Bromine is a naturally occurring element, found in sea, lakes, and underground wells. It is broadly utilized as a reactant and catalyst for manufacturing a diversity of products, such as agrochemicals, biocides, water disinfectants, pharmaceuticals intermediates, dyes, completion fluids, flame retardants, and photographic chemicals. Dead-Sea is the richest resource of the bromine with concentration of 10-12 gram per liter.
Bromine
is a colorless soluble crystalline mineral halide salt which is extracted from
the brine pools. Several derivatives of bromine are utilized in a broad variety
of end-use industries, such as hydrogen bromide, organobromine, and
clear brine fluids. Bromine and its derivatives are utilized in a broad range
of applications, such as oil and gas drilling, flame retardants, biocides,
plasma etching, and PTA synthesis (mercury emission control and water
treatment). Foremost end-use industries of bromine comprise chemicals, oil
and gas, pharmaceuticals, electronics and textiles amongst others.
According
to the report analysis, ‘Bromine Market: Current Analysis and Forecast
(2021-2027)’ states that the global bromine market is augmenting
on account of growing focus on decreasing the mercury emission from the
environment. A worldwide treaty was signed in United Nations Minamata
Convention on mercury In order to decrease the mercury emission and taking
other measures to control the supply and trade of mercury as well as mercury
added products and manufacturing procedures in which mercury is utilized.
Bromine based products can decrease the mercury emissions from coal fired power
plants and several other industrial installations in excess of 90% therefore it
is a central part of the solution to meeting the objectives of the Minamata
Convention. Furthermore, augmenting the demand of bromine flame retardant from
large number of industries such as consumer appliances, electronics, and
textile; large base of application areas, and growing utilization of bromine as
a disinfection in the light of COVID-19 are some of the foremost factors which
are propelling the market of bromine. Further, bromine as a clear brine
solution is progressively use in oil & gas sector as they deliver high
density fluid that are appropriate for deepwater production and also for high
temperature and high-pressure oil and gas formations.
Asia
Pacific controlled the considerable market share due to large base of end use
industries in the regional countries such as China, Japan, and India, among
others. The region is the manufacturing hub of automotive, textile, consumer
appliances, paints & coatings, and electrical & electronics due to
which large consumption of bromine as flame retardant. Further, bromine utilize
as a catalyst in the production of telepathic acid (PTA) to manufacture
polyester coatings resins for usage in the formulation of general metal,
appliance, automotive, industrial maintenance, and coil coatings.
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