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Inorganic Acids Market: Introduction

  • Inorganic acids are procured from inorganic compounds or mineral compounds. Some such inorganic acids are sulfuric acid, hydrochloric acid, perchloric acid, nitric acid, boric acid, hydrofluoric acid, and phosphoric acid. Inorganic acids have varied levels of strength. A characteristic of inorganic acids is that they tend to be easily soluble in water and insoluble in organic compounds or solvents. Inorganic acids are primarily used as raw materials in the production process of different organic as well as inorganic compounds.

Key Drivers of Inorganic Acids Market

  • Rise in global population has led to an increase in demand for food. This is driving the global inorganic acids market. This has also led to rise in demand for fertilizers, which in turn has boosted demand for inorganic acids used in the manufacture of fertilizers. Inorganic acids are also employed in the metal extraction process. Expansion in end-use markets is likely boost the inorganic acids market.
  • A popular inorganic acid, hydrochloric acid, which is typically obtained as a byproduct during the manufacture of organic compounds, is utilized in the chlorine industry. Large amount of hydrochloric acid is used in the manufacture of ethylene di-chloride. Silicone production also requires large amount of hydrochloric acid. Aqueous hydrochloric acid or muriatic acid is used in steel pickling, food, calcium chloride, brine treatment, and oil well acidizing.
  • Besides hydrochloric acid, sulfuric acid is another inorganic acid that is used in a number of industries. Prominent among them is the fertilizer industry, for over half of the sulfuric acid manufactured is used in production of agricultural fertilizers. Super phosphate of lime as well as ammonium sulfate is manufactured using sulfuric acid. Other notable applications that use sulfuric acid are the manufacturing process of different chemicals such as sulfate salts, nitric acid, pigments and dyes, explosives, drugs, and synthetic detergents.
  • Nitric acid is also used widely in the manufacture of fertilizers. More than 80% of nitric acid is used to produce ammonium nitrate, an effective plant fertilizer. Nitric acid is also used to manufacture nitroaromatics, which are used in the production of polyurethanes. Hexane dioic acid is employed in the manufacture of polyamides. Most of the other inorganic acids have similar applications as raw materials for different chemical compounds.

Restraints of Inorganic Acids Market

  • Despite the potential economic advantages associated with inorganic acids, there are several drawbacks that are projected to restrain the overall development of the global market. For instance, the toxic nature of inorganic acids can lead to harmful effects on the ecological system. Several governments and organizations are focusing on limiting the use of such toxic acids. These factors are expected to create hurdles in the market during the forecast period.
  • Solutions of inorganic acids are not flammable in themselves; however, when they come into contact with certain other chemical substances or combustible materials, a fire or explosion may result. These acids react with certain metals with the liberation of hydrogen, which is a highly flammable and explosive substance when mixed with air or oxygen. They may also act as oxidizing agents, and when in contact with organic or other oxidizable materials, may react destructively and violently.

COVID-19 Impact on Inorganic Acids Market

  • The COVID-19 outbreak is hampering the demand for inorganic acids in many applications. Governments of various countries across the globe have enforced lockdown measures to curb the spread of the disease. This has resulted in the slowdown and halt in manufacturing operations, restrictions on supply and transport, and infrastructure slowdown. In turn, this has led to a decline in in demand for inorganic acids across the globe.
  • Key players operating in the inorganic acids market are primarily tier I and tier II manufacturers and suppliers. Manufacture and supply chain facilities of these manufacturers have spread across various countries in Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. Many of these players have halted their production output over the last few months due to the COVID-19 pandemic. The pandemic has negatively impacted the demand and supply chain of inorganic acids.

Asia Pacific to Hold Major Share of Inorganic Acids Market

  • In terms of geography, Asia Pacific consumes maximum inorganic acids, globally, due to the presence of numerous chemical manufacturing industries as well as fertilizer industries in the region. Increase in demand for fertilizers in China and India that majorly depend on agriculture is expected to boost the market in Asia Pacific.
  • China is a key market in Asia Pacific, as it produces and consumes a copious amount of inorganic acid. Europe follows Asia Pacific in terms of amount of inorganic acid produced.
  • North America also accounts for vital share of the global market. The market share of North America is primarily driven by increasing consumption of home and personal care products such as acidic drain cleaners, soaps and detergents, and toothpaste in the region

Inorganic Acids Market: Key Players

Major companies operating in inorganic acids market are:

  • Basic Chemical Solutions LLC
  • General Chemical USA
  • PVS Chemicals, Inc.
  • Azko Nobel N.V.
  • Navin Fluorine International Limited

Inorganic Acids Market: Research Scope

Inorganic Acids Market, by Type

  • Hydrochloric Acid
  • Sulfuric Acid
  • Nitric Acid
  • Phosphoric Acid
  • Boric Acid
  • Hydrofluoric Acid
  • Others (including Perchloric Acid, Iodic Acid, Sulfamic Acid, and Hydrobromic Acid)

Inorganic Acids Market,by Application

  • Agrochemicals & Fertilizers
  • Pigments & Dyes
  • Pharmaceutical
  • Explosives
  • Others (Including Electronics, Cleaning, Pickling, Tanning, and Other Chemical Synthesis)

Inorganic Acids Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • ASEAN
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Inorganic Acids Market

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