NEW YORK, June 10, 2019 (GLOBE NEWSWIRE) -- The demand for Anhydrous Hydrogen Chloride market is projected to reach 2.63 billion USD by 2025, actuating at an estimated CAGR of 2.4% from 2019 to 2025. Anhydrous hydrogen chloride, AHCl, is a colorless gas and is readily absorbed in water to form hydrochloric acid. Being hydroscopic in nature, the gas forms white fumes in moist air attract moisture which are a mist of hydrochloric acid.
The demand for AHCL is due to its usage as fundamental raw material in the manufacturing of variety of useful chemical products used across pharmaceutical, metal & mining, industrial, semiconductor & electronic and consumer application. Moreover, advancement in processing technology enables it to be produced in larger quantity, in simplistic manner and at relatively low cost.
Key findings from the report:
• The global Anhydrous Hydrogen Chloride market is expected to reach 2.63 billion USD by 2025 at a CAGR of 2.4%
• Based on Application:
- Chemical manufacturing is accounted to hold majority share of the market in 2018, while application such as rubber manufacturing, ore processing are expected to register steady growth over the forecast period
Based on End-Use:
- Usage of AHCL in pharmaceuticals industry has increased owing to high standard of hygine. Moreover high demand for high purity gases in semiconductor & electronics have led to increasing usage of AHCL in the industry
• Based on Region
- Asia-Pacific held the majority of the share of the global market in 2018. Asia-Pacific is expected to exhibit high CAGR over the forecast period
• Some of the key companies operating in the market include- Versum Materials, Niacet. Gas Innovations, Praxair, Linde Industrial Gas, Air Liquide, BASF, Wanhua Chemcial, Alexander Chemical Corporation and among others
Browse full research report with TOC on " Global Anhydrous Hydrogen Chloride (AHCl) Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2019-2025 " at: https://www.energiasmarketresearch.com/global-anhydrous-hydrogen-chloride-market-report/
To purchase report: sales@energiasmarketresearch.com
Anhydrous Hydrogen Chloride : Component to large base of end-user industries
Widely demanded in diverse industries, AHCL gas find its application where strong acids are needed. The application includes activating oil wells, ore reduction, metallic pickling, electroplating metals, and food processing among others. AHCL is an vital component in organic chemical synthesis and is used widely in pharmaceutical and rubber manufacturing as an intermediate. AHCL in an electronic grade is used in Semiconductor Equipment and Materials and have gained popularity as high purity gas. Moreover, AHCL usage as component of commercial chemicals is used widely to clean and disinfect swimming pools. Further, use of AHCL in consumer application such as welding & soldering, ph regulator, water treatment products and textile fibers drive its demand in the global market. Wide acceptance across range of industry tends to drive the steady demand for AHCL in the global market.
Regional Insight
Asia-Pacific is the largest AHCL market over the globe in 2018 and is expected to have a positive high impact on global market during the forecast period. Rapid industrialization with large economies of scale has resulted in the expansion of numerous industries at larger scale, driving the demand for industrial gases such as AHCL used for different application. In addition, the growth-rate is propelled by the rapid growth of semiconductor devices industries in various developing nations in Asia-Pacific, such as China, India, South Korea and Japan. Technological advancement to further purifiy electronic grade AHCL coupled with presence of major key players drives the demand for AHCL in North America
The report segments global Anhydrous Hydrogen Chloride market on the basis of Type , application, manufacturing process, end-use and region.
AHCL Market, By Type
- Electronic Grade
- Technical Grade
AHCL Market, By Application
- Steel Pickling
- Oil field acidizing
- Industrial Cleaning
- Chemical Manufacturing
- Ore Processing
- Dyes and Pigment Manufacturing
- Food Processing
- Others (Rubber Manufacturing)
By Manufacturing Process
- Organic
- Inorganic
By End-Use
- Chemical Industry
- Semiconductor Industry
- Pharmaceutical Industry
- Metal & mining
- Textiles
- Others
- Inorganic
By Region
- North America
- Asia-Pacific
- Europe
- Rest of the World
° Central and South America (CSA)
° Middle East and Africa (MEA)
Find more research reports on Chemical and Material Industry, by Energias Market Research:
- Soy Based Chemicals Market - The global soy based chemicals market is likely to expand from USD 19.5 billion to USD 34.1 billion by 2024, witnessing a CAGR of 8.1% over the forecast period. The growth can be primarily attributed to growing use of soy based chemicals across a diverse range of applications. Soy based chemicals are increasingly being used as an environmental friendly alternative for conventional petroleum based chemicals, which is further driving its market growth. Also, increasing investments in research & development activities is expected to propel the market demand over the forecast period.
- Ethylene Oxide Market - The global ethylene oxide market is expected to witness a CAGR of 6.3 % to reach USD 65.0 billion by 2024. Increasing demand for antifreeze from automobile industry is likely to fuel the market growth over the forecast period. Moreover, high demand for polyester fibers and PET resins is expected to propel the market growth during 2018 – 2024.
- Oxygenated Solvents Market - The global oxygenated solvents market is expected to grow at a CAGR of 7.3% during 2017 – 2023 to reach USD 32.34 Billion by 2023. Factors propelling the growth of oxygenated solvents market include increasing applications of conventional solvents and growing demand for bio and green solvents to reduce VOCs. The report segments the oxygenated solvents market by Source (Conventional Solvents and Bio & Green Solvents), by Type (Alcohols, Esters, Ketones, Glycol Ethers, Glycols, and Bio & Green Solvents), by Application (Paints and Coatings, Pharmaceuticals, Crop Protection, Personal Care, Cleaners, Lubricants, and Others), and by Region (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report studies the global oxygenated solvents market over the forecast period (2017-2023).
- High Purity Silicon Oxide Nanopowder Market - Global high purity silicon oxide (SiOx) nanopowder market is expected to expand at a CAGR of 38.9% from 2019 to 2024. Factors propelling the growth of high purity silicon oxide (SiOx) nanopowder market include increasing demand for batteries with higher energy capacity for applications in consumer electronics & utility storage, high cost of Li-ion batteries, and demand of high specific energy batteries in electric vehicles. High purity Silicon oxide (SiOx) nanopowder is used as anode material in Lithium-ion batteries; it increases the energy capacity of the batteries and significantly reduces battery cost.
About Energias Market Research Pvt. Ltd. -
Energias Market Research launched with the objective to provide in-depth market analysis, business research solutions, and consultation that is tailored to our client’s specific needs based on our impeccable research methodology.
With a wide range of expertise from various industrial sectors and more than 50 industries that include energy, chemical and materials, information communication technology, semiconductor industries, healthcare and daily consumer goods, etc. We strive to provide our clients with a one-stop solution for all research and consulting needs.
Our comprehensive industry-specific knowledge enables us in creating high quality global research outputs. This wide-range capability differentiates us from our competitors.
Contact:
Mr. Alan Andrews
Business Development Manager
For any queries email us: info@energiasmarketresearch.com
To purchase report: sales@energiasmarketresearch.com
Call us: +1-716-239-4915