How are Increasing Mercury Emissions Driving Demand for Bromine?

The global bromine market attained a valuation of $1,864.3 million in 2019 and will progress at a CAGR of 5.7% between 2020 and 2030, as per the estimates of P&S Intelligence, a market research firm based in India. The main factors fueling the expansion of the market are the rising utilization of bromine compounds for reducing mercury emissions, increasing usage of clear brine fluids in oil and gas drilling activities, and the growing demand for environment-friendly polymeric flame retardants.

Based on derivative, the market for bromine is categorized into bromide salts, hydrogen bromide, and organobromide. Out of these, the bromide salts category will register the fastest growth in the market in the future, mainly on account of the growing usage of these materials in clear brine fluid production. The increasing oil and gas exploration and production (E&P) activities are pushing up the demand for clear brine fluids, which is, in turn, fueling the rapid growth of the bromide salts category.

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The market is also divided, based on application, into flame retardants, clear brine fluids, water treatment, and pharmaceuticals categories. Amongst these, the flame retardants division recorded the highest growth in the market in the past, due to the large-scale usage of various bromine compounds such as allyl bromide, ammonium bromide, vinyl bromide, and ethyl bromide in fire extinguishers and retardants. Besides helping greatly in putting out fires, these chemicals also make the products that contain them considerably less flammable.

Globally, the Asia-Pacific bromine market would be the most prosperous one in the forthcoming years. This is credited to the increasing urban population and the surging sales of electronic products, insulation, and plastics in Japan, China, India, Thailand, and South Korea, due to the soaring disposable income of the people residing in these countries. As the bromine-based flame retardants are heavily used in these items, the growing sales of these products are boosting the market growth in the region.

Hence, it can be said without any hesitation that the market would exhibit rapid expansion all over the world in the upcoming years, primarily because of the soaring usage of clear brine fluids in oil and gas E&P activities and the surging utilization of bromine compounds in flame retardants and fire extinguishers.

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Demand for Bromine Highest in Asia-Pacific

Mercury emissions across the globe have been increasing rapidly across the globe, the major reason for which is the surging utilization of fossil fuels for generating energy. While mercury occurs naturally on earth, it is harmful to human health, particularly to children and pregnant women, in the form of emissions. In addition to this, capturing mercury emissions is hard, owing to which the demand for bromine is increasing. Bromine aids in breaking up mercury molecules, which makes it easier to capture the molecules through emission control equipment. 

Another reason which is resulting in the growth of the bromine market is the surging consumption of clear brine fluids in the oil & gas drilling. This is owing to the ability of clear brine fluids to decrease the bottom-hole pressure and temperature in the well bores. A number of soluble salts are added to these fluids in a specific concentration after considering densities, freeze points, clarity, and pressure/temperature. Brine display enhanced wellbore stability in the salt, less fine-hole gauge, fast shale penetration rates, and formation damage. In addition to this, the initial cost of setting up the casing for the mud for drilling is reduced with the utilization of brine.

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The global bromine market reached a value of $1,864.3 million in 2019, and is expected to register a 5.7% CAGR during 2020–2030. The market is divided into organobromide, hydrogen bromide, and bromide salts, among which, the organobromide division accounted for the major share of the market in 2019. This can be ascribed to the surging consumption of these derivatives, such as ethylene dibromide, styrene bromide, allyl bromide, vinyl bromide, and propylene bromide, for the production of flame retardants, pesticides, intermediates for gasoline antiknock agents, fumigants, and organic synthesis, and catalysts. The bromide salts division is projected to progress at the fastest pace during the forecast period.    

As per a report by P&S Intelligence, the Asia-Pacific region dominated the bromine market during the historical period (2014–2019), which is attributed to the high consumption and production of bromine derivatives in China. The country has naturally occurring bromine in abundance, along with high number of consumers and cost-effective labor, because of which, various enterprises from outside are setting up their manufacturing plants in the country. Moreover, as the disposable income of people in the region is rising, the demand for different bromine-based products is growing as well. 

Hence, the demand for bromine is rising due to the surging mercury emissions, growing consumption of clear brine fluids, and increasing adoption of bromine-based storage technology grids.

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