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APAC Emerges as a Hub for Hydrochloric Acid Applications and Growth

October 8, 2023
in General
APAC Emerges as a Hub for Hydrochloric Acid Applications and Growth
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Hydrochloric acid (HCl) is a strong, highly corrosive mineral acid. It is a colorless to slightly yellowish liquid with a pungent and suffocating odor. Hydrochloric acid is produced by dissolving hydrogen chloride (HCl) gas in water, and it is one of the most widely used and essential acids in the chemical industry. 

The Hydrochloric Acid Market is projected to grow from USD 2.5 billion in 2022 to USD 3.4 billion by 2027, at a CAGR of 6.6% during the forecast period. 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=75705978 

Properties of Hydrochloric Acid:

Chemical Formula: HCl
Molecular Weight: 36.46 g/mol
Boiling Point: -85.05 °C (-121.09 °F)
Melting Point: -114.22 °C (-173.56 °F)
Density: 1.18 g/cm³ (approximately 20% HCl by weight)
Solubility: Hydrochloric acid is highly soluble in water, and its concentration is commonly expressed in molarity (M) or percentage (%).

Uses and Applications of Hydrochloric Acid:

Chemical Manufacturing: Hydrochloric acid is a vital raw material for various chemical processes, including the production of chlorine gas, which is used in the manufacture of PVC (polyvinyl chloride) and other organic compounds.
Steel Pickling: In the steel industry, hydrochloric acid is used for pickling steel to remove rust, scale, and other impurities from the surface before further processing, such as galvanizing or coating.
Water Treatment: It is used in water treatment processes to adjust the pH levels and remove impurities and contaminants from water.
Oil and Gas Industry: Hydrochloric acid is employed in the oil and gas industry for well stimulation and acidizing to increase oil and gas production.
pH Regulation: It is used in various applications to regulate the acidity levels, such as in food processing and chemical reactions.
Laboratory Use: In laboratories, hydrochloric acid is commonly used for various analytical and preparatory procedures.

Safety Considerations: Hydrochloric acid is a potent acid and should be handled with extreme care. It can cause severe chemical burns on contact with skin and eyes and can emit harmful fumes when exposed to air. Proper safety precautions, including the use of personal protective equipment (PPE) and ventilation, are necessary when handling this chemical.

In industrial settings, hydrochloric acid is typically stored in high-density polyethylene (HDPE) or other suitable containers due to its corrosive nature.

According to MarketsandMarkets™, Asia Pacific is expected to emerge as the largest region in the hydrochloric acid market during the forecast period. The region’s significant growth is attributed to several factors, including rapid industrialization, infrastructure development, and increasing demand from various end-user industries. The rising application of hydrochloric acid in chemical manufacturing, steel pickling, water treatment, and the oil and gas sector is driving its demand in the region. Additionally, the growth in population and urbanization in Asia Pacific is leading to increased consumption of goods and services, further bolstering the demand for hydrochloric acid in industrial processes.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=75705978 

The key players operating in the hydrochloric acid market include BASF SE (Germany), Covestro AG (Germany), Olin Corporation (US), Westlake Chemical Corporation (US), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Tata Chemicals Limited (India), AGC Chemicals (Japan), ERCO Worldwide (Canada), Detrex Corporation (US) and others.

Read Our Trending Press Release Below:

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About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441

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