Sodium Bromide Market – Global Industry by Grade, Form, End-Use Industry, Region and Forecast (2024-2030)

Sodium Bromide Market size was valued at US$ 1.44 Bn. in 2023 and the total Sodium Bromide revenue is expected to grow at 5.1% through 2024 to 2030, reaching nearly US$ 2.04 Bn.
Sodium Bromide Market Overview:
Sodium Bromide is a white crystalline or granular powder with a sulfur dioxide odor. Because of its solubility, it does not exist as a normal solid; instead, it is removed from seawater together with halides. It is one of the most prevalent salts of hydrobromic acid and has the therapeutic effects of any bromide salt.

In the medical business, it is known as Sedonueral, and it was widely used as a sedative as well as a hypnotic medication in the treatment of epilepsy. Because of the bromide ion, potassium bromide is similarly efficient as sodium bromide. However, due to their toxicity, bromides were omitted from medications e.g. Bromo-Seltzer in the United States. In addition, sodium bromide is prescribed to treat seizures.

In this report, the Sodium Bromide market's growth reasons, as well as the market's many segments (Grade, Form, End-Use Industry, and Region), are discussed. Data has been given by market players, regions, and specific requirements. This market report includes a comprehensive overview of all the significant improvements that are presently prevailing in all market segments. Key data analysis is presented in the form of statistics, infographics, and presentations. The study discusses the Sodium Bromide market's Drivers, Restraints, Opportunities, and Challenges. The report helps to assess the market growth drivers and determines how to use these drivers as a tool. The report also helps to rectify and resolve issues related to the global Sodium Bromide market situation.To know about the Research Methodology :- Request Free Sample Report
Sodium Bromide Market Dynamics:
Sodium bromide is commonly utilized in organic synthesis to prepare other bromide chemicals. Sodium bromide is used as the origin of the bromide nucleophile in the Finkelstein reaction to transform alkyl chlorides into more aggressive alkyl bromide. When sodium bromide is treated with chloride alkyl, the result is alkyl bromide, with the byproduct salt sodium chloride. NaBr is also used to make the light-sensitive salt silver bromide.

Because of its great aqueous solubility, sodium bromide is commonly utilized in the oil industry to make heavy drilling fluid to counter probable columns applied stress. There is no need to be concerned about safety when taking sodium bromide due to its extremely low toxicity when taken orally. Bromide is a cumulative toxin with a rather long half-life (in humans, more than 6 days). Sodium bromide, on the other hand, is extremely unhealthy to individuals who follow a low-salt eating pattern.

Sodium bromide has several advantages, including the fact that it is non-flammable, thermodynamically, and chemically stable may be combined with other bromides and chlorides and is effective in calcium-sensitive forms. Moreover, sodium bromide is required when formation fluids include large quantities of sulfate or carbonate, which may be precipitated with the calcium ion. As a result of these advantages, the demand for sodium bromide is increasing in a variety of sectors.

Sodium bromide can be used as a raw ingredient in the creation of photographic film liquids, in the synthesis of urinary medicines and tranquilizers, as a brominating agent in printing and dyes, and in artificial perfumes and other compounds. As a result, the growth of sectors e.g. water treatment, medical, petroleum, and imaging is driving the NaBr market growth.
Sodium Bromide Market Segment Analysis:
By End-Use Industry, the pharmaceutical segment is expected to witness the fastest growth rate of 3.4% in the previously mentioned forecast period. This growth rate can be correlated with its low toxicity as well its widespread use in tranquilizers.

Sodium bromide is a halide anti-epileptic that is used in animal medicine to treat seizures. The mode of action of bromide antiepileptic drugs is hyperpolarization of the neurons by intracellular transport of bromide ions through chloride pathways. Bromide is given in the form of mixed potassium bromide or NaBr product. Bromide is not metabolized and is eliminated in the urine unaltered. Potassium bromide has been used successfully in veterinary science, reducing seizure frequency in 70% to 75% of epilepsy-affected dogs. Bromide is not advised for use in cats since it might cause possibly deadly pneumonitis.

The negative effects associated with bromide therapy are expected to hamper the growth of the pharmaceutical segment in the aforementioned forecast period. Neuropsychiatric impairments (sleepiness, restlessness or hyperactivity, ataxia), excessive urination, and vomiting are common side effects of bromide therapy, and bromide usage may be linked to the development of pancreatitis. Bromism refers to the harmful bromide level in blood. Bromism manifests clinically as abnormal mental activity, dizziness, and top or bottom motor neuron disease. Although there is no clear threshold value for blood bromide content at which bromism emerges, one research revealed serum concentrations of 3.8 mg/dl in dogs with bromism opposed to 1.8 mg/dl in normal dogs. However, some dogs with no clinical evidence of bromism had levels greater than 3.8 mg/dl, whereas others with clinical symptoms of bromism had relatively low levels.
Sodium Bromide Market Regional Insights:
Due to the huge customer base, the existence of emerging players, increasing industrial development, increased per capita earnings, and the availability of cheap manpower, APAC is expected to dominate the NaBr market at the end of the forecast period. the APAC region is also expected to have the quickest growth, owing to a dramatic rise in infrastructure as a consequence of a growing industrial base as a result of the area's shifting international manufacturing industry, as well as government efforts in countries e.g. China.

Bromides of sodium and potassium exports increased by 38.8 percent between 2018 and 2023, from $210 million to $285 million. Bromides of sodium and potassium account for 0.0015 percent of total global trade. In 2023, the main exporters of sodium and potassium bromides were Israel ($68 million), Jordan ($42 million), China ($32 million), the United States ($21 million), and Djibouti ($18 million).

The objective of the report is to present a comprehensive analysis of the Sodium Bromide market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Sodium Bromide market dynamics, structure by analyzing the market segments and projecting the Sodium Bromide market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Sodium Bromide market make the report investor’s guide.
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Global Sodium Bromide Market


Base Year
2023
Forecast Period
2024-2030


Historical Data
CAGR
Market Size in 2023 
Market Size in 2030


2018 to 2023
5.1%
US$ 1.44 Bn
US$ 2.04 Bn


Segments Covered


by Grade
1. Medical Grade
2. Industrial Grade
3. Agriculture Grade
4. Cosmetic Grade
5. Others
by Form
1. Powder
2. Liquid
3. Granular
4. Others
by End-Use Industry 
1. Food and Nutrition
2. Water and Wastewater
3. Oil & Gas Construction
4. Coatings and Lubricants
5. Pharmaceutical
6. Others


Regions Covered


North America
1. United States
2. Canada
3. Mexico
Europe
1. UK
2. France
3. Germany
4. Italy
5. Spain
6. Sweden
7. Austria
8. Rest of Europe
Asia Pacific
1. China
2. S Korea
3. Japan
4. India
5. Australia
6. Indonesia
7. Malaysia
8. Vietnam
9. Taiwan
10. Bangladesh
11. Pakistan
12. Rest of APAC
Middle East and Africa
1. South Africa
2. GCC
3. Egypt
4. Nigeria
5. Rest of ME&A
South America
1. Brazil
2. Argentina
3. Rest of South America



Sodium Bromide Market Key Players
1. TETRA Technologies
2. Thermo Fisher Scientific
3. Tata Chemicals Ltd.
4. Jordan Bromine Company Ltd.
5. Chemtura Corporation
6. Alfa Aesar
7. Albemarle Corporation
8. LANXESS
9. Schlumberger
10. ICL Industrial Products
11. Shanddong Haiwang Chemical Co. Ltd.
12. Djibouti Salt Industry Co Ltd.
13. Mody Chemi-Pharma
14. Hasa

1. Which is the potential market for Sodium Bromide in terms of the region?
Ans. APAC is expected to dominate the NaBr market at the end of the forecast period

2. What are the opportunities for new market entrants?
Ans. Sodium bromide can be used as a raw ingredient in the creation of photographic film liquids.

3. What is expected to drive the growth of the Sodium Bromide market in the forecast period?
Ans. Because of its great aqueous solubility, sodium bromide is commonly utilized in the oil industry

4. What is the projected market size & growth rate of the Sodium Bromide Market?
Ans. Sodium Bromide Market size was valued at US$ 1.44 Bn. in 2023 and the total Sodium Bromide revenue is expected to grow at 5.1% through 2024 to 2030, reaching nearly US$ 2.04 Bn.

5. What segments are covered in the Sodium Bromide Market report?
Ans. The segments covered are Grade, Form, End-Use Industry and Region.