Title: Inorganic Acid Market - Forecast(2021 - 2026)
1Inorganic Acid Market Market size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2021-2026
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- Inorganic Acid market size is forecasted to grow
at a CAGR of 4.7 during the forecast period
2021-2026. This can be attributed to its use
in fertilizers. - An inorganic acid is an acid derived from one or
more inorganic compounds. It is also known as
mineral acid. - Inorganic acids form hydrogen ions and conjugate
base ions when dissolved in water. Commonly used
inorganic acids are sulphuric acid, hydrochloric
acid, nitric acid, and phosphoric acid. Inorganic
acids are very soluble in water and insoluble in
organic solvents. - Inorganic acids are used in many sectors of the
chemical industry as feedstocks for the synthesis
of other chemicals, both organic and inorganic.
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- Key Takeaways
- Asia-Pacific dominates the inorganic acid market,
owing to the agricultural industry in the region.
According to Invest India, Indias agriculture
technology can grow to 24.1 billion by 2025. - Hydrochloric acid, Sulphuric acid, and Nitric
acid are the strongest inorganic acids capable of
dissolving metals. They are highly corrosive. - Sulphuric acid and Nitric acid are mainly used in
the production of fertilizers to improve soil
fertility as they add essential nutrients to
replenish the soil.
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By Distribution Channel- Segment Analysis The
sulphuric acid segment held the largest share in
the inorganic acid market and is expected to rise
at a CAGR of 3.6 during the forecast period.
About 75 of the manufactured sulphuric acid is
used to synthesize fertilizers, superphosphate in
particular. Sulphuric acid is highly reactive and
can dissolve most metals. Sulphuric acid (H2SO4)
is a basic raw material used in a wide range of
industrial processes and manufacturing
operations. It is also good for removing
oxidation from iron and steel, so it is used in
large quantities by metal manufacturers. The most
well-known application is its use as an
electrolyte in lead-acid storage batteries.
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- Industry Outlook
- BASF SE
- DuPont de Nemours Inc
- Evonik Industries
- Formosa Plastics
- INEOS Enterprises
- Dow Chemical
- LG Chem.
- LyondellBasell Industries
- Akzo Nobel
- Bayer
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Inorganic Acid Market - Forecast(2021 -
2026) Learn More About the Report _at_
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