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Global Hydrogen Bromide Market Size, Growth: By Form: Gas, Liquid; By Application: Biocides, Flame Retardants, Catalyst, Oil and Gas Drilling, Polysilicon Etching, Others; By End Use: Energy, Automotive, Electronics, Pharmaceutical, Construction, Agriculture, Water Treatment, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Hydrogen Bromide Market Outlook
The global hydrogen bromide market is being aided by the growing bromine market, which reached a value of USD 4.90 billion in 2023. The global bromine market is further expected to grow at a CAGR of 8% in the forecast period of 2024-2032 to reach a value of approximately USD 9.80 billion by 2032.
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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.
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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.
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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 | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Form |
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| Breakup by Application |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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| 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 (2018-2023)
8.3 Global Hydrogen Bromide Market Forecast (2024-2032)
8.4 Global Hydrogen Bromide Market by Form
8.4.1 Gas
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Liquid
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Hydrogen Bromide Market by Application
8.5.1 Biocides
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Flame Retardants
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Catalyst
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Oil and Gas Drilling
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Polysilicon Etching
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Others
8.6 Global Hydrogen Bromide Market by End Use
8.6.1 Energy
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Automotive
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Electronics
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Pharmaceutical
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Construction
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.6.6 Agriculture
8.6.6.1 Historical Trend (2018-2023)
8.6.6.2 Forecast Trend (2024-2032)
8.6.7 Water Treatment
8.6.7.1 Historical Trend (2018-2023)
8.6.7.2 Forecast Trend (2024-2032)
8.6.8 Others
8.7 Global Hydrogen Bromide Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Hydrogen Bromide Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Hydrogen Bromide Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Hydrogen Bromide Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Hydrogen Bromide Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Hydrogen Bromide Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
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 (2018-2023) & Forecast (2024-2032)
16.2 Europe Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.3 Asia Pacific Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.4 Latin America Historical Price Trends (2018-2023) & Forecast (2024-2032)
16.5 Middle East & Africa Historical Price Trends (2018-2023) & Forecast (2024-2032)
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 2032
2. Global Hydrogen Bromide Historical Market: Breakup by Form (USD Million), 2018-2023
3. Global Hydrogen Bromide Market Forecast: Breakup by Form (USD Million), 2024-2032
4. Global Hydrogen Bromide Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Hydrogen Bromide Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Hydrogen Bromide Historical Market: Breakup by End Use (USD Million), 2018-2023
7. Global Hydrogen Bromide Market Forecast: Breakup by End Use (USD Million), 2024-2032
8. Global Hydrogen Bromide Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Hydrogen Bromide Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Hydrogen Bromide Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Hydrogen Bromide Market Forecast: Breakup by Country (USD Million), 2024-2032
20. North America Historical Price Trends and Forecast 2018-2032
21. Europe Historical Price Trends and Forecast 2018-2032
22. Asia Pacific Historical Price Trends and Forecast 2018-2032
23. Latin America Historical Price Trends and Forecast 2018-2032
24. Middle East and Africa Historical Price Trends and Forecast 2018-2032
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 4.90 billion in 2023.
The bromine market is projected to grow at a CAGR of 8% between 2023 and 2032.
The bromine market is estimated to reach about USD 9.80 billion by 2032 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 4.90 billion in 2023. In the forecast period of 2024-2032, the bromine industry is expected to grow at a CAGR of 8% to reach a value of nearly USD 9.80 billion by 2032.
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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