Bromine Market Size, Share, Growth, Regional Analysis & Forecast, 2035 | ChemAnalyst


According to ChemAnalyst report, “Global Bromine Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, The Bromine market will likely experience a significant rise and reach approximately 680 thousand tonnes in 2035, at an expected CAGR of 2.79% during the forecast period by 2035. The rising demand of Bromine by Flame Retardants, Drilling Fluid, Water Treatment, Hydrogen Bromide, and Other end-use industries is anticipated to result in expansion of the Bromine market in the forecast period.

 Bromine is a halogen with the symbol Br. This element is present in sea water naturally along with chlorine. On a commercial scale, it is extracted out from brine solution. Due to its special characteristics, bromine exhibits flame retardant qualities and is frequently employed in the manufacture of flame retardants. It has applications in various industries such as oil extraction, flame-retardants, and water treatments. The niche applications of Bromine are antimicrobials, water disinfectants, agrochemicals, pigments, chemical intermediates, and photographic materials. 

The Bromine market globally is driven by its application by the Flame Retardants Industry. This Industry solely consumed approximately 45% of global Bromine. Bromine is utilized for manufacture of certain chemicals like tetrabromobisphenol A, which is further utilized for making fire retardants. Furthermore, Bromine compounds are utilized as an additive in furniture foam and body of electronic gadgets to make them resistant to catching fire, resulting in greater demand of Bromine in the coming years. Also, the application of bromine as a drilling liquid and for making biocides for water treatment is expected to increase the demand of Bromine.

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The global Bromine market is segmented based on end-use, sales channel, and region. Based on demand, Asia Pacific dominates the global Bromine market, consuming about a quarter of the global Bromine market in 2021. It is anticipated that it will continue to dominate the market in the coming years, followed by Europe and North America. Middle East is leading as a global producer of Bromine and displayed a production of more than 45% of the global Bromine in 2021. Israel and Jordan are the key producers of Bromine from this area.

Based on end-uses, the Bromine market is segregated into Flame Retardants, Drilling Fluid, Water Treatment, Hydrogen Bromide, and Others. The Flame Retardants Industry is dominating the Bromine market and is expected to maintain this position in the forecast period. In the projection period, there is expected to be an increase in demand for bromine due to the growing applications of drilling fluid and hydrogen bromide.

Global Bromine Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Foreign Trade, Company Share, 2015-2035”, the significant players functional in the Bromine market are ICL Industrial Products Limited, Albemarle Corp, Jordon Bromine Co., Agrocel Industries Private Limited, Chemtura Corp, Gulf Resources Inc, Tosoh Corporation, and Satyesh Brinechem Private Limited.

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“The surging demand for Bromine for the manufacture of Flame Retardants is expected to take the lead on expansion of the Global Bromine market in the forecast period until 2035. Bromine is Furthermore, its demand as a component for manufacturing drilling fluids is also expected to further contribute to the Global Bromine market in the forecast period. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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  • Ganesh Kumar
    published this page in Submit Content 2023-04-12 04:15:37 -0700