Hydrochloric Acid Market Hydrochloric Acid Market pdf | Page 2

Rising demand from end user industries like food processing, water treatment and oil and gas
is the major driver likely to uplift the global hydrochloric acid market growth in the
forthcoming years. Furthermore, rising product demand in pharmaceutical and steel industry
is anticipated to trigger the market growth by 2025. For instance, it is used as a reducing agent
in deionizing processes and as catalyst in the pharmaceutical industry. Furthermore,
increasing utilization of HCL in oil wells for acidizing purpose as a result of enhancement in
reservoir rock flow is another factor likely to accelerate the global market growth in the near
future.
Hydrochloric acid market is generally categorized into synthetic hydrochloric acid and by-
product hydrochloric acid. Synthetic HCL is generally found as hydrogen chloride aqueous
solution which is acidic in nature. This category of acid is quite easy in handling and is used
for neutralization and in pH balancing. The product is also used in industrial chemicals, food
and for treatment of metal surface. On the other, by product hydrochloric acid is generated
during manufacturing of silica and other organic chemicals. For instance, HCL is generated as
a byproduct in the manufacturing process of chloroethane to produce PVC.
To browse this report titled, “Hydrochloric Acid Market Overview and Product Scope over
2019 - 2025: Global Market Insights, Inc.”
https://www.gminsights.com/industry-analysis/hydrochloric-acid-market
Asia Pacific and North America emerged as the largest hydrochloric acid market in 2018.
Growing food and beverage industry in the region due to robust population growth is
expected to drive the overall product demand in the near future. Moreover, hydrochloric
acid production in North America has been witnessing high growth rates as a result of
availability of low-price feedstocks supported by unconventional crude oil boom. North
America demand is concentrated to oil and gas industry as the product is extensively used in
hydraulic fracturing. With the growing oil production in the region, hydrochloric acid market
is also expected to achieve high growth rates in the near future.
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