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Press Release:

Global Bromine Market to Reach US$ 4.2 Billion by 2027, Propelled by Extensive Application in the Agriculture Sector

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Bromine Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global bromine market reached a value of US$ 3.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2027, exhibiting a CAGR of 4.5% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Bromine is a chemical element found naturally in Earth’s crusts and extracted via electrolysis. It is soluble in water and has a deep red color with a pungent odor. It is widely utilized to make organobromine compounds across the globe. These compounds find extensive applications in the manufacturing of halon fire extinguishers that prevent fire breakouts in places like museums, airports, and tanks. Besides this, bromine is used in film photography, surface cleaning of printed circuits and rubber used for car tires, and disinfecting swimming pools and industrial cooling water.

 

 
 

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Bromine Market Trends:

A significant part of the population suffers from famine and malnutrition on account of limited food supply, rising global population, and decreasing arable land. This represents one of the key factors positively influencing the use of bromine to improve crop yields and cater to the nutritional needs of humans. In addition, governing agencies of numerous countries are encouraging the adoption of modern agricultural practices that involve long-term storage of products, such as grains, cotton, and fresh fruit and vegetables. This, in turn, is increasing the sales of bromine to control pests degrading products stored for extended periods. Moreover, it is utilized in the preparation of over-the-counter (OTC) and prescription drugs. This, in confluence with the growing prevalence of chronic diseases, is catalyzing the demand for bromine to treat heart problems, thyroid hyperactivity, hysteria, seizures, and colic in babies. Apart from this, the thriving food and beverage (F&B) industry is contributing to the utilization of bromine as an emulsifier in beverages. Furthermore, its expanding usage in making fumigants, dyestuffs, textiles, water purification compounds, chemical intermediates, furniture foam, and plastic casings for electronics is projected to drive the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global bromine market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on derivative, application and end user.

Breakup by Derivative:

 

 
 

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  • Hydrogen Bromide
  • Organobromine Compounds
  • Bromine Fluids
  • Others
     

Breakup by Application:

  • Biocides
  • Flame Retardants (FR)
  • Bromine-Based Batteries
  • Clear Brine Fluids (CBF)
  • Others
     

Breakup by End User:

  • Chemicals
  • Oil and Gas
  • Pharmaceuticals
  • Agriculture
  • Textiles
  • Electronics
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Albemarle Corporation, Chemada Industries Ltd., Gulf Resources Inc., Hindustan Salts Limited, Honeywell International Inc., ICL Group Ltd., Jordan Bromine Company Limited, Lanxess AG, Solaris Chemtech Industries Limited (Agrocel Industries Pvt. Ltd.), Tata Chemicals Limited, TETRA Technologies Inc. and Tosoh Corporation.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Derivative, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Albemarle Corporation, Chemada Industries Ltd., Gulf Resources Inc., Hindustan Salts Limited, Honeywell International Inc., ICL Group Ltd., Jordan Bromine Company Limited, Lanxess AG, Solaris Chemtech Industries Limited (Agrocel Industries Pvt. Ltd.), Tata Chemicals Limited, TETRA Technologies Inc. and Tosoh Corporation
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Bromine Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Derivative
    6.1    Hydrogen Bromide
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Organobromine Compounds
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Bromine Fluids
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Others
        6.4.1 Market Trends
        6.4.2 Market Forecast
7   Market Breakup by Application
    7.1    Biocides
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Flame Retardants (FR)
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Bromine-Based Batteries
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Clear Brine Fluids (CBF)
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Others
        7.5.1 Market Trends
        7.5.2 Market Forecast
8   Market Breakup by End User
    8.1    Chemicals
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Oil and Gas
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Pharmaceuticals
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Agriculture
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Textiles
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Electronics
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia-Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis
    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Price Analysis
14  Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1    Albemarle Corporation
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio
           14.3.1.3 Financials
           14.3.1.4 SWOT Analysis
        14.3.2    Chemada Industries Ltd.
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio
        14.3.3    Gulf Resources Inc.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio
           14.3.3.3 Financials
           14.3.3.4 SWOT Analysis
        14.3.4    Hindustan Salts Limited
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio
        14.3.5    Honeywell International Inc.
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio
           14.3.5.3 Financials
           14.3.5.4 SWOT Analysis
        14.3.6    ICL Group Ltd.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio
           14.3.6.3 Financials
           14.3.6.4 SWOT Analysis
        14.3.7    Jordan Bromine Company Limited
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio
        14.3.8    Lanxess AG
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio
           14.3.8.3 Financials
           14.3.8.4 SWOT Analysis
        14.3.9    Solaris Chemtech Industries Limited (Agrocel Industries Pvt. Ltd.)
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio
        14.3.10    Tata Chemicals Limited
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio
           14.3.10.3 Financials
        14.3.11    TETRA Technologies Inc.
           14.3.11.1 Company Overview
           14.3.11.2 Product Portfolio
           14.3.11.3 Financials
        14.3.12    Tosoh Corporation
           14.3.12.1 Company Overview
           14.3.12.2 Product Portfolio
           14.3.12.3 Financials
           14.3.12.4 SWOT Analysis

List of Figures

Figure 1: Global: Bromine Market: Major Drivers and Challenges
Figure 2: Global: Bromine Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Bromine Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Bromine Market: Breakup by Derivative (in %), 2021
Figure 5: Global: Bromine Market: Breakup by Application (in %), 2021
Figure 6: Global: Bromine Market: Breakup by End User (in %), 2021
Figure 7: Global: Bromine Market: Breakup by Region (in %), 2021
Figure 8: Global: Bromine (Hydrogen Bromide) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Bromine (Hydrogen Bromide) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Bromine (Organobromine Compounds) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Bromine (Organobromine Compounds) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Bromine (Bromine Fluids) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Bromine (Bromine Fluids) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Bromine (Other Derivatives) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Bromine (Other Derivatives) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Bromine (Biocides) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Bromine (Biocides) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Bromine (Flame Retardants-FR) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Bromine (Flame Retardants-FR) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Bromine (Bromine-Based Batteries) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Bromine (Bromine-Based Batteries) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Bromine (Clear Brine Fluids-CBF) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Bromine (Clear Brine Fluids-CBF) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Bromine (Other Applications) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Bromine (Other Applications) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Bromine (Chemicals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Bromine (Chemicals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Bromine (Oil and Gas) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Bromine (Oil and Gas) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Bromine (Pharmaceuticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Bromine (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Bromine (Agriculture) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Bromine (Agriculture) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Bromine (Textiles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Bromine (Textiles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Bromine (Electronics) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Bromine (Electronics) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: Global: Bromine (Other End Users) Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: Global: Bromine (Other End Users) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: North America: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: North America: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: United States: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: United States: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Canada: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Canada: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Asia-Pacific: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Asia-Pacific: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: China: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: China: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Japan: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Japan: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: India: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: India: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: South Korea: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: South Korea: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Australia: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Australia: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Indonesia: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Indonesia: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Others: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Others: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Europe: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Europe: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Germany: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Germany: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: France: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: France: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: United Kingdom: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: United Kingdom: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Italy: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Italy: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Spain: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Spain: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Russia: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Russia: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Others: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Others: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Latin America: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Latin America: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Brazil: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Brazil: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Mexico: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Mexico: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Others: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Others: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 86: Middle East and Africa: Bromine Market: Sales Value (in Million US$), 2016 & 2021
Figure 87: Middle East and Africa: Bromine Market: Breakup by Country (in %), 2021
Figure 88: Middle East and Africa: Bromine Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 89: Global: Bromine Industry: SWOT Analysis
Figure 90: Global: Bromine Industry: Value Chain Analysis
Figure 91: Global: Bromine Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Bromine Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Bromine Market Forecast: Breakup by Derivative (in Million US$), 2022-2027
Table 3: Global: Bromine Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 4: Global: Bromine Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 5: Global: Bromine Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Bromine Market: Competitive Structure
Table 7: Global: Bromine Market: Key Players


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Key Questions Answered in This Report

The global bromine market was valued at US$ 3.2 Billion in 2021.

We expect the global bromine market to exhibit a CAGR of 4.5% during 2022-2027.

The rising utilization of bromine in the agriculture sector, to improve plant growth and increase crop
yield, is primarily driving the global bromine market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous end-use industries for
bromine, such as textiles, chemicals, electronics, etc.

Based on the derivative, the global bromine market can be segmented into hydrogen bromide,
organobromine compounds, bromine fluids, and others. Currently, organobromine compounds hold the
majority of the total market share.

Based on the application, the global bromine market has been divided into biocides, Flame Retardants
(FR), bromine-based batteries, Clear Brine Fluids (CBF), and others. Among these, Flame Retardants (FR)
currently exhibit a clear dominance in the market.

Based on the end user, the global bromine market can be categorized into chemicals, oil and gas,
pharmaceuticals, agriculture, textiles, electronics, and others. Currently, the chemical industry accounts
for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global bromine market include Albemarle Corporation, Chemada
Industries Ltd., Gulf Resources Inc., Hindustan Salts Limited, Honeywell International Inc., ICL Group Ltd.,
Jordan Bromine Company Limited, Lanxess AG, Solaris Chemtech Industries Limited (Agrocel Industries
Pvt. Ltd.), Tata Chemicals Limited, TETRA Technologies Inc, and Tosoh Corporation.

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