Market Overview:
The global HCL acid market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for HCL acid from various applications such as organic chemical raw materials, metal cleaning and treatment, food and dairy industry, water treatment, and others. In terms of type, synthetic HCL acid is expected to dominate the market during the forecast period owing to its properties such as high purity and low cost.
Product Definition:
HCL acid is a mineral that is naturally found in the body. It helps to break down food and digest proteins. HCL acid also helps to maintain the balance of fluids in the body.
Synthetic HCL Acid:
HCL (Hydrochloric acid) is one of the important acids used in various industries. It is also known as lye or caustic soda. Hydrochloric acid can be produced by using natural gas, coal or petroleum as a raw material and it can also be made from hydrogen and chlorine. The major application of hydrochloric acid is in the production of PVC (Polyvinyl Chloride), which has many uses including packaging materials, construction materials, etc.
By-product HCL Acid:
By-product HCL acid is also known as post-HCL acid or secondary HCL. It is formed when some of the byproducts of phosphoric acid and hydrogen chloride get mixed together. The mixture can be used for a wide range of applications such as cleaning solutions, metal degreasing, food additives, wood treating chemicals among others.
Application Insights:
The others segment includes chemical products such as metal cleaning and treatment, water treatment, food and dairy industry. The demand for HCL acid is expected to grow at a significant rate owing to its increasing use in the water treatment application. In addition, it is also used in the production of other chemicals such as dyes and pigments which are used across several end-use industries including textile dyeing, printing ink manufacturing and cosmetics.
Organic chemical raw materials was the largest application segment accounting for over 40% of global market share by revenue in 2017 due to extensive usage of HCL acid produced from lignin which is derived from wood pulp or paper mill waste material using chlorine or caustic soda as a catalyst followed by hydrolysis with strong base like sodium hydroxide solution.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 45.0% in 2017. The region is expected to witness significant growth over the forecast period owing to rising product demand from various end-use industries, such as food and beverage, pharmaceuticals, and water treatment. In addition, increasing environmental regulations pertaining to wastewater treatment are anticipated to drive industry expansion over the coming years.
The growing chemical manufacturing industry coupled with rapid urbanization across emerging economies including China and India is projecteded responsible for driving regional product demand during the forecast period. Furthermore, high consumption levels of HCL acid products among domestic manufacturers are likely to further augment market growth during the estimated time span.
Europe accounted for a major share in terms of volume as well as revenue generation owing largelyto its extensive usage within textile processing facilities along with other organic chemicals production units across Germany.
Growth Factors:
- Increasing demand from the end-use industries such as textiles, pulp and paper, and food and beverages
- Growing demand for environmentally friendly products
- Rising awareness about the benefits of using HCL acid in various applications
- Technological advancements in production processes that are resulting in improved product quality
- Expansion of global trade leading to increased opportunities for market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
HCL Acid Market Research Report
By Type
Synthetic HCL Acid, By-product HCL Acid
By Application
Organic Chemical Raw Materials, Metal Cleaning and Treatment, Food and Dairy Industry, Water Treatment, Others
By Companies
Dow Chemical, Olin, Covestro, OxyChem, Westlake Chemical (Axiall), INOVYN, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Detrex Chemicals, Canexus, Solvay, ERCO Worldwide, Dupont, Coogee Chemicals, Tessenderlo Group, AGC, Formosa Plastics, Toagosei, China Greenon, Haijing Chemical, Xiyang Fertilizer, Shanghai Chlor-Alkali Chemical, Luxi Chemical, SINOPEC Nanjing Chemical, Tianyuan Chemical, Jinniu Chemical, Hongri Acron, Jiheng Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global HCL Acid Market Report Segments:
The global HCL Acid market is segmented on the basis of:
Types
Synthetic HCL Acid, By-product HCL Acid
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Organic Chemical Raw Materials, Metal Cleaning and Treatment, Food and Dairy Industry, Water Treatment, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Dow Chemical
- Olin
- Covestro
- OxyChem
- Westlake Chemical (Axiall)
- INOVYN
- BASF
- Shin-Etsu Chemical
- UNID
- Orica Watercare
- Detrex Chemicals
- Canexus
- Solvay
- ERCO Worldwide
- Dupont
- Coogee Chemicals
- Tessenderlo Group
- AGC
- Formosa Plastics
- Toagosei
- China Greenon
- Haijing Chemical
- Xiyang Fertilizer
- Shanghai Chlor-Alkali Chemical
- Luxi Chemical
- SINOPEC Nanjing Chemical
- Tianyuan Chemical
- Jinniu Chemical
- Hongri Acron
- Jiheng Chemical
Highlights of The HCL Acid Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Synthetic HCL Acid
- By-product HCL Acid
- By Application:
- Organic Chemical Raw Materials
- Metal Cleaning and Treatment
- Food and Dairy Industry
- Water Treatment
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the HCL Acid Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
HCL acid is a type of acid that is used in chemical synthesis.
Some of the major companies in the hcl acid market are Dow Chemical, Olin, Covestro, OxyChem, Westlake Chemical (Axiall), INOVYN, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Detrex Chemicals, Canexus, Solvay, ERCO Worldwide, Dupont, Coogee Chemicals, Tessenderlo Group, AGC, Formosa Plastics, Toagosei, China Greenon, Haijing Chemical, Xiyang Fertilizer, Shanghai Chlor-Alkali Chemical, Luxi Chemical, SINOPEC Nanjing Chemical, Tianyuan Chemical, Jinniu Chemical, Hongri Acron, Jiheng Chemical.
The hcl acid market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. HCL Acid Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. HCL Acid Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. HCL Acid Market - Supply Chain
4.5. Global HCL Acid Market Forecast
4.5.1. HCL Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. HCL Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. HCL Acid Market Absolute $ Opportunity
5. Global HCL Acid Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. HCL Acid Market Size and Volume Forecast by Type
5.3.1. Synthetic HCL Acid
5.3.2. By-product HCL Acid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global HCL Acid Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. HCL Acid Market Size and Volume Forecast by Application
6.3.1. Organic Chemical Raw Materials
6.3.2. Metal Cleaning and Treatment
6.3.3. Food and Dairy Industry
6.3.4. Water Treatment
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global HCL Acid Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. HCL Acid Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global HCL Acid Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. HCL Acid Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global HCL Acid Demand Share Forecast, 2019-2026
9. North America HCL Acid Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America HCL Acid Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America HCL Acid Market Size and Volume Forecast by Application
9.4.1. Organic Chemical Raw Materials
9.4.2. Metal Cleaning and Treatment
9.4.3. Food and Dairy Industry
9.4.4. Water Treatment
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America HCL Acid Market Size and Volume Forecast by Type
9.7.1. Synthetic HCL Acid
9.7.2. By-product HCL Acid
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America HCL Acid Demand Share Forecast, 2019-2026
10. Latin America HCL Acid Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America HCL Acid Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America HCL Acid Market Size and Volume Forecast by Application
10.4.1. Organic Chemical Raw Materials
10.4.2. Metal Cleaning and Treatment
10.4.3. Food and Dairy Industry
10.4.4. Water Treatment
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America HCL Acid Market Size and Volume Forecast by Type
10.7.1. Synthetic HCL Acid
10.7.2. By-product HCL Acid
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America HCL Acid Demand Share Forecast, 2019-2026
11. Europe HCL Acid Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe HCL Acid Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe HCL Acid Market Size and Volume Forecast by Application
11.4.1. Organic Chemical Raw Materials
11.4.2. Metal Cleaning and Treatment
11.4.3. Food and Dairy Industry
11.4.4. Water Treatment
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe HCL Acid Market Size and Volume Forecast by Type
11.7.1. Synthetic HCL Acid
11.7.2. By-product HCL Acid
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type 11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe HCL Acid Demand Share, 2019-2026
12. Asia Pacific HCL Acid Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific HCL Acid Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific HCL Acid Market Size and Volume Forecast by Application
12.4.1. Organic Chemical Raw Materials
12.4.2. Metal Cleaning and Treatment
12.4.3. Food and Dairy Industry
12.4.4. Water Treatment
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific HCL Acid Market Size and Volume Forecast by Type
12.7.1. Synthetic HCL Acid
12.7.2. By-product HCL Acid
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific HCL Acid Demand Share, 2019-2026
13. Middle East & Africa HCL Acid Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa HCL Acid Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa HCL Acid Market Size and Volume Forecast by Application
13.4.1. Organic Chemical Raw Materials
13.4.2. Metal Cleaning and Treatment
13.4.3. Food and Dairy Industry
13.4.4. Water Treatment
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa HCL Acid Market Size and Volume Forecast by Type
13.7.1. Synthetic HCL Acid
13.7.2. By-product HCL Acid
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa HCL Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global HCL Acid Market: Market Share Analysis
14.2. HCL Acid Distributors and Customers
14.3. HCL Acid Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Dow Chemical
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Olin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Covestro
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. OxyChem
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Westlake Chemical (Axiall)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. INOVYN
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. BASF
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Shin-Etsu Chemical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. UNID
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Orica Watercare
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Detrex Chemicals
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Canexus
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Solvay
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. ERCO Worldwide
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Dupont
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Coogee Chemicals
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Tessenderlo Group
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. AGC
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Formosa Plastics
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Toagosei
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
