Global Calcium Bromide Market, By Type (7774-34-7 Hexahydrate, 7789-41-5 Anhydrous, 22208-73-7 Dihydrate), Product (Technically Specified Rubber (TSR), Ribbed Smoked Sheet (RSS), Latex, Others), Application (Clear Brine Fluid, Oxidizer), End User (Oil and Gas, Automotive, Gloves, Footwear, Belting and Hose, Power Generation, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Calcium Bromide Market
Calcium bromide market size is expected to grow at a compound annual growth rate of 3.50% for the forecast period of 2021 to 2028. Data Bridge Market Research report on calcium bromide market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Calcium bromide is a type of white powder that is odorless and produced from a calcium salt of hydrobromic acid, a volatile acid used to invent other industrial compounds. Calcium bromide has a density of 14.2 lbs/gal, regarded as clear brine fluid and used with calcium chloride in oil & gas completion and drilling operations to make the drill cuttings brine free.
The calcium bromide market is anticipated to witness tremendous growth in the forecast period which is attributed to the rapidly increasing demand from coal-fired plants, which have the responsibility and obligation to lessen mercury emissions. Also, the increase in exploration and extraction activity in the oil and gas industry is also boosting the scope for calcium bromide application and is acting as a key determinant favoring the growth of the market over the forecast period of 2021 to 2028. The primary factor accountable for the market's growth is that calcium bromide is gaining importance in the oil and gas drilling industry as a healthier alternative to conventional drilling fluids. Besides this, the escalating exploration and production of off-deep sea reserves and increasing horizontal drilling instances due to complexities in reservoirs are also flourishing the growth of the target market. Furthermore, calcium bromide also finds applications in hydraulic fluids, neuroses medication, automotive suspension, brominated flame retardants, and photography for making dry plates and light-sensitive papers that are acting as a key driver towards the growth of the calcium bromide market. However, the formulation of stringent government regulations encouraging the usage of halogenated flame retardants in various countries is expected to decrease calcium bromide consumption. This may act as a key restraint towards calcium bromide market growth rate in the forecast period of 2021 to 2028.
Furthermore, the constant efforts from various developing nations to acquire energy security will further offer a variety of growth opportunities for the calcium bromide market in the above-mentioned forecast period.
This calcium bromide market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on calcium bromide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Calcium Bromide Market Scope and Market Size
Calcium bromide market is segmented on the basis of type, product, application and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on type, the calcium bromide market is segmented into7774-34-7 hexahydrate, 7789-41-5 anhydrous and 22208-73-7 dihydrate.
- On the basis of product, the calcium bromide market is segmented into technically specified rubber (TSR), ribbed smoked sheet (RSS), latex and others.
- On the basis of application, the calcium bromide market is segmented into clear brine fluid and oxidizer.
- The end user segment for calcium bromide market is segmented into oil and gas, automotive, gloves, footwear, belting and hose, power generation and others.
Calcium Bromide Market Country Level Analysis
Calcium bromide market is analyzed and market size, volume information is provided by country, type, product, application and end user as referenced above.
The countries covered in the calcium bromide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America leads the calcium bromide market owing to the escalating exploration and extraction activities and large share of crude oil production within this particular region. Asia-Pacific is expected to expand at a significant growth rate of 2021 to 2028 because of the rapid industrialization within the region.
The country section of the calcium bromide market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Calcium Bromide Market Share Analysis
Calcium bromide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to calcium bromide market.
The major players covered in the calcium bromide market report are TETRA Technologies, Inc, Albemarle Corporation, LANXESS, ICL Industrial Products, SAMUH LAXMI CHEMICALS (BOM) P. LTD., Spirochem Lifesciences Pvt Ltd., JBC, IRO GROUP INC., Innophos, J.R. Simplot Company, Universal Drilling Fluids, Chemcon Speciality Chemicals Ltd., Weifang Taihexing Chemical Industry Co. Ltd., PARTH INDUSTRIES, Yogi Intermediates PVT LTD, Neogen Chemical Limited, Haihang Industry, Merck KGaA, HARIKRISHNA ENTERPRISE and SHANDONG DONGXIN NEW Materials Technology Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-