The demand for Anhydrous Hydrogen Chloride Market is projected to reach 2.63 USD billion by 2025, while actuating at an estimated CAGR of 2.4% from 2019 to 2025. The demand for AHCL is due to its usage as fundamental raw material in the manufacturing of variety of useful chemical products used across pharmaceutical, metal & mining, industrial, semiconductor & electronic and consumer application. Moreover, advancement in processing technology enables it to be produced in larger quantity, in simplistic manner and at relatively low cost.
The years used for the assessment are as follows;
- Historical year : 2015, 2016 and 2017
- Base year : 2018
- Forecast period : 2019 – 2025
Regional Insight
Asia-Pacific is the largest AHCL market over the globe in 2018 and is expected to have a positive high impact on global market during the forecast period. Rapid industrialization with large economies of scale has resulted in the expansion of numerous industries at larger scale, driving the demand for industrial gases such as AHCL used for different application. In addition, the growth-rate is propelled by the rapid growth of semiconductor devices industries in various developing nations in Asia-Pacific, such as China, India, South Korea and Japan. Technological advancement to further purifiy electronic grade AHCL coupled with presence of major key players drives the demand for AHCL in North America
RESEARCH METHODOLOGY
The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;
- Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
- Interacting with key opinion leaders of the market and developing data points based on interaction with them
- Study of past trends in the market and their year on year Impact on the market size and share
- Analyzing the collected data points
- Bridging the data points to calculate the total Anhydrous Hydrogen Chloride market and its various segments
- Anticipating potential risks
- Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the market
- Finalizing the overall size and share for the global Anhydrous Hydrogen Chloride market
OBJECTIVES:
- To classify the Anhydrous Hydrogen Chloride market into segments by type, application, manufacturing process end-use and country to analyze their growth prospects individually.
- To analyze market trends, opportunities, drivers and restraints associated with the Anhydrous Hydrogen Chloride market.
- Profiling key companies operating in the Anhydrous Hydrogen Chloride market.
- To study market response with respect to the mergers and acquisitions in the industry.
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