Hydrobromic Acid Prices

Hydrobromic Acid Prices September 2024

The hydrobromic acid prices in China for Q3 2024 reached 2071 USD/MT in September. China witnessed a notable price decline, driven by weak customer demand and oversupply. Increased inventory levels, combined with lowered support from upstream Bromine markets, intensified the descending price pressure. The pharmaceutical industry struggled with sluggish consumption, influencing the overall market decline.

Hydrobromic Acid Prices June 2024

During Q2 2024, hydrobromic acid prices in China reached 2071 USD/MT in June. China experienced a steady decline in hydrobromic acid prices due to oversupply, weak demand, and economic uncertainties. China's market, particularly affected, faced major price dips, driven by less industrial activities, along with ongoing supply chain disruptions.

Hydrobromic Acid Prices March 2024

By March 2024, hydrobromic acid prices in China increased to 2262 USD/MT in the initial quarter. Adequate stock levels and steady costs for bromine from suppliers played a part in maintaining this stability. Although production costs went up slightly, causing a small price hike, the overall demand stayed moderate, thus maintaining relatively stable market transactions.

Hydrobromic Acid Prices December 2023

Hydrobromic acid prices in China for Q4 2023 closed at 2470 USD/MT in December. The market saw a minor decline in prices compared to the previous quarter. This decrease was largely driven by the accumulation of product inventories within the domestic market, which created challenging market conditions.

Regional Coverage

The report provides a detailed analysis of the hydrobromic acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the hydrobromic acid price trend.

Global Hydrobromic Acid Price

The report offers a holistic view of the global hydrobromic acid pricing trends in the form of hydrobromic acid price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights the current price but also provides insights into hydrobromic acid historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into hydrobromic acid price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed hydrobromic acid demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Hydrobromic Acid Price

Q3 2024:

During the third quarter of 2024, the market across Europe witnessed a descending pricing trend, primarily owing to various significant trends. A decline in the demand for hydrobromic acid from key downstream industries, such as specialty chemicals and flame retardants, created an oversupply in the market, placing descending strain on prices. At the same time, increased manufacturing from major manufacturers and the availability of plenty of material further intensified the pricing challenges. Geopolitical conflicts and regional supply interferences added to the uncertainty, affecting market stability. Overall, the market eventually faced a price decline, reflecting a negative sentiment owing to competitive supply dynamics and reduced demand. The quarter's conclusion highlighted the ongoing volatility and the difficulty producers faced in navigating these challenging conditions.

Q2 2024:

During Q2 2024, Europe’s market witnessed fluctuations, influenced by lower bromine prices and geopolitical disturbances affecting supply chains. Elevated shipping costs, worsened by numerous issues across the Middle East, interfered with major maritime routes. Demand stayed low as downstream sectors struggled with excess inventory and sluggish new orders. Germany's economic rebound showed little progress, constrained by high borrowing rates and weak internal demand, which further impacted market activity. In general, the European market struggled to sustain stability amidst these challenges.     

Q1 2024:

During Q1 2024, Europe’s market faced price instability driven by various supply and demand dynamics. Supply disruptions stemmed from reduced price backing from upstream bromine and rising transportation costs, compounded by international conflicts that disrupted key maritime routes including Suez Canal. The downstream sectors continued to experience weak demand, with elevated inventory levels hindering fresh orders. Germany's sluggish economic rebound, characterized by high borrowing rates as well as subdued domestic demand, further constrained market activity, resulting in reduced trade and limited transactions during the period.  

Q4 2023:

The European market in Q4 2023 was marked by fluctuating prices amid variable manufacturing expenses, high inventories, and faint demand. The unstable feedstock bromine sector further complicated pricing. Downstream sectors, including chemicals and solvents, saw reduced activity, while economic concerns pressured the broader chemical market. The combination of declining profits intensified global competition, and holiday-related destocking contributed to continued price drops and market instability across the region.

This analysis can be extended to include detailed hydrobromic acid price information for a comprehensive list of countries.

North America Hydrobromic Acid Price

Q3 2024:

During the third quarter of 2024, the market in North America witnessed a significant price decline, with the USA being particularly impacted. Several trends led to this drop, incorporating weakened demand for hydrobromic acid from key sectors including chemical intermediates and flame retardants, both within North America and globally. This demand reduction was exacerbated by the ample supply of materials in consumer markets, which further limited consumption. In line with this, lower customer spending across the United States affected the hydrobromic acid market dynamics. The ongoing geopolitical situation in the Middle East disrupted imports, adding further strain on the market dynamics. As a result, prices in comparison to the same quarter the previous year showed a substantial decrease, reflecting the tough market conditions in North America.

Q2 2024:

During the second quarter of 2024, the market in North America encountered difficulties owing to weak demand from critical industries, including chemical production and solvents. Excess supply resulted in inventory reductions, leading to lower domestic output. The market was further impacted by sluggish international demand and reduced backing from upriver bromine. Even with economic growth and escalated consumer spending, imports were restricted by cross-border conflicts in the Middle East. By the quarter-end, prices had stabilized, but the market continued to be affected by logistical challenges and unstable global trade conditions.  

Q1 2024:

During Q1 2024, the North American market experienced a decrease in prices as a result of weak demand from sectors such as chemical and solvents. Local producers decreased production in response to surplus supply and inventory reductions, with the added challenge of weak international orders exacerbating the situation. Even though prices settled by the last quarter, the market forecast stayed relatively consistent. Affected by changes across the bromine market, prices showed significant volatility, despite a slight increase in positive consumer outlook during continued economic uncertainty.    

Q4 2023:

In Q4 2023, the North America hydrobromic acid market saw declining prices due to oversupply and reduced demand from solvents and chemicals sectors. Inventory destocking by end users led to decreased local manufacturing output. Although prices become constant by the quarter's end, the market was heavily affected by the feedstock bromine sector. Despite a stable market outlook, concerns about inflation and recession persisted, reflecting ongoing challenges in the industry.

Specific hydrobromic acid historical data within the United States and Canada can also be provided.

Middle East and Africa Hydrobromic Acid Price

The report explores the hydrobromic acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on hydrobromic acid prices for countries can also be provided.

Asia Pacific Hydrobromic Acid Price

Q3 2024:

The Asia Pacific market during the third quarter of 2024 witnessed a sharp drop in prices, influenced by a combination of weak demand and oversupply. The sluggish customer demand, particularly from sectors like pharmaceuticals, led to high inventory levels, further driving prices down. Challenges across the pharmaceutical industry compounded these issues, as the sector struggled with lower consumption rates. Additionally, the upstream Bromine market provided little support, intensifying the downward price pressure. The region experienced a consistent bearish trend, with prices showing significant declines when compared to both the previous quarter and the same period in the prior year. These market dynamics, including oversupply and slow demand, resulted in a sustained pricing decline throughout the quarter.

Q2 2024:

During the second quarter of 2024, the market in the Asia Pacific (Asia Pacific) region saw a slow decrease in sales due to excess supply and low requirement from overseas markets. Industries further along in the production process, such as manufacturing, experienced a decrease in consumption, resulting in elevated stock levels. Midway through the month, additional charges during the busiest time of year caused pricing difficulties despite consistent freight expenses during the beginning of Q2 2024. China experienced major price drops due to decreased industrial activities and an economic slowdown, especially. The pessimistic market outlook emphasized the continuing challenges in the industry.    

Q1 2024:

In the Asia-Pacific region, the prices remained steady in the first quarter of 2024 due to adequate inventory levels and continued demand from important industries, including chemical manufacturing and petroleum purifying. Demand in these sectors has mostly been moderate to robust, which has attributed to stable pricing. In China, a minor spike in prices was noticed due to rising production costs resulting from higher bromine prices. However, demand in general stayed at a moderate level. Minimal volatility was observed in the pricing aspect of the region, backed by steady market conditions.           

Q4 2023:

In Q4 2023, the Asia Pacific hydrobromic acid market faced bearish conditions due to sufficient supply and accumulating inventories. Although the local manufacturing was efficient, the market saw price volatility driven by a buildup of product stock. Prices showed slight declines when compared to the previous quarter, with a more significant drop compared to the previous year. The market's pricing trend reflected the interplay between supply levels and ongoing bearish market sentiments.

This hydrobromic acid price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Hydrobromic Acid Price

The analysis of hydrobromic acid prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Hydrobromic Acid Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Hydrobromic Acid Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data Report 2024 Edition,” offers an in-depth analysis of hydrobromic acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of hydrobromic acid at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of hydrobromic acid price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.  

The report examines the elements influencing hydrobromic acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Hydrobromic Acid Market Analysis

The global hydrobromic acid industry size reached 1365.8 Thousand Tons in 2023. By 2032​, IMARC Group expects the market to reach 2448.2 Thousand Tons at a projected CAGR of 6.70% during 2023-2032.

• The global market is primarily driven by the rising demand of hydrobromic acid in the production of flame retardants. The chemical’s fire-retardant properties have led to its wide use in industries such as electronics and construction, where fire protection is crucial.
• The market is also augmented by the increasing usage of hydrobromic acid in the pharmaceutical industry, mainly as a reagent in the synthesis of API. Its role as a crucial reagent in various chemical reactions to formulate drugs and therapeutic agents is resulting in a higher product uptake.
• Ongoing technological advancements in the synthesis of the acid are reducing production costs and increasing purity levels. Emerging innovations in manufacturing have produced high-purity acid, essential for sensitive applications, such as electronics and pharmaceuticals.  
• The market is further benefitting from the increased use of the chemical food processing, as hydrobromic acid is used in manufacturing specific types of food-grade additives and chemicals. Its role in preserving food and extending shelf life is driving growth in this sector.    
• The growing use of the chemical in the textile industry is further creating a positive market outlook, particularly in dyeing and finishing processes due to its ability to prevent discoloration and improve fabric quality.
• Hydrobonic acid is gaining traction in the agrochemical industry where it is particularly used in the formulation of pesticides and herbicides. Its effectiveness as a brominating agent in the synthesis of high-content active ingredients is contributing significantly to the market's expansion.  
• Substantial investment in research and development (R&D) by players focusing on developing new applications and improving existing processes to remain competitive and meet changing industry demands is also fueling the market.
• Besides this, considerable growth in the oil and gas industry is facilitating the market as the acid has application in enhanced oil recovery processes. Its ability to effectively crack difficult hydrocarbons enhances oil extraction rates, making it a valuable component in maximizing yield from oil reservoirs, which is resulting in a higher market demand.
• The increasing number of research institutions and academic laboratories using hydrobromic acid for various chemical experiments and studies is also contributing to the market. The expansion of research activities, especially in developing countries, is supporting demand for high-quality chemical reagents, including hydrobromic acid.  

Hydrobromic Acid News

The report covers the latest developments, updates, and trends impacting the global hydrobromic acid industry, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in hydrobromic acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the hydrobromic acid price trend.

Latest developments in the lithium metal industry:

• November 2023: Utico, the UAE's only private utility provider, partnered with China's Shandong Tianyi Chemical Corporation to establish a joint venture aimed at extracting industrial chemicals from brine waste. This project will be developed in Ras Al Khaimah over an area of 20,000 square meters with an estimated investment of AED 160 million. The initiative focuses on recycling waste seawater from desalination plants, specifically extracting bromine and hydrobromic acid from concentrated seawater.

Product Description

Hydrobromic acid is a diatomic molecule that is composed of hydrogen and bromine, commonly found in industrial settings as an aqueous solution due to the highly polar nature of the H–Br bond. It is generally produced by combining hydrogen (H2) directly with bromine (Br2) or by dissolving bromide salts in water and acidifying them with a strong acid like sulfuric acid. This process simplifies and reduces the cost of synthesizing various brominated organic molecules, making it comparable to the preparation of pharmaceuticals and fine chemicals.

Hydrobromic acid is utilized in oil and gas extraction during drilling operations, where it is employed to cool the drill bit and maintain stable pressure. Additionally, it is used in the creation of fire-retardant compounds and serves as a varnishing catalyst in artificial purification processes. In metallurgy, hydrobromic acid acts as a flux or reagent to remove oxides from metal surfaces, cleaning them before further processing.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of hydrobromic acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting hydrobromic acid price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The hydrobromic acid price charts ensure our clients remain at the forefront of the industry.