Hydrogen Bromide Market Report 2025

The hydrogen bromide market size has grown strongly in recent years. It will grow from $4.15 billion in 2024 to $4.45 billion in 2025 at a compound annual growth rate (CAGR) of 7.2%. 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 $6.01 billion in 2029 at a compound annual growth rate (CAGR) of 7.8%. 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 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.

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.

The hydrogen bromide market research report is one of a series of new reports 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 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.

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.

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