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Hydrochloric acid, also known as HCl, is an extremely corrosive and powerful mineral acid.
It is a clear, colourless, and highly soluble liquid that is frequently employed in industrial and laboratory procedures, as well as digestion in the human body. It is naturally created in the stomach to aid in digestion and eliminate dangerous germs.
It is also utilised in the manufacturing of numerous compounds, including medicines, dyes, and fertilisers, as well as in metal refining. If not handled appropriately, hydrochloric acid can cause serious burns and damage to the skin, eyes, and other bodily tissues.
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The leading hydrochloric acid-producing countries are the United States, Germany, Saudi Arabia, France, Taiwan, and Italy.
Key Details About the Hydrochloric Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on the Hydrochloric Acid price in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The hydrochloric acid price chart, including India Hydrochloric Acid price, USA Hydrochloric Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting Hydrochloric Acid Price Trend:
Hydrochloric acid (HCl) is a significantly versatile chemical with several industrial uses. One of the most prevalent applications of hydrochloric acid is the manufacture of inorganic and organic compounds. It is used to make PVC (polyvinyl chloride) plastic, which is often used in the construction sector for pipes, flooring, and siding. Hydrochloric acid is also used to make fertilisers like ammonium chloride and potassium chloride.
It is used in the oil and gas sector for acidifying or "stimulating" wells to increase production. This entails pumping hydrochloric acid into the wellbore to dissolve the rock and create channels for the movement of oil and gas.
It is used in the food industry for food processing, such as the manufacturing of corn syrup, gelatin, and other food additives. It is also used to make soft drinks and as a food preservative.
It is used in the metal cleaning and finishing industry for pickling and descaling metals such as steel and iron. It is also used to clean and etch metals before plating, painting, or applying other surface treatments.
Key Players:
- Solvay SA
- Covestro AG
- Olin Corporation
- BASF SE
- AGC Inc
- The Dow Chemical Company
- Occidental Petroleum Corporation
Recent News and Development
- December 08, 2022: Hydrochloric acid (HCI), which is generated as a byproduct by many makers of intermediates, caustic soda, and specialty chemicals, is in relatively low demand from consumers such as chemical processors. As a result, suppliers now pay purchasers Rs 5 per kilogram of HCI. According to one segment of the chemicals business, this increases the risk to the environment since unethical players choose to dump HCH illegally in order to save money. GPCB is constantly monitoring cars transporting such garbage, which is adversely valued.
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Procurement Resource offers in-depth research on product pricing and market insights for more than 500 chemicals, commodities, and utilities updated daily, weekly, monthly, and annually. It is a cost-effective, one-stop solution for all your market research requirements, irrespective of which part of the value chain you represent.
We have a team of highly experienced analysts who perform comprehensive research to deliver our clients the newest and most up-to-date market reports, cost models, price analysis, benchmarking, and category insights, which help in streamlining the procurement process for our clientele. Our team tracks the prices and production costs of a wide variety of goods and commodities, hence providing you with the latest and consistent data.
To get real-time facts and insights to help our customers, we work with a varied range of procurement teams across industries. At Procurement Resource, we support our clients, with up-to-date and pioneering practices in the industry, to understand procurement methods, supply chain, and industry trends, so that they can build strategies to achieve maximum growth.
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