[261 Pages Report] The global bromine market size is projected to grow from USD 3.2 billion in 2020 to USD 4.1 billion by 2025, at a CAGR of 5.0% from 2020 to 2025. The market growth is driven by the increasing demand for bromine in flame retardants, mercury emission control, water treatment, and oil & gas drilling.
The bromine market includes major Tier I and II suppliers like Israel Chemicals Ltd. (ICL), Albemarle Corporation, Lanxess Corporation, and Tosoh Corporation, among others. These suppliers have their manufacturing facilities spread across various countries across Asia Pacific, Europe, North America, South America, and RoW. COVID-19 has impacted their businesses as well.
Globally, properties worth billions of dollars are lost due to fire-related accidents every year. Insurance companies have to utilize a major share of their revenue in settling claims on assets, infrastructure, and human lives lost in fire accidents. This makes anti-inflammatory agents or flame retardants crucial chemicals since they minimize the fire-related risks for almost every manufactured commodity. Flame retardants prevent fire by delaying the combustion process by forming a layer of free radicals. They either release carbon dioxide or free radicals that combine with oxygen molecules, thus arresting the oxidation process.
EU countries are focused on the implementation of stringent fire safety regulations in the automotive, electronics, consumer goods, and textile industries. Apart from the EU, countries across the globe also follow different fire safety standards and regulations. Therefore, the manufacturers of automobiles, electronics, consumer goods, and textiles need to meet the fire safety regulations of the respective countries. These safety standards and regulations have, therefore, increased the demand for flame retardants globally. According to the Danish Building Regulation 2010 (BR10), buildings must also have adequate protection against fire and fire spread.
Halogenated flame retardants constitute a group of brominated and chlorinated flame retardants. The brominated flame retardants form a major share of the global flame retardants market due to rising demand, especially in North America and Asia Pacific. Brominated flame retardants are also steadily replacing the chlorinated flame retardants, which are known to release harmful chlorine gas under certain conditions.
Brominated flame retardants are widely used in everyday commodities, such as plastics, textiles, and rubber, to reduce their flammability. Therefore, growth in the consumption of these commodities, especially in the emerging markets of Asia Pacific and the Middle East, is expected to bolster the demand for brominated flame retardants, ultimately boosting the market for bromine.
Brominated compounds, such as flame retardants, have routinely been added to consumer products, such as electronics, plastics, and many more for several decades in a successful effort to reduce fire-related injuries and property damage. Recently, concerns regarding this class of chemicals have risen because of the harmful and toxicological effect it has on health and the environment. The widespread production and use of brominated flame retardants (BFRs) lead to increased contamination of the environment. These compounds also have an adverse effect on animals and wildlife. However, the current toxicology databases that exist are inadequate to understand the risk. Many of the studies that do exist involve commercial mixtures, but do not represent human exposure. The future course of such studies has to be focused toward the congeners, and potentially their metabolites or breakdown products, to understand the risk from commercially-used bromine derivatives.
Hydrogen bromide flow batteries are included under the category of membrane-less flow batteries with a high-power density. EnStorage Inc. (Israel), a developer of large-scale electricity storage solutions, produced grid-connected 50.0 KW hydrogen-bromine (HBr) flow batteries, which were connected at the company’s test site in southern Israel to provide up to 100.0 kWh of energy. The grid became operational in March 2013. EnStorage Inc. flow batteries utilize HBr and H2 as storage chemicals. Hydrogen-bromine flow batteries are a reliable source of sustainable power for large scale industrial units. They are currently being used as reliable energy storage solutions in various industrial units around the globe.
In the oil & gas industry, clear brine fluids (CBF) are used extensively in well-drilling activities completion and workover operations. The business of CBF significantly depends on the prices of oil and gas. The Gulf of Mexico rig count is a useful indicator of the future demand for CBF products. The Gulf of Mexico rig count dropped during 2015 as a result of low oil and natural gas prices and remained low in early 2016. Therefore, the demand for CBF products in onshore and international markets was affected by the low prices. There was a significant drop in the prices of natural gas and oil since the beginning of 2014. As a result, drilling activities and capital expenditure levels declined in the domestic and international markets. The decline in activity in the natural gas and oil exploration and production industries resulted in a decline in the demand for CBF products and the services associated with them. An expected rebound in oil & gas prices in the near future will bring growth opportunities for CBF, thus driving the bromine market.
Based on the application, the flame retardants segment accounted for the largest share of the bromine market in 2019. Brominated flame retardants (BFRs) are bromine-containing compounds that are added to substances to inhibit or reduce their rate of combustion. Stringent fire safety regulations implemented by the regulatory bodies augment the consumption of flame retardants in various end-use industries, such as electronics & consumer goods, building & construction, automotive, textile, rubber, and elastomer. Although brominated flame retardants are less preferred nowadays due to the growing environmental concerns associated with them, their widespread application in the industries mentioned above is sustaining their market and increasing their demand by the day.
Based on derivative, the organobromine segment accounted for the largest share in 2018, as it is widely used in the manufacturing of brominated flame retardants, pesticides, fumigants, and biocides for water treatment. The top players in the bromine market, such as Albemarle (US) and Israel Chemicals Ltd. (Israel), are taking initiatives to develop and market polymeric alternatives to hexabromocyclododecane (HBCD) flame retardants, which are being phased out due to toxicological concerns. The manufacturers of PVC in cable mantling, for instance, are now shifting toward the use of polymers that do not use brominated flame retardants.
By region, Asia Pacific is estimated to be the largest market for bromine in 2020. The demand for bromine in this region is mainly propelled by its increasing use in China, Japan, and India. Increasing infrastructural development and the rise in the disposable income of the middle-class population in Asia Pacific have boosted the demand for flame retardants, which are used extensively in insulation and fabrication of plastic and electronic components. China is expected to be the dominant and fastest-growing market for bromine in the Asia Pacific region, mainly due to the escalating demand for brominated flame retardants in the country. China, which had banned the export of bromine and its related compounds, is focusing only on imports to meet its domestic requirements.
Israel Chemicals Limited (Israel), Albemarle Corporation (US), LANXESS Corporation (Germany), Tosoh Corporation (Japan), Tata Chemicals Limited (India), Gulf Resources Inc. (China), and TETRA Technologies, Inc. (US), are some of the leading players operating in the bromine market.
Market Size Available for Years
Base Year Considered
Value (USD Billion), Volume (Kiloton)
Application and Derivative
North America, Asia Pacific, Western Europe, Central & Eastern Europe the Middle East & Africa, and South America
Israel Chemicals Limited (Israel), Albemarle Corporation (US), LANXESS Corporation (Germany), Tosoh Corporation (Japan), Tata Chemicals Limited (India), Gulf Resources Inc. (China), TETRA Technologies, Inc. (US), Hindustan Salts Limited (India), Honeywell International Inc. (US), and Perekop Bromine (Republic of Crimea), among others
This research report categorizes the bromine market based on application, derivative, and region and forecasts revenues as well as analyzes trends in each of these submarkets.
Bromine is a highly toxic, volatile chemical that exists in a reddish-brown liquid state at room temperature.
Bromine is used to synthesize three major derivatives, namely, organobromine, clear brine fluids, and hydrogen bromide (hydrobromic acid).
The bromine market is expected to be fueled primarily by the manufacturing of flame retardants, oil & gas drilling, and purified terephthalic acid synthesis. Apart from these, bromine is also used for water treatment in HBr flow batteries, pharmaceuticals, pesticides, mercury emission control, and plasma etching.
The bromine market is expected to grow the fastest in China, followed by the US, India, and Israel.
The increasing use of bromine in mercury emission mitigation in coal-fired power plants; the rising demand for flame retardants due to stringent fire safety framework is expected to augment the market growth further.
Toxicological effects associated with bromine, the emergence of non-halogenated flame retardants, and fluctuations in oil & gas prices pose significant challenges for the growth of the bromine market.
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Table of contents
1.1 Objectives of the study
1.2 market definition
1.3 market scope
1.3.1 Markets covered
FIGURE 1 Bromine Market SEGMENTATION
1.3.2 years considered for the study
1.5 package size
2 Research Methodology
2.1 market definition and scope
2.2 base number calculation
2.2.1 supply side approach
2.3 forecast number calculation
2.4 market engineering process
2.4.1 top-down approach
2.5 research data
2.5.1 secondary data
18.104.22.168 Key data from secondary sources
2.5.2 primary data
22.214.171.124 Key data from primary sources
126.96.36.199 Key industry insights
188.8.131.52 Breakdown of primary interviews
2.6 research assumptions
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES IN BROMINE market
4.2 BROMINE Market, By DERIVATIVE
4.3 bromine market in asia pacific, by application and country
4.4 BROMINE MARKET: major countries
5 MARKET OVERVIEW
5.2 Market dynamics
184.108.40.206 Growing use of bromine in mercury emission mitigation
220.127.116.11 Increasing demand for flame retardants due to stringent fire safety framework
18.104.22.168 Extensive consumption of bromine in diverse applications
22.214.171.124 Increased use of bromine as a disinfectant due to the COVID-19 pandemic
126.96.36.199 Toxicological effects of brominated compounds
188.8.131.52 Emergence of non-halogenated flame retardants
184.108.40.206 Recycling of bromine
220.127.116.11 Increasing use of hydrogen bromide in flow batteries
18.104.22.168 Significant fluctuations in oil & gas prices
22.214.171.124 Decrease in oil & gas production due to the Covid-19 pandemic
126.96.36.199 Supply chain, trade, and economic disruptions due to the COVID-19 pandemic
5.3 Porter’s five forces analysis
5.3.1 bargaining power of suppliers
5.3.2 Threat of New Entrants
5.3.3 Threat of Substitutes
5.3.4 bargaining power of Buyers
5.3.5 Intensity of Rivalry
5.4 MACROECONOMIC OVERVIEW AND TRENDS
5.4.2 trends and Forecast of GDP
5.4.3 trendS of OIL & NATURAL GAS PRICES
6 Bromine Market, BY DERIVATIVE
6.2.1 Organobromine derivative segment accounted for the largest market share
188.8.131.52 COVID-19 impact on organobromine
6.3 CLEAR BRINE FLUIDS
6.3.1 Clear brine fluids projected to be the fastest-growing derivative segment in the global bromine market
184.108.40.206 COVID-19 impact on clear brine fluids
6.4 HYDROGEN BROMIDE (Hbr)
6.4.1 Growth in the chemical, plastics, and pharmaceutical industries is expected to drive the HBr derivative segment
220.127.116.11 COVID-19 impact on hydrogen bromide
7 BROMINE MARKET, By APPLICATION
7.2 FLAME RETARDANTS
7.2.1 Flame retardants is the largest application segment of the bromine market
18.104.22.168 Impact of COVID-19 on flame retardants
7.3 WATER TREATMENT & biocides
7.3.1 Water treatment is the fourth-largest application segment in the global bromine market
22.214.171.124 Impact of COVID-19 on water treatment & biocides
7.4 Mercury emission control
7.4.1 Mercury emission control to be one of the fastest-growing application segments in the bromine market
126.96.36.199 Impact of COVID-19 on mercury emission control
7.5 OIL & GAS DRILLING
7.5.1 Oil & gas drilling accounted for the second-largest share in the global bromine market
188.8.131.52 Impact of COVID-19 on oil & gas drilling
7.6 HBR FLOW BATTERIES
7.6.1 Growing demand for HBR flow batteries in Asian countries, such aS China & Japan, is expected to drive the HBR application segment
184.108.40.206 Impact of COVID-19 on HBr flow batteries
7.7 PTA SYNTHESIS
7.7.1 PTA synthesis was the third-largest application segment of the global bromine market
220.127.116.11 Impact of COVID-19 on PTA synthesis
7.8.1 Growing demand from countries such as China and India is expected to drive the market for bromine IN the pesticides application segment
18.104.22.168 Impact of COVID-19 on pesticides
7.9 PLASMA ETCHING
7.9.1 Plasma etching is among the fastest-growing application segments in the global bromine market
7.10.1 High demand from pharmaceutical industry, for chemical compounds manufacturing and drug formulations, drives the market for bromine in the pharmaceuticals application segment
22.214.171.124 Impact of COVID-19 on pharmaceuticals
7.11.1 Impact of COVID-19 on other applications
8 BROMINE market, by region
8.2 Asia pacific
8.2.1 impact of covid-19 on the asia pacific
126.96.36.199 China accounted for the largest share in the global bromine market
188.8.131.52 Impact of COVID-19 on China
184.108.40.206 Japan accounted for the second-largest share in the Asia Pacific bromine market
220.127.116.11 Impact of COVID-19on Japan
18.104.22.168 Growing demand from flame retardants, pesticides, and water treatment application segments fuels the growth of the market for bromine in India
22.214.171.124 Impact of COVID-19 on India
8.2.5 South Korea
126.96.36.199 South Korea accounted for the fourth-largest share in the Asia Pacific bromine market
188.8.131.52 Impact of COVID-19 on South Korea
184.108.40.206 Growing demand from the flame retardants application segment has fueled the growth of the market for bromine in Taiwan
220.127.116.11 Impact of COVID-19 on Taiwan
8.2.7 rest of asia pacific
18.104.22.168 Impact of COVID-19 on the Rest of Asia Pacific
8.3 North America
8.3.1 impact of covid-19 on north america
22.214.171.124 US accounted for the largest share in the North American bromine market
126.96.36.199 Impact of COVID-19 on the US
188.8.131.52 Canada accounted for the second-largest share in the North American bromine market
184.108.40.206 Impact of COVID-19 on Canada
220.127.116.11 Growing demand from flame retardants application segment fuels the growth of the market for bromine in Mexico
18.104.22.168 The impact of COVID-19 on Mexico
8.4 western EUrope
8.4.1 impact of covid-19 on western europe
22.214.171.124 Germany accounted for the largest share in the Western European bromine market
126.96.36.199 Impact of COVID-19 on Germany
188.8.131.52 France accounted for the third-largest share in the Western European bromine market
184.108.40.206 Impact of COVID-19 on France
220.127.116.11 UK accounted for the second-largest share in the Western European bromine market
18.104.22.168 Impact of COVID-19 on the UK
8.4.5 rest of western europe
22.214.171.124 Impact of COVID-19 on Rest of Western Europe
9 Central & Eastern Europe
9.1 impact of covid-19 on Central & eastern europe
126.96.36.199 Russia accounted for the largest share in the Central and Eastern European bromine market
188.8.131.52 Impact of COVID-19 on Russia
184.108.40.206 Growing demand from flame retardants application segment fuels growth of the market for bromine in Turkey
220.127.116.11 Impact of COVID-19 on Turkey
9.1.3 REST OF CENTRAL & EASTERN EUROPE
18.104.22.168 Impact of COVID-19 on Rest of Central & Eastern Europe
9.2 Middle East & AFRICA
9.2.1 impact of covid-19 on the middle east & africa
9.3 South AMERICA
9.3.1 impact of covid-19 on south america
22.214.171.124 Brazil accounted for the largest share in the South America bromine market
126.96.36.199 Impact of COVID-19 on Brazil
188.8.131.52 Argentina accounted for the second-largest share in the South America bromine market
184.108.40.206 Impact of COVID-19 on Argentina
9.3.4 Rest of SOUTH america
220.127.116.11 Impact of COVID-19 on Rest of South America
10 COMPETITIVE LANDSCAPE
10.2 Competitive leadership mapping
10.2.1 dynamic DIFFERENTIATORS
10.2.2 VISIONARY LEADERS
10.2.4 emerging companies
10.3 competitive benchmarking
10.3.1 STRENGTH OF Product PORTFOLIO (25 PLAYERS)
10.3.2 Business strategy EXCELLENCE (25 PLAYERS)
10.4 MARKET RANKING OF KEY PLAYERS
10.4.1 LANXESS CORPORATION (US)
10.4.2 ISRAEL CHEMICALS LIMITED (ISRAEL)
10.4.3 ALBEMARLE CORPORATION (US)
10.4.4 TOSOH CORPORATION (JAPAN)
10.4.5 TATA CHEMICALS LIMITED (INDIA)
10.4.6 TETRA TECHNOLOGIES INC. (CHINA)
11 company profiles (Business overview, Products offered, Recent Developments, Covid-19 Related Developments, SWOT Analysis, MNM view, Current Focus and Strategies, Threat from Competition, Right to Win)
11.1 Israel Chemicals Ltd.
11.2 ALbemarle Corporation
11.3 lanxess CORPORATION
11.4 TOSOH CORPORATION
11.5 TETRA TECHNOLOGIES, INC.
11.6 GULF RESOURCES INC.
11.7 TATA CHEMICALs LIMITED
11.8 HINDUSTAN SALTS LIMITED
11.9 Honeywell International Inc.
11.10 Perekop Bromine
11.11 Additional company profiles
11.11.1 SANOFI SA
11.11.2 AQUACHINA CHEMICALS
11.11.3 Morre-Tec Industries Inc.
11.11.4 Solaris Chemtech industries ltd.
11.11.5 Agrocel Industries LIMITED
11.11.6 Shandong Yuyuan Group Co., Ltd.
11.11.7 Shandong Haiwang Chemical Co., Ltd.
11.11.8 Shandong Haihua Group Co., Ltd.
11.11.9 Shandong Ocean Chemical Co., LTD.
11.11.10 Shandong Weifang Longwei Industrial Co., Ltd.
11.11.11 Shandong Runke Chemical Engineering Co., Ltd.
11.11.12 Dhruv Chem Industries
11.11.13 Shandong Lubei Chemical Co., Ltd.
11.11.14 Shandong Dadi Salt Chemical Group Co., Ltd.
11.11.15 Shandong Haoyuan Group
*Details on Business overview, Products offered, Recent Developments, Covid-19 Related Developments, SWOT Analysis, MNM view, Current Focus and Strategies, Threat from Competition, Right to Win might not be captured in case of unlisted companies.
12 Adjacent & Related Markets
12.3 flame retardant market
12.3.1 Market Definition
12.3.2 Market overview
12.4 Flame retardant market, by end-use industry
12.4.1 building & construction
12.4.2 electronics & appliances
12.4.3 automotive & transportation
12.4.4 wires & cables
12.5 Flame retardant market, by region
12.5.1 Asia Pacific
12.5.2 North America
12.5.3 Western Europe
12.5.4 Central & Eastern Europe
12.5.5 Middle East & Africa
12.5.6 South America
12.6 water treatment chemicals market
12.6.1 Market Definition
12.6.2 Market overview
12.7 water treatment chemicals, by end-use industry
12.7.3 Oil & gas
12.7.6 food & beverage
12.7.7 pulp & paper
12.8 water treatment chemicals market, by region
12.8.1 Asia Pacific
12.8.2 North America
12.8.4 Middle East & Africa
12.8.5 South America
12.9 battery energy storage system market
12.9.1 Market Definition
12.9.2 Market overview
12.1 battery energy storage system market, by end-use industry
12.10.4 other applications
12.11 battery energy storage system market, by region
12.11.1 Asia Pacific
12.11.2 North America
12.11.4 rest of the world (row)
13.1 insights of industrY experts
13.2 Discussion Guide
13.3 Knowledge Store: MarketsandMarkets subscription portal
13.4 AVAILABLE CUSTOMIZATIONS
13.5 Related Reports
13.6 Author details
This study involved four major activities in estimating the current size of the bromine market. Exhaustive secondary research was undertaken to collect information on the bromine market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the bromine value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the overall size of the market. After that, the market breakdown and data triangulation procedures were used to estimate the sizes of different segments and subsegments of the bromine market.
As a part of the secondary research process, various secondary sources such as Hoovers, Bloomberg, BusinessWeek, Reuters, and Factiva were referred for identifying and collecting information for this study on the bromine market. Secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, authenticated directories, and databases.
Secondary research was mainly conducted to obtain key information about the supply chain of the industry, the monetary chain of the market, the total pool of players, and market classification and segmentation according to industry trends to the bottom-most level, regional markets, and key developments undertaken from both, market- and technology oriented perspectives.
As a part of the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report on the bromine market. Primary sources from the supply side included industry experts such as chief executive officers (CEOs), vice presidents, marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the bromine market. Primary sources from the demand side included directors, marketing heads, and purchase managers from various end-use industries. Following is the breakdown of the primary respondents.
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Both top-down and bottom-up approaches were used to estimate and validate the total size of the bromine market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:
After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. Data triangulation and market breakdown procedures were used, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the market. The data was triangulated by studying various factors and trends from both the demand and supply sides. In addition to this, the market size was validated using both top-down and bottom-up approaches.
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