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Hydrochloric Acid Market Overview and Product Scope over 2019 - 2025

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Title: Hydrochloric Acid Market Overview and Product Scope over 2019 - 2025


1
Hydrochloric Acid Market Global Industry
Forecast Analysis over 2019 - 2025
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2
  • Hydrochloric Acid Market Scenario
  • Hydrochloric acid is also called as muriatic acid
    and is a strong hydrogen chloride solution in
    water. The chemical is also generated as a
    byproduct in manufacturing of several organic
    chemical through chlorination reactions. For
    instance, HCL is produced by cracking of ethylene
    dichloride into vinyl chloride monomers. The
    product is also generated in the manufacturing
    process of chlorinated C1s also called as
    chloroform and primary methylene chloride. Around
    40 chemical processes produce hydrochloric acid
    as coproduct and almost 110 chemical processes
    utilize the compound as raw material.
  • Rising demand from end user industries like food
    processing, water treatment and oil and gas is
    the major driver likely to uplift the global
    hydrochloric acid market growth in the
    forthcoming years. Furthermore, rising product
    demand in pharmaceutical and steel industry is
    anticipated to trigger the market growth by 2025.
    For instance, it is used as a reducing agent in
    deionizing processes and as catalyst in the
    pharmaceutical industry.

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Continue-
  • Hydrochloric acid market is generally categorized
    into synthetic hydrochloric acid and by-product
    hydrochloric acid. Synthetic HCL is generally
    found as hydrogen chloride aqueous solution which
    is acidic in nature. This category of acid is
    quite easy in handling and is used for
    neutralization and in pH balancing. The product
    is also used in industrial chemicals, food and
    for treatment of metal surface. On the other, by
    product hydrochloric acid is generated during
    manufacturing of silica and other organic
    chemicals. For instance, HCL is generated as a
    byproduct in the manufacturing process of
    chloroethane to produce PVC.
  • Some of the end user industries of hydrochloric
    acid market id includes food beverage, oil
    gas, steel, pharmaceutical and other industries.
    HCL is used to remove dust and unwanted deposits
    of carbonates in the oil wells to allow crude oil
    or gas flow in the well. This application is
    called as stimulation. In steel industry, the
    product is utilized in steel pickling operations
    in stainless steel, carbon and alloys.

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Rights Reserved
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4
  • Regional Analysis
  • Asia Pacific and North America emerged as the
    largest hydrochloric acid market in 2018. Growing
    food and beverage industry in the region due to
    robust population growth is expected to drive the
    overall product demand in the near future.
    Moreover, hydrochloric acid production in North
    America has been witnessing high growth rates as
    a result of availability of low-price feedstocks
    supported by unconventional crude oil boom. North
    America demand is concentrated to oil and gas
    industry as the product is extensively used in
    hydraulic fracturing.
  • Competitive Analysis
  • Some of the key hydrochloric acid market
    participants are AkzoNobel N.V., Compound
    Solutions Inc, Allan Chemical Corporation,
    Eco-Tec, Brainerd Chemical Co, Inc. and Qingdao
    Henley Co., Ltd. Industry rivalry in the market
    is quite high as a result of increasing mergers
    and acquisition in the industry. For instance,
    PVS acquired chorolkali plant in Thailand to
    increase its customer base in the region.

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Latest Research Report on Hydrochloric Acid
Market _at_ https//www.gminsights.com/industry-anal
ysis/hydrochloric-acid-market Request for table
of content of this research report_at_
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006 Request for customization
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