Bromine Market - Global Market Share, Trends, Analysis and Forecast 2023 – 2032

The global bromine market was estimated to be US$ 3.4 billion in 2022 and is expected to reach US$ 5.2 billion by 2032 at a CAGR of 4.3%.

Bromine is a kind of compound component with image Br and atomic number 35, which has a stifling, and aggravating smell. Bromine is a brownish-red fluid at room temperature, and it is the lone non-metallic component which exists in a fluid state, and when it vanishes a red fume that has a horrendous scent like that of chlorine is recognized. It is additionally dissolvable in natural solvents and in water.

Specifically bromine is getting eminent consideration for its fire resistant properties which make it reasonable for a scope of end utilizes as mentioned. Brominated fire retardants include almost 70 compound substances with properties that make them ideal for clothes washers, PCs, radio and TVs.

Numerous structures are presently outfitted with froth protection to make structures more energy-productive. This becomes fundamental as energy use in structures represents over 40% of CO2 footprint emissions. These froths are additionally profoundly combustible, which makes it significant that protection froths have adequate fire resistance. Halogenated fire retardants are steadily being eliminated because of the danger that they posture to the climate. Inside provinces, endeavors are being supported to foster more secure options that leave a lesser effect on the climate.

The preeminent utilization of bromine is for the assembling of brominated fire retardants. High accessibility of bromine is found in seawater, for instance the Dead Ocean in the Center East, represents one billion tons of extractable bromine. Industrial source of bromine incorporate effluents or waste through which bromine is acquired by bromination reaction.

Demand for bromine is developing at a quick spot, which makes it a provoking assignment for producers to remain apace. All around the world, bromine compounds are as a rule progressively pursued as crude materials in different end utilized in oil and gas and petrochemicals.

Bromine is additionally used to diminish mercury discharge from enterprises and coal-based force plants. Bromide added substances convert natural mercury into its oxidized structure, which can be caught all the more effectively by emanation control gear. Likewise, use of hydrogen bromide in stream batteries is decidedly affecting the interest viewpoint for bromine market during 2023-2032.

Expanding oil and gas related exercises are giving worthwhile development possibilities to bromine producers. Clear saline solution liquids (CBFs) are acquiring foothold because of weighty utilization of these liquids in penetrating exercises for oil and gas. The bromine market is exceptionally united with the presence of a couple of players who are ruling with a huge lump of the general bromine market currently.

Notwithstanding, consistent inventory for bromine all around the world, nations, for example, China are seeing a deficit which is resulting in demand supply gap. In regard to this, Tosoh is intending to extend its production limit to offer a scope of brominated items like fungicides, agrochemicals and fire retardants. Tosoh Organization is one of the significant producers of Bromine in Asia. The organization sells its bromine in its local market of Japan, along with different provinces of Asia.

Areas like North America, in its mission to lessen its reliance on OPEC, is putting intensely in the penetrating of shale holds. Asia Pacific has an enormous number of shale gas repositories, in which China holds the biggest share for shale recovery. The unremitting investigation for shale and resulting uptick in boring exercises in along these lines boosting the utilization for CBFs inside this province in coming 2023-2032 period.

Global Bromine Market Value Share Analysis, by Geography (2022)

The report titled “Global Bromine Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032”, wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the Global Bromine Market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.

The global Bromine market is segmented as derivative, application and end-user, and region. Based on derivative, the Bromine market is segmented into organo bromines, bromide salts, hydrogen bromide, other. Based on application, the Bromine market is segmented into biocides, flame retardants, bromine-based battery, clear brine fluids, other. Based on end-user, the Bromine market is segmented into automotive, oil & gas, other.

Based on geography, the Global Bromine Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America is sub-segmented into the United States, Canada and Rest of North America. Europe is sub-segmented into Germany, United Kingdom, Italy, France, Spain, and Rest of Europe. Asia Pacific is sub-segmented into China, Japan, India, Australia, and Rest of Asia Pacific. Middle East & Africa is sub-segmented into Saudi Arabia, UAE, South Africa and Rest of Middle East & Africa. South America is sub-segmented into Brazil and Rest of South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment and would identify the segment of the company focusing on Global Bromine Market. Further, market share of prominent companies in the Global Bromine Market would also be estimated. 

The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, swot analysis, and research and development focus of all the Bromine companies. The Global Bromine Market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution. Product portfolio would focus on all the products under the Bromine business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the Global Bromine Market.

The key players of the Global Bromine Market are Tata Chemicals Ltd., Albemarle Corporation, LANXESS, Honeywell International Inc, ICL, TETRA Technologies, Inc, Tosoh Corporation, JBC, Hindustan Salts Ltd, BEACON ORGANOSYS, MORRE-TEC Industries, Perekop bromine, JK Chemicals(JKC), Gulf Resources, Inc., Mody Chemi-Pharma Limited, A. B. Enterprises, SSS Enterprises, Pacific Biochem Private Limited., Neutron Drugs & Pharmaceuticals Private Limited., Hexagon Ingredients and Aaa Salt & Chemicals Pvt. Ltd, and others.

Global Bromine Market Segmentation

Based on Derivative

• Organo bromines
• Bromide salts
• Hydrogen bromide
• Other

Based on Application

• Biocides
• Flame retardants
• Bromine-based battery
• Clear brine fluids
• Other

Based on End Use

• Automotive
• Oil & gas
• Other

By Region

• North America
  • United States
  • Canada
  • Rest of North America
• Europe
  • Germany
  • United Kingdom
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  
  • Japan
  • India
  • China
  • Australia
  • South Korea
  • Rest of Asia Pacific
• Middle East & Africa
  •  UAE
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• South America
  • Brazil
  • Rest of South America