asia Pacific

- Middle East & Africa

Buy This Complete A Business Report: https://www.coherentmarketinsights.com/insight/buy-now/2060

About Coherent Market Insights
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.