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According to the latest research, the global Perchloric Acid market size was valued at USD 27.27 million in 2022 and is expected to expand at a CAGR of 4.82% during the forecast period, reaching USD 36.16 million by 2028.
Perchloric acid is a mineral acid with the formula HClO. It is a colorless, odorless, oily liquid that is extremely corrosive. Perchloric acid is the strongest acid among inorganic oxo acids. It can support combustion and is highly corrosive and highly irritating. It is industrially used for the preparation of perchlorate, the pharmaceutical industry, etc., and can also be used as an oxidant.
Influence of COVID-19 Outbreak on Perchloric Acid Industry Development
First of all, the epidemic prevention and control measures will affect the flow of people and
activities, making the production of the Perchloric Acid industry suffer due to the supply of raw materials and insufficient labor. Delays in resuming production and work will directly lead to inefficient operation. Second, during the epidemic, logistics is inconvenient, strict transportation control is implemented in each region, and the transportation speed is greatly slowed down, which affects the efficiency of supply.
With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.
Drivers
Perchloric acid is an inorganic compound, which is mainly used to prepare various perchlorates in industry. Because of its strong oxidizing property, it can react with most metals including gold and silver to obtain metal perchlorates. For example, ammonium perchlorate is a salt of perchloric acidthat contains a tetrahedral perchlorate ion in which the oxidation state of chlorine is positive 7. Ammonium perchlorate is less sensitive to heat and impact, so this product is an excellent raw material for the manufacture of rocket fuel, oxidizer in pyrotechnics and explosives in airbags. In addition to the preparation of perchlorate, perchloric acid can also be used as inorganic chemical raw materials, oxidants, desiccants, solvents, chemical analysis reagents, etc. It is used in the preparation of acrylonitrile polymers, the manufacture of medicines, the purification of synthetic diamonds, the electroplating and electropolishing, the production of film films, the production of fireworks and firecrackers, and the manufacture of explosives, etc. Therefore, the development of downstream industries will promote the development of perchloric acid industry.
Perchloric acid is mainly produced as a precursor to ammonium perchlorate, which is used in rocket fuel. The growth in rocketry has led to increased production of perchloric acid. Satellites are semi-independent, computer-controlled man-made devices launched into Earth orbit. Satellites are launched into Earth orbit by launch vehicles. Types of satellites include commercial, military, and surveillance, and can serve a variety of purposes, including science, weather, navigation, and communications, to name a few. At the same time satellite data is used in various applications such as urban development, maritime security, mineral exploration and agriculture. In recent years, the growth of space exploration and the commercial use of satellites, driven by the initiatives of major and emerging countries to invest in space exploration, along with the development of the global economy and the continuous advancement in space science and technology are driving the growth of the perchloric acid market.
Region Overview:
China had the highest growth rate of all regions.
Company Overview:
Tianjin Xinyuan Chemical is one of the major players operating in the Perchloric Acid market, holding a share of 44.46% in 2022.
Tianjin Xinyuan Chemical specializes in the production of perchloric acid and perchlorates (lithium perchlorate and magnesium perchlorate).
GFS Chemicals is a Columbus, OH, USA based chemical manufacturer and supplier of specialty and fine chemicals. GFS' capability to produce specialty alkynes and olefins, pharmaceutical building blocks, trace metal salts and solutions, low moisture/anhydrous salts, and specialty rare earth salts and solutions makes GFS a preferred partner for organizations across an array of industries -including: pharmaceutical, electronics, energy, flavors & fragrances, agrichemicals, and specialty polymers.
Segmentation Overview:
Among different product types, Purity:>=70% segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Rocket Fuel segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Perchloric Acid industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Perchloric Acid. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Perchloric Acid Market Report Include:
Market Size Estimates: Perchloric Acid market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Perchloric Acid market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Perchloric Acid market
Segment Market Analysis: Perchloric Acid market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Perchloric Acid market situations and prospects in major and top regions and countries
Perchloric Acid Market
Perchloric Acid Industry Chain: Perchloric Acid market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Perchloric Acid Industry News, Policies by regions
Perchloric Acid Industry Porters Five Forces Analysis
Key players in the global Perchloric Acid market are covered in Chapter 2:
MilliporeSigma
Honeywell
Tianjin Xinyuan Chemical
GFS Chemicals
Avantor
In Chapter 6 and Chapter 9, on the basis of types, the Perchloric Acid market from 2018 to 2028 is primarily split into:
Purity:<70%
Purity:>=70%
In Chapter 7 and Chapter 10, on the basis of applications, the Perchloric Acid market from 2018 to 2028 covers:
Chemical Industry
Experimental Study
Rocket Fuel
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Perchloric Acid market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Perchloric Acid industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Perchloric Acid market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Perchloric Acid industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Perchloric Acid market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Perchloric Acid market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Perchloric Acid market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
2022
Perchloric acid is a mineral acid with the formula HClO. It is a colorless, odorless, oily liquid that is extremely corrosive. Perchloric acid is the strongest acid among inorganic oxo acids. It can support combustion and is highly corrosive and highly irritating. It is industrially used for the preparation of perchlorate, the pharmaceutical industry, etc., and can also be used as an oxidant.
Influence of COVID-19 Outbreak on Perchloric Acid Industry Development
First of all, the epidemic prevention and control measures will affect the flow of people and
activities, making the production of the Perchloric Acid industry suffer due to the supply of raw materials and insufficient labor. Delays in resuming production and work will directly lead to inefficient operation. Second, during the epidemic, logistics is inconvenient, strict transportation control is implemented in each region, and the transportation speed is greatly slowed down, which affects the efficiency of supply.
With the gradual control of the epidemic, some factories began to resume operation. However, enterprises need to protect the life and health of employees while operating production, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after production, and testing the body temperature of employees every day to ensure their health. These measures will increase production costs and affect the development of enterprises.
Drivers
Perchloric acid is an inorganic compound, which is mainly used to prepare various perchlorates in industry. Because of its strong oxidizing property, it can react with most metals including gold and silver to obtain metal perchlorates. For example, ammonium perchlorate is a salt of perchloric acidthat contains a tetrahedral perchlorate ion in which the oxidation state of chlorine is positive 7. Ammonium perchlorate is less sensitive to heat and impact, so this product is an excellent raw material for the manufacture of rocket fuel, oxidizer in pyrotechnics and explosives in airbags. In addition to the preparation of perchlorate, perchloric acid can also be used as inorganic chemical raw materials, oxidants, desiccants, solvents, chemical analysis reagents, etc. It is used in the preparation of acrylonitrile polymers, the manufacture of medicines, the purification of synthetic diamonds, the electroplating and electropolishing, the production of film films, the production of fireworks and firecrackers, and the manufacture of explosives, etc. Therefore, the development of downstream industries will promote the development of perchloric acid industry.
Perchloric acid is mainly produced as a precursor to ammonium perchlorate, which is used in rocket fuel. The growth in rocketry has led to increased production of perchloric acid. Satellites are semi-independent, computer-controlled man-made devices launched into Earth orbit. Satellites are launched into Earth orbit by launch vehicles. Types of satellites include commercial, military, and surveillance, and can serve a variety of purposes, including science, weather, navigation, and communications, to name a few. At the same time satellite data is used in various applications such as urban development, maritime security, mineral exploration and agriculture. In recent years, the growth of space exploration and the commercial use of satellites, driven by the initiatives of major and emerging countries to invest in space exploration, along with the development of the global economy and the continuous advancement in space science and technology are driving the growth of the perchloric acid market.
Region Overview:
China had the highest growth rate of all regions.
Company Overview:
Tianjin Xinyuan Chemical is one of the major players operating in the Perchloric Acid market, holding a share of 44.46% in 2022.
Tianjin Xinyuan Chemical specializes in the production of perchloric acid and perchlorates (lithium perchlorate and magnesium perchlorate).
GFS Chemicals is a Columbus, OH, USA based chemical manufacturer and supplier of specialty and fine chemicals. GFS' capability to produce specialty alkynes and olefins, pharmaceutical building blocks, trace metal salts and solutions, low moisture/anhydrous salts, and specialty rare earth salts and solutions makes GFS a preferred partner for organizations across an array of industries -including: pharmaceutical, electronics, energy, flavors & fragrances, agrichemicals, and specialty polymers.
Segmentation Overview:
Among different product types, Purity:>=70% segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Rocket Fuel segment occupied the biggest share from 2017 to 2022.
This report elaborates on the market size, market characteristics, and market growth of the Perchloric Acid industry between the year 2018 to 2028, and breaks down according to the product type, downstream application, and consumption area of Perchloric Acid. The report also introduces players in the industry from the perspective of the value chain and looks into the leading companies.
Key Points this Global Perchloric Acid Market Report Include:
Market Size Estimates: Perchloric Acid market size estimation in terms of revenue and sales from 2018-2028
Market Dynamic and Trends: Perchloric Acid market drivers, restraints, opportunities, and challenges
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Perchloric Acid market
Segment Market Analysis: Perchloric Acid market revenue and sales by type and by application from 2018-2028
Regional Market Analysis: Perchloric Acid market situations and prospects in major and top regions and countries
Perchloric Acid Market
Competitive Landscape
and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product/service profile and recent development/updates, etc.Perchloric Acid Industry Chain: Perchloric Acid market raw materials & suppliers, manufacturing process, distributors by region, downstream customers
Perchloric Acid Industry News, Policies by regions
Perchloric Acid Industry Porters Five Forces Analysis
Key players in the global Perchloric Acid market are covered in Chapter 2:
MilliporeSigma
Honeywell
Tianjin Xinyuan Chemical
GFS Chemicals
Avantor
In Chapter 6 and Chapter 9, on the basis of types, the Perchloric Acid market from 2018 to 2028 is primarily split into:
Purity:<70%
Purity:>=70%
In Chapter 7 and Chapter 10, on the basis of applications, the Perchloric Acid market from 2018 to 2028 covers:
Chemical Industry
Experimental Study
Rocket Fuel
Others
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions from 2018 to 2028 are covered in Chapter 8 and Chapter 11:
United States
Europe
China
Japan
India
Southeast Asia
Latin America
Middle East and Africa
Others
In summary, this report relies on sources from both primary and secondary, combines comprehensive quantitative analysis with detailed qualitative analysis, and pictures the market from a macro overview to micro granular segment aspects. Whatever your role in this industry value chain is, you should benefit from this report with no doubt.
Chapter Outline
This report consists of 12 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 first introduces the product overview, market scope, product classification, application, and regional division, and then summarizes the global Perchloric Acid market size in terms of revenue, sales volume, and average price.
Chapter 2 analyzes the main companies in the Perchloric Acid industry, including their main businesses, products/services, sales, prices, revenue, gross profit margin, and the latest developments/updates.
Chapter 3 is an analysis of the competitive environment of Perchloric Acid market participants. This mainly includes the revenue, sales, market share, and average price of the top players, along with the market concentration ratio in 2022 and the players' M&A and expansion in recent years.
Chapter 4 is an analysis of the Perchloric Acid industrial chain, including raw material analysis, manufacturing cost structure, distributors, and major downstream buyers.
Chapter 5 focuses on Perchloric Acid market dynamics and marketing strategy analysis, which include opportunities, challenges, industry development trends under inflation, industry news and policies analyzed by region, Porter's Five Forces analysis, as well as direct and indirect marketing, and the development trends of marketing channels.
Chapters 6-8 have segmented the Perchloric Acid market by type, application, and region, with a focus on sales and value from 2018 to 2023 from both vertical and horizontal perspectives.
Chapters 9-11 provide detailed Perchloric Acid market forecast data for 2023-2028, broken down by type and application, region, and major countries to help understand future growth trends.
Chapter 12 concludes with an explanation of the data sources and research methods. Verify and analyze through preliminary research to obtain final quantitative and qualitative data.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2028Frequently Asked Questions
This market study covers the global and regional market with an
in-depth analysis of the
overall growth prospects...
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by
highlighting information on
different aspects including drivers, restraints...
