市場調查報告書
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1489494
全球鹽酸 (HCL) 市場 - 2024-2031Global Hydrochloric Acid (HCL) Market - 2024-2031 |
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概述
2023年,全球鹽酸(HCL)市場規模達26億美元,預計2031年將達到43億美元,2024-2031年預測期間複合年成長率為6.5%。
鋼鐵業對鹽酸的需求不斷成長是全球鹽酸市場的主要驅動力。用鹽酸去除鋼表面的氧化鐵和氧化皮。因此,鋼材需求的上升將推動市場擴張。鹽酸用於多種活動,包括食品加工、礦物加工和泳池衛生。
近年來,隨著美國加利福尼亞州、喬治亞州、紐約州和賓夕法尼亞州等地區建築活動的增加,該市場顯著成長。 2020 年將使用鹽酸。
到2023年,北美預計將成為第二主導地區,佔全球鹽酸市場的佔有率超過20%。由於水處理需求不斷成長,北美將以健康的速度成長。美國環保署仍在執行行政指令,以確保公共供水系統的安全飲用水。此外,美國政府於 2021 年 5 月推出了 2021 年飲用水和廢水基礎設施法案,撥款 3,500 萬美元,可能會為該產業帶來成長前景。
動力學
水處理需求不斷成長
鹽酸常用於水處理過程中的 pH 值控制、消毒和化學沉澱。隨著人們對水質和環境污染的擔憂日益加劇,市政和工業水處理設施對水處理解決方案(包括鹽酸)的需求也隨之增加。
環保署根據 1974 年《安全飲用水法》制定了飲用水供應品質標準,並且該機構與其合作夥伴合作,執行各種財務和技術計劃來保護飲用水品質。 《清潔水法》為管理水域污染物排放和規範地表水品質標準提供了基本架構。因此,對水質的日益重視將推動全球 HCL 市場的成長。
鋼鐵產量上升
在鋼鐵業,鹽酸用於透過酸洗和表面處理去除鋼鐵產品中的鐵鏽、氧化皮和其他雜質。建築、汽車和基礎設施產業的興起增加了對鋼鐵的需求,從而增加了全球鋼鐵生產設施對鹽酸的需求。因此,一些鋼廠對酸的需求增加。它對於研發專案至關重要,並為其他產業提供創新解決方案。
2022年1月,安賽樂米塔爾新日鐵印度公司與古吉拉特邦政府簽署協議,為其Hazira鋼鐵製造工廠投資58.9325億美元。該計劃旨在將產能從每年 860 萬噸 MMTPA 增加到 1800 萬噸。該合約擴大了全球 HCL 市場的擴張機會。
環境和監管問題
遵守環境和安全要求對鹽酸業務有重大影響。排放、廢棄物處理和工人安全的嚴格規定迫使企業投資污染控制系統並遵循嚴格的操作程序,從而提高了生產成本和合規負擔。政府施加的貿易限制、出口稅或進口關稅增加了成本,阻礙了市場准入,並限制了鹽酸製造商和出口商的成長潛力。
鹽酸是一種腐蝕性危險化學品,如果處理不當或釋放到環境中,會對人類健康和環境健康產生負面影響。對鹽酸消耗對健康和環境影響的擔憂導致了更嚴格的法規、公眾的反對以及在特定應用中採用替代化學品或技術。
Overview
Global Hydrochloric Acid (HCL) Market reached US$ 2.6 billion in 2023 and is expected to reach US$ 4.3 billion by 2031, growing with a CAGR of 6.5% during the forecast period 2024-2031.
The increasing need for hydrochloric acid from the steel industry is the key driving force behind the hydrochloric acid market globally. Iron oxide and scales are removed off the surface of steel with hydrochloric acid. As a result, rising steel demand will drive market expansion. Hydrochloric acid is used in a variety of activities, including food processing, mineral processing and pool sanitation.
The market has grown significantly in recent years as construction activity has increased in areas such as California, Georgia, New York and Pennsylvania in U.S. Its widespread use in the production of products such as corn syrup, soy sauce and food processing applications drove the need for hydrochloric acid in 2020. HCL is used when drilling oil wells to increase gas and crude oil penetration.
In 2023, North America is expected to be the second-dominant region with over 20% of the global hydrochloric acid market. North America will grow at a healthy rate due to rising water treatment demand. The EPA is still enforcing administrative directives to assure safe drinking water for public water systems. Furthermore, the introduction of the Drinking Water and Wastewater Infrastructure Act of 2021 by U.S. government in May 2021, with funding of US$ 35.0 million, is likely to generate growth prospects for this industry.
Dynamics
Growing Demand for Water Treatment
Hydrochloric acid is commonly used in water treatment procedures for pH control, disinfection and chemical precipitation. As worries about water quality and pollution from the environment grow, so does the demand for water treatment solutions, including hydrochloric acid, in municipal and industrial water treatment facilities.
The Environment Protection Agency established criteria for the quality of drinking water supply under the Safe Drinking Water Act of 1974 and the agency, in collaboration with its partners, executes a variety of financial and technical programs to protect drinking water quality. The Clean Water Act provides the essential framework for managing pollution discharge into waters and regulating surface water quality standards. Thus, increasing emphasis on the quality of water will boost the global HCL market growth.
Rising Steel Production
In the steel business, hydrochloric acid is used to remove rust, scale and other impurities from steel products through pickling and surface treatment. The rise of the construction, automotive and infrastructure sectors increases demand for steel, which raises the demand for hydrochloric acid in steel production facilities globally. As a result, demand for acid increased in some steel plants. It is critical to R&D projects and allows for innovative solutions in other industries.
In January 2022, ArcelorMittal Nippon Steel India signed a deal with the Gujarat government to invest US$ 5,893.25 million at its Hazira steel manufacturing facility. The initiative seeks to increase production capacity to 18 million metric tons per year from 8.6 million MMTPA. The contract extended the expansion opportunities for the global HCL market.
Environmental and Regulatory Concerns
Compliance with environmental and safety requirements has a substantial impact on the hydrochloric acid business. Stringent rules governing emissions, waste disposal and worker safety force businesses to invest in pollution control systems and follow tight operating procedures, raising production costs and compliance burdens. Government-imposed trade restrictions, export taxes or import duties increase costs, hinder market access and limit growth potential for manufacturers and exporters of hydrochloric acid.
Hydrochloric acid is a caustic and dangerous chemical that, if mistreated or released into the environment negatively impact human health and environmental health. Concerns about the health and environmental implications of hydrochloric acid consumption led to tougher regulations, public opposition and the adoption of alternative chemicals or technology in specific applications.
The global hydrochloric acid (HCL) market is segmented based on grade, application, end-user and region.
Rising Demand for Pickling in Steel Industry Drives the Segment Growth
Steel pickling is expected to be the dominant segment with over 30% of the market during the forecast period 2024-2031. In the steel industry, pickling involves the use of hydrochloric acid. Impurities such as inorganic pollutants, stains, rust or scale are removed from ferrous metals, copper, precious metals and aluminum alloys using the pickling process.
Many steel pickling operations now use hydrochloric acid instead of sulfuric acid. As a result, the demand for hydrochloric acid grew in various steel production plants. In accordance to the World Steel Association, globally crude steel output in 2021 reached 1,958.5 million tons, representing a 3.7% rise over 1,881.4 million tons in 2020 and is further predicted to expand during the forecast year.
Rising Production in Various End-User Industries in Asia-Pacific
Asia-Pacific is expected to be the dominant region in the global Hydrochloric Acid (HCL) market covering over 30% of the market. Rising production capacities in China, India and other nations, as well as increased demand from the steel, oil and gas and chemical industries, are driving the regional hydrochloric acid market. In the oil and gas sector, HCl is widely used to stimulate wells, especially in carbonate deposits.
With rising demand in countries such as China and India, oil and gas corporations intend to expand their manufacturing operations, resulting in higher hydrochloric acid usage. According to U.S. Energy Information Administration, the region will produce approximately 9.08 million barrels per day of oil in 2021. The steel industry is a major end-user of hydrochloric acid. Asia made 1,382 million tons of crude steel in 2021, a rise of 0.6% from 2020.
The major global players in the market include BASF SE, Covestro, Olin Corp, Westlake Chemical Corp, Occidental Petroleum Corp, Formosa Plastics Corp, Tata Chemicals Ltd, AGC Chemicals, ERCO globally and Detrex Corporation.
The pandemic caused changes in demand for hydrochloric acid as a result of interruptions in many end-use sectors. Manufacturing, construction and automotive industries faced slowdowns or shutdowns, resulting in lower demand for chemicals such as hydrochloric acid, which are used in their production processes. Lockdowns, travel restrictions and border closures interrupted global supply networks, affecting hydrochloric acid production and distribution, as well as raw materials required in its manufacturing.
Transportation delays, major ingredient shortages and logistics issues hampered hydrochloric acid availability and had an impact on market dynamics. The pandemic accelerated trends like remote work, e-commerce expansion and consumer behavior changes, resulting in adjustments in demand for hydrochloric acid across industries. For example, growing demand for pharmaceuticals and disinfectants resulted in increased demand for hydrochloric acid as a raw ingredient for manufacturing these items.
Russia-Ukraine War Impact
Russia and Ukraine are major producers of chemicals, notably hydrochloric acid. Any disruptions in production or transportation caused by the conflict resulted in globally supply shortages or delays. It had an impact on companies that use hydrochloric acid for a variety of uses, including chemical manufacture, metal processing and water treatment. Instability in the region caused price volatility in the globally hydrochloric acid market.
Uncertainty over supply availability, geopolitical tensions and potential trade disruptions might all have an impact on pricing dynamics. Fluctuations in hydrochloric acid pricing have an impact on the cost structure of industries that employ chemicals as a raw material or intermediate product. Hydrochloric acid supply disruptions could interrupt downstream industries' operations, disrupting production schedules, inventory management and overall company continuity.
The global hydrochloric acid (HCL) market report would provide approximately 62 tables, 57 figures and 197 pages.
Target Audience 2024
LIST NOT EXHAUSTIVE