The Europe Bromine Derivatives Market would witness market growth of 4.4% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 27.98 Kilo Tonnes, showcasing a growth of 3.5% (2019-2022).
They contribute to the formulation of pesticides and herbicides in the agricultural sector. Certain brominated compounds are effective in pest control, protecting crops from various diseases and ensuring agricultural productivity. These, particularly silver bromide, have historical significance in photography. Silver bromide is used in photographic films and papers, crucial in developing photographic images. These are used as flame retardants in the plastics industry. Plastics in electronics, construction materials, and automotive components benefit from bromine additives, enhancing their fire resistance.
Bromine derivatives find applications in the rubber industry. Bromine compounds are used as vulcanizing agents in rubber production, improving the elasticity and strength of rubber products. These are utilized in the textile industry. Flame retardant bromine compounds are incorporated into textiles, ensuring that fabrics meet fire safety standards in various applications. It plays a crucial role in the electronics industry. Flame retardants based on bromine are used in electronic devices and components to reduce fire risk and enhance safety.
The UK government invests over 160 million dollars to improve infrastructure and aid local communities. The expenditure of £35.3 million for essential maintenance on the Tyne Bridge and adjacent Central Motorway, like enhancements to traffic management and cycle route facilities, will generate £130.5 million in economic benefits by enhancing local connectivity. The A35 Redbridge Causeway is a crucial link between the New Forest, Southampton, and its port. Its essential maintenance will cost £13.4 million, and enhanced connectivity will result in roughly £340 million in direct economic benefits. The UK construction industry adheres to stringent fire safety standards and regulations. Hence, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Bromine Derivatives Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $67 million by 2030. The UK market is exhibiting a CAGR of 3.5% during (2023 - 2030). Additionally, The France market would experience a CAGR of 5.2% during (2023 - 2030).
Free Valuable Insights: The Global Bromine Derivatives Market will Hit USD 1.3 Billion by 2030, at a CAGR of 4.9%
Based on End-use, the market is segmented into Chemical, Construction, Oil & Gas, Pharmaceuticals, and Electronics & Others. Based on Derivative, the market is segmented into TBBPA, Sodium Bromide, Calcium Bromide, Zinc Bromide, DPDPE, and Others. Based on Application, the market is segmented into Flame Retardants, Organic Intermediates, Oil & Gas Drilling, Biocides, PTA Synthesis, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Derivative (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
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