The European Bromine market, along with its end products, has witnessed a linear growth in the past few years and this growth is estimated to increase in the coming years. Bromine is a volatile and heavy liquid element at room temperature. Bromine & its derivatives are extracted from seawater, salt lakes, and brine wells. It is one of the basic organic chemical raw materials widely used in oil & gas, textile, automotive, construction, agricultural, electronics, water treatment, furnishing, and ship building.
The automotive and pharmaceutical industries are the major factors in driving the demand for bromine in Europe. Germany is the second-largest exporting country in the world after China. The automotive industry has the largest share among all the commodities which are exported from Germany. Bromine & its derivatives are used as emission reducing compounds in the batteries of electric cars in order to minimize the environmental pollution.
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The Bromine market is experiencing enormous growth which is expected to continue in the near future, and the intense efforts at country level. Strict environmental policies and favorable regulations encourage the use of bromine in coal-fired power plants to reduce mercury elements, also expanding water treatment industries and oil and gas energy industries driving the bromine market.
Considerable amount of investments are made by various market players to serve the end-user applications in the future. The European region in the bromine market accounted for about 4% market share of the total global demand in 2014. The demand for bromine is expected to be moderate in Europe. This can be attributed to the increasing consumption of bromine derivatives in automotive, electronics, and construction industries in the European region.
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