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Hydrogen Bromide Global Market Report 2024 Global Market Analysis, Trends, Growth, Research And Forecast 2033
Hydrogen Bromide Global Market
As per the report, the hydrogen bromide market size has grown strongly in recent years. It will grow from $3.89 billion in 2023 to $4.18 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. 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%.
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Hydrogen Bromide Market Thrives On Surging Demand From Electronics And Semiconductor Industry
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.
Albemarle Corporation's Pioneering Action+ Catalyst Technology Revolutionizes Hydrogen Bromide Market
Technological innovations have emerged as a key trend gaining popularity in the hydrogen bromide market. Major companies operating in the hydrogen bromide market are developing innovative technologies to strengthen their position in the market. For instance, in October 2021, Albemarle Corporation, a US-based global specialty chemicals company, launched ACTION+ catalyst technology. The unique features of ACTION+ catalyst technology include ZT-500, a new, innovative, Y-zeolite stabilization system. ZT-500 provides maximum LPG olefinic with unrivaled butylene/propylene selectivity by minimizing hydrogen transfer reactions and retaining those species that enhance gasoline octane.
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
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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
Contents of the report:
1. Executive Summary
2. Hydrogen Bromide Market Report Structure
3. Hydrogen Bromide Market Trends And Strategies
4. Hydrogen Bromide Market - Macro Economic Scenario
5. Hydrogen Bromide Market Size And Growth
…..
27. Hydrogen Bromide Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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