Bromine Market: Oil & Gas to be the Fastest-Growing Application Aug 2016 | Page 2

Bromine Market: Global Forecast to 2021 “An increasing demand of bromine for oil & gas drilling and production of flame retardants used in the automobile and electronics industries is driving the demand for bromine” The market size for bromine is projected to reach USD 9.82 billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. Increasing demand from the end-use industries such as automotive, agricultural, electronics, and oil & gas are the major drivers of the bromine market. The automotive, water treatment, electronic, and drilling activities are growing in the emerging markets of Asia-Pacific such as China, India, and other Southeast Asian countries. With the increasing usage of bromine in the production of flame retardants, biocides, and PTA synthesis in some major economies, such as India, China, and Japan, the market is expected to grow further. Hence, bromine is increasingly used in various end-use industries, and is expected to grow rapidly in the near future. www.marketreportshub.com / Mail Us: [email protected]