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NEW YORK , March 31, 2022 /PRNewswire/ -- The sodium bromide market potential growth difference will reach up to USD 701.05 million , as per the latest market analysis report by Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 5.47% from 2021 to 2026. The growth of the oil and gas industry is notably driving the sodium bromide market growth, although factors such as fluctuation in crude oil prices may impede market growth.
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Sodium Bromide Market Segment Analysis
The sodium bromide market is segmented by application (Oil and gas, Pharmaceuticals, and Others) and geography (APAC, North America , Europe , Middle East and Africa , and South America ).
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Technavio categorizes the global sodium bromide market as a part of the global specialty chemicals market. Our report provides extensive information on the value chain analysis for the sodium bromide market, which vendors can leverage to gain a competitive advantage during the forecast period.
The sodium bromide market covers the following areas:
Sodium Bromide Market Sizing Sodium Bromide Market Forecast Sodium Bromide Market Analysis
The sodium bromide market is fragmented and the vendors are deploying growth strategies such as strategic partnerships and joint ventures with small and medium enterprises to compete in the market. Albemarle Corp. offers sodium bromide which is used as a solid or dissolved into a solution for the manufacturing of various chemicals such as photographic chemicals and pharmaceutical intermediates, and for other applications such as clear completion fluids. In January 2022 , the company announced the agreement signed with 6K to explore the patent uniMelt advance sustainable materials production platform for developing novel lithium battery materials through potentially disruptive manufacturing processes.
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Accelerate at a CAGR of 5.47%
APAC, North America, Europe, Middle East and Africa, and South America
US, Saudi Arabia, China, India, Norway, and Russia
Leading companies, competitive strategies, consumer engagement scope
Albemarle Corp., Alpha Chemika, American Elements, Anmol Chemicals Group, Anron Chemicals Co., Cowin Industry Ltd Shandong Hirch Chemical Co Ltd, LANXESS AG, Nilkanth Organics, Perekop bromine, Redox Pty Ltd., Schlumberger Ltd., Tata Sons Pvt. Ltd., TETRA Technologies Inc., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., WEIFANG HONGYUAN CHEM, Weifang Qiangyuan Chemical Industry Co Ltd, Weifang Taihexing Chemical Industry Co Ltd, Windia Chemicals P Ltd, and Yogi Intermediates Pvt. Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/
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