Bromine Market to Expand at a Healthy at a 5.0% CAGR from 2017 - 2025Posted by pranav suryawanshi on September 27th, 2019 Established Global Bromine Market wield a substantial control over the bromine market, worldwide. Their dominant position is a result of their massive manufacturing capacities and significant geographical outreach. Armed with substantial technological and financial resources, the companies have been nimbly adapting to various market changes. In order to bolster their positions further, these companies have been leveraging astute pricing policies and product development. Bromine and its derivatives are increasingly finding application in lessening mercury emissions from smokestacks of coal-fired plants that poses hazard to human health. In fact, many governments and other authorities already have regulations in place to arrest mercury emission. This in turn has provided a fillip to the global bromine market. Besides, bromine is also used in water treatment – be it industrial water treatment or residential or commercial water purification. This is another growth driver in the market. The information Presented in this Review is Based on Press-Release by TMR Negatively impacting its market, on the other hand, is the fact that bromine is a hazardous waste, which has to be disposed of carefully so as to cause minimum damage to the environment and humans. Further, bromine vapor is highly corrosive. The problem becomes aggravated in presence of moisture on account of the formation of acids. Therefore, bromine needs be kept dry during transportation and storage. A report by Transparency Market Research, forecasts the global bromine market to expand at a lackluster CAGR of 5.0% from 2017 to 2025, to become worth US.674 bn by 2025 from US.74 in 2016. Like it? Share it! More by this author |