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Inorganic Acids Market Future Growth Strategies By Experts & Top Players 2027

01-12-2021 07:42 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Coherent market insights

Inorganic Acids Market

Inorganic Acids Market

Inorganic acid, also known as mineral acid, is derived from an inorganic compound that dissociates to produce hydrogen ions (H+) and a conjugate base in water. These acids comprise hydrogen and non-metallic elements or their groups. Inorganic acids are hazardous to health and consuming inorganic acids can be fatal. Hydrofluoric acid (HF), sulfuric acid (H2SO4), nitric acid (HNO3), and hydrochloric acid (HCl) are some of the prominent examples of inorganic acids.

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Inorganic acids find application in various end-use industries such as metal refining, fertilizers, food and beverages, personal care (soaps and detergents, toothpaste), chemicals, and medical. For instance, HCL is used in pickling of steel, production of organic compounds such as vinyl chloride and dichloroethane for PVC and inorganic compounds such as iron (III) chloride and polyaluminium chloride (PAC). HNO3 is used as an oxidant to produce precursor to nylon, adipic acid and as a rocket propellant. Therefore, significant growth of end-use industries is expected to lead to high demand for inorganic acids, thereby propelling growth of the global inorganic acids market over the forecast period.

Inorganic acids find application in various end-use industries such as metal refining, fertilizers, food and beverages, personal care (soaps and detergents, toothpaste), chemicals, and medical. For instance, HCL is used in pickling of steel, production of organic compounds such as vinyl chloride and dichloroethane for PVC and inorganic compounds such as iron (III) chloride and polyaluminium chloride (PAC). HNO3 is used as an oxidant to produce precursor to nylon, adipic acid and as a rocket propellant. Therefore, significant growth of end-use industries is expected to lead to high demand for inorganic acids, thereby propelling growth of the global inorganic acids market over the forecast period.

On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Increasing demand for fertilizers from the economies of China and India that majorly depend on agriculture is expected to boost growth of the market in Asia Pacific. Nitric acid is a major component of fertilizers and is neutralized with ammonia to give ammonium nitrate.

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Key players operating in the inorganic acids market include, General Chemical USA, PVS Chemicals, Inc., Basic Chemical Solutions LLC, and Azko Nobel N.V.

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Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

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