Potassium Bromide Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Potassium Bromide in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Potassium Bromide Price Trend for Q1 of 2024
Potassium Bromide is predominantly manufactured via raw materials, potassium hydroxide, and bromine, therefore its market price is closely tied to the performance of the latter.
Potassium Bromide Price Chart
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In the first quarter of 2024, the market for potassium bromide showed a downturn across several regions due to reduced demand from chemical, industrial, and pharmaceutical sectors. In Asia, notably China and India, there was a noticeable decrease in domestic prices from January through March, with market trends generally pointing downwards. This was influenced by geopolitical uncertainties affecting global trade.
Similarly, in Europe, the conflict between Russia and Ukraine disrupted trade, leading to decreased demand in the downstream sectors and causing prices to fluctuate and generally trend downwards due to adequate existing stock levels.
In North America, the market saw a sharp decline in prices at the beginning of the quarter, followed by a gradual stabilization towards the end as demands started to align better with supply, influenced by the variations in potassium hydroxide prices. The North American market thus ended the quarter with mixed sentiments, reflecting an initial slump but later showing signs of recovery as inventory moved and market dynamics began to improve.
Analyst Insight
According to Procurement Resource, Potassium Bromide prices are expected to continue wavering in a similar manner going forward; a sluggish market performance is expected.
Procurement Resource provides latest prices of Potassium Bromide. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Potassium bromide (KBr) is a chemical compound used extensively as a sedative and anticonvulsant in veterinary medicine. It is also employed in photographic processing, where it helps form images on films and plates. Additionally, potassium bromide is utilized in optical applications to enhance the properties of optical glass, and in fire retardants for improving the safety of plastics and textiles. In the laboratory, it serves as a reagent in chemical synthesis and as a calibration standard in spectroscopy.
Report Features | Details |
Product Name | Potassium Bromide |
Chemical Formula | KBr |
Industrial Uses | Photography, Pharmaceuticals, Fire Retardants, Optical Applications, Chemical Synthesis, Flame Spectroscopy, Drilling Fluids |
Molecular Weight | 119.00 g/mol |
CAS number | 7758-02- |
HS Code | 28275120 |
Supplier Database | Perekop Bromine, Nantong Guangrong, Weifang YuKai, Shandong Sinobrom Albemarle, Twin International, Shouguang Honghai, Dongying Bromate, Suzhou Yingke Biotechnology, Dongying Ruineng, Weifang Binhai Geruite |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The production begins with the chemical reaction between a hot potassium hydroxide solution and elemental bromine, which results in the formation of potassium bromide as the end product.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e., government agencies, external trade bodies, and industry publications).
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