Hydrogen Bromide Industry Statistics – Research Insights On Growth Drivers, Major Trends, And Top Opportunities
18 May, 2023
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 CAGR of 6.6%.
Global Hydrogen Bromide Market Key Driver
Increasing demand from the electronics and semiconductor industries is expected to propel the hydrogen bromide market forward. Electroetching is a metal etching process that involves the use of an electrolyte solution, an anode, and a cathode, in the case of semiconductors, to create patterns based on their applications. Etching removes material from the surface of a semiconductor. Hydrogen bromide is used in the electronics and semiconductor industries for the etching process of poly-silicon wafers, which are required to manufacture chips and are also used in the production of circuit boards.
Get a sample of the global hydrogen bromide market reportGlobal Hydrogen Bromide Market Segments
The global hydrogen bromide market is segmented:
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
4) By Geography: The regions covered in the hydrogen bromide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global hydrogen bromide market.
Major Hydrogen Bromide Industry Players
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.
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Hydrogen Bromide Market Overview
Hydrogen bromide is an irritating gas that, when dissolved in water, transforms into hydrobromic acid. It is colorless and smells in damp air. Hydrogen bromide (HBr) is used as a catalyst to produce inorganic and organic bromine compounds, as well as zinc, sodium, and calcium bromides.
Hydrogen Bromide Global Market Report 2023 provides data on the global hydrogen bromide market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The hydrogen bromide market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.