Bromine Market is projected to reach USD 9.82 billion by 2021, registering a CAGR of 12.4% between 2016 and 2021. Increasing demand from the end-use industries such as automotive, agricultural, electronics, and oil & gas are the major drivers of the bromine market.
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Bromine is used widely in the oil & gas drilling industry in the form of clear brine fluids. The types of clear brine fluids, besides being a derivative of bromine are calcium bromide, zinc bromide, and sodium bromide fluids.
These fluids are extensively used in the oil & gas well-drilling industry for high-density, solids-free completion, packer, and workover fluids to reduce the likelihood of damage to the well bore and productive zone.
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Premium Insights and Complete Overview
1 Attractive Opportunities in the Bromine Market
2 Bromine Market, By Derivative
3 Bromine Market in Asia-Pacific, By Application and Country
4 Bromine market: Developed vs Developing Markets
5 Bromine Application Market Attractiveness
Brine fluids have a high density, thus prevent migration of fluids between underground formations through the well bore. The consumption of brine fluids is expected to grow in regions that are witnessing an increased oil- & gas-drilling activity.
Some important regions witnessing an increase in demand for drilling fluids are Gulf of Mexico, offshore (U.S.), shale gas wells in the U.S. as well as oil and wells in Alberta and Canada.
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The report also includes company profiles and competitive strategies adopted by the major market players, such as Albemarle Corporation (U.S.), Chemtura (U.S), Jordan Bromine Ltd (Jordan), Tosoh Corporation (Japan), and Israel Chemical Ltd (Israel).
Report at www.rnrmarketresearch.com/contacts/?rname=168478 .
The break-up profile of primary discussion participants is given here Tier 1 (25%); Tier 2 (33%) and Tier 3 (42%) companies were contacted for interviews. The interviews were conducted with various key people such as Managers (37%), Consultants (13%), Directors (10%) and Sales Executive (40%) from various key organizations.
The primary interviews were conducted worldwide covering regions such as Asia-Pacific (30%), Europe (27%), North America (25%), Latin America and the Middle East & Africa – (18%).
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