Hydrochloric acid (HCl) is a powerful, very corrosive acid that is commonly employed in industrial and scientific settings. Dissolving hydrogen chloride gas in water produces a colorless, smelly, and extremely acidic solution. Hydrochloric acid has a wide range of uses, including chemical reagents, pickling agents, and laboratory reagents for testing and analysis. It is also widely utilized in the manufacturing of organic and inorganic chemicals such as PVC and fertilizers.
The report "Hydrochloric Acid Market by Grade (Synthetic, By-product), Application, End-use industry (Food & Beverage, Pharmaceutical, Textile, Steel, Oil & Gas, Chemical), Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2027 ", is projected to grow from USD 2.5 billion in 2022 to USD 3.4 billion by 2027, at a CAGR of 6.6% during the forecast period.
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Synthetic grade segment to be the fastest-growing grade during the forecast period