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Hydrobromic Acid

Hydrobromic Acid Prices Overview

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Market Overview

Quarterly Update on Global Hydrobromic acid Market

For the Quarter Ending December 2020

Asia

In Q4 of 2020 the market sentiments for Hydrobromic Acid remained mixed throughout the quarter amidst its stagnated demand and scarce availability. In October 2020, the demand of hydrobromic remained low due to the large number of stocks available. However, traders remained optimistic that the Asian Hydrobromic market will revive in the upcoming days due to cold weather. As per market expectations, the demand for hydrobromic acid from November 2020 to December 2020 witnessed upward trajectory due to less availability of brine solution which is a feedstock for hydrobromic acid. The CFR JNPT prices for Hydrobromic Acid for quarter ending December 2020 average at USD 1693.57 per MT.

Europe

Europe is amongst a major contributor in the Hydrobromic Acid industry following Asia Pacific and North America. In the European region, prices of Hydrobromic Acid increased slightly from the beginning of Q4 as the price of brine solution which is a feedstock in the Hydrobromic Acid were also high due to its scarce availability in the winter season. Since Hydrobromic acid is used in automotive industry too, which is already an established sector in Europe thus demand of Hydrobromic Acid is expected to gradually pick up the pace with revival in the economy.

North America

In North America, US is a major manufacturer of the hydrobromic acid. Fluctuation in the prices of the brine solution in the US due to winter season, directly impacted the prices of Hydrobromic Acid across North America. Amidst increasing use of Hydrobromic Acid and bromide solution in medical industry an appreciable was witnessed in the quarter ending December 2020. And they do not have any alternate in the market thus consumers are forced to buy it at high price.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Hydrobromic Acid is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Hydrobromic Acid market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Hydrobromic acid manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Hydrobromic acid market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Hydrobromic acid market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Hydrobromic acid are analyzed and region-wise demand pattern is tracked.

About

Hydrobromic Acid is a colourless or light-yellow liquid formed by the combination of a single atom of hydrogen and bromine. It has a boiling point of 120˚C and melting point -110˚C. It is synthesized by dissolving gaseous hydrogen bromide (48%) in water (62%). Due to its catalytic properties, Hydrobromic Acid is used in extraction of most of the metals. Hydrobromic acid is also used to manufacture organic or inorganic bromides such as Calcium Bromide, Sodium Bromide and Zinc Bromide. Sodium Bromide is used in medical industry to make anticonvulsant, hypnotic, and sedative. Calcium bromide is used in food industry as preservative whereas Zinc bromide is used in automobile industry to manufacture zinc batteries. Even after being highly corrosive in nature, Hydrobromic Acid cannot be replaced as a catalyst in the industries, that creates abundant opportunities for its market growth.

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Hydrobromic Acid Prices Overview