수처리 솔루션, 농약 및 의약품에서 브롬화 화합물의 사용 증가는 브롬 유도체 시장을 촉진할 것으로 예상되며, 엄격한 규제를 충족하고 제품 성능을 향상시키기 위해 기업이 창조적이고 실용적인 화학 솔루션의 요구에서 브롬 유도체 시장은 급성장할 것으로 예상됩니다. Verified Market Research의 분석가에 따르면, 브롬 유도체 시장은 2024년 약 49억 달러의 평가액을 밑돌았고, 예측 기간 동안 70억 5,000만 달러의 평가 금액에 도달할 것으로 추정됩니다.
전자, 자동차, 건설 등 일부 산업에서 화재 안전 규제를 개선하는 데 필요한 난연제의 요구가 브롬 유도체 시장을 견인하고 있습니다. 2024년부터 2031년까지의 CAGR은 5.12%로 성장할 전망입니다.
브롬 유도체 시장 정의 및 개요
브롬 유도체는 브롬이 다른 원소와 반응하여 생성되는 화합물로, 브롬화나트륨, 브롬화칼슘, 테트라브로모비스페놀 A 등의 물질을 생성합니다. 난연제는 화재의 안전성을 높이기 위해 전자기기, 섬유제품, 건축재료에, 또한, 염수 유체를 정화하기 위해서 석유 및 가스 시추에 일반적으로 사용되고 있습니다. 또한, 브롬 유도체는 의약품, 살생물제로서의 농업, 수처리 프로세스에 있어서도 주요한 역할을 담당하고 있으며, 산업 전체의 안전성과 효율성을 높이는데 있어서 중요한 역할을 하고 있습니다.
전자 산업 증가와 엄격한 화재 안전 기준이 브롬계 난연제 수요를 밀어 올리고 있습니다. 국제통신연합(ITU)에 따르면 세계 인터넷 이용자는 2021년에 49억 명에 달했고, 2019년부터 17% 증가했습니다. 이러한 전자기기 이용의 급증이 가전제품의 난연제 수요를 끌어올려 브롬 유도체 시장을 확대하고 있습니다.
브롬 유도체는 석유 및 가스 탐사의 굴착액으로서 일반적으로 이용되고 있습니다. 미국 에너지 정보국(EIA)에 따르면 세계 석유 생산량은 2020년부터 2025년까지 7% 증가할 것으로 예측되고 있습니다. 석유 및 가스 활동 증가는 심해나 고온의 갱정지에서의 굴착 작업용으로 브롬 화합물을 포함한 투명한 식염수 수요를 밀어 올리고 있습니다.
또한, 수처리 솔루션에 대한 요구가 증가함에 따라 브롬 유도체 시장을 견인하고 있습니다. 세계보건기구(WHO)는 2025년까지 세계 인구의 절반이 물 부족 지역에 살게 될 것으로 예측했습니다. 이 때문에 수처리용 브롬계 살생물제의 사용이 증가하고 있습니다. Verified Market Research는 브롬 유도체를 포함한 수처리 약품 세계 시장이 2031년까지 1,010억 2,000만 달러에 달할 것으로 예측했습니다.
브롬의 비용이 높은 것이, 브롬 유도체 시장의 큰 제약이 되고 있습니다. 천연 자원으로부터의 브롬 추출 및 가공에는 비용이 들기 때문에 브롬 화합물의 생산 비용이 높아집니다. 이 높은 비용이 특히 저렴한 옵션이 존재하는 경우 제조업체가 제품에 브롬을 사용하는 것을 망설이게합니다. 그 결과 기업은 경쟁력 있는 가격 설정을 유지하기 어려워지고 시장 확대가 제한됩니다.
또한, 브롬을 포함한 광물의 희소성도 장애가 되고 있습니다. 브롬 공급은 대부분이 지구에 균등하게 분포되지 않은 특수 지층을 기반으로 합니다. 이 제한된 가용성은 공급망 중단 및 가격 변동을 초래하여 비즈니스에 불확실성을 초래합니다. 브롬 유도체 수요가 개척됨에 따라 이러한 천연 자원에 대한 압력이 높아져 생산 능력과 시장 확대가 제한될 수 있습니다.
The growing use of brominated compounds in water treatment solutions, agrochemicals, and pharmaceuticals is expected to propel the market for bromine derivatives, which is expected to grow quickly as businesses look for creative and practical chemical solutions to meet strict regulations and improve product performance. According to the analyst from Verified Market Research, the bromine derivatives market is estimated to reach a valuation of USD 7.05 Billion over the forecast subjugating around USD 4.9 Billion valued in 2024.
The need for flame retardants, which are necessary to improve fire safety regulations in several industries, including electronics, automotive, and construction, is driving the bromine derivatives market. It enables the market to grow at a CAGR of 5.12% from 2024 to 2031.
Bromine Derivatives Market: Definition/ Overview
Bromine derivatives are chemical compounds created when bromine reacts with other elements, producing substances such as sodium bromide, calcium bromide, and tetrabromobisphenol A. Due to their distinctive features, these compounds are widely used in a variety of industries. Flame retardants are commonly used in electronics, textiles, and construction materials to improve fire safety, as well as in oil and gas drilling to clear brine fluids. Furthermore, bromine derivatives have major roles in pharmaceuticals, agriculture as biocides, and water treatment processes, making them critical in enhancing safety and efficiency across industries.
The increasing electronics industry and strict fire safety standards are pushing up demand for bromine-based flame retardants. According to the International Telecommunication Union (ITU), global Internet users reached 4.9 billion in 2021, up 17% from 2019. This spike in electronic device usage is driving up demand for flame retardants in consumer electronics, increasing the bromine derivatives market.
Bromine derivatives are commonly utilized as drilling fluids in oil and gas exploration. According to the US Energy Information Administration (EIA), worldwide oil production is predicted to increase by 7% between 2020 and 2025. The increase in oil and gas activity is pushing up demand for clear brine fluids containing bromine compounds for drilling operations in deep-water and high-temperature wells.
Furthermore, the rising need for water treatment solutions is driving the bromine derivatives market. The World Health Organization (WHO) predicts that by 2025, half of the global population will live in water-stressed areas. This has resulted in an increased use of bromine-based biocides for water treatment. Verified Market Research predicts that the global market for water treatment chemicals, which includes bromine derivatives, will reach $101.02 billion by 2031.
The high cost of bromine is a significant limitation of the bromine derivatives market. Bromine extraction and processing from natural sources are expensive, increasing the cost of producing bromine compounds. This high cost discourages manufacturers from employing bromine in their products, especially when cheaper options exist. As a result, corporations confront difficulty in maintaining competitive pricing, thereby limiting market expansion.
Furthermore, the scarcity of minerals containing bromine is another obstacle. Bromine's supply is mostly based on unique geological formations that are not evenly distributed around the planet. This limited availability causes supply chain interruptions and pricing volatility, generating uncertainty for businesses. As demand for bromine derivatives develops, the pressure on these natural resources increases, potentially limiting production capacities and market expansion.
According to VMR Analysis, the sodium bromide segment is estimated to hold the largest market share during the forecast period. The increased demand for sodium bromide in the oil and gas sector is one of the factors driving its dominance. As worldwide exploration and production activities expand, so does the demand for effective drilling fluids. Sodium bromide's qualities make it perfect for use in high-density brine solutions, making it appealing to oil and gas industries looking for dependable and efficient materials for their operations.
The growing use of water treatment applications is another important factor. Sodium bromide is widely acknowledged as an excellent disinfectant, particularly in swimming pools and spas. The growing emphasis on water quality and safety, combined with urbanization and industrialization, is driving increased demand for sodium bromide in water treatment applications, reinforcing its market position.
Furthermore, the increasing pharmaceutical sector is a major driver of sodium bromide's market share. Its use as an intermediary in the manufacture of several medicinal substances drives up its demand. As the worldwide pharmaceutical sector grows, the demand for dependable and effective bromine derivatives such as sodium bromide increases, consolidating its market position.
The chemical segment is estimated to dominate the bromine derivatives market during the forecast period. The rising need for flame retardants in a variety of applications, especially in the chemical sector, is one important driver. Bromine derivatives are critical for manufacturing effective flame retardants that meet stringent safety requirements, particularly in consumer electronics and construction materials. The growing emphasis on safety rules is driving demand for brominated compounds, cementing the chemical segment's dominance.
The growth of the pharmaceutical industry, where bromine derivatives are essential for the synthesis of active medicinal components, is another driver. The continued breakthroughs in drug discovery and the launch of new treatments are greatly increasing the need for brominated chemicals. This increase in the pharmaceutical business contributes to the chemical segment's dominant position in the bromine derivatives market.
Furthermore, the increasing use of bromine derivatives in agrochemicals is boosting the chemical segment's growth. The use of brominated chemicals in insecticides and herbicides increases agricultural output and pest control efficiency. As worldwide food demand grows, the agricultural sector's reliance on effective bromine-based solutions boosts the chemical segment's market share.
According to VMR Analyst, the Asia Pacific region is estimated to dominate the bromine derivatives market during the forecast period. The Asia Pacific region, particularly China, Japan, and South Korea, leads the global electronics manufacturing sector. The United Nations Conference on Trade and Development (UNCTAD) estimates that Asia accounts for roughly 80% of global electronics exports. China alone shipped USD 671 Billion worth of electronics in 2020. This enormous electronics industry fuels demand for bromine-based flame retardants, which are a major portion of the bromine derivatives market.
The construction industry in Asia Pacific is booming, with a growing emphasis on fire safety. The Asian Development Bank (ADB) estimates that the region would need to invest $26 trillion in infrastructure between 2016 and 2030. The increase in construction activity, combined with tougher fire safety regulations, is boosting demand for bromine-based flame retardants in building materials, insulation, and furnishings.
Furthermore, rapid urbanization in the Asia Pacific is driving up the demand for water treatment products, particularly bromine-based biocides. According to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP), the region's urban population is projected to increase from 2.3 billion in 2019 to 3.5 billion by 2050. This urbanization is stressing water supplies, demanding modern water treatment systems that use bromine compounds.
North America is estimated to exhibit substantial growth within the bromine derivatives market during the forecast period. North America has established stringent fire safety regulations, increasing demand for bromine-based flame retardants. According to the National Fire Protection Association (NFPA), there were 1,291,500 fires reported in the United States in 2019, totaling USD 14.8 Billion in property damage. This has resulted in greater use of flame retardants in construction materials and automotive components, hence strengthening the region's bromine derivatives market.
The shale gas development in North America has driven up demand for clear brine fluids containing bromine compounds. According to the Energy Information Administration (EIA), shale gas production in the United States has increased from roughly 1 trillion cubic feet in 2006 to nearly 26.3 trillion cubic feet in 2020, accounting for 79% of total natural gas production. This surge in shale gas activities is driving the demand for bromine derivatives used in drilling fluids.
Furthermore, the North American region is becoming increasingly concerned about water quality and shortage, prompting increased investment in water treatment technologies. The US Environmental Protection Agency (EPA) estimates that maintaining and improving drinking water infrastructure in the United States will cost USD 472.6 Billion over the next 20 years. This emphasis on water treatment is increasing the demand for bromine-based biocides and other water treatment chemicals in the region.
The competitive landscape of the bromine derivatives market is characterized by a mix of established global businesses and developing regional firms, resulting in a dynamic environment that encourages innovation and expansion. The market is highly fragmented, with companies focused on specific categories including flame retardants, biocides, and pharmaceuticals.
Some of the prominent players operating in the bromine derivatives market include:
Albemarle Corporation
LANXESS
Israel Chemicals Limited
Tata Chemicals Limited
Chemtura Corporation
Jordan Bromine Company
Gulf Resources, Inc.
Hindustan Salts Limited
TETRA Technologies, Inc.
Tosoh Corporation
In March 2024, Archean Chemical Industries started manufacturing bromine derivative goods. The unit has commissioned the production plant for bromine derivative products.
In August 2021, the Environmental Protection Agency (EPA) updated standards for using methyl bromide as a quarantine and pre-shipment fumigant for logs kept in a ship's hold, beginning January 1st, 2023.