The research report presents a comprehensive assessment of the Muriatic Acid Market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry
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Muriatic Acid: Key Players
The market for muriatic acid is highly fragmented with the presence of many local and international key players. However, some of the global key players include Dow Chemicals Company, BASF SE, Olin Corporation, Occidental Chemical Corporation, Solvay SA, INOVYN ChlorVinyls Limited (ineos company), Xilong Chemicals Co. Ltd, Pioneer Forensics, LLC, HASA INC, Formosa plastics corporation, and others.
Muriatic Acid: Regional Outlook
The global muriatic acid market is expected to increase with medium to high CAGR, owing to increase in demand from chemical manufacturers, food processers, plastics industry, and others. China is anticipated to remain the largest consumer of muriatic acid followed by North America & Europe regions. With the development of the polymer sector in the South Asia region, the demand for muriatic acid is expected to increase in the region, owing to the increase in the consumption of consumer products. The demand for muriatic acid is expected to remain moderate in the Middle East and Africa region, owing to the slow-down of oil & construction industries in the region.
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Muriatic Acid Market: Segments
On the basis of concentration, the muriatic acid market can be segmented as-
- 22º Baumé HCl (35.21% HCl by wt.)
- 20º Baumé (31.45% HCl by wt.)
On the basis of application, the muriatic acid market can be classified into –
- Steel Pickling
- Chemicals Manufacturing
- Food Processing
- Oil-field Acidizing
- Mining and Metal Production
- Consumer Goods
- Industrial Cleaning
- Water & Wastewater Treatment
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On the basis of geography, the market is segmented into-
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
The market analyzes the consumption patterns of each end use segment with the help of extensive primary and secondary research. Further, the impacts of all the end uses on the market growth has been examined in the report.
The report answers important questions which include:
Why is player leading the in region?
Which factors pose a negative impact on the growth?
What was the value registered in 2018?
What challenges do the players face during R&D stages?
Which countries contribute a significant share to the total revenue in region?
Key findings of the market report:
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