Bromine Derivatives Market
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<strong>Bromine</strong> <strong>Derivatives</strong> <strong>Market</strong>- Global Industry<br />
Insight, Trends, Outlook, and Opportunity<br />
Analysis 2017-2025<br />
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REPORT DESCRIPTION<br />
<strong>Bromine</strong> <strong>Derivatives</strong> <strong>Market</strong> Overview<br />
<strong>Bromine</strong> derivatives are mainly categorized into two segments, inorganic bromine derivative and organic bromine<br />
derivatives. Inorganic bromine derivatives mainly includes Calcium Bromide, Potassium Bromide & Sodium<br />
Bromide. Organic bromine derivatives includes Ethylene dibromide, Methyl Bromide, Hydrobromic Acid<br />
(Hydrogen Bromide), Tetrabromobisphenol A, Decabromodiphenyl Oxide and Octabromodiphenyl oxide.<br />
<strong>Market</strong> Dynamics<br />
Bulk availability of bromine feedstock and increasing oil & gas exploration activities in Asia Pacific, South<br />
America, and Africa are creating highly conductive environment for growth of bromine derivatives market in<br />
these regions. In addition to this, increasing demand for bromine derivatives in water treatment and Mercury<br />
Emission Control by power plants is expected to have positive impact on growth of the market in the near future.<br />
However, stringent regulations imposed on use of synthetic bromine derivatives is a major challenge for market<br />
growth. For instance, in 2016, European Union (EU) published Regulation 2016/293 prohibiting<br />
hexabromocyclododecane, which is a bromine containing flame retardant. It has applications such as filling bean<br />
bags, electrical appliances, packaging materials, textile coating additive, and upholstered furniture.<br />
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REPORT DESCRIPTION<br />
<strong>Market</strong> Taxonom<br />
On the basis of derivative, the global bromine derivatives market is segmented into:<br />
➢<br />
Inorganic <strong>Bromine</strong> Derivative<br />
➢<br />
Calcium Bromide & Bromate<br />
➢<br />
Potassium Bromide & Bromate<br />
➢<br />
Sodium Bromide & Bromate<br />
➢<br />
Organic <strong>Bromine</strong> Derivative<br />
➢<br />
Ethylene dibromide<br />
➢<br />
Methyl Bromide<br />
➢<br />
Hydrobromic Acid<br />
➢<br />
Others (Tetrabromobisphenol A, Decabromodiphenyl oxide and octabromodiphenyl oxide etc.)<br />
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REPORT DESCRIPTION<br />
<strong>Market</strong> Outlook<br />
Among application, flame retardant segment accounted for the highest market share in 2017. The segment is<br />
expected to lead the market throughout the forecast period (2018-25). Rising fire accidents globally has resulted<br />
in increasing demand for bromine based flame retardants. According to the National Fire Protection Association<br />
(NFPA), between 2011 and 2015, municipal fire departments in the U.S. responded to an average of 37,910 fires<br />
at industrial or manufacturing properties every year with annual losses from these fires estimated at 16 civilian<br />
deaths, 273 civilian injures, and US$ 1.2 billion in direct property damage totally.<br />
Among end-use industries, chemical segment dominated in the market in 2017. Owing to extensive applications<br />
of bromine derivatives in chemical industries, the segment is projected to maintain dominant position in the<br />
market over the forecast period.<br />
Asia Pacific is projected to be the fastest growing region in the market over the forecast period. Key factors such<br />
as bulk availability of <strong>Bromine</strong> Feedstock, and rapid penetration of Chemical, pharmaceutical, Personal Care<br />
companies into emerging economies such as China and India are creating immense opportunities for growth of<br />
bromine derivatives market.<br />
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