Europe hydrochloric acid market to gain traction through 2026 | By key players Eco-Tec, Allan Chemical Corporation, Compound Solutions Inc, and AkzoNobel N.V
o Hydrochloric acid market size, historical from 2015 to 2019 and annual forecast from 2020 to 2026
o Major hydrochloric acid industry trends, technology evolution, economic indicators and business challenges
o Regulatory and geopolitical trends impacting the industry
o Business drivers and pitfalls impacting key regional markets
Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/4006
Hydrochloric acid (HCL) is an important chemical compound which is extensively used in industrial processes such as food processing, oil well acidizing, ore processing, and steel pickling. Based on type, the industry is segmented into synthetic hydrochloric acid and by-product hydrochloric acid. Synthetically produced hydrochloric acid is relatively easy to handle and is prominently used as a raw material in food processing, industrial chemicals, and metal surface treatment.
The food industry remains one of the largest consumers for synthetic hydrochloric acid industry. The compound is used in the processing of cereals, ketchups, soft drinks, cookies, crackers, ad corn syrups. Furthermore, it finds use as an acidifier in canned goods, vegetable juices, and sauces to improve flavor reduce spoilage.
Growing reliance on packaged and processed foods is likely to fuel the product demand. Due to the ongoing coronavirus outbreak, the consumption of FMCG products including packaged foods and beverages has surged notably, with consumers stocking up on groceries and essentials. These trends indicate that a consistent demand across the food processing sector will certainly boost HCL demand.
In addition to the food & beverage sector, hydrochloric acid finds wide use in oil & gas, steel, pharmaceutical, and countless other applications. Pharmaceutical sector is likely to emerge as a key consumer of HCL in the future. The compound is mainly used to regulate the pH of pharmaceutical products.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4006
The global pharmaceutical sector continues to expand, mainly due to a strong need for drugs to treat chronic diseases and health problems associated with ageing. According to the United Nations World Population Prospects 2019, the number of people aged 65 or more is projected to hit 1.5 billion by 2050, compared to 703 million in 2019. A massive geriatric population is likely to propel the pharmaceutical sector valuation significantly.
Europe could be a profitable revenue terrain for hydrochloric acid market in the near future. Majority of the consumption of the compound can be linked with well-established food processing industry and the presence of major pharmaceutical companies in the region. The regional steel industry is also anticipated to be a major consumer of hydrochloric acid in the forthcoming years.
Recent statistics suggest that oil & gas production in the North Sea has hit a seven-year high. With the North Sea remaining the largest source for Europe's oil & gas sector, numerous large-scale projects are currently in development, including multiple drilling projects and the construction of plants and pipelines around the Eastern Mediterranean.
Some of the key players mentioned in the report include Qingdao Henley Co., Ltd., Brainerd Chemical Co, Inc., Eco-Tec, Allan Chemical Corporation, Compound Solutions Inc, and AkzoNobel N.V.
Browse related news, may you also like:
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Europe hydrochloric acid market to gain traction through 2026 | By key players Eco-Tec, Allan Chemical Corporation, Compound Solutions Inc, and AkzoNobel N.V here
News-ID: 2052558 • Views: 224
More Releases from Global Market Insights Inc.
Latest Research Report On Agricultural Adjuvants Market 2021. Major Players Incl …
The agricultural adjuvants market is expected to observe noteworthy growth on account of increasing demand for high-quality crops. Adjuvants commonly act as an additive in pesticides that increase its effectiveness and smoothen its mixing application. The demand for plant protection products in countries like Bangladesh, India, and Vietnam has surged considerably in recent years. Ever-increasing population across developing economies has forced farmers to produce large quantities of high-quality yields. Citing
U.S. Minoxidil Market 2021 Growth Opportunities and Competitive Landscape 2027 - …
The U.S. minoxidil industry has been impacted by the COVID-19 pandemic in the form of increased stress amid job losses and health issues, creating rising incidences of hair fall and associated problems. The industry is expected to gain commendable proceeds on account of an upsurge in research studies concerned with the effectiveness of minoxidil. Citing one such instance, in January 2021, a study published in the Dermatologic Therapy supported the efficacy
Global Sulfosuccinate Market 2021 Future Growth With Technology and Current Tren …
Owing to these factors, estimates have revealed that the global sulfosuccinate market size will exceed USD 475.7 million in annual estimation by 2024. Increasing adoption of high-performance materials that meet application-specific requirements across various industries, including pharmaceuticals will stimulate the need for sulfosuccinate compounds. The surging disposable incomes of consumers mainly across the developing nations have also fueled their spending capacities on household and personal care. Sulfosuccinates are mainly a mild type
By 2026, Graphene Market will register over 35% CAGR | Applied Nanotech, Inc, an …
The global Graphene Market is slated to gain significant momentum over the forthcoming years, as a result of the growing product consumption in the electronics sector, particularly in developing countries. This high consumption can be attributed to its superior qualities such as high electrical conductivity, durability, and toughness. Request a sample of this research report @ https://www.gminsights.com/request-sample/detail/233 Top Key Players in The Market are: Graphenea S.A., Applied Graphene Materials plc, ACS
More Releases for Europe
Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market https://www.qandqmarketresearch.com/reports/wooden-doors-market-78 This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining