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Hydrochloric Acid | |
| Hydrochloric acid is naturally produced by cells in our bodies to help digest food in the stomach. Hydrochloric acid is also synthetically produced for a variety of industrial and commercial applications. For these applications, hydrochloric acid is formed by dissolving hydrogen chloride gas in water. Hydrochloric acid is a colorless inorganic chemical system with the formula H2O:HCl. Hydrochloric acid has a distinctive pungent smell. It is mainly produced as a precursor to vinyl chloride for PVC. It is classified as strongly acidic and can attack the skin over a wide composition range, since the hydrogen chloride practically dissociates completely in solution. Hydrochloric acid is a strong, corrosive acid that can be used to make steel for bridges and cars. It is used in the chemical industry in the large-scale production of vinyl chloride for PVC plastic, and it is one of the chemicals that produces polyurethane foam and calcium chloride. Hydrochloric acid, once referred to a muriatic acid, is a caustic liquid sometimes used to acidify water and soil to achieve a lower pH level for plant growth. However, this liquid can kill plants when used in high concentrations, so caution is needed. Hydrochloric acid is the salt of hydronium ion, H3O+ and chloride. It is almost always prepared by treating hydrogen chloride (HCl) with water. The global hydrochloric acid market is projected to witness substantial growth throughout the forecast period, thanks to the increasing number of applications of hydrochloric acid. In addition, the rising focus of key players on the expansion of the product portfolio in order to enhance their market presence and create a niche across the globe is estimated to supplement the growth of the global hydrochloric acid market in the coming years. With these factors, the market is expected to register a healthy growth rate throughout the forecast period. Global hydrochloric acid (HCl) or muriatic acid market is poised to witness growth over the forecast period owing to increasing demand from application industries such as water treatment, food processing and oil & gas. In addition, growing HCl use in steel and pharmaceutical industry is expected to drive the market over the next six years. The hydrochloric acid market is expected to register significant growth during the forecast period (2018 - 2023). The major driving force for the market is the increasing demand for acidization of oil wells in the oil & gas industry. The Global Hydrochloric Acid Market is expected to witness a significant growth of USD ~ 1869.559 million by 2023 with CAGR of ~5.0% between 2016 and 2023 Hydrochloric Acid is one of the names for muriatic acid with the chemical formula HCl. It is also known as acidum salis or spirits of salt. Hydrochloric Acid is a, transparent, very strong solution of hydrogen chloride in water. | |
| Plant capacity: - | Plant & machinery: - |
| Working capital: - | T.C.I: - |
| Return: 1.00% | Break even: N/A |
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