Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 1,750.00 Billion |
| USD 2,413.48 Billion | |
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Global Organobromine Market, By Application (HBr Flow Battery, Pharmaceutical Formulation, Fumigants, Biocides, Flame Retardants, PTA Synthesis, Drilling, Others), End-User (Oil and Gas, Furnishing, Water Treatment, Construction, Others) – Industry Trends and Forecast to 2029.
The chemical element bromine can be obtained by electrolysis from the crust of the Earth. It has a deep red hue and a strong odour, and it dissolves in water. Around the world, it is commonly used to produce organobromine chemicals. These substances are widely used in the production of halon fire extinguishers, which stop fires from starting in places like tanks, airports, and museums.
Global organobromine market was valued at USD 1750.00 million in 2021 and is expected to reach USD 2413.48 million by 2029, registering a CAGR of 4.10% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Application (HBr Flow Battery, Pharmaceutical Formulation, Fumigants, Biocides, Flame Retardants, PTA Synthesis, Drilling, Others), End-User (Oil and Gas, Furnishing, Water Treatment, Construction, Others)
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Countries Covered
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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, South Africa, Egypt, Israel, 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
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Market Players Covered
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ICL (Israel), Albemarle Corporation (U.S.), LANXESS (Germany), Tosoh Corporation (Japan), Tata Chemicals Ltd. (India), Gulf Resources, Inc. (China), TETRA Technologies, Inc. (U.S.), Solaris Chemtech (India), Honeywell International Inc. (U.S.), Perekop Bromine (Russia), MORRE-TEC Industries (U.S.), Jordan Bromine Company (Jordan), Hindustan Salts Limited (India), Sanofi (France), Satyesh Brinechem. (India), AquaChina Chemical (Wuhan) Co.,Ltd. (China), Dhruv Chem Industries. (India)
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Market Opportunities
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Market Definition
Organobromine compounds are organic substances in which the carbon atom is bonded chemically to the element bromine. The bromomethane produced spontaneously is also seen as being widely distributed. In addition, one of the main applications is the usage of polybrominated diphenyl ethers, which are commonly used as flame retardants. There are a variety of tiny organobromine compounds in nature as well.
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
Around the world, fire-related mishaps result in the destruction of property valued at billions of dollars each year. Insurance companies must spend a large amount of their profits to settle claims for the loss of infrastructure, property, and human lives in fire catastrophes. Anti-inflammatory medications and flame retardants, for example, are crucial since they lower the risk of fire for almost every manufactured commodity. Flame retardants postpone the combustion process and hence prevent fire by forming a layer of free radicals. To stop oxidation, they either release carbon dioxide or produce free radicals that interact with oxygen molecules.
The market's expansion can be attributed to the stringent environmental regulations that support the use of bromine mostly in coal-fired power plants. The use in power plants can easily reduce the effluents that include mercury. Additionally, one of the key market drivers has been recognized as beneficial laws started by the government agencies.
Furthermore, the factors such as rising urbanization, industrialization and mounting number of exploration activities are some other important market drivers.
Opportunities
Growth and expansion of the construction industry especially in the developing economies will present many opportunities for the growth of the market. Keeping up with advancements in manufacturing/ production technology may also be beneficial for the market as a whole.
Restraints/Challenges
Flame retardants, which are brominated compounds, are routinely added to consumer items like electronics, plastics, and many others in an effort to reduce the number of people killed in fires and the amount of property damage they cause. Concerns have lately grown as a result of the harmful and toxicological consequences that this class of chemicals has on both human health and the environment. The widespread manufacturing and usage of brominated flame retardants (BFRs) leads to an increase in environmental contamination. These chemicals are dangerous to both wildlife and mammals.
This organobromine 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, geographic expansions, technological innovations in the market. To gain more info on the organobromine market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
The COVID-19 pandemic had a huge influence on the world economy, especially during the first two quarters of 2020, when widespread lockdowns and social segregation became the norm. Due to the introduction of trade restrictions and the abrupt interruption of industrial activity, it also had an impact on the cocoa processing equipment industry. Due to the significant reduction in the demand for oil prices and demand, the market stumbled.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
The organobromine market is segmented on the basis of application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Application
End-user
The organobromine market is analyzed and market size insights and trends are provided by country, application and end-user as referenced above.
The countries covered in the organobromine market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific is expected to account for a sizable portion of the global market. This can be attributed to the escalating demand for brominated flame retardants and increased use in the developing economies such as India, China and Japan.
Over the forecast period, North America is anticipated to have the highest CAGR. Over the course of the forecast period, it is expected that the demand for organobromine in the region will rise as the region is a key importer of bromine and its associated compounds.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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.
The organobromine 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 organobromine market.
Some of the major players operating in the organobromine market are
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Organobromine Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Organobromine Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.