Latest Update: Impact of current COVID-19 situation has been considered in this report while making the analysis.
Global Synthetic Hydrochloric Acid 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030-report

Global Synthetic Hydrochloric Acid 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) And By Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast From 2022 To 2030

Report ID: 145864 3300 Chemical & Material 377 242 Pages 4.7 (46)
                                          

Global synthetic 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 this market is driven by the increasing demand for organic chemical raw materials and metal cleaning and treatment applications in various industries such as food and dairy industry, water treatment, etc . The global synthetic hydrochloric acid market has been segmented on the basis of type into industrial hydrochloride and fooClass hydrochloric acid; on the basis of application into organic chemical raw materials, metal cleaning and treatment, food and dairy industry, water treatment; on the basis of region into North America (NA), Latin America (LA), Europe (EU), Asia Pacific (APAC) & Middle East & Africa (MEA).

Some Of The Growth Factors Of This Market:

  1. The global Synthetic Hydrochloric Acid market is driven by factors such as increasing demand for food and beverages, growing population, and increasing demand for energy sources in developing economies such as China and India.
  2. Increasing demand for food and beverages is one of the major drivers of the global Synthetic Hydrochloric Acid market due to its use in manufacturing various products such as fertilizers, plastics, paints, dyes etc, which are used in agriculture sector to increase crop yield or improve soil quality or used in food processing industry to produce various types of foods like breads, cakes etc, which are consumed by people across the globe on a daily basis.
  3. Growing population has been identified as one of the key drivers for growth in global Synthetic Hydrochloric Acid market due to increased consumption patterns among people across different regions globally with changing lifestyles and dietary habits leading towards increased requirement for synthetic hydrochloric acid (HCl) from manufacturers globally over the forecast period 2018-2025.
  4. Increasing demand for energy sources in developing economies such as China and India has been identified as another key driver that will drive growth over the forecast period 2018-2025.

Industry Growth Insights published a new data on “Synthetic Hydrochloric Acid Market”. The research report is titled “Synthetic Hydrochloric Acid Market research by Types (Industrial Hydrochloride, Food-Class Hydrochloric Acid), By Applications (Organic chemical raw materials, Metal cleaning and treatment, Food and Dairy Industry, Water Treatment, Other), By Players/Companies DowDupont, Olin, Covestro, OxyChem, Westlake Chemical, Inovyn, Westlake Chemical, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Detrex Chemicals, Chemtrade Electrochem Inc, Solvay, ERCO Worldwide”.

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

DowDupont, Olin, Covestro, OxyChem, Westlake Chemical, Inovyn, Westlake Chemical, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Detrex Chemicals, Chemtrade Electrochem Inc, Solvay, ERCO Worldwide

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

242

Number of Tables & Figures

170

Customization Available

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


Global Synthetic Hydrochloric Acid Industry Outlook


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:

  1. DowDupont
  2. Olin
  3. Covestro
  4. OxyChem
  5. Westlake Chemical
  6. Inovyn
  7. Westlake Chemical
  8. BASF
  9. Shin-Etsu Chemical
  10. UNID
  11. Orica Watercare
  12. Detrex Chemicals
  13. Chemtrade Electrochem Inc
  14. Solvay
  15. ERCO Worldwide

Global Synthetic Hydrochloric Acid Market Overview


Highlights of The Synthetic 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. Industrial Hydrochloride
    2. Food-Class Hydrochloric Acid
  1. By Application:

    1. Organic chemical raw materials
    2. Metal cleaning and treatment
    3. Food and Dairy Industry
    4. Water Treatment
    5. Other
  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 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

Global Synthetic 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?


Synthetic hydrochloric acid is a man-made chemical compound that is used in industrial and laboratory settings. It is also known as HCl, hydrochloric acid, or chlorhydric acid.

Some of the key players operating in the synthetic hydrochloric acid market are DowDupont, Olin, Covestro, OxyChem, Westlake Chemical, Inovyn, Westlake Chemical, BASF, Shin-Etsu Chemical, UNID, Orica Watercare, Detrex Chemicals, Chemtrade Electrochem Inc, Solvay, ERCO Worldwide.

The synthetic hydrochloric acid market is expected to register a CAGR of 4.5%.

                                            
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. 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
         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. Chemtrade Electrochem Inc
         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. COMPANY 16
         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

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