Flame Retardants to Hold Largest Market Share in India Bromine Market During Forecast Period
Increasing demand for
bromine from various end user industries such as consumer electronics, oil
& gas, among others to drive the growth of India bromine market
According
to TechSci Research report, “India Bromine Market By Derivative, By
Application, By End User Industry, By Region, Competition, Forecast &
Opportunities, 2025” the India bromine market is
expected to grow at a steady CAGR during the forecast period owing to the increased
use of bromine in various applications such as flame retardant, photographic
chemical, bleaching & oxidizing chemical, precision cleaning, monomers for
specialty polymers, organic intermediates, among others. Additionally, growing demand for flame retardants in
the textile and electronic industries is further expected to propel the market
during forecast period. However, emergence of non-halogenated flame retardants can
hamper the growth of market during forecast period. Moreover, environmental and
health concerns regarding brominated flame retardants further restrict the
market growth.
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The India bromine market is segmented based on derivative, application,
end user industry, and region. Based on application, the market can be
fragmented into flame retardants, water treatment, Hbr flow batteries, mercury
emission control, PTA synthesis and others. The
flame retardants are expected to hold the largest market share owing to the
stringent fire safety regulations implemented by the regulatory bodies which
augment the consumption of flame retardants in various end-use industries, such
as electronics & consumer goods, building & construction, automotive,
textile, rubber, elastomer, among others.
Honeywell International
India Pvt. Ltd., Hindustan Salts Limited, Tata Chemicals Limited, Tosoh
Corporation, Lanxess India Private Limited, Sanofi India Ltd, Solaris ChemTech
Industries Limited, Sang Froid Chemicals Pvt Ltd, Archean Chemical Industries Private
Ltd and others are some of the leading players operating in India bromine
market. The companies operating in the market are using organic strategies such
as product launches, mergers and collaborations to boost their share.
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“India
bromine market is anticipated to witness robust growth during the forecast
period owing to the increasing use of bromine in agricultural, residential and
chemical applications. Additionally, government initiatives, like Digital
India, are stimulating the growth in the electronics manufacturing sector,
which is projected to further propel the market through 2025” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“India Bromine Market By Derivative, By Application,
By End User Industry, By Region, Competition, Forecast & Opportunities,
2025” has
evaluated the future growth potential of India bromine market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India bromine market.
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