PUBLISHER: QYResearch | PRODUCT CODE: 1136730
PUBLISHER: QYResearch | PRODUCT CODE: 1136730
Due to the COVID-19 pandemic, the global High Purity Hydrogen Bromide (HBr) market size is estimated to be worth US$ 188 million in 2022 and is forecast to a readjusted size of US$ 234 million by 2028 with a CAGR of 3.7% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, 5N accounting for 88% of the High Purity Hydrogen Bromide (HBr) global market in 2021, is projected to value US$ 208 million by 2028, growing at a revised 3.8% CAGR from 2022 to 2028. While Semiconductor segment is altered to a 3.6 % CAGR throughout this forecast period.
Japan High Purity Hydrogen Bromide (HBr) market size was US$ 118 million in 2021, while Europe was US$ 30 million. The proportion of the Japan was 78% in 2021, while Europe's percentage was 20%, and it is predicted that Europe market share will reach 21.5% in 2028, trailing a CAGR of 3.6% through the analysis period.
The global high-purity hydrogen bromide manufacturers are mainly Showa Denko, Air Liquide, Adeka, Nippon Sanso, and Linde, which monopolize the global high-purity hydrogen bromide market. In the future, 5/6 new companies in China will enter the high-purity hydrogen bromide market. The specific companies are: Jinhong Gas, Hunan Kaimeite Gases, Guangdong Huate Gas, Fujian Jiuce Gas, and Tianjin Linggas.
Especially in 2021 and 2022, the global demand for high-purity hydrogen bromide will see explosive growth, mainly driven by strong demand from downstream end applications. According to interviews with the sales managers of various companies, the production capacity of each company will be close to full production in 2022. On the premise of maintaining old customers, it is difficult to meet the needs of new customers in a short period of time.
The research report has incorporated the analysis of different factors that augment the market's growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert's opinions have been taken to understand the market better.
The research report includes specific segments by region (country), by manufacturers, by Purity and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.