Bromine Market Analysis

The bromine market is segmented and analyzed for demand and supply by application into flame retardants, biocides, organic intermediates, PTA synthesis, plasma etching, and oil and gas drilling. Out of these segments, the flame retardants segment is anticipated to capture the largest market size in the revenue. Brominated flame retardants (BFRs) are compounds containing bromine that slow down the rate of ignition of substances. Since bromine derivatives exhibit fire-resistant properties, they are widely used in flame retardants. This factor is expected to drive segment growth over the forecast period. The investment and development in flame retardants are expected to drive the segment's growth in the future. For instance, Clariant announced the investment of ~USD 60 million in 2021 to expand production of the Exolit OP flame retardants at its first Chinese production facility in Daya Bay, Huizhou in the province of Guangdong

Our in-depth analysis of the global bromine market includes the following segments:

By Derivative	Clear brine fluids Hydrogen bromide Organobromines
By Application	Flame Retardants Biocides Organic Intermediates PTA synthesis Plasma Etching Oil and Gas Drilling
By End User	Pharmaceuticals Cosmetics Textile Pesticides Automotive Others

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of bromine is assessed at USD 2.86 billion.

Bromine Market size was over USD 2.74 billion in 2023 and is projected to exceed USD 5.36 billion by 2036, witnessing over 5.3% CAGR during the forecast period i.e., between 2024-2036. Rising demand for bromine in oil and gas drilling, utilization of hydrogen bromine in flow batteries and rising exports of bromine worldwide will impel the market growth.

Asia Pacific is poised to hold largest revenue share by 2036, as property Losses from fire-related incidents are increasing every year in the region, which encourages the use of flame retardants.

The major players in the market are Albermarle Corporation, Israel Chemicals Ltd, Jordan Bromine Company Ltd, Tosoh Corporation, Chemtura Corporation, Tetra Technologies Inc., Hindustan Salts Ltd, Tata Chemicals India, and others.

Bromine Market Analysis