Press release
Hydrochloric Acid Global Market Estimated to Surge at a CAGR of 6.5% to Reach $2.69 Billion By 2028 | BASF SE, Covestro LLC, Detrex Corporation, Vynova Group, Merck KGaA
Hydrochloric Acid Market
As per the report, the hydrochloric acid market size has grown strongly in recent years. It will grow from $1.96 billion in 2023 to $2.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The hydrochloric acid market size is expected to see strong growth in the next few years. It will grow to $2.69 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%.
Download Free Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=7975&type=smp
Hydrochloric Acid Market Growth Fueled By Rising Demand In Water And Wastewater Treatment
Increased demand for water and wastewater treatment is expected to propel the growth of the hydrochloric acid market going forward. Water and wastewater treatment refers to the method of improving the quality of water for end-use. Hydrochloric acid's ability to neutralize makes it a good choice for water treatment applications, as a result, increasing demand for water and wastewater treatment increases the demand for hydrochloric acid. For instance, in August 2021, according to the United Nations, a New York-based intergovernmental organization, globally, 56 percent of household wastewater flows were safely treated in 2020. The wastewater treatment and acceleration are expected to achieve a target by 2030. The aim is to track the proportion of complete industrial and household wastewater flows safely treated in compliance with national or local standards. Therefore, the hydrochloric acid market is expanding as a result of the increased demand for water and wastewater treatment.
Technological Advancements Reshaping The Hydrochloric Acid Market
Technological advancements are a key trend gaining popularity in the hydrochloric acid market. Major companies in the hydrochloric acid market are advancing with their new technologies and research and development to gain a competitive edge in the market. For instance, in May 2021, Solvay, a Belgium-based chemicals company operating in the hydrochloric acid market, introduced non-fluorosurfactant technologies: Hylar 5000S and Tecnoflon LX. These technologies enable the development of products that its customers use in a variety of applications that include lithium-ion batteries, smart devices, medical device components, lithium-ion engines, and installations for renewable energy.
The hydrochloric acid market covered in this report is segmented -
1) By Type: Synthetic Hydrochloric Acid, By-Product Hydrochloric Acid
2) By Form: Water-Based, Aqueous, Solution
3) By Distribution Channel: E-Commerce, B2B, Specialty Stores, Other Distribution Channel
4) By Application: Steel Pickling, Oil Well Acidizing, Ore Processing, Food Processing, Pool Sanitation, Calcium Chloride, Other Application
5) By End-User: Food and Beverage, Steel, Oil and Gas, Chemical, Textile, Other End-User
Buy Now & Get Exclusive Discount on this Report, Checkout link @
https://www.thebusinessresearchcompany.com/Discount?id=7975&type=discount
Major companies operating in the hydrochloric acid market report are AGC Chemicals Americas Inc., BASF SE, Covestro LLC, Detrex Corporation, ERCO Worldwide, Ercros SA, INOVYN - INEOS Group, Olin Corporation, Westlake Chemical Corporation, Formosa Plastics Corporation, Dow Chemical Company, Allan Chemical Corporation, GFS Chemicals Inc., Eco-Tec Inc., Basic Chemical Solutions LLC, Brainerd Chemical Co Inc., Qingdao Henley Company Limited, Compound Solutions Inc., International Petrochemicals Private Limited, Seqens Group, Inovyn, Nouryon Industrial Chemicals, PCC Group, Shin-Etsu Chemical Co. Ltd., Tessenderlo Group, TOAGOSEI CO. LTD, Vynova Group, Merck KGaA, Kemira, Thermo Fisher Scientific, Chemtrade Logistics Income Fund
Contents of the report:
1. Executive Summary
2. Hydrochloric Acid Market Report Structure
3. Hydrochloric Acid Market Trends And Strategies
4. Hydrochloric Acid Market - Macro Economic Scenario
5. Hydrochloric Acid Market Size And Growth
…..
27. Hydrochloric Acid Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Explore the report store to make a direct purchase of the report @ https://www.thebusinessresearchcompany.com/report/hydrochloric-acid-global-market-report
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
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 Hydrochloric Acid Global Market Estimated to Surge at a CAGR of 6.5% to Reach $2.69 Billion By 2028 | BASF SE, Covestro LLC, Detrex Corporation, Vynova Group, Merck KGaA here
News-ID: 3605079 • Views: …
More Releases from The Business research company
Emerging Trends to Reshape the Surgical Energy Instruments Market: Innovative Te …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Surgical Energy Instruments Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the market size of surgical energy instruments has seen substantial growth. The market which is projected to be worth $4.68 billion in 2024, is expected to inflate to $5.2…
2025-2034 Spatial omics Market Evolution: Disruptions, Innovations, and Untapped …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Spatial omics Market Through 2025?
In recent years, the size of the spatial omics market has seen rapid expansion. The estimations show an increase to $0.33 billion in 2025 from $0.3 billion in 2024, marking a compound annual growth rate (CAGR) of…
Global Sigmoidoscope Market Projected to Grow at 6.1% CAGR, Reaching $3.38 Billi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Sigmoidoscope Industry Market Size Be by 2025?
In recent years, there has been a significant increase in the size of the sigmoidoscope market. The market is projected to expand from $2.53 billion in 2024 to $2.67 billion in 2025, demonstrating a compound annual growth rate (CAGR)…
2025-2034 Refurbished MRI Systems Market Roadmap: Insights for Competitive Advan …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Refurbished MRI Systems Market Size By 2025?
The market size for refurbished MRI systems has experienced robust growth in the past few years. It is expected to rise from $0.77 billion in 2024 to $0.85 billion in 2025, showcasing a compound annual growth rate (CAGR)…
More Releases for Hydrochloric
Hydrochloric Acid Market: A Comprehensive Overview
Hydrochloric acid (HCl) is one of the most widely used chemicals in the world. It is a strong, corrosive acid with numerous applications across different industries. From steel production to food processing and even pharmaceuticals, hydrochloric acid plays a crucial role in various chemical processes. The global hydrochloric acid market has witnessed significant growth over the years, driven by an increasing demand for industrial applications, particularly in the manufacturing and…
Hydrochloric Acid Market: Trends, Growth, and Insights
Hydrochloric acid (HCl) is one of the most important chemicals used across a variety of industries. Its primary applications range from steel production and food processing to pharmaceuticals and household cleaning products. With its ability to dissolve metals, react with bases, and function as a key reagent in chemical synthesis, hydrochloric acid plays an essential role in both industrial and laboratory settings.
The hydrochloric acid market has witnessed substantial growth in…
Hydrochloric Acid Market: An In-Depth Overview
Hydrochloric acid (HCl), a strong and highly corrosive acid, has a wide array of industrial applications. From manufacturing and chemical synthesis to food processing and metal cleaning, its versatility and effectiveness make it a critical component in numerous sectors. The hydrochloric acid market has grown steadily over the years, driven by various factors such as industrial demand, technological advancements, and increased applications across multiple industries.
Market Size of Hydrochloric Acid
The hydrochloric…
Hydrochloric Acid Sales Market 2017 Competitive Perspective
In this report, the global Hydrochloric Acid market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Hydrochloric Acid in these regions, from 2012 to 2022 (forecast), covering
North…
Hydrochloric Acid Market Report 2018: Segmentation by Type (Synthetic Hydrochlor …
Global Hydrochloric Acid market research report provides company profile for INOVYN, Westlake Chemical, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Dow Chemical, Olin, Covestro, OxyChem, Axiall and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc.…
Global and China Hydrochloric Acid Industry
Albany, New York, October 24, 2016: According to a new research report added recently to the expanding market research catalog of Market Research Hub (MRH), hydrochloric acid is a crucial industrial chemical and is used in a variety of applications. The global hydrochloric acid industry has flourished in the last few years due to the rapid expansion of the industrial sector, and is showing no signs of slowing down in…
