Report Scope & Overview:
Bromine Market Size was valued at USD 3.59 billion in 2022, and is expected to reach USD 5.59 billion by 2030, and grow at a CAGR of 5.7% over the forecast period 2023-2030.
Bromine is a chemical element that is very volatile and corrosive. It is a reddish-brown liquid that gives off fumes at room temperature and easily evaporates to form metals at high pressures. It is a halogen that is like both chlorine and iodine in some ways. It is a crystalline mineral halide salt that comes in many forms, such as hydrogen bromide, organobromine compounds, bromine fluids, and others.
Bromine is the third-largest element with halogens. At room temperature, it is a red liquid with the atomic number 35. Bromine is used as a reactant and catalyst in many places around the world. Bromine is used to make medicines, disinfectants, biocides, agrochemicals, dyes, chemicals for taking pictures, and flame retardants. The Dead Sea is the largest source of bromine. It is found in places like Israel and the United States. People around the world think that these two places produce the most. In this way, the growing demand for bromine is driving the growth of the global bromine market. End-user industries like oil and gas, textiles, aerospace, cars, cosmetics, and pharmaceuticals are becoming more interested in this global market. Aside from this, environmental concerns about how bromine is used are slowing the growth of the global market in a big way.
To cut down on mercury emissions, more bromine-based chemicals are being employed.
Increasing the usage of bromine compounds to cut down on emissions of mercury.
A possible strategy for reducing mercury emissions is to use bromine compounds more widely. Due to its special chemical characteristics, bromine can effectively collect mercury, making it a practical alternative for use in a variety of sectors, including waste management and energy production. These substances are skilled at capturing emissions of mercury and preventing their discharge into the environment, whether through brominated activated carbon or scrubbing processes. This strategy shows the potential to greatly reduce mercury's harmful effects on both human health and ecology by using the binding properties of bromine, but it also calls for careful consideration of any difficulties and negative effects that could arise.
Potential harm caused by the release and persistence of bromine chemicals in ecosystems and aquatic habitats.
When handling bromine compounds, there are work-related risks, unintentional emissions, and transportation safety issues to consider.
It's crucial to handle a range of issues when working with bromine compounds that go beyond their intended usage. This includes the inherent dangers associated with the job, the possibility of unintentional emissions, and the crucial element of transportation safety. Since bromine compounds have peculiar chemical characteristics, they present difficulties including corrosiveness and toxicity, which call for the installation of strict safety precautions. Adequate training and the use of specialized personal protective equipment are essential for protecting personnel against direct contact, inhalation, and inadvertent ingestion. Furthermore, because bromine compounds are volatile, there is a danger of inadvertent emissions during industrial processes, necessitating tight containment and disposal measures to minimize environmental harm.
Notable changes in the price of oil and gas
Prices for petrol and oil have significantly changed.
Bromine's use as a disinfectant has expanded fast.
The use of bromine as a disinfectant has expanded quickly, along with its significance in hygiene. The intrinsic qualities of bromine as a potent antibacterial agent have led to its acceptance in a variety of areas, despite it being traditionally known for its effectiveness in water treatment. Due to its exceptional capacity to kill a wide range of microorganisms, including bacteria, viruses, and algae, bromine has emerged as a potent substitute for chlorine in a variety of applications, from spas and swimming pools to industrial cooling water systems. Its benefits include a very consistent performance across a wide pH range and a decreased amount of disinfection byproduct formation.
Due to the possible effects of bromine compounds, environmental monitoring, and regulatory compliance are required.
Bromine manufacturing is impacted by geopolitical concerns and supply chain weaknesses.
Geopolitical concerns and supply chain problems are closely related to bromine production. Due to geographically concentrated manufacturing areas and a limited number of manufacturers, the market is vulnerable to potential disruptions caused by geopolitical tensions, trade disputes, or changes in global dynamics. As a result, any supply-chain disruptions might cause price changes, scarcity issues, or a shortage of bromine compounds. These issues highlight the need for increased supply chain resilience, source diversity, and stakeholder industry cooperation to decrease the impact of geopolitical risks on bromine production.
Impact of Covid-19:
People are staying home because of the pandemic, which has hurt the growth of many marketing sectors. One of them is the global bromine market, which has lost a lot of money because of the lockdown. The global pandemic has stopped for a while in the first half of 2020. This has caused a lack of workers, a lack of materials, problems with health and safety, and other problems. During this time of pandemic, investors have also left the world market.
So, the bromine market overview report says that the major players are using a variety of strategies to meet customers' needs, such as introducing new technologies. The global pandemic has slowed down the growth of the global market for a while, but it can't do so for much longer. At the moment, the growth of the global market has been helped by the involvement of more key players.
Impact of Ongoing Recession
Recession will have a negative impact on the bromine market. The chemical industry was more negatively impacted, which resulted in a decline in the supply of bromine-based vehicle batteries.
After the recession, the automotive sector was adversely impacted. The likes of BMW, VW, Mercedes, Stellates, and Renault operated in a relatively bad market in 2022—down just under 10%—but earnings were largely high due to special conditions. Germany is anticipated to lead a recession the following year. Despite this, it is anticipated that sales will increase by just over 10%, although earnings will face pressure. Since Bromine is used as a compound in automotive batteries, it will be negatively affected since according to data given above, automotive will suffer during recession.
Recessions may have a big influence on the medical business, changing how healthcare is delivered, how research is conducted, and how the industry as a whole operates.
Impact of Russia Ukraine War
The Ukraine-Russia conflict has been around the world, and negative effects are anticipated, particularly in Eastern Europe, the European Union, Eastern, and Central Asia, and the United States.
The year 2022 has been challenging for the global Bromine business due to the Russian invasion of Ukraine, record-high global inflation, and supply shortages. The European Union and the West slapped restrictions on bromine shipments from Russia, the second-largest supplier of chemicals, which changed the trade relationships between practically all of the countries.
India, which imports 65% of its chemical needs, has been unable to escape the consequences of fluctuations in the price of chemicals worldwide. Chemicals prices countrywide rose sharply in 2022 by the spike in chemicals prices. At $9.33 per million British thermal units (BTU), prices for US Chemicals jumped to a 14-year high in August 2022.
LANXESS AG, TETRA Technologies, Inc., ICL Group Ltd., TATA Chemicals Ltd., Albemarle Corporation, Solaris Chemtech Industries Ltd., Hindustan Salts Ltd., Tosoh Corporation, Honeywell International Inc., Satyesh Brinechem Pvt. Ltd., and other players.
Clear brine fluid
Oil and gas drilling
Mercury emission control
BHR flow batteries
Oil & gas
Asia-Pacific is predicted to have the largest and fastest-growing bromine market throughout the forecast period, with China, Japan, and India being the leading nations with the most promising growth prospects. The expanding construction and automotive sectors in the area, together with their rising bromine consumption, are two of the main factors driving the bromine market in the Asia-Pacific. Due to its growing reliance on imports to satisfy its domestic needs after the nation banned the entry of bromine and its related compounds, China is anticipated to dominate the market in the area.
The third-largest market share belongs to the bromine market in Europe. The chemical bromine is adaptable and has a wide range of uses in several industries. For instance, it is employed in the creation of compounds for water treatment, flame retardants, and medications. A robust network of suppliers and distributors supports the European market. This guarantees that customers may have a steady supply of items containing high-quality bromine at affordable rates. Additionally, the UK's bromine market was the one in Europe with the quickest rate of growth, while Germany's bromine market had the biggest market share.
North America's bromine market is anticipated to see the highest CAGR growth. This is explained by the rising demand for water treatment chemicals and flame retardants in the area. The bromine market in North America is anticipated to expand as a result of the rising demand for these applications. Additionally, the region is home to a number of significant bromine producers, which is another aspect anticipated to support market expansion.
Rest of Eastern Europe
Rest of Western Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East
Rest of Africa
Rest of Latin America
In Shandong Province, China's Bohai Marine Fine Chemical Industrial Park, Gulf Resources Inc. opened a new chemical facility in June 2021.
The reorganization of the bromine and lithium global business units (GBU) into a new organizational structure was announced by Albemarle Corporation in August 2022. The readjustment attempts to satisfy rising client demand and operate in a cutthroat international market.
|Market Size in 2022||US$ 3.59 Billion|
|Market Size by 2030||US$ 5.59 Billion|
|CAGR||CAGR of 5.7% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Derivatives (Hydrogen bromides, Organobromines, Clear brine fluid)
• By Applications (Oil and gas drilling, Pesticides, Flame retardants, Mercury emission control, BHR flow batteries, Water treatment, Others)
• By End-users (Agriculture, Textiles, Pharmaceuticals, Oil & gas, Automotive, Cosmetics)
|Regional Analysis/Coverage||North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)|
|Company Profiles||LANXESS AG, TETRA Technologies, Inc., ICL Group Ltd., TATA Chemicals Ltd., Albemarle Corporation, Solaris Chemtech Industries Ltd., Hindustan Salts Ltd., Tosoh Corporation, Honeywell International Inc., Satyesh Brinechem Pvt. Ltd.|
|KEY DRIVERS||• To cut down on mercury emissions, more bromine-based chemicals are being employed.
• Increasing the usage of bromine compounds to cut down on emissions of mercury.
|Restraints||• Potential harm caused by the release and persistence of bromine chemicals in ecosystems and aquatic habitats.
• When handling bromine compounds, there are work-related risks, unintentional emissions, and transportation safety issues to consider.
Ans: People are staying home because of the pandemic, which has hurt the growth of many marketing sectors. One of them is the global bromine market, which has lost a lot of money because of the lockdown. The global pandemic has stopped for a while in the first half of 2020. This has caused a lack of workers, a lack of materials, problems with health and safety, and other problems. During this time of pandemic, investors have also left the world market.
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: More bromine compounds are being used to reduce mercury emissions, Increasing use of bromine compounds to reduce mercury emissions and Growing use of bromine compounds to reduce mercury emissions are the drivers for Bromine Market.
Ans: Bromine is a chemical element that is very volatile and corrosive. It is a reddish-brown liquid that gives off fumes at room temperature and easily evaporates to form metals at high pressures.
Ans: Bromine Market Size was valued at USD 3.4 billion in 2021, and expected to reach USD 4.76 billion by 2028, and grow at a CAGR of 5.7% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 Impact of Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Bromine Market, By Derivatives
8.1 Hydrogen bromides,
8.3 Clear brine fluid
9. Bromine Market By Applications
9.1 Oil and gas drilling
9.3 Flame retardants
9.4 Mercury emission control
9.5 BHR flow batteries
9.6 Water treatment
10. Bromine Market, By End-users
10.4 Oil & gas
11. Regional Analysis
11.2 North America
11.2.1 North America Bromine Market by Country
11.2.2North America Bromine Market by Derivatives
11.2.3 North America Bromine Market by Applications
11.2.4 North America Bromine Market by End-users
18.104.22.168 USA Bromine Market by Derivatives
22.214.171.124 USA Bromine Market by Applications
126.96.36.199 USA Bromine Market by End-users
188.8.131.52 Canada Bromine Market by Derivatives
184.108.40.206 Canada Bromine Market by Applications
220.127.116.11 Canada Bromine Market by End-users
18.104.22.168 Mexico Bromine Market by Derivatives
22.214.171.124 Mexico Bromine Market by Applications
126.96.36.199 Mexico Bromine Market by End-users
11.3.1 Eastern Europe
188.8.131.52 Eastern Europe Bromine Market by Country
184.108.40.206 Eastern Europe Bromine Market by Derivatives
220.127.116.11 Eastern Europe Bromine Market by Applications
18.104.22.168 Eastern Europe Bromine Market by End-users
22.214.171.124.1 Poland Bromine Market by Derivatives
126.96.36.199.2 Poland Bromine Market by Applications
188.8.131.52.3 Poland Bromine Market by End-users
184.108.40.206.1 Romania Bromine Market by Derivatives
220.127.116.11.2 Romania Bromine Market by Applications
18.104.22.168.4 Romania Bromine Market by End-users
22.214.171.124.1 Turkey Bromine Market by Derivatives
126.96.36.199.2 Turkey Bromine Market by Applications
188.8.131.52.3 Turkey Bromine Market by End-users
184.108.40.206 Rest of Eastern Europe
220.127.116.11.1 Rest of Eastern Europe Bromine Market by Derivatives
18.104.22.168.2 Rest of Eastern Europe Bromine Market by Applications
22.214.171.124.3 Rest of Eastern Europe Bromine Market by End-users
11.3.2 Western Europe
126.96.36.199 Western Europe Bromine Market by Country
188.8.131.52 Western Europe Bromine Market by Derivatives
184.108.40.206 Western Europe Bromine Market by Applications
220.127.116.11 Western Europe Bromine Market by End-users
18.104.22.168.1 Germany Bromine Market by Derivatives
22.214.171.124.2 Germany Bromine Market by Applications
126.96.36.199.3 Germany Bromine Market by End-users
188.8.131.52.1 France Bromine Market by Derivatives
184.108.40.206.2 France Bromine Market by Applications
220.127.116.11.3 France Bromine Market by End-users
18.104.22.168.1 UK Bromine Market by Derivatives
22.214.171.124.2 UK Bromine Market by Applications
126.96.36.199.3 UK Bromine Market by End-users
188.8.131.52.1 Italy Bromine Market by Derivatives
184.108.40.206.2 Italy Bromine Market by Applications
220.127.116.11.3 Italy Bromine Market by End-users
18.104.22.168.1 Spain Bromine Market by Derivatives
22.214.171.124.2 Spain Bromine Market by Applications
126.96.36.199.3 Spain Bromine Market by End-users
188.8.131.52.1 Netherlands Bromine Market by Derivatives
184.108.40.206.2 Netherlands Bromine Market by Applications
220.127.116.11.3 Netherlands Bromine Market by End-users
18.104.22.168.1 Switzerland Bromine Market by Derivatives
22.214.171.124.2 Switzerland Bromine Market by Applications
126.96.36.199.3 Switzerland Bromine Market by End-users
188.8.131.52.1 Austria Bromine Market by Derivatives
184.108.40.206.2 Austria Bromine Market by Applications
220.127.116.11.3 Austria Bromine Market by End-users
18.104.22.168 Rest of Western Europe
22.214.171.124.1 Rest of Western Europe Bromine Market by Derivatives
126.96.36.199.2 Rest of Western Europe Bromine Market by Applications
188.8.131.52.3 Rest of Western Europe Bromine Market by End-users
11.4.1 Asia-Pacific Bromine Market by Country
11.4.2 Asia-Pacific Bromine Market by Derivatives
11.4.3 Asia-Pacific Bromine Market by Applications
11.4.4 Asia-Pacific Bromine Market by End-users
184.108.40.206 China Bromine Market by Derivatives
220.127.116.11 China Bromine Market by Applications
18.104.22.168 China Bromine Market by End-users
22.214.171.124 India Bromine Market by Derivatives
126.96.36.199 India Bromine Market by Applications
188.8.131.52 India Bromine Market by End-users
184.108.40.206 Japan Bromine Market by Derivatives
220.127.116.11 Japan Bromine Market by Applications
18.104.22.168 Japan Bromine Market by End-users
11.4.8 South Korea
22.214.171.124 South Korea Bromine Market by Derivatives
126.96.36.199 South Korea Bromine Market by Applications
188.8.131.52 South Korea Bromine Market by End-users
184.108.40.206 Vietnam Bromine Market by Derivatives
220.127.116.11 Vietnam Bromine Market by Applications
18.104.22.168 Vietnam Bromine Market by End-users
22.214.171.124 Singapore Bromine Market by Derivatives
126.96.36.199 Singapore Bromine Market by Applications
188.8.131.52 Singapore Bromine Market by End-users
184.108.40.206 Australia Bromine Market by Derivatives
220.127.116.11 Australia Bromine Market by Applications
18.104.22.168 Australia Bromine Market by End-users
11.4.12 Rest of Asia-Pacific
22.214.171.124 Rest of Asia-Pacific Bromine Market by Derivatives
126.96.36.199 Rest of Asia-Pacific Bromine Market by Applications
188.8.131.52 Rest of Asia-Pacific Bromine Market by End-users
11.5 Middle East & Africa
11.5.1 Middle East
184.108.40.206 Middle East Bromine Market by Country
220.127.116.11 Middle East Bromine Market by Derivatives
18.104.22.168 Middle East Bromine Market by Applications
22.214.171.124 Middle East Bromine Market by End-users
126.96.36.199.1 UAE Bromine Market by Derivatives
188.8.131.52.2 UAE Bromine Market by Applications
184.108.40.206.3 UAE Bromine Market by End-users
220.127.116.11.1 Egypt Bromine Market by Derivatives
18.104.22.168.2 Egypt Bromine Market by Applications
22.214.171.124.3 Egypt Bromine Market by End-users
126.96.36.199 Saudi Arabia
188.8.131.52.1 Saudi Arabia Bromine Market by Derivatives
184.108.40.206.2 Saudi Arabia Bromine Market by Applications
220.127.116.11.3 Saudi Arabia Bromine Market by End-users
18.104.22.168.1 Qatar Bromine Market by Derivatives
22.214.171.124.2 Qatar Bromine Market by Applications
126.96.36.199.3 Qatar Bromine Market by End-users
188.8.131.52 Rest of Middle East
184.108.40.206.1 Rest of Middle East Bromine Market by Derivatives
220.127.116.11.2 Rest of Middle East Bromine Market by Applications
18.104.22.168.3 Rest of Middle East Bromine Market by End-users
22.214.171.124 Africa Bromine Market by Country
126.96.36.199 Africa Bromine Market by Derivatives
188.8.131.52 Africa Bromine Market by Applications
184.108.40.206 Africa Bromine Market by End-users
220.127.116.11.1 Nigeria Bromine Market by Derivatives
18.104.22.168.2 Nigeria Bromine Market by Applications
22.214.171.124.3 Nigeria Bromine Market by End-users
126.96.36.199 South Africa
188.8.131.52.1 South Africa Bromine Market by Derivatives
184.108.40.206.2 South Africa Bromine Market by Applications
220.127.116.11.3 South Africa Bromine Market by End-users
18.104.22.168 Rest of Africa
22.214.171.124.1 Rest of Africa Bromine Market by Derivatives
126.96.36.199.2 Rest of Africa Bromine Market by Applications
188.8.131.52.3 Rest of Africa Bromine Market by End-users
11.6 Latin America
11.6.1 Latin America Bromine Market by Country
11.6.2 Latin America Bromine Market by Derivatives
11.6.3 Latin America Bromine Market by Applications
11.6.4 Latin America Bromine Market by End-users
184.108.40.206 Brazil Bromine Market by Derivatives
220.127.116.11 Brazil Bromine Market by Applications
18.104.22.168 Brazil Bromine Market by End-users
22.214.171.124 Argentina Bromine Market by Derivatives
126.96.36.199 Argentina Bromine Market by Applications
188.8.131.52 Argentina Bromine Market by End-users
184.108.40.206 Colombia Bromine Market by Derivatives
220.127.116.11 Colombia Bromine Market by Applications
18.104.22.168 Colombia Bromine Market by End-users
11.6.8 Rest of Latin America
22.214.171.124 Rest of Latin America Bromine Market by Derivatives
126.96.36.199 Rest of Latin America Bromine Market by Applications
188.8.131.52 Rest of Latin America Bromine Market by End-users
12 Company profile
12.1 LANXESS AG
12.1.1 Company Overview
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 TETRA Technologies
12.2.1 Company Overview
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 ICL Group Ltd.
12.3.1 Company Overview
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 TATA Chemicals Ltd.
12.4.1 Company Overview
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Albemarle Corporation
12.5.1 Company Overview
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Solaris Chemtech Industries Ltd.
12.6.1 Company Overview
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Hindustan Salts Ltd.
12.7.1 Company Overview
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Tosoh Corporation
12.8.1 Company Overview
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Honeywell International Inc.
12.9.1 Company Overview
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 Satyesh Brinechem Pvt. Ltd.
12.10.1 Company Overview
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
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