Global Bromine Market is classified on the basis of application
as flame retardants, biocides, organic intermediates, PTA synthesis, plasma
etching and oil & gas drilling. Among the applications, oil & gas
drilling is anticipated to hold a significant share of the Global Bromine
Industry. Global Bromine Market is classified on the basis of end user as
chemicals, pharmaceuticals, cosmetics, textile, pesticides, automotive and
others. Among the end users, the chemicals segment is expected to hold a
considerable share of the Global Bromine Industry.
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Global Bromine Market is classified on the basis of
derivative, application, end user, and geography. Bromine is a colorless
soluble crystalline mineral halide salt which is extracted from brine pools.
Bromine is a naturally occurring element, found in sea, lakes, and underground
wells. Bromine is mostly used in biocides, water treatment plants and
pharmaceutical industries due to its property of catalyst and reactant. Bromine
and its derivatives have extensive application in many industries such as oil
and gas industry. The key factors that propel the growth of the Global Bromine
Industry include extensive range of applications. The growing demand in
numerous applications such as biocides, flame retardants, oil & gas
drilling, plasma etching, and son on fuel the growth of the market.
On the other hand, there are also factors that may hamper
the growth of the market such as high toxicity of brominated flame retardants,
increasing environmental concern towards water and soil and presence of
stringent regulatory for use of bromine. Global Bromine Market is classified on
the basis of derivative as clear brine fluids, hydrogen bromide and
organobromines. Among the derivatives, organ bromines are projected to account
a large share of the Global Bromine Industry.
The key factor that drives the growth of organobromines
segment is owing to its wide range of applications. Organobromine like
tetrabromobisphenol-A is used as a flame retardant in the electronics and
automotive industries and ethylene and methyl bromides are used as fumigants in
the agriculture industry. They are used in dyes as well as in the
pharmaceutical industry. They are also used as biocides in water treatment
applications as they inhibit the growth of algae, bacteria, and other
microorganisms in water.
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