Bromine Derivatives Market Poised to Rake US$ 5,572.8 Mn by 2026
Verfasser: yogesh on Tuesday, 28 February 2017Demand for bromine derivatives will continue to surge owing to increasing adoption as reactants in the manufacturing of agrochemicals, water disinfectants, dyes and photographic chemicals. Considering a Y-o-Y growth of 3.5% over 2015, the global bromine derivatives market is expected to reach a value of US$ 3.70 Bn in 2016 end. Owing to the catalyst properties of bromine derivatives, global consumption volume will be significantly influenced by increasing production of rubber, plastics and flame retardants over the forecast period.
The extensive use of bromide compounds as clear brine fluids in oil and gas industries is one of the primary factors driving growth of the global bromine derivatives market. Furthermore, use of bromine in reducing mercury emissions from coal-fired power stations is another factor expected to drive demand. However, varying environmental legislations can hamper growth of the global bromine derivatives market during the forecast period.
Based on the derivative-type, use of brine fluids derived from zinc bromide, sodium bromide and calcium bromide in the homogenous extraction of oil and gas is increasing and will continue to drive market growth to a significant extent. Tetrabromobisphenol A – commonly known as TBBPA - is expected to be the highest consumed derivative, and is estimated to reach 219,640.2 MT by 2016 end.