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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Albemarle Corp., BEACON ORGANOSYS, Gulf Resources Inc., Honeywell International Inc., Israel Chemicals Ltd., LANXESS AG, Pacific Organics Pvt. Ltd., Perekop bromine, TETRA Technologies Inc., and Tosoh Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The growth of the oil and gas industry has been instrumental in driving the growth of the global bromine market. However, fluctuation in the prices of crude oil might hamper the market growth.
