Global Bromine Derivative Market to Reach USD 12,037.00 Million by 2034, Driven by Rising Demand in Flame Retardants and Water Treatment | Future Market Insights, Inc. [Yahoo! Finance]
Albemarle Corporation (ALB)
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Source: Yahoo! Finance
Bromine derivatives like potassium bromide and sodium bromide are essential in the production of sedatives, anticonvulsants, and other medications. As the U.S. experiences an aging population, the demand for these drugs is expected to rise, further boosting the need for bromine derivatives in pharmaceutical manufacturing. NEWARK, DE / ACCESSWIRE / December 18, 2024 / The bromine derivative market is poised for substantial growth, with a projected compound annual growth rate (CAGR) of from 2024 to 2034. Valued at USD 7,292.20 million in 2024, the market is expected to surge to an impressive USD 12,037.00 million by 2034. This remarkable expansion is driven by increasing demand across various applications, including flame retardants, oil and gas drilling, water treatment, and pharmaceuticals. The market's robust growth trajectory reflects advancements in bromine-based technologies and rising industrial requirements, making it a pivotal segment within the broader chemical industry. B
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ALB
Earnings
- 11/6/24 - Miss
ALB
Sec Filings
- 12/6/24 - Form 4
- 12/5/24 - Form SC
- 12/5/24 - Form 144
- ALB's page on the SEC website