U.S. Hydrochloric Acid Market is projected to register a CAGR of 4.8% from 2021 to 2028
U.S. Hydrochloric Acid Industry Overview The U.S. hydrochloric acid market size was valued at USD 510.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 4.8% in terms of revenue from 2021 to 2028. This is attributed to the increasing water treatment activities across the country due to rising awareness regarding the environment. Hydrochloric acid is used in various applications such as oil well acidizing, food processing, steel pickling, ore processing, pool sanitation, calcium chloride, and others. The market has witnessed substantial growth over the past couple of years due to the growing construction activities in states such as California, Georgia, New York, Washington, and Pennsylvania. In 2020, food processing applications dominated the demand for hydrochloric acid due to high utilization for producing corn syrup, soy sauce, and other products. HCL is also used in oil well drilling applications to encourage the flow of crude oi...