Reports

Global Hydrogen Bromide Market to Witness a Healthy Growth During 2021-2026, Aided by the Growing Bromine Market

Hydrogen Bromide Market

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 (2018-2028); 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 4.54 billion in 2022. The global bromine market is further expected to grow at a CAGR of 8% in the forecast period of 2023-2028 to reach a value of approximately USD 7.2 billion by 2028.  

 

Global Hydrogen Bromide Market

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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.

 

Global Hydrogen Bromide Market by Application

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Hydrogen Bromide: Market 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.

 

Global Hydrogen Bromide Market by Region

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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 market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Form, Application, End Use, Region
Breakup by Form Gas, Liquid
Breakup by Application Biocides, Flame Retardants, Catalyst, Oil and Gas Drilling, Polysilicon Etching, Others
Breakup by End Use Energy, Automotive, Electronics, Pharmaceutical, Construction, Agriculture, Water Treatment, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Showa Denko K.K., Albemarle Corporation, Air Liquide USA LLC Others, Verni Group, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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    Opportunities and Challenges in the Market
8    Global Hydrogen Bromide Market Analysis
    8.1    Key Industry Highlights
    8.2    Global Hydrogen Bromide Historical Market (2018-2022) 
    8.3    Global Hydrogen Bromide Market Forecast (2023-2028)
    8.4    Global Hydrogen Bromide Market by Form
        8.4.1    Gas
            8.4.1.1    Historical Trend (2018-2022)
            8.4.1.2    Forecast Trend (2023-2028)
        8.4.2    Liquid
            8.4.2.1    Historical Trend (2018-2022)
            8.4.2.2    Forecast Trend (2023-2028)
    8.5    Global Hydrogen Bromide Market by Application
        8.5.1    Biocides
            8.5.1.1    Historical Trend (2018-2022)
            8.5.1.2    Forecast Trend (2023-2028)
        8.5.2    Flame Retardants
            8.5.2.1    Historical Trend (2018-2022)
            8.5.2.2    Forecast Trend (2023-2028)
        8.5.3    Catalyst
            8.5.3.1    Historical Trend (2018-2022)
            8.5.3.2    Forecast Trend (2023-2028)
        8.5.4    Oil and Gas Drilling
            8.5.4.1    Historical Trend (2018-2022)
            8.5.4.2    Forecast Trend (2023-2028)
        8.5.5    Polysilicon Etching
            8.5.5.1    Historical Trend (2018-2022)
            8.5.5.2    Forecast Trend (2023-2028)
        8.5.6    Others
    8.6    Global Hydrogen Bromide Market by End Use
        8.6.1    Energy 
            8.6.1.1    Historical Trend (2018-2022)
            8.6.1.2    Forecast Trend (2023-2028)
        8.6.2    Automotive
            8.6.2.1    Historical Trend (2018-2022)
            8.6.2.2    Forecast Trend (2023-2028)
        8.6.3    Electronics
            8.6.3.1    Historical Trend (2018-2022)
            8.6.3.2    Forecast Trend (2023-2028)
        8.6.4    Pharmaceutical
            8.6.4.1    Historical Trend (2018-2022)
            8.6.4.2    Forecast Trend (2023-2028)
        8.6.5    Construction
            8.6.5.1    Historical Trend (2018-2022)
            8.6.5.2    Forecast Trend (2023-2028)
        8.6.6    Agriculture
            8.6.6.1    Historical Trend (2018-2022)
            8.6.6.2    Forecast Trend (2023-2028)
        8.6.7    Water Treatment
            8.6.7.1    Historical Trend (2018-2022)
            8.6.7.2    Forecast Trend (2023-2028)
        8.6.8    Others
    8.7    Global Hydrogen Bromide Market by Region       
        8.7.1    North America
            8.7.1.1    Historical Trend (2018-2022) 
            8.7.1.2    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Historical Trend (2018-2022) 
            8.7.2.2    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Historical Trend (2018-2022) 
            8.7.3.2    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Historical Trend (2018-2022) 
            8.7.4.2    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Historical Trend (2018-2022) 
            8.7.5.2    Forecast Trend (2023-2028)
9    North America Hydrogen Bromide Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2022) 
        9.1.2    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Historical Trend (2018-2022) 
        9.2.2    Forecast Trend (2023-2028)
10    Europe Hydrogen Bromide Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2022) 
        10.1.2    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Historical Trend (2018-2022) 
        10.2.2    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Historical Trend (2018-2022) 
        10.3.2    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Historical Trend (2018-2022) 
        10.4.2    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Hydrogen Bromide Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2022) 
        11.1.2    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Historical Trend (2018-2022) 
        11.2.2    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Historical Trend (2018-2022) 
        11.3.2    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2022) 
        11.4.2    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Historical Trend (2018-2022) 
        11.5.2    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Hydrogen Bromide Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2022) 
        12.1.2    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2022) 
        12.2.2    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2022) 
        12.3.2    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Hydrogen Bromide Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2022) 
        13.1.2    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2022) 
        13.2.2    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2022) 
        13.3.2    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2022) 
        13.4.2    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Price Analysis
    16.1    North America Historical Price Trends (2018-2022) & Forecast (2023-2028)
    16.2    Europe Historical Price Trends (2018-2022) & Forecast (2023-2028)
    16.3    Asia Pacific Historical Price Trends (2018-2022) & Forecast (2023-2028)
    16.4    Latin America Historical Price Trends (2018-2022) & Forecast (2023-2028)
    16.5    Middle East & Africa Historical Price Trends (2018-2022) & Forecast (2023-2028)
17    Manufacturing Process
    17.1    Overview
    17.2    Detailed Process Flow
    17.3    Operation Involved
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    Showa Denko K.K. 
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Albemarle Corporation 
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Air Liquide USA LLC Others
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Verni Group
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Others
19    Key Trends and Developments in the Market


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 Key Figures and Tables

1.    Global Hydrogen Bromide Market: Key Industry Highlights, 2018 and 2028
2.    Global Hydrogen Bromide Historical Market: Breakup by Form (USD Million), 2018-2022
3.    Global Hydrogen Bromide Market Forecast: Breakup by Form (USD Million), 2023-2028
4.    Global Hydrogen Bromide Historical Market: Breakup by Application (USD Million), 2018-2022
5.    Global Hydrogen Bromide Market Forecast: Breakup by Application (USD Million), 2023-2028
6.    Global Hydrogen Bromide Historical Market: Breakup by End Use (USD Million), 2018-2022
7.    Global Hydrogen Bromide Market Forecast: Breakup by End Use (USD Million), 2023-2028
8.    Global Hydrogen Bromide Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Hydrogen Bromide Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    North America Historical Price Trends and Forecast 2018-2028
21.    Europe Historical Price Trends and Forecast 2018-2028
22.    Asia Pacific Historical Price Trends and Forecast 2018-2028
23.    Latin America Historical Price Trends and Forecast 2018-2028
24.    Middle East and Africa Historical Price Trends and Forecast 2018-2028
25.    Global Hydrogen Bromide Market Structure

Key Questions Answered in the Report

What was the global hydrogen bromide market size in 2022?

The global hydrogen bromide industry is being driven by the bromine market, which attained a value of nearly USD 4.54 billion in 2022.

What is the growth rate of the market?

The bromine market is projected to grow at a CAGR of 8% between 2023 and 2028.

What is the forecast outlook of the market for 2023-2028?

The bromine market is estimated to reach about USD 7.2 billion by 2028 and is expected to continue to drive the hydrogen bromide industry growth.

What are the major industry drivers?

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.

What are the key industry trends in the market?

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

What are the major regional markets of hydrogen bromide, according to the EMR report?

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

What are the leading forms of hydrogen bromide in the industry?

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

What are the significant application segments in the market?

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

What are the major end-use sectors in the industry?

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

Who are the key industry players, according to the report?

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 4.54 billion in 2022. In the forecast period of 2023-2028, the bromine industry is expected to grow at a CAGR of 8% to reach a value of nearly USD 7.2 billion by 2028.  

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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