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USD 701.05 million growth in Sodium Bromide Market | 51% of the market growth to originate from APAC | 17,000+ Technavio Reports

Technavio (PRNewsfoto/Technavio)

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Technavio

Mar 31, 2022, 11:30 ET

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NEW YORK, March 31, 2022 /PRNewswire/ -- The sodium bromide market potential growth difference will reach up to USD 701.05 million, as per the latest market analysis report by Technavio. The report also identifies the market to witness an accelerating growth momentum at a CAGR of 5.47% from 2021 to 2026. The growth of the oil and gas industry is notably driving the sodium bromide market growth, although factors such as fluctuation in crude oil prices may impede market growth. 

For more insights on the YOY and CAGR growth rate, Read our FREE Sample Report 

Technavio has announced its latest market research report titled Sodium Bromide Market by Application and Geography - Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Sodium Bromide Market by Application and Geography - Forecast and Analysis 2022-2026

Sodium Bromide Market Segment Analysis

The sodium bromide market is segmented by application (Oil and gas, Pharmaceuticals, and Others) and geography (APAC, North America, Europe, Middle East and Africa, and South America). 

  • The oil and gas segment held a significant share of the market during the forecast period. High crude oil production in countries such as the US will drive the demand for sodium bromide, which will support the market growth through this segment in the coming years.
  • 51% of the market's growth will originate from APAC during the forecast period. China, India, and Russia are the key markets for sodium bromide in APAC. The significant increase in the consumption of sodium bromide owing to the rise in crude oil extraction will facilitate the sodium bromide market growth in APAC over the forecast period.

View Report Outlook for More Insights on the Key Segments Analysis

Sodium Bromide Market Scope

Technavio categorizes the global sodium bromide market as a part of the global specialty chemicals market. Our report provides extensive information on the value chain analysis for the sodium bromide market, which vendors can leverage to gain a competitive advantage during the forecast period.

The sodium bromide market covers the following areas:

Sodium Bromide Market Sizing
Sodium Bromide Market Forecast
Sodium Bromide Market Analysis

Companies Mentioned

The sodium bromide market is fragmented and the vendors are deploying growth strategies such as strategic partnerships and joint ventures with small and medium enterprises to compete in the market. Albemarle Corp. offers sodium bromide which is used as a solid or dissolved into a solution for the manufacturing of various chemicals such as photographic chemicals and pharmaceutical intermediates, and for other applications such as clear completion fluids. In January 2022, the company announced the agreement signed with 6K to explore the patent uniMelt advance sustainable materials production platform for developing novel lithium battery materials through potentially disruptive manufacturing processes. 

  • Albemarle Corp.
  • Alpha Chemika
  • American Elements
  • Anmol Chemicals Group
  • Anron Chemicals Co.
  • Cowin Industry Ltd Shandong Hirch Chemical Co Ltd
  • LANXESS AG
  • Nilkanth Organics
  • Perekop bromine
  • Redox Pty Ltd.
  • Schlumberger Ltd.
  • Tata Sons Pvt. Ltd.
  • TETRA Technologies Inc.
  • Thermo Fisher Scientific Inc.
  • Tokyo Chemical Industry Co. Ltd.
  • WEIFANG HONGYUAN CHEM
  • Weifang Qiangyuan Chemical Industry Co Ltd
  • Weifang Taihexing Chemical Industry Co Ltd
  • Windia Chemicals P Ltd
  • Yogi Intermediates Pvt. Ltd.

Related Reports:

Sodium Sulfate Market by Product, Application, and Geography - Forecast and Analysis 2022-2026

Sodium Naphthalene Sulphonate Formaldehyde Market by Form and Geography - Forecast and Analysis 2022-2026

Sodium Bromide Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.47%

Market growth 2022-2026

$ 701.05 million

Market structure

Fragmented

YoY growth (%)

4.9

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 51%

Key consumer countries

US, Saudi Arabia, China, India, Norway, and Russia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Albemarle Corp., Alpha Chemika, American Elements, Anmol Chemicals Group, Anron Chemicals Co., Cowin Industry Ltd Shandong Hirch Chemical Co Ltd, LANXESS AG, Nilkanth Organics, Perekop bromine, Redox Pty Ltd., Schlumberger Ltd., Tata Sons Pvt. Ltd., TETRA Technologies Inc., Thermo Fisher Scientific Inc., Tokyo Chemical Industry Co. Ltd., WEIFANG HONGYUAN CHEM, Weifang Qiangyuan Chemical Industry Co Ltd, Weifang Taihexing Chemical Industry Co Ltd, Windia Chemicals P Ltd, and Yogi Intermediates Pvt. Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Oil and gas - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Oil and gas - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Oil and gas - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Oil and gas - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Oil and gas - Year-over-year growth 2021-2026 (%)
  • 5.4 Pharmaceuticals - Market size and forecast 2021-2026
    • Exhibit 32: Chart on Pharmaceuticals - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Pharmaceuticals - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Pharmaceuticals - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Pharmaceuticals - Year-over-year growth 2021-2026 (%)
  • 5.5 Others - Market size and forecast 2021-2026
    • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
    • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
    • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
  • 5.6 Market opportunity by Application
    • Exhibit 40: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 44: Chart on Geographic comparison
    • Exhibit 45: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 North America - Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.5 Europe - Market size and forecast 2021-2026
    • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.7 South America - Market size and forecast 2021-2026
    • Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.8 China - Market size and forecast 2021-2026
    • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.9 US - Market size and forecast 2021-2026
    • Exhibit 70: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.10 India - Market size and forecast 2021-2026
    • Exhibit 74: Chart on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on India - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on India - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on India - Year-over-year growth 2021-2026 (%)
  • 7.11 Saudi Arabia - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Saudi Arabia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Saudi Arabia - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Saudi Arabia - Year-over-year growth 2021-2026 (%)
  • 7.12 Norway - Market size and forecast 2021-2026
    • Exhibit 82: Chart on Norway - Market size and forecast 2021-2026 ($ million)
    • Exhibit 83: Data Table on Norway - Market size and forecast 2021-2026 ($ million)
    • Exhibit 84: Chart on Norway - Year-over-year growth 2021-2026 (%)
    • Exhibit 85: Data Table on Norway - Year-over-year growth 2021-2026 (%)
  • 7.13 Russia - Market size and forecast 2021-2026
    • Exhibit 86: Chart on Russia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 87: Data Table on Russia - Market size and forecast 2021-2026 ($ million)
    • Exhibit 88: Chart on Russia - Year-over-year growth 2021-2026 (%)
    • Exhibit 89: Data Table on Russia - Year-over-year growth 2021-2026 (%)
  • 7.14 Market opportunity by geography
    • Exhibit 90: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 93: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 94: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 95: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 96: Matrix on vendor position and classification
  • 10.3 Albemarle Corp.
    • Exhibit 97: Albemarle Corp. - Overview
    • Exhibit 98: Albemarle Corp. - Business segments
    • Exhibit 99: Albemarle Corp. - Key news
    • Exhibit 100: Albemarle Corp. - Key offerings
    • Exhibit 101: Albemarle Corp. - Segment focus
  • 10.4 American Elements
    • Exhibit 102: American Elements - Overview
    • Exhibit 103: American Elements - Product / Service
    • Exhibit 104: American Elements - Key offerings
  • 10.5 Cowin Industry Ltd Shandong Hirch Chemical Co Ltd
    • Exhibit 105: Cowin Industry Ltd Shandong Hirch Chemical Co Ltd - Overview
    • Exhibit 106: Cowin Industry Ltd Shandong Hirch Chemical Co Ltd - Product / Service
    • Exhibit 107: Cowin Industry Ltd Shandong Hirch Chemical Co Ltd - Key offerings
  • 10.6 LANXESS AG
    • Exhibit 108: LANXESS AG - Overview
    • Exhibit 109: LANXESS AG - Business segments
    • Exhibit 110: LANXESS AG - Key offerings
    • Exhibit 111: LANXESS AG - Segment focus
  • 10.7 Redox Pty Ltd.
    • Exhibit 112: Redox Pty Ltd. - Overview
    • Exhibit 113: Redox Pty Ltd. - Product / Service
    • Exhibit 114: Redox Pty Ltd. - Key offerings
  • 10.8 Schlumberger Ltd.
    • Exhibit 115: Schlumberger Ltd. - Overview
    • Exhibit 116: Schlumberger Ltd. - Business segments
    • Exhibit 117: Schlumberger Ltd. - Key offerings
    • Exhibit 118: Schlumberger Ltd. - Segment focus
  • 10.9 Tata Sons Pvt. Ltd.
    • Exhibit 119: Tata Sons Pvt. Ltd. - Overview
    • Exhibit 120: Tata Sons Pvt. Ltd. - Business segments
    • Exhibit 121: Tata Sons Pvt. Ltd. - Key offerings
    • Exhibit 122: Tata Sons Pvt. Ltd. - Segment focus
  • 10.10 TETRA Technologies Inc.
    • Exhibit 123: TETRA Technologies Inc. - Overview
    • Exhibit 124: TETRA Technologies Inc. - Business segments
    • Exhibit 125: TETRA Technologies Inc. - Key offerings
    • Exhibit 126: TETRA Technologies Inc. - Segment focus
  • 10.11 Thermo Fisher Scientific Inc.
    • Exhibit 127: Thermo Fisher Scientific Inc. - Overview
    • Exhibit 128: Thermo Fisher Scientific Inc. - Business segments
    • Exhibit 129: Thermo Fisher Scientific Inc. - Key news
    • Exhibit 130: Thermo Fisher Scientific Inc. - Key offerings
    • Exhibit 131: Thermo Fisher Scientific Inc. - Segment focus
  • 10.12 Tokyo Chemical Industry Co. Ltd.
    • Exhibit 132: Tokyo Chemical Industry Co. Ltd. - Overview
    • Exhibit 133: Tokyo Chemical Industry Co. Ltd. - Product / Service
    • Exhibit 134: Tokyo Chemical Industry Co. Ltd. - Key offerings

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 135: Inclusions checklist
    • Exhibit 136: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 137: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 138: Research methodology
    • Exhibit 139: Validation techniques employed for market sizing
    • Exhibit 140: Information sources
  • 11.5 List of abbreviations
    • Exhibit 141: List of abbreviations
  • chemicals o

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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