At CAGR of 5.8%, Hydrobromic Acid Market Developments, Operating Business Segments 2031
The global hydrobromic acid market is projected to grow at a CAGR of 5.8% from 2019 to 2024. The market is driven by the rising demand for bromine and its derivatives in various applications such as fire retardants, water treatment, and oil & gas drilling. However, the high cost of production and stringent environmental regulations are restraining the market growth. The Asia-Pacific region is the largest market for hydrobromic acid, followed by North America and Europe. The Asia-Pacific region is also the fastest-growing market for hydrobromic acid, due to the increasing demand from China and India. Please connect with our…
- Date: November 15, 2022
- Author: Thomas Bretz
- Category: Taiwan News