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Global Bromine Market Analysis, Share, Trends, Forecast: By Type: Hydrogen Bromide, Organobromine, Bromide Salts, Others; By Application: Biocides, Flame Retardants, Bromine-Based Battery, Clear Brine Fluids (CBF), Fine Chemicals, Agriculture Products, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Bromine Market Outlook
The global bromine market reached a value of USD 4.17 billion in 2023. The market is further expected to grow at a CAGR of 4.1% between 2024 and 2032 to reach a value of USD 6.03 billion by 2032.
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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.
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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.
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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.
| 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- 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, Latin America, Europe, Middle East and Africa, Asia Pacific |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Trade Data Analysis | Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume |
| Price Analysis | Historical and Forecast Price Trends-Regional |
| 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 |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Bromine Market Analysis
8.1 Key Industry Highlights
8.2 Global Bromine Historical Market (2018-2023)
8.3 Global Bromine Market Forecast (2024-2032)
8.4 Global Bromine Market by Type
8.4.1 Hydrogen Bromide
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Organobromine
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Bromide Salts
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Bromine Market by Application
8.5.1 Biocides
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Flame Retardants
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Bromine-Based Battery
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Clear Brine Fluids (CBF)
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Fine Chemicals
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Agriculture Products
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Bromine 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 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 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 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 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 Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
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 Trade Data Analysis (HS Code – 280130)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Israel Chemicals Ltd (ICL)
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 LANXESS Corporation
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Albemarle Corporation
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 Jordan Bromine Company (JBC)
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Tata Chemicals Ltd.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Bromine Market: Key Industry Highlights, 2018 and 2032
2. Global Bromine Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Bromine Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Bromine Historical Market: Breakup by Application (USD Billion), 2018-2023
5. Global Bromine Market Forecast: Breakup by Application (USD Billion), 2024-2032
6. Global Bromine Historical Market: Breakup by Region (USD Billion), 2018-2023
7. Global Bromine Market Forecast: Breakup by Region (USD Billion), 2024-2032
8. North America Bromine Historical Market: Breakup by Country (USD Billion), 2018-2023
9. North America Bromine Market Forecast: Breakup by Country (USD Billion), 2024-2032
10. Europe Bromine Historical Market: Breakup by Country (USD Billion), 2018-2023
11. Europe Bromine Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Asia Pacific Bromine Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Asia Pacific Bromine Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Latin America Bromine Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Latin America Bromine Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Middle East and Africa Bromine Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Middle East and Africa Bromine Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Major Importing Countries by Volume (2020)
19. Major Exporting Countries by Volume (2020)
20. Major Importing Countries by Value (2020)
21. Major Exporting Countries by Value (2020)
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Bromine Market Structure
Key Questions Answered in the Report
In 2023, the global bromine market attained a value of nearly USD 4.17 billion.
The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.
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.
Analyst Review
The global bromine market attained a value of nearly USD 4.17 billion in 2023, driven by the increased demand from biocides, fire retardants, oil and gas drilling. Aided by massive demand for organobromines and increasing demand for bromine in industries like cosmetics, textiles, pharmaceutical, and agro-fumigant sectors, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 4.1%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. On the basis of type, the market is divided into hydrogen bromide, organobromine, and bromide salts, among others. Bromine finds wide application in segments such as biocides, flame retardants, bromine-based battery, clear brine fluids (CBF), fine chemicals, and agriculture products, among others. The major regional markets for bromine market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa with Asia Pacific accounting for the largest share in the market. The major players in the industry are Israel Chemicals Ltd (ICL), LANXESS Corporation, Albemarle Corporation, Jordan Bromine Company (JBC), and Tata Chemicals Ltd., among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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