INORGANIC ACIDS MARKET ANALYSIS

Market Challenges And Opportunities

Market Dynamics

Inorganic acids find application in various end-use industries such as metal refining, fertilizers, food and beverages, personal care (soaps and detergents, toothpaste), chemicals, and medical. For instance, HCL is used in pickling of steel, production of organic compounds such as vinyl chloride and dichloroethane for PVC and inorganic compounds such as iron (III) chloride and polyaluminium chloride (PAC). HNO3 is used as an oxidant to produce precursor to nylon, adipic acid and as a rocket propellant. Therefore, significant growth of end-use industries is expected to lead to high demand for inorganic acids, thereby propelling growth of the global inorganic acids market over the forecast period.

However, the toxic nature of inorganic acids may lead to harmful effects on the ecological system. Moreover, several organizations and governments are focusing on limiting the use of such acids. These factors are expected to hinder the market growth over the forecast period.