- Calcium bromide, a chemical compound used as a clear brine fluid and oxidizer, plays a vital role in oil and gas drilling, power generation, and automotive applications due to its high solubility and effectiveness in high-density fluid formulations
- The demand for calcium bromide is fueled by the expansion of the oil and gas sector, increasing exploration and production activities, and the growing need for sustainable and efficient chemical solutions in industrial applications
- North America dominated the calcium bromide market with the largest revenue share of 42.5% in 2024, driven by robust oil and gas exploration activities, advanced industrial infrastructure, and the presence of key market players
- Asia-Pacific is expected to be the fastest-growing region during the forecast period, propelled by rapid industrialization, increasing energy demands, and rising investments in oil and gas exploration in countries such China and India
- The latex segment dominated the largest market revenue share of 35% in 2024, driven by its extensive use in industries such as glove manufacturing, sporting goods, rubber bands, mattresses, balloons, and tennis shoes
