The global calcium bromide market is poised for significant growth, with anticipated demand reaching USD 5.3 Billion in 2022 and projected to expand at a robust CAGR of 5.2% over the forecast period from 2022 to 2032, ultimately reaching a valuation of USD 8.8 Billion. This surge in demand can be attributed to various industries leveraging calcium bromide for diverse applications, indicating a promising trajectory for the market in the coming decade. Factors such as increased industrial activities and expanding applications across different sectors are expected to fuel the market’s steady ascent, presenting lucrative opportunities for stakeholders in the calcium bromide industry.
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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The Calcium Bromide market is experiencing growth driven by several key factors, including:
1. Demand in Oil and Gas Industry
- Drilling Fluids: Calcium bromide is widely used in the oil and gas sector as a component in drilling and completion fluids. Its high-density and brine properties make it effective in preventing blowouts and maintaining wellbore stability.
- Hydraulic Fracturing: Growing exploration and production activities, especially in offshore and unconventional resources, boost the demand for calcium bromide.
2. Applications in Water Treatment
- Industrial Water Treatment: Calcium bromide is utilized as a biocide in cooling towers, desalination plants, and other industrial water systems.
- Disinfection: Increasing focus on water quality management and stringent regulations drive its usage.
3. Growth in the Pharmaceutical Sector
- Sedatives and Anticonvulsants: Calcium bromide is used in the production of medications, especially for its sedative properties. The expanding pharmaceutical market supports its demand.
4. Rising Use in Chemical Manufacturing
- Brominated Compounds: It serves as a raw material in the production of other brominated compounds used in flame retardants, agrochemicals, and specialty chemicals.
Calcium Bromide: Market Key Players
Some of the major participants operating in the global calcium bromide market 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.
Calcium Bromide Market: 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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