The global calcium bromide industry is expected to reach a market value of US$ 5.3 billion in 2022, with a projected compound annual growth rate (CAGR) of 5.2% over the next decade, reaching an estimated US$ 8.8 billion by 2032. This anticipated growth reflects the increasing demand for calcium bromide in various industrial applications, driven by factors such as expanding sectors like oil and gas, chemicals, and pharmaceuticals.
In the power sector, calcium bromide is also used as an oxidant to reduce mercury emissions. Additionally, calcium bromide is used in the treatment of neuroses, hydraulic fluids for automotive suspension, brominated flame retardants, dry plates and light-sensitive sheets for photography, as well as mercury emission controls.
Calcium bromide (molecular formula: CaBr2), having a density of 14.2 lbs/gal, is regarded as clear brine fluid. Calcium Bromide is utilized with calcium chloride in oil & gas completion & drilling operations to make the drill cuttings brine free. Calcium bromide is a white powder, odourless in nature, and is formed from calcium salt of hydrobromic acid, which a volatile acid used to formulate other industrial compounds.
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Calcium Bromide Industry Dynamics
Calcium bromide industry demand is heavily influenced by its application in the oil & gas industry. Stabilizing crude oil prices have resulted in an influx of investments in the oil & gas industry, driving drilling and production activities along with work-over operations. Clear brine fluids such as calcium bromide are used to minimize the damage to oil & gas reservoirs and to control formation pressure.
This has been creating a noteworthy demand for calcium bromide. Moreover, calcium bromide also find usage for restraining mercury emission at coal fired power plants. Elemental mercury which is released when the coal is burnt is difficult to capture at combustion temperatures. Hence, bromine based compounds such as calcium bromide are used to oxidize the elemental mercury into flue gas, which can be captured by current abetment equipment.
Formulation of strict government regulations encouraging the usage of halogenated flame retardants in EU countries, the U.S. and Canada, is expected to decrease the consumption of calcium bromide in flame retardants in these regions. However, Asian markets such as India and China, still witness high usage of brominated flame retardants owing to lenient regulations, which is anticipated to drive the demand of calcium bromide in these countries.
Calcium Bromide Industry Key Players
Some of the major participants operating in the global calcium bromide industry include the following players:
- Tetra Technologies Inc
- Albemarle Corporation
- Lanxess AG
- ICL- Industrial
- Jordan Bromine Company
- IRO GROUP INC.
- Weifang Taihexing Chemical Industry
- Neogen Chemicals Limited
- Shouguang HongHai Chemical Co. Ltd.
- Weifang Rixing Chemical Co., Ltd.
- Shandong Dongxin New Materials Technology Co., Ltd.
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Calcium Bromide Industry Segmentation
Type:
- 7774-34-7 hexahydrate
- 7789-41-5 anhydrous
- 22208-73-7 dihydrate
Products:
- Technically specified rubber (TSR)
- Ribbed smoked sheet (RSS)
- Latex
- Others
End Use:
- Oil & Gas
- Automotive
- Power Generation
- Others
Application:
- Clear brine fluid
- Oxidizer
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Middle East & Africa
- APEJ
- Japan
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