Bromine Derivatives Market - Growth, Trends, COVID-19 Impact, and Forecast (2022 - 2027)

The Bromine Derivatives Market is Segmented by Derivatives (Bromo Benzene, Bromo Chloro Propane, n-Propyl Bromide, Inorganic Bromides, Alkyl Bromides, and Others), Application (Pharmaceutical, Chemical Synthesis, Solvent, Flame Retardants, Water Treatment, and Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Global Bromine Derivatives Market in value (USD Million) for all the above segments.

Market Snapshot

Bromine Derivatives Market - Market Summary
Study Period: 2022-2027
Base Year: 2021
Fastest Growing Market: Asia-Pacific
Largest Market: Asia-Pacific
CAGR: >5 %

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Market Overview

The global bromine derivatives market is estimated to register a CAGR of over 5% during the forecast period.

The COVID-19 outbreak caused nationwide lockdowns globally, which disrupted many industrial sectors like building & construction, electronics manufacturing, and oil & gas drilling operations leading to a slowdown in demand for bromine derivatives. However, the conditions began to improve in 2021, as most of the electronics, oil & gas drilling, and construction industries recovered, which is expected to boost the market growth during the forecast period.

  • Increasing the use of bromine derivatives in water disinfection and industrial cooling water treatment purposes will further drive the demand. Bromine derivatives are used as antiseptics, hypnotics, anticonvulsants, and sedatives in the pharmaceutical industry. Demand for bromine derivatives is expected to rise in accordance with the growth of the pharmaceutical and water treatment industries.
  • Global demand and supply for oil is expected to continue fluctuating with rising geopolitical tensions. This could potentially affect the demand for bromine derivatives with applications in the oil and gas drilling industry.
  • Nevertheless, with bromine derivatives being used as an intermediate in many chemical, pharmaceutical, and agro-industries, the demand and consumption are expected to grow during the forecast period.
  • The Asia-Pacific region is expected to dominate the global market and is also likely to witness the highest CAGR during the forecast period.

Scope of the Report

Derivatives that are made with the formulation of bromine halogen are called bromine derivatives. A few types of bromine derivatives that are widely used in different industries are inorganic bromides, alkyl bromides, hydrobromic acid, and dimethyl hydantoin (DBDMH), among others. Bromine derivatives find their way into many end-user applications including pharmaceutical intermediates, flame-retardants, water treatment, and in the manufacturing of pesticides. It is also widely used in oil and gas drilling, and completion fluids. The global bromine derivatives market is segmented by type (bromobenzene, bromochloro propane, n-propyl bromide, inorganic bromides, alkyl bromides, and other types), application (pharmaceutical, chemical synthesis, solvent, flame retardants, water treatment, and other applications) and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report also covers the market size and forecasts for the laminated adhesives market in 16 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of value (USD Million).

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Key Market Trends

Increasing Usage from the Water Treatment Segment

  • With the rising need for sustainability, and industries focusing on complete water treatment solutions to increase the recyclability of water, bromine derivatives are expected to grow significantly during the forecast period. 
  • According to UN Data, in 2020, around 56 percent of household wastewater flows were safely treated globally. 
  • Bromine derivatives are used in the preparation of biocides for water treatment. Bromine-based biocides work efficiently at controlling the microbiological load in water systems while ensuring corrosion is kept under check. Stabilized bromine-based biocides are widely used in industrial applications such as cooling towers and pre-treatment processes since they eliminate the need to control pH for efficacy.
  • One such bromine derivative, dimethyl hydantoin (DBDMH) is being widely used as a disinfectant in recreational water treatment, with limited use in drinking water purification. It is also used as a bleaching agent in the pulp and paper industry. DBDMH is also widely used in treating industrial and commercial water-cooling systems.
  • The overall growth of the water treatment industry is expected to be a strong driver for the overall demand and consumption of bromine derivatives used in the water treatment application.
Bromine Derivatives Market - Segmentation

Asia-Pacific Region to Dominate the Market

  • Over the past decade, there has been exponential growth in the pharma industry in Asia-Pacific, which is now at the epicenter of the global pharmaceutical industry. 
  • China and Japan specifically have shown tremendous development and growth in this industry. Well-supported by ongoing infrastructure build-up, increasing healthcare spending and coverage, and a favorable regulatory environment, China has seen strong and consistent growth. 
  • India, Indonesia, Vietnam, and Thailand also show immense potential opportunities considering the growing population and R&D expenditure. R&D innovation is also booming in the region, with China being second to the United States, accounting for 14% of novel pipeline assets, followed by Japan and Korea at around 5% each.
  • The chemical industry segment is also expected to show robust growth in the region. According to CEFIC, China’s share of global chemical sales will have risen from its current 41% to 49% by 2030. Indian specialty chemical giants like Pidilite Industries, Aarti Industries Limited, SRF Limited, Deepak Nitrites, and Atul Limited, among others are driving the growth of the chemical industry segment in India.
  • With bromine additives being extensively used in the pharmaceutical and specialty chemical industries, the overall growth of these two segments in the Asia-Pacific region is expected to drive the demand for bromine derivatives during the forecast period.
Bromine Derivatives Market - Segmentation

Competitive Landscape

The bromine derivatives market is heavily consolidated in nature. Some of the major players in the market include Albemarle Corporation, LANXESS, Jordan Bromine Company, Gulf Resources, Tata Chemicals Ltd., and Others.

Major Players

  1. Albemarle Corporation

  2. LANXESS

  3. Jordon Bromine Company

  4. Gulf Resources

  5. Tata Chemicals Ltd.

Bromine Derivatives Market Market Concentration.png

Recent Development

  • In August 2021, the Environmental Protection Agency (EPA) released revised guidelines on the usage of methyl bromide as a quarantine and pre-shipment fumigant for logs stored in a ship’s hold, effective from 1st January 2023.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increased Usage of Biocide in Water Treatment Industry

      2. 4.1.2 Bromine Derivatives as Intermediates in Chemical, Pharmaceutical and Agro Industries

    2. 4.2 Restraints

      1. 4.2.1 Reduced Oil and Gas Demand Owing to Geopolitical Tensions

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Derivatives

      1. 5.1.1 Bromo Benzene

      2. 5.1.2 Bromo Chloro Propane (BCP)

      3. 5.1.3 n-Propyl Bromide (NBR)

      4. 5.1.4 Inorganic Bromides

      5. 5.1.5 Alkyl Bromides

      6. 5.1.6 Other Derivatives

    2. 5.2 Application

      1. 5.2.1 Pharmaceutical

      2. 5.2.2 Chemical Synthesis

      3. 5.2.3 Solvent

      4. 5.2.4 Flame Retardants

      5. 5.2.5 Water Treatment

      6. 5.2.6 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 France

        5. 5.3.3.5 Spain

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Albemarle Corporation

      2. 6.4.2 BRB Chemicals

      3. 6.4.3 Dhruv Chem Industries

      4. 6.4.4 Gulf Resources

      5. 6.4.5 Jordon Bromine Company

      6. 6.4.6 Krishna Solvachem Ltd

      7. 6.4.7 LANXESS

      8. 6.4.8 Merck KGaA

      9. 6.4.9 Mody Chemi Pharma Ltd

      10. 6.4.10 PACIFIC ORGANICS PVT. LTD.

      11. 6.4.11 Shandong Hengalin Chemical Co. Ltd.

      12. 6.4.12 Shanghai Wescco Chemical Co. Ltd.

      13. 6.4.13 Tata Chemicals Ltd.

      14. 6.4.14 Thermo Fisher

      15. 6.4.15 Tokyo Chemical Industry Co. Ltd.

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
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Frequently Asked Questions

The Bromine Derivatives Market market is studied from 2022 - 2027.

The Bromine Derivatives Market is growing at a CAGR of >5% over the next 5 years.

Asia-Pacific is growing at the highest CAGR over 2021- 2026.

Asia-Pacific holds highest share in 2021.

Albemarle Corporation, LANXESS, Jordon Bromine Company, Gulf Resources, Tata Chemicals Ltd. are the major companies operating in Bromine Derivatives Market.

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