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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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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.
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 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:
Based on application, the industry can be segmented into:
Based on end use, the industry has been categorised into:
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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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.
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:
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.
| 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 |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| 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. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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