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The bromine market size is forecast to increase by USD 860.40 million at a CAGR of 3.5% between 2023 and 2028. The market is driven by the growth of the oil and gas industry, as bromine is extensively used in the production of various oilfield chemicals such as bromine-based drilling fluids and bromine-based solvents. Firstly, the expansion of the oil and gas industry plays a pivotal role, driving the demand for flame retardant chemicals used in various applications within this sector. Additionally, the increasing awareness of mercury emission control regulations is propelling market growth, as bromine is a key component in the production of mercury control technologies. Additionally, the increased focus on safety and regulatory compliance fuels the need for flame-retardant chemicals across industries. However, the market is also challenged by the fluctuation in prices of crude oil, which impacts the cost of bromine production due to its close association with oil. Furthermore, the volatility in the supply of bromine due to geopolitical instability and natural disasters in major producing countries can negatively impact market growth. Overall, these factors create a complex market landscape for bromine, with both opportunities and challenges for market participants.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Derivative Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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