In 2023, the price trend of sodium bromide declined in the Asia Pacific, Europe, and North America regions. Weak demand from water treatment, pharmaceuticals, and drilling industries led to reduced imports and domestic production in Asia. In Europe, rising energy costs and low supply initially increased prices, but inquiries dropped, water treatment demand slowed, and inventories rose in the second quarter, causing a significant decline. Similarly, North America saw an initial increase but faced falling demand, lower purchasing power, imports from Asia, and economic uncertainties, leading to a negative price trend for sodium bromide throughout the first and second quarters.
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Definition
Sodium bromide (NaBr) is an inorganic salt with a white, crystalline appearance and high solubility in water. Sodium bromide is hygroscopic, meaning it readily absorbs moisture from the atmosphere. It is non-flammable and non-toxic. Sodium bromide salt is commonly used in applications, such as in the oil and gas industry as a completion and workover fluid, in photography, and in water treatment processes for the removal of mercury from industrial wastewater.
Key Details About the Sodium Bromide Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sodium Bromide in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sodium Bromide Price chart, including India Sodium Bromide price, USA Sodium Bromide price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sodium Bromide Price Trend:
The price trend of Sodium Bromide (NaBr) fluctuates based on its versatile industrial applications. In the oil and gas sector, Sodium Bromide is integral as a completion and workover fluid, controlling well pressure and averting blowouts. Photographers rely on it as a restrainer, guiding the development of photographic films. Water treatment facilities utilize Sodium Bromide to extract mercury from industrial wastewater. Additionally, pharmaceuticals incorporate Sodium Bromide into certain medications. Furthermore, Sodium Bromide serves as a precursor in the production of other bromine compounds, vital for chemical synthesis and
manufacturing processes. Analyzing the Sodium Bromide price index, one can observe its correlation with demand across these sectors, as depicted in Sodium Bromide price charts and graphs.
Key Players:
- Thermo Fischer Scientific
- Tata Chemicals Ltd
- Chemtura Corporation
- Alfa Aesar
- LANXESS
- ICL Industrial Products
- Shandong Haiwang Chemical Co Ltd
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