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Bromine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 143 Pages
  • April 2022
  • Region: Global
  • IMARC Group
  • ID: 5577866
The global bromine market reached a value of US$ 3.2 billion in 2021. Looking forward, the market is projected to reach US$ 4.2 billion by 2027, exhibiting a CAGR of 4.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use industries. These insights are included in the report as a major market contributor.



Bromine is a chemical element found naturally in Earth’s crusts and extracted via electrolysis. It is soluble in water and has a deep red color with a pungent odor. It is widely utilized to make organobromine compounds across the globe. These compounds find extensive applications in the manufacturing of halon fire extinguishers that prevent fire breakouts in places like museums, airports, and tanks. Besides this, bromine is used in film photography, surface cleaning of printed circuits and rubber used for car tires, and disinfecting swimming pools and industrial cooling water.

Bromine Market Trends


A significant part of the population suffers from famine and malnutrition on account of limited food supply, rising global population, and decreasing arable land. This represents one of the key factors positively influencing the use of bromine to improve crop yields and cater to the nutritional needs of humans. In addition, governing agencies of numerous countries are encouraging the adoption of modern agricultural practices that involve long-term storage of products, such as grains, cotton, and fresh fruit and vegetables. This, in turn, is increasing the sales of bromine to control pests degrading products stored for extended periods. Moreover, it is utilized in the preparation of over-the-counter (OTC) and prescription drugs. This, in confluence with the growing prevalence of chronic diseases, is catalyzing the demand for bromine to treat heart problems, thyroid hyperactivity, hysteria, seizures, and colic in babies. Apart from this, the thriving food and beverage (F&B) industry is contributing to the utilization of bromine as an emulsifier in beverages. Furthermore, its expanding usage in making fumigants, dyestuffs, textiles, water purification compounds, chemical intermediates, furniture foam, and plastic casings for electronics is projected to drive the market.

Key Market Segmentation


This report provides an analysis of the key trends in each sub-segment of the global bromine market, along with forecasts at the global, regional and country level from 2022-2027. The report has categorized the market based on derivative, application and End-user.

Breakup by Derivative:

  • Hydrogen Bromide
  • Organobromine Compounds
  • Bromine Fluids
  • Others

Breakup by Application:

  • Biocides
  • Flame Retardants (FR)
  • Bromine-Based Batteries
  • Clear Brine Fluids (CBF)
  • Others

Breakup by End-user:

  • Chemicals
  • Oil and Gas
  • Pharmaceuticals
  • Agriculture
  • Textiles
  • Electronics
  • Others

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape


The competitive landscape of the industry has also been examined along with the profiles of the key players being Albemarle Corporation, Chemada Industries Ltd., Gulf Resources Inc., Hindustan Salts Limited, Honeywell International Inc., ICL Group Ltd., Jordan Bromine Company Limited, Lanxess AG, Solaris Chemtech Industries Limited (Agrocel Industries Pvt. Ltd.), Tata Chemicals Limited, TETRA Technologies Inc. and Tosoh Corporation.

Key Questions Answered in This Report

  • How has the global bromine market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global bromine market?
  • What are the key regional markets?
  • What is the breakup of the market based on the derivative?
  • What is the breakup of the market based on the application?
  • What is the breakup of the market based on the End-user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global bromine market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Bromine Market

What is the estimated value of the Global Bromine Market?

The Global Bromine Market was estimated to be valued at $3.2 Billion in 2021.

What is the growth rate of the Global Bromine Market?

The growth rate of the Global Bromine Market is 4.6%, with an estimated value of $4.2 Billion by 2027.

What is the forecasted size of the Global Bromine Market?

The Global Bromine Market is estimated to be worth $4.2 Billion by 2027.

Who are the key companies in the Global Bromine Market?

Key companies in the Global Bromine Market include Albemarle Corporation, Chemada Industries Ltd., Gulf Resources Inc., Hindustan Salts Limited, Honeywell International Inc., ICL Group Ltd., Jordan Bromine Company Limited, Lanxess AG and Tata Chemicals Limited.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Bromine Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Derivative
6.1 Hydrogen Bromide
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Organobromine Compounds
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Bromine Fluids
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Application
7.1 Biocides
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Flame Retardants (FR)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Bromine-Based Batteries
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Clear Brine Fluids (CBF)
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by End User
8.1 Chemicals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Oil and Gas
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Pharmaceuticals
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Agriculture
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Textiles
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Electronics
8.6.1 Market Trends
8.6.2 Market Forecast
8.7 Others
8.7.1 Market Trends
8.7.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Albemarle Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Chemada Industries Ltd.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Gulf Resources Inc.
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Financials
14.3.3.4 SWOT Analysis
14.3.4 Hindustan Salts Limited
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Honeywell International Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.5.3 Financials
14.3.5.4 SWOT Analysis
14.3.6 ICL Group Ltd.
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.6.3 Financials
14.3.6.4 SWOT Analysis
14.3.7 Jordan Bromine Company Limited
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Lanxess AG
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 Solaris Chemtech Industries Limited (Agrocel Industries Pvt. Ltd.)
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Tata Chemicals Limited
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.10.3 Financials
14.3.11 TETRA Technologies Inc.
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.11.3 Financials
14.3.12 Tosoh Corporation
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Bromine Market: Major Drivers and Challenges
Figure 2: Global: Bromine Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Bromine Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Bromine Market: Breakup by Derivative (in %), 2021
Figure 5: Global: Bromine Market: Breakup by Application (in %), 2021
Figure 6: Global: Bromine Market: Breakup by End User (in %), 2021
Figure 7: Global: Bromine Market: Breakup by Region (in %), 2021
Figure 8: Global: Bromine (Hydrogen Bromide) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Bromine (Hydrogen Bromide) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Bromine (Organobromine Compounds) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Bromine (Organobromine Compounds) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Bromine (Bromine Fluids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Bromine (Bromine Fluids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Bromine (Other Derivatives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Bromine (Other Derivatives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Bromine (Biocides) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Bromine (Biocides) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Bromine (Flame Retardants-FR) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Bromine (Flame Retardants-FR) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Bromine (Bromine-Based Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Bromine (Bromine-Based Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Bromine (Clear Brine Fluids-CBF) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Bromine (Clear Brine Fluids-CBF) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Bromine (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Bromine (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Bromine (Chemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Bromine (Chemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Bromine (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Bromine (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Bromine (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Bromine (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Bromine (Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Bromine (Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Bromine (Textiles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Bromine (Textiles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Bromine (Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Bromine (Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Bromine (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Bromine (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: North America: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: North America: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: United States: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: United States: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Canada: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Canada: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Asia-Pacific: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Asia-Pacific: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: China: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: China: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Japan: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Japan: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: India: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: India: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: South Korea: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: South Korea: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Australia: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Australia: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Indonesia: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Indonesia: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Europe: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Europe: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Germany: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Germany: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: France: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: France: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: United Kingdom: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: United Kingdom: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Italy: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Italy: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Spain: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Spain: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Russia: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Russia: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Latin America: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Latin America: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Brazil: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Brazil: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Mexico: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Mexico: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Middle East and Africa: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Middle East and Africa: Bromine Market: Breakup by Country (in %), 2021
Figure 88: Middle East and Africa: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Global: Bromine Industry: SWOT Analysis
Figure 90: Global: Bromine Industry: Value Chain Analysis
Figure 91: Global: Bromine Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Bromine Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Bromine Market Forecast: Breakup by Derivative (in Million US$), 2022-2027
Table 3: Global: Bromine Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Bromine Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Bromine Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Bromine Market: Competitive Structure
Table 7: Global: Bromine Market: Key Players

Companies Mentioned

  • Albemarle Corporation
  • Chemada Industries Ltd.
  • Gulf Resources Inc.
  • Hindustan Salts Limited
  • Honeywell International Inc.
  • ICL Group Ltd.
  • Jordan Bromine Company Limited
  • Lanxess AG
  • Solaris Chemtech Industries Limited (Agrocel Industries Pvt. Ltd.)
  • Tata Chemicals Limited
  • TETRA Technologies Inc.
  • Tosoh Corporation

Methodology

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