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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

Global Bromine Market Outlook

The global bromine market reached a value of USD 4.17 billion in 2024. The market is further expected to grow at a CAGR of 5% between 2025 and 2034 to reach a value of USD 6.47 billion by 2034. 

Bromine Market

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The Asia Pacific Region to Represent a Significant Consumption and Production Base for Bromine

The Asia Pacific region was one of the most significant markets for bromine in 2020. The massive demand for organobromines in the Asia Pacific has been driven by a growing need for zinc-bromine flow batteries and increased flame-retardant products use in the region. China is one of the leading markets in the region.

China is one of the world's most extensive production bases for electronics. In the electronics sector, products, like smartphones, TVs, wires, and others, have recorded the highest growth. The nation not only serves the domestic electronics demand, but it also exports electronic products to other countries. In China, the manufacturing of electronics is expected to rise with the increasing purchasing power of the middle-class population and the increasing demand for electronic products exports from China. Thus, the rising demand for bromine-based batteries and flame-retardants is expected to rise as the electronics and construction sector increases.

India is also a significant producer in the market. Bromine is primarily used by flame retardants, batteries based on bromines, transparent salt fluids, and others. The electronics market in India is among the country's largest, as well as the fastest-growing sectors. As labour costs are increasing, many manufacturers are switching from China to India to satisfy the growing demand. Government schemes, such as Digital India, is also expected to boost the growth in the manufacturing of electronics. These factors are projected to increase the bromine demand in the region during the forecast period.

Bromine Market Segmentation

Bromine refers to a chemical that is primarily used as a fire retardant, or as a fire prevention product, by means of a wide range of derivatives and compounds. Such flame retardants are used as inputs to the production process and end products.

Bromine Market By Segments

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On the basis of type, the market is divided into:

  • Hydrogen Bromide
  • Organobromine 
  • Bromide Salts
  • Others

Bromine finds wide application in the following segments:

  • Biocides
  • Flame Retardant
  • Bromine-Based Battery
  • Clear Brine Fluids (CBF)
  • Fine Chemicals
  • Agriculture Products
  • Others

The regional markets for bromine include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Bromine Market By Region

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Rising Downstream Demand to Bolster the Market Growth of Bromine

The demand for bromine is expected to increase considerably between 2021 and 2026 owing to its increased demand from biocides, fire retardants, oil and gas drilling, plasma grafting and PTA synthesis segments. The consumption growth of bromine is expected to be boost by the demand for bromine in many industries like cosmetics, textiles, pharmaceutical, and agro-fumigant sectors. The application of bromine in flame retardants is expected to continue to boost the market growth in the coming years.

Key Industry Players in the Global Bromine Market

The report gives a detailed analysis of the following key players in the global bromine market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Israel Chemicals Ltd (ICL)
  • LANXESS Corporation
  • Albemarle Corporation 
  • Jordan Bromine Company (JBC)
  • Tata Chemicals Ltd.
  • Others

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.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Application
  • Region
Breakup by Type
  • Hydrogen Bromide
  • Organobromine
  • Bromide Salts
  • Others
Breakup by Application
  • Biocides
  • Flame Retardants
  • Bromine-Based Battery
  • Clear Brine Fluids (CBF)
  • Fine Chemicals
  • Agriculture Products
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Israel Chemicals Ltd (ICL)
  • LANXESS Corporation
  • Albemarle Corporation 
  • Jordan Bromine Company (JBC)
  • Tata Chemicals Ltd.
  • Others
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

In 2024, the global bromine market attained a value of nearly USD 4.17 billion.

The market is projected to grow at a CAGR of 5% between 2025 and 2034.

The major drivers of the market include the application of bromine in flame retardants, massive demand for organobromines, introduction of various schemes in favour of bromine by the government, increase in electronics and construction sector, growing need for zinc-bromine flow batteries, and increasing purchasing power.

The increased demand from biocides, fire retardants, oil and gas drilling, and the surging demand for bromine in industries like cosmetics, textiles, pharmaceutical, and agro-fumigant sectors are the key trends propelling the market's growth.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The different types of bromine in the market are hydrogen bromide, organobromine, and bromide salts, among others.

The major application of bromine are biocides, flame retardant, bromine-based battery, clear brine fluids (CBF), fine chemicals, and agriculture products, among others.

The key 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.

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