Los Angeles, CA -- (SBWire) -- 04/22/2019 --Hydrochloric acid was historically called acidum salis, muriatic acid, and spirits of salt and is a clear, colorless, highly pungent solution of hydrogen chloride (HCl) in water. It is a highly corrosive, strong mineral acid with many industrial uses.
Hydrochloric acid consumption in Europe is relatively stable development in recent years?with a relatively stable state. However, Prices fell sharply, resulting in a sharp decline in sales value.
The future trend of hydrochloric acid mainly depends on the operating rate of the chlor alkali industry, but synthetic hydrochloric acid is a new direction of development in the future.
At present, it has a certain scale, but because of the high price and cost, which limits his development. The research group is optimistic about this industry.
The global Hydrochloric Acid market was 7490 million US$ in 2018 and is expected to 8530 million US$ by the end of 2025, growing at a CAGR of 1.6% between 2019 and 2025.
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This report studies the Hydrochloric Acid market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Hydrochloric Acid in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Dow Chemical
Olin
Covestro
OxyChem
Westlake Chemical (Axiall)
INOVYN
BASF
Shin-Etsu Chemical
UNID
Orica Watercare
Detrex Chemicals
Canexus
Solvay
ERCO Worldwide
Dupont
Coogee Chemicals
Tessenderlo Group
AGC
Formosa Plastics
Toagosei
China Greenon
Haijing Chemical
Xiyang Fertilizer
Shanghai Chlor-Alkali Chemical
Luxi Chemical
SINOPEC Nanjing Chemical
Tianyuan Chemical
Jinniu Chemical
Hongri Acron
Jiheng Chemical
By the product type, the market is primarily split into
Synthetic Hydrochloric Acid
By-product Hydrochloric Acid
By the end users/application, this report covers the following segments
Organic Chemical Raw Materials
Metal Cleaning and Treatment
Food and Dairy Industry
Water Treatment
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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Hydrochloric Acid Market Growing at 1.6% CAGR Will Hit 8530 Million US$ in 2025