Sodium Bromide Market Size To Reach $385.5 Million By 2030

Sodium Bromide Market Growth & Trends

The global sodium bromide market size is anticipated to reach USD 385.5 million by 2030 and is projected to grow at a CAGR of 5.6% during the forecast period, according to a new report by Grand View Research, Inc. Key growth factors include the expansion of the oil and gas sector, increasing water treatment demands driven by stringent regulations, and the continued use of sodium bromide in pharmaceuticals and flame retardants.

Sodium bromide prices across all grades reflect the interplay between industrial demand, regional production capabilities, and shifts in global market dynamics. The continued rise in prices, particularly for the medical and specialty grades, indicates increasing regulatory scrutiny and the need for higher purity standards, while the industrial grade price stabilizes with the gradual recovery of the oil and gas sector.

Overall, the landscape shows that while traditional producers like Israel and the U.S. have strengthened their positions through capacity expansion, emerging producers such as the UAE are gradually increasing their output to meet regional demand. Meanwhile, countries facing regulatory challenges, like India, are witnessing a decline, reflecting the evolving global production dynamics of sodium bromide.

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Sodium Bromide Market Report Highlights

• Asia Pacific dominated the market with a share of 45.7% in 2024 due to significant industrial growth, regulatory environment, and sector-specific demands. China remains the dominant consumer, with other countries showing varied patterns based on their unique economic and industrial contexts.

• In 2024, the industrial grade segment predominantly drives the market, which accounted for 80.8% of the total revenue due to its extensive use as a clear brine fluid in offshore drilling operations and effectiveness as a biocide in industrial water treatment.

• The Middle East market is on a strong growth path, led by oilfield services and supported by water treatment infrastructure and chemical industry diversification. The compound’s role as a strategic input across multiple sectors will ensure sustained consumption growth over the next two decades.

• The sodium bromide export market is shaped by regional industrial specialization, import reliance, and logistics accessibility. The United States and China lead in demand and scale, with China offering volume and the U.S. offering stability.

• In November 2023, Utico and Shandong Tianyi Chemical Co. launched a AED 160 million joint venture in Ras Al Khaimah to extract bromine-based chemicals, including sodium bromide, from desalination brine. As the first such project in the GCC, it promotes sustainability, supports UAE-China BRI cooperation, and enhances regional chemical production and environmental innovation.

Sodium Bromide Market Segmentation

Grand View Research has segmented the global sodium bromide market based on product, industrial application, and region:

Sodium Bromide Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Industrial

• Medical

• Others

Sodium Bromide Industrial Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Oil & Gas

• Water Treatment

• Chemical Industry

• Others

Sodium Bromide Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Russia

  • Azerbaijan

  • Czech Republic

• Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Thailand

  • Indonesia

  • Malaysia

  • Philippines

• Latin America

  • Brazil

  • Argentina

  • Colombia

  • Costa Rico

• Middle East & Africa

  • Saudi Arabia

  • UAE

  • Israel

  • South Africa

  • Nigeria

  • Egypt

  • Kenya

List of Key Players in the Sodium Bromide Market

• ICL

• Albemarle Corporation

• Shandong Tianxin Pharma-Tech Co., Ltd.

• LANXESS

• Merck KGaA

• Jordan Bromine Company

• Tosoh Corporation

• TETRA Technologies, Inc.

• Shandong Haiwang Chemical Co., Ltd.

• Shandong Tianyi Chemical Co., Ltd.