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Bromine - Global Market Trajectory & Analytics

  • ID: 595581
  • Report
  • September 2020
  • Region: Global
  • 287 Pages
  • Global Industry Analysts, Inc
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FEATURED COMPANIES

  • Albemarle Corporation
  • Chemada Fine Chemicals
  • Hindustan Salts Limited
  • Jordan Bromine Co., Ltd.
  • Mody Chemi-Pharma Ltd.
  • Nova International
  • MORE
The global market for Bromine is projected to reach US$5.3 billion by 2025 sustained largely by emerging new applications and to a lesser extent by the continued yet highly debated use of halogenated flame retardants wherein bromine is the widely used chemical, followed by Chlorine. Over the decades, Brominated Flame Retardants (BFRs) along with chlorinated flame retardants have become the most widely used flame retardants used almost ubiquitously in plastics, furniture, textiles and electrical/electronic equipment. Benefits of BFRs which have led to their rapid proliferation include unrivalled levels of effectiveness in retarding fire and delaying its spread; lower costs; and ability to provide high flame protection in lower quantities. Types of BFRs widely used include polybrominated diphenyl ethers (PBDES) which are used in plastics; hexabromocyclododecanes (HBCDDS) which are used in building thermal insulations; tetrabromobisphenol a (TBBPA) which are used in PCBS, electronics and thermoplastics; and polybrominated biphenyls (PBBS) used in textiles and consumer appliances. Stringent fire safety regulations and standards in homes, hotels, hospitals, nursing homes, offices, factories etc. have over the years led to the popularity of BFRs.

Of late however, several research studies have classified several of the 80 types of brominated flame retardants as global contaminants and environmentally hazardous. These chemicals are also closely linked to endocrine and thyroid disruption, immunotoxicity, reproductive toxicity, cancer and adverse effects on fetal and child development and neurologic function. These include PentaBDE, octaBDE, PBB, PBDE, dekaBDE, HBCDD, and TBBP A. Other brominated flame retardants are also under the radar as a suspected health and environmental hazard, although there exists very limited and hugely dissimilar data on the safety of these compounds in wildlife, food or humans. Lack of limited data and inconclusive scientific opinions make risk characterization and assessment difficult and not foolproof. Performing a hazard characterization is difficult for chemicals that have insufficient information. While this lack of sufficient scientific information regarding exposure and toxicity for all these BFRs result in their approval by the regulatory bodies and their continued used, this does not rule out a possible potential hazard. Under this scenario, there is growing momentum to phase out persistent organic pollutant (POP) brominated flame retardants (BFRs). Faced with the challenge of environmentally sound management, there is strong focus shed on recycling and disposal of end-of-life products containing POP-BFRs. The coming years will witness a much more clearer push towards the use of non-halogenated flame retardants as alternatives to organohalogen flame retardant chemicals; and better use of fire safety technologies like sprinklers, and smoke detectors, fire-safe candles etc. which will reduce the need for toxic fire retardants.

Despite the overhanging challenges in store for BRFs, the market will benefit from the counterbalancing increase in demand for bromine-based completion fluids in onshore and offshore drilling projects, growing consumption of bromine biocides and brominated pesticides in the agricultural sector. The market also stands to benefit from the increasing consumption of bromine in disinfectants and fumigants in the water treatment end-use sector; expanding uses into newer application areas such as flow battery, mercury emission control, crop protection, specialty rubber production etc. Demand is also expected to increase, supported by the use of bromine compounds in various clinical trials focused on therapeutics for Alzheimer`s, dementia, STDs, and certain forms of cancer. China and Europe represent large markets worldwide with a combined share of 50.8% of the global market. China also ranks as the fastest growing market with a CAGR of 10.1% over the analysis period supported by stringent fire safety regulations factories, warehouses, and high-rise buildings, among others.

Competitors identified in this market include, among others:
  • Albemarle Corporation
  • Arab Potash Company
  • Chemada Fine Chemicals Company Ltd.
  • Gulf Resources Inc.
  • Hindustan Salts Limited
  • Honeywell International Inc.
  • ICL-IP America Inc.
  • Israel Chemicals Limited (ICL)
  • Jordan Bromine Company Ltd.
  • LANXESS AG
  • MORRE-TEC Industries Inc.
  • Oceanchem Group
  • Solaris ChemTech Industries Ltd.
  • Tata Chemicals Ltd.
  • Tetra Technologies Inc.
  • Tosoh Corporation
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Albemarle Corporation
  • Chemada Fine Chemicals
  • Hindustan Salts Limited
  • Jordan Bromine Co., Ltd.
  • Mody Chemi-Pharma Ltd.
  • Nova International
  • MORE
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of Covid-19 on Bromine Production and the Overall Chemical Sector
  • Chemical Industry Geographical Landscape and the Covid-19 Impact
  • Response of US Chemical Industry to Covid-19
  • Impact and After-Effects of Covid-19 Crisis in China
  • A Prelude to Bromine
  • Worldwide Production Capacity of Bromine: 2019
  • Bromine Concentration in Grams/Liter for Various Resources
  • Long-term Outlook for Global Bromine Market Remains Positive
  • Flame Retardants: The Primary End-Use Market for Bromine
  • Eco-Friendly Polymeric Flame Retardants to Drive Future Growth of BFRs Market
  • Increasing Activity in the Oil & Gas Sector Bodes Well for Brominated Drilling Fluids
  • World Crude Oil Reserves by Country (2018): Breakdown of Oil Reserves (in Thousand Million Barrels) for Canada, Iran, Iraq, Kuwait, Nigeria, Russia, Saudi Arabia, UAE, USA, Venezuela and Others
  • World Oil Production by Country (2014-2018): Breakdown of Crude Production (in 1,000 Barrels per day) for Brazil, China, Iran, Iraq, Kuwait, Russia, Saudi Arabia, UAE, USA, Venezuela and Others
  • Global Oil & Gas Demand (in Million Tons of Oil Equivalent): 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, and 2018
  • Asia-Pacific: The Largest & Fastest Growing Regional Market
  • China Plays Pivotal Role in Asia-Pacific’s Predominance
  • Contribution of Developed Regions Remains Robust
  • High Demand for Organobromine Boosts Market Prospects
  • Market Concerns
  • Restriction on Bromine across Various Countries
  • Competitive Scenario
  • Global Competitor Market Shares
  • Leading Players in the Global Bromine Market (2019): Market Share Breakdown of Sales for Israel Chemicals Ltd., Albemarle, LANXESS/Chemtura, Jordan Bromine Company, and Others
  • ICL-Industrial Product’s Dominance in the Global Bromine Market
  • ICL to Expand Bromine Products Production Capacity to Meet Growing Asian Demand
  • Recent Bromine Product Launches from the Israeli Company ICL
  • Bromine Reserves & Production Statistics
  • Global Bromine Reserves by Country (Thousand Metric Tons)
  • Leading Bromine Producing Countries in the World (2018 & 2019E): Breakdown of Annual Production (in Metric Tons) for China, India, Israel, Japan, Jordan, and Ukraine
  • Elemental Bromine Production in China Reeling Under Tightening Regulations – Industry Staring at a Situation of Continuous Price Rise
2. FOCUS ON SELECT PLAYERS
  • Albemarle Corporation (USA)
  • Arab Potash Company (Jordan)
  • Chemada Fine Chemicals Company Ltd. (Israel)
  • Gulf Resources, Inc. (China)
  • Hindustan Salts Limited (India)
  • Honeywell International, Inc. (USA)
  • Israel Chemicals Limited (ICL) (Israel)
  • ICL-IP America, Inc. (USA)
  • Jordan Bromine Company Ltd. (Jordan)
  • LANXESS AG (Germany)
  • MORRE-TEC Industries, Inc. (USA)
  • Oceanchem Group (China)
  • Perekop Bromine (Ukraine)
  • Shouguang Luyuan Salt Chemical Co. Ltd (China)
  • Solaris ChemTech Industries Ltd. (India)
  • Tata Chemicals Ltd. (India)
  • Tetra technologies, Inc. (USA)
  • Tosoh Corporation (Japan)
3. MARKET TRENDS & DRIVERS
  • New Applications to Play Key Role in Future Growth
  • Increasing Drilling Operations Create Strong Demand for Clear Brine Fluids
  • Bromine Compounds Assume Critical Importance in Water Treatment Applications
  • End-Use Application Areas in Industrial Water Treatment Sector and Role of Bromine
  • Increasing Usage in Mercury Emission Reduction: A Strong Growth Driver
  • Brominated Mercury Oxidation to Reduce Mercury Emission in Power Plants in Europe - An Offering from Andritz
  • Effectiveness of Calcium Bromide in Reducing Mercury Emission
  • Mercury-Reduction Capability of Select APC Systems
  • Bromine-based Flow Batteries for Grid Energy Storage Systems
  • Key Advantages of Large Scale Electrochemical Energy Storage Technologies
  • Energy Storage Technologies: Key Features Comparison for NaS Battery, Lithium-ion Battery, and Flow Battery Technology
  • Novel Opportunities through R&D of Grid Electricity Storage Batteries
  • Stringent Regulations Restricting Flame Retardants – End-user Industries Seek Alternatives
  • Brominated Organic Intermediates Aid Market Expansion
  • Rubber Industry Enhances Prospects of Brominated Organic Intermediates
  • Growing Use Case of Bromobutyl Rubber
  • Bromine Gains Traction in Pharmaceutical Compounds & Catalysts
  • Brominated Pesticides Seek to Foray Agricultural Sector
  • Bromine Levels Increasing in Recycled Plastics in Europe - A Cause for Concern
  • Alternatives to Methyl Bromide - Need of the Hour
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
  • Market Overview
  • Regulations for use of Flame Retardants in Consumer Products in the United States
  • Ban of Brominated Flame Retardants in US States
  • Diverse Applications of Bromine Maintain Market Momentum, Post Covid-19
  • Market Analytics
CANADA

JAPAN

CHINA
  • Impact of Climatic Conditions & Governmental Policies
  • International Suppliers to Escalate Bromine Prices
  • Shrinking Domestic Supply to Push up Bromine Prices
  • Prices of Bromine in China
  • Market Analytics
EUROPE
  • Demand to Emerge from Automotive, Pharma and Oil & Natural Gas Sectors
  • EU to Place Bans on Exports of a few BFRs
  • Ban on Use of Bromine in Various Sectors Hamper Growth
  • Amendments to the POPS Regulation in EU Restrict Use of Bromine-based Flame Retardants
  • Market Analytics
FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

REST OF LATIN AMERICA

MIDDLE EAST
  • Jordan
ISRAEL

IRAN

ISRAEL

SAUDI ARABIA

UNITED ARAB EMIRATES

REST OF MIDDLE EAST

AFRICA

IV. COMPETITION
  • Total Companies Profiled: 26
Note: Product cover images may vary from those shown
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  • Agrocel Industries Pvt. Ltd.
  • Albemarle Corporation
  • Arab Potash Company
  • Chemada Fine Chemicals
  • Gulf Resources, Inc.
  • Hindustan Salts Limited
  • Honeywell Specialty Chemicals Seelze Gmbh
  • ICL Industrial Products
  • Israel Chemicals Ltd. (Icl)
  • Jordan Bromine Co., Ltd.
  • Lanxess Deutschland Gmbh
  • Mody Chemi-Pharma Ltd.
  • Morre-Tec Industries, Inc.
  • Neogen Chemicals Ltd.
  • Nova International
  • Perekop Bromine
  • Prabhat Chemiorganics Ltd.
  • Shandong Haihua Group
  • Shandong Ocean Chemical Co., Ltd.
  • Shouguang Luyuan Salt Chemical Co., Ltd.
  • Solaris Chemtech Industries Ltd.
  • Tata Chemicals Ltd.
  • Tetra Technologies, Inc. - Tetra Chemicals
  • Tosoh Corporation
  • Vandana Chemicals
  • Weifang Qiangyuan Chemical Industry
Note: Product cover images may vary from those shown
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