Global Hydrobromic Acid Market Growth 2023-2029

Global Hydrobromic Acid Market Growth 2023-2029

Hydrobromic acid is a type of clear or yellowish liquid containing hydrogen bromide and water. The acid is commercially available in concentrations of 48% and 62%.

Hydrobromic acid can be used in the preparation of various chemical intermediates, synthetic dyes, drugs, perfumes and bromides.

LPI (LP Information)' newest research report, the “Hydrobromic Acid Industry Forecast” looks at past sales and reviews total world Hydrobromic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Hydrobromic Acid sales for 2023 through 2029. With Hydrobromic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hydrobromic Acid industry.

This Insight Report provides a comprehensive analysis of the global Hydrobromic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hydrobromic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Hydrobromic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hydrobromic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hydrobromic Acid.

The global Hydrobromic Acid market size is projected to grow from US$ 820.2 million in 2022 to US$ 1385.7 million in 2029; it is expected to grow at a CAGR of 1385.7 from 2023 to 2029.

Israel is the largest Hydrobromic Acid market with about 28% market share. North America is follower, accounting for about 26% market share.

The key players are ICL-IP, Albemarle, Lanxess, Jordan Bromine, Tosoh, Tata Chemicals, Haiwang Chemical, Shouguang Weidong Chemical, Shandong Tianyi Chemicals, Shandong Tianxin Chemical, Weifang Longwei, Haoyuan Group etc. Top 3 companies occupied about 64% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Hydrobromic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

48% HBr

62% HBr

Others

Segmentation by application

Inorganic Bromides

Organic Bromine

Pharmaceuticals

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

ICL-IP

Albemarle

Lanxess

Jordan Bromine

Tosoh

Tata Chemicals

Haiwang Chemical

Shouguang Weidong Chemical

Shandong Tianyi Chemicals

Shandong Tianxin Chemical

Weifang Longwei

Haoyuan Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Hydrobromic Acid market?

What factors are driving Hydrobromic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Hydrobromic Acid market opportunities vary by end market size?

How does Hydrobromic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.