About Inorganic Acid
Inorganic acid is defined as the inorganic compound which has acidic properties. These acids are not made by any living organism and prepared from the minerals of the earth. It is also known as mineral acids. It does not any carbon and stronger than the organic acid. Hydrochloric acid, perchloric acid, nitric acid, boric acid, hydrofluoric acid, sulfuric acid, phosphoric acid, among others are some of the major examples of an inorganic acid. Increasing usage of inorganic acids in various application such as the Chemical Industry, Electronics Industry, and others are projected to drive the global inorganic acids market over the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 7.0% |
The market appears to be fragmented with numerous players who are involved in manufacturing Organic Rice Syrup based on consumers taste preferences and keeping in mind the health benefits provided by the Organic Rice Syrup. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Inorganic Acid market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Akzo Nobel N.V. (Netherlands), General Chemical Corp (United States), PVS Chemical Solutions, Inc. (United States) and Basic Chemical Solutions LLC (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Inorganic Acid market by Type (Oxyacid and Anaerobic Acid), Application (Chemical Industry, Electronics Industry and Other) and Region.
On the basis of geography, the market of Inorganic Acid has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Form, the sub-segment i.e. Solid will boost the Inorganic Acid market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
One of the latest trends of this market are Growing Shift toward Bio-Based Chemicals
Market Growth Drivers:
The rise in the Production of Nutrient-Rich Food Crops across the World and Steady and Sustainable Demand for Inorganic Acid Owing to Its Diversified Applications
Challenges:
Major Difficulties Involved in the Transportation of Sulfuric Acid, Major Concern regarding the Volatility in Raw Material Prices for Manufacturing Inorganic Acids and Growing R&D Cost for Manufacturing of the Inorganic Acid
Restraints:
The problem regarding the Strict Environmental Regulations Due to Toxicological Effects of Inorganic Acid and Issue related to High Production Costs of Inorganic Acids
Opportunities:
Increasing Potential Applications of Inorganic Acid and Rising Focus on Development of New Product and Growing Population and GDP Growth in a Region are Among Major Factors Influencing Demand for Organic Acids
Market Leaders and their expansionary development strategies
In April 2023, Momentive launched Harmonie, a Range of Natural Plant and Mineral Derived Ingredients. Harmonie is a result of dedicated R&D to create a product range where science and nature work together to provide an improved environmental profile across many beauty product applications without sacrificing performance.
Key Target Audience
Manufacturers of Inorganic Acids, Suppliers of Inorganic Acids, Wholesalers, Distributors, and Retailers of Inorganic Acids, Research and Development (R&D) Companies, Research Organization, Federal Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.