Reports
Global Bromine Market: By Type: Hydrogen Bromide, Organobromine, Bromide Salts, Others; By Application: Biocides, Flame Retardants, Bromine-Based Battery, Clear Brine Fluids (CBF), Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Bromine Market Outlook
The global bromine market reached a value of USD 3.6 billion in 2020. The market is further expected to grow at a CAGR of 5% between 2021 and 2026 to reach a value of USD 4.5 billion by 2026.
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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 | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| 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 Industry Opportunities and Challenges
8 Global Bromine Market Analysis
8.1 Key Industry Highlights
8.2 Global Bromine Historical Market (2018-2022)
8.3 Global Bromine Market Forecast (2023-2028)
8.4 Global Bromine Market by Type
8.4.1 Hydrogen Bromide
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Organobromine
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Bromide Salts
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Bromine Market by Application
8.5.1 Biocides
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Flame Retardants
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Bromine-Based Battery
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Clear Brine Fluids (CBF)
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Fine Chemicals
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Agriculture Products
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Others
8.6 Global Bromine Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis (HS Code – 280130)
12.1 Major Importing Countries
12.1.1 By Volume
12.1.2 By Value
12.2 Major Exporting Countries
12.2.1 By Volume
12.2.2 By Value
13 Price Analysis
13.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
13.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Israel Chemicals Ltd (ICL)
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 LANXESS Corporation
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Albemarle Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Jordan Bromine Company (JBC)
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Tata Chemicals Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Industry Events and Developments
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 2028
2. Global Bromine Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Bromine Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Bromine Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Bromine Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Bromine Historical Market: Breakup by Region (USD Billion), 2018-2022
7. Global Bromine Market Forecast: Breakup by Region (USD Billion), 2023-2028
8. North America Bromine Historical Market: Breakup by Country (USD Billion), 2018-2022
9. North America Bromine Market Forecast: Breakup by Country (USD Billion), 2023-2028
10. Europe Bromine Historical Market: Breakup by Country (USD Billion), 2018-2022
11. Europe Bromine Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Asia Pacific Bromine Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Asia Pacific Bromine Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Latin America Bromine Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Latin America Bromine Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Middle East and Africa Bromine Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Middle East and Africa Bromine Market Forecast: Breakup by Country (USD Billion), 2023-2028
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 2020, the global bromine market attained a value of nearly USD 3.6 billion.
The market is projected to grow at a CAGR of 5% between 2021 and 2026.
The major drivers of the market include the application of bromine in flame retardants, massive demand for organobromines, government schemes, 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 increasing demand for bromine in industries like cosmetics, textiles, pharmaceutical, and agro-fumigant sectors are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific with Asia Pacific accounting for the largest share in the market.
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 players in the industry 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 3.6 billion in 2020, 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 2021-2026, growing at a CAGR of 5%.
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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