In the first half of 2023, the Asian Bromine market witnessed low oscillating and generally declining price trends, influenced by high inventory levels and weak demands from fire retardant and pesticide industries. Similarly, the European Bromine market experienced dull price sentiments due to low downstream demand, along with increased supplies from Asian markets at more competitive rates. The North American Bromine market had a slow start in Q1 with sufficient stocks supporting existing demands. However, as demand decreased and global sentiments turned bearish, prices declined further by the end of Q2.
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Definition
Bromine is a chemical element with the symbol “Br” and atomic number 35. It is a reddish-brown liquid at room temperature and is part of the halogen group in the periodic table. Bromine is a highly reactive element and is known for its strong oxidizing properties. It is commonly used in the manufacturing of flame retardants, agricultural chemicals, and pharmaceuticals. Additionally, bromine compounds are employed in various applications, including water treatment, oil and gas drilling, and photography.
Key Details About the Bromine Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Bromine in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Bromine Price chart, including India Bromine price, USA Bromine price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Bromine Price Trend:
Bromine has several key industrial uses across different sectors. One of its primary applications is in the production of flame retardants, where bromine compounds are added to materials to increase their fire resistance, making them safer in various products like electronics, textiles, and construction materials. Bromine is also used in the manufacturing of agricultural chemicals, such as pesticides and fumigants, to control pests and protect crops. Additionally, it finds use in the pharmaceutical industry to synthesize certain drugs, and in water treatment processes for disinfection and purification purposes.
Key Players:
- ICL Group Ltd
- Albemarle Corporation
- Lanxess AG
- Tosoh Corporation
- Tata Chemicals Ltd
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