Hydrochloric Acid Market, By Grade (Synthetic Grade, and By-Product Grade), By Application (Pool Sanitation, Oil Well Acidizing, Biodiesel, Calcium Chloride, Steel Pickling, Food Processing, Ore Processing, and Others), By End-user (Textiles, Oil & Gas, Agriculture, Power Industry, Construction, Automotive, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI519623 | Publish Date: May 2024 | No. of Pages: 170

Hydrochloric Acid Market Overview

Hydrochloric Acid Market was valued at US$ 3.5 Billion in 2024 and is projected to grow at a CAGR of 5.9%to reach US$ 6 Billion by 2034.

Hydrochloric acid (HCl) is a strong corrosive acid with a wide range of industrial applications. It is a key chemical used in various industries, including chemicals manufacturing, food processing, metal cleaning and processing, oil and gas, pharmaceuticals, and more.    

 

Hydrochloric Acid Market Dynamics

Industrial Demand

The industrial demand for hydrochloric acid (HCl) is substantial and diverse, with various industries relying on it for different applications. The chemical industry is one of the largest consumers of hydrochloric acid. HCl is used in the production of a wide range of chemicals, including organic and inorganic compounds, dyes, pigments, pharmaceuticals, and plastics.

Infrastructure Development

One of the most significant impacts of infrastructure development on the hydrochloric acid market is through the construction industry. HCl is used in construction for various purposes, including cleaning and preparing surfaces, concrete cleaning, and the removal of efflorescence. As new buildings, roads, bridges, and other infrastructure projects are planned and constructed, the demand for hydrochloric acid for these applications can increase significantly.

Restrains:

Handling and transporting hydrochloric acid require specialized equipment and training due to its corrosive properties. Accidents, spills, or leaks can pose significant safety risks to personnel and the environment. The cost of raw materials used in the production of hydrochloric acid, such as chlorine and hydrogen, can be volatile. Fluctuations in raw material prices can affect the profitability of HCl manufacturers.     

Hydrochloric Acid Market Segmentation

  • Hydrochloric Acid Market Segmentation:

Hydrochloric Acid Market is segmented based on Grade, Application, End-user and Region.

  • Grade Insight

On the basis of Grade, Hydrochloric Acid Market is segmented into Synthetic Grade, and By-Product Grade.

  • Application Insights

On the basis of Application, Hydrochloric Acid Market is segmented into Pool Sanitation, Oil Well Acidizing, Biodiesel, Calcium Chloride, Steel Pickling, Food Processing, Ore Processing, and Others.

  • End-user Insights

On the basis of End-user, Hydrochloric Acid Market is segmented into Textiles, Oil & Gas, Agriculture, Power Industry, Construction, Automotive, and Others.

  • Hydrochloric Acid Market Regional Insights:

On region the Hydrochloric Acid Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to rising investment and funding. The United States is a significant producer and consumer of hydrochloric acid. Industries like chemicals, metals, pharmaceuticals, and oil and gas contribute to high demand. Regulatory compliance with safety and environmental standards is stringent.
  • Asia Pacific market is estimated to witness a fastest revenue share over the forecast period. Europe has a well-established hydrochloric acid market with major producers in countries like Germany, the UK, and France. It's used extensively in chemical manufacturing and metal processing. Environmental regulations influence production and use.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Grade - Synthetic Grade, and By-Product Grade

By Application - Pool Sanitation, Oil Well Acidizing, Biodiesel, Calcium Chloride, Steel Pickling, Food Processing, Ore Processing, and Others

By End-user - Textiles, Oil & Gas, Agriculture, Power Industry, Construction, Automotive, and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.

Hydrochloric Acid Market Key Players

The key players operating the Hydrochloric Acid Market includes, Dongyue Group, Nouryon Industrial Chemicals, TOAGOSEI CO. LTD, Westlake Chemical Corporation, BASF SE, Inovyn, Ercros SA, Shin-Etsu Chemical Co., Ltd, Olin Corporation, and Tessenderlo Group.   

Hydrochloric Acid Market Key Issues Addressed

Strategic Acquisitions and Partnership News,

  • In September 2023, Univar Solutions Inc., a leading specialty ingredients and chemicals provider, announced the acquisition of FloChem Ltd. and certain of its affiliates, an industry leader in the distribution of chemicals and related dispensing systems in eastern Canada. The purchase opens up new market sectors for the business, improves its position in the market for popular products, and expands its service offerings. Caustic soda, hydrochloric acid, phosphoric acid, hydrogen peroxide, bleach, and sulfuric acid are just a few of the common and specialized chemical products that are distributed by FloChem from North American producers.

Hydrochloric Acid Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Grade
      • Market Snippet, By Application
      • Market Snippet, By End-user
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restrains
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Grade, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Synthetic Grade
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • By-Product Grade
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By Application, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Pool Sanitation
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Oil Well Acidizing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Biodiesel
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Calcium Chloride
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Steel Pickling
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Food Processing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Ore Processing
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Other
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Market Segmentation, By End-user, Forecast Period up to 10 Years, (US$ Bn)
  • Overview
    • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
    • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
    • Segment Trends
  • Textiles
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Oil & Gas
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Agriculture
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Power Industry
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Construction
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Automotive
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  • Others
    • Overview
    • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
  1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
      • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-user, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-user, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By End-user, Forecast Period up to 10 Years
      • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
  • Latin America
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • Brazil
  • Mexico
  • Rest of Latin America
  • Middle East & Africa
    • Market Size and Forecast (US$ Bn), By Grade, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Application, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By End-user, Forecast Period up to 10 Years
    • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East
  1. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  2. Company Profiles
  • Dongyue Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Nouryon Industrial Chemicals
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • TOAGOSEI CO. LTD
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Westlake Chemical Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF SE
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Inovyn
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ercros SA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Shin-Etsu Chemical Co. Ltd
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Olin Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Tessenderlo Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Hydrochloric Acid Market is segmented into Grade, Application, End-user and Region.

Hydrochloric Acid Market is driven by factors like industrial demand and infrastructure development.

The key players operating the Hydrochloric Acid Market includes, Dongyue Group, Nouryon Industrial Chemicals, TOAGOSEI CO. LTD, Westlake Chemical Corporation, BASF SE, Inovyn, Ercros SA, Shin-Etsu Chemical Co., Ltd, Olin Corporation, and Tessenderlo Group.

Hydrochloric Acid Market was valued at US$ 3.5 Billion in 2024 and is projected to grow at a CAGR of 5.9%to reach US$ 6 Billion by 2034.