“The report includes the important bromine Europe markets. The market is further segmented on the basis of applications, countries, and its derivatives. The market data for these types is given with respect to volume (thousand tons) and value ($million). The market value of Europe bromine was estimated to be $175.9 million in 2014 and is projected to grow with a CAGR of about 8.8% from 2014 to 2019. The data mentioned in the report are based on the demand in Europe for Bromine.
The total market for European bromine has been analyzed. This includes the current proceedings in the industry at the commercial level. The study provides the value chain analysis with respect to Bromine raw materials, manufacturers, and end users. The value chain describes the key contributors to the materials market at different stages from product development to end use. It represents the top players which are contributing to the European Bromine industry.
The impact of different market factors, such as drivers, restraints, and opportunities is also illustrated in the report. This gives an idea about the key drivers such as increasing demand of brominated pharmaceuticals and well established automotive industries, and restraints such as ban in brominated vegetable oil (BVO), ban on use of certain brominated flame retardants in Europe. The economic slowdown in Europe and the U.S. also affected the economy of other developed countries that are of key importance for the commercial success of new materials and its end-user market.
The European bromine market is also classified based on different applications. The important applications include flame retardants, biocides, oil & gas, medicinals, PTA synthesis, plasma etching, and others. The automotive & pharmaceutical industries are expected to show rapid growth in the future.
The key companies in this market are Albemarle (U.S.), Israel Chemical Ltd. (Israel), Chemtura corporation (U.S.), Sanofi S.A (France), Jordan Bromine Company (Amman, Jordan), and others. These companies are consistently focusing on expanding their production capacity to achieve a competitive advantage and thereby serving the customers more effectively. Investments in expansion of plant capacities, followed by acquisitions were the most preferred strategies by the top players in 2013 & 2014 that are driving the demand of Bromine. Their strategy to capture the market in developing economies includes expansions and agreements.
Germany emerged to be the driving factor for this market, contributing for about 45% of the Europe demand in terms of consumption in 2014. It is the leading country in the consumption of bromine, being the largest automotive manufacturer and the recovery of Germanyâs economic condition. The important emerging economies such as France and Spain are further lined up for a brighter future in this market.
The report also includes a competitive landscape covering different strategies and developments such as mergers & acquisitions, expansions, and agreements undertaken by the leading bromine companies in the past few years. Furthermore, different bromine market participants are also profiled in the report.
Scope of the report
The report segments the global polyamide market as:
The global bromine market has been covered in detail in this report. In order to provide an all-round picture, the current market demand and forecasts have also been included.
On the basis of derivatives:
â¢ Brine Fluids
â¢ Hydrobromic Acid
On the basis of applications:
â¢ Flame Retardants
â¢ Oil & Gases
â¢ PTA synthesis
â¢ Plasma Etching
Each application is described in detail in the report with volume and revenue forecasts for each application.
On the basis of countries: