World - Iodine, Fluorine And Bromine - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact
Boosting Investments in Eco Battery Industry to Drive Global Bromine Market
IndexBox has just published a new report: 'World - Iodine, Fluorine And Bromine - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
Rapidly expanding manufacturing of zinc-bromine batteries, strong eco-friendly competitors for lithium counterparts, is to stimulate the growth of the global bromine market. Compared to lithium analogues, zinc-bromine batteries are more cost-effective and less flammable because they can function at high temperatures. Developers and producers of zinc-bromine battery components are actively fundraising last year thanks to the high market potential. Gelion launched an IPO on the London Stock Exchange, while Neogen Chemicals' stocks more than doubled in 2021.
Key Trends and Insights
Investors see opportunities in zinc-bromine battery manufacturing, which could drive an expansion in the global bromine market. Accumulators using a zinc-bromine gel have a competitive advantage over their lithium counterparts because of their lower production costs and initial investment to reach industrial capacity. They are less flammable and can be used at temperatures over +50'Ð¡, while at those temperatures, lithium batteries have a high risk of catching fire at those temperatures.
In 2021, developers and producers of zinc-bromine components successfully attracted investments thanks to growing interest in this new alternative source of storing energy. Gelion PLC, an Australian zinc-bromine gel developer, launched an IPO on the London Stock Exchange to expand its domestic capacity, create additional production facilities in India and become profitable by 2024. The share price for Neogen Chemicals Ltd, the largest Indian manufacturer of bromine-based and lithium-based compounds, doubled last year. The company's financial results showed a growth in revenues to Rs. 113.2 crore in Q2 FY22, 38% larger than the same period of the previous year.
Global Imports of Iodine, Fluorine and Bromine
In 2020, approx. 163K tonnes of iodine, fluorine and bromine were imported worldwide, picking up by 6.8% on the previous year. In value terms, iodine, fluorine and bromine imports rose remarkably to $1.5B (IndexBox estimates).
China was the major importer of iodine, fluorine and bromine globally, with the volume of imports amounting to 60K tonnes, which was approx. 37% of global purchases. Belgium (25K tonnes) ranks second with a 15% share, followed by India (8.3%) and France (4.8%). The UK (5.1K tonnes), the U.S. (5.1K tonnes), Norway (3.4K tonnes), Saudi Arabia (2.8K tonnes) and Canada (2.6K tonnes) followed a long way behind the leaders.
In value terms, China ($415M), Belgium ($212M) and the U.S. ($147M) constituted the countries with the highest levels of purchases in 2020, together comprising 51% of global imports.
The average iodine, fluorine and bromine import price stood at $9,252 per tonne in 2020, increasing by 4.4% against the previous year. The most notable increase in prices was attained by the U.S., while the other global leaders experienced more modest paces of growth during 2020.
Top Largest Suppliers of Iodine, Fluorine and Bromine
In 2020, Israel (62K tonnes) was the leading exporter of iodine, fluorine and bromine, committing 43% of total exports. It was distantly followed by Jordan (23K tonnes), Chile (20K tonnes), Belgium (14K tonnes), Japan (7.8K tonnes), the U.S. (7.5K tonnes) and India (6.9K tonnes), together comprising a 54% share of global supplies.
In value terms, Chile ($659M) remains the most significant supplier worldwide, comprising 44% of total exports. The second position in the ranking was occupied by Israel ($222M), with a 15% share of global supplies. It was followed by Belgium, with a 13% share.
Source: IndexBox Platform
This report provides an in-depth analysis of the global market for iodine, fluorine and bromine. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
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