Bromine is a chemical element with the symbol Br & atomic number 35. It is the third-lightest halogen and is a volatile red-brown liquid at room temperature that evaporates to form a similarly colored vapor. Bromine is used to make paints, fumigants, sanitizers, flameproofing agents, water purification compounds, agents for photography, emulsifiers in vegetable oils, and citrus-flavored beverages. It is also used as a disinfectant for surfaces due to its harmful effect on microorganisms. The main types of bromine derivatives are organobromine, clear brine liquid, and hydrogen bromide. Automobiles, agriculture, and electronics are some of the major end-user industries of bromine.
Bromine Market is valued at USD 3321.4 Million in 2021 and is expected to reach USD 4520.0 Million by 2028 with a CAGR of 4.5% over the forecast period.
The Covid-19 pandemic has negatively impacted the growth of the global bromine market. Due to this lockdown, the consumer market has suddenly started showing zero interest in buying any goods. One of the major issues facing the market is the closure of all modes of transport. The bromine market was slowed down by the global crisis for all sectors, including shipping, as demand for goods production and exports fell.
Increasing demand for flame retardants, rising demand for bromine in oil and gas drilling, and growing use of hydrogen bromide in flow batteries are some of the major factors driving the growth of the Global Bromine Market.
Lanxess Corporation is a German specialty chemical Company. established In 2004 and Its headquartered at Kennedy platz 1, Koeln, North Rhine-Westphalia, Germany. Specialties in development, manufacturing, and marketing of chemical intermediates, additives, specialty chemicals, and modern plastics. Lanxess Corporation had nearly 14,866 Employees and had revenue of $7 Billion.
ICL Group is an Israel Based multi-national Chemical manufacturing company established In 1968. and Its headquartered at Millennium Tower, 23 Aranha St, P.O. Box 20245, Tel Aviv, Tel Aviv, Israel. Specialties in the development, production, and market of fertilizers, metals, and other special-purpose chemical products. ICL produces approximately a third of the world's bromine. ICL Group had nearly 12,269 Employees and had revenue of $ 6 Billion.
Tosoh Corporation is a Japanese Based multinational chemical and specialty materials company established In 1935. and It is headquartered at 3600 Gantz Rd, Grove City, Ohio, 43123, United States. Specialties in the manufacturer of Chlor-alkali and petrochemical commodities and feedstocks And it produces other kinds of products including electrolytic manganese dioxide (EMD), specialty polymers, fine chemicals, scientific instruments, and thin-film materials. Tosoh had nearly 13,656 Employees and had revenue of $7 Billion.
Albemarle is a US Based Multinational Chemical manufacturing company. established In 1994 and Its headquartered at 4250 Congress St Suite 900, Charlotte, North Carolina, 28209, United States. Specialties in the development, manufacturing, and markets of lithium, bromine, and refining catalysts to chemicals, plastics, and pharmaceuticals. The company operates 3 divisions: bromine specialties, lithium, and catalysts. Albemarle had nearly 6,000 Employees and had revenue of $3 Billion.
Tata Chemicals is an Indian Based global chemistry solutions company established In 1939 Its headquartered at Bombay House 24 Homi Mody St, Mumbai, Maharashtra, 400001, India. Specialties in alkali, halogen, salt, agri-input, and crop protection. The company is one of the largest chemical companies in India with operations in India, Europe, North America, and Africa. Tata Chemicals had nearly 4,678 Employees and had revenue of $1 Billion.
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