The Bromine Derivatives market conditions have improved speedily due to the occurrence of Coronavirus. Bromine is extensively used as an anti-convulsants in the pharmaceutical industry and is also used in the formulation of analgesics, antihistamines medicines, and sedatives.
Adroit Market Research study on the global market for Bromine Derivatives offers a holistic view of the industry from 2020 to 2028 as a forecast period, including factors such as market drivers, limitations, opportunities, threats, and regulatory overview. The market has been analyzed from 2018 to 2028, with a base year estimate of 2019 and a projection from 2020 to 2028. The report covers the current status and potential characteristics of the market at both the global and the country level. Moreover, the report also assesses market competition with Porter's analysis of five strengths and places leading players based on their product range, regional presence, strategic initiatives, and overall sales. Prominent players in the global bromine derivatives market have been analyzed in depth.
Based on the application, the increasing number of activities in the oil and gas industries which implements techniques such as horizontal drilling and hydraulic fracturing, which mainly needs bromine derivatives as the drilling fluids, and similarly for removing petrol product driving the target market growth. Furthermore, the growing use of bromine derivatives in numerous industries such as electronics, pharmaceuticals, and construction also inclines to boost the target market growth.
Based on the region, the Asia Pacific arose as one of the major consumers of bromine derivatives in terms of volume and the demand is projected to grow speedily in the given timeframe. The growing use of bromine derivatives in China and India along with rising industrial activities is expected to propel the target market in the coming years. In turn, it will contribute lion’s market share in the Asia Pacific region.
The key players of global Bromine Derivatives market report include- Albemarle Corporation, Lanxess Corporation, Morre-Tec Industries, Inc., Honeywell International Inc., Tata Chemicals Ltd., Tosoh Corporation, Tetra Technologies Inc., Hindustan Salts Ltd., Israel Chemicals Limited, Jordan Bromine Company Ltd., and Beacon Organosys.
Key Segments of the Global Bromine Derivatives Market
Application Overview, 2018-2028 (USD Million)
- Water Treatment
- PTA Synthesis
- Oil & Gas Drilling
- Mercury Emission Control
Derivatives Overview, 2018-2028 (USD Million)
- Organ bromine
- Hydrogen Bromide
- Clear Brine Fluids
Regional Overview, 2018-2028 (USD Million)
- Rest of Europe
- Rest of Asia-Pacific
Middle East and Africa
- South Africa
- Rest of Middle East and Africa
- Rest of South America