Hydrochloric Acid Market Size to Grow by USD 978.77 million, 5.72% YOY market growth in 2023-2024, Technavio
The food segment, valued at USD 689.47 million in 2018, drives significant growth in the hydrochloric acid market.
- The food segment, valued at USD 689.47 million in 2018, drives significant growth in the hydrochloric acid market.
- The report provides actionable insights and estimates the contribution of all regions to the growth of the global hydrochloric acid market.
- Expansion of hydrochloric acid facilities, like SGL Carbon's unit delivery to Travancore-Cochin Chemicals Ltd., drives market growth, enabling companies to enhance their market presence and offer a wider product range, boosting the global hydrochloric acid market.
- Substitutes like emerald-safe acid, phosphoric acid, sodium bisulfate, and trisodium phosphate pose challenges to hydrochloric acid market growth.