Hydrogen Bromide Global Market Report 2023

“Hydrogen Bromide Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on hydrogen bromide market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for hydrogen bromide ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The hydrogen bromide market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: Biocides; Flame Retardants; Catalyst; Oil And Gas Drilling; Polysilicon Etching; Other Types

• 2) By Form: Gas; Liquid

• 3) By End-Use Industry: Water Treatment; Electronics; Construction; Agriculture; Automotive; Other End-Use Industries

• Companies Mentioned: Air Liquide S.A.; Bhavika Chemicals Corporation; Gulf Resources Inc.; Linde PLC.; Neogen Chemicals Ltd.

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the hydrogen bromide market are Air Liquide S.A., Bhavika Chemicals Corporation, Gulf Resources Inc., Linde PLC., Neogen Chemicals Ltd., Sontara Organo Industries, Tosoh Corporation, Verni Gas Corporation, Albemarle Corporation, Chevron Phillips Chemical Company LLC, Lanxess AG, Matheson Tri-Gas Inc., Showa Denko K. K., Tata Chemicals Limited, Triveni Interchem Pvt. Ltd., Praxair Inc., and Chemtura Corporation.

The global hydrogen bromide market is expected to grow from $3.65 billion in 2022 to $3.91 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The hydrogen bromide market is expected to grow to $5.05 billion in 2027 at a compound annual growth rate (CAGR) of 6.6%.

The hydrogen bromide market consists of hydrobromic acid, anhydrous hydrobromic acid, and bromine. Values in this market are 'factory gate' values, that is the value of the goods sold by the manufacturers or creator of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Hydrogen bromide is an irritating gas that turns into hydrobromic acid when it dissolves in water, is colorless, and smells in the damp air. Inorganic and organic bromine compounds, as well as zInc., sodium, and calcium bromides, are produced using hydrogen bromide (HBr) as a catalyst.

Asia-Pacific was the largest region in the hydrogen bromide market in 2022. The regions covered in the hydrogen bromide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of hydrogen bromide are biocides, flame retardants, catalysts, oil and gas drilling, polysilicon etching, and other types. A biocide is a chemical agent, mixture, or microorganism used to control harmful organisms in a manner other than just mechanical or physical means. It is available in gas and liquid form and is used for various applications by different end-use industries such as water treatment, electronics, construction, agriculture, automotive, and others.

Increasing demand from the electronics and semiconductor industry is expected to propel the hydrogen bromide market going forward. Electroetching is a metal etching process that involves the use of a solution of an electrolyte, an anode, and a cathode, in the case of semiconductors, to create patterns based on their applications. Etching removes material from the semiconductor's surface. Hydrogen bromide is used in the electronics and semiconductor industry for the etching process of poly-silicon wafers, which are required to manufacture chips and are also used in the production of circuit boards. For instance, in 2021, the SEMI Silicon Manufacturers Group (SMG), a US-based company, revealed in its quarterly review of the silicon wafer industry that worldwide silicon wafer shipments grew 3.3% to 3,649 million square inches in the third quarter of 2021, which was a new industry high. Therefore, increasing demand from the electronics and semiconductor industry is driving the growth of the hydrogen bromide market.

Technological innovations have emerged as a key trend gaining popularity in the hydrogen bromide market. Major companies operating in the hydrogen bromide market are developing innovative technologies to strengthen their position in the market. For instance, in October 2021, Albemarle Corporation, a US-based global speciality chemicals company, launched ACTION+ catalyst technology. The unique features of ACTION+ catalyst technology include ZT-500, a new, innovative, Y-zeolite stabilization system. ZT-500 provides maximum LPG olefinic with unrivaled butylene/propylene selectivity by minimizing hydrogen transfer reactions and retaining those species that enhance gasoline octane.

In April 2020, Macquarie Infrastructure and Real Assets (MIRA), an Australia-based asset management company, acquired Current GmbH & Co. OHG from Bayer AG and LANXESS AG for $8 billion (780 million euros). Through this acquisition, NXESS seeks to expand its solid financial foundation and handle the problems the pandemic poses. Lanxess AG is a Germany-based speciality chemical company that manufactures bromine.

The countries covered in the hydrogen bromide market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The hydrogen bromide market research report is one of a series of new reports from The Business Research Company that provides hydrogen bromide market statistics, including hydrogen bromide industry global market size, regional shares, competitors with a hydrogen bromide market share, detailed hydrogen bromide market segments, market trends and opportunities, and any further data you may need to thrive in the hydrogen bromide industry. This hydrogen bromide market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.