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Global Hydrogen Bromide Market: By Form: Gas, Liquid; By Application: Biocides, Flame Retardants, Catalyst, Oil and Gas Drilling, Polysilicon Etching; By End Use: Energy, Automotive, Electronics, Pharmaceutical, Others; Regional Analysis; Historical Market and Forecast (2015-2025); Competitive Landscape; Industry Events and Developments

Global Hydrogen Bromide Market Outlook

The global hydrogen bromide market is being aided by the growing bromine market, which reached a value of USD 3.89 billion in 2019. The global bromine market is further expected to grow at a CAGR of 8% in the forecast period of 2020-2025 to reach a value of approximately USD 6.17 billion by 2025.

 

Growing End Use Applications is Aiding the Market Growth of Hydrogen Bromide

Hydrogen bromide (HBr) is used as a catalyst in the production of purified terephthalic acid (TPA), inorganic and organic bromine compounds, and bromides of zinc, sodium, and calcium. In 2017, hydrogen bromide (HBr) consumption for TPA accounted for nearly 6% of the global consumption of bromine-based compounds. The TPA produced is further utilised in the production of polyethylene terephthalate (PET), which is finally used for packaging application and in fibres.

 

Global Hydrogen Bromide Market to Witness Rapid Expansion in Developing Regions

The global hydrogen bromide industry is expected to be dominated by the Asia Pacific region. The Asia Pacific is one of the leading markets for bromine. The growing demand for bromine in countries like China, Japan, and India are expected to aid the growth of the Asia Pacific market for hydrogen bromide.

 

Hydrogen Bromide: Industry Definition and Segmentation

Hydrogen bromide is a colourless gas with the formula HBr. This diatomic molecular compound is composed of hydrogen and bromine atoms. It has an acrid odour and is very soluble in water. Industrially, hydrogen bromide is prepared by mixing hydrogen and bromine at temperatures ranging between 200 and 400 °C. The reaction takes place in the presence of a catalyst, namely, platinum or asbestos. However, this chemical can be synthesised by a variety of methods. It is an important reagent that is used in the preparation of several inorganic and organic bromine compounds.

On the basis of form, the market is bifurcated into:

  • Gas
  • Liquid

Based on application, the industry can be segmented into:

  • Biocides
  • Flame Retardants
  • Catalyst
  • Oil and Gas Drilling
  • Polysilicon Etching
  • Others

Based on end use, the industry has been categorised into:

  • Energy 
  • Automotive
  • Electronics
  • Pharmaceutical
  • Construction
  • Agriculture
  • Water Treatment
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Thriving Electronics Industry to Bolster the Growth of the Hydrogen Bromide Market

The growing utilisation of hydrogen bromide in flame retardants and etching process of polysilicon wafers are driving the growth of the industry. The brominated flame retardants are extensively used in insulation and fabrication of electronic components. The plasma etching process is used to manufacture chips for semiconductors, especially in the electronics industry. Thus, the thriving electronics sector is boosting the market growth.

The growth will be higher in the developing regions owing to the rising construction activities, escalating disposable incomes, and growing sales of electronics. China is expected to be the dominant market for bromine in the Asia Pacific region due to the increasing demand for brominated flame retardants.

Hydrogen bromide has been in focus to produce utility-scale flow-type batteries. These batteries are included under the category of membrane-less flow batteries having high-power density. Currently, flow batteries are used as a reliable energy storage solution in various industrial units globally. Thus, the growing use of hydrogen bromide in flow batteries presents a significant opportunity for the market expansion in the coming years.

 

Key Industry Players in the Global Hydrogen Bromide Market

The report gives a detailed analysis of the following key players in the global hydrogen bromide market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Showa Denko K.K. 
  • Albemarle Corporation 
  • Air Liquide USA LLC
  • Verni Group
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hydrogen Bromide Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hydrogen Bromide Historical Market (2015-2019) 
    8.3    Global Hydrogen Bromide Market Forecast (2020-2025)
    8.4    Global Hydrogen Bromide Market by Form
        8.4.1    Gas
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2015-2019)
            8.4.1.3    Forecast Trend (2020-2025)
        8.4.2    Liquid
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2015-2019)
            8.4.2.3    Forecast Trend (2020-2025)
    8.5    Global Hydrogen Bromide Market by Application
        8.5.1    Biocides
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2015-2019)
            8.5.1.3    Forecast Trend (2020-2025)
        8.5.2    Flame Retardants
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2015-2019)
            8.5.2.3    Forecast Trend (2020-2025)
        8.5.3    Catalyst
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2015-2019)
            8.5.3.3    Forecast Trend (2020-2025)
        8.5.4    Oil and Gas Drilling
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2015-2019)
            8.5.4.3    Forecast Trend (2020-2025)
        8.5.5    Polysilicon Etching
            8.5.5.1    Market Share
            8.5.5.2    Historical Trend (2015-2019)
            8.5.5.3    Forecast Trend (2020-2025)
        8.5.6    Others
    8.6    Global Hydrogen Bromide Market by End Use
        8.6.1    Energy 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2015-2019)
            8.6.1.3    Forecast Trend (2020-2025)
        8.6.2    Automotive
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2015-2019)
            8.6.2.3    Forecast Trend (2020-2025)
        8.6.3    Electronics
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2015-2019)
            8.6.3.3    Forecast Trend (2020-2025)
        8.6.4    Pharmaceutical
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2015-2019)
            8.6.4.3    Forecast Trend (2020-2025)
        8.6.5    Construction
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2015-2019)
            8.6.5.3    Forecast Trend (2020-2025)
        8.6.6    Agriculture
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2015-2019)
            8.6.6.3    Forecast Trend (2020-2025)
        8.6.7    Water Treatment
            8.6.7.1    Market Share
            8.6.7.2    Historical Trend (2015-2019)
            8.6.7.3    Forecast Trend (2020-2025)
        8.6.8    Others
    8.7    Global Hydrogen Bromide Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2015-2019)
        9.1.2    Forecast Trend (2020-2025)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2015-2019)
        9.2.2    Forecast Trend (2020-2025)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2015-2019)
        9.3.2    Forecast Trend (2020-2025)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2015-2019)
        9.4.2    Forecast Trend (2020-2025)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2015-2019)
        9.5.2    Forecast Trend (2020-2025)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Price Analysis

    12.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    12.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
13    Manufacturing Process
    13.1    Overview
    13.2    Detailed Process Flow
    13.3    Operation Involved
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Showa Denko K.K. 
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Albemarle Corporation 
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Air Liquide USA LLC Others
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Verni Group
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Others
15    Industry Events and Developments


Additional Customisations Available

1    Project Requirement and Cost Analysis
    1.1    Land, Location, and Site Development
    1.2    Construction
    1.3    Plant Machinery
    1.4    Raw Material
    1.5    Packaging
    1.6    Transportation
    1.7    Utilities
    1.8    Manpower
    1.9    Other Capital Investment


List of Figures and Tables

1.    Global Hydrogen Bromide Market: Key Industry Highlights, 2015 and 2025
2.    Global Hydrogen Bromide Historical Market: Breakup by Form (USD Million), 2015-2019
3.    Global Hydrogen Bromide Market Forecast: Breakup by Form (USD Million), 2020-2025
4.    Global Hydrogen Bromide Historical Market: Breakup by Application (USD Million), 2015-2019
5.    Global Hydrogen Bromide Market Forecast: Breakup by Application (USD Million), 2020-2025
6.    Global Hydrogen Bromide Historical Market: Breakup by End Use (USD Million), 2015-2019
7.    Global Hydrogen Bromide Market Forecast: Breakup by End Use (USD Million), 2020-2025
8.    Global Hydrogen Bromide Historical Market: Breakup by Region (USD Million), 2015-2019
9.    Global Hydrogen Bromide Market Forecast: Breakup by Region (USD Million), 2020-2025
10.    North America Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2015-2019
11.    North America Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2020-2025
12.    Europe Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2015-2019
13.    Europe Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2020-2025
14.    Asia Pacific Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2015-2019
15.    Asia Pacific Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2020-2025
16.    Latin America Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2015-2019
17.    Latin America Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2020-2025
18.    Middle East and Africa Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2015-2019
19.    Middle East and Africa Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2020-2025
20.    North America Historical Price Trends and Forecast 2015-2025
21.    Europe Historical Price Trends and Forecast 2015-2025
22.    Asia Pacific Historical Price Trends and Forecast 2015-2025
23.    Latin America Historical Price Trends and Forecast 2015-2025
24.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
25.    Global Hydrogen Bromide Market Structure

Key Questions Answered in the Report

The global hydrogen bromide industry is being driven by the bromine market, which attained a value of nearly USD 3.89 billion in 2019.

The bromine market is projected to grow at a CAGR of 8% between 2020 and 2025; thus, further aiding the hydrogen bromide industry growth.

The bromine market is estimated to reach about USD 6.17 billion by 2025 and is expected to continue to drive the hydrogen bromide industry growth.

The major drivers of the industry, such as rising disposable incomes, increasing population, the growing use of hydrogen bromide in the etching process of poly-silicon wafers, rising demand for the product in the production of purified terephthalic acid (TPA), increasing construction activities, growing demand for electronics, and the rising use of the product in flame retardants, are expected to aid the market growth.

The key trend guiding the growth of the market includes the rising construction activities in emerging regions.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The leading forms of hydrogen bromide in the industry are gas and liquid.

The significant application segments in the market are biocides, flame retardants, catalyst, oil and gas drilling, and polysilicon etching, among others.

The major end-use sectors in the industry are energy, automotive, electronics, pharmaceutical, construction, agriculture, and water treatment, among others.

The major players in the industry are Showa Denko K.K., Albemarle Corporation, Air Liquide USA LLC, and Verni Group, among others.

Analyst Review

The global hydrogen bromide market is being driven by the rising production of purified terephthalic acid (TPA). The hydrogen bromide industry is being aided by the bromine market growth, which attained a value of USD 3.89 billion in 2019. In the forecast period of 2020-2025, the bromine industry is expected to grow at a CAGR of 8% to reach a value of nearly USD 6.17 billion by 2025.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on form, the market is segmented into gas and liquid. On the basis of application, the industry is divided into biocides, flame retardants, catalyst, oil and gas drilling, and polysilicon etching, among others. By end use, the industry is categorised into energy, automotive, electronics, pharmaceutical, construction, agriculture, and water treatment, among others. The major regional markets for hydrogen bromide are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Showa Denko K.K., Albemarle Corporation, Air Liquide USA LLC, and Verni Group, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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