Inorganic Acids Market Overview, Dynamics and Outlook

Inorganic acids can be made from either inorganic or mineral substances. Sulfuric acid, hydrochloric acid, perchloric acid, nitric acid, boric acid, hydrofluoric acid, and phosphoric acid are examples of inorganic acids. Inorganic acids come in a variety of strengths. Inorganic acids have the property of being freely soluble in water but insoluble in organic substances or solvents. Inorganic acids are commonly utilised as raw materials in the manufacturing of many organic and inorganic chemicals.

 

Market Dynamics

Metal refining, fertilisers, food and drinks, personal care (soaps and detergents, toothpaste), chemicals, and medicine are all businesses that use inorganic acids. HNO3 is used as an oxidant to make nylon and adipic acid, as well as as a rocket propellant. As a result, considerable growth in end-use industries is likely to lead to increased demand for inorganic acids, propelling the worldwide inorganic acids market forward throughout the forecast period.

 

Inorganic Acids Market
Inorganic Acids Market

Market Outlook

The market is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa based on region. Growing demand for fertilisers from China and India, whose economies are heavily reliant on agriculture, is likely to propel the Asia Pacific market forward. Nitric acid is a common fertiliser component that is neutralised with ammonia to produce ammonium nitrate. Increased usage of acidic drain cleaners, soaps and detergents, and toothpaste is driving North America's market share. The increased production of rockets for space missions is predicted to increase demand for nitric acid, which will help North America's market grow. Increased usage of sulfuric acid as a cleaning agent in industry and hydrofluoric acid in oil refining are driving the market in the Middle East.

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