Hydrochloric Acid Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
Hydrochloric Acid Market Size- By Grade, By Application, By End User industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: CHEM2440 | Pages: 1 - 235 | Formats*: |
| Category : Chemical & Materials | |||
Hydrochloric Acid Market Introduction and Overview
According to SPER Market Research the Global Hydrochloric Acid Market is estimated to reach USD 135.75 billion by 2033 with a CAGR of 5.11%.
The report includes an in-depth analysis of the Global Hydrochloric Acid Market including market size and trends product mix applications and supplier analysis. Hydrochloric acid (HCl commonly known as muriatic acid) is a powerful colorless mineral acid with numerous industrial applications. It reacts with an organic base to form a hydrochloride salt. Hydrochloric acid was historically made with green vitriol and rock salt. Afterward sulfuric acid and common salt (NaCl)which are chemically similar were employed. Hydrochloric acid is used as a chemical reagent in large-scale vinyl chloride synthesis for PVC plastic and polyurethane. Acid hydrochloride is a versatile chemical.
- August 2021; Occidental Petroleum Corporation closed the Niagra Falls plant which produced chlorine hydrochloric acid sodium hypochlorite and caustic soda.
- February 2022; Westlake Chemical Corporation a petrochemical polymer and building product maker and supplier based in the United States purchased Hexion Inc. Westlake is expected to benefit from this agreement by gaining access to a leading downstream range of coatings and composite products there by greatly extending its integrated business. Hexion Inc. a chemical business headquartered in the United States develops specialist products associated technology and thermosetting polymers for use with hydrochloric acids.
Market Opportunities and Challenges
Hydrochloric acid is the monoprotic acid with the lowest likelihood of an interfering oxidation-reduction reaction among key strong mineral acids used in chemistry including sulfuric acid, nitric acid, and phosphoric acid. Despite its acidity it contains non-reactive and non-toxic chloride ions, making it one of the safest strong acids to work with. Hydrochloric acid solutions of intermediate grade do not degrade with time and retain their concentration when stored. Hydrochloric acid is an effective acidifying reagent due to its properties, availability as a pure reagent and low cost. In titration hydrochloric acid is chosen for measuring base concentrations. Strong acid titrants yield more accurate results since the endpoint is more succinct.
Hydrochloric acid manufacturing and use can have a negative influence on the environment such as chlorine gas emissions and hazardous waste release. As environmental awareness and regulations grow businesses must invest in pollution prevention and waste management solutions.
Market Competitive Landscape
The industry will grow as key market players invest heavily in research and development to diversify their product offerings. Market participants are engaged in a variety of strategic activities to expand their positions in addition to key market changes such as new product releases contractual agreements mergers and acquisitions increased investments and collaboration with other organizations. If rivals in the hydrochloric acid sector wish to grow and flourish in an increasingly competitive market they must offer their products at competitive prices. Local production to reduce operating costs is one of the primary business strategies used by the hydrochloric acid industry to serve clients and expand the market sector. The hydrochloric acid business has recently offered some of medicine's most significant benefits. The major players in the Hydrochloric Acid Market are including AGC Chemicals, BASF SE, Coogee Chemicals, Detrex Corporation, Dongyue Group, Ercros SA, ERCO Worldwide, Inovyn, Nouryon Industrial Chemicals, Olin Corporation
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Grade, By Application Type, By End-use industry |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | AGC Chemicals, BASF SE, Coogee Chemicals, Detrex Corporation, Dongyue Group, Ercros SA, ERCO Worldwide, Inovyn, Nouryon Industrial Chemicals, Olin Corporation, |
COVID-19 Impact on Global Hydrochloric Acid Market
The COVID-19 pandemic had a significant impact on the hydrochloric acid business especially in 2020. Lockdowns and interruptions reduced demand from businesses that rely heavily on hydrochloric acid including oil and gas steel and textiles. Supply Chain Issues; Lockdowns and travel restrictions disrupted the hydrochloric acid supply chain making it difficult for producers to obtain raw materials and manufacturers to receive supplies. However the market appears to have rebounded since 2021.
Key Target Audience:
- Hydrochloric Acid Manufacturers
- Hydrochloric Acid Distributors and Suppliers
- End-User Industries
- Government Bodies and Regulatory Authorities
- Market Research Organizations and Consulting Firms
- Environmental Protection Agencies
- Trade Associations and Industry Forums
- Academia and Research Institutions
- Logistics and Transportation Companies
- Investors and Financial Institutions
Our in-depth analysis of the Hydrochloric Acid Market includes the following segments:
| By Grade: |
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| By Application: |
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| By End Use Industry: |
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Key Topics Covered in the Report:
- Global Hydrochloric Acid Market Size (FY’2024-FY’2033)
- Overview of Global Hydrochloric Acid Market
- Segmentation of Global Hydrochloric Acid Market By Grade (Synthetic Grade, Product Grade)
- Segmentation of Global Hydrochloric Acid Market By Application (Oil Well Acidizing, Food Processing, Steel Pickling, Ore Processing, Pool Sanitation, Calcium Chloride others)
- Segmentation of Global Hydrochloric Acid Market By End Use Industry (Petroleum Food & Beverages, Mining Steel, Textile, Water Treatment, Chemical Industry Others)
- Statistical Snap of Global Hydrochloric Acid Market
- Expansion Analysis of Global Hydrochloric Acid Market
- Problems and Obstacles in Global Hydrochloric Acid Market
- Competitive Landscape in the Global Hydrochloric Acid Market
- Impact of COVID-19 and Demonetization on Global Hydrochloric Acid Market
- Details on Current Investment in Global Hydrochloric Acid Market
- Competitive Analysis of Global Hydrochloric Acid Market
- Prominent Players in the Global Hydrochloric Acid Market
- SWOT Analysis of Global Hydrochloric Acid Market
- Global Hydrochloric Acid Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Hydrochloric Acid Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Hydrochloric Acid Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Hydrochloric Acid Market
7. Global Hydrochloric Acid Market, By Grade (USD Million)2020-2023
7.1. Global Hydrochloric Acid Market Size, Share and Forecast, By Grade, 2020-20267.2. Global Hydrochloric Acid Market Size, Share and Forecast, By Grade, 2027-20337.3. Synthetic Grade7.4. Product Grade
8. Global Hydrochloric Acid Market, By Application (USD Million)2020-2023
8.1. Global Hydrochloric Acid Market Size, Share and Forecast, By Application, 2020-20268.2. Global Hydrochloric Acid Market Size, Share and Forecast, By Application, 2027-20338.3. Oil Well Acidizing8.4. Food Processing8.5. Steel Pickling8.6. Ore Processing8.7. Pool Sanitation8.8. Calcium Chloride8.9. Others
9. Global Hydrochloric Acid Market, By End Use Industry (USD Million)2020-2023
9.1. Global Hydrochloric Acid Market Size, Share and Forecast, By End Use Industry, 2020-20269.2. Global Hydrochloric Acid Market Size, Share and Forecast, By End Use Industry, 2027-20339.3. Petroleum9.4. Food & Beverages9.5. Mining, Steel9.6. Textile9.7. Water Treatment9.8. Chemical Industry9.9. Others
10. Global Hydrochloric Acid Market Forecast, 2020-2033 (USD Million)
10.1. Global Hydrochloric Acid Market Size and Market Share
11. Global Hydrochloric Acid Market, By Region, 2020-2033 (USD Million)
11.1. Global Hydrochloric Acid Market Size and Market Share By Region (2020-2026)11.2. Global Hydrochloric Acid Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe11.5. Middle East and Africa11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Rest of Middle East & Africa11.6. North America11.6.1. Canada11.6.2. Mexico11.6.3. United States11.7. Latin America11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. AGC Chemicals12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. BASF SE12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Coogee Chemicals12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Detrex Corporation12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Dongyue Group12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Ercros SA12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. ERCO Worldwide12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. Inovyn12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Nouryon Industrial Chemicals12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Olin Corporation12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Hydrochloric Acid Market is projected to reach USD 135.75 billion by 2033, growing at a CAGR of 5.11% during the forecast period.
Hydrochloric Acid Market size from 2022. The Market is expected to reach USD 135.75 billion by 2033, at a CAGR of 5.11% during the forecast period.
Hydrochloric Acid Market CAGR of 5.11% during the forecast period.
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Hydrochloric Acid Market size is 135.75 billion from 2024 to 2033.
Hydrochloric Acid Market Segment is covered By Application, By Technology.
The North America anticipated to have the highest market share in the Hydrochloric Acid Market .
The key players in the market include Companies Covered AGC Chemicals, BASF SE, Coogee Chemicals, Detrex Corporation, Dongyue Group, Ercros SA, ERCO Worldwide, Inovyn, Nouryon Industrial Chemicals, Olin Corporation,
Occidental Petroleum Corporation closed the Niagra Falls plant which produced chlorine hydrochloric acid sodium hypochlorite and caustic soda.
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