Global Hydrochloric Acid Market to Reach $9.5 Billion by 2030
The global market for Hydrochloric Acid estimated at US$8 Billion in the year 2022, is projected to reach a revised size of US$9.5 Billion by 2030, growing at a CAGR of 2.2% over the analysis period 2022-2030. Food & Beverage, one of the segments analyzed in the report, is projected to record 2.4% CAGR and reach US$3.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Oil & Gas segment is readjusted to a revised 2.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.2 Billion, While China is Forecast to Grow at 3.2% CAGR
The Hydrochloric Acid market in the U.S. is estimated at US$2.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.8 Billion by the year 2030 trailing a CAGR of 3.2% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.7% and 1.8% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 1.9% CAGR.Select Competitors (Total 42 Featured) -
- AGC Chemicals
- Axiall Corporation
- BASF SE
- Coogee Chemicals Pty., Ltd.
- Dow, Inc.
- DuPont de Nemours, Inc.
- Erco Worldwide
- Inovyn
- Solvay S.A
- The Chemours Company
What's New?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
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Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISSOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- Hydrochloric Acid - Global Key Competitors Percentage Market Share in 2020 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2020 (E)
4. GLOBAL MARKET PERSPECTIVE
- Table 1: World Recent Past, Current & Future Analysis for Hydrochloric Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 2: World Historic Review for Hydrochloric Acid by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 3: World 16-Year Perspective for Hydrochloric Acid by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2023 & 2030
- Table 4: World Recent Past, Current & Future Analysis for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 5: World Historic Review for Other End-Uses by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 6: World 16-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 7: World Hydrochloric Acid Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
- Table 8: World Recent Past, Current & Future Analysis for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 9: World Historic Review for Food & Beverage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 10: World 16-Year Perspective for Food & Beverage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 11: World Recent Past, Current & Future Analysis for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 12: World Historic Review for Oil & Gas by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 13: World 16-Year Perspective for Oil & Gas by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 14: World Recent Past, Current & Future Analysis for Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 15: World Historic Review for Steel by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 16: World 16-Year Perspective for Steel by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 17: World Recent Past, Current & Future Analysis for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 18: World Historic Review for Pharmaceuticals by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 19: World 16-Year Perspective for Pharmaceuticals by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 20: World Recent Past, Current & Future Analysis for Textiles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 21: World Historic Review for Textiles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 22: World 16-Year Perspective for Textiles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
- Table 23: World Recent Past, Current & Future Analysis for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 24: World Historic Review for Agriculture by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 25: World 16-Year Perspective for Agriculture by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2023 & 2030
UNITED STATES
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2023 (E)
- Table 26: USA Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 27: USA Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 28: USA 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
CANADA
- Table 29: Canada Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 30: Canada Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 31: Canada 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
JAPAN
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2023 (E)
- Table 32: Japan Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 33: Japan Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 34: Japan 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
CHINA
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2023 (E)
- Table 35: China Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 36: China Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 37: China 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
EUROPE
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2023 (E)
- Table 38: Europe Recent Past, Current & Future Analysis for Hydrochloric Acid by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 39: Europe Historic Review for Hydrochloric Acid by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 40: Europe 16-Year Perspective for Hydrochloric Acid by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2014, 2023 & 2030
- Table 41: Europe Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 42: Europe Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 43: Europe 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
FRANCE
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2023 (E)
- Table 44: France Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 45: France Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 46: France 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
GERMANY
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2023 (E)
- Table 47: Germany Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 48: Germany Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 49: Germany 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
ITALY
- Table 50: Italy Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 51: Italy Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 52: Italy 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
UNITED KINGDOM
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2023 (E)
- Table 53: UK Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 54: UK Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 55: UK 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
SPAIN
- Table 56: Spain Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 57: Spain Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 58: Spain 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
RUSSIA
- Table 59: Russia Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 60: Russia Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 61: Russia 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
REST OF EUROPE
- Table 62: Rest of Europe Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 63: Rest of Europe Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 64: Rest of Europe 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
ASIA-PACIFIC
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2023 (E)
- Table 65: Asia-Pacific Recent Past, Current & Future Analysis for Hydrochloric Acid by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2022 through 2030 and % CAGR
- Table 66: Asia-Pacific Historic Review for Hydrochloric Acid by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 67: Asia-Pacific 16-Year Perspective for Hydrochloric Acid by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2014, 2023 & 2030
- Table 68: Asia-Pacific Recent Past, Current & Future Analysis for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses - Independent Analysis of Annual Sales in US$ Million for the Years 2022 through 2030 and % CAGR
- Table 69: Asia-Pacific Historic Review for Hydrochloric Acid by End-Use - Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2021 and % CAGR
- Table 70: Asia-Pacific 16-Year Perspective for Hydrochloric Acid by End-Use - Percentage Breakdown of Value Sales for Food & Beverage, Oil & Gas, Steel, Pharmaceuticals, Textiles, Agriculture and Other End-Uses for the Years 2014, 2023 & 2030
AUSTRALIA
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2023 (E)
INDIA
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2023 (E)
LATIN AMERICA
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2023 (E)
MIDDLE EAST
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2023 (E)
AFRICA
- Hydrochloric Acid Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2023 (E)
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AGC Chemicals
- Axiall Corporation
- BASF SE
- Coogee Chemicals Pty., Ltd.
- Dow, Inc.
- DuPont de Nemours, Inc.
- Erco Worldwide
- Inovyn
- Solvay S.A
- The Chemours Company
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 194 |
| Published | April 2024 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value ( USD | $ 8 Billion |
| Forecasted Market Value ( USD | $ 9.5 Billion |
| Compound Annual Growth Rate | 2.2% |
| Regions Covered | Global |
