LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global bromine market 2017-2021 report. This market research report also lists five other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global bromine market is dominated by global manufacturers such as Albemarle, Chemtura, Gulf Resources, ICL, and Tosoh. These players have a vast geographical presence with massive production facilities, located all across the world. There are a few small regional vendors with significant shares in the market as well.
The major players compete on the innovations, price, and quality of the product. Some players can capture market share due to the lower cost of their products as compared to their competitors. Also, the financial, technological, and other resources of a few suppliers are better than their competitors, as a result of which they can withstand changes and adapt to different market conditions.
The US is currently the main producer of Bromine. However, Israel’s share is increasing every year primarily due to higher bromine ion concentrations in the surface brine sources in Israel,” says Mahitha Mallishetty, lead specialty chemicals analyst from Technavio.
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Technavio chemicals and materials market research analysts identify the following key vendors:
Albemarle offers specialty chemicals. The company's products and markets include refining solutions, bromine specialties, lithium-advanced materials, and fine chemistry services. Applications served by the company include insulation of buildings, electronics, cars and electrical wires.
Chemtura is a specialty chemicals company that manufactures its products in 11 countries and sells them in over 80 countries. The company bromine and bromine derivatives for use in industrial, consumer products, and energy-producing applications.
The company manufactures and explores bromine in its eight facilities in the Shandong province through its subsidiary SCHC. Gulf Resources' current installation includes more than 4,000 wells, adding up the bromine production capacity to an estimated 46,300 tons, annually.
ISRAEL CHEMICALS (ICL)
ICL is a global manufacturer of products based on exclusive minerals. It is one of the largest producers of bromine, potash and pure phosphoric acid. ICL provides bromine through its industrial products segment. The company offers a wide range of bromine products such as flame retardants, drilling fluids, energy storage solutions, and effluent control.
The company offers bromine through its organic chemicals segment, which is used in inorganic pharmaceuticals, photosensitive materials, dyes, and medicine. The company also provides hydrobromic acid, which is utilized as a raw material for organic intermediates and medicines such as lithium bromide and terephthalic acid. Tosoh manufactures bromine-based flame retardant chemicals under the brand name Flamecut 110R.
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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