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Global Bromine Derivatives Market Analysis and Forecast 2019-2025

Report ID:1455Chemicals & Materials244 pages

Bromine Derivatives Market Statistics

The global bromine derivatives market is foretold to grow at a CAGR of 4.4% between 2019 to 2025, while it was valued at USD 3.95 billion in 2019, is expected to reach the valuation of USD 4.08 billion.

The demand for bromine compounds will rise in the coming years due to its use in various applications such as firefighting foams, flame retardants, antifreeze solutions, pharmaceuticals and personal care products. A diversified end-use industry and rising demand for bromine compounds will drive the bromine derivatives market globally.

Global Bromine Derivatives Market Share By Region Type

Agricultural Sector to Drive the Bromine Derivatives Market

The ever-growing demand for food and supply has led the farmers to be at the forefront, meeting the consumer needs. However, a number of issues such as non-availability of arable land, and poor pest and insecticides control ruin the yield. The good news is, that the advent of modern agricultural management is aware of how to deal with these issues. The pesticide development industry aims at controlling crop damage and disease management, in turn, the pesticide industry uses bromine compounds which are crucial to pest management in the agricultural sector. Therefore, the bromine derivatives sector is expected to witness growth in the coming years. Particularly methyl bromide plays a significant role in soil pest control, thus boosting the demand in the global bromine derivatives market.

Rapid Industrialization to Boost Sales of the Bromine Derivatives

With increasing industrialization, a growing number of mineral salts such as sodium chloride, magnesium chloride, and calcium chloride have been used as food additives, antacids, and tonics. The increasing use of ionic soda and water treatment has resulted in an increasing demand for bromine. Industrialization, urbanization, and growing population have resulted in the increased pollution of water resources. The growing population has increased the use of water for daily activities such as drinking, bathing, and washing clothes. The increasing demand for water has resulted in increased pollution of water resources, paving the way for the bromine derivatives market to grow in the coming years.

However, the health concerns associated with the use of bromine compounds may impede the market in the future.

Nonetheless, the increasing application of bromine in consumer goods and fire safety flame retardants is anticipated to drive the global bromine derivatives market during the forecast period.

Flame Retardants to Drive the Brominated Polystyrene Segment

Based on product types, the global bromine derivatives market is segmented into – Sodium Bromide, Zinc Bromide, Hydrobromic Acid, Decabromodiphenyl Ethane (DBDPE), Tetrabromobisphenol A, Calcium Bromide, and Brominated Polystyrene. However, the brominated polystyrene segment is projected to dominate the market during the forecast period. The growth can be attributed to Brominated polystyrene is a brominated polymer, and it is used as a flame retardant in various applications like foams, plastics, textiles, and carpets. It is also used in products like electronic components, food packaging, and cosmetics.

Zinc Bromide is expected to grow at a substantial rate during the forecast period, the growth could be due to the product being used as a stabilizer, a solvent, a catalyst, a corrosion inhibitor, a polymerization inhibitor and a plasticizer. The demand for the end-user is expected to increase over the forecast period.

Based on applications, the global bromine derivatives market is segmented into – Flame Retardants, Organic Intermediates, Biocides, PTA Synthesis, Oil & gas, and Others. However, biocide segment is projected to hold a larger share in the market. The growth in the region can be ascribed to brominated derivatives have been developed for use as biocides to control a wide range of microorganisms. These brominated derivatives include bromine, thiodiglycol, and chlorine. The most common biocide used in the food processing industry is chlorine, which is effective against both bacteria and fungi. Bromine is widely used in the pharmaceutical industry as a biocide to prevent the growth of bacteria and fungi in products such as tablets, capsules, and powders.

The main advantage of using biocides is that they do not harm the environment. They do not react with the water, air, or soil and they do not persist in the environment. However, they may still pose certain risks to humans and the environment. When biocides are used properly and in the right concentrations, they are very effective and efficient. Non-ionizing biocides are often used for paints and sealants. Passive biocides do not have to go through a chemical process to become a biocide. Instead, these biocides are naturally occurring substances that have been identified as biocidal agents.

Rising Demand from Pharmaceuticals to Drive the North American Market

Based on the regional growth, North America is likely to dominate the global bromine derivatives market. increasing production of shale gas in the region has also resulted in increasing demand for bromine. Moreover, bromine is also used in the production of pesticides and other industrial products, which is expected to further fuel the growth of the market in the region. increasing consumption of bromine due to high consumption of aluminium, increasing production of bromine, and increasing demand for hydrogen bromide due to increasing demand for pharmaceutical and food additives. These factors are propelling the growth of the bromine market in North America. Other factors such as political stability, low cost of production, and skilled human resources also fuelled the growth of the market in the region.

The Asia Pacific is anticipated to be the fastest-growing market during the forecast period. since this is a diverse region with a high level of income, it attracts a lot of investment from various sources including public, private, and venture capital funds. Companies such as Tosoh Corporation and Lanxess have invested in research and development activities that have led to improved quality of their products and enhanced customer satisfaction. Currently, the main competition in the market comes from the manufacturing partners in the region who have a lower production cost. As a result, Asian manufacturers have to focus on their innovation efforts in order to stay competitive.

Competitive Landscape

With the rapidly growing economy in the region, more and more consumers are opting for locally manufactured products. In order to capitalize on the growing demand, many companies have set up manufacturing facilities. These manufacturing companies are also focusing highly on product innovation and cost-effectiveness to capture the larger market during the forecast period.

Recent Developments:

  • In April 2022, LANXESS expands design software with food modules as food technology is becoming more and more important in society.
  • In 2018, Israel Chemicals entered into a Joint Venture with Albemarle of the U.S. to manufacture flame retardants.

The key players in the market include-

  • Albemarle Corporation
  • Gulf Resources Inc
  • Hindustan Salts Limited
  • Honeywell International INC.
  • Israel Chemicals Limited
  • LANXESS CORPORATION
  • PEREKOP Bromine
  • TATA CHEMICALS LIMITED
  • TETRA Technologies, INC.
  • Tosoh Corporation

Product Outlook

  • Brominated Polystyrene
  • Tetrabromobisphenol A
  • Calcium Bromide
  • Sodium Bromide
  • Zinc Bromide
  • Hydrobromic Acid
  • Decabromodiphenyl Ethane (DBDPE)
  • Others

Application Outlook

  • Flame Retardants
  • Organic Intermediates
  • Oil & gas
  • Biocides
  • PTA Synthesis
  • Others

Regional Outlook

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Greece
  • The Netherlands

Asia Pacific

  • Japan
  • China
  • India

Latin America

  • Mexico
  • Brazil
  • Argentina

Middle East & Africa

  • South Africa
  • Saudi Arabia
  • UAE

Frequently Asked Questions

How large is the bromine derivatives market?

The global bromine derivatives market is expected to exhibit a growth of a CAGR of 4.4% and is estimated to be valued at USD 4.08 billion by 2025.

What are the growth drivers for the bromine derivatives market?

Increasing urbanization and industrialization are expected to drive the bromine derivatives market

Which product segment dominates the bromine derivatives market share?

The brominated polystyrene segment is expected to dominate the product segment during the forecast period.

Which region will witness the fastest growth during the forecast period?

The Asia Pacific is anticipated to witness faster growth in the coming years

Table Of Content

1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics

4. Global Bromine Derivatives Market Analysis 2017-2021 and Forecast, 2022-2032
4.1. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis, 2017-2021
4.2. Current and Future Market Size Value (US$ Mn) & Volume (Units) Projections, 2022-2032
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis

5. Global Bromine Derivatives Market Analysis 2017-2021 and Forecast 2022-2032, By Product Outlook
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Product Outlook, 2017-2021
5.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Product Outlook, 2022-2032
5.3.1. Brominated Polystyrene
5.3.2. Tetrabromobisphenol A
5.3.3. Calcium Bromide
5.3.4. Sodium Bromide
5.3.5. Zinc Bromide
5.3.6. Hydrobromic Acid
5.3.7. Decabromodiphenyl Ethane (DBDPE)
5.3.8. Others
5.4. Y-o-Y Growth Trend Analysis By Product Outlook, 2017-2021
5.5. Absolute $ Opportunity Analysis By Product Outlook, 2022-2032

6. Global Bromine Derivatives Market Analysis 2017-2021 and Forecast 2022-2032, By Application Outlook
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Application Outlook, 2017-2021
6.3. Current and Future Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Application Outlook, 2022-2032
6.3.1. Flame Retardants
6.3.2. Organic Intermediates
6.3.3. Oil & gas
6.3.4. Biocides
6.3.5. PTA Synthesis
6.3.6. Others
6.4. Y-o-Y Growth Trend Analysis By Application Outlook, 2017-2021
6.5. Absolute $ Opportunity Analysis By Application Outlook, 2022-2032

7. Global Bromine Derivatives Market Analysis 2017-2021 and Forecast 2022-2032, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Mn) & Volume (Units) Analysis By Region, 2017-2021
7.3. Current Market Size Value (US$ Mn) & Volume (Units) Analysis and Forecast By Region, 2022-2032
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. East Asia
7.3.5. South Asia
7.3.6. Oceania
7.3.7. MEA
7.4. Market Attractiveness Analysis By Region

8. North America Bromine Derivatives Market Analysis 2017-2021 and Forecast 2022-2032, By Country
8.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
8.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
8.2.1. By Country
8.2.1.1. U.S.
8.2.1.2. Canada
8.2.2. By Product Outlook
8.2.3. By Application Outlook
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Product Outlook
8.3.3. By Application Outlook
8.4. Key Takeaways

9. Latin America Bromine Derivatives Market Analysis 2017-2021 and Forecast 2022-2032, By Country
9.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
9.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Argentina
9.2.1.4. Chile
9.2.1.5. Peru
9.2.1.6. Rest of Latin America
9.2.2. By Product Outlook
9.2.3. By Application Outlook
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Product Outlook
9.3.3. By Application Outlook
9.4. Key Takeaways

10. Europe Bromine Derivatives Market Analysis 2017-2021 and Forecast 2022-2032, By Country
10.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
10.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. Italy
10.2.1.3. France
10.2.1.4. U.K.
10.2.1.5. Spain
10.2.1.6. Russia
10.2.1.7. BENELUX
10.2.1.8. Rest of Europe
10.2.2. By Product Outlook
10.2.3. By Application Outlook
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Product Outlook
10.3.3. By Application Outlook
10.4. Key Takeaways

11. East Asia Bromine Derivatives Market Analysis 2017-2021 and Forecast 2022-2032, By Country
11.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
11.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
11.2.1. By Country
11.2.1.1. China
11.2.1.2. Japan
11.2.1.3. South Korea
11.2.2. By Product Outlook
11.2.3. By Application Outlook
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Product Outlook
11.3.3. By Application Outlook
11.4. Key Takeaways

12. South Asia Bromine Derivatives Market Analysis 2017-2021 and Forecast 2022-2032, By Country
12.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
12.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Thailand
12.2.1.3. Malaysia
12.2.1.4. Indonesia
12.2.1.5. Rest of South Asia
12.2.2. By Product Outlook
12.2.3. By Application Outlook
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Product Outlook
12.3.3. By Application Outlook
12.4. Key Takeaways

13. Oceania Bromine Derivatives Market Analysis 2017-2021 and Forecast 2022-2032, By Country
13.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
13.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
13.2.1. By Country
13.2.1.1. Australia
13.2.1.2. New Zealand
13.2.2. By Product Outlook
13.2.3. By Application Outlook
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Product Outlook
13.3.3. By Application Outlook
13.4. Key Takeaways

14. MEA Bromine Derivatives Market Analysis 2017-2021 and Forecast 2022-2032, By Country
14.1. Historical Market Size Value (US$ Mn) & Volume (Units) Trend Analysis By Market Taxonomy, 2017-2021
14.2. Market Size Value (US$ Mn) & Volume (Units) Forecast By Market Taxonomy, 2022-2032
14.2.1. By Country
14.2.1.1. GCC
14.2.1.2. Rest of MEA
14.2.2. By Product Outlook
14.2.3. By Application Outlook
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Product Outlook
14.3.3. By Application Outlook
14.4. Key Takeaways

15. Key Countries Bromine Derivatives Market Analysis
15.1. U.S.
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2021
15.1.2.1. By Product Outlook
15.1.2.2. By Application Outlook
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2021
15.2.2.1. By Product Outlook
15.2.2.2. By Application Outlook
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2021
15.3.2.1. By Product Outlook
15.3.2.2. By Application Outlook
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2021
15.4.2.1. By Product Outlook
15.4.2.2. By Application Outlook
15.5. Argentina
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2021
15.5.2.1. By Product Outlook
15.5.2.2. By Application Outlook

16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1.  By Regional
16.3.2.  By Product Outlook
16.3.3.  By Application Outlook

17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Albemarle Corporation
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Gulf Resources Inc
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. Hindustan Salts Limited
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Honeywell International INC.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. Israel Chemicals Limited
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. LANXESS CORPORATION
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. PEREKOP Bromine
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. TATA CHEMICALS LIMITED
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. TETRA Technologies, INC.
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Tosoh Corporation
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments (Product/Age /Sales Channel/Region)
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy

18. Assumptions & Acronyms Used

19. Research Methodology

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