Reports and Data estimates the global HYDROCHLORIC ACID competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global HYDROCHLORIC ACID during the forecast period.

The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include AGC Chemicals, BASF SE, Coogee Chemicals, Covestro AG, Detrex Corporation, Dongyue Group, DowDuPont Inc., ERCO Worldwide, Ercros SA, Inovyn, Kemira, Nouryon Industrial Chemicals, Occidental Petroleum Corporation, Olin Corporation, PCC Group, Shin, Etsu Chemical Co. Ltd., Solvay, Tessenderlo Group, Toagosei Co. Ltd., Vynova Group, and Westlake Chemical Corporation.

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HYDROCHLORIC ACID Overview :-

The global hydrochloric acid market size was USD 7,733.8 million in 2020 and is expected to register a revenue CAGR of 1.5% over the forecast period. Major factors driving market revenue growth are increasing application areas of hydrochloric acid, including in steel manufacturing where is used as a pickling agent, and also in the production of fertilizers and chlorides. Hydrochloric acid, also known as muriatic acid and hydronium chloride, which is an aqueous solution of hydrogen chloride. It is a colorless, transparent liquid with a unique pungent smell. Each molecule of hydrochloric acid is composed of a one-to-one ratio of hydrogen and chlorine. Its ions are often written as H3O+ Cl- . The chemical formula of Hydrochloric Acid is HCL, having molecular weight of 36.46 g/mol. It is classified as a strong inorganic acid and is corrosive to the skin, eyes, and mucous membranes.

The hydrochloric acid is formed by various processes (such as dissolving hydrogen chloride gas in water) for industrial and commercial applications. The physical properties such as pH, density, boiling and melting points of hydrochloric acid depends on the concentration of hydrochloric acid in water. For example, a 10% HCL solution has a pH of -0.5, a density of 1048 kg/L, boiling point of 103°C, and melting point of -18°C.

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For the purpose of this report Reports and Data has segmented global HYDROCHLORIC ACID market on the basis of type, application, and region:

By Application  

·       Steel Pickling

·       Water Treatment

·       Oil Well Acidizing

·       Ore Processing

·       Calcium Chloride Production

·       Food Production and Processing

·       Laboratory Reagent

·       Others

By By End-Use Industry

·       Food and Beverage

·       Oil and Gas

·       Steel

·       Pharmaceutical

·       Textiles

·       Agriculture

·       Others

Key Regional Markets Covered in the Report:

·       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 Asia Pacific)

·       Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

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Key Questions answered by the Report:

·       What is the expected year-on-year growth of the HYDROCHLORIC ACID during the forecast period?

·       What key trends are expected influence revenue growth of the market going ahead?

·       Which region is expected to account for largest revenue share over the forecast period?

·       Which key companies are profiled in the report?

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About Reports and Data 

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