Bromine Market Analysis

The bromine market is segmented and analyzed for demand and supply by application into flame retardants, biocides, organic intermediates, PTA synthesis, plasma etching, and oil and gas drilling. Out of these segments, the flame retardants segment is anticipated to capture the largest market size in the revenue. Brominated flame retardants (BFRs) are compounds containing bromine that slow down the rate of ignition of substances. Since bromine derivatives exhibit fire-resistant properties, they are widely used in flame retardants. This factor is expected to drive segment growth over the forecast period. The investment and development in flame retardants are expected to drive the segment's growth in the future.  For instance, Clariant announced the investment of ~USD 60 million in 2021 to expand production of the Exolit OP flame retardants at its first Chinese production facility in Daya Bay, Huizhou in the province of Guangdong

Our in-depth analysis of the global bromine market includes the following segments: