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
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.
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| Sodium Bromide |
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.
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.
Market Segment:
Geographically, this report is segmented
into several key Regions, with production, consumption, revenue (million USD),
market share and growth rate of Sodium Bromide in these regions, from 2012 to
2022 (forecast), covering
•
North America
•
Europe
•
China
•
Japan
•
Southeast Asia
•
India
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