Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Hydrochloric Acid Market by Type (Synthetic Hydrochloric Acid, By-product Hydrochloric Acid), By Application (Organic Chemical Raw Materials, Metal Cleaning and Treatment, Food and Dairy Industry, Water Treatment, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Hydrochloric Acid Market by Type (Synthetic Hydrochloric Acid, By-product Hydrochloric Acid), By Application (Organic Chemical Raw Materials, Metal Cleaning and Treatment, Food and Dairy Industry, Water Treatment, Others) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 143367 3300 Chemical & Material 377 241 Pages 4.8 (43)
                                          

The global hydrochloric acid market is expected to grow at a CAGR of 4.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of the market can be attributed to the increasing demand for hydrochloric acid in various applications such as organic chemical raw materials, metal cleaning and treatment, food and dairy industry, water treatment etc . The global synthetic hydrochloric acid market is expected to grow at a CAGR of 4.6% during the forecast period, to reach USD 814 million by 2030. The growth of this segment can be attributed to its wide range of applications in various industries such as organic chemical raw materials, metal cleaning and treatment, food and dairy industry etc, which are driving its demand globally. The global B-product hydrochloric acid market is expected to grow at a CAGR of 5% during the forecast period, reaching USD 388 million by 2030. This segment has been witnessing significant growth due to its wide range of applications in various industries such as organic chemical raw materials, metal cleaning and treatment etc, which are driving its demand globally.

Some Of The Growth Factors Of This Market:

  1. Increasing demand for hydrochloric acid in the oil and gas industry is expected to drive the growth of this market during the forecast period due to its use as an important raw material in refining crude oil into petroleum products such as gasoline and diesel fuel.
  2. Increasing demand for hydrochloric acid in chemical manufacturing industry is also expected to drive this market during the forecast period due to its use as an important raw material in various industrial processes such as chlorination, nitration, esterification, oxidation reactions etc, which are used extensively across various industries including pharmaceuticals and agrochemicals among others .

Industry Growth Insights published a new data on “Hydrochloric Acid Market”. The research report is titled “Hydrochloric Acid Market research by Types (Synthetic Hydrochloric Acid, By-product Hydrochloric Acid), By Applications (Organic Chemical Raw Materials, Metal Cleaning and Treatment, Food and Dairy Industry, Water Treatment, Others), By Players/Companies DowDuPont, Olin, Covestro, OxyChem, Westlake Chemical (Axiall), INOVYN, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Detrex Chemicals, Chemtrade Electrochem Inc, Solvay, ERCO Worldwide, 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”.

Scope Of The Report

Report Attributes

Report Details

Report Title

Hydrochloric Acid Market Research Report

By Type

Synthetic Hydrochloric Acid, By-product Hydrochloric Acid

By Application

Organic Chemical Raw Materials, Metal Cleaning and Treatment, Food and Dairy Industry, Water Treatment, Others

By Companies

DowDuPont, Olin, Covestro, OxyChem, Westlake Chemical (Axiall), INOVYN, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Detrex Chemicals, Chemtrade Electrochem Inc, Solvay, ERCO Worldwide, 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

241

Number of Tables & Figures

169

Customization Available

Yes, the report can be customized as per your need.


Global Hydrochloric Acid Industry Outlook


Global Hydrochloric Acid Market Report Segments:

The global Hydrochloric Acid market is segmented on the basis of:

Types

Synthetic Hydrochloric Acid, By-product Hydrochloric 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:

  1. DowDuPont
  2. Olin
  3. Covestro
  4. OxyChem
  5. Westlake Chemical (Axiall)
  6. INOVYN
  7. BASF
  8. Shin-Etsu Chemical
  9. UNID
  10. Orica Watercare
  11. Detrex Chemicals
  12. Chemtrade Electrochem Inc
  13. Solvay
  14. ERCO Worldwide
  15. Coogee Chemicals
  16. Tessenderlo Group
  17. AGC
  18. Formosa Plastics
  19. Toagosei
  20. China Greenon
  21. Haijing Chemical
  22. Xiyang Fertilizer
  23. Shanghai Chlor-Alkali Chemical
  24. Luxi Chemical
  25. SINOPEC Nanjing Chemical
  26. Tianyuan Chemical
  27. Jinniu Chemical
  28. Hongri Acron
  29. Jiheng Chemical

Global Hydrochloric Acid Market Overview


Highlights of The Hydrochloric Acid Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2030.
  5. Developments and trends in the market.
  6. By Type:

    1. Synthetic Hydrochloric Acid
    2. By-product Hydrochloric Acid
  1. By Application:

    1. Organic Chemical Raw Materials
    2. Metal Cleaning and Treatment
    3. Food and Dairy Industry
    4. Water Treatment
    5. Others
  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Hydrochloric 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
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Global Hydrochloric Acid Market Statistics

8 Reasons to Buy This Report

  1. Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
  2. Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
  3. Implemented Robust Methodology to Prepare the Report
  4. Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
  5. Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
  6. Provides Information About the Top-winning Strategies Implemented by Industry Players.
  7. In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
  8. Customization of the Report Available

Frequently Asked Questions?


Hydrochloric Acid is a strong acid that is used to dissolve substances.

Some of the major companies in the hydrochloric acid market are DowDuPont, Olin, Covestro, OxyChem, Westlake Chemical (Axiall), INOVYN, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Detrex Chemicals, Chemtrade Electrochem Inc, Solvay, ERCO Worldwide, 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 hydrochloric acid market is expected to grow at a compound annual growth rate of 4.5%.

                                            
1. Executive Summary

2. Assumptions and Acronyms Used

3. Research Methodology

4. Hydrochloric 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. Hydrochloric Acid Market Dynamics
      4.3.1. Market Drivers
      4.3.2. Market Restraints
      4.3.3. Opportunity
      4.3.4. Market Trends
   4.4. Hydrochloric Acid Market - Supply Chain
   4.5. Global Hydrochloric Acid Market Forecast
      4.5.1. Hydrochloric Acid Market Size (US$ Mn) and Y-o-Y Growth
      4.5.2. Hydrochloric Acid Market Size (000’ Units) and Y-o-Y Growth
      4.5.3. Hydrochloric Acid Market Absolute $ Opportunity

5. Global Hydrochloric 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. Hydrochloric Acid Market Size and Volume Forecast by Type
      5.3.1. Synthetic Hydrochloric Acid
      5.3.2. By-product Hydrochloric Acid
   5.4. Absolute $ Opportunity Assessment by Type
   5.5. Market Attractiveness/Growth Potential Analysis by Type

6. Global Hydrochloric 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. Hydrochloric 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 Hydrochloric 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. Hydrochloric 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 Hydrochloric 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. Hydrochloric 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 Hydrochloric Acid Demand Share Forecast, 2019-2026

9. North America Hydrochloric 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 Hydrochloric 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 Hydrochloric 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 Hydrochloric Acid Market Size and Volume Forecast by Type
      9.7.1. Synthetic Hydrochloric Acid
      9.7.2. By-product Hydrochloric 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 Hydrochloric Acid Demand Share Forecast, 2019-2026

10. Latin America Hydrochloric 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 Hydrochloric 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 Hydrochloric 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 Hydrochloric Acid Market Size and Volume Forecast by Type
      10.7.1. Synthetic Hydrochloric Acid
      10.7.2. By-product Hydrochloric 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 Hydrochloric Acid Demand Share Forecast, 2019-2026

11. Europe Hydrochloric 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 Hydrochloric 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 Hydrochloric 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 Hydrochloric Acid Market Size and Volume Forecast by Type
      11.7.1. Synthetic Hydrochloric Acid
      11.7.2. By-product Hydrochloric Acid
   11.8. Bass 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 Hydrochloric Acid Demand Share, 2019-2026

12. Asia Pacific Hydrochloric 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 Hydrochloric 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 Hydrochloric 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 Hydrochloric Acid Market Size and Volume Forecast by Type
      12.7.1. Synthetic Hydrochloric Acid
      12.7.2. By-product Hydrochloric 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 Hydrochloric Acid Demand Share, 2019-2026

13. Middle East & Africa Hydrochloric 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 Hydrochloric 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 Hydrochloric 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 Hydrochloric Acid Market Size and Volume Forecast by Type
      13.7.1. Synthetic Hydrochloric Acid
      13.7.2. By-product Hydrochloric 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 Hydrochloric Acid Demand Share, 2019-2026

14. Competition Landscape
   14.1. Global Hydrochloric Acid Market: Market Share Analysis
   14.2. Hydrochloric Acid Distributors and Customers
   14.3. Hydrochloric Acid Market: Competitive Dashboard
   14.4. Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.4.1. DowDuPont
         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. Chemtrade Electrochem Inc
         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. Coogee Chemicals
         14.4.15.1. Overview
         14.4.15.2. Financials
         14.4.15.3. Developments
         14.4.15.4. Strategic Outlook
      14.4.16. Tessenderlo Group
         14.4.16.1. Overview
         14.4.16.2. Financials
         14.4.16.3. Developments
         14.4.16.4. Strategic Outlook
      14.4.17. AGC
         14.4.17.1. Overview
         14.4.17.2. Financials
         14.4.17.3. Developments
         14.4.17.4. Strategic Outlook
      14.4.18. Formosa Plastics
         14.4.18.1. Overview
         14.4.18.2. Financials
         14.4.18.3. Developments
         14.4.18.4. Strategic Outlook
      14.4.19. Toagosei
         14.4.19.1. Overview
         14.4.19.2. Financials
         14.4.19.3. Developments
         14.4.19.4. Strategic Outlook
      14.4.20. China Greenon
         14.4.20.1. Overview
         14.4.20.2. Financials
         14.4.20.3. Developments
         14.4.20.4. Strategic Outlook

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