"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Hydrochloric Acid Market Size, Share & Industry Analysis, By End-Use Industry (Food & Beverage, Pharmaceutical, Steel, Oil & Gas, Chemical Synthesis, Others), Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102349 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

Hydrochloric acid is an inorganic chemical compound with the chemical formula HCl. It has a distinct pungent odor and is highly corrosive. Hydrochloric acid, also called muriatic acid is a solution of hydrogen chloride gas and water. It is obtained by using four production methods, namely, co-product in the manufacture of silica and chemicals, combining hydrogen and chlorine, chlorination of organic compound, and salt-sulfuric acid production process. Hydrochloric acid has several applications, including as a descaling agent in industries, an additive in the food industry to produce gelatin, production of polyvinyl chloride, and leather processing. It is also used as a raw material for the manufacturing of various chemicals and compounds.


Key Market Driver -

Increasing demand for application in steel industry

Key Market Restraint -

Corrosive nature of hydrochloric acid


The key market driver for the global hydrochloric acid market is the increasing demand for hydrochloric acid from the steel industry. In the steel industry, HCl is used to remove iron oxide and scales from the surface of the steel. Therefore, the high demand for steel from various sectors will propel the hydrochloric acid market growth.

Key market restraint for the global hydrochloric acid market is the corrosive nature of the hydrochloric acid. Hydrochloric acid can cause severe burns on the skin and eyes due to which its cost of handling and storage increases, thereby acting as a market restraint.

Market Segmentation:


On the basis of the end-use industry, the market is segmented into food & beverage, pharmaceutical, steel, oil & gas, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:


Some of the notable companies in the global hydrochloric acid market are Dow, Tessenderlo Group, Olin Corporation, Occidental Chemical Corporation, Westlake Chemical Corporation, Tosoh Corporation, Nouryon, Covestro AG, Orica Limited, BASF SE, AGC Chemicals, Detrex Chemicals, and other key players.

Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


To gain extensive insights into the market, Request for Customization


The global hydrochloric acid market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to witness significant growth in the hydrochloric acid market due to the growing construction industry. The high demand for HCl from the food & beverage industry is expected to raise the market. In the food industry, HCl is used in the production of corn syrup, and for the regeneration of ion-exchange resins. China and India being the major producers and consumers of steel, contribute to the growth of the market in Asia Pacific. The developing pharmaceutical industry in Latin America will support the growth of the market in this region. The pharmaceutical sector consumes HCl for the production of ascorbic acid, which is further used to treat deficiency of Vitamin C. In the Middle East & Africa, the growth of the market can be owed to increasing oil & gas exploration activities.

Segmentation


















 ATTRIBUTE

 DETAILS

By End-Use Industry



  • Food & Beverage

  • Pharmaceutical

  • Steel

  • Oil & Gas

  • Chemical Synthesis

  • Others



By Geography



  • North America (U.S., and Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of Middle East & Africa)






  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

Mobil
3M
Citibank
GM
Kpmg

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X