Global Perchloric Acid
Market Report
2024
Perchloric acid market was valued at USD 28.45 million in 2022 and is projected to reach USD 39.30 million by 2030, registering a CAGR of 4.12% for the forecast period 2023- 2030
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The global perchloric acid market was valued at USD 28.45 million in 2022 and is projected to reach USD 39.30 million by 2030, registering a CAGR of 4.12% for the forecast period 2023- 2030
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Perchloric Acid Market Sales Revenue 2022 | $ 28.45 Million |
Global Perchloric Acid Market Sales Revenue 2030 | $ 39.3 Million |
Global Perchloric Acid Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.12% |
Market Split by Grade |
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Market Split by Purity |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Perchloric Acid Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Perchloric acid (HClO4) is one of the strongest mineral acids. It is an oily, colourless, inorganic liquid that is highly corrosive. Its melting point is 19 °C, its boiling point is 203°C, and its low vapour pressure at 25 °C is 6.8 mm Hg. It is miscible with water. A cool 70% aqueous perchloric acid solution is recognised as a powerful acid or superacid, not necessarily a strong oxidising agent, although being stronger than sulfuric and nitric acids. It is used to separate potassium from sodium as well as in many scientific research and industrial processes. The salts of perchloric acid are used, among other things, in explosives and metal plating.
Perchloric acid is used to separate potassium from sodium, and in different industrial processes and laboratory tests. This acid has applications in textile industry, electronics industry, pharmaceuticals industries, and it also utilized for rocket propulsion. In electronic industry, perchloric acid is used for etching liquid crystal displays in critical electronic applications. Further, in aerospace and defense industry this acid is used to manufacture Ammonium Perchlorate and other Perchlorates used as an Oxidizer in solid motors and propulsion grains. Thus due to the application sof perchloric acid in several industries for different purposes has heightened the demand globally.
Growing investments in research and development activities uplift the market evolution.
Perchloric acid can explode, and it decomposes on heating that produce toxic and corrosive fumes. Perchloric acid is a strong oxidant and reacts aggressively with combustible and reducing substances, strong bases, and organic materials causing a fire and explosion incidents. It can attack several metals forming explosive gas. This acid is unstable if its concentration is over 72%; there may be a chance of its explosion by shock or concussion when dry or drying. Perchloric acid mixtures with flammable material such as paper may ignite impulsively at room temperature.
It causes severe burns and inflammation on contact with the eyes, skin, and mucous membranes to the living body. ingestion or inhalation of perchloric acid will cause irritation and burns along the respiratory as well as gastrointestinal tracts. So the growth perchloric acid may be hampered due the toxic nature of acid.
The production of the perchloric acid industry has been significantly impacted by the COVID-19 pandemic. The supply of raw materials has been disrupted, and there was a shortage of labor, leading to delays and inefficiencies in resuming production. The market for perchloric acid impacted negatively during the pandemic, as the applications industries experienced challenges in all the operations. The applications industries such as electronics, textile, aerospace has been affected negatively, thereby the perchloric acid market also impacted by the COVID-19 pandemic.
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Competitive Landscape includes company profiling of the key manufacturers listed below. It also provides the key developments such as new product launches, expansion, mergers & acquisitions, partnerships, agreements, joint ventures, business overview, key strategies and financial analysis associated with the key players. Strategy implemented to overcome the COVID-19 Impact will be discussed in the report scope. Key players Financials includes Revenue (USD Million), Gross Margin (%) and Market Share (%) (2019- 2023), S.W.O.T Analysis, (To read more request the sample pages Or speak to analyst/author directly).
Top Companies Market Share in Perchloric Acid Industry: (In no particular order of Rank)
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The demand for perchloric acid is increasing in North America, owing to the growth of aerospace and defense industry. Along with North America, Europe region also held a significant market share in the global Perchloric Acid Market in the year 2022. Growing demand for perchloric acid in the aerospace and automotive industry boosts the growth of the market. The Asia Pacific region is estimated to grow at the highest growth during the forecast period. The growing economies like China, japan and India are the major countries for chemical manufacturing in the Asia Pacific region, which is contributing to the growth of the market.
The current report Scope analyzes Perchloric Acid Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Perchloric Acid Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Perchloric Acid Industry growth. Perchloric Acid market has been segmented with the help of its Grade, Purity Application, and others. Perchloric Acid market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The industrial-grade perchloric acid segment is dominating the global perchloric acid market.
Perchloric acid has applications in rocket repellents, pharmaceuticals, electronic and semiconductors, Energy Storage, and others, which is fuelling the growth of the industrial-grade perchloric acid market segment. Perchloric acid, particularly at higher concentrations, is used in the production of rocket propellants. Its strong oxidizing properties make it suitable for fuel mixtures in the aerospace industry.
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Perchloric Acid Industry. Request a Free Sample PDF!
Below 72% market segment held the largest market share during 2022.
Below 72% market segment held the largest market share during 2022, owing to its applications as Laboratory Reagents, Etching and Cleaning Agent, Chemical Manufacturing, Catalysts, and others. Below 72% Perchloric acid can be used as an etching agent for metals and as a cleaning agent for laboratory glassware and equipment. It is effective in removing organic and inorganic residues due to its strong oxidizing properties
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Perchloric Acid market report 2024 Edition by contacting our team.
Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
I am a dedicated and detail-oriented research analyst, committed to unraveling the stories hidden within data. With a solid foundation in market research & analysis, I thrive in the dynamic realm of research, where every dataset presents an opportunity for discovery. My passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.
I am committed to continuous professional development, regularly participating in workshops, attending conferences, and staying attuned to emerging trends in research methodologies to maintain the highest standards in my work. I played a vital role in conducting market research and competitive analysis. I have a proven track record of synthesizing diverse datasets, employing statistical models, and presenting comprehensive insights. My collaborative approach with cross-functional teams facilitated effective communication of findings, fostering a culture of data-driven decision-making within the organization.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Perchloric Acid Market is witnessing significant growth in the near future.
In 2023, the Industrial Grade segment accounted for noticeable share of global Perchloric Acid Market and is projected to experience significant growth in the near future.
The Above 72% segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Avantor , Triveni Chemicals and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Grade | Industrial Grade, Reagent Grade |
Purity | Above 72%, Below 72% |
Application | Chemical, Aerospace & Defense, Automobile, Pharmaceuticals, Others |
List of Competitors | Avantor, Tianjin Xinyuan Chemical, Triveni Chemicals, GFS Chemicals, Seastar Chemical Inc., Calibre Chemicals Pvt. Ltd., Honeywell, Prasol Chemicals Limited, and Vizag Chemical, among others. |
This chapter will help you gain GLOBAL Market Analysis of Perchloric Acid. Further deep in this chapter, you will be able to review Global Perchloric Acid Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Perchloric Acid Market Trends North America Perchloric Acid Technological Road Map North America Perchloric Acid Market Drivers North America Perchloric Acid Market Restraints North America Perchloric Acid Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
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Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Grade Analysis 2019 -2031, will provide market size split by Grade. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Grade Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Purity Analysis 2019 -2031
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Chapter 12 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Perchloric Acid market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Industrial Grade have a significant impact on Perchloric Acid market? |
What are the key factors affecting the Industrial Grade and Reagent Grade of Perchloric Acid Market? |
What is the CAGR/Growth Rate of Above 72% during the forecast period? |
By type, which segment accounted for largest share of the global Perchloric Acid Market? |
Which region is expected to dominate the global Perchloric Acid Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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