The market demand for sodium bromide maintains rapid growth and the industry has large profit margins

Sodium bromide, with the chemical formula NaBr, is an inorganic compound that appears as colorless cubic crystals or white granular powder. It tastes salty and slightly bitter, is easily soluble in water, and easily absorbs moisture in the air. Clumping.

Sodium bromide is widely used in printing and dyeing, photosensitivity, spices, medicine, pesticides and other fields. In the printing and dyeing industry, sodium bromide can be used to make brominating agents; in the photosensitive industry, it is mainly used to prepare film photosensitive fluids; in the pharmaceutical field, sodium bromide can be used to make diuretics, sedatives and other drugs to treat neurological insomnia, Diseases such as neurasthenia. In addition, sodium bromide can also be used in the production of brominated salts, brominated alkanes, brominated flame retardants and other chemicals.

According to the “Sodium Bromide Industry Market In-depth Research and Investment Prospects Forecast Analysis Report 2023-2027” released by the Industrial Research Center, From the demand side, as my country’s economy continues to develop and the scale of chemical, pharmaceutical and other industries continues to expand, the market demand for sodium bromide maintains a rapid growth trend, and the industry has a broad consumer market. In 2022, my country’s demand for sodium bromide will be approximately 53,000 tons. From the supply side, my country’s sodium bromide industry has developed over a period of time. The number of production companies has continued to increase, the production scale has continued to expand, production technology has continued to advance, and output has continued to grow driven by downstream market demand. my country’s sodium bromide production will be approximately 30,000 tons in 2022, a year-on-year increase of approximately 13%.

There are three main sodium bromide production processes: neutralization method, urea reduction method and ion exchange method. Among them, the neutralization method mainly uses sodium carbonate or sodium hydroxide to react with hydrobromic acid to obtain sodium bromide through acid-base neutralization; the urea reduction method mainly uses urea, sodium oxalate and other reducing agents to perform a reduction reaction with bromine to obtain bromide. sodium.

With the continuous development of the downstream market, my country’s sodium bromide market has maintained a rapid growth trend. my country’s sodium bromide market size will be approximately 2.8 billion yuan in 2022, a year-on-year increase of approximately 140% in 2021. Affected by the rapid growth of market demand and insufficient market supply, the average market price of sodium bromide has shown an upward trend in recent years, rising from about 15,000 yuan/ton in 2020 to about 53,000 yuan/ton in 2022. The industry has a large Profit margins.

At present, there are only a small number of domestic sodium bromide enterprises above designated size. Most of them are small in scale and have insufficient production capacity. Product quality and stability cannot be guaranteed, which affects the healthy and orderly development of the industry to a certain extent. Domestic sodium bromide production companies mainly include Shandong Neptune Chemical Co., Ltd., Weifang Qiangyuan Chemical Co., Ltd., Anqing Changhong Chemical Co., Ltd., Jiangsu Ward Chemical Co., Ltd., etc.

Industry analysts said that with the continuous enhancement of national health awareness and the deepening of the aging of society, the pharmaceutical field has an increasing interest in the sodium bromide market. The demand will continue to grow, coupled with the continuous development of chemical industry, new energy and other industries, the application fields of sodium bromide will continue to expand, and the industry prosperity will be good. As market competition continues to intensify and social awareness of environmental protection continues to increase, domestic sodium bromide production companies need to improve production technology, increase investment in environmental protection, and push the industry to develop in a sustainable and high-quality direction.