Product Code: ETC093407 | Publication Date: Jul 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Indonesia Bromine Market is poised for steady growth rate improvements from 2025 to 2029. From 8.31% in 2025, the growth rate steadily ascends to 11.63% in 2029.
The Bromine market in Indonesia is projected to grow at a growing growth rate of 9.73% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
Indonesia is the third-largest consumer of bromine compounds in Asia Pacific, and its demand for these substances has been growing steadily over the past few years. Bromine is used in a wide range of applications such as flame retardants, pharmaceuticals, agricultural chemicals, water treatment chemicals and others. Indonesia bromine market has witnessed positive growth due to increase in demand from downstream industries coupled with rising production capacities across the country.
The Indonesia bromine market is witnessing a steady growth owing to increasing usage of brominated flame retardants (BFR) derived products across major end user markets such as electronics & electrical manufacturing industry and automotive sector. The BFR consumption volume increased significantly during 2018-2025 period due to stringent fire safety regulations imposed by government bodies including Department Of Occupational Safety And Health (DOSH), Malaysia Fire And Rescue Department (JKRM) etc., which encouraged manufacturers to use high quality BFR based raw materials for their product development processes. In addition, rising environmental concerns coupled with introduction of green initiatives like Green Chemistry Network have further boosted the utilization rate of environmentally friendly halogen free alternatives instead of traditional chlorinating agents or solvents, thus driving up the overall sales revenue from halogenated specialty chemicals across Indonesia region.
The key factors driving growth in Indonesia bromide market include rise in disposable incomes leading to an increase in consumer spending power; flourishing construction industry driven by rapid urbanization; increasing stringency on global emission norms along with surge in investments towards research & development activities related to new application areas for these compounds; emergence of advanced technologies like 3D printing providing impetus towards expandable product portfolios & improved process efficiencies along with cost effectiveness benefits associated with it; greater focus on ecofriendly solutions supported by certain government incentives & tax exemptions leading companies into adopting greener chemistries for their product formulations etc.. All these factors are expected to offer substantial opportunities for players operating within this business space over coming years thereby catapulting revenues generated through sale of various kinds associated chemical derivatives manufactured using brines as feedstock material source throughout Indonesia region.
The COVID-19 outbreak has caused disruption across several sectors including that involving trade related commercial activities given implementation restrictions put forth globally resulting outbursts pandemic situation worldwide beginning 2025 year onwards. This highly contagious disease posed great challenge upon supply chain networks since factory shutdowns wereThe bromine market in Indonesia has been adversely affected by the COVID-19 outbreak. The demand for bromine products has declined significantly due to the lockdown and social distancing measures implemented by the government to contain the spread of virus. Moreover, restriction imposed on transportation activities have hampered the supply chain of bromine in Indonesia. Further, disruption in production activities has led to a shortage of raw materials needed for production of final products such as specialty chemicals and pharmaceuticals which use Bromine as one of its components, thereby affecting overall demand for Bromine in Indonesia.
The major challenge faced by producers operating in Indonesia Bromine market is high cost associated with obtaining licenses from regulatory authorities and meeting environmental regulations set up by local governments while manufacturing these products. Furthermore, lack of access to sufficient resources such as trained workers with technical knowledge hampers growth prospects of players operating within this market space. Also, volatile prices of raw materials owing to fluctuating currency exchange rates makes it difficult for companies producing these two maintain profitability levels over long term periods.
Some prominent players who are actively involved within Indonesia Bromine markets include Albemarle Corporation (US), Honeywell International Inc.(US), ICL Industrial Products (Israel), Novyi Vek LLC (Russia), Tosoh Corporation (Japan), Jordan Bromide Company Ltd.(Jordan). These companies competing against each other through various strategies such as merger & acquisitions, product launches and expansions etc.,in order expand their presence across multiple regions globally.