• About us
  • Contact Us
  • Submit a Press Release
Monday, June 5, 2023
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
South-Africana
No Result
View All Result
Submit PR
  • AFRICA
    Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

    Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

    BZR on Coinstore – a Significant Milestone for Bazaars

    BZR on Coinstore – a Significant Milestone for Bazaars

    Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

    Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

    أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

    أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

  • Botswana

    Finance Bill 2023: Mbeere North MP Geoffrey Ruku Supports Tax … – Tuko.co.ke

    COMMENT: The diamond industry is in crisis and Botswana is going … – bne IntelliNews

    From Botswana to Taiwan, a dozen UW students receive Fulbright … – University of Washington

    Breed all about it! Botswana imports bulls and heifers from the US for insemination programme – News24

  • Eswatini

    Russian top diplomat Sergey Lavrov in Nairobi – Business Daily

    Taiwan excluded from WHO annual assembly following Chinese opposition – Yahoo Finance

    Tensions in Both Taiwan and Eswatini a Major Threat to their … – New Bloom Magazine

    Never Again – Until Next Time? Push To Pandemic-Proof The World … – Health Policy Watch

  • Lesotho

    Back to square one: political infighting again stalls Lesotho reforms – Institute for Security Studies

    Agriculture unlikely to benefit from Lesotho Highlands Water project – IOL

    President Cyril Ramaphosa jointly launches Phase 2 Lesotho … – South African Government

    New Lesotho government pledge to human rights in doubt – CAJ … – Caj News Africa

  • Namibia

    Who’s Suing Whom: May 29, 2023 – Business in Vancouver

    Namibia: Africa's Youth Must Drive Development – Nandi-Ndaitwah – AllAfrica – Top Africa News

    Namibia: Green Hydrogen Can Transform Namibia – Geingob – AllAfrica – Top Africa News

    Ban on poultry imports from Spain lifted – Namibia Economist

  • South Africa

    Relief for meat lovers in South Africa – but there are major red flags for veggies – BusinessTech

    AFRICA: NEFCO and CCA to finance clean cooking south of the Sahara – AFRIK 21

    New Subaru Crosstrek coming to South Africa – features and pricing – BusinessTech

    Intron Health reduces the time doctors spend taking notes – Techpoint Africa

    SCORECARD: How Nigeria's agriculture sector fared under Buhari – Premium Times

    Businesses in South Africa are buckling under load shedding – as liquidations climb – BusinessTech

    Trending Tags

    • Press releases
      Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

      Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

      الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

      الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

      الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

      Riyadh hosts second edition of Global Project Management Forum

      AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury

      AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury

      3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

      3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

      Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)

      Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)

      Trending Tags

      • AFRICA
        Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

        Annual Investment Meeting 2023 to Explore the Role of Digital Technology in Designing Future Cities

        BZR on Coinstore – a Significant Milestone for Bazaars

        BZR on Coinstore – a Significant Milestone for Bazaars

        Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

        Kaafmeem to Provide VIP Clothing for Saudi Motorsport Company during Formula1 event in KSA.

        أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

        أعرب 83٪ من المسلمين عن ولعهم بالمنتجات والخدمات الصديقة للبيئة ، وفقا لاستطلاع أجرته TGM Research

      • Botswana

        Finance Bill 2023: Mbeere North MP Geoffrey Ruku Supports Tax … – Tuko.co.ke

        COMMENT: The diamond industry is in crisis and Botswana is going … – bne IntelliNews

        From Botswana to Taiwan, a dozen UW students receive Fulbright … – University of Washington

        Breed all about it! Botswana imports bulls and heifers from the US for insemination programme – News24

      • Eswatini

        Russian top diplomat Sergey Lavrov in Nairobi – Business Daily

        Taiwan excluded from WHO annual assembly following Chinese opposition – Yahoo Finance

        Tensions in Both Taiwan and Eswatini a Major Threat to their … – New Bloom Magazine

        Never Again – Until Next Time? Push To Pandemic-Proof The World … – Health Policy Watch

      • Lesotho

        Back to square one: political infighting again stalls Lesotho reforms – Institute for Security Studies

        Agriculture unlikely to benefit from Lesotho Highlands Water project – IOL

        President Cyril Ramaphosa jointly launches Phase 2 Lesotho … – South African Government

        New Lesotho government pledge to human rights in doubt – CAJ … – Caj News Africa

      • Namibia

        Who’s Suing Whom: May 29, 2023 – Business in Vancouver

        Namibia: Africa's Youth Must Drive Development – Nandi-Ndaitwah – AllAfrica – Top Africa News

        Namibia: Green Hydrogen Can Transform Namibia – Geingob – AllAfrica – Top Africa News

        Ban on poultry imports from Spain lifted – Namibia Economist

      • South Africa

        Relief for meat lovers in South Africa – but there are major red flags for veggies – BusinessTech

        AFRICA: NEFCO and CCA to finance clean cooking south of the Sahara – AFRIK 21

        New Subaru Crosstrek coming to South Africa – features and pricing – BusinessTech

        Intron Health reduces the time doctors spend taking notes – Techpoint Africa

        SCORECARD: How Nigeria's agriculture sector fared under Buhari – Premium Times

        Businesses in South Africa are buckling under load shedding – as liquidations climb – BusinessTech

        Trending Tags

        • Press releases
          Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

          Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

          الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

          الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

          الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

          Riyadh hosts second edition of Global Project Management Forum

          AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury

          AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury

          3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

          3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

          Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)

          Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)

          Trending Tags

          Submit PR
          No Result
          View All Result
          South-africana
          Submit PR
          Home Press Releases

          Inorganic Acid Market Size Forecast to Grow at a CAGR of 4.7% During the Forecast Period 2021-2026

          admin by admin
          February 14, 2022
          in Press Releases
          Share on FacebookShare on Twitter


          (EMAILWIRE.COM, February 14, 2022 ) Inorganic Acid market size is forecasted to grow at a CAGR of 4.7% during the forecast period 2021-2026. This can be attributed to its use in fertilizers. An inorganic acid is an acid derived from one or more inorganic compounds. It is also known as mineral acid. Inorganic acids form hydrogen ions and conjugate base ions when dissolved in water. Commonly used inorganic acids are sulphuric acid, hydrochloric acid, nitric acid, and phosphoric acid. Inorganic acids are very soluble in water and insoluble in organic solvents. Inorganic acids are used in many sectors of the chemical industry as feedstocks for the synthesis of other chemicals, both organic and inorganic. Large quantities of these acids particularly sulphuric acid, nitric acid, and hydrochloric acid are manufactured for commercial use in large plants. Increasing demand for agrochemicals & fertilizers in developing countries is expected to drive the inorganic acid industry substantially during the forecast period.

          Inorganic Acid Market COVID-19 Impact

          The pandemic affected the global economy with repercussions for both supply and demand. Due to the rapidly rising cases, containment measures in place such as lockdowns and social distancing led to the closure of factories. The chemical industry plays an important role in the production of plastics, fertilizers, medicines, packaging, etc. Hence, the chemical industry can be regarded as the backbone of most of the manufacturing industries. The pharmaceutical industry is also dependent on the chemical industry to carry out their manufacturing activities as they cannot function without the basic chemicals like caustic soda, chlorine, sulphuric acid, etc. Hence, the closure of this industry affected the other industries as well leading to a lack of raw materials, supply chain disruptions, and more. This impacted the inorganic acid market in 2020.

          Inorganic Acid Market Segment Analysis – By Chemistry

          The sulphuric acid segment held the largest share in the inorganic acid market and is expected to rise at a CAGR of 3.6% during the forecast period. About 75% of the manufactured sulphuric acid is used to synthesize fertilizers, superphosphate in particular. Sulphuric acid is highly reactive and can dissolve most metals. Sulphuric acid (H2SO4) is a basic raw material used in a wide range of industrial processes and manufacturing operations. It is also good for removing oxidation from iron and steel, so it is used in large quantities by metal manufacturers. The most well-known application is its use as an electrolyte in lead-acid storage batteries. Other applications include the manufacture of high-octane gasoline, explosives, rayon, the processing of uranium, and the pickling of steel. Owing to all the multitude of applications, sulphuric acid is set to dominate the market during the forecast period.

          Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=15902

          Report Price: $ 4500 (Single User License)

          Inorganic Acid Market Segment Analysis – By Basicity

          The monobasic acid segment held the largest share in the inorganic acid market in 2020. Hydrochloric acid, nitric acid, and hydrofluoric acids are monobasic, meaning they can donate only one proton (hydrogen ion) to a base in an acid-base reaction. Hence, a monobasic acid has only one hydrogen atom to donate. Hydrochloric acid is used industrially to process steel. It is also used in the production of batteries, photoflash bulbs, and fireworks. Nitric acid is an important industrial chemical used for the production of fertilizers and explosives. Hydrofluoric acid is used mainly for glass etching, metal cleaning, etc. More than 90% of the high-purity hydrofluoric acid is used in semiconductor production processes worldwide. Semiconductors are crucial in all electronic devices due to which they fin applications across all industries medical and healthcare, telecommunications, energy, finance, transportation, agriculture, manufacturing, aerospace and defense. Throughout this pandemic, semiconductor devices have become increasingly prevalent, particularly in ventilators, vital signs monitors, ultrasound devices, and an array of other essential medical equipment. Therefore, the medical semiconductor segment is growing faster than the overall industrial semiconductor market which boosts the growth of hydrofluoric acid. This has a positive impact on the growth of the monobasic acid segment in the inorganic acid market.

          Inorganic Acid Market Segment Analysis – By Strength

          The strong acid segment held the largest share of more than 60% in the inorganic acid market in 2020. Sulphuric acid, nitric acid, and hydrochloric acid are the strongest acids known. They are so corrosive that they even dissolve metals. Iron and steel equipment are rust-prone. Rust is specific to metals containing iron, which includes all types of iron (wrought iron, cast iron) and steel (carbon steel, stainless steel). Rust can make iron and steel brittle. So, industries use rust remover acids to remove rust. Strong acids work by dissolving rust. Many acid-based rust removal products are gel formulations. Once applied, the gel will start to dissolve the rust. Mineral acids such as hydrochloric acid and sulphuric acid clean away the outer layer of rust. Industrial rust removal products containing strong acids may be ideal for serious rust problems that must be resolved quickly. Owing to these industrial applications, strong acids are set to fuel the growth of the inorganic acid market during the forecast period.

          Inorganic Acid Market Segment Analysis – By Application

          The fertilizers segment held the largest share in the Inorganic Acid market in 2020 and is growing at a CAGR of 4.1% during 2021-2026. Fertilizers are deemed essential to enable sustainable crop production. Sulphuric acid, nitric acid, and phosphoric acid are used to produce fertilizers. Around half of the produced sulphuric acid in the world is used in agriculture, particularly in the fertilizer industry. Sulphuric acid is specifically used to manufacture phosphate fertilizers, particularly superphosphate of lime and ammonium sulphate. Nitric acid is the feedstock in the industrial production of nitrates for fertilizers. Within the last five decades, the demand for nitrogen fertilizers has grown dramatically to improve crop yield. Phosphoric acid is used to manufacture other fertilizers. The reaction of phosphoric acid with finely ground rock phosphate yields triple superphosphate. As the use of fertilizers increases, the consumption of inorganic acids also increases.

          Inorganic Acid Market Segment Analysis – By End-Use Industry

          The agriculture segment held the largest share in the inorganic acid market in 2020. Fertilizers enhance agricultural productivity by restoring soil nutrients. Unless the nutrients are replenished, the soil’s productive capacity declines with every harvest. To ensure food security and increase the productivity of crops, there is a high demand for fertilizers. Around the world, farmers use fertilizers with three primary nutrients such as nitrogen, phosphorus and potassium, to improve the quality and yield of crops. Some fertilizers, such as two-component fertilizers Monoammonium Phosphate (MAP) and Diammonium Phosphate (DAP), offer farmers an effective means of delivering both nitrogen and phosphorus to soils. Sulphuric acid is used as a key first step in the production of both MAP and DAP, after which it is mixed with phosphate rock to produce phosphoric acid. Farmers are adopting more quantities of two-component fertilizers such as MAP and DAP as it is easy to deliver necessary amounts of nitrogen and phosphorus to soils and helps in producing an effective yield. Inorganic acids are essential to modern farming methods because they are used in the production of fertilizers which in turn increases agriculture revenue. Therefore, the growth in the agriculture industry fuels the growth of the inorganic acid market.

          Inorganic Acid Market Segment Analysis – By Geography

          The Asia-Pacific region held the largest share in the Inorganic Acid market in 2020 up to 38%, owing to the increased usage of agrochemicals in the region. Agriculture is the backbone of Asian countries. According to the Fertilizer Association of India (FAI), the total consumption of fertilizers was 60,595.5 tonnes in 2019-2020 compared to 56,805.9 tonnes in 2018-2019. According to FAOSTAT, China ranks first in the world in terms of the production of cereals, cotton, fruits, and vegetables. According to OECD-FAO Agricultural Outlook, China accounted for 16% of the total global wheat production, 26% of the total global rice production, and 17% of the total global roots and tubers production in 2020. According to a report by China Agriculture Industry Development, by 2035 China plans to become self-sufficient in staple foods, like rice, corn, and wheat. This in turn has led to an increased demand for agrochemicals in the country to increase crop yield. Hence, this region is forecasted to dominate the inorganic acid market during the forecast period.

          Inquiry Before Buying @ https://www.industryarc.com/reports/request-quote?id=15902

          Inorganic Acid Market Drivers

          Increasing Demand for Agrochemicals in Growing Economies

          Agriculture is often deemed a national security priority by countries as those products are necessary for existing. As Asian countries are expanding the sector through diversification of agriculture and extensive multiple cropping programs, the demand for agricultural fertilizers has continued to grow here. In 2020, agriculture, aquaculture, and forestry sectors contributed 14.9% to Vietnam’s GDP. Coffee accounts for 3% of Vietnam’s GDP and about 15% of its agricultural exports. Vietnam is the world’s largest producer by far of Robusta coffee, and the second largest producer of coffee overall. According to the World Bank, the coffee sector in Vietnam employs 550,000 smallholder farmers. 80% of Vietnam’s coffee is grown in the Central Highlands region. Fertilizer costs and labor are the largest investment of a coffee farm. In order to achieve the maximum yield of coffee beans, fertilizers are required. Thus, the increasing usage of agrochemicals in growing economies acts as a driver for the inorganic acid market during the forecast period.

          Rapid Development of the Food & Beverage Industry

          Carbonic acid and Phosphoric acid are commonly used in the food and beverage industry. Carbon dioxide forms carbonic acid when dissolved in water. Carbonic acid, found in all carbonated beverages, is responsible for their fizz. It is also present in fermented foods as a byproduct of the fermentation of bacteria. Phosphoric acid is used as a flavoring agent and acidity regulator in various foods and beverages. Phosphoric acid gives soft drinks a tangy flavor and prevents the growth of mold and bacteria, which can multiply easily in a sugary solution. Most of the soda’s acidity also comes from phosphoric acid. Food-grade phosphoric acid is used to acidify foods and beverages such as fizzy sodas and jams, providing a tangy or sour taste. Hence, phosphoric acid has gained benefits from the rapid development of the food and beverage industry which drives the inorganic acid market.

          Inorganic Acid Market Challenges

          Toxicity

          Common mineral acids such as hydrochloric, phosphoric, nitric and sulphuric acid are toxic. All of the mineral acids are corrosive and cause severe burns. For instance, sulphuric acid is highly corrosive and toxic. Exposure can occur from inhalation, ingestion, and skin contact. Inhalation of sulphuric acid may cause irritation and chemical burns to the respiratory tract, nose, and throat. Another deadly property of sulphuric acid is its carcinogenicity. The International Agency for Research on Cancer (IARC) has classified strong inorganic acid mists containing sulphuric acid as a group 1 known human carcinogen. Such factors are a major challenge of inorganic acid which constrains the growth of the market.

          Inorganic Acid Market Landscape

          Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Inorganic Acid market. Inorganic Acid market top companies are:

          BASF SE

          DuPont de Nemours Inc

          Evonik Industries

          Formosa Plastics

          INEOS Enterprises

          Dow Chemical

          LG Chem.

          LyondellBasell Industries

          Akzo Nobel

          Bayer and others

          Acquisitions/Technology Launches

          In August 2021, INEOS Enterprises announced the completion of the sale of its Sulphur Chemicals business to International Chemical Investors Group. INEOS Sulphur Chemicals business is Spain’s largest dedicated manufacturer of sulphuric acid and oleum serving end-applications ranging from agriculture to chemical intermediates.

          Key Takeaways

          Asia-Pacific dominates the inorganic acid market, owing to the agricultural industry in the region. According to Invest India, India’s agriculture technology can grow to $24.1 billion by 2025.

          Hydrochloric acid, Sulphuric acid, and Nitric acid are the strongest inorganic acids capable of dissolving metals. They are highly corrosive.

          Sulphuric acid and Nitric acid are mainly used in the production of fertilizers to improve soil fertility as they add essential nutrients to replenish the soil.

          Related Reports:

          A. Organic Acids Market

          https://www.industryarc.com/Report/16128/organic-acids-market.html

          B. Butyric Acid Market

          https://www.industryarc.com/Report/15665/butyric-acid-market.html

          For more Chemicals and Materials Market reports, please click here

          About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



          Source link

          Previous Post

          Robotic Sensor Market Size Forecasted to Reach $2.4 Billion by 2026

          Next Post

          Aditya Birla Sun Life AMC Limited’s offshore arm appoints Sarath Sathkumara to head investments for its international business

          Related Posts

          Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو
          Press Releases

          Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

          May 31, 2023
          الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع
          Press Releases

          الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

          May 31, 2023
          الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع
          Press Releases

          Riyadh hosts second edition of Global Project Management Forum

          May 31, 2023
          AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury
          Press Releases

          AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury

          May 29, 2023
          3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation
          Press Releases

          3D Surveillance Software Market to Hit USD 176.66 Bn by 2029: Competitive Landscape, Trends, Statistics, and Segmentation

          May 29, 2023
          Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)
          Press Releases

          Lighting Transformer Market to reach USD 3 Bn by 2029, emerging at a CAGR of 5.4 percent and forecast (2023-2029)

          May 29, 2023

          Discussion about this post

          LATEST NEWS

          Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

          Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو

          May 31, 2023
          الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

          الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

          May 31, 2023
          الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع

          Riyadh hosts second edition of Global Project Management Forum

          May 31, 2023
          AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury

          AND BEYOND: A new era of Production and Digital Engagement with Marwan Khoury

          May 29, 2023

          About

          South Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Southern African countries.

          We provide press release distribution to media outlets in Africa including Botswana, Eswatini, Lesotho, Namibia and South Africa. To submit a press release today, contact us.

          Categories

          BOTSWANA

          ESWATINI

          LESOTHO

          NAMIBIA

          SOUTH AFRICA

          PRESS RELEASES

          Recent Post

          Recent Posts
          • Neutrino Energy: استكشاف الإمكانات غير المستغلة لطاقة النيوترينو
          • الرياض تستضيف فعاليات الدورة الثانية من المنتدى العالمي لإدارة المشاريع
          • Riyadh hosts second edition of Global Project Management Forum

          Subscribe to Our Newsletter

            Share Us

            Share on facebook
            Share on twitter
            Share on linkedin
            Share on pinterest
            South Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC
            No Result
            View All Result
            • AFRICA
            • Botswana
            • Eswatini
            • Lesotho
            • Namibia
            • South Africa
            • Press releases

            © 2022 Copyright SOUTH-AFRICANA