Sodium Bromide Market

By Type;

Solid and Solution

By Grade;

Medical Grade, Industrial Grade, Agriculture Grade, Cosmetic Grade, and Others

By Application;

Printing & Dyeing, Medicine, Cleaning & Furnishing Care Products, Disinfectants, Petroleum, Water Treatment Products, Personal Care, Photography, and Others

By End Use;

Oil & Gas, Pharmaceuticals, and Others

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn136782259 Published Date: August, 2025 Updated Date: September, 2025

Sodium Bromide Market Overview

Sodium Bromide Market (USD Million)

Sodium Bromide Market was valued at USD 30.65 million in the year 2024. The size of this market is expected to increase to USD 41.16 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.3%.


Sodium Bromide Market

*Market size in USD million

CAGR 4.3 %


Study Period2025 - 2031
Base Year2024
CAGR (%)4.3 %
Market Size (2024)USD 30.65 Million
Market Size (2031)USD 41.16 Million
Market ConcentrationHigh
Report Pages312
30.65
2024
41.16
2031

Major Players

  • Albemarle
  • LANXESS
  • Schlumberger
  • Tata Chemicals
  • TETRA Technologies

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Sodium Bromide Market

Fragmented - Highly competitive market without dominant players


The Sodium Bromide Market is gaining significant traction as industries increasingly rely on it for applications such as oil drilling fluids, chemical processing, and pharmaceuticals. Demand has expanded steadily, with more than 30% growth in usage driven by its role as a critical source of bromide ions. Its strong solubility and stability make it a preferred choice in sectors requiring effective chemical intermediates.

Key Drivers of Demand
A notable factor shaping the market is the rising use of clear brine fluids in drilling operations. Over 40% of sodium bromide demand now originates from this sector, ensuring its vital place in energy exploration. The compound also finds wide application in water treatment and photographic chemicals, further amplifying its industrial importance.

Technological Advancements
Continuous improvements in manufacturing processes and formulation efficiency are strengthening the market’s value. Approximately 45% of producers have adopted advanced technologies to enhance yield and reduce costs. These innovations are also improving product quality, leading to stronger adoption across multiple end-use sectors.

Opportunities for Growth
Rising investments in pharmaceutical research and specialty chemicals present considerable opportunities. Nearly 35% of new product development in this space involves sodium bromide due to its reactivity and versatility. Strategic collaborations among chemical producers are also expanding its reach, ensuring steady market evolution.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Grade

    3. Market Snapshot, By Application

    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. Sodium Bromide Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Pharmaceutical Industry Growth
        2. Oil and Gas
        3. Water Treatment Demand
        4. Chemical Synthesis Applications
      2. Restraints
        1. Environmental Regulations
        2. Raw Material Availability
        3. High Production Costs
        4. Market Competition
      3. Opportunities
        1. Emerging Markets Expansion
        2. Technological Innovations
        3. New Applications Development
        4. Strategic Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Sodium Bromide Market, By Type, 2021 - 2031 (USD Million)
      1. Solid
      2. Solution
    2. Sodium Bromide Market, By Grade, 2021 - 2031 (USD Million)
      1. Medical Grade
      2. Industrial Grade
      3. Agriculture Grade
      4. Cosmetic Grade
      5. Others
    3. Sodium Bromide Market, By Application, 2021 - 2031 (USD Million)
      1. Printing & Dyeing
      2. Medicine
      3. Cleaning & Furnishing Care Products
      4. Disinfectants
      5. Petroleum
      6. Water Treatment Products
      7. Personal Care
      8. Photography
      9. Others
    4. Sodium Bromide Market, By End Use, 2021 - 2031 (USD Million)
      1. Oil & gas
      2. Pharmaceuticals
      3. Others
    5. Sodium Bromide Market, By Geography 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Albemarle
      2. LANXESS
      3. Schlumberger
      4. Tata Chemicals
      5. TETRA Technologies
  7. Analyst Views
  8. Future Outlook of the Market