Zion Market Research Global Bromine Market, 2016–2024 | Page 3

Bromine Market
diversified into Asia-Pacific, Europe, North America, Latin America and the Middle East and
Africa.
Global Bromine Market by Growth Factors: Increased applications of bromine such as
photographic chemical, precision cleaning, organic intermediates, flame retardant,
bleaching and oxidizing chemical, monomers for specialty polymers and son on are driving
the global market. The textile and the electronic industries have a great demand for the
flame retardants thus giving opportunities to the global bromine market growth. The oil and
the drilling sector are growing at a fast rate but the chemical segment will remain at the top
in the end use industry. The organobromine derivative is being utilized largely in the end
user industries. The use of bromine has harmful effects, which hampers the market growth.
The bromine flame retardants are considered to be toxic in nature thus giving rise to the
environmental issues and also the health issues thus having an effect on the global market
growth.
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Global Bromine Market by Regional Analysis: The region that is having a good bromine
market growth is the Asia-Pacific region. The reason for this growth is its increased
utilization in the various industrial sectors. However, North America and Europe are the
mature markets, which have the limited consumption of the bromine owing to its hazardous
nature, adversely impacting the environment and health. The bromine consumption in the