DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/3xf439/global) has announced the addition of the "Global Hydrobromic Market by Application (Plasma Etching, HBr Flow Battery, PTA Synthesis, Fumigant Synthesis), by Geography - Analysis and Forecast to 2019" report to their offering.
The global hydrobromic acid market is expected to grow at a CAGR of 6.4% from 2014 to 2019.
The Asia-Pacific region holds the largest market share in the hydrobromic acid market, and is expected to grow at a CAGR of 5.2% during the forecast period.
In this report, the hydrobromic acid market has been broadly classified on the basis of application and geography. The application segment is divided into plasma etching, HBR flow battery, PTA synthesis, fumigant synthesis and other application. On the basis of geography, the market is segmented into North America, Europe, Asia-Pacific, and rest of the world.
Plasma etching is the fastest-growing segment that is projected to grow at a CAGR of 7.6% from 2014 to 2019. Factors such as growing manufacturing and pharmaceutical industries, textile, and adhesive industries drive the market growth.
The hydrobromic acid market is a competitive market with a number of market players. As of 2014, Tata Chemicals (INDIA), Tosoh Corporation (Japan), Israel Chemicals (Israel), Jordan Bromine Company (Jordan), Tetra technologies (U.S.), Dow Chemical Company (U.S.), Sanofi S.A. (France), Hindustan Salts limited (India), Albemarle Corporation (U.S.), and Chemtura (U.S.) etc. are the key players.
New product launches & partnerships, agreements, collaborations and joint ventures are the major strategies adopted by most market players to achieve growth in the hydrobromic acid market.
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