Market Overview:
The global aluminum bromide market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the aluminum bromide market can be attributed to the increasing demand for aluminum bromide from various applications such as catalyzers, lubricating oils, and others. In addition, the growing demand for aluminum bromide from emerging economies is also contributing to the growth of this market. However, volatility in prices of raw materials used in manufacturing aluminum bromide may restrain the growth of this market during the forecast period.
Product Definition:
Aluminum Bromide is a compound of aluminum and bromine. It is used as a catalyst in the production of polyethylene terephthalate (PET).
Aluminum Tribromide:
Aluminum tribromide is a salt formed by the reaction of bromine and aluminum. It has a high degree of branched hydrocarbons. The product is used as an antiseptic, deodorant, insecticide, and fungicide in various industries including agriculture chemicals and pharmaceuticals. Aluminum tribromide also acts as an intermediate for organic chemicals production such as phenols & salicylic acid derivatives which are further used for pharmaceuticals & food additives production.
Aluminum Bromide:
Aluminum bromide is a chemical compound of aluminum and bromine. It has a crystalline structure, which is white in color. Aluminum bromide can be used as an antiseptic, sedative, and rodenticide. The commercial form of the product consists of approximately 70% pure aluminum bromide along with other impurities such as calcium carbonate and calcium sulfate.
Application Insights:
The aluminum bromide is used in the lubricating oil application segment as it reduces friction and wear. The product also has a positive impact on the performance of lubricating oils, thereby enabling their use in industrial machinery. In addition, it is used as an extender in hydraulic fluids and brake fluids to improve viscosity index and density respectively.
The product is also utilized extensively for manufacturing catalysts which are widely employed for various chemical processes including cracking & reforming of hydrocarbons, olefins & aromatics production along with other related applications such as pharmaceuticals, paints & coatings among others. Catalyzers are further utilized across multiple end-use industries including automotive/transportation among others owing to its superior properties such as high surface area that enables effective poisoning by impurities at low temperatures without any preparation required before usage.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key aluminum bromide producing companies in China, India, Japan and South Korea is anticipated to have a positive impact on the regional market growth. In addition, increasing demand for lightweight vehicles coupled with growing automotive production mainly in China and India are likely to drive product demand over the forecast period.
The European aluminum bromide market was valued at USD X million in 2017 owing to stringent regulations regarding environmental pollution along with rising environmental concerns among consumers has resulted into high product consumption especially for de-pollution applications such as air & water treatment, waste management etc in Europe which accounted for more than 50% of total industry volume share back then.
Growth Factors:
- Increasing demand from end-use industries such as textiles, paints and coatings, and adhesives is expected to drive the growth of the aluminum bromide market during the forecast period.
- Rising demand for aluminum bromide in flame retardant applications is also anticipated to fuel market growth over the next few years.
- Growing awareness about the benefits of using aluminum bromide in various end-use industries is projected to boost demand for this product in the near future.
- The increasing use of aluminum bromide as a precursor for other specialty chemicals is likely to propel its market growth in coming years. 5) Expansion of global trade will create new opportunities for players operating in this market during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Aluminum Bromide Market Research Report
By Type
Aluminum Tribromide, Aluminum Bromide, Others
By Application
Catalyzer, Lubricating Oil, Others
By Companies
Alfa Aesar, BeanTown Chemical, MilliporeSigma, Acros Organics, Strem Chemicals Inc, SAE Manufacturing Specialties Corp, ProChem,Inc., Spectrum Chemical Mfg., Freedom Metals,Inc., Klein Steel Service, Alfa Aesar, Mil-Spec Industries, NOAH Technologies Corporation, Great Western Inorganics,Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
121
Number of Tables & Figures
85
Customization Available
Yes, the report can be customized as per your need.
Global Aluminum Bromide Market Report Segments:
The global Aluminum Bromide market is segmented on the basis of:
Types
Aluminum Tribromide, Aluminum Bromide, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Catalyzer, Lubricating Oil, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alfa Aesar
- BeanTown Chemical
- MilliporeSigma
- Acros Organics
- Strem Chemicals Inc
- SAE Manufacturing Specialties Corp
- ProChem,Inc.
- Spectrum Chemical Mfg.
- Freedom Metals,Inc.
- Klein Steel Service
- Alfa Aesar
- Mil-Spec Industries
- NOAH Technologies Corporation
- Great Western Inorganics,Inc.
Highlights of The Aluminum Bromide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Aluminum Tribromide
- Aluminum Bromide
- Others
- By Application:
- Catalyzer
- Lubricating Oil
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aluminum Bromide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aluminum bromide is a white crystalline powder that is used as an antacid and to neutralize acids in solutions.
Some of the major companies in the aluminum bromide market are Alfa Aesar, BeanTown Chemical, MilliporeSigma, Acros Organics, Strem Chemicals Inc, SAE Manufacturing Specialties Corp, ProChem,Inc., Spectrum Chemical Mfg., Freedom Metals,Inc., Klein Steel Service, Alfa Aesar, Mil-Spec Industries, NOAH Technologies Corporation, Great Western Inorganics,Inc..
The aluminum bromide market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aluminum Bromide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aluminum Bromide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aluminum Bromide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aluminum Bromide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aluminum Bromide Market Size & Forecast, 2018-2028
4.5.1 Aluminum Bromide Market Size and Y-o-Y Growth
4.5.2 Aluminum Bromide Market Absolute $ Opportunity
Chapter 5 Global Aluminum Bromide Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Aluminum Bromide Market Size Forecast by Type
5.2.1 Aluminum Tribromide
5.2.2 Aluminum Bromide
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Aluminum Bromide Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Aluminum Bromide Market Size Forecast by Applications
6.2.1 Catalyzer
6.2.2 Lubricating Oil
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aluminum Bromide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aluminum Bromide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Aluminum Bromide Analysis and Forecast
9.1 Introduction
9.2 North America Aluminum Bromide Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Aluminum Bromide Market Size Forecast by Type
9.6.1 Aluminum Tribromide
9.6.2 Aluminum Bromide
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Aluminum Bromide Market Size Forecast by Applications
9.10.1 Catalyzer
9.10.2 Lubricating Oil
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Aluminum Bromide Analysis and Forecast
10.1 Introduction
10.2 Europe Aluminum Bromide Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Aluminum Bromide Market Size Forecast by Type
10.6.1 Aluminum Tribromide
10.6.2 Aluminum Bromide
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Aluminum Bromide Market Size Forecast by Applications
10.10.1 Catalyzer
10.10.2 Lubricating Oil
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Aluminum Bromide Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Aluminum Bromide Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Aluminum Bromide Market Size Forecast by Type
11.6.1 Aluminum Tribromide
11.6.2 Aluminum Bromide
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Aluminum Bromide Market Size Forecast by Applications
11.10.1 Catalyzer
11.10.2 Lubricating Oil
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Aluminum Bromide Analysis and Forecast
12.1 Introduction
12.2 Latin America Aluminum Bromide Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Aluminum Bromide Market Size Forecast by Type
12.6.1 Aluminum Tribromide
12.6.2 Aluminum Bromide
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Aluminum Bromide Market Size Forecast by Applications
12.10.1 Catalyzer
12.10.2 Lubricating Oil
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Aluminum Bromide Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Aluminum Bromide Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Aluminum Bromide Market Size Forecast by Type
13.6.1 Aluminum Tribromide
13.6.2 Aluminum Bromide
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Aluminum Bromide Market Size Forecast by Applications
13.10.1 Catalyzer
13.10.2 Lubricating Oil
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aluminum Bromide Market: Competitive Dashboard
14.2 Global Aluminum Bromide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alfa Aesar
14.3.2 BeanTown Chemical
14.3.3 MilliporeSigma
14.3.4 Acros Organics
14.3.5 Strem Chemicals Inc
14.3.6 SAE Manufacturing Specialties Corp
14.3.7 ProChem,Inc.
14.3.8 Spectrum Chemical Mfg.
14.3.9 Freedom Metals,Inc.
14.3.10 Klein Steel Service
14.3.11 Alfa Aesar
14.3.12 Mil-Spec Industries
14.3.13 NOAH Technologies Corporation
14.3.14 Great Western Inorganics,Inc.
