PUBLISHER: The Business Research Company | PRODUCT CODE: 1775872
PUBLISHER: The Business Research Company | PRODUCT CODE: 1775872
Hydrogen Bromide Global Market Report 2025
Hydrogen bromide, an irritant gas, transforms into hydrobromic acid upon dissolution in water. This colorless gas emits a distinctive odor in damp conditions. It serves as a catalyst in the production of inorganic and organic bromine compounds, zInc., sodium, and calcium bromides.
Hydrogen bromide finds application in various sectors such as biocides, flame retardants, catalysts, oil and gas drilling, and polysilicon etching. Biocides, substances used for controlling harmful organisms, exist in gaseous and liquid forms. They serve diverse industries including water treatment, electronics, construction, agriculture, automotive, among others.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The escalating U.S. tariffs and rising trade tensions in spring 2025 are expected to significantly affect the chemicals sector, which is facing a disproportionate impact-particularly from tariffs on petrochemicals and intermediates, where affordable domestic alternatives are limited. Specialty chemical producers, who rely heavily on Chinese raw materials, are encountering production disruptions. Meanwhile, fertilizer manufacturers are seeing their profit margins squeezed due to tariffs on phosphate imports. In response, companies are increasing investments in R&D for bio-based alternatives, forming procurement alliances to strengthen purchasing power, and relocating production to tariff-neutral countries like Saudi Arabia.
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.
The hydrogen bromide market size has grown strongly in recent years. It will grow from $4.15 billion in 2024 to $4.39 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to pharmaceutical and agrochemical synthesis, use in consumer electronics, flame retardant applications, chemical industry development, oil and gas industry utilization.
The hydrogen bromide market size is expected to see strong growth in the next few years. It will grow to $5.84 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growing demand for pharmaceuticals, expansion of energy storage, increased application in semiconductor manufacturing, rising adoption in chemical synthesis, focus on environmental compliance, emergence of hydrogen economy initiatives. Major trends in the forecast period include strategic partnerships, product innovations, technological advancements, investments in expansion.
The forecast of 7.4% growth over the next five years reflects a modest reduction of 0.4% from the previous estimate for this market.This reduction is primarily due to the impact of tariffs between the US and other countries. This is likely to directly affect the US by straining pharmaceutical and flame retardant manufacturing, as high-purity imports from Germany and India become more expensive and scarce.The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The growing demand from the textile industry is anticipated to drive the hydrogen bromide market in the future. Hydrogen bromide (HBr) is utilized in the production of flame retardants, which are crucial in textile manufacturing to ensure that fabrics comply with fire safety standards, particularly in sectors such as clothing, upholstery, and industrial textiles. For example, in May 2023, Textile World, a US-based magazine focused on the textile industry, reported that textile and apparel exports from the US reached $34 billion in 2022, up from $28.4 billion in 2021. Consequently, the increasing demand from the textile sector is propelling the growth of the hydrogen bromide market.
The automotive industry's increasing demand is also a significant driver of growth in the hydrogen bromide market. Within this sector, hydrogen bromide finds usage in diverse applications such as renewable energy storage, high-capacity flow batteries, and the manufacturing of electric cars. For instance, in 2022, global motor vehicle production surged by 5.7%, reaching 85.4 million units, as noted by the European Automobile Manufacturers Association. Additionally, the automobile sector's sales in 2022 experienced a substantial 10% increase, reaching approximately 78 million units according to Brand Finance plc.
Leading companies in the market are investing in expanding their hydrogen bromide facilities to enhance their revenues. Investing in hydrogen bromide can offer various financial and strategic advantages, providing opportunities for revenue generation, diversification, and long-term growth while also addressing environmental concerns and mitigating supply chain vulnerabilities. For instance, in November 2022, Albemarle, a US-based chemical company specializing in bromine production, committed up to $540 million to expand and modernize two bromine facilities in Magnolia, Arkansas, USA. This investment is designed to meet the increasing demand for brominated products used across various industries, including those that rely on hydrogen bromide, such as fire safety, chemical synthesis, and green energy.
Major companies in the hydrogen bromide market are focusing on pioneering products to drive revenue growth. For example, De Nora Tech S.p.A. introduced the MIOX bromine oxidant solution system (BOSS) in September 2022. This system, intended for high-pH water treatment in cooling towers, transforms chlorine-based solutions into stable bromine to effectively manage biofilm and harmful bacteria, offering more efficient inactivation than chlorine in alkaline waters.
In April 2024, the Puyallup Tribe of Indians, a federally recognized tribe in the United States, partnered with Skip Technology. The Puyallup Tribe intends to collaborate on additional trust lands to further its long-term goal of establishing a container terminal and the only tribally operated deep-water port in the nation. This partnership underscores the tribe's commitment to advancing its port development initiatives. Skip Technology, a US-based battery manufacturer, specializes in innovative energy solutions and incorporates hydrogen bromide into its advanced battery systems.
Major companies operating in the hydrogen bromide market are Air Liquide S.A., Bhavika Chemicals Corporation, Gulf Resources Inc., Linde PLC, Neogen Chemicals Ltd., Matheson Tri-Gas Inc., Praxair Inc., Tata Chemicals Limited, Triveni Interchem Pvt. Ltd., Albemarle Corporation, Chevron Phillips Chemical Company LLC, Lanxess AG, Verni Gas Corporation, Showa Denko K. K., Jiangsu Lanfeng Biochemical Co. Ltd., Astitva Chemicals, Arkema S.A., Honeywell International Inc., Tosoh Corporation, Tokyo Chemical Industry Co. Ltd., Jiangsu Furen Group, Denko Corporation
Asia-Pacific was the largest region in the hydrogen bromide market share in 2024. The regions covered in the hydrogen bromide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hydrogen bromide market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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Scope
Table of Contents
1. Executive Summary
2. Hydrogen Bromide Market Characteristics
3. Hydrogen Bromide Market Trends And Strategies
4. Hydrogen Bromide Market - Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics, Trade Wars and Tariffs, And Covid And Recovery On The Market
- 4.1. Supply Chain Impact from Tariff War & Trade Protectionism
5. Global Hydrogen Bromide Growth Analysis And Strategic Analysis Framework
- 5.1. Global Hydrogen Bromide PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Hydrogen Bromide Market Growth Rate Analysis
- 5.4. Global Hydrogen Bromide Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Hydrogen Bromide Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
6. Hydrogen Bromide Market Segmentation
7. Hydrogen Bromide Market Regional And Country Analysis
8. Asia-Pacific Hydrogen Bromide Market
9. China Hydrogen Bromide Market
10. India Hydrogen Bromide Market
11. Japan Hydrogen Bromide Market
12. Australia Hydrogen Bromide Market
13. Indonesia Hydrogen Bromide Market
14. South Korea Hydrogen Bromide Market
15. Western Europe Hydrogen Bromide Market
16. UK Hydrogen Bromide Market
17. Germany Hydrogen Bromide Market
18. France Hydrogen Bromide Market
19. Italy Hydrogen Bromide Market
20. Spain Hydrogen Bromide Market
21. Eastern Europe Hydrogen Bromide Market
22. Russia Hydrogen Bromide Market
23. North America Hydrogen Bromide Market
24. USA Hydrogen Bromide Market
25. Canada Hydrogen Bromide Market
26. South America Hydrogen Bromide Market
27. Brazil Hydrogen Bromide Market
28. Middle East Hydrogen Bromide Market
29. Africa Hydrogen Bromide Market
30. Hydrogen Bromide Market Competitive Landscape And Company Profiles
31. Hydrogen Bromide Market Other Major And Innovative Companies
32. Global Hydrogen Bromide Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Hydrogen Bromide Market
34. Recent Developments In The Hydrogen Bromide Market
35. Hydrogen Bromide Market High Potential Countries, Segments and Strategies
36. Appendix
