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Insights on the Bromine Global Market to 2027 – Increasing Use of Hydrogen Bromide in Flow Batteries Presents Opportunities – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Bromine Market Research Report by Derivative (Bromide Salts, Hydrogen Bromide, and Organo Bromines), Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) – Global Forecast to 2027 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering.

The Global Bromine Market size was estimated at USD 2,491.34 million in 2021 and expected to reach USD 2,707.09 million in 2022. The market is projected to grow at a CAGR 8.91% to reach USD 4,158.70 million by 2027.

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.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Bromine Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Bromine Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Bromine Market?

4. What is the competitive strategic window for opportunities in the Global Bromine Market?

5. What are the technology trends and regulatory frameworks in the Global Bromine Market?

6. What is the market share of the leading vendors in the Global Bromine Market?

7. What modes and strategic moves are considered suitable for entering the Global Bromine Market?

Market Dynamics

Drivers

  • Growing use of bromine compounds in mercury emission mitigation
  • Increasing demand for flame retardants in electronics, consumer goods, and textile industries
  • Consumption of bromine and its derivatives in diverse applications

Restraints

  • Significant fluctuations in oil & gas prices

Opportunities

  • Increasing use of hydrogen bromide in flow batteries
  • Increasing infrastructural development and rise in the disposable income in Asia Pacific region
  • Rapidly increased use of bromine as a disinfectant

Challenges

  • Toxicological effects of brominated compounds

Companies Mentioned

  • Albemarle Corporation
  • AquaChina Chemical Co., Ltd.
  • Chemcon Speciality Chemicals Pvt. Ltd.
  • Dhruv Chem Industries
  • Gulf Resources, Inc.
  • Hindustan Salts Ltd.
  • Honeywell International Inc.
  • ICL Group Ltd.
  • ICL-IP America, Inc
  • Jordan Bromine Company Ltd.
  • Lanxess AG
  • MORRE-TEC Industries, Inc.
  • Perekop bromine
  • Sang Froid Chemicals Pvt Ltd
  • Satyesh Brinechem Pvt. Ltd.
  • Shandong Yuyuan Group Co., Ltd.
  • Solaris Chemtech Industries Ltd.
  • TATA Chemicals Ltd.
  • TETRA Technologies, Inc.
  • Tosoh Corporation

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

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