Market Overview:
The global synthetic hydrochloric 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 organic chemical raw materials, metal cleaning and treatment, food and dairy industry, water treatment, and other applications across the globe. In terms of type, industrial hydrochloride is expected to hold a major share of the global synthetic hydrochloric acid market during the forecast period. However, food-class hydrochloric acid is projected to grow at a higher CAGR than industrial hydrochloride over the forecast period owing to its growing demand from end-use industries such as food and dairy industry and water treatment.
Product Definition:
A synthetic hydrochloric acid is a manufactured product that is used to make other chemicals and products. It is also used in many industrial processes and in the production of food items.
Industrial Hydrochloride:
Industrial hydrochloride is an inorganic compound, which is a solid form of hydrochloric acid. It has a strong smell of chlorine and tastes slightly bitter. Industrial hydrochloride can be produced by reacting hydrogen chloride (HCI) with sodium carbonate or calcium carbonate.
Food-Class Hydrochloric Acid:
Food-class hydrochloric acid is a weak (0.5M) form of hydrochloric acid used as an intermediate in the production of other chemicals and for processing food products such as meat, poultry, seafood, and processed foods. It is also used to produce hydrogen gas and hydrolyzed vegetable protein extracts which are sold to companies that use them in their manufacturing processes.
Application Insights:
The other application segment includes the use ofSHAA in water treatment, metal cleaning and treatment, food and dairy industry, organic chemical raw materials manufacturing and others. In terms of revenue, water treatment emerged as the largest application segment with a share of over 40% in 2017. The growth can be attributed to increasing urbanization along with industrialization and globalization that has resulted in an increased demand for processed water across the globe.
In addition, growing environmental concerns regarding toxic chemicals used during metal cleaning processes have resulted in major manufacturers shifting towards synthetic alternatives such as hydrochloric acid based cleaners which are environment-friendly as well as cheaper compared to their counterparts.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of numerous manufacturers coupled with cheap labor costs in countries such as China, India, and Japan are some of the major factors contributing to regional growth.
The demand for food-class HCl is high in this region due to rapid industrialization leading to an increase in processed food production along with rising awareness about a healthy lifestyle among consumers. Moreover, increasing investments by domestic manufacturers for capacity expansion are anticipated to drive product demand over the forecast period.
Europe accounted for 24% of global market share owing to growing environmental concerns among consumers regarding disposal methods of chemical waste materials resulting into increased utilization rates of water treatment chemicals such as hydrochloric acid which have low toxicity and eco-friendly characteristics compared to other alternatives such as caustic soda or chlorine gas which are widely used across various industries including water treatment plants for wastewater treatment purposes.
Growth Factors:
- Increasing demand from the food and beverage industry as a result of growing population and rising disposable income.
- Growing demand for synthetic hydrochloric acid in the pharmaceuticals industry to manufacture drugs and medicines.
- Rising use of synthetic hydrochloric acid in the chemical industry for production of various chemicals and plastics.
- Increasing application of synthetic hydrochloric acid in water treatment plants to remove impurities from water supplies.
Scope Of The Report
Report Attributes
Report Details
Report Title
Synthetic Hydrochloric Acid Market Research Report
By Type
Industrial Hydrochloride, Food-Class Hydrochloric Acid
By Application
Organic chemical raw materials, Metal cleaning and treatment, Food and Dairy Industry, Water Treatment, Other
By Companies
Dow Chemical, Olin, Covestro, OxyChem, Axiall, Inovyn, Westlake Chemical, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Detrex Chemicals, Canexus, Solvay, ERCO Worldwide, Dupont
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Synthetic Hydrochloric Acid Market Report Segments:
The global Synthetic Hydrochloric Acid market is segmented on the basis of:
Types
Industrial Hydrochloride, Food-Class 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, Other
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
- Axiall
- Inovyn
- Westlake Chemical
- BASF
- Shin-Etsu Chemical
- UNID
- Orica Watercare
- Detrex Chemicals
- Canexus
- Solvay
- ERCO Worldwide
- Dupont
Highlights of The Synthetic Hydrochloric 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:
- Industrial Hydrochloride
- Food-Class Hydrochloric Acid
- By Application:
- Organic chemical raw materials
- Metal cleaning and treatment
- Food and Dairy Industry
- Water Treatment
- Other
- 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 Synthetic 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
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?
Synthetic hydrochloric acid is a type of acid that is not found in nature. It is made by combining chlorine with hydrogen gas.
Some of the major companies in the synthetic‚â hydrochloric‚â acid market are Dow Chemical, Olin, Covestro, OxyChem, Axiall, Inovyn, Westlake Chemical, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Detrex Chemicals, Canexus, Solvay, ERCO Worldwide, Dupont.
The synthetic‚ hydrochloric‚ acid market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Synthetic 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. Synthetic 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. Synthetic Hydrochloric Acid Market - Supply Chain
4.5. Global Synthetic Hydrochloric Acid Market Forecast
4.5.1. Synthetic Hydrochloric Acid Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Synthetic Hydrochloric Acid Market Size (000 Units) and Y-o-Y Growth
4.5.3. Synthetic Hydrochloric Acid Market Absolute $ Opportunity
5. Global Synthetic 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. Synthetic Hydrochloric Acid Market Size and Volume Forecast by Type
5.3.1. Industrial Hydrochloride
5.3.2. Food-Class Hydrochloric Acid
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Synthetic 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. Synthetic 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. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Synthetic 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. Synthetic 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 Synthetic 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. Synthetic 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 Synthetic Hydrochloric Acid Demand Share Forecast, 2019-2026
9. North America Synthetic 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 Synthetic 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 Synthetic 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. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Synthetic Hydrochloric Acid Market Size and Volume Forecast by Type
9.7.1. Industrial Hydrochloride
9.7.2. Food-Class 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 Synthetic Hydrochloric Acid Demand Share Forecast, 2019-2026
10. Latin America Synthetic 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 Synthetic 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 Synthetic 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. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Synthetic Hydrochloric Acid Market Size and Volume Forecast by Type
10.7.1. Industrial Hydrochloride
10.7.2. Food-Class 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 Synthetic Hydrochloric Acid Demand Share Forecast, 2019-2026
11. Europe Synthetic 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 Synthetic 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 Synthetic 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. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Synthetic Hydrochloric Acid Market Size and Volume Forecast by Type
11.7.1. Industrial Hydrochloride
11.7.2. Food-Class Hydrochloric 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 Synthetic Hydrochloric Acid Demand Share, 2019-2026
12. Asia Pacific Synthetic 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 Synthetic 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 Synthetic 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. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Synthetic Hydrochloric Acid Market Size and Volume Forecast by Type
12.7.1. Industrial Hydrochloride
12.7.2. Food-Class 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 Synthetic Hydrochloric Acid Demand Share, 2019-2026
13. Middle East & Africa Synthetic 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 Synthetic 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 Synthetic 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. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Synthetic Hydrochloric Acid Market Size and Volume Forecast by Type
13.7.1. Industrial Hydrochloride
13.7.2. Food-Class 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 Synthetic Hydrochloric Acid Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Synthetic Hydrochloric Acid Market: Market Share Analysis
14.2. Synthetic Hydrochloric Acid Distributors and Customers
14.3. Synthetic Hydrochloric 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. 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. Westlake Chemical
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. BASF
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shin-Etsu Chemical
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. UNID
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Orica Watercare
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Detrex Chemicals
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Canexus
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Solvay
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. ERCO Worldwide
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Dupont
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
