Bromine Market Predicted to Exhibit Huge Expansion in Asia-Pacific in Coming Years
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Another prominent application of the halogen compound (Br) is clear brine fluids, which are vastly used during oil and gas drilling activities. With the usage of clear brine fluids, the bottom hole temperature and pressure can be reduced. Certain soluble salts, such as those of bromine, are added to these fluids, after duly considering the density, freeze point, clarity, and pressure/temperature. In comparison to other popular drilling fluids, clear brines offer improved wellbore stability in shale and salt penetration rates and sections, fast penetration rates, reduced fill and formation damage, and fine hole gauge.
However, the largest share under the application segment of the bromine market was held by the flame retardants category in 2019. With the increasing focus on fire safety, flame retardants are being used in furniture, buildings, and even clothes. Due to the various health effects of hexabromocyclododecane (HBCD), it is being replaced by environment-friendly flame retardants, which contain long-chain polymers based on bromine. Due to the strict mandates for the protection of the environment, especially those released by the European Union (EU) and Environmental Protection Agency (EPA), the consumption of bromine-based flame retardants is on a rise.
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Currently, Asia-Pacific (APAC) is the largest bromine market, as its production and consumption volumes in China are the highest in the world. With the rising disposable income as well as growing infrastructure sector, the demand for flame retardants is increasing rapidly in Japan, India, Thailand, and South Korea. It is not just buildings and furniture where flame retardants are used, but also plastic and consumer electronic products, all of which are witnessing a high demand in the region.
Therefore, the demand for bromine will continue to surge in the coming years, as it is beneficial for human health in some way or the other.
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