Global Bromine Market 2021 Business Growth Tactics, Future Strategies, competitive Outlook, Industrial Demand and Opportunities
Mar 05, 2021 (The Expresswire) —
Bromine is a liquid element that has red brown color and it comes with corrosive and explosive properties. The element comes from a halogen family and hence has similar features to halogens such as iodine and chlorine. The physical nature of the element is crystalline at the sight. It is a crystalline mineral halide salt which marks its presence across several other categories such as organ bromine compounds, bromine fluids, hydrogen bromide and several others, that have various applications across several industries in order to cater the needs for explosive materials, which is a major factor contributing to the growth of global bromine market over the analysis time frame.
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Key players in the global bromine market are Israel Chemical Ltd. (ICL), Gulf Resources Inc, lbemarle Corporation, and Jordan Bromine Company Limited.
Bromine is gaining immense popularity due to rising consumption of its byproducts in order to reduce decrease the mercury discharge from smokestacks of the coal fired plants, which if not removes, may turn out to be extremely hazardous for humans, hence is witnessing riding demand and fueling the growth of global bromine market over the forecast time. Further, imposition of several new laws by the government bodies to reduce the emission of mercury coming out from factories and industries is further creating opportunities for the industry growth over the analysis period. Further, it is also used for water treatment in many industries for commercial and residential purposes of water, also helping the expansion of the industry.
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However, rising prevalence of COVID-19 has caused disruptions in the supply demand or several products, imposition of travel bans led to delay in supply of products and shutdowns of factories, industries and offices for a few months caused slow paced demand of the product over the recent times, hence created a negative impact on the industry growth over the current year. Also, emission of dangerous waste water after the use of bromine is also likely to hamper the growth of bromine market across the globe over the coming years.
The various segments of Global Bromine market are,
- Oil and gas
- Electronics and textiles
- Flame Retardants
- Drilling Fluids
- Water Treatment
Regions:North America, Latin America, Europe, Asia Pacific (APAC) and Middle East and Africa (MEA).
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
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