Global Hydrochloric Acid Market size was valued US$ xx Mn. in 2019 and the total revenue is expected
to grow at a CAGR xx% from 2020 to 2027, reaching nearly US$ xx Mn.
Global Hydrochloric Acid Market
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Hydrochloric (HCl) Acid is an aqueous solution, which is also known as muriatic acid. The HCl is an
inorganic chemical compound formed by the hydrogen chloride gas and water.
The Hydrochloric Acid has wide range of application in the industries, as descaling agent, additive in
production of gelatin, production of PVC, leather manufacturing and forming various compounds in the
chemical industry. The hydrochloric acid market has grown xx% in 2019 and is expected to continue its
growth rate in forecasted period.
By End Use Industry, the food segment is expected to grow at xx% CAGR and reach xx Mn market value
in 2027. Hydrochloric Acid is used in food industry for the manufacturing of gelatin and other
applications such as corn syrups that are used in soft drinks, crackers, cookies, cereals and ketchup.
Hydrochloric Acid is used in the industry for the production of oil well acidizing, steel pickling, producing
calcium chloride, and ore processing. The HCl is used in pickling operation in steel and alloy
manufacturing. The growth in steel industry is driving the growth of hydrochloric acid market.
The increasing demand for hydrochloric acid in methylenediphenyl diisocyanate (MDI)/ toluene
diisocyanate (TDI) industry globally is driving the market in the forecasted period. In the steel industry
HCl is used during the processing of ore. The HCL majorly used for the production of calcium chloride
and ethyl dichloride. The growth of food and oil & gas industry as well as the steel and pharmaceutical
industry are fueling the growth of the HCL market during the forecast period.
The governments are implementing stringent rules with respect storage and handling, which is
restraining the growth of the hydrochloric acid marke