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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global High-pure Hydrochloric Acid market for 2018-2023.
High-purity hydrochloric acid is a pure aqueous solution of hydrogen chloride. It is a strong volatile acid with pungent odor, toxic, and corrosive. It reacts easily with most metals and metal oxides.
In consumption market, China and North America are the mainly consumption regions due to the bigger demand of downstream applications. In 2017, these two regions occupied 59.73% of the global consumption volume in total.
High-pure hydrochloric acid has several grades with different concentration, which include high-pure hydrochloric acid 31-33%, high-pure hydrochloric acid >33%. And each type has different applications relatively with different properties. With advantages of high-pure hydrochloric acid, the downstream application industries will need more high-pure hydrochloric acid products. So, high-pure hydrochloric acid has a huge market potential in the future.
The major raw material for high-pure hydrochloric acid is hydrogen and chlorine. There is fluctuation in price of raw materials in the past few years. The production cost of high-pure hydrochloric acid is also an important factor which could impact the price of high-pure hydrochloric acid.
Over the next five years, LPI(LP Information) projects that High-pure Hydrochloric Acid will register a 5.8% CAGR in terms of revenue, reach US$ 160 million by 2023, from US$ 110 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of High-pure Hydrochloric Acid market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Concentration: 31-33%
- Concentration>33%
Segmentation by application:
- Semiconductor
- Food Ingredient & Supplement
- Pharmaceutical
- Other
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- BASF
- Oxy Chem
- TOAGOSEI
- Detrex Chemicals
- KMG Electronic Chemicals
- Akzo Nobel
- PCC Group
- Vynova
- Dongyue Group Ltd
- Jinmao Group
- Suhua Group
- Sanonda
- Siping Haohua Chemical
- Suzhou Crystal Clear Chemical
- Jianghua Microelectronics Materials
- Chuandong Chemical
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
- To study and analyze the global High-pure Hydrochloric Acid consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of High-pure Hydrochloric Acid market by identifying its various subsegments.
- Focuses on the key global High-pure Hydrochloric Acid manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the High-pure Hydrochloric Acid with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of High-pure Hydrochloric Acid submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.