Future Business Opportunities in Hydrogen Bromide Market | Trends, and Forecast, 2019 - 2027

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Hydrogen Bromide Market:  Introduction

• Hydrogen bromide is a colorless compound. It is a hydrogen halide due to existing diatomic hydrogen compound boding with bromine. Hydrogen bromide is produced by combining hydrogen and bromine at 200⁰ C temperature. Hydrogen bromide is a water soluble gas, which exits in the aqueous solution form. The anhydrous and aqueous solution of hydrogen bromide is used in the production of 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 different industrial gases. Hydrogen bromide is an essential regent for the synthesis of inorganic and organic bromide compound. It is highly used with the combination of hydrogen chloride for the plasma etching application of poly-silicon and in other etching processes.
• There has been a high demand for hydrogen bromide due to significant growth of the electronics industry. Hydrogen bromide finds vital application in semiconductor, printed circuit board, and microchips. It is also used in the other industries such as construction, automotive, water treatment, oil & gas, and pharmaceutical.

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Key Drivers of Hydrogen Bromide Market

• Rise in demand for plasma etching process, especially in the electronics industry for use in semiconductor applications is anticipated to fuel the demand for hydrogen bromide in the near future. Hydrogen Bromide has key application of plasma etching, which is essential for enhancing the properties of semiconductors.
• Hydrogen bromide is also used in the flow battery application, owing to its reliable source for large-scale energy storage properties. It is used for energy storage due to its fast kinetics and capability to perform highly reversible reactions. This factor is projected to boost the demand for hydrogen bromide during the forecast period.
•  Increase in demand for high power batteries to fulfill energy requirements is a key factor projected to drive the hydrogen bromide market during the forecast period. Power & energy applications such wind power, solar power, and other renewable resources are likely to fuel the growth of the hydrogen bromide market in the near future.

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Electronics End-use Industry Segment to Offer Attractive Opportunities

• Hydrogen bromide is used in etching process of poly-silicon wafers, which is used to manufacture chips in the semiconductor industry. In addition, it also finds application in the production of several circuit boards across the industry. This factor is likely to drive the hydrogen bromide market.
• The pharmaceutical industry uses hydrogen bromide in specific chemical content of medicines. Rise in demand for effective therapeutics across the globe is projected to propel the demand for hydrogen bromide during the forecast period.

Poisonous Nature of Hydrogen Bromide to Hamper Market

• Hydrogen bromide has pungent odor. The U.S. Code of Federal Regulations under the purview of 49 CFR 173.115 has declared hydrogen bromide as a poisonous gas. Regulations also suggested following safety measures by companies supplying and dealing with the compound. This may hamper expansion of the hydrogen bromide market during the forecast period.
• Hydrogen bromide can cause eye irritation and breathing problems. This may cause adverse effects on the human body after prolonged exposure of the hydrogen bromide gas. It is highly corrosive in nature and heavier than air. These are key restraining factors for the hydrogen bromide market.

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Asia Pacific to Lead Global Hydrogen Bromide Market

• In terms of region, the hydrogen bromide market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
• Asia Pacific is expected to be the leading consumer of hydrogen bromide, followed by North America and Europe. Rise in demand for electronic chips in China, Japan, and South Korea is expected to create high demand for hydrogen bromide during the forecast period.
• Demand for advanced semiconductors in the electronics  industry of developing economies of the Asia Pacific region, such as China, India, and Indonesia, is expected to create lucrative opportunities for the producers of hydrogen bromide operating in the region
• Expansion of pharmaceutical industry in developing economies of Asia Pacific is anticipated to fuel the growth of the hydrogen bromide market in the region during the forecast period. Moreover, rise in demand for reducing agent for use in industrial applications, such as organic and inorganic reactions is estimated to drive the hydrogen bromide market in North America and Europe.
• Import of hydrogen bromide in Latin America and Middle East & Africa is likely to boost its demand in both the regions during the forecast period

Key Players Operating in Global Market

The global hydrogen bromide market has presence of several major and domestic hydrogen bromide producing companies with operations worldwide. Some of the key players operating in the hydrogen bromide market include:

• Praxair, Inc.
• LANXESS Group
• Showa Denko
• Albemarle Corporation
• Neogen Chemical Limited
• Chevron Phillips Chemical Company
• Sontara Organo Industries.
• Others

Global Hydrogen Bromide Market: Research Scope

Global Hydrogen Bromide Market, by End-use Industry

• Oil & Gas
• Chemical
• Automotive
• Electronics
• Construction
• Agriculture
• Textile
• Others (Water treatment)

Global Hydrogen Bromide Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Russia & CIS
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • ASEAN
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

Companies in the Hydrogen Bromide market have increasingly shifted gears with wide application of digital technology across the continuum, from raw material sourcing to manufacturing to generation of final output, to warehousing to final distribution operations. Among the various affects, the market is witnessing new growth economics due to thinning of line between specialty and commodity businesses that are associated with the larger ecosystem. At the same time, new growth parameters are being vigorously being debated as industry stakeholders put greater emphasis on the circular economy processes. 

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