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Hydrochloric acid or muriatic acid is a colorless inorganic chemical system with the formula HCl. Hydrochloric acid has a distinctive pungent smell. It is classified as strongly acidic and can attack the skin over a wide composition range, since the hydrogen chloride completely dissociates in an aqueous solution. Hydrochloric acid is the simplest chlorine-based acid system containing water. It is a solution of hydrogen chloride and water, and a variety of other chemical species, including hydronium and chloride ions. It is a naturally-occurring component of the gastric acid produced in the digestive systems of most animal species, including humans. Hydrochloric acid is an important chemical reagent and industrial chemical, used in the production of polyvinyl chloride for plastic. In households, diluted hydrochloric acid is often used as a descaling agent. In the food industry, hydrochloric acid is used as a food additive and in the production of gelatin. Hydrochloric acid is also used in leather processing.
According to our (Global Info Research) latest study, the global Hydrochloric Acid market size was valued at USD million in 2022 and is forecast to a readjusted size of USD million by 2029 with a CAGR of % during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
In United States, key players of hydrochloric acid include Olin Corporation, Westlake, OxyChem/Occidental Petroleum, ERCO Worldwide, Huntsman, Covestro, Tessenderlo Group, BASF, Detrex Chemicals and Chemours. The market share of the top ten players hold a share about 43%.
This report is a detailed and comprehensive analysis for global Hydrochloric Acid market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
Global Hydrochloric Acid market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Hydrochloric Acid market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Hydrochloric Acid market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2018-2029
Global Hydrochloric Acid market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2018-2023
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Hydrochloric Acid
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Hydrochloric Acid market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Olin Corporation, Westlake, BASF, Covestro and Detrex Chemicals, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
Hydrochloric Acid market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- Synthetic Hydrochloric Acid
- By-product Hydrochloric Acid
Market segment by Application
- Organic Chemical Raw Materials
- Steel
- Food and Dairy Industry
- Oil & Gas
Major players covered
- Olin Corporation
- Westlake
- BASF
- Covestro
- Detrex Chemicals
- ERCO Worldwide
- Formosa Plastics
- OxyChem/Occidental Petroleum
- Jones-Hamilton
- Huntsman
- Chemours
- KMG Electonics
- Amvac
- Altivia Specialty
- ASHTA Chemicals, Inc
- Shin-Etsu Chemical
- Syngenta
- Nouryon
- Dover
- Solvay
- Kuehne Chemical
- Hill Brothers Chemical
- Hawkins Chemical
- Hydrite Chemical
- HASA
- Tessenderlo Group
- Arkema
Market segment by region, regional analysis covers
- North America (United States, Canada and Mexico)
- Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
- South America (Brazil, Argentina, Colombia, and Rest of South America)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Hydrochloric Acid product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Hydrochloric Acid, with price, sales, revenue and global market share of Hydrochloric Acid from 2018 to 2023.
Chapter 3, the Hydrochloric Acid competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Hydrochloric Acid breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and Hydrochloric Acid market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of Hydrochloric Acid.
Chapter 14 and 15, to describe Hydrochloric Acid sales channel, distributors, customers, research findings and conclusion.