Market Size of Bromine Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Bromine Market Analysis
The bromine market is projected to register a CAGR of more than 4% during the forecast period. The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.
- The increasing demand for bromine in water treatment applications is expected to fuel market growth during the forecast period.
- On the other hand, non-halogenated flame retardants are likely to slow the growth of the market.
During the forecast period, the Asia-Pacific region is expected to have the most market share. This is because India, China, and Japan are all growing and becoming more developed.
