India Bromine Market, By Derivative (Organobromine, Clear Brine Fluids, Hydrogen Bromide, Others), By Application (Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTA Synthesis, Others), By End User Industry (Oil and Gas, Chemical, Pharmaceutical, Electronics, Textile, Others), By Region, Competition Forecast and Opportunities 2028

  • Industry : Chemicals
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Summary

Report Description

India Bromine Market is anticipated to increase at an impressive rate in the forecast period 2028. Bromine has widespread usage in various applications, such as energy storage, rubber, water treatment, pharmaceuticals, and agriculture. The most prominent use of bromine is in the fire safety sector and mercury emission control. In India, bromine is dominated by brominated organic intermediates, biocides, pesticides, and other applications such as water treatment, etc. Bromine is synthesized from highly concentrated brine left over after the precipitation of potash and magnesium salts (kainite), which is utilized as a raw material. The United States leads the world in bromine production, followed by China, India, Israel, Jordan, and other significant producers of elemental bromine.

Flame retardants hinder the combustion process by forming free radicals, thus preventing the fire from spreading. The anti-inflammatory property of flame retardants reduces fire-related risks significantly. According to the National Crime Records Bureau, fire accidents increased from 16,695 in 2016 to 9,329 in 2020. Moreover, the western state of India, Maharashtra, has the highest number of accidental fire incidents.

Brominated flame retardants (BFRs) are made from artificial chemicals used in industry to make various products less flammable. The five standard classes of Brominated flame retardants used in multiple end-user industries, such as in plastics, textiles, and electrical/electronic equipment, are Polybrominated diphenyl ethers, Hexabromocyclododecanes, Tetrabromobisphenol A, Polybrominated biphenyls and Other brominated flame retardants. All these factors are fueling the growth of the market.


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Increasing Demand from Oil & Drilling Sector

The rising demand from the oil and gas drilling sector has substantially contributed to the growth of the India Bromine Market. The oil and gas industry uses bromine to clear brines, which increases both efficiency and productivity of oil wells. They have numerous advantages over other fluids, such as their weight, thermal and chemical stability, and lubricating ability to aid the extraction of oil and gas and help preserve the costly equipment used in the process. According to the government of India, India will likely double its area for oil and gas exploration and manufacturing of oil & gas to 0.5 million square kilometers by 2025 and 1 million square kilometers by 2030. Hence, the constant rise from the oil and gas drilling sector will stimulate the growth of the India Bromine Market in the forecast period.

Mergers & Acquisitions

In 2018, US-based Chemtura Corporation acquired India Solaris Chemtech to expand its customer base and product portfolio. Solaris is a crucial manufacturer of bromine and its derivatives in India. Further, Solaris sells this product to end-user industries such as water purifiers and disinfectants and to control algae and bacteria growth in industrial processes.

Market Segmentation

India Bromine Market is segmented based on Derivative, Application, and End User Industry. Based on Derivative, the market is divided into Organobromine, Clear Brine Fluids, Hydrogen Bromide, Others. Based on Application, the market is divided into Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTA Synthesis, Others. Based on End User Industry the market is bifurcated into Oil and Gas, Chemical, Pharmaceutical, Electronics, Textile, Others.

Market Players

Solaris ChemTech Industries, Satyesh Brine Chem, Jordan Bromine Company Limited, Lanxess AG, Archean Chemical Industries, Tata Chemicals Limited, Vinyl KFT Ltd., Satyesh Brinechem Private Limited, Agrocel Industries Pvt. And Honeywell International India Pvt. Ltd are some of the key players operating in the India Bromine Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, Volume in metric ton, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, Volume forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Derivative

Application

End User Industry

Regional scope

East; West; North; South.

Key companies profiled

Solaris ChemTech Industries, Satyesh Brine Chem, Jordan Bromine Company Limited, Lanxess AG, Archean Chemical Industries, Tata Chemicals Limited, Vinyl KFT Ltd., Satyesh Brinechem Private Limited, Agrocel Industries Pvt. And Honeywell International India Pvt. Ltd

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:
In this report, India Bromine Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India Bromine Market, By Derivative:

o   Organobromine

o   Clear Brine Fluids

o   Hydrogen Bromide

o   Others

·         India Bromine Market, By Application:

o   Flame Retardants

o   Water Treatment

o   HBr Flow Batteries

o   Mercury Emission Control

o   PTA Synthesis

o   Others

·         India Bromine Market, By End User Industry:

o   Oil and Gas

o   Chemical

o   Pharmaceutical

o   Electronics

o   Textile

o   Others

·         India Bromine Market, By Region:

o   North

o   South

o   West

o   East 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Bromine Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

India Bromine Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

1.1.       Market Definition

1.2.       Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.       Objective of the Study

2.2.       Baseline Methodology

2.3.       Key Industry Partners

2.4.       Major Association and Secondary Sources

2.5.       Forecasting Methodology

2.6.       Data Triangulation & Validation

2.7.       Assumptions and Limitations

3.    Executive Summary

3.1.       Overview of the Market

3.2.       Overview of Key Market Segmentations

3.3.       Overview of Key Market Players

3.4.       Overview of Key Regions/Countries

3.5.       Overview of Market Drivers, Challenges, and Trends

4.    Voice of Customer

5.    India Bromine Market Overview

5.1.       Demand Analysis

5.1.1.    Production

5.1.2.    Import

5.1.3.    Export

5.1.4.    Inventory

5.1.5.    Demand & Supply Gap

6.    India Bromine Market Outlook

6.1.       Market Size & Forecast

6.1.1.    By Value & Volume

6.2.       Market Share & Forecast

6.2.1.    By Derivative (Organobromine, Clear Brine Fluids, Hydrogen Bromide, Others)

6.2.2.    By Application (Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTA Synthesis, Others)

6.2.3.    By End User Industry (Oil and Gas, Chemical, Pharmaceutical, Electronics, Textile, Others)

6.2.4.    By Region (North, South, West, and East)

6.2.5.    By Company (2022)

6.3.       Market Map

6.3.1.    By Derivative

6.3.2.    By Application

6.3.3.    End User Industry

6.3.4.    By Region

7.    North India Bromine Market Outlook

7.1.       Market Size & Forecast       

7.1.1.    By Value & Volume

7.2.       Market Share & Forecast

7.2.1.    By Derivative

7.2.2.    By Application

7.2.3.    By End user Industry

7.2.4.    By States (Top 3 states)

8.    South India Bromine Market Outlook

8.1.       Market Size & Forecast       

8.1.1.    By Value & Volume

8.2.       Market Share & Forecast

8.2.1.    By Derivative

8.2.2.    By Application

8.2.3.    By End user Industry

8.2.4.    By States (Top 3 states)

9.    West India Bromine Market Outlook

9.1.       Market Size & Forecast       

9.1.1.    By Value & Volume

9.2.       Market Share & Forecast

9.2.1.    By Derivative

9.2.2.    By Application

9.2.3.    By End user Industry

9.2.4.    By States (Top 3 states)

10.  East India Bromine Market Outlook

10.1.     Market Size & Forecast       

10.1.1.  By Value & Volume

10.2.     Market Share & Forecast

10.2.1.  By Derivative

10.2.2.  By Application

10.2.3.  By End user Industry

10.2.4.  By States (Top 3 states)

11.  Market Dynamics

11.1.     Drivers

11.2.     Challenges

12.  Market Trends & Developments

13.  Import & Export Dynamics

13.1.     Country wise Imports

13.2.     Country wise Exports

14.  Pricing Analysis

15.  Product Benchmarking

16.  Policy and Regulatory Landscape

17.  Porters Five Forces Analysis

17.1.     Competition in the Industry

17.2.     Potential of New Entrants

17.3.     Power of Suppliers

17.4.     Power of Customers

17.5.     Threat of Substitute Products

18.  Competitive Landscape

18.1.     Business Overview

18.2.     Company Snapshot

18.3.     Products & Services

18.4.     Financials (As Reported)

18.5.     Recent Developments

18.6.     SWOT Analysis

18.6.1.  Solaris ChemTech Industries

18.6.2.  Satyesh Brine Chem

18.6.3.  Jordan Bromine Company Limited

18.6.4.  Lanxess AG

18.6.5.  Archean Chemical Industries

18.6.6.  Tata Chemicals Limited

18.6.7.  Vinyl KFT Ltd.

18.6.8.  Satyesh Brinechem Private Limited

18.6.9.     Agrocel Industries Pvt.

18.6.10.   Honeywell International India Pvt. Ltd.

19.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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Rising demand from various End-User Industries and favorable government policies are factors that drive the demand for the Bromine Market in the forecast period.

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Solaris ChemTech Industries, Satyesh Brine Chem, Jordan Bromine Company Limited, Lanxess AG, Archean Chemical Industries, Tata Chemicals Limited, Vinyl KFT Ltd., Satyesh Brinechem Private Limited, Agrocel Industries Pvt. And Honeywell International India Pvt. Ltd are the key players operating in the India Bromine Market.

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Based on Application the market is fragmented into Flame Retardants, Water Treatment, HBr Flow Batteries, Mercury Emission Control, PTA Synthesis, Others. Flame Retardants Dominated the market due to its widespread use and acceptance in the region.

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The West region is dominating the market and is expected to maintain its dominance over the projected period.

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