The hydrogen bromide market attained $4.0 billion in 2021, and is projected to reach $6.3 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.
Hydrogen bromide is an inorganic compound with the formula HBr. It is a hydrogen halide made up of both, bromine and hydrogen. It is a colorless gas that dissolves in water to create hydrobromic acid, which, at room temperature, is saturated with 68.85% HBr by weight. A constant-boiling azeotrope mixture made up of aqueous solutions containing 47.6% HBr by mass boils at 124.3 °C until the composition of the mixture is constant, boiling less concentrated solutions releases water. Hydrogen and bromine are mixed at temperatures between 200°C and 400°C to form hydrogen bromide and hydrobromic acid during the industrial preparation process. Usually, platinum or asbestos is used to accelerate the process. By distilling a solution of sodium bromide or potassium bromide with phosphoric acid or sulfuric acid, HBr can be made in the laboratory. On a smaller scale, triphenyl phosphonium bromide can also be thermolyzed in xylene, which is refluxing to create anhydrous hydrogen bromide. All these methods for producing hydrogen bromide can result in Br2 contamination, which can be eliminated by passing the gas through copper turnings or copper gauze at high temperatures, or by passing it through a phenol solution in tetrachloromethane or another suitable solvent at room temperature (producing 2,4,6-tribromophenol and more HBr in the process). As a solvent, hydrogen bromide is used to produce a variety of compounds and medications. It is primarily utilized to create inorganic bromides, particularly sodium, calcium, and zinc bromides, which are employed in chemically synthesizing fire retardants, industrial drying, textile finishing, engraving, and lithography, as well as photography, medicines, and industrial drying.
Hydrogen bromide is widely used because of its electronic applications for both, small and large consumer electronics devices, such as massagers, vacuum cleaners, refrigerators, washing machines, vacuums, computers, phones, smoke detectors, electric tools, and lamps. This is due to the growing demand from the electronic sector and its use due to digitization. In addition, it is used in the production of brominated fluorocarbons for aerosols, refrigeration, and fire extinguisher. Diluted HBr is utilized in holography, cleaning supplies and household care, and pharmaceutical industry, for use in the specific chemical composition of drugs. The global hydrogen bromide market is expected to increase in the near future due to favorable regulations on the use of bromine, due to its harmless nature in the atmosphere. Hydrogen bromide finds its application in oil and gas drilling operations, and the growing oil and gas industry is expected to further drive the global hydrogen bromide market growth.
The market for hydrogen bromide is diminishing as a result of its increasing restrictions, as it can cause a variety of harmful health impacts from inhalation, whether the exposure is short-term or long-term. Dermatitis may develop after prolonged exposure to high doses. Laryngeal spasm and pulmonary edema are frequent side effects of severe exposures. Ingestion results in stomach and mouth burning. If an individual inhales phosphorus tribromide and hydrogen bromide accidently, it results in the formation of lung infiltrates compatible with chemical pneumonitis. Several people developed acute pneumonitis and reactive airways dysfunction syndrome after taking a hot tub bath. The main factors restraining the market's growth are huge danger of substitution and the environmental issues associated with the use of hydrogen bromide. Due to the recent global chip shortage, there is a wide spectrum of opportunities for expansion of the hydrogen bromide market. Hydrogen bromide is used in the etching process of polysilicon wafers, which are used to make chips in the semiconductor industry. Besides, it is also used in the production of some industrial printed circuit boards. With the development of electronics and construction industries, the demand for bromine-based flame retardant application is expected to increase. China is one of the main markets for zinc-bromine batteries, due to the growth of the electric vehicle market in the region. This factor is likely to provide lucrative opportunities to the hydrogen bromide market. Rise in demand for effective treatments globally is also expected to drive the demand for hydrogen bromide during the forecast period.
High demand for hydrogen bromide is anticipated during the forecast period due to increase in demand for electronic chips in Japan and South Korea. The need for advanced semiconductors in the electronics sector of rising countries in the Asia-Pacific area, including China, India, Indonesia, Japan, and South Korea, is expected to present profitable prospects for the region's hydrogen bromide producers.
The hydrogen bromide market is segmented into application, end-use industry, and region. Depending on application, it is categorized into biocides, flame retardants, catalyst, oil and gas drilling, polysilicon etching, and others. On the basis of end-use industry, it is categorized into automotive, water treatment, electronics, construction, agriculture, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global hydrogen bromide market include, Air Liquide, Albemarle Corporation, Bhavika Chemicals Corporation, Chevron Phillips Chemical Company LLC, Gulf Resources, Inc., LANXESS, Linde plc, MATHESON TRI-GAS, INC, Neogen Chemical Ltd, Showa Denko K.K, Sontara Organo Industries, Tata Chemicals Ltd, Tosoh Corporation, Triveni Interchem Private Limited, and Verni Gas Corporation. Other players operating in the market are Praxair, Inc., Chemtura Corporation, NRS Chemicals LLP, and Astitva Chemicals.
Hydrogen bromide is an inorganic compound with the formula HBr. It is a hydrogen halide made up of both, bromine and hydrogen. It is a colorless gas that dissolves in water to create hydrobromic acid, which, at room temperature, is saturated with 68.85% HBr by weight. A constant-boiling azeotrope mixture made up of aqueous solutions containing 47.6% HBr by mass boils at 124.3 °C until the composition of the mixture is constant, boiling less concentrated solutions releases water. Hydrogen and bromine are mixed at temperatures between 200°C and 400°C to form hydrogen bromide and hydrobromic acid during the industrial preparation process. Usually, platinum or asbestos is used to accelerate the process. By distilling a solution of sodium bromide or potassium bromide with phosphoric acid or sulfuric acid, HBr can be made in the laboratory. On a smaller scale, triphenyl phosphonium bromide can also be thermolyzed in xylene, which is refluxing to create anhydrous hydrogen bromide. All these methods for producing hydrogen bromide can result in Br2 contamination, which can be eliminated by passing the gas through copper turnings or copper gauze at high temperatures, or by passing it through a phenol solution in tetrachloromethane or another suitable solvent at room temperature (producing 2,4,6-tribromophenol and more HBr in the process). As a solvent, hydrogen bromide is used to produce a variety of compounds and medications. It is primarily utilized to create inorganic bromides, particularly sodium, calcium, and zinc bromides, which are employed in chemically synthesizing fire retardants, industrial drying, textile finishing, engraving, and lithography, as well as photography, medicines, and industrial drying.
Hydrogen bromide is widely used because of its electronic applications for both, small and large consumer electronics devices, such as massagers, vacuum cleaners, refrigerators, washing machines, vacuums, computers, phones, smoke detectors, electric tools, and lamps. This is due to the growing demand from the electronic sector and its use due to digitization. In addition, it is used in the production of brominated fluorocarbons for aerosols, refrigeration, and fire extinguisher. Diluted HBr is utilized in holography, cleaning supplies and household care, and pharmaceutical industry, for use in the specific chemical composition of drugs. The global hydrogen bromide market is expected to increase in the near future due to favorable regulations on the use of bromine, due to its harmless nature in the atmosphere. Hydrogen bromide finds its application in oil and gas drilling operations, and the growing oil and gas industry is expected to further drive the global hydrogen bromide market growth.
The market for hydrogen bromide is diminishing as a result of its increasing restrictions, as it can cause a variety of harmful health impacts from inhalation, whether the exposure is short-term or long-term. Dermatitis may develop after prolonged exposure to high doses. Laryngeal spasm and pulmonary edema are frequent side effects of severe exposures. Ingestion results in stomach and mouth burning. If an individual inhales phosphorus tribromide and hydrogen bromide accidently, it results in the formation of lung infiltrates compatible with chemical pneumonitis. Several people developed acute pneumonitis and reactive airways dysfunction syndrome after taking a hot tub bath. The main factors restraining the market's growth are huge danger of substitution and the environmental issues associated with the use of hydrogen bromide. Due to the recent global chip shortage, there is a wide spectrum of opportunities for expansion of the hydrogen bromide market. Hydrogen bromide is used in the etching process of polysilicon wafers, which are used to make chips in the semiconductor industry. Besides, it is also used in the production of some industrial printed circuit boards. With the development of electronics and construction industries, the demand for bromine-based flame retardant application is expected to increase. China is one of the main markets for zinc-bromine batteries, due to the growth of the electric vehicle market in the region. This factor is likely to provide lucrative opportunities to the hydrogen bromide market. Rise in demand for effective treatments globally is also expected to drive the demand for hydrogen bromide during the forecast period.
High demand for hydrogen bromide is anticipated during the forecast period due to increase in demand for electronic chips in Japan and South Korea. The need for advanced semiconductors in the electronics sector of rising countries in the Asia-Pacific area, including China, India, Indonesia, Japan, and South Korea, is expected to present profitable prospects for the region's hydrogen bromide producers.
The hydrogen bromide market is segmented into application, end-use industry, and region. Depending on application, it is categorized into biocides, flame retardants, catalyst, oil and gas drilling, polysilicon etching, and others. On the basis of end-use industry, it is categorized into automotive, water treatment, electronics, construction, agriculture, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global hydrogen bromide market include, Air Liquide, Albemarle Corporation, Bhavika Chemicals Corporation, Chevron Phillips Chemical Company LLC, Gulf Resources, Inc., LANXESS, Linde plc, MATHESON TRI-GAS, INC, Neogen Chemical Ltd, Showa Denko K.K, Sontara Organo Industries, Tata Chemicals Ltd, Tosoh Corporation, Triveni Interchem Private Limited, and Verni Gas Corporation. Other players operating in the market are Praxair, Inc., Chemtura Corporation, NRS Chemicals LLP, and Astitva Chemicals.
IMPACT OF COVID-19 ON THE GLOBAL HYDROGEN BROMIDE MARKET
- COVID-19 has spread across the globe and effected almost all aspects of life.
- Some major economies that have suffered severely from the COVID-19 crisis include, Germany, France, Italy, Spain, UK, and Norway.
- Due to lockdown and other restrictions imposed by governments to prevent the spread of infections, there was a shortage of raw supplies as well as manpower, further harming the supply chain for the market.
- Due to a lack of raw materials and interruptions in the supply chain, supplier contracts were terminated to reduce expenses. Due to reasons like the stoppage of construction, automotive, electrical operations, supply chain constraints, and a temporary halt in production, the demand from building and construction, automotive industries decreased.
- However, after the pandemic, as the supply chains return to normal after the restrictions were lifted, market participants in this market have explored for measures to minimize the pandemic's impact on their business.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hydrogen bromide market analysis from 2021 to 2031 to identify the prevailing hydrogen bromide market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hydrogen bromide market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hydrogen bromide market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Biocides
- Flame Retardants
- Catalyst
- Oil and Gas Drilling
- Polysilicon Etching
- Others
By End-use Industry
- Water Treatment
- Electronics
- Construction
- Agriculture
- Automotive
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest Of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest Of LAMEA
Key Market Players
- Air Liquide
- Albemarle Corporation
- Bhavika Chemicals Corporation
- Chevron Phillips Chemical Company LLC
- Gulf Resources Inc.
- Lanxess
- Linde plc
- MATHESON TRI-GAS
- Neogen Chemical Ltd
- showa denko k.k.
- Sontara Organo Industries
- Tata Chemicals Ltd
- TOSOH CORPORATION
- Triveni Interchem Private Limited
- Verni Gas Corporation
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HYDROGEN BROMIDE MARKET, BY TYPE
CHAPTER 5: HYDROGEN BROMIDE MARKET, BY END-USE INDUSTRY
CHAPTER 6: HYDROGEN BROMIDE MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Hydrogen Bromide Market," the hydrogen bromide market was valued at $4.0 billion in 2021, and is estimated to reach $6.3 billion by 2031, growing at a CAGR of 4.9% from 2022 to 2031.Hydrogen bromide is a colorless compound. It is a hydrogen halide due to the existing diatomic hydrogen compound bonded to bromine. Hydrogen bromide is produced by combining hydrogen and bromine at a temperature of 200 C. Hydrogen bromide is a water-soluble gas in the form of an aqueous solution. Anhydrous solutions of hydrogen bromide are used to produce several gases, including bromide compounds. Hydrogen bromide is widely used as a catalyst as well as a reducing agent in a number of organic and inorganic chemical reactions. It is widely used in the preparation of various industrial gases. Hydrogen bromide is an essential regent for the synthesis of inorganic and organic bromide compounds. It is widely used in combination with hydrogen chloride for polysilicon plasma etching and in other corrosive processes.
Hydrogen bromide exhibits the following important applications:
HBr is used in the production of organic bromide, such as methyl bromide and bromoethane.
Inorganic production, such as sodium bromide, potassium bromide, and lithium bromide.
It is also used in pharmaceutical applications and synthesis of sedatives and anesthetics.
It is used in industrial drying, textile finishing, coatings, and surface treatments.
It is also used to etch polysilicon sheets for the manufacture of computer chips.
Hydrogen bromide is a good solvent for certain metal ores used in high-purity metallurgy.
It is used as a separation of alkoxy and phenoxy compounds.
It is also used in synthetic dyes and spices.
It is used as an analytical reagent in the determination of sulfur, selenium, iron, and zinc.
It is also effective in the extraction of some metallic minerals.
Owing to these applications, hydrogen bromide is used in a wide range of industries, including flame-retardants, pharmaceuticals, pesticides, water purification compounds, dyes, sanitizers, oil and natural gas drilling, and other sectors.
Hydrogen bromide is majorly used in flame control management and there is increasing demand for flame retardants due to stringent fire safety standards as a major growth opportunity. Each year, fire-related incidents cause billions of dollars' worth of property loss globally. Insurance companies must spend a large amount of their profits on resolving claims for damaged property, destroyed infrastructure, and lost lives. As a result, substances like anti-inflammatory drugs and flame retardants are essential since they lower the risk of fire in practically every produced good. Flame retardants prevent fires by delaying combustion by forming a layer of free radicals. They release carbon dioxide or free radicals that combine with oxygen molecules, thus stopping oxidation. Manufacturers of automobiles, electronics, consumer goods, and textiles must comply with the fire safety regulations of their respective countries. As a result, these safety standards and regulations have increased the demand for flame retardants globally. Hydrogen bromide is a dangerous substance that should be handled with caution. The market for hydrogen bromide could also be hampered by occupational hazards. These factors, along with the fact that shipping hydrobromic acid is expensive because of its powerful acidic nature and the caution that must be exercised when handling acids, restrain the global hydrogen bromide market. Heating hydrogen bromide increases the pressure and causes it to burst. In addition, there is a risk of explosion and fire when it comes into contact with metal. In the etching process for poly-silicon wafers, which are used to make chips in the semiconductor industry, hydrogen bromide is employed. In addition, it is used in the manufacturing of numerous circuit boards across the sector. This factor will certainly provide lucrative opportunity to the hydrogen bromide market. Hydrogen bromide is used in specific chemical components of medicines by the pharmaceutical sector. During the forecast period, increase in demand for efficient therapies is anticipated to provide opportunities hydrogen bromide.
Growing bromine consumption in major industries, such as electronics, oil and gas, agriculture, automotive, and construction, as well as increased demand for flame retardants in automobiles and construction & insulation in Japan and South Korea, will drive the region's hydrogen bromide market growth during the forecast period.
The hydrogen bromide market is segmented into application, end-use industry, and region. Depending on application, it is categorized into biocides, flame retardants, catalyst, oil and gas drilling, polysilicon etching, and others. On the basis of end-use industry, it is categorized into automotive, water treatment, electronics, construction, agriculture, and others. Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
The major players operating in the global hydrogen bromide market are Air Liquide, Albemarle Corporation, Bhavika Chemicals Corporation, Chevron Phillips Chemical Company LLC, Gulf Resources, Inc., LANXESS, Linde plc, MATHESON TRI-GAS, INC, Neogen Chemical Ltd, Showa Denko K.K, Sontara Organo Industries, Tata Chemicals Ltd, Tosoh Corporation, Triveni Interchem Private Limited, and Verni Gas Corporation.
Other players operating in the Hydrogen bromide market are Praxair, Inc., Chemtura Corporation, NRS Chemicals LLP, and Astitva Chemicals.
Key Findings of the Study
- The report outlines the current Hydrogen bromide market trends and future scenario of the market from 2022 to 2031 to understand the prevailing opportunities and potential investment pockets.
- The market size is provided in terms of revenue.
- On the basis of application, the others segment is expected to grow at a CAGR of 6.6%, in terms of revenue, during the forecast period.
- Depending on end-use industry, the electronics segment is expected to grow at a CAGR of 5.6%, in terms of revenue, during the forecast period.
- By region, Asia-Pacific dominated the market with highest revenue shares of $ 2088.8 million in 2021.
- Japan and South Korea Overview
- The demand for hydrogen bromide is being driven primarily by its increasing use in China, South Korea, Japan, and India. Rising infrastructure development and middle-class disposable income in South Korea and Japan have increased demand for flame retardants, which are widely used in insulation and the fabrication of plastic and electronic components.
- The expansion of the pharmaceutical industry in Japan and South Korea is expected to drive the region's hydrogen bromide market during the forecast period.
- Furthermore, the hydrogen bromide market in Japan and South Korea is expected to be driven by an increase in demand for reducing agents for use in industrial applications such as organic and inorganic reactions.
IMPACT OF COVID-19 ON THE GLOBAL HYDROGEN BROMIDE MARKET
- COVID-19 has spread across the globe and effected almost all aspects of life.
- Some major economies that have suffered severely from the COVID-19 crisis include, Germany, France, Italy, Spain, UK, and Norway.
- Due to lockdown and other restrictions imposed by governments to prevent the spread of infections, there was a shortage of raw supplies as well as manpower, further harming the supply chain for the market.
- Due to a lack of raw materials and interruptions in the supply chain, supplier contracts were terminated to reduce expenses. Due to reasons like the stoppage of construction, automotive, electrical operations, supply chain constraints, and a temporary halt in production, the demand from building and construction, automotive industries decreased.
- However, after the pandemic, as the supply chains return to normal after the restrictions were lifted, market participants in this market have explored for measures to minimize the pandemic's impact on their business.
Companies Mentioned
- Air Liquide
- Albemarle Corporation
- Bhavika Chemicals Corporation
- Chevron Phillips Chemical Company LLC
- Gulf Resources Inc.
- Lanxess
- Linde plc
- Matheson Tri-Gas
- Neogen Chemical Ltd
- Showa Denko K.K.
- Sontara Organo Industries
- Tata Chemicals Ltd
- Tosoh Corporation
- Triveni Interchem Private Limited
- Verni Gas Corporation
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 4 billion |
| Forecasted Market Value ( USD | $ 6.3 billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
