The report presented by FMI (Future Market Insights) says that bromine is a natural resource which is found in abundance in the Dead Sea. Israel is one of the prime producers of bromine derivatives part from China. They are widely used in manufacturing products such as agrochemicals, biocides, water disinfectant, pharmaceuticals intermediates, dyes, completion fluids, flame retardants and photographic chemicals. ICL is one of the leading bromine derivatives producers. They are headquartered in Tel Aviv city of Israel. Presently the company employs more than 13000 people worldwide. ICL’s prime production list includes fire safety products, electronics and lubricants. The company’s worldwide sales went approximately close to US$6 billion in 2015. The company ICL ADVANCED ADDITIVES is on an expansion mode they recently inked a significant deal with the US Air Force. They were inducted in the US Air Force supplier’s list and they were allowed to supply 418,000 gallons of ICL AA’s Phos-Chek firefighting foam for firefighting vehicles and fire station foam stocks. The bagged contract worth approximately US$ 6.2 million.
Over the years ICL has ensured its brand name in the international market. They are known for their quality products. The company’s product went through stringent checks before the deal was done. The USAF selected the products of the ICL over the other bidders because of they met with military standards and also they tabled favourable delivery and price terms of US Air Force. The company has been one of the market leaders in the firefighting equipment segment.
The bromide derivatives market is expected to grow steadily in the next few years. The market report by FMI says that the growth will plunge and will continue to surge owing to increasing adoption as reactants in the manufacturing of agrochemicals, water disinfectants, dyes and photographic chemicals. Considering a Y-o-Y growth of 3.5% over 2015, the global bromine derivatives market is expected to reach a value of US$ 3.70 Bn in 2016 end. The markets like India, China and Japan will procure maximum bromide derivatives as the growth of the safety equipment market and massive economic boom will strengthen the growth of the bromide derivatives market in these regions of the world. Find out more by accessing free sample of the report at https://www.futuremarketinsights.com/reports/sample/rep-gb-658.