Top Companies in the Global Hydrochloric Acid Market
Hydrochloric acid is a “workhorse” chemical as it is incredibly useful in a wide variety of ways. Some of the key use cases of hydrochloric acid include the production of batteries, photoflash bulbs and fireworks, and to process steel. It’s also useful in processing sugar and making gelatin. Hydrochloric acid is a highly sensitive chemical substance that requires adequate safety precautions. This acid has a sharp odor and is highly corrosive, which means that it damages most things it comes into contact with. In case you are wondering how such a reactive liquid can be stored without ruining its container, plastic containers, such as those made of PVC (polyvinyl chloride) stand up very well for the storage of this acid.
SpendEdge’s latest procurement intelligence report on the global hydrochloric acid market gives emphasizes on the market drivers, procurement best practices, key suppliers, growth patterns, and several other key market insights on this market.
Top suppliers of hydrochloric acid
BASF was founded in the year 1865 and is currently headquartered in Germany. BASF is known to be the largest chemical producer in the world. The company’s products and solutions primarily aim at conserving resources, ensuring good nutrition, and improving quality of life. Their product portfolio includes chemicals, plastics, performance chemicals, catalysts, coatings, crop technology, crude oil, and natural gas exploration and production. BASF offers hydrochloric acid in various grades, meeting always highest purity standards.
Having a rich history of over 350 years, Merck KGaA is the world’s oldest operating chemical and pharmaceutical company in the world. Merck KGaA is a global company with approximately 53,000 employees spanning across 66 countries. In the year 1967, the company initiated its involvement in liquid crystals, leading to its market-leading role today. Liquid crystals account for a major chunk of the company’s profits at present. Currently, the company is the world leader in producing liquid crystals for Flat-TV’s and monitors.