INORGANIC ACIDS MARKET ANALYSIS
The global inorganic acids market size is expected to witness potential gains in the future and register a significant CAGR over the forecast period (2019 - 2027).
Market Overview
Inorganic acid, also known as mineral acid, is derived from an inorganic compound that dissociates to produce hydrogen ions (H+) and a conjugate base in water. These acids comprise hydrogen and non-metallic elements or their groups. Inorganic acids are hazardous to health and consuming inorganic acids can be fatal. Hydrofluoric acid (HF), sulfuric acid (H2SO4), nitric acid (HNO3), and hydrochloric acid (HCl) are some of the prominent examples of inorganic acids.
Market Trends
The global inorganic acids market is influenced by various trends such as increasing demand for fertilizers from the economies of China and India that majorly depend on agriculture. Nitric acid is a major component of fertilizers and is neutralized with ammonia to give ammonium nitrate. Moreover, the 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.
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