FORT WORTH, Texas, June 5, 2015 /PRNewswire/ --
The global organobromine market was valued at $2.84 billion in 2014 and is projected to reach $3.99 billion by 2019, at a CAGR of 6.9% during the period under consideration.
Browse through the TOC of the global organobromine market report to get an idea of the in-depth analysis provided. This report also provides a glimpse of the market segmentation and is supported by various tables and figures.
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The global organobromine market has witnessed significant growth in recent years, owing to the rising demand from thevarious end-use industries. Organobromines have different characteristics as per their manufacturing and application requirement in the end products. The Asia-pacific region dominated the organobromine market in 2014, globally, owing to the growing demand from the different applications, such as the flame retardants, water treatment applications, and pharmaceutical industries. The North American market is estimated to witness moderate growth in the coming years.
Flame retardants are very important chemicals in manufacturing industries. The textiles, plastics & rubber manufacturing, automotive, and furnishing industries use flame retardants to minimize fire hazards in their manufacturing premises.
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Investments and expansions are key components of this market. The manufacturing companies, associations, and end-product manufacturers are investing heavily in the organobromine market for future advancements. The rising demand for flame retardants due to stringent fire safety regulations; the growing electronics and automotive industries; and expanding ship-building industries are some of the key factors driving the market growth. On the other hand, the ban on some brominated flame retardants may restrain the market growth in the coming years.
The Asia-Pacific region is the largest market for organobromine, both in terms of volume and value, followed by the North American region. The key players in the global organobromine market are Albemarle Corp. (U.S.), Israel Chemical Ltd. (Israel), Chemtura Corporation (U.S.), Sanofi S.A. (France), Jordan Bromine Company (Jordan), Tetra Technologies (U.S.), Tosoh Corporation (Japan), Morre-Tec Industries (U.S.), and Tata Chemicals Ltd. (India), among others.
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