Global
Sodium
Bromide Market is expected to
grow at a significant CAGR in the upcoming years as the scope and its
applications are increasing across the globe. An inorganic compound with the
formula NaBr is known as Sodium Bromide. It is thermally and chemically stable
and can be mixed with other solutions of bromides and chlorides. Sodium bromide
is made by adding excess bromine to sodium hydroxide solutions, which helps in
formation of bromide and bromine mixture. After mixture, the products are
evaporated to dry state and again treated with carbon to obtain bromide.

The
other chemical names of sodium bromide include Bromide salt of sodium;
Sedoneural; Bromnatrium; Trisodiumtribromide; and others. There are a wide
range of applications of sodium bromide. In municipal wastewater and industrial
wastewater treatment, sodium bromide is used to control bacterial, fungal and
algal slimes. In pharmaceutical industry, it is used as an anticonvulsant,
hypnotic, and sedative in medicine. It is used as a disinfectant in swimming
pool along with chloride.
The
factors that propel the growth of the Sodium Bromide Market include increasing
demand, rapid urbanization & industrialization, wide range of applications
and product development & technological innovations. This market is
classified on the basis of product type, grade type, applications, end user
industry, distribution channel and geography. The industry is segmented by
product type as solid, solution and others.
Sodium
Bromide Market is segmented by grade type as pharmaceutical grade, industrial
grade and others. The market is classified on applications as medicine,
chemical production and others. Sodium Bromide Industry is categorized by end
user industry as pharmaceutical industry, chemical industry, petroleum industry,
and others. This industry is segmented by distribution channel as online
stores, specialty stores and others. The market is classified on the basis of
geography as North America, Latin America, Western Europe, Eastern Europe, Asia
Pacific, Japan and Middle East and Africa.
The
North American region consists of the U.S., and Canada. Latin America region
consists of Mexico and Brazil. The Western European region consists of Germany,
Italy, France, England and Spain. The Eastern European region consists of
Poland and Russia. Asia Pacific region consists of China, India, ASEAN, and
Australia & New Zealand. The Middle East and African region consists of
GCC, South Africa and North Africa.
By
geography, Asia Pacific is projected to account a significant share in the
Sodium Bromide Market. The key factors that attribute to the growth of this
region include rising demand from emerging countries, increasing population and
rapid industrialization. Whereas, North America and Europe are followed by Asia
Pacific in the Sodium Bromide Industry.
Some
of the key players that fuel the growth of the Sodium Bromide Market include
American Elements, Alaska Spa, Fisher Chemical, Hasa, ModyChemi-Pharma, Redox
Pty Ltd, TETRA Chemicals, and others. The key players are focusing on inorganic
growth to sustain themselves amidst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
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