The global Hydrochloric Acid market is forecast to reach USD 8.60 Billion by 2027, according to a new report by Reports and Data. Hydrochloric acid, also known as muriatic acid, is a transparent, very strong solution of hydrogen chloride in water. It is produced using four production methods, a combination of chlorine and hydrogen, chlorination of organic, as a group of co-product in the manufacture of silica, and chemicals, salt-sulfuric acid production process.
Reports and Data has recently published a new report titled “Global Hydrochloric Acid Market” that offers key insights into market share, market size, revenue growth, current and emerging trends, macro- and micro-economic growth factors, regulatory framework, and geographical bifurcation. The report employs a top-down and bottom-up approach to gain critical insights into the Hydrochloric Acid market and the data is further validated and verified from industry experts, professionals, and analysts. The report presents an 8-year forecast for the market growth along with market information such as supply and demand ratio, dominant players, market revenue, driving factors, restraints, and challenges to offer a better understanding of the Hydrochloric Acid market.
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RnD estimates that the global Hydrochloric Acid market size is expected to reach USD XX Billion in 2028 and register a CAGR of XX% during the forecast period. The report offers an in-depth profiling of the leading players of the market comprising their company overview, product portfolio, and strategic alliances such as mergers and acquisitions, partnerships, and joint ventures, among others to offer a better understanding of the competitive landscape.
Key players operating in the market: Dow Chemical, Covestro, Olin, Axiall, OxyChem, Westlake Chemical, INOVYN, Shin-Etsu Chemical, BASF, and UNID, among others.
Over the recent past, chemical and materials industry has observed rapid digital transformation, innovations and advancements in chemical processing, globalization, sustainability, and development of robust supply chain. Increasing incidence of uncertainties in chemical production and development have further increased focus on risk management solutions. Chemical and materials industry supplies raw materials to a number of end-use industries such as petrochemicals, solvents, manufacturing and construction, and healthcare, among others. Increasing integration of advanced technology in the manufacturing and production processes along with a growing focus on producing environmentally sustainable chemicals and materials is further expected to revolutionize the Hydrochloric Acid market over the forecast period.
The report further offers key insights into strategic alliances and ventures undertaken by key companies in the market to cater to the growing global demand, capitalize on lucrative opportunities, and gain a robust footing in the market. It focuses on mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, and deals.
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Applications Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Steel Pickling
- Oil Well Acidizing
- Ore Processing
- Food Processing
- Calcium Chloride
Type Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Synthetic Hydrochloric Acid
- By-product Hydrochloric Acid
End Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2020-2028)
- Food and Beverages
- Oil and Gas
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Regional analysis covers:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Highlights in the Report:
- A detailed analysis of the Hydrochloric Acid market through the assessment of different market aspects such as product type, application, end-use verticals, and others.
- Qualitative and quantitative analysis along with the market estimation for the forecast period 2021-2028
- Detailed analysis of market dynamics such as drivers, restraints, opportunities, and threats
- Insights into recent development, business expansion plans, and strategic alliances of the top companies in the market
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