Bromine Market

2020 Analysis and Review: Bromine Market by Derivative – Organobromine, Hydrogen Bromide, CBF for 2020-2030

  • 2020-07-07
  • REP-GB-658
  • 35 Tables
  • 118 Figures
  • 250 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Bromine Market

This study offers a comprehensive, 360 degree analysis on the Bromine market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Bromine market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Bromine Market Outlook and Key Findings

  • The bromine market is expected to grow at a CAGR of 2.7% during the forecast period (2020-2030)
  • The top 3 countries in the bromine market accounted for 52% of the overall market in 2019
  • Decline in underground brines which will impact production of bromine
  • Bromine extraction through acid method air blowing is gaining traction on back of its simple operability and scope of application

Bromine Market Analysis

The foremost applications of bromine are for the manufacturing of brominated flame retardants. High availability of bromine is seen in seawater, for example the Dead Sea in the Middle East, accounts for one billion tonnes of extractable bromine. Industrial sources of bromine include effluents or waste through which bromine is obtained by bromination process.

Demand for bromine is growing at a fast place which makes it a challenging task for manufacturers to stay apace. Globally, bromine compounds are being increasingly sought-after as raw materials in various end used in oil & gas and  petrochemicals. Major consumers of bromine include oil producing companies, pharmaceutical companies and chemical industries.

Bromine Applications- Flame Retardants to Account for Majority Share in Bromine Market

Ever since its discovery, bromine has found high applicability in myriad end uses such as water treatment, fire safety, pharmaceutical production, and mercury emission reduction. In particular bromine is receiving notable attention for its flame retardant properties which make it suitable for a range of end uses as below

  • Brominated flame retardants comprise nearly 70 chemical substances with properties that make them ideal for washing machines, computers, radio and televisions
  • Many buildings are now equipped with foam insulation to make buildings more energy-efficient. This becomes vital as energy use in buildings accounts for more than 40% of CO2 emissions. These foams are also highly flammable which makes it important that insulation foams have sufficient flame retardancy. Thus the bromine used in these foams as a flame retardant helps to slow down the combustion in case of fire accidents
  • In Europe, trade for electronic appliances has grown by ~14% in the last five years. This has led to simultaneous changes in design and production of electronic devices. The plastics used in these are highly flammable and hence are garnering traction for flame retardant brominated polymers. These are used along with epoxy in various electric circuitry and circuit boards
  • The use of synthetic fibres in home furnishings are bringing about some challenges in terms of fire safety. Here too brominated flame retardants are being used either in isolation or as a synergist

Bromine Production – Purity Remains Prime Agenda

Traditionally, bromine is produced from brines. Within this process, production of bromine becomes advantageous when concentration of bromine is more than 2.5g/l. However, with the use of sea-water, solar evaporation ponds are used in order to achieve that level of concentration.

Production of bromine is done in a distillation column in which purification is achieved through the rectification by separating chlorine from water. Through this process bromine with a purity of 99% can be attained at the bottom of the separation column.

The manufacturing of bromine entails that these plants are at peak efficiency levels and columns have to be corrosion resistant.

Bromine Market Regional Analysis – Use of Bromine in Automotive Industry Drives Market Growth in Europe

Regionally, the US has maintained its position as the number one producer of Bromine. The US is also a key importer of bromine and its associated compounds. Its average import value saw an increase in 2019, up by 20% from 2018.

Following suit is Europe in which Germany is set to add significant clout to the market size for bromine. Automotive sector is a major driver of demand for bromine in Germany and accounts for the largest market share among all commodities that are exported out of Germany.

Anti-knock fluid applications and the use of bromine as a flame retardant is giving a boost to the bromine market in Germany. Following suit are countries such as Spain, France and UK which are using bromine as an emission reducing compound in batteries of electric cars to reduce environmental pollution.

A large chunk of the demand for bromine is also driven by the pharmaceutical industry in this region. Many compounds of bromine are being used in veterinary medicine as well as the manufacturing of sedatives and analgesics.

Bromine Market Trends – Sales of Bromine to Soar in Oil and Gas Drilling

The need for energy security is gathering momentum in developed regions worldwide. Clear brine fluids (CBFs) are witnessing enormous traction in oil and gas extraction process.

This is proving to be a revenue hotbed for potential manufacturers of bromine. For instance ICL-IP, a market leader manufacturing brominated brines supplies its recyclable CBFs to intermediaries who then formulate the brine and sell it to major oil behemoths such as Shell and Exxon.

Regions such as North America, in its quest to reduce its dependency on OPEC is investing heavily in the drilling of shale reserves.

Closing in is Asia Pacific which has a large number of shale gas reservoirs in which China holds the largest share for shale recovery. The incessant exploration for shale and consequent uptick in drilling activities in subsequently boosting the consumption for CBFs within this region.

Bromine Market Manufacturers – Remunerative Opportunities in Asia and Europe

The bromine market is highly consolidated with the presence of a few players who are dominating with a significant chunk of the overall bromine market. Some of the leading players in the market are Tosoh Corporation, Tata Chemicals, Jordan Bromine Company, Vinyl KFT and Lanxess AG.

Tosoh Corporation is one of the major manufacturers of Bromine in Asia. The company sells its bromine in its domestic market of Japan as well as in other parts of Asia.

Despite steady supply for bromine globally, countries such as China are witnessing a shortfall which is creating a demand supply gap. In keeping with this Tosoh is planning to expand its production capacity in order to offer a range of brominated products such as fungicides, agrochemicals and flame retardants.

TrustCapital LLC is expanding its footprint in Europe with large production hubs in Russia. Recently the company opened up a new bromine plant in Krasnokamsk. The plant will hold a capacity of producing 1700 tons of bromide per month. Investments to the tune of US$ 7 million have been made towadrds the first stage of the plant which will see completion by the second quarter of 2020.

Through this, the company plans to supply bromine locally and within the European market. Further, the plant also intends to produce ammonium bromide, calcium bromide and zinc bromide. In 2019 the company’s revenues accrued from exports of bromine products amounted to US$ 10 million.

Bromine Market Future Outlook – Charting its Impact on the Environment

Regionally, production of bromine is still dependent on raw brine that is obtained from the sea. With the reduction in availability of underground brines, manufacturers have not been able to sustain optimal levels of bromine production. Desalination of brine that is highly concentrated will aid manufacturers in the near term.

Brominated flame retardants are now all pervasive and have left a ubiquitous impact on the environment. Many industrial set-ups that are producing Brominated Flame Retardants (BFR) as well as facilities that are using them in consumer packaged goods are releasing toxic chemicals into the environment at the time of processing or carrying out some manufacturing practices.

Product disposal using various forms of combustion, recycling and leaching from various landfills is another route of entry for BFRs in the environment. The levels of BFR are highest in the areas or facilities that manufacture them.

The various properties of BFRs that make them highly versatile and suitable as flame retardants such as chemical stability and high adsorption also make them highly unsafe for the environment.

As per new legislations in US, manufacturing of Octa- BDE and Penta- BDE has been clearly banned in many countries of Europe. However some parts are still seeing the high utilization of these products which means that their adversarial impact on the environment will continue for their entire product lifecycle.  With their high presence in the environment, it is hardly surprising to also find them in the tissue of both wildlife and humans alike.

Halogenated flame retardants are gradually being phased out due to the threat that they pose to the environment. Within regions, efforts are being championed to develop safer alternatives that leave a lesser impact on the environment.

Over the last decade, regional governments across the world have instituted stringent regulations with regard to the release of hazardous materials. For instance, in Europe has enforced Waste Electrical and Electronic Equipment (WEEE). This ensures adequate recovery and recycling of brominated flame retardants used in electronic equipment. This has enabled manufacturers to mitigate the toxicity of BFRs to some extent.

Bromine Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030

A recent market study published by Future Market Insights (FMI) on the bromine market includes the global industry analysis for 2015-2019 & opportunity assessment for 2020-2030, and delivers a comprehensive assessment of the most important market dynamics. Our analysts conduct thorough research on the historical as well as current growth parameters of the market to obtain growth prospects with maximum precision.

Bromine Market: Taxonomy

Derivative

  • Organobromine
  • Clear Brine Fluids (CBF)
  • Hydrogen Bromide

Application

  • Biocide
  • Flame Retardant
  • Oil & Gas Drilling
  • Plasma Etching
  • PTA Synthesis
  • Fumigant Synthesis
  • Others

End Use

  • Oil & Gas
  • Chemicals
  • Pharmaceuticals & Cosmetics
  • Electronics & Consumer Goods
  • Textile
  • Medical
  • Agricultural & Pesticides
  • Automotive
  • Building & Construction
  • Water Treatment
  • Other Industrial

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia-Pacific
  • Middle East & Africa

Report Chapters

Chapter 01 – Executive Summary

The report initiates with the executive summary of the bromine market, which includes a summary of the key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the bromine market.

Chapter 02 – Market Overview

In this chapter, readers can find the definition and a detailed taxonomy of the bromine market, which will help them understand the basic information about the bromine market. Along with this, comprehensive information about bromine is provided in this section. This section also highlights the inclusions and exclusions, which help readers understand the scope of the bromine market report.

Chapter 03 – Key Market Trends

The bromine market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed industry trends are provided in this section.

Chapter 04 – Key Success Factors

This section includes key successful factors and strategies adopted by key market participants.

Chapter 05 – Global Bromine Market Demand (Tons) Analysis 2015-2019 & Opportunity Assessment 2020-2030

This section provides historical consumption of bromine from 2015 to 2019 and projections from 2020 until 2030 at global level.

Chapter 06 – Pricing Analysis

This section covers regional as well as global pricing analysis of bromine by the derivative types considered.

Chapter 07 – Global Bromine Market Value (US$ Mn) Analysis 2015-2019 & Opportunity Assessment 2020-2030

This section explains the global market value analysis and forecast for the bromine market for the forecast period of 2020-2030. This chapter includes a detailed analysis of the historical bromine market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2020), and incremental $ opportunity for the forecast period (2020–2030).

Chapter 08 – Market Background

This chapter explains key macroeconomic factors that are expected to influence the growth of the bromine market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, and value chain analysis for the bromine market. Moreover, in-depth information about the market dynamics, COVID-19 crisis and their impact analysis on the market have been provided in the successive section.

Chapter 09 – Global Bromine Market Analysis 2015-2019 & Opportunity Assessment 2020-2030, Derivative

Based on derivative, the bromine market is segmented into organobromine, hydrogen bromide and clear brine fluids (CBF). In this chapter, readers can find information about the key trends and developments in the bromine market and market attractiveness analysis based on derivative.

Chapter 10 – Global Bromine Market Analysis 2015-2019 & Opportunity Assessment 2020-2030, Application

Based on application, the bromine market is segmented into biocide, flame retardant, oil & gas drilling, plasma etching, PTA synthesis, fumigant synthesis and others. In this chapter, readers can find information about the key trends and developments in the bromine market and market attractiveness analysis based on application.

Chapter 11 – Global Bromine Market Analysis 2015-2019 & Opportunity Assessment 2020-2030, by End Use

This chapter provides details about the bromine market based on end use and has been classified into oil & gas, chemicals, pharmaceuticals & cosmetics, electronics & consumer goods, textile, medical, agricultural & pesticides, automotive, building & construction, water treatment and other industrial.

Chapter 12 – Global Bromine Market Analysis 2015-2019 & Opportunity Assessment 2020-2030, by Region

This chapter explains how the bromine market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia-Pacific, and the Middle East & Africa.

Chapter 13 – North America Bromine Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

This chapter includes a detailed analysis of the growth of the North America bromine market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on end use and countries in North America.

Chapter 14 – Latin America Bromine Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

This chapter provides the growth scenario of the bromine market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.

Chapter 15 –Europe Bromine Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

Important growth prospects of the bromine market based on its end users in several countries such as the Germany, Italy, France, the U.K., Spain, BENELUX, Russia, and the Rest of Europe are included in this chapter.

Chapter 16 – East Asia Bromine Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

This chapter highlights the growth of the bromine market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand the key factors that are responsible for the growth of the bromine market in East Asia.

Chapter 17 South Asia and Pacific Bromine Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

This chapter highlights the growth of the bromine market in South Asia-Pacific by focusing on India, ASEAN, Australia & New Zealand (ANZ) and Rest South Asia-Pacific. This section also helps readers understand the key factors that are responsible for the growth of the bromine market in South Asia-Pacific.

Chapter 18 – Middle East & Africa Bromine Market Analysis 2015-2019 & Opportunity Assessment 2020-2030

This chapter highlights the growth of the bromine market in Middle East & Africa by focusing on Turkey, GCC Countries, Northern Africa, South Africa and Rest of Middle East & Africa. This section also helps readers understand the key factors that are responsible for the growth of the bromine market in the Middle East & Africa.

Chapter 19 – Key and Emerging Countries Bromine Market Analysis

This section covers segmental market analysis for about 20 key countries for the year 2020.

Chapter 20 – Market Structure Analysis

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the bromine market, along with their market presence analysis by region and product portfolio.

Chapter 21 – Competition Analysis

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the bromine market, along with detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Israel Chemicals Limited, Albemarle Corporation, Lanxess AG, Tosoh Corp., Jordan Bromine Company, Gulf Resources Inc, Tata Chemicals Limited, Hindustan Salts Limited, Tetra Technologies Inc., and others

Chapter 22 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the bromine market report.

Chapter 23 – Research Methodology

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the bromine market.

Applications and Primary Research Splits (%)

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  • Current market dynamics and challenges
  • Yesteryear trends
  • Market characteristics
  • Market performance and growth quadrants
  • Competition structure and market structure
  • Strategic growth initiatives
  • Near-term and long-term market growth prospects
  • Market segment splits and authenticity
  • Opinions on market projections and validity of assumptions

References Catalogue

  • Industry Publications
  • Industry Associations
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

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