The Global Magnesium Bromide Market was valued at USD 289.5 Million in 2023 and is projected to reach USD 428.7 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2023–2030). This expansion is primarily fueled by increasing demand from the pharmaceutical industry, widespread applications in organic synthesis as a catalyst, and its critical role in oil and gas drilling fluids.

The USA market for Global Magnesium Bromide market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The China market for Global Magnesium Bromide market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

The Europe market for Global Magnesium Bromide market is estimated to increase from USD million in 2023 to reach USD million by 2030, at a CAGR during the forecast period of 2023 through 2030.

As the chemical industry evolves with stringent environmental regulations and a push for high-performance materials, the focus intensifies on the key producers who are driving quality, innovation, and supply chain stability. This blog profiles the Top 10 Companies in the Magnesium Bromide Industry—a diverse mix of global chemical giants and specialized manufacturers shaping the market’s trajectory.

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🔟 1. Albemarle Corporation

Headquarters: Charlotte, North Carolina, USA
Key Offering: High-Purity Magnesium Bromide, Bromine Derivatives

Albemarle is a global leader in specialty chemicals, including a comprehensive portfolio of bromine and bromine-based compounds. As one of the world’s largest bromine producers, its magnesium bromide is known for exceptional purity, serving demanding sectors like pharmaceuticals and fine chemicals.

Innovation and Sustainability Initiatives:

• Investment in advanced bromine extraction and refining technologies
• Sustainable manufacturing processes with a focus on reducing environmental footprint
• Strategic R&D focused on new applications for bromine compounds

Download FREE Sample Report: Magnesium Bromide Market – View in Detailed Research Report

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9️⃣ 2. ICL Industrial Products (ICL-IP)

Headquarters: Beer Sheva, Israel
Key Offering: Magnesium Bromide Hexahydrate, Elemental Bromine

ICL-IP is a major force in the bromine market, extracting high-quality bromine and its compounds from the Dead Sea. Their magnesium bromide products are essential for flame retardants, drilling fluids, and as intermediates in chemical synthesis.

Innovation and Sustainability Initiatives:

• Integration of bromine production from unique Dead Sea resources
• Development of eco-friendly flame retardant solutions
• Commitment to circular economy principles in chemical manufacturing

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8️⃣ 3. Jordan Bromine Company (JBC)

Headquarters: Amman, Jordan
Key Offering: Magnesium Bromide, Tetrabromobisphenol-A (TBBPA), Bromochloromethane

Jordan Bromine Company, a joint venture between Albemarle and the Arab Potash Company, is a key bromine and derivative producer in the Middle East. It supplies high-quality magnesium bromide to regional and international markets, particularly for oilfield and industrial applications.

Innovation and Sustainability Initiatives:

• Expansion of bromine derivative production capacity
• Focus on supplying the growing oil & gas sector in the Middle East
• Adoption of energy-efficient production methods

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7️⃣ 4. Lanxess AG (formerly Chemtura)

Headquarters: Cologne, Germany
Key Offering: Specialty Bromine Compounds, Magnesium Bromide

Following the acquisition of Chemtura, Lanxess has strengthened its position as a leading supplier of bromine-based specialty chemicals. The company provides high-purity magnesium bromide for use in pharmaceuticals, agrochemicals, and as a catalyst.

Innovation and Sustainability Initiatives:

• Strong R&D focus on high-value bromine applications
• Implementation of sustainable and safe chemical production standards
• Global supply chain optimization for consistent product availability

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6️⃣ 5. TETRA Technologies, Inc. (Great Lakes Solutions legacy business)

Headquarters: The Woodlands, Texas, USA
Key Offering: Calcium Bromide, Zinc Bromide, Magnesium Bromide for Oilfield Fluids

TETRA Technologies is a prominent provider of clear brine fluids for the oil and gas industry. Their bromide-based fluids, including magnesium bromide blends, are critical for high-pressure, high-temperature well completion and workover operations.

Innovation and Sustainability Initiatives:

• Development of high-density brine formulations for challenging well conditions
• Focus on recycling and reclamation services for drilling fluids
• Commitment to providing environmentally responsible well intervention solutions

Download FREE Sample Report: Magnesium Bromide Market – View in Detailed Research Report

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5️⃣ 6. American Elements

Headquarters: Los Angeles, California, USA
Key Offering: Ultra High Purity Magnesium Bromide, Nanoscale Magnesium Bromide

American Elements specializes in manufacturing advanced materials, including high-purity (99.999%) and nanoscale magnesium bromide. The company serves cutting-edge research institutions, pharmaceutical developers, and the electronics industry with custom material solutions.

Innovation and Sustainability Initiatives:

• Production of research-grade and commercial-scale high-purity materials
• Development of nanoscale and specialty material forms
• Custom synthesis services for specific R&D and industrial requirements

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4️⃣ 7. Honjo Chemical Corporation

Headquarters: Osaka, Japan
Key Offering: Magnesium Bromide, Pharmaceutical Intermediates, Fine Chemicals

Honjo Chemical is a leading Japanese manufacturer of fine chemicals and pharmaceutical intermediates. The company produces high-quality magnesium bromide that meets stringent pharmacopeia standards for use in drug synthesis and other precision applications.

Innovation and Sustainability Initiatives:

• Focus on cGMP manufacturing for pharmaceutical customers
• Strong quality control systems ensuring batch-to-batch consistency
• Development of proprietary synthesis routes for complex brominated compounds

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3️⃣ 8. Chemetall GmbH (BASF Surface Treatment)

Headquarters: Frankfurt, Germany
Key Offering: Specialty Chemicals, Metal Finishing Compounds, Magnesium Bromide

As part of BASF’s surface treatment division, Chemetall offers a wide range of specialty chemicals. Their expertise includes bromine compounds like magnesium bromide used in specific industrial processes and as a component in functional fluids.

Innovation and Sustainability Initiatives:

• Integration into BASF’s global R&D network for chemical innovation
• Focus on developing sustainable surface treatment technologies
• Global distribution network ensuring reliable supply

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2️⃣ 9. Shandong Haiwang Chemical Co., Ltd.

Headquarters: Weifang, Shandong, China
Key Offering: Industrial Grade Magnesium Bromide, Bromine Salts

Shandong Haiwang Chemical is a significant Chinese producer of bromine and its derivatives. The company supplies cost-effective magnesium bromide primarily for industrial applications, including as a catalyst and in water treatment processes.

Innovation and Sustainability Initiatives:

• Scaling production capacity to meet growing domestic and international demand
• Optimization of production costs for competitive pricing
• Expansion into higher-value bromine derivatives

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1️⃣ 10. Morre-TEC Industries, Inc.

Headquarters: South Plainfield, New Jersey, USA
Key Offering: Custom Bromination Services, Magnesium Bromide

Morre-TEC specializes in custom bromination and the manufacture of brominated compounds. The company provides magnesium bromide and related products for specialty chemical, pharmaceutical, and research applications, often on a custom or toll manufacturing basis.

Innovation and Sustainability Initiatives:

• Expertise in custom synthesis and contract manufacturing
• Flexible production capabilities for small to medium batch sizes
• Strong focus on customer-specific technical requirements

Get Full Report Here: Magnesium Bromide Market – View in Detailed Research Report

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🧪 Outlook: The Future of Magnesium Bromide Is Diversified and High-Value

The magnesium bromide market is experiencing a strategic evolution. While traditional applications in oilfield fluids and organic synthesis remain vital, the industry is increasingly exploringhigh-value opportunities in pharmaceuticals, electronics, and advanced materials.

📈 Key Trends Shaping the Market:

• Growing demand for high-purity magnesium bromide in pharmaceutical API synthesis
• Increasing use as a Lewis acid catalyst in green chemistry applications
• Expansion of bromide-based clear brine fluids in deepwater and unconventional oil & gas drilling
• Stringent environmental regulations driving innovation in bromine production and handling

Get Full Report Here: Magnesium Bromide Market – View in Detailed Research Report

The companies profiled above are not just supplying a chemical commodity—they are enabling technological advancements across multiple industries by providing critical materials with consistency and innovation.