Sodium Bromide Market Size will reach to 57,200 mt in 2024

     Sodium Bromide is one of bromine derivatives. It is inorganic sodium salt of hydrobromic acid. It is white crystalline solid at room temperature. It is widely used in water treatment, oil field, mercury control additive and photographic.

    There are two route for sodium bromide production: bromine route and hydrobromic acid route.

    The starting raw materials is bromine and sodium hydroxide solution. Bromine route can produce sodium bromide and sodium bromate. The reaction equation is:

6NaOH + 3Br₂→5NaBr + NaBrO₃ + 3H₂O

    The starting raw materials is hydrobromic acid and sodium hydroxide solution. The reaction product is sodium bromide. The reaction equation is:

HBr + NaOH→NaBr + H₂O

    Following are the simple manufacturing process of sodium bromide:

    The bromine is the most important raw material of sodium bromide, so the price of sodium bromide highly depend on bromine. Below are the bromine price figure from 2012 to Q3 2019. Due to bromide price rising, the price of sodium bromide also increase sharply from the end of 2017.

    There are 15 sodium bromide producers covered in the report. Israel Chemical Ltd. (ICL), Albemarle Corporation, Chemtura/LANXESS, TETRA Chemicals and PPC S.A.S. (Weylchem) are the global leading producers. Israel, China, Netherlands, US, Jordan, France and India are the major producing countries of sodium bromide. Israel, China, Netherlands and US is the top 4 exporting country of sodium bromide and account for nearly 60% export market share in 2018.

    Global sodium bromide market size was estimated at 41,000 mt (solid) in 2018 and the market size will reach 57,200 mt in 2024, with a CAGR of 5.7%.