Global Bromine Market: Key Highlights
Global Bromine Market: Key Market Dynamics
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Global Bromine Market: Regional Overview
Asia-Pacific is expected to account for the largest share in the global bromine market. This is mainly attributed to its increasing use of bromine in China, Japan, and India. Increasing infrastructural development and the rise in the disposable income of the middle-class population in Asia Pacific have boosted the demand for flame retardants, which are used extensively in insulation and fabrication of plastic and electronic components. China is expected to be the dominant and fastest-growing market for bromine in the Asia Pacific region, mainly due to the escalating demand for brominated flame retardants in the country.
Global Bromine Market: Key Players Overview
Israel Chemicals Limited also known as ICL is a US-Israel based company engaged in the manufacturing the agriculture, food and engineered materials products. The company is one of the global leader in specialty fertilizers, bromine and flame retardants. In March 2020, ICL’s manufacturing facilities in China resumed operations post a mandatory shutdown initiated since January 2020 to control the spread of the infection.
Albemarle Corporation is a global developer, manufacturer and marketer of highly-engineered specialty chemicals. The Company operates through three segments: Lithium and Advanced Materials, Bromine Specialties and Refining Solutions. Lithium and Advanced Materials segment consist of two product categories: Lithium and Performance Catalyst Solutions. The bromine and bromine-based business includes products used in fire safety solutions and other specialty chemicals applications. The Company serves various end markets, including petroleum refining, consumer electronics, energy storage, construction, automotive, lubricants, pharmaceuticals, crop protection, food safety and custom chemistry services.
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