Bromine Market Share

Regionally, the bromine market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, Asia Pacific industry is anticipated to hold largest revenue share by 2037, as property Losses from fire-related incidents are increasing every year in the region, which encourages the use of flame retardants. This factor is anticipated to boost the demand for bromine during the forecast period. Flame retardants are extensively used in the production of plastic and electronic equipment. Furthermore, economic growth and rising disposable personal income have pushed the use of flame retardants in Asia Pacific. It was observed that, China's per capita disposable income reached USD 5500 in 2021, up 9.1% from the previous year.