Press release
Hydrobromic Acid Market2018: Driven by Growing Demand from End User Industries Such As Food Processing And Steel Pickling
Asia Pacific is the largest market of hydrochloric acid due to the increasing industrial applications in China, India and Indonesia. The second-largest growth rates are expected for North America, The growing demand from oil well acidizing industry is one of the key factors expected to fuel the growth of the hydrochloride acid market in North America. On the other hand, Europe is estimated to witness sluggish growth in the forecast period, owing to the effluent disposal and environmental regulations concerning food and steel processing procedures. Latin America and Middle East also witnessed in growth of hydrochloric acid market due to various applications such as steel pickling, production of organic & inorganic compound, cleaning pools, regulate pH level, and others.
Hydrochloric acid is one of the names for muriatic acid with the chemical formula HCl.
It is also known as acidum salis or spirits of salt. Hydrochloric acid is a, transparent, very strong solution of hydrogen chloride in water. It is an extremely important product of the chemical industry and used in many industrial processes such as used in manufacture of organic compounds, as cleaning agent, neutralise water in swimming pools, to regulate pH level, regenerate ion exchangers, oil-well acidization, Production of inorganic compounds, and other industrial applications.
The key driver for the market is the growing demand in application of end user industries such as food processing and steel pickling is anticipated to witness sharp rise. On the other hand limited supply is predictable to lead to inconsistent prices which seem as a major challenge for the growth of the hydrochloric acid market in near future.
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Industry Top Player’s
ICL-IP, Albemarle, Chemtura, Jordan Bromine, Tosoh, Tata Chemicals, Haiwang Chemical, Shouguang Weidong Chemical, Shandong Tianyi Chemicals, Shandong Tianxin Chemical, Weifang Longwei, Haoyuan Group
Market Segments
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
• Inorganic Bromides
• Organic Bromine
• Pharmaceuticals
• Others
Region Coverage (Regional Output, Demand & Forecast by Countries etc.):
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
• Asia-Pacific (China, India, Japan, Southeast Asia etc.)
• South America (Brazil, Argentina etc.)
• Middle East & Africa (Saudi Arabia, South Africa etc.)
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