Market Overview:
The global mineral acids market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for mineral acids from various applications such as agrochemicals & fertilizers, pigments & dyes, pharmaceuticals, explosives and others. In addition, the growing demand for mineral acids in emerging economies is also contributing to the growth of this market. However, factors such as volatility in prices of raw materials and stringent environmental regulations are restraining the growth of this market.
Product Definition:
A mineral acid is a type of inorganic acid that is derived from minerals. Mineral acids are used in a variety of industrial and commercial applications, including the production of pulp and paper, textiles, and detergents. They are also used as etching agents in the manufacture of semiconductors and other electronic components. In addition, mineral acids can be employed as cleaning agents or degreasers.
Agrochemicals & Fertilizers:
Agrochemicals & fertilizers are the two main products of mineral acids and their respective growth factors in the market. Agrochemicals include pesticides, herbicides, and fungicides. Fertilizers include anhydrous ammonia (Ammonium Nitrate) and urea (Urea nitrogen). Mineral acids are strong enough to dissolve rocks; hence they act as a powerful solvent for plant tissues with adverse effects on human health as well.
Pigments & Dyes:
Pigments & dyes are used in the manufacturing of mineral acids. Pigments are used to color the acid and dyes for its identification. Mineral acids such as hydrochloric, sulfuric, nitric, and phosphoric acid have different pigments and dyes applied according to their uses which is further described below.
Application Insights:
Hydrochloric acid dominated the global mineral acids market in terms of revenue share in 2017. It is widely used as a food additive and for the processing of agricultural products, including vegetables, fruits and grains. In addition, it finds application as an agrochemical & fertilizer and is also utilized for manufacturing pigments & dyes, pharmaceuticals and other related products. The product has widespread demand owing to its ability to act as a natural component in various processes such as fermentation, digestion aid (for humans), animal feed supplements (for animals) along with its use in explosives manufacturing process.
Sulphuric acid also held a significant market share on account of extensive usage across several industries including fertilizers & pesticides manufacturers; metal treatment facilities; oil refining; pulp & paper industry; chemical sector among others.
Regional Analysis:
Asia Pacific dominated the global mineral acids market in 2017 and is expected to witness a CAGR of XX% over the forecast period. The growth can be attributed to increasing industrialization, rising population, and rapid urbanization & infrastructure development in emerging economies such as China & India. In addition, growing demand for food products along with high agricultural production has led to an increase in fertilizer consumption across this region which will drive product demand further.
Growth Factors:
- Increasing demand from end-use industries such as automotive, construction, and packaging
- Growing awareness about the benefits of mineral acids among consumers
- Rising investments by manufacturers in research and development to develop new products
- Expansion of distribution networks by key players to cater to the growing demand for mineral acids globally
- Growing popularity of environmentally friendly and biodegradable mineral acids
Scope Of The Report
Report Attributes
Report Details
Report Title
Mineral Acids Market Research Report
By Type
Agrochemicals & Fertilizers, Pigments & Dyes, Pharmaceutical, Explosives, Others
By Application
Hydrochloric Acid, Sulphuric Acid, Nitric Acid, Phosphoric Acid, Boric Acid, Hydrogen Fluoride, Others
By Companies
Basic Chemical Solutions, General Chemical, PVS Chemicals, Azko Nobel, Basic Chemical Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
132
Number of Tables & Figures
93
Customization Available
Yes, the report can be customized as per your need.
Global Mineral Acids Market Report Segments:
The global Mineral Acids market is segmented on the basis of:
Types
Agrochemicals & Fertilizers, Pigments & Dyes, Pharmaceutical, Explosives, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hydrochloric Acid, Sulphuric Acid, Nitric Acid, Phosphoric Acid, Boric Acid, Hydrogen Fluoride, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Basic Chemical Solutions
- General Chemical
- PVS Chemicals
- Azko Nobel
- Basic Chemical Solutions
Highlights of The Mineral Acids Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Agrochemicals & Fertilizers
- Pigments & Dyes
- Pharmaceutical
- Explosives
- Others
- By Application:
- Hydrochloric Acid
- Sulphuric Acid
- Nitric Acid
- Phosphoric Acid
- Boric Acid
- Hydrogen Fluoride
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Mineral Acids Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Mineral acids are a type of acid that comes from minerals. They are found in rocks and soil, and they can be used to make chemicals and other products.
Some of the key players operating in the mineral acids market are Basic Chemical Solutions, General Chemical, PVS Chemicals, Azko Nobel, Basic Chemical Solutions.
The mineral acids market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Mineral Acids Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Mineral Acids Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Mineral Acids Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Mineral Acids Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Mineral Acids Market Size & Forecast, 2020-2028
4.5.1 Mineral Acids Market Size and Y-o-Y Growth
4.5.2 Mineral Acids Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Agrochemicals & Fertilizers
5.2.2 Pigments & Dyes
5.2.3 Pharmaceutical
5.2.4 Explosives
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hydrochloric Acid
6.2.2 Sulphuric Acid
6.2.3 Nitric Acid
6.2.4 Phosphoric Acid
6.2.5 Boric Acid
6.2.6 Hydrogen Fluoride
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Mineral Acids Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Mineral Acids Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Agrochemicals & Fertilizers
9.6.2 Pigments & Dyes
9.6.3 Pharmaceutical
9.6.4 Explosives
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hydrochloric Acid
9.10.2 Sulphuric Acid
9.10.3 Nitric Acid
9.10.4 Phosphoric Acid
9.10.5 Boric Acid
9.10.6 Hydrogen Fluoride
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Agrochemicals & Fertilizers
10.6.2 Pigments & Dyes
10.6.3 Pharmaceutical
10.6.4 Explosives
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hydrochloric Acid
10.10.2 Sulphuric Acid
10.10.3 Nitric Acid
10.10.4 Phosphoric Acid
10.10.5 Boric Acid
10.10.6 Hydrogen Fluoride
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Agrochemicals & Fertilizers
11.6.2 Pigments & Dyes
11.6.3 Pharmaceutical
11.6.4 Explosives
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hydrochloric Acid
11.10.2 Sulphuric Acid
11.10.3 Nitric Acid
11.10.4 Phosphoric Acid
11.10.5 Boric Acid
11.10.6 Hydrogen Fluoride
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Agrochemicals & Fertilizers
12.6.2 Pigments & Dyes
12.6.3 Pharmaceutical
12.6.4 Explosives
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hydrochloric Acid
12.10.2 Sulphuric Acid
12.10.3 Nitric Acid
12.10.4 Phosphoric Acid
12.10.5 Boric Acid
12.10.6 Hydrogen Fluoride
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Agrochemicals & Fertilizers
13.6.2 Pigments & Dyes
13.6.3 Pharmaceutical
13.6.4 Explosives
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hydrochloric Acid
13.10.2 Sulphuric Acid
13.10.3 Nitric Acid
13.10.4 Phosphoric Acid
13.10.5 Boric Acid
13.10.6 Hydrogen Fluoride
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Mineral Acids Market: Competitive Dashboard
14.2 Global Mineral Acids Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Basic Chemical Solutions
14.3.2 General Chemical
14.3.3 PVS Chemicals
14.3.4 Azko Nobel
14.3.5 Basic Chemical Solutions
