The bromine derivatives market was worth USD 3.87 billion in 2018 and is expected to increase to USD 5.57 billion by 2027, with a CAGR of 4.7 percent from 2019 to 2027.
Urbanization and the rising construction industry are driving market growth. Plastics, textiles, and electrical/electronic devices all benefit from them. Plastics play an essential part in the construction and building industry. Furthermore, urbanisation is predicted to increase demand for a variety of plastic building goods that must contain flame retardants as a legal requirement. In the forecast period, a large growth in urbanisation is expected to fuel demand for bromine derivatives used in flame retardants.
The Global Bromine Derivatives Market study offers a comprehensive analysis of the industry. The research includes a detailed analysis of key segments, trends, drivers, constraints, the competitive landscape, and other important market variables.
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