Global Sodium Bromide Market 2024-2028
The sodium bromide market is forecasted to grow by USD 562.3 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the sodium bromide market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of oil and gas industry, increased demand for sodium bromide from developing countries, and rise in demand of sodium bromide in pharmaceutical industry.
Technavio's sodium bromide market is segmented as below:
By Application
- Oil and gas
- Pharmaceuticals
- Others
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the stringent mercury emission control as one of the prime reasons driving the sodium bromide market growth during the next few years. Also, increasing offshore drilling and increasing demand for water treatment chemicals will lead to sizable demand in the market.
The report on the sodium bromide market covers the following areas:
- Sodium bromide market sizing
- Sodium bromide market forecast
- Sodium bromide market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading sodium bromide market vendors that include 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 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.. Also, the sodium bromide market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.