Hydrochloric Acid Market Size to Surpass USD 2.96 million with a Growing CAGR of 5.70% by 2029, Share, Trends, Growth Strategies and Competitive Analysis

The worldwide hydrochloric acid market is expected to increase significantly during the forecast period because of the growing number of applications for hydrochloric acid. Furthermore, in the coming years, the worldwide hydrochloric acid market is expected to benefit from key companies' increased focus on expanding their product portfolio to strengthen their market position and carve out a niche around the world. As a result of these factors, the market is likely to grow at a healthy pace throughout the forecast period.

Global Hydrochloric Acid Market was valued at USD 1.9 billion in 2021 and is expected to reach USD 2.96 billion by 2029, registering a CAGR of 5.70% during the forecast period of 2022-2029.

Hydrochloric acid or muriatic acid is mineral acid derived from more than one type of inorganic compound and has the chemical formula HCl. It is colorless, highly acidic and corrosive in nature and has a particularly pungent smell. The corrosive nature of the hydrochloric acid is attributed to its ability to completely dissociate in an aqueous solution. Liquid hydrochloric acid is composed of hydrogen chloride and water and is one of the simplest acidic systems based on chlorine.

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Some of the major players operating in the hydrochloric acid market are

• Ashland (U.S.)
• Arkema (France)
• BASF SE (Germany)
• Kemira (Finland)
• The Lubrizol Corporation (U.S.)
• NIPPON SHOKUBAI CO. LTD (Japan)
• Dow (U.S.)
• Henan Qingshuiyuan Technology CO., Ltd., (China)
• Aurora Fine Chemicals (U.S.)
• Zouping Dongfang Chemical Co., Ltd. (China)
• ACURO ORGANICS LIMITED (U.S.)

Hydrochloric acid Market Regional Analysis/Insights

The hydrochloric acid market is analysed and market size insights and trends are provided by country, type, form and application as referenced above.

The countries covered in the hydrochloric acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

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