Bromine Market Research Report 2022: Increasing Demand for Flame Retardants Due to Stringent Fire Safety Framework Driving 8.03% Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Bromine Market Research Report by Derivative, Application, State - United States Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The United States Bromine Market size was estimated at USD 532.60 million in 2021, USD 564.94 million in 2022, and is projected to grow at a CAGR 8.03% to reach USD 846.89 million by 2027.

Market Segmentation & Coverage:

This research report categorizes the Bromine to forecast the revenues and analyze the trends in each of the following sub-markets:

• Based on Derivative, the market was studied across Bromide Salts, Hydrogen Bromide, and Organo Bromines.
• Based on Application, the market was studied across Butyl Rubber, Flame Retardants, HBr Flow Batteries, Mercury Emission Control>, Oil & Gas Drilling, Others, Pesticides, Pharmaceuticals, Plasma Etching, PTA Synthesis, and Water Treatment & Biocides.
• Based on State, the market was studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Bromine Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

Competitive Scenario:

The Competitive Scenario provides an outlook analysis of the various business growth strategies adopted by the vendors. The news covered in this section deliver valuable thoughts at the different stage while keeping up-to-date with the business and engage stakeholders in the economic debate. The competitive scenario represents press releases or news of the companies categorized into Merger & Acquisition, Agreement, Collaboration, & Partnership, New Product Launch & Enhancement, Investment & Funding, and Award, Recognition, & Expansion. All the news collected help vendor to understand the gaps in the marketplace and competitor's strength and weakness thereby, providing insights to enhance product and service.

Market Dynamics

Drivers

• Increasing demand for flame retardants due to stringent fire safety framework
• Consumption of bromine and its derivatives in diverse applications

Restraints

• Emergence of non-halogenated flame retardants

Opportunities

• Increasing use of hydrogen bromide in flow batteries across the United States
• Increasing infrastructural development and rise in the disposable income

Challenges

• Toxicological effects of brominated compounds

Key Topics Covered:

1. Preface

2. Research Methodology

3. Executive Summary

4. Market Overview

5. Market Insights

6. Bromine Market, by Derivative

7. Bromine Market, by Application

8. California Bromine Market

9. Florida Bromine Market

10. Illinois Bromine Market

11. New York Bromine Market

12. Ohio Bromine Market

13. Pennsylvania Bromine Market

14. Texas Bromine Market

15. Competitive Landscape

16. Company Usability Profiles

17. Appendix

Companies Mentioned

• Albemarle Corporation
• Aldon Corporation
• Chemtura Corporation
• Honeywell International Inc.
• ICL Group Ltd.
• ICL-IP America, Inc
• Lanxess AG
• MORRE-TEC Industries, Inc.
• TATA Chemicals Ltd.
• TETRA Technologies, Inc.
• Tosoh USA, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/8lo9pt