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...