Bromine Derivatives Market Size

Bromine Derivatives market size was valued at USD 7.18 billion in 2024 and is set to exceed USD 14.58 billion by 2037, registering over 5.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of bromine derivatives is evaluated at USD 7.5 billion.. This boost is anticipated by the slated demand for flame retardants owing to the growing construction industry. According to a report, the construction industry is set to register a gain of about 1.4 trillion USD by 2025.

Moreover, flame retardants play a substantial role in influencing the fire resistance of various materials used in construction, such as insulation materials, and plastics, coupled with coatings. In addition, credited to the lucrative growth in construction activities worldwide and a significant emphasis on safety standards, the demand for bromine-based flame retardants has witnessed a substantial surge.

Additionally, the estimated advancements in urbanization along with population expansion, more buildings and structures are being observed, attributed to which there is significant awareness of the need for enhanced fire safety measures. Bromine derivatives are chemical compounds that contain bromine as part of their molecular structure, they itself is a halogen element and are widely used in various industries, including pharmaceuticals, flame retardants, oil & gas drilling, and water treatment.