Bromine Market Report 2026

The bromine market size has grown rapidly in recent years. It will grow from $5.65 billion in 2025 to $6.22 billion in 2026 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to expansion of oil and gas drilling activities, growth of flame retardant consumption in electronics, rising demand for industrial water treatment, increased use in pharmaceutical synthesis, availability of bromine reserves.

The bromine market size is expected to see strong growth in the next few years. It will grow to $8.95 billion in 2030 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to increasing demand for energy storage technologies, rising adoption of safer flame retardant formulations, expansion of advanced water treatment infrastructure, growing pharmaceutical manufacturing output, increasing investments in specialty chemical production. Major trends in the forecast period include increasing demand for bromine-based flame retardants, rising use of clear brine fluids in oil and gas operations, growing application in water treatment chemicals, expansion of bromine-based energy storage solutions, enhanced focus on high-purity bromine derivatives.

The rising demand for bromine in the textile industry is expected to drive the growth of the bromine market. The textile industry involves the production and processing of fibers, fabrics, and finished textiles. Bromine-based compounds, particularly brominated flame retardants (BFRs), are incorporated into textiles to improve fire resistance by reducing ignition risk and slowing the spread of flames. These compounds are especially important in applications requiring high fire safety, such as curtains, upholstery, and protective clothing. For instance, in October 2024, according to the Geneva Environment Network, a US-based organization, bromine consumption in the textile industry was 116 million tons in 2022 and is projected to rise to 147 million tons by 2030. Therefore, growing textile demand for fire-safe materials is propelling the bromine market.

Major companies in the bromine market are focusing on technological advancements, such as high-purity production processes, to improve product quality, enhance efficiency, and meet rising demand for bromine-based compounds across applications like flame retardants, water treatment, and pharmaceuticals. High-purity products contain very low levels of impurities, often exceeding 99% purity. For instance, in June 2023, ICL Group Ltd., an Israel-based specialty minerals company, launched water-soluble micronutrient and N-P-K fertilizers. These products provide high-purity water-soluble N-P-K (Nitrogen, Phosphorus, Potassium) and essential micronutrients, tailored to specific crop nutrient requirements.

In September 2024, Ultralife Corporation, a US-based manufacturer of batteries, acquired Electrochem Solutions, Inc. for an undisclosed sum. This acquisition is intended to help Ultralife Corporation broaden its product range and strengthen its capabilities within the energy solutions market. Electrochem Solutions, Inc. is a US-based company that focuses on advanced battery technology and energy solutions.

Major companies operating in the bromine market are ICL Group Limited, Albemarle Corporation, Lanxess AG, Tosoh Corporation, TATA Chemicals Ltd., Gulf Resources Inc., Solaris Chemtech Industries Limited, Perekop Bromine, Chemada Industries Ltd., Jordan Bromine Company Ltd., Shandong Weifang Longwei Industrial Co. Ltd., Israel Chemicals Ltd., TETRA Technologies Inc., Sujay Synthorg Chemicals Pvt. Ltd., Shandong Haiwang Chemical Co., Neogen Chemicals Ltd., Shandong Ocean Chemical Co. Ltd., Krishna Solvachem Ltd., Mody Chemi Pharma Ltd., Honeywell International Inc., Agrocel Industries Pvt. Ltd., Hindustan Salts Ltd., Merck KGaA, Pacific Organics Pvt. Ltd., Tokyo Chemical Industry Co. Ltd.

Asia-Pacific was the largest region in the bromine market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bromine market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bromine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The bromine market consists of sales of bromine for use in agriculture and as a fire retardant. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.