According to ChemAnalyst report, “Global Bromine Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global bromine market has shown promising growth in the past five years and is anticipated to achieve a CAGR of 4.85% during the forecast period.Increasing demand for flame retardants from construction and automotive and other areas coupled with the increasing demand for clear brine fluids from oil and gas extraction is expected to drive the demand of bromine during forecast period.Moreover, the increasing demand of hydrogen bromide from hydrogen bromide flow batteries which find application in electric vehicles is also an influencing factor supporting demand growth during the forecast period.Get more info: https://www.chemanalyst.com/industry-report/bromine-market-584Bromine is a halogen element which appears as a red brown liquid at room temperature.Bromine has application in various areas including flame retardants, water treatment and biocides, mercury emission control, hydrogen bromide flow batteries, pesticides, plasma etching, pharmaceuticals, and others.In 2020, the spread of COVID-19 in major global economies caused nationwide lockdowns which had an impact on a number of industries.In the first half of FY20 sudden outbreak of novel coronavirus followed by fall in in the demand of construction and automotive rendered a major downfall in the global bromine, hence the prices remained low for bromine during the coronavirus pandemic.
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