PUBLISHER: Lucintel | PRODUCT CODE: 1456062
PUBLISHER: Lucintel | PRODUCT CODE: 1456062
Bromine Derivative Trends and Forecast
The future of the global bromine derivative market looks promising with opportunities in the flame retardant, safety apparel, organic intermediate, oil & gas drilling, biocides, and PTA synthesis markets. The global bromine derivative market is expected to reach an estimated $1.4 billion by 2030 with a CAGR of 5.3% from 2024 to 2030. The major drivers for this market are increasing flame retardant demand as a result of greater disposable income, growing use of bromine and its derivatives in the coal business to reduce mercury elements, as well as growing demand for bromine derivatives in the water treatment industry.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Bromine Derivative by Segment
The study includes a forecast for the global bromine derivative by derivative, application, end use, and region.
List of Bromine Derivative Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies bromine derivative companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the bromine derivative companies profiled in this report include-
Bromine Derivative Market Insights
Lucintel forecasts that sodium bromide will remain the largest segment over the forecast period due to rising government regulations mercury emission from coal fired powder.
North America will remain the largest region over the forecast period due to increasing use of bromine and its derivatives in the coal field to reduce the amount of mercury elements in the area, as well as increasing demand for bromine derivatives in the water treatment and automotive industries.
Features of the Global Bromine Derivative Market
Market Size Estimates: Bromine derivative market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Bromine derivative market size by derivative, application, end use, and region in terms of value ($B).
Regional Analysis: Bromine derivative market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different derivative, application, end use, and regions for the bromine derivative market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the bromine derivative market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the bromine derivative market size?
Answer: The global bromine derivative market is expected to reach an estimated $1.4 billion by 2030.
Q2. What is the growth forecast for bromine derivative market?
Answer: The global bromine derivative market is expected to grow with a CAGR of 5.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the bromine derivative market?
Answer: The major drivers for this market are increasing flame retardant demand as a result of greater disposable income, growing use of bromine and its derivatives in the coal business to reduce mercury elements, as well as growing demand for bromine derivatives in the water treatment industry.
Q4. What are the major segments for bromine derivative market?
Answer: The future of the global bromine derivative market looks promising with opportunities in the flame retardant, safety apparel, organic intermediate, oil & gas drilling, biocides, and PTA synthesis markets.
Q5. Who are the key bromine derivative market companies?
Answer: Some of the key bromine derivative companies are as follows:
Q6. Which bromine derivative market segment will be the largest in future?
Answer: Lucintel forecasts that sodium bromide will remain the largest segment over the forecast period due to rising government regulations mercury emission from coal fired powder.
Q7. In bromine derivative market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing use of bromine and its derivatives in the coal field to reduce the amount of mercury elements in the area, as well as increasing demand for bromine derivatives in the water treatment and automotive industries.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.