Bromine Market Size, Share, and Industry Analysis, By Derivative (Organobromine, Clear Brine Fluids, and Hydrogen Bromide), By Application (Flame Retardants, Oil & Gas Drilling, PTA Synthesis, Water Treatment, Pesticides and Others), By End-Use (Oil & Gas, Automotive, Electrical & Electronics, Agriculture, Pharmaceutical, Textile and Others), and Regional Forecast, 2024-2032

Bromine is often used in the synthesis of APIs, which are the primary components responsible for the therapeutic effects of medications. Its reactivity and ability to participate in halogenation reactions make it valuable for constructing complex organic molecules. The pharmaceutical sector primarily drives the bromine market.

The chemical sector also drives the bromine market. The demand for bromine-based compounds such as polybrominated diphenyl ethers is widely used as flame retardants in producing plastics, textiles, and electronic devices. These compounds help to reduce the flammability of material and enhance fire safety. 

• In 2023, China implemented several regulations and restrictions that could potentially affect the production, use, and export of bromine, although specific "bromine restrictions" might not be explicitly named. These measures are part of China's broader environmental protection laws, chemical management policies, and trade regulations.

Bromine's versatility makes it a valuable tool in pharmaceutical research, particularly in drug discovery and development. It is used in various stages of R&D to synthesize new compounds, study their properties, and evaluate their efficacy and safety. Certain bromine compounds have antimicrobial properties, making them useful in the development of antibiotics and antiseptics. For example, brominated furanones can inhibit bacterial communication systems, thereby reducing bacterial growth and virulence.

• The Bromine market keeps expanding in the U.S. due to the growing chemical and pharmaceutical sector. The U.S. and Israel produced more than 550,000 tons/year of bromine.

Major bromine manufacturers by region are China, Japan, and India in Asia Pacific, the U.S. and Canada in North America, Germany and France in Europe, and Saudi Arabia and UAE in the Middle East.

• Saudi Arabia was the largest oil exporter in 2021, exporting 15% of world oil.


• In 2021, Russia ranked second, exporting about 12% of global oil exports.

Segmentation

Key Insights

The report covers the following key insights:

• Key Emerging Trends – For Major Regions


• Key Developments: Mergers, Acquisitions, and Partnerships


• Latest Technological Advancements


• Insights on Sustainability


• Porters Five Forces Analysis


• Impact of COVID-19 on the Market

Analysis by Derivative

By derivative, the market is divided into organobromine, clear brine fluids, and hydrogen bromide. The hydrogen bromide segment accounts for the largest proportion of the global bromine market. 

• Hydrogen bromide is a crucial raw material in the production of elemental bromine. Hydrogen bromide reacts with chlorine gas to produce bromine.


• Hydrogen bromide is utilized in various organic synthesis reactions as a brominating agent. It can introduce bromine atoms into organic compounds, producing brominated organic intermediates. These intermediates can be further used in bromine-containing chemicals such as dyes and flame retardants. 

Analysis by Application

By application, the market is classified into flame retardants, oil & gas drilling, PTA synthesis, water treatment, pesticides and others. The flame retardants segment accounts for the largest proportion of the global bromine market.

• Bromine-based flame retardants are widely used to enhance the safety in various industries. They are extensively used to produce plastic materials to improve their fire resistance. In addition, bromine-based flame retardants are used in the insulation of communication cables to ensure they do not catch fire and maintain connectivity during emergencies.


• They are added to polymers during manufacturing to reduce the flammability of plastics used in various products such as electronics, automotive components, and furniture. Furthermore, these flame retardants are added to adhesives and sealants used in critical applications, including construction and aerospace, to maintain structural integrity.

Analysis by End-Use

By end-use, the market is segregated into oil & gas, automotive, electrical & electronics, agriculture, pharmaceutical, textile and others. The oil & gas sector holds a significant share of the global bromine market.

• Bromine compounds, such as clear brine fluids, are used as completion fluids in oil and gas drilling operations. These fluids are usually dense brine solutions containing bromides and other salts. Also, bromine-based chemicals can be used in hydraulic fracturing to enhance the performance of fracturing fluids. They improve the stability and viscosity of the fluid, allowing for more effective reservoir stimulation.


• Bromine compounds can be used as additives in drilling fluid to improve their performance. They help to reduce torque and drag during drilling and prevent the deposition of solid particles. Furthermore, the oil & gas industry relies on bromine compounds as effective corrosion inhibitors. These chemicals protect equipment, pipelines, and well casings from rust and corrosion caused by harsh downhole conditions.

Regional Analysis

The global market is geographically segmented into North America, Europe, Asia Pacific, Latin America and the Middle East & Africa. Asia Pacific accounts for a significant share of the global bromine market due to favorable destinations such as China, India and Japan. China contributes heavily to the bromine market, producing the most annually.

By Region, Global Distribution of Oil Production, 2022

• Middle East & Africa - 41%


• North America - 26%


• CIS - 14%


• Asia Pacific - 8%


• South & Central America - 7%


• Europe - 4%

Key Players Covered

The report will include the profiles of key players, such as ICL, Albemarle Corporation, LANXESS, Gulf Resources, Inc., Jordan Bromine Company, Tosoh Corporation, TETRA Technologies, TATA Chemicals Ltd., Hindustan Salts Ltd., Honeywell International Inc., and Satyesh Brinechem Pvt. Ltd.

Key Industry Developments

• In August 2022, Albemarle Corporation announced reconstructing its bromine and lithium global business units (GBU) into a new corporate structure. The reconstruction aims to meet growing customer demand in a competitive global environment.


• In January 2022, ICL introduced a new product, BromoQuel, which provides a rapid response time and prevents bromine vapor and liquid spills.