Hydrochloric Acid Market Procurement Outlook, Supplier Intelligence & Supplier Ranking�2027
Henry Jones07 Feb, 2022Business
The global hydrochloric acid market is valued at USD 1 billion in 2020 and it is expected to grow at a CAGR of 5% from 2021 to 2027 due to increasing demand from food processing and oil & gas industries. Globally, nearly 37% of all hydrochloric acid consumption is for the production of EDC, and 61% is used in the production of organic compounds, most of which is captive consumption. The remaining consumption is in several inorganic or merchant applications.
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