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Global Bromine Derivatives Market Size, Share, Trends, Forecast: By Derivatives: Bromo Benzene, Bromo Chloro Propane (BCP), n-Propyl Bromide (NBR), Inorganic Bromides, Alkyl Bromides, Others; By Application: Pharmaceutical, Chemical Synthesis, Solvent, Flame Retardants, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Bromine Derivatives Market Outlook
The global bromine derivatives market size reached approximately USD 4.79 billion in 2023. The market is further projected to grow at a CAGR of 5.10% between 2024 and 2032, reaching a value of USD 7.50 billion by 2032.
Key Trends in the Market
Bromine is a volatile red-brown chemical element whose properties are intermediate between iodine and chlorine. The derivatives of bromine include alkyl bromides, bromo benzene, n-propyl bromide (NBR), inorganic bromides, and bromo chloro propane (BCP), among others, which are widely used in chemical, pharmaceutical, and water treatment sectors.
- The key trends fuelling the growth of the bromine derivatives market include increasing concerns pertaining to water pollution. Bromine derivatives are used for controlling bacteria and algae, among other microorganisms and are also used as disinfectants in various water treatment applications. Due to rising demand for safe and clean drinking water, the requirement for bromine derivatives is increasing.
- The adoption of bromine derivatives as an active pharmaceutical ingredient in the pharmaceutical sector is rising as they are used in the production of various pharmaceutical compounds such as sedatives, tranquilisers, and anti-epileptics. Bromine-based ingredients are also essential in the synthesis of various prescription drugs and in treatment of various health problems.
- The rising requirement for bromine derived flame retardant materials from the electrical and electronics sector due to increased adoption of electronic devices such as smartphones, laptops, and computers is aiding the market growth.
Market Analysis
Based on derivatives, the bromine derivatives market segmentation includes bromo benzene, bromo chloro propane (BCP), n-propyl bromide (NBR), inorganic bromides, and alkyl bromides, among others. On the basis of application, the market is segregated into pharmaceutical, chemical synthesis, solvent, flame retardants, and water treatment, among others. By region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global bromine derivatives market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Albemarle Corporation
- Dhruv Chem Industries.
- Gulf Resources, Inc.
- Jordan Bromine Company
- Pacific Organics Pvt Ltd.
- Mody Chemi-Pharma Limited
- Lanxess AG
- Krishna Solvechem Ltd.
- Others
Market Share by Application
Flame retardants are anticipated to account for a significant portion of the market due to the rising demand from automotive, electronics, rubber, and construction sectors. In consumer electronics like computers, bromine derived flame retardant materials are used in connectors, printed circuit boards, electrical cables, and plastic covers. They also find applications in multitude of products including plastic covers of television sets, upholsteries, paints, and domestic kitchen appliances, among others.
Market Share by Region
The Asia Pacific is expected to account for a significant share of the market over the forecast period owing to the increasing infrastructural development activities and growing population in the region. Bromine derivatives are commonly used in construction materials due to their anti-corrosive properties. Furthermore, increasing investments by various countries in the Asia Pacific towards the growth and development of pharmaceutical and healthcare sectors is boosting the bromine derivatives market demand. The strong presence of various speciality bromine derivative manufactures and bulk suppliers is also positively influencing the market expansion.
Competitive Landscape
Albemarle Corporation is a speciality chemicals manufacturing company that was established in 1994 and is headquartered in North Carolina, United States. The company is one of the largest providers of lithium used in electric vehicle batteries.
Dhruv Chem Industries. is one of the leading providers of speciality chemicals and bromine-based intermediates such as aliphatic bromide and di bromo alkane. The company was founded in 1995 and is headquartered in Gujarat, India.
Gulf Resources, Inc. is one of the leading chemical manufacturing companies in China, involved mainly in the production and distribution of crude salt and bromide. Their products are used in pharmaceutical, paper making, and oil and gas exploration sectors.
Other players in the bromine derivatives market include Jordan Bromine Company, Pacific Organics Pvt Ltd., Mody Chemi-Pharma Limited, Lanxess AG, and Krishna Solvechem Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Derivatives |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Bromine Derivatives Market Analysis
8.1 Key Industry Highlights
8.2 Global Bromine Derivatives Historical Market (2018-2023)
8.3 Global Bromine Derivatives Market Forecast (2024-2032)
8.4 Global Bromine Derivatives Market by Derivatives
8.4.1 Bromo Benzene
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Bromo Chloro Propane (BCP)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 n-Propyl Bromide (NBR)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Inorganic Bromides
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Alkyl Bromides
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Bromine Derivatives Market by Application
8.5.1 Pharmaceutical
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Chemical Synthesis
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Solvent
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Flame Retardants
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Water Treatment
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Bromine Derivatives Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Bromine Derivatives Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Bromine Derivatives Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Bromine Derivatives Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Bromine Derivatives Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Bromine Derivatives Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirate
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Albemarle Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Dhruv Chem Industries.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Gulf Resources, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Jordan Bromine Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Pacific Organics Pvt Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Mody Chemi-Pharma Limited
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Lanxess AG
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Krishna Solvechem Ltd.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Bromine Derivatives Market: Key Industry Highlights, 2018 and 2032
2. Global Bromine Derivatives Historical Market: Breakup by Derivatives (USD Billion), 2018-2023
3. Global Bromine Derivatives Market Forecast: Breakup by Derivatives (USD Billion), 2024-2032
4. Global Bromine Derivatives Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Bromine Derivatives Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Bromine Derivatives Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Bromine Derivatives Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Bromine Derivatives Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Bromine Derivatives Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Bromine Derivatives Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Bromine Derivatives Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Bromine Derivatives Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Bromine Derivatives Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Bromine Derivatives Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Bromine Derivatives Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Bromine Derivatives Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Bromine Derivatives Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Global Bromine Derivatives Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 4.79 billion in 2023.
The market is projected to grow at a CAGR of 5.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 7.50 billion by 2032.
The major market drivers include rising requirement for flame retardant materials from various end user industries and growth of the oil and gas sector.
The key trends fuelling the growth of the market include rising utilisation for water treatment and growing applications of bromine derivatives as an active pharmaceutical ingredient.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The applications of bromine derivatives include pharmaceutical, chemical synthesis, solvent, flame retardants, and water treatment, among others.
The key players in the market are Albemarle Corporation, Dhruv Chem Industries., Gulf Resources, Inc., Jordan Bromine Company, Pacific Organics Pvt Ltd., Mody Chemi-Pharma Limited, Lanxess AG, and Krishna Solvechem Ltd., among others.
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