The hydrogen bromide market size is expected to see strong growth in the next few years. It will grow to $5.52 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. 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.
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Segmentation & Regional Insights
The hydrogen bromide market covered in this report 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
Asia-Pacific was the largest region in the hydrogen bromide market share in 2023. The regions covered in the hydrogen bromide market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
Increasing demand from the electronics and semiconductor industry is expected to propel the hydrogen bromide market going forward. Electro etching 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.
Key Industry Players
Major companies operating in the hydrogen bromide market report 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, Merck & Co. Inc., Sigma-Aldrich Co. LLC, Thermo Fisher Scientific Inc., Verni Gas Corporation, Showa Denko K. K., Chemtura Corporation, Jiangsu Lanfeng Biochemical Co. Ltd., Astitva Chemicals, Arkema S.A., Honeywell International Inc., EssentialCo., Sontara Organo Industries, Johnson Matthey group, Tosoh Corporation, Tokyo Chemical Industry Co. Ltd., Jiangsu Furen Group, Avantor Inc., Denko Corporation
The hydrogen bromide market report table of contents includes:
1. Executive Summary
2. Hydrogen Bromide Market Characteristics
3. Hydrogen Bromide Market Trends And Strategies
4. Hydrogen Bromide Market – Macro Economic Scenario
5. Global Hydrogen Bromide Market Size and Growth
…………………..
31. Global Hydrogen Bromide Market Competitive Benchmarking
32. Global Hydrogen Bromide Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Hydrogen Bromide Market
34. Hydrogen Bromide Market Future Outlook and Potential Analysis
35. Appendix
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