Press release
Hydrochloric Acid Market Insights on Trends, Drivers and Opportunities by 2022 & key players- Dow Corning, DuPont, Pioneer America, BASF SE, Detrex Corporation, Akzo Nobel N.V, ERCO Worldwide, AGC Chemicals
Hydrochloric Acid market size to maintain the average annual growth rate of 1.30% from USD 1227 million in 2014 to USD 1276 million in 2017, Research Cosmos analysts believe that in the next few years, Hydrochloric Acid market size will be further expanded, we expect that by 2022.
Hydrochloric Acid Market Overview:
The hydrochloric acid market is expected to grow significantly over the forecast period. The main driver of the market is the increasing demand for acidification of oil wells in the oil and gas industry. In 2017, the Asia-Pacific region has a significant stake in the global market. It is also used in steel stripping, food processing, organochlorine compound manufacturing and polymers such as PVC, chlorinated rubber, etc.
Browse details of 125 numbers of pages research report developed on Hydrochloric Acid Market @ https://www.researchcosmos.com/reports/hydrochloric-acid-market-report-2017-global-industry-analysis-trends-and-market-overview/94083329
Hydrochloric Acid Market Growth Drivers and Restraints:
The growing demand from the global MDI/TDI industry is one of the key factors expected to drive the growth of the global hydrochloric acid market in the coming years. The market for hydrochloric acid is expected to grow over the forecast period due to growing demand from application industries such as water treatment, processing food, and oil and gas. In addition, the increasing use of HCl in the steel and pharmaceutical industries is expected to stimulate the market over the next six years.
However, it is expected that the uncertain supply of raw materials and the resulting price fluctuations will hinder market growth. In addition, stringent government regulations on CFC emissions during HCl production are expected to be a constraint on the market during the forecast period.
Increased investment in the oil and gas sector, as well as in the mining industry, has led market players to undertake R&D for application development, which offers many opportunities for market growth.
In the iron and steel industry, hydrochloric acid is used in the pickling operations of carbon, alloys and stainless steels to remove rust and impurities formed during the production process. It is also used in the food industry for the manufacture of various products and in the production of organic and inorganic compounds for different applications. With increasing developments in the chemical, food, textile, rubber and leather industries, the consumption of hydrochloric acid is increasing and is expected to increase over the forecast period.
Hydrochloric Acid Market Regional Analysis:
From a geographic perspective, the global market for hydrochloric acid has been divided between the Middle East and Africa, Asia-Pacific, North America, Latin America and Europe. Among these segments, Asia-Pacific is expected to lead the global market as it is the largest consumer in the world. In addition, North America is expected to remain second in the world market in terms of revenue. On the other hand, it is estimated that Europe will grow slowly over the forecast period due to the elimination of effluents and environmental regulations related to food and metal processing procedures.
Ask Free Sample of the report @ https://www.researchcosmos.com/request/hydrochloric-acid-market-report-2017-global-industry-analysis-trends-and-market-overview/94083329
Hydrochloric Acid Market Key Market Players:
Dow Corning, DuPont, Pioneer America, BASF SE, Detrex Corporation, Akzo Nobel N.V, ERCO Worldwide, AGC Chemicals
Hydrochloric Acid Market Segmentation:
Product Type:
• Synthetic hydrochloric acid
• By-product hydrochloric acid
By Industry
• Organic Chemical Raw Materials
• Metal Cleaning and Treatment
• Food and Dairy Industry
• Water Treatment
• Others
By Production
• Raw Material Cost
• Technology Cost
• Labor Cost
• Cost Overview
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/hydrochloric-acid-market-report-2017-global-industry-analysis-trends-and-market-overview/94083329
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
Blog: https://marketreportsweb.com/
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