Global Bromine and Bromine Derivatives Market 2018-2022| Growth in the Oil and Gas Industry to Improve Demand| Technavio
August 14 2018 - 9:18AM
Business Wire
Technavio 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.
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Technavio has published a new market
research report on the global bromine and bromine derivatives
market from 2018-2022. (Graphic: Business Wire)
The rising mercury emission control is one of the major trends
being witnessed in the global bromine and bromine derivatives
market 2018-2022. 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.
This report is available at a USD 1,000 discount for a
limited time only: View market snapshot before
purchasing
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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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
+1 844 364 1100UK: +44 203 893 3200www.technavio.com