Which is the fastest growing region in Bromine Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Bromine Market?

In 2024, the Asia-Pacific accounts for the largest market share in Bromine Market. Read More

What years does this Bromine Market cover?

The report covers the Bromine Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Bromine Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Bromine Market Size

Market Size of Bromine Industry

Study Period	2019 - 2029
Base Year For Estimation	2023
CAGR	4.00 %
Fastest Growing Market	Asia-Pacific
Largest Market	Asia-Pacific
Market Concentration	High
Major Players *Disclaimer: Major Players sorted in no particular order

Bromine Market Analysis

The bromine market is projected to register a CAGR of more than 4% during the forecast period. The market was negatively impacted by COVID-19 in 2020. However, the market has now been estimated to have reached pre-pandemic levels and is expected to grow steadily in the future.

The increasing demand for bromine in water treatment applications is expected to fuel market growth during the forecast period.
On the other hand, non-halogenated flame retardants are likely to slow the growth of the market.

During the forecast period, the Asia-Pacific region is expected to have the most market share. This is because India, China, and Japan are all growing and becoming more developed.

Bromine Industry Segmentation

Bromine is a halogen chemical element and a red-brown liquid at room temperature. It has a pungent smell and causes irritation to the eyes and skin. The market is segmented on the basis of derivatives, applications, and geography. By derivative, the market is segmented into organobromines, bromide salts, and hydrogen bromide. By application, the market is segmented into biocides, flame retardants (FR), bromine-based batteries, clear brine fluids (CBF), and other applications. The report also covers the market size and forecasts for the market in 15 countries across the globe. For each segment, market sizing and forecasts have been done on the basis of volume (kilotons).

Derivative
		Organo Bromines
		Bromide Salts
		Hydrogen Bromide

Application
		Biocides
		Flame Retardants (FR)
		Bromine-based Batteries
		Clear Brine Fluids (CBF)
		Other Applications

Geography

Asia-Pacific
	China
	India
	Japan
	South Korea
	Rest of Asia-Pacific

North America
	United States
	Canada
	Mexico

Europe
	Germany
	United Kingdom
	Italy
	France
	Rest of Europe

South America
	Brazil
	Argentina
	Rest of South America

Middle-East and Africa
	Saudi Arabia
	South Africa
	Rest of Middle-East and Africa

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Bromine Market Size Summary

The bromine market is anticipated to experience steady growth over the forecast period, driven by its increasing application in water treatment and as a key component in flame retardants. Despite the initial setback due to the COVID-19 pandemic, the market has rebounded to pre-pandemic levels. The demand for brominated flame retardants (BFRs) is particularly strong in the electronics and construction sectors, where they are used to enhance fire safety in products like TV sets, computer monitors, and various industrial materials. The rising construction activities, especially in regions like Asia-Pacific, are further propelling the demand for bromine compounds. Countries such as China and India are witnessing significant infrastructure development, which is expected to boost the consumption of bromine in the coming years.

China stands out as a leading producer and consumer of bromine, with its extensive electronics production base and burgeoning construction industry contributing to the high demand for brominated flame retardants. The country's focus on expanding its electric vehicle market also supports the growth of bromine applications, such as in zinc-bromine flow batteries. The market is characterized by a consolidated structure, with major players like ICL, Lanxess, and Albemarle Corporation actively shaping the competitive landscape. Recent strategic moves by these companies, such as ICL's introduction of a new bromine leakage treatment solution and Albemarle's organizational restructuring, highlight their efforts to capitalize on the growing market opportunities and address evolving customer needs.

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Bromine Market Size - Table of Contents

1. MARKET DYNAMICS
1. 1.1 Drivers
  1. 1.1.1 The Increasing Demand of Bromine in Water Treatment Applications
  2. 1.1.2 Other Drivers
2. 1.2 Restraints
  1. 1.2.1 Emergence of Non-halogenated Flame Retardants
  2. 1.2.2 Other Restraints
3. 1.3 Industry Value Chain Analysis
4. 1.4 Porter's Five Forces Analysis
  1. 1.4.1 Bargaining Power of Suppliers
  2. 1.4.2 Bargaining Power of Consumers
  3. 1.4.3 Threat of New Entrants
  4. 1.4.4 Threat of Substitute Products and Services
  5. 1.4.5 Degree of Competition
2. MARKET SEGMENTATION (Market Size in Volume)
1. 2.1 Derivative
  1. 2.1.1 Organo Bromines
  2. 2.1.2 Bromide Salts
  3. 2.1.3 Hydrogen Bromide
2. 2.2 Application
  1. 2.2.1 Biocides
  2. 2.2.2 Flame Retardants (FR)
  3. 2.2.3 Bromine-based Batteries
  4. 2.2.4 Clear Brine Fluids (CBF)
  5. 2.2.5 Other Applications
3. 2.3 Geography
  1. 2.3.1 Asia-Pacific
    1. 2.3.1.1 China
    2. 2.3.1.2 India
    3. 2.3.1.3 Japan
    4. 2.3.1.4 South Korea
    5. 2.3.1.5 Rest of Asia-Pacific
  2. 2.3.2 North America
    1. 2.3.2.1 United States
    2. 2.3.2.2 Canada
    3. 2.3.2.3 Mexico
  3. 2.3.3 Europe
    1. 2.3.3.1 Germany
    2. 2.3.3.2 United Kingdom
    3. 2.3.3.3 Italy
    4. 2.3.3.4 France
    5. 2.3.3.5 Rest of Europe
  4. 2.3.4 South America
    1. 2.3.4.1 Brazil
    2. 2.3.4.2 Argentina
    3. 2.3.4.3 Rest of South America
  5. 2.3.5 Middle-East and Africa
    1. 2.3.5.1 Saudi Arabia
    2. 2.3.5.2 South Africa
    3. 2.3.5.3 Rest of Middle-East and Africa