Product Code: ETC093403 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Bromine Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 13.05% in 2025, the market peaks at 14.04% in 2027, and settles at 13.44% by 2029.
The India Bromine Market in India is expected to grow significantly over the next few years, owing to increasing demand from various industries such as agrochemicals, pharmaceuticals, electronics and automotive sectors. Additionally, growing applications of bromine compounds in flame retardants and water treatment are further driving the growth of this market. Moreover, government initiatives towards encouraging technological advancements in chemical industry have also been providing impetus to the India bromine market.
Factors such as growing population coupled with rising disposable incomes has led to an increase in consumption of packaged foods containing preservatives that contain brominated ingredients like BHA and BHT etc has driven up demand for Bromines in India. Furthermore, stringent regulations regarding safety standards are leading manufacturers opt for flame retardant materials which has boosted usage of Bromines across various industrial verticals including electrical appliances and automobile parts manufacturing industry thereby bolstering its demand even more so.
High cost associated with transportation coupled with presence of local manufacturers offering cheaper alternatives represents two major challenge faced by leading players involved within India bromines Industry. Moreover availability limited raw material sources further add up pressure on overall pricing dynamics resulting into less profits earned per transaction hindering potential entry or expansion plans undertaken by new participants entering into this domain.
Some of the prominent players operating in India Bromine Market include Gujarat Fluorochemicals Ltd., Godavari Biorefineries Ltd., Tata Chemicals Limited (TCL), Hindustan Salts Limited (HSL), Nagarjuna Fertilizers & Chemicals Limited (NFCL) among others.