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Report overview
Bromine (Br2) is a reddish brown liquid that gives off dark red, highly corrosive fumes having a sharp, penetrating odor. It is indispensable raw material for inorganic pharmaceuticals, photosensitive materials, dyes and medicine. It is also the base ingredient used in the manufacturing of hydrobromic acid (HBr) which is further utilized as a raw material for organic intermediates and medicines including lithium bromide and terephthalic acid. It is obtained from seawater, natural brines, or as the by -product brines of potash recovery.
The Bromine derivatives are the chemical which chemical functional groups are replaced by the Bromine.
This report aims to provide a comprehensive presentation of the global market for Bromine & Derivatives, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bromine & Derivatives. This report contains market size and forecasts of Bromine & Derivatives in global, including the following market information:
The global Bromine & Derivatives market was valued at US$ 5196.9 million in 2022 and is projected to reach US$ 6132.3 million by 2029, at a CAGR of 2.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In the recent years, bromine and derivatives capacity showed a trend of steady growth. At present, the major manufacturers of bromine are concentrated in ICL, Albemarle and Lanxess. ICL is the world's largest bromine and derivatives producer. ICL is the largest producer, accounting for 30% of the global share.
We surveyed the Bromine & Derivatives manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Bromine & Derivatives Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (Kilo MT)
Global Bromine & Derivatives Market Segment Percentages, by Type, 2022 (%)
Global Bromine & Derivatives Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (Kilo MT)
Global Bromine & Derivatives Market Segment Percentages, by Application, 2022 (%)
Global Bromine & Derivatives Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (Kilo MT)
Global Bromine & Derivatives Market Segment Percentages, By Region and Country, 2022 (%)
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Bromine & Derivatives revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Bromine & Derivatives revenues share in global market, 2022 (%)
Key companies Bromine & Derivatives sales in global market, 2018-2023 (Estimated), (Kilo MT)
Key companies Bromine & Derivatives sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Outline of Major Chapters: