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Global Bromine and Bromine Derivatives Market 2018-2022| Growth in the Oil and Gas Industry to Improve Demand| Technavio

LONDON--(BUSINESS WIRE)-- analysts forecast the global bromine and bromine derivatives market to grow at a CAGR of nearly 7% during the forecast period, according to their latest market research report.

The rising mercury emission control is one of the major trends being witnessed in the . Bromine compounds are used to control mercury emissions from coal-fired power plants as emissions of air pollutants such as mercury and arsenic are primary environmental concerns. Bromine is used to mitigate mercury emissions. Bromine compounds in contact with mercury of flue gases from mercuric bromide. Mercury bromide can be easily captured in flue-gas scrubbers than the mercuric bromide that is produced at many facilities.

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According to Technavio analysts, one of the key factors contributing to the growth of the global bromine and bromine derivatives market is the growth in the oil and gas industry:

Global bromine and bromine derivatives market: Growth in the oil and gas industry

In countries such as the US, Brazil, Mexico, Saudi Arabia, China, Russia, Norway, and other oil and gas-rich countries, the increase in oil and gas exploration activities and the extensive use of bromine as drilling fluid for extracting petroleum products will contribute to the growth of the global bromine and bromine derivatives market.

According to a senior analyst at Technavio for research on specialty chemicals, “The increased acceptance of horizontal drilling and hydraulic fracturing techniques will fuel the consumption of bromine and bromine derivatives during the forecast period. In countries such as the US, oil production through hydraulically fractured wells accounted for nearly 69% of the total oil and natural gas wells drilled in the country in 2016. Hydraulically fractured horizontal wells are increasingly used for developing crude oil and natural gas.”

Global bromine and bromine derivatives market: Segmentation analysis

The global bromine and bromine derivatives market research report provides market segmentation by application (flame retardants, drilling fluids, water treatment, and agriculture) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The flame retardants segment held the largest market share in 2017, accounting for nearly 45% of the market. This application segment is expected to dominate the global market throughout the forecast period.

EMEA led the market in 2017 with a market share of nearly 42% of the market share. The market share occupied by this region is anticipated to decrease during 2018-2022.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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» Publication Date: 14/08/2018

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This project has received funding from the European Union Seventh Framework Programme (FP7/2007-2013) under grant agreement n° [310187].