Israel Chemical Ltd. is an Israel-based company that manufactures and sells fertilizers and specialty chemicals. Israel Chemicals operates in three business segments, namely fertilizers, industrial, and performance products. The company along with its subsidiaries manufactures bromine and bromine-based compounds or products. ICL focuses on mergers and acquisitions as its growth strategy.
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Among the applications of hydrobromic acid, PTA synthesis contributes to the largest market share as it was valued at $284.0 million in 2014, and is expected to reach $384.1 million by 2019, at a CAGR of 6.2%. In terms of volume, PTA synthesis segment is the highest hydro bromic acid consuming segment. It is expected to increase at a CAGR of 3.7% during 2014-2019.
The second largest application of hydro bromic acid is fumigant synthesis, and it is expected to grow at a CAGR of 6.1% during 2013-2019. In terms of growth rate, plasma etching has the highest growth rate of 7.6% during 2013-2019 in terms of value. In terms of volume, PTA synthesis segment is the highest hydrobromic acid consuming segment. It is expected to increase at a CAGR of 3.7% during the forecast period.
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The major participants operating in the global hydrogen bromide or hydrobromic acid market are Tata Chemicals (INDIA), Tosoh Corporation (Japan), Israel Chemicals (Israel), Jordan Bromine Company (Jordan), Tetra technologies (U.S.), Dow Chemical Company (U.S.), Sanofi S.A. (France), Hindustan Salts limited (India), Albemarle Corporation (U.S.), and Chemtura (U.S.)
