FORT WORTH, Texas, March 26, 2015 /PRNewswire/ --
The Asia pacific region is expected to dominate this market with its growing demand for hydrobromic acid in different applications, especially textiles, adhesives, pharmaceutical industry. The North American region is estimated to show a rising growth in next five years with allied industries expected to stabilize the overall business requirement.
Browse through the TOC of hydrobromic acid market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Investments and Expansion is a key factor for the market growth. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of formic acid in order to match new demands from the various end-user industries.
The Asia pacific region is largest, both in terms of volume and value, followed by North America. The key players in the global hydrobromic acid are 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.), Chemtura (U.S.) and others.
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This report highlights the demand in the hydrobromic acid market, both in terms of value and volume. It depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The current market value of the global hydrobromic acid market was valued at $480 million in 2014, and is estimated to reach $650 million by 2019, at a CAGR of 7%, from 2014 to 2019. The high demand across the industries, such as textiles, manufacturing, fibre, chemical & pharmaceuticals boosts growth in the hydrobromic acid market.
The Asia-Pacific Phthalic Anhydride Market, along with its applications, has witnessed a strong growth in the past few years and this growth is estimated to be strong in the coming years. Phthalic anhydride is one of the basic organic chemical raw materials widely used in the plastics, paints & coatings, dyes, building & construction, pharmaceuticals, and rubber industries. Diversified applications of phthalic-based plasticizers in a broad spectrum of industries are among the major reasons behind the rapidly-growing demand for plasticizers in Asia-Pacific. However, the consumer shift towards sustainable products is impacting the demand for phthalic anhydride and its applications in various industries.
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