Potassium Bromide Market Size, Production, Average Price and Trends Analysis, till 2030

Potassium Bromide Market Size is estimated to be 35 million in 2023 and is expected to grow at an average yearly rate of around 5% during the timeframe (2023-2030).
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The research and analytics firm Datavagyanik released the updated version of its report on "Potassium Bromide Market - Detailed Analysis, Business Opportunities and Forecasts".
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Potassium Bromide price trend in 2024 vs 2025
The price trend of Potassium Bromide in 2024 and 2025 is expected to be influenced by a range of factors including demand from key industries, raw material availability, global economic conditions, and changes in regulatory frameworks. Potassium Bromide, a widely used compound in pharmaceuticals, photography, agriculture, and water treatment, is sensitive to fluctuations in these factors. Below is an analysis of the anticipated price trends of Potassium Bromide for 2024 and 2025:
2024 Price Trend
In 2024, the price of Potassium Bromide is expected to experience moderate increases, driven by several key factors:
• Increased Demand in Pharmaceuticals: Potassium Bromide has long been used in the pharmaceutical industry, particularly in the production of medications for epilepsy and other neurological disorders. With the growing global healthcare demands, especially in emerging markets, there is likely to be an increase in demand for Potassium Bromide for use in pharmaceutical formulations. This will put upward pressure on its price.
• Agricultural Demand: Potassium Bromide is used as a soil fumigant and in pest control in the agricultural sector. As global food production and agricultural activities increase to meet the needs of a growing population, the demand for Potassium Bromide in pest control and fumigation applications is expected to rise. Additionally, the increasing focus on sustainable and efficient farming practices may further contribute to this demand.
• Raw Material Costs: The production of Potassium Bromide requires raw materials such as potassium salts and bromine. Any changes in the prices or availability of these raw materials will directly affect the price of Potassium Bromide. In 2024, potential disruptions in the supply of bromine or potassium could lead to increased production costs, thus driving up the price of Potassium Bromide.
• Regulatory Factors: Stricter environmental regulations and the push for safer, greener chemicals may influence the Potassium Bromide market. Some regulations may increase the production costs for Potassium Bromide, particularly in the agricultural sector, where concerns about chemical residues are rising. If the industry moves toward more environmentally friendly formulations, this could result in higher prices for Potassium Bromide in the short term.
2025 Price Trend
Looking ahead to 2025, the price of Potassium Bromide is expected to continue its upward trajectory, potentially at a faster pace compared to 2024. Key factors contributing to this include:
• Ongoing Demand from Pharmaceuticals: As the demand for medical treatments continues to increase globally, Potassium Bromide's role in pharmaceutical applications remains strong. The expanding global healthcare market, particularly in regions with rising healthcare access and aging populations, will ensure consistent demand for Potassium Bromide. This sustained growth in the pharmaceutical sector is expected to contribute to a continued rise in the price of Potassium Bromide.
• Global Economic Conditions: The broader economic environment plays a crucial role in determining the price of Potassium Bromide. If the global economy experiences growth in 2025, there will likely be an increase in industrial production across various sectors, including agriculture and water treatment, both of which are significant consumers of Potassium Bromide. This increased industrial activity will push up demand for Potassium Bromide, further driving prices higher.
• Agricultural Expansion: Agriculture continues to be a key driver of Potassium Bromide demand, especially in regions such as Asia and Africa, where agricultural production is increasing to feed growing populations. Potassium Bromide's role as a fumigant and in pest control will become increasingly important as the agricultural sector intensifies. This will contribute to higher prices, particularly as farming operations scale up to meet the growing demand for food.
• Technological Advancements in Production: Technological innovations in the production of Potassium Bromide, such as improvements in bromine extraction methods or more efficient manufacturing processes, could help reduce some production costs. However, if these advancements are not widespread or are offset by increasing demand, the price could still rise.
• Fluctuations in Raw Material Costs: In 2025, any disruptions in the global supply chains for bromine or potassium salts could cause a surge in raw material prices, directly impacting the cost of Potassium Bromide. For example, geopolitical factors or supply chain disruptions in key bromine-producing regions, such as the Middle East or China, could cause price volatility, driving up the price of Potassium Bromide.
• Environmental and Regulatory Pressures: As environmental concerns increase, there may be more regulations on chemical usage, particularly in agriculture. These regulations could increase the cost of producing and using Potassium Bromide, especially if there is a push toward more eco-friendly alternatives or stricter rules regarding chemical residues. Compliance with these new standards may add to the cost burden for manufacturers, contributing to higher prices.
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Important target segments driving the demand for Potassium Bromide Market
The Potassium Bromide market is driven by several key target segments that leverage its unique properties for a range of applications. Potassium Bromide is primarily used in industries such as pharmaceuticals, agriculture, water treatment, and photography. The increasing demand across these sectors is creating significant growth opportunities for manufacturers of Potassium Bromide. Below are the most important target segments driving the demand for Potassium Bromide:
Pharmaceutical Industry
One of the major drivers of Potassium Bromide demand is its use in the pharmaceutical industry. Historically, Potassium Bromide has been utilized as a sedative and anticonvulsant in the treatment of neurological disorders such as epilepsy. Despite the availability of newer anticonvulsants, Potassium Bromide remains relevant in certain therapeutic applications.
• Neurological Treatments: Potassium Bromide is still prescribed for specific types of seizures, particularly in cases where other medications may be ineffective. The growing prevalence of neurological disorders, including epilepsy, is expected to continue driving demand for Potassium Bromide in pharmaceutical formulations.
• Research and Development: Ongoing pharmaceutical research and development (R&D) activities focused on neurological disorders further contribute to the demand for Potassium Bromide, as it remains an important compound for developing new treatments and therapies for conditions like epilepsy and anxiety disorders.
Agricultural Industry
The agricultural sector is another key segment driving the demand for Potassium Bromide. It is widely used as a fumigant and pesticide in soil treatments and pest control. As agriculture becomes more advanced and commercialized to meet global food demands, Potassium Bromide's role in ensuring crop protection remains significant.
• Soil Fumigation: Potassium Bromide is used in soil fumigation to eradicate pests and pathogens, ensuring healthy soil for agricultural production. With the growing need to maintain crop yields and enhance food security, the demand for effective fumigants, including Potassium Bromide, is on the rise.
• Pest Control: Potassium Bromide's ability to control pests in various agricultural settings, including in grains and other crops, makes it an essential part of modern farming practices. As global agricultural activities expand, particularly in developing regions, the demand for Potassium Bromide for pest control continues to grow.
Water Treatment and Purification
Potassium Bromide is also extensively used in water treatment applications, particularly in the production of bromine, which serves as a disinfectant. The demand for clean and safe water is increasing globally, driving the need for water treatment chemicals, including Potassium Bromide.
• Swimming Pool Industry: In the pool and spa industry, Potassium Bromide is used as an alternative to chlorine for water disinfection. It offers benefits such as reduced chemical odor and greater stability in maintaining water hygiene. As the global number of private and public swimming pools increases, so does the demand for Potassium Bromide.
• Industrial Water Treatment: Potassium Bromide is also used in industrial water treatment, including cooling tower water treatment, where it helps control microbial growth and maintain water quality. The expansion of industrial activities globally leads to higher demand for Potassium Bromide in water treatment applications.
Photography Industry
Although the photography industry has largely transitioned to digital technology, traditional photographic methods, including film photography, still maintain a niche market. Potassium Bromide is used in photographic development, where it acts as a halide to create light-sensitive compounds on photographic film.
• Traditional Photography: Potassium Bromide is used in the production of photographic films and paper, particularly in the darkroom development process. This application, although smaller in scale than it was in the past, still generates steady demand within the photography community, especially among enthusiasts and professionals who prefer analog photography.
• Specialty Photographic Applications: Potassium Bromide is also used in certain specialty photographic applications, including those in scientific and archival photography, where the need for specific chemical reactions is required to develop high-quality images.
Chemical Industry
Potassium Bromide is used as a precursor in the synthesis of other bromine-based chemicals, which are used across a variety of industrial applications. The chemical industry relies on Potassium Bromide to manufacture products such as flame retardants, dyes, and other specialty chemicals.
• Bromine Derivatives: Potassium Bromide is used in the production of other bromine compounds, which are important in flame retardants, pharmaceutical intermediates, and agrochemicals. As the demand for bromine-based chemicals in various industrial sectors continues to grow, Potassium Bromide will remain a key raw material.
• Flame Retardants: Potassium Bromide's use in the production of bromine-based flame retardants, which are added to materials like textiles and plastics, drives its demand in the chemical sector. With increased focus on fire safety in industries like construction and automotive, the need for Potassium Bromide in flame retardant applications continues to grow.
Research and Academic Institutions
Research institutions and universities also contribute to the demand for Potassium Bromide, particularly in laboratory settings. Potassium Bromide is used as a reagent in chemical research, as well as in experimental procedures involving chemical reactions, synthesis, and analysis.
• Academic Research: Potassium Bromide is frequently used in academic research, especially in chemistry and material science. Its role as a chemical reagent in various experiments ensures continued demand from the scientific community.
• Industrial Research: Many industries, including pharmaceuticals and agriculture, conduct ongoing R&D using Potassium Bromide in the formulation of new products and solutions. The demand for Potassium Bromide in these sectors will continue to rise as industries work to innovate and improve existing processes.

Key Players in Potassium Bromide Production
The Potassium Bromide market is driven by a range of key manufacturers and suppliers operating on a global scale. These companies play a significant role in ensuring the steady supply of Potassium Bromide for applications in pharmaceuticals, agriculture, water treatment, photography, and the chemical industry. The major players in this market focus on production capacity, technological advancements, and strategic partnerships to maintain their competitive edge. Below are some of the key players in Potassium Bromide production:
• ICL Group (Israel Chemicals Ltd.)
ICL Group is one of the leading global producers of bromine and its derivatives, including Potassium Bromide. The company has a strong presence in the bromine market, sourcing raw materials from the Dead Sea, which has one of the world's richest bromine reserves. ICL supplies high-quality Potassium Bromide to various industries, including pharmaceuticals, agriculture, and industrial applications. The company continuously invests in research and development to enhance its bromine-based product offerings.
• Albemarle Corporation
Albemarle Corporation is a prominent chemical manufacturer specializing in bromine and lithium-based products. The company operates several bromine production facilities worldwide, with a significant presence in the United States and Asia. Albemarle's expertise in bromine chemistry enables it to produce high-purity Potassium Bromide for industries such as pharmaceuticals, water treatment, and flame retardants. With a focus on sustainability and innovation, Albemarle continues to expand its bromine business to meet growing global demand.
• Lanxess AG
Lanxess is a German specialty chemicals company that produces bromine and bromine-based compounds, including Potassium Bromide. The company supplies high-quality bromine derivatives to industries such as water treatment, pharmaceuticals, and chemicals. Lanxess has a strong research and development team that works on developing new applications for bromine-based products, enhancing its position in the global market.
• Tata Chemicals Ltd.
Tata Chemicals is a leading global supplier of specialty chemicals, including bromine-based compounds like Potassium Bromide. With a strong presence in India and international markets, Tata Chemicals focuses on sustainable production methods to ensure high-quality and cost-effective bromine derivatives. The company supplies Potassium Bromide to pharmaceutical manufacturers, agriculture firms, and industrial users, leveraging its extensive distribution network.
• Tosoh Corporation
Tosoh Corporation is a Japanese chemical manufacturing company known for its production of bromine and bromine-based compounds. The company operates advanced production facilities and supplies Potassium Bromide to industries such as water treatment, pharmaceuticals, and research laboratories. Tosoh's commitment to technological advancements and product quality makes it a key player in the global Potassium Bromide market.
• Perekop Bromine
Based in Russia, Perekop Bromine is a significant producer of bromine and bromine derivatives, including Potassium Bromide. The company specializes in the extraction and processing of bromine compounds from natural sources, ensuring a steady supply of high-quality products. Perekop Bromine serves industrial clients in Europe, Asia, and other global markets.
• American Elements
American Elements is a global manufacturer and supplier of high-purity chemical compounds, including Potassium Bromide. The company provides Potassium Bromide in various grades for applications in research, pharmaceuticals, and industrial processes. American Elements focuses on precision manufacturing and customization to meet the specific needs of its customers.
• Shandong Haiwang Chemical Co., Ltd.
Shandong Haiwang Chemical is a major Chinese manufacturer of bromine and bromine derivatives. The company supplies Potassium Bromide to various industries, including pharmaceuticals, agriculture, and water treatment. With its large production capacity and cost-effective manufacturing processes, Shandong Haiwang Chemical plays a crucial role in the global Potassium Bromide market.
• Dhruv Chem Industries
Dhruv Chem Industries is an Indian manufacturer and supplier of bromine compounds, including Potassium Bromide. The company focuses on high-quality production and serves clients in pharmaceuticals, agriculture, and specialty chemicals. Dhruv Chem Industries exports its products to multiple international markets, ensuring a strong presence in the bromine industry.
• Weifang Taihexing Chemical Industry Co., Ltd.
Based in China, Weifang Taihexing Chemical specializes in the production of bromine-based compounds. The company supplies Potassium Bromide for applications in pharmaceuticals, photography, and water treatment. With its advanced manufacturing capabilities, the company continues to expand its market reach globally.
Market Strategies of Key Players
• Expansion of Production Capacity
Many leading companies, including Albemarle, ICL, and Tata Chemicals, are investing in expanding their bromine extraction and processing facilities to meet the growing demand for Potassium Bromide. These expansions help ensure a stable supply of bromine-based compounds.
• Technological Advancements
Companies like Lanxess and Tosoh Corporation focus on research and development to improve the efficiency of Potassium Bromide production and explore new applications for the compound. Innovations in extraction and processing techniques help enhance product quality and cost-effectiveness.
• Sustainability and Environmental Compliance
With increasing environmental concerns, leading manufacturers are adopting sustainable production methods and complying with regulatory requirements to minimize environmental impact. Companies such as Albemarle and ICL Group are implementing eco-friendly practices in their bromine extraction processes.
• Strategic Partnerships and Collaborations
Key players in the Potassium Bromide market often engage in strategic partnerships and collaborations with research institutions, raw material suppliers, and industrial clients. These partnerships help companies enhance their product portfolios and expand their global reach.
Key Questions Answered in the Potassium Bromide market report:
• What is the total global Potassium Bromide production volume, and how has it changed over the past five years?
• What is Potassium Bromide price trend, what has been the historical cadmium prices?
• What will be the Potassium Bromide price trend in 2023?
• Which countries have the highest Potassium Bromide production capacity, and what factors contribute to their dominance in the market?
• How does Potassium Bromide production capacity vary across key manufacturers, and what expansions or closures have been observed recently?
• What is the current global revenue generated from Potassium Bromide production, and how does it compare to previous years?
• How does the country-wise Potassium Bromide demand correlate with its production capacity and supply chain logistics?
• What are the recent trends in Potassium Bromide pricing, and how do price fluctuations impact overall market revenue?
• Which industries drive the highest demand for Potassium Bromide, and how is this demand expected to evolve in the next five years?
• What are the major challenges impacting Potassium Bromide production and supply chain operations across key markets?
• How do government policies, environmental regulations, and trade restrictions affect Potassium Bromide production and market dynamics?

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