Bromine market growth is expected to be aided by increased plastic demand from the automobile industry. The market is predicted to grow as the automotive sector increasingly replaces metal with plastic in the production of lightweight vehicles in response to rising environmental concerns. Furthermore, plastic is becoming increasingly used in the electronic industry for applications including wire and cables, switches, connectors, and printed circuit boards.
Bromine's market is predicted to rise due to rising demand for disinfectants and biocides. Another key reason driving bromine market expansion is the increase in oil and gas related activities such as drilling fluids. Bromine is commonly utilised in the oil and gas drilling process as a transparent brine. All of these factors are expected to boost bromine market growth throughout the forecast period.
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