Hydrobromic acid is a strong acid. It is prepared by dissolving hydrogen bromide (HBr), a diatomic molecule, in water. Many a time, anhydrous HBr (by the hydrolysis of certain bromides) is prepared at first and then dissolved in distilled water. At other times, electrolytic process is used to produce hydrobromic acid on a large-scale instead of the commercial method that produces the reaction among sulfur, phosphorus, and water to prepare hydrobromic acid.
Hydrogen bromide is a highly corrosive substance. Its prolonged exposure to extreme high temperatures and fire can lead to violent ruptures and even rocketing of the container in such conditions.
Hydrobromic acid is used on a wide scale in industries for the production of inorganic bromides such as bromides of calcium, sodium, and zinc. It is useful for the synthesis of alkyl bromides through the use of alcohol. Hydrobromic acid is used in oxidation processes where peroxides, ketones, and acids are obtained from aliphatic and acyclic hydrocarbons by conversion. It is also used widely as a catalyst in industrial processes such as dehydration, esterification, isomerization, hydration, and even polymerization.
Hydrobromic acid finds a wide range of application as a catalyst in the manufacturing processes of several industries, which is expected to drive the market in the near future. Hydrobromic acid is extensively used in the production of bromides such as calcium bromide, sodium bromides, and zinc bromide. These bromides are further used in various industries; for example, calcium bromide has applications in the medical industry in neuroses medication and in the food industry as food preservatives and freezing mixtures. Sodium bromide is employed in the petroleum industry for the preparation of dense fluids used in oil wells. It also has major application in the medical industry as an anticonvulsant, hypnotic, and sedative. Zinc bromide is used as an electrolyte in zinc bromide batteries. It is also extensively used in the nuclear-energy and nuclear-medicines industries as a transparent shield against radiation through integration in the windows of hot cells (chambers useful for protecting individuals from radioactive isotopes).
Considering the rise in the number of industries wherein hydrobromic acid is used (directly or as a catalyst) in the developed as well as developing countries in the current decade, demand for hydrobromic acid is projected to remain stable.
Despite being highly corrosive, hydrobromic acid cannot be substituted efficiently with another chemical in terms of its catalytic functions. This is a major growth opportunity for hydrobromic acid market during the forecast period.
Asia Pacific, North America, and Europe represent the key markets for hydrobromic acid in the present as well as in the near future. Presently, the hydrobromic acid market is developing rapidly in Asia Pacific, especially in China. As the products obtained by reacting different reagents with hydrobromic acid are being widely used in different industries such as medical, food, nuclear energy, and nuclear medicine, it is estimated that the demand for hydrobromic acid is projected to increase in the developing countries in the near future.
The global hydrobromic acid market is dominated by major players who have presence across the value chain. The hydrobromic acid market is considered a mature and rapidly growing market in China and internationally. Key players operating in the hydrobromic acid market include Albemarle Corporation, Chemtura Corporation, Jordan Bromine Co., Ltd, Tosoh Corporation, Tata Chemicals, Shandong Haiwang Chemical Co., Ltd, Shandong Tianyi Chemicals Co., Ltd, and Shandong Tianxin Chemical Co., Ltd.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.
TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.
Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:
Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.
Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.
Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.