Bromine Market Size, Growth | Analysis & Forecast, 2030

Chemanalyst01 Jul, 2022Business

Global Bromine Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030, Global Bromine demand stood at 1.13 Million Tonnes in 2020 and is forecast to reach 1.812 Million Tonnes by 2030, growing at a healthy CAGR of 4.85% until 2030. Increasing demand for flame retardants from construction and automotive and other areas coupled with the increasing demand for clear brine fluids from oil and gas extraction is expected to drive the demand of bromine during forecast period. Moreover, the increasing demand of hydrogen bromide from hydrogen bromide flow batteries which find application in electric vehicles is also an influencing factor supporting demand growth during the forecast period.