Global Hydrochloric Acid Electrolysis Market Research Report – Forecast to 2023

 

Market Research Future published a half-cooked research report on Hydrochloric Acid Electrolysis Market Is Expected to Grow at a Higher Pace By 2023.

 

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Market Highlights

 

HCl electrolysis is cheifly deployed where hydrogen chloride or hydrochloric acid recycling is desired. Hydrogen chloride is a by-product of numerous processes in chemical industry, which use chlorine due to its high reactivity for selective formation of desired products. In many cases, chlorine is subsequently removed and the final products are chlorine-free. Simply recycling the HCl through electrolysis obviates the need for on-site chlorine production even the transport of chlorine.

The industrially generated hydrochloric acid is often generated as a by-product of chlorine consuming process such as the chlorination of organic compounds. The chlorination reactions produce HCl as a by-product and the recovery of chlorine from HCl has inevitable commercial importance in the industry. This is predominantly due to the insufficient purity of chlorine or very low concentration for recycle. On the other hand, to meet stringent environmental conditions, HCl has to be neutralized in the industries before being disposed.

HCl electrolysis enables chlorine recovery from hydrogen chloride or hydrochloric acid and has several advantages such as the increased sustainability of operations for companies. Also, the HCl electrolysis market is majorly driven by the fact that the process makes the businesses independent of volatile chlorine and hydrochloric acid prices in the outside market. As Chlorine is one of the most important base chemicals in many industries to produce many useful products, the recovery of chlorine from HCl electrolysis is certainly becoming important industrially with time. In addition to that, the recovery of chlorine from HCl electrolysis reduces the need to develop new chlor-alkali plants for the chlorine manufacturing and eliminates the risk of HCl transport and storage.
However, the existence of other proven chlor-alkali processes for recovering chlorine and increased environmental impact of chlorine due to its high reactivity and risk in transportation, are identified to be the major restraints of the market

Geographically, Asia-Pacific accounted for the largest market share of 54.60% in 2016, with a market value of USD 681.0 million and is projected to grow at the highest CAGR of 5.49% during the forecast period. Whereas, North America was the second-largest market in 2016, valued at USD 258.2 million in 2016; it is projected to grow at a CAGR of 5.00%

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Regional Analysis

The report for Global Hydrochloric Acid Electrolysis Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions..

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