Top 4 Companies Ruling the Global Hydrogen Bromide Market, Driven by Growing Electronics Industry

The global hydrogen bromide market is supported by the global bromine market, and is expected to grow at a CAGR of about 8% in the forecast period of 2022-2027. As per the analysis by Expert Market Research, the market is expected to be driven by the growing electronic industry.

The increasing use of hydrogen bromide in flame retardants and the etching process for polysilicon wafers are contributing to the growth of the market. Brominated flame retardants are widely utilised in the insulation and manufacturing of electronic components, among other applications. As the plasma etching technique is used in the semiconductor industry to produce chips for semiconductors, the demand for hydrogen bromide is significantly growing.

The rising use of hydrogen bromide in the manufacturing of drugs and chemicals is propelling the market growth. With the growing demand for inorganic bromides of calcium and zinc, among others, the use of hydrogen bromide as a solvent in their preparation is significantly increasing. The robust growth of the textile, chemical, and pharmaceutical sector is favouring the market for hydrogen bromide.

The market is expected to significantly grow in developing countries due to the increasing construction activities, rising disposable incomes, and the growing sales of electronic products. With the rising demand for brominated flame retardants in the Asia Pacific region, the manufacturing of bromine in China is likely to increase. Moreover, the use of hydrogen bromide in the production of utility-scale flow-type batteries is growing. As flow batteries are increasingly utilised as a dependable energy storage option in a variety of industrial units, the demand for hydrogen bromide in flow battery manufacturing is anticipated to grow over the forecast period.

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Top 4 Global Hydrogen Bromide Companies

Showa Denko K.K.

Showa Denko K. K. is a Japanese chemical business that manufactures chemical products and industrial materials. SDK's products are used in a broad variety of sectors, from heavy industrial to electronics and computer technology. The firm operates via five divisions, namely petrochemicals, aluminium, electronics, chemicals, and inorganic minerals. Showa Denko has more than 180 subsidiaries and affiliates in Japan and it generated net sales of JPY 1,419,635 million in 2021.

Albemarle Corporation

Albemarle Corporation is a North Carolina-based manufacturer of fine chemicals. It operates in three divisions: lithium, bromine specialities, and catalysts. Albemarle is one of the most significant suppliers of lithium for electric car batteries and a leading developer of flame-retardant chemical technology. As of 2021, it employs around 6,000 people across 100 countries. The company offers diverse and innovative products for oilfield drilling, fire safety, high-tech cleaning, pharmaceutical manufacturing, and water treatment applications.

Air Liquide LLC

Air Liquide LLC is a French multinational corporation that provides industrial gases and services to a variety of sectors, including medical, chemical, and electronic manufacturing. Founded in 1902, it currently employs 66,400 people across 75 countries. The company serves more than 2 million industrial consumers in various sectors and had a revenue of EUR 23,335 million in 2021. Moreover, the company spent EUR 304 million on innovations in 2021 and aims to reduce greenhouse emissions.

Verni Group

Verni Group is a manufacturer and supplier of industrial gases to the industrial and medical sectors. It has four branches and a production capacity of 600Nm3. Its yearly revenue exceeds 25cr. It is a business certified to ISO 9001:2008 and established under the company number ACT-1956. Some of its leading products include neon, carbon monoxide, refrigerant gases, and propane, among others.

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