Calcium Bromide Market Size will reach to 91,000 mt in 2024

    Calcium Bromide is one of bromine derivatives. It is inorganic calcium salt of hydrobromic acid. It is white powders and can dissolve in water at room temperature. It is widely used in oil field and mercury control additive. The most important application of calcium bromide is oil well completion and consume more than 80% production volume. It also can be blended with zinc bromide as oil well completion chemicals.

    Hydrobromic acid route is the only industrial production process of calcium bromide. The starting raw materials is hydrobromic acid and calcium oxide. The reaction equation is:

2HBr + CaO→CaBr₂ + H₂O
 

     Following are the manufacturing process and mass balance of Calcium Bromide:
    As a bromine derivatives, the price of calcium bromide also highly depend on bromine. Below are the bromine price figure from 2012 to Q3 2019. Due to bromide price rising, the price of calcium bromide also increase sharply from the end of 2017.

    There are 11 calcium bromide producers covered in the report. Israel Chemical Ltd. (ICL), Albemarle Corporation, Chemtura/LANXESS and TETRA Chemicals are the global leading producers. Israel, Jordan, Netherlands and US are the major producing countries of calcium bromide. Israel and Jordan is the top 2 exporting country of calcium bromide and account for more than 61% export market share in 2018.

    Global calcium bromide market size was estimated at 66,000 mt (solid) in 2018 and the market size will reach 91,000 mt in 2024, with a CAGR of 5.5%.