The Asia Pacific holds a significant share of the market due to the expanding applications of bromine in the electronics, construction, and automotive sectors. The manufacturing of clear brine drilling fluids and brominated flame retardants (BFRs) is the primary application of bromine globally.
China and Israel are the global key producers of bromine, with a production capacity of 70 KMT and 170 KMT, respectively, and one billion metric tonnes of bromine is estimated to be present in the Middle East's Dead Sea. The robust availability of bromine in Asia supports the extensive application of bromine in this region. Additionally, the growing employment of bromine-based batteries in the automotive sector further contributes to the bromine market growth.
The expanding demand for bromine-based batteries for sustainable energy storage solutions drives the market demand. For instance, the zinc-bromine flow battery developed by Redflow (ASX: RFX) offers a sustainable energy storage solution. The tough battery is a safer, more effective, and longer-lasting substitute for lithium-ion batteries as it is made of recyclable components.
Its primary components, zinc and bromine, are less hazardous than lithium and less expensive. Such batteries also use water-based electrolytes, which are not only non-flammable but also fire-retardant. As a result, the battery is perfect for vital infrastructure, including hospitals, power plants, and military installations.
One of the largest bioenergy facilities in the U.S. has installed RedFlow batteries. A children's hospital, a large-scale solar and storage project for the Paskenta Band of Nomlaki Indians, and a US Department of Defence microgrid at the Stewart Air National Guard Base are among other projects that have installed these batteries.
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Table: Bromine Producing Countries, 2022
The major players in the global bromine market are Israel Chemicals Ltd (ICL), LANXESS Corporation, Albemarle Corporation, Jordan Bromine Company (JBC), and Tata Chemicals Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Type
|Breakup by Application
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