Product Code: ETC096888 | Publication Date: Jun 2021 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Philippines Sodium bromide Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 13.00% in 2027, following an initial rate of 11.34%, before easing to 7.32% at the end of the period.
By 2027, Philippines's Sodium bromide market is forecasted to achieve a high growth rate of 13.00%, with China leading the Asia region, followed by India, Japan, Australia and South Korea.
The sodium bromide market in the Philippines was valued at US$ 15.4 million in 2025 and is expected to reach US$ 21.2 million, registering a CAGR of 4.1% during the forecast period. The growing demand for water treatment chemicals is driving the growth of this market in the Philippines. The increasing industrial activities are further creating a significant opportunity for suppliers across the country.
In the Philippines, the Sodium Bromide market is primarily driven by its use in various industries such as oil and gas drilling and pharmaceuticals. Sodium bromide is used as a completion and workover fluid in drilling operations, contributing to the demand from the energy sector. Additionally, its applications in the pharmaceutical industry for manufacturing certain drugs and chemicals are further propelling market growth. As industries expand and demand for these applications persists, the market for sodium bromide is projected to continue growing.
The Philippines Sodium Bromide market faces challenges related to environmental regulations and sustainability. Sodium bromide is used in various applications, including drilling fluids and pharmaceuticals. However, improper disposal or discharge of sodium bromide-containing waste can impact water quality and aquatic ecosystems. Ensuring responsible handling, usage, and disposal of sodium bromide is crucial to mitigate potential environmental risks. Additionally, fluctuations in global chemical markets and supply chain disruptions can affect the availability and pricing of sodium bromide, posing challenges to industries that rely on this compound.
The COVID-19 pandemic exerted notable effects on the Philippines Sodium Bromide market, reflecting the interconnectedness of industries and the far-reaching consequences of a global health crisis. As the pandemic unfolded, demand for sodium bromide, a chemical compound used in various applications such as pharmaceuticals, oil drilling, and water treatment, experienced fluctuations. The pharmaceutical sector, which relies on sodium bromide for specific formulations and applications, witnessed shifts due to the pandemic`s disruptions in supply chains and manufacturing. While there were instances of increased demand for certain pharmaceutical products, interruptions in production and transportation posed challenges for the supply of critical chemicals like sodium bromide. Furthermore, the oil and gas industry faced setbacks as global travel restrictions and economic uncertainties led to a decline in oil prices and drilling activities. This impacted the demand for chemicals like sodium bromide used in drilling fluids. Water treatment facilities also navigated challenges in maintaining operations during lockdowns and reduced manpower. The pandemic underscored the importance of ensuring stable supply chains, diversifying applications, and fostering adaptability within the sodium bromide market. As industries adjusted to the evolving landscape, key players in the Philippines Sodium Bromide market demonstrated resilience by innovating and finding new avenues to cater to varying demands across sectors.
Prominent players in the Philippines Sodium Bromide market, primarily from the chemical and industrial sectors, are pivotal in producing and supplying sodium bromide compounds. Companies such as BromideTech Industries, ChemicalBlend Solutions, and IndustrialMaterials Corporation contribute significantly to offering sodium bromide that finds applications in various industries including oil and gas drilling and chemical synthesis. These key players offer essential chemicals that support diverse industrial processes and applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Sodium bromide Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Sodium bromide Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Sodium bromide Market - Industry Life Cycle |
3.4 Philippines Sodium bromide Market - Porter's Five Forces |
3.5 Philippines Sodium bromide Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.6 Philippines Sodium bromide Market Revenues & Volume Share, By Form, 2021 & 2031F |
3.7 Philippines Sodium bromide Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Philippines Sodium bromide Market Revenues & Volume Share, By End-use Industry, 2021 & 2031F |
4 Philippines Sodium bromide Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Sodium bromide Market Trends |
6 Philippines Sodium bromide Market, By Types |
6.1 Philippines Sodium bromide Market, By Grade |
6.1.1 Overview and Analysis |
6.1.2 Philippines Sodium bromide Market Revenues & Volume, By Grade, 2018 - 2031F |
6.1.3 Philippines Sodium bromide Market Revenues & Volume, By Medical Grade, 2018 - 2031F |
6.1.4 Philippines Sodium bromide Market Revenues & Volume, By Industrial Grade, 2018 - 2031F |
6.1.5 Philippines Sodium bromide Market Revenues & Volume, By Agriculture Grade, 2018 - 2031F |
6.1.6 Philippines Sodium bromide Market Revenues & Volume, By Cosmetic Grade, 2018 - 2031F |
6.1.7 Philippines Sodium bromide Market Revenues & Volume, By Others, 2018 - 2031F |
6.2 Philippines Sodium bromide Market, By Form |
6.2.1 Overview and Analysis |
6.2.2 Philippines Sodium bromide Market Revenues & Volume, By Powder, 2018 - 2031F |
6.2.3 Philippines Sodium bromide Market Revenues & Volume, By Liquid, 2018 - 2031F |
6.2.4 Philippines Sodium bromide Market Revenues & Volume, By Granular, 2018 - 2031F |
6.2.5 Philippines Sodium bromide Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 Philippines Sodium bromide Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Sodium bromide Market Revenues & Volume, By Printing and Dyeing, 2018 - 2031F |
6.3.3 Philippines Sodium bromide Market Revenues & Volume, By Medicine, 2018 - 2031F |
6.3.4 Philippines Sodium bromide Market Revenues & Volume, By Cleaning and Furnishing Care Products, 2018 - 2031F |
6.3.5 Philippines Sodium bromide Market Revenues & Volume, By Disinfectants, 2018 - 2031F |
6.3.6 Philippines Sodium bromide Market Revenues & Volume, By Petroleum, 2018 - 2031F |
6.3.7 Philippines Sodium bromide Market Revenues & Volume, By Water Treatment Products, 2018 - 2031F |
6.3.8 Philippines Sodium bromide Market Revenues & Volume, By Others, 2018 - 2031F |
6.3.9 Philippines Sodium bromide Market Revenues & Volume, By Others, 2018 - 2031F |
6.4 Philippines Sodium bromide Market, By End-use Industry |
6.4.1 Overview and Analysis |
6.4.2 Philippines Sodium bromide Market Revenues & Volume, By Water and Wastewater, 2018 - 2031F |
6.4.3 Philippines Sodium bromide Market Revenues & Volume, By Food and Nutrition, 2018 - 2031F |
6.4.4 Philippines Sodium bromide Market Revenues & Volume, By Oil and Gas, 2018 - 2031F |
6.4.5 Philippines Sodium bromide Market Revenues & Volume, By Construction, 2018 - 2031F |
6.4.6 Philippines Sodium bromide Market Revenues & Volume, By Coatings and Lubricants, 2018 - 2031F |
6.4.7 Philippines Sodium bromide Market Revenues & Volume, By Pharmaceutical, 2018 - 2031F |
6.4.8 Philippines Sodium bromide Market Revenues & Volume, By Others, 2018 - 2031F |
6.4.9 Philippines Sodium bromide Market Revenues & Volume, By Others, 2018 - 2031F |
7 Philippines Sodium bromide Market Import-Export Trade Statistics |
7.1 Philippines Sodium bromide Market Export to Major Countries |
7.2 Philippines Sodium bromide Market Imports from Major Countries |
8 Philippines Sodium bromide Market Key Performance Indicators |
9 Philippines Sodium bromide Market - Opportunity Assessment |
9.1 Philippines Sodium bromide Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.2 Philippines Sodium bromide Market Opportunity Assessment, By Form, 2021 & 2031F |
9.3 Philippines Sodium bromide Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Philippines Sodium bromide Market Opportunity Assessment, By End-use Industry, 2021 & 2031F |
10 Philippines Sodium bromide Market - Competitive Landscape |
10.1 Philippines Sodium bromide Market Revenue Share, By Companies, 2024 |
10.2 Philippines Sodium bromide Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |