The Report “Europe Bromine Market–Forecast to 2019” defines and segments the bromine market in Europe with analysis and forecast of revenue and is expected to reach a value of $175.8 Million by 2019, estimated to grow at a CAGR of 8.8 % from 2013 to 2019.
Browse through the TOC of “Europe Bromine Market report”, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the European bromine market, and is supported by various tables and figures.
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Bromine is a volatile and heavy liquid element at room temperature. It is brownish-red and dissolves in water. Bromine is extracted from seawater, salt lakes, and brine wells. There are three major derivatives of bromine namely, organobromines, clear brine fluid, and hydrogen bromide or hydro bromic acid. Globally, the market share of organobromines is the highest and the flame retardants are the largest applications of bromine. Bromine is usually obtained from sea water, through the treatment of seawater with chlorine and flushing through with air. In this treatment, bromide is oxidized to bromine by the chlorine gas. The Dead Sea brine is the richest source of bromine in the world.
The Bromine market in the European region is concentrated in countries, such as, the U.K., France, Germany, and Spain. The consumption of organobromines is the largest in the European market and is expected to grow further in the next five years due to huge investments in infrastructure developments and new upcoming housing projects in Europe. The bromine manufacturing industry in the region is moving toward strategic collaboration as the major bromine players are expanding their production with long-term agreements and partnerships. However, the adverse factors such as high fluctuation in raw material prices, rising manufacturing costs, and tight competition from Asia-Pacific producers can affect the competitiveness of the European producers. Besides, the currency fluctuations between the euro and dollar can lead to currency translation distortions, with regards to international sales turnover for the European manufacturers.
The report includes the European bromine market which is segmented on basis of application and geography. In the European region, the bromines are applied in brine fluids, hydrogen bromide or hydrobromic acid, and organobromines.
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