Mineral acids refer to acids obtained from one or even more inorganic composites. Each mineral acid leads to the formation of hydrogen & conjugate base ions when water-dissolved. Some of the most regularly used mineral acids are hydrochloric acid, nitric acid, and sulfuric acid.
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Mineral acids vary from strong to moderate and weak ones. They have a tendency for being insoluble in organic solvents and soluble in water. Mineral acids also find applications across the industry of chemicals. They serve as raw materials for the manufacture of inorganic & organic chemicals.
Huge amounts of these acids are synthesized for industrial applications in big plants. Mineral acids are even used directly for their corrosive features. These features favor the market and propel its revenues. The China mineral acid market is predicted to generate operating sales of around RMB 94.4 billion by 2017. From January to December 2012, market manufacturing earned about RMB 90.4 billion.
Sulfuric acid accounted for the largest consumption in 2012. It boasted of a domestic utilization of nearly 77.6 million tons that year. Sulfuric acid was followed by hydrochloric acid (8.9 million tons) and nitric acid (2.8 million tons) in 2012. The forthcoming market may face pressure from optimization promotions and industrial structural innovations.
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Additionally, it may encounter pressure from ‘backward production capacity’ eliminations. However, in terms of policies, the national twelfth five year plan states growth in the industry of chemical raw materials, opening decent prospects for the China mineral acid market. Thus, in the years ahead, the market could experience sluggish expansion and lay more emphasis on structural amendments.
This market is analyzed on various grounds. Some of these comprise sales, size, profitability, consumption, productivity, and export & import circumstances. Fiscal status, profiles, costs, geographical regions, and product kinds & revenues are the rest of the grounds on the basis of which the market is studied. Strategies adopted by thirteen key firms ensure huge market contribution.
Huge demand in China across its application & end-user segments is also projected to further the sales of the China mineral acid market.
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