Bromine Market- Trends, Industry Insights, Share, and Opportunity Analysis, 2017-2025

Bromine is a reddish brown liquid at room temperature having an unpleasant odor. It is found in nature as organobromide compound or bromide salt in salt lakes, inland seas, sea water, brine wells, rock, and earth’s crust. U.S. and Israel are the major manufacturing hubs for Bromine. It has various applications such as flame retardant, mercury emission control, and water treatment is the significant driver for bromine market.

Challenges faced by the bromine market are the environmental and toxicological effects of bromine. It is highly corrosive to skin and eye irritant. Organic bromides can cause toxicity to various organs such as kidney, liver, and can also cause cancer. Bromine is one of the factors which leads to ozone depletion. Competition from non-halogenated flame retardants such as aluminum hydroxide, and competition with other market players are threats to bromine market. Various strategies such as bromine recycling is introduced to minimize environmental damage.

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Bromine Market Taxonomy

On the basis of derivatives, the global bromine market is segmented into:

Organobromides
Clear Brine Fluids
Hydrogen Bromide
Others
On the basis of application, the global bromine market is segmented into:

Flame retardants
Mercury Emission control
Oil and gas drilling
BHR flow batteries
Water treatment
PTA synthesis
Pesticides
Plasma Etching
Others
On the basis of end-use, the global bromine market is segmented into:

Automotive
Pesticides
Pharmaceuticals
Cosmetics
Textile
Others
Increasing demand for organobromines is fairly high due to its use as biocide and flame retardant in various end use industries such as automotive, pharmaceuticals and cosmetics among others. The bromine is widely used as flame retardant, owing to stringent fire safety and infrastructure development. Clear brine fluids is mainly used in oil and gas drilling while hydrogen bromide is widely used in flow batteries.

Bromine Market Outlook

Asia Pacific is the fastest growing market for bromine. Major manufacturing facilities are being shifted to Asia Pacific, due to availability of raw materials such as underground brines present in China and Japan. Further, cheap labor and opportunity for market penetration in rapidly emerging markets of India and China is another factor propelling the growth of bromine market in this region.

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Stringent government regulation is a major factor hindering the growth of the bromine market in Europe. For instance, in 2016, European Union (EU) published Regulation 2016/293 prohibiting hexabromocyclododecane, which is a bromine containing flame retardant, having applications such as filling bean bags, electrical appliances, packaging materials, textile coating additive, and upholstered furniture.

In U.S., stringent requirement by Environmental Protection Agency (EPA)-Mercury and Air Toxic Standards to maintain mercury levels is expected to increase demand for bromine, owing to its major utility in mercury emission control.

In Middle East, Latin America, and Africa, the increasing demand for bromine is due to its high demand in oil and gas drilling. Various investment plans such as around US$ 20 billion by Abu Dhabi National Company in UAE and around US$ 1.1 billion in Gulf of Mexico, Algeria and Ghana by Anadarko, which is a U.S. based petroleum company is expected to augment the growth of bromine market.

The companies are adopting various organic and inorganic growth strategies to sustain their market position. For instance, Lanxess acquired Chemtura for further business development.

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Key Players in the Global Bromine Market

Some of the key players operating in the global bromine market include Israel Chemicals Limited, Albemarle Corporation, Chemtura Corporation, Tosoh Corporation, Tata Chemicals Ltd, Gulf Resources Inc., TETRA Technologies, Inc., Hindustan Salts Limited, Honeywell International Inc., and Perekop bromine.

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This release was published on openPR.