benzinga33d ago
DELRAY BEACH, Fla., March 4, 2026 /PRNewswire/ -- According to MarketsandMarkets, "Bromine Market by Derivative (Organobromine, Clear Brine Fluids, and Hydrogen Bromide), Application (Flame Retardant, PTA Synthesis, Oil & Gas Drilling, Water Treatment & Biocides, HBR Flow Battery, Pesticides), and Region - Global Forecast to 2030", The bromine market is projected to grow from USD 2.86 billion in 2025 and to reach USD 3.76 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period.Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=42782196Bromine Market Size & Forecast:Market Size Available for Years: 2019-20302025 Market Size: USD 2.86 billion2030 Projected Market Size: USD 3.76 billionCAGR (2025-2030): 5.6% Bromine Market Trends & Insights:The bromine market comprises specialty oils used to support efficient manufacturing and enhance performance across industrial applications, with segmentation defined by application, function, type, and end user. Under the application segment, demand from tire & rubber and polymer manufacturing continues to support consistent consumption, as bromine markets are essential for improving material flexibility, flow behavior, and compounding efficiency. From a functional perspective, their use as extender oils and plasticizers enables manufacturers to optimize formulations while maintaining desired mechanical properties and cost efficiency. In terms of type, the growing preference for non-carcinogenic, paraffinic grades reflects increasing regulatory awareness and an emphasis on safer material handling without compromising processing performance. On the end user side, industries such as automotive, construction, and manufacturing rely on bromine markets as critical formulation components rather than optional additives. Market growth is driven by expanding industrial activity, rising material consumption, and continuous production across these end-use sectors, which require stable, scalable process solutions. In addition, gradual formulation upgrades and replacement of traditional grades with compliant alternatives are supporting sustained demand, positioning bromine markets as an integral part of modern industrial manufacturing workflows.Asia Pacific is expected to register the highest CAGR (7.0%) during the forecast period.By derivative, the hydrogen bromide segment is projected to grow at the highest CAGR (6.0%) during the forecast period.By application, the flame retardants segment is projected to register the highest CAGR (6.0%) during the forecast period.By sales channel, the direct sale segment is expected to lead the market during the forecast period.By grade, the technical grade segment is expected to dominate the market.By end user, the oil and gas segment is expected to lead the overall market during the forecast period.ICL, Albemarle Corporation, LANXESS, Jordan Bromine Company, and Tosoh Corporatio were identified as some of the leading players in the bromine market, given their strong market share and product footprint.Dhruv Chem Industries, Sangfroid Chemicals Pvt. Ltd., Chemada, and Shandong Haihua Group Co., have become leading startups or SMEs because they identify niche gaps early and deliver solutions that precisely match unmet customer needs. Their agility, faster decision-making, and ability to innovate continuously allow them to outperform larger, less flexible competitors.Browse in-depth TOC on "Bromine ...Full story available on Benzinga.com
