Posts

Showing posts with the label Organic Chemicals

U.S. Hydrochloric Acid Market Worth $796.2 Million By 2028

U.S. Hydrochloric Acid Industry Overview The  U.S. hydrochloric acid market  size is estimated to reach USD 796.2 million by 2028 according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 4.8% from 2021 to 2028. The growth can be attributed to the increasing consumption of HCL in the food and beverages industry as an acidifier coupled with rising demand for steel in the construction industry for manufacturing construction materials, such as metal roofing, steel beams, and mounting brackets. U.S. Hydrochloric Acid Market Segmentation Grand View Research has segmented the U.S. hydrochloric acid market based on application and states: Based on the Application Insights, the market is segmented into Oil Well Acidizing, Food Processing, Steel Pickling, Ore Processing, Pool Sanitation, Calcium Chloride, Others. The food processing segment accounted for the largest revenue share of 30% in 2020. This is attributed to higher usage of...

U.S. Acids Market Size Worth $9.6 billion By 2028 | CAGR: 5.4%

U.S. Acids Industry Overview The U.S. acids market size was valued at USD 6.3 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% from 2021 to 2028. The growth is attributed to increasing demand for convenience food along with technological innovations for the production of cost-effective products in the country. The demand for organic acids is growing in the animal feed industry due to their ability to improve the performance of aqua, poultry, swine, and other feeds. Numerous research initiatives and investments have been made in the microbial fermentation process to increase productivity and yield through the selection of new strains. This can be achieved by improving the recovery and process of purification, optimizing the fermentation process, and employing genetically modified microorganisms. Gather more insights about the market drivers, restrains and growth of the   U.S. Acids Market Antibiotics are shown to improve weight gain ...