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North America Bromine Market is Projected To Reach $1,995.5 Million By 2019

"The North American bromine market, in terms of value, is projected to reach $1,995.5 million by 2019 from $1,193.5 million in 2014, at a CAGR of 10.8% from 2014 to 2019"

The North American bromine market, along with its end products, has witnessed linear growth in the past few years, which is estimated to increase in the near future. Bromine is a volatile and heavy liquid element at room temperature. Bromine and 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 stringent fire safety regulations and growing demand of clear brine fluid are the major drivers for the demand of bromine in North America. The U.S. is the largest producer of natural gas in the world, with shale gas production also increasing at a brisk pace in the country. This will result in the increased demand for clear brine fluids in the country.


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The bromine market is experiencing enormous growth, which is expected to continue in the near future and intense efforts at country level. The consumption of brine fluids is increasing in North America, as the region is witnessing increased oil & gas drilling activities that are expected to increase in the country owing to the growing demand for natural gas in North America. Considerable amounts of investments are made by various market players to serve the end-user applications industry in future. The North American region of the bromine market accounted for about 30% of the market share of the total global demand in 2014. The demand for bromine is expected to be moderate in North America. This can be attributed to the increasing consumption of bromine derivatives in automotive, oil & gas, water treatment, electronics, and fine chemicals industries in the North American region.

 

The drivers of the industry are stringent fire safety regulations and the growing demand for clear brine fluid. The consumption of brine fluids is increasing in North America, as the region is witnessing increased oil & gas drilling activities. Flame retardants are very important chemicals in the manufacturing industries. The textile, plastic & rubber manufacturing, automotive, and furnishing industries uses flame retardants to minimize fire hazards in the commodities.

 

This study aims to estimate the North American market of bromine for 2014 and to project its demand by 2019. This market research study provides a detailed qualitative and quantitative analysis of the North America bromine market. We have used various secondary sources such as encyclopedia, directories, industry journals, and databases to identify and collect information useful for this extensive commercial study of the North America bromine market. The primary sources – experts from related industries and suppliers - have been interviewed to obtain and verify critical information as well as to assess the future prospects of the bromine market.


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Competitive scenarios of top players in the North America bromine market have been discussed in detail. We have also profiled leading players of this industry with their recent developments and other strategic industry activities. These include key Bromine manufacturers such as Albemarle (U.S), Israel Chemical Ltd. (Israel), Chemtura Corporation (U.S), Tetra Technologies (Texas), Jordan Bromine Company (Amman, Jordan), and others.

 

Scope of the report:

This research report categorizes the global market for bromine on the basis of applications, end-user industries, and geography along with forecasting volume, value, and analyzing trends in each of the submarkets.

On the basis of derivatives:

  • Organobromine
  • Brine Fluids
  • Hydrobromic Acid

On the basis of applications:

  • Flame Retardants
  • Biocides
  • Oil & Gases
  • Medicinals
  • PTA synthesis
  • Plasma Etching
  • Others

On the basis of geography:

  • U.S.
  • Canada
  • Mexico

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