Product Code: IRTNTR71836
The hydrochloric acid market is forecasted to grow by USD 978.77 mn during 2023-2028, accelerating at a CAGR of 6.12% during the forecast period. The report on the hydrochloric acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for PVC, growing demand for hydrochloric acid in APAC, and increasing demand for MDI.
Technavio's hydrochloric acid market is segmented as below:
Market Scope |
Base Year | 2022 |
End Year | 2027 |
Series Year | 2023-2027 |
Growth Momentum | Accelerate |
YOY 2023 | 5.72% |
CAGR | 6.12% |
Incremental Value | $978.77mn |
By End-user
- Food
- Steel
- Oil
- Chemicals
- Ore processing and others
By Grade Type
By-product grade
By Geographical Landscape
- APAC
- North America
- Europe
- Middle East and Africa
- South America
This study identifies the increasing demand-supply gap as one of the prime reasons driving the hydrochloric acid market growth during the next few years. Also, expansion of hydrochloric acid facilities and growing demand for pickling in steel industry will lead to sizable demand in the market.
The report on the hydrochloric acid market covers the following areas:
- Hydrochloric acid market sizing
- Hydrochloric acid market forecast
- Hydrochloric acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydrochloric acid market vendors that include AGC Inc., BASF SE, Coogee, Covestro AG, ERCO Worldwide, FSTI Inc., INOVYN Europe Ltd., Italmatch Chemicals Spa, Jones Hamilton Co., Kemira Oyj, Merck KGaA, Occidental Petroleum Corp., Olin Corp., PCC SE, Qingdao Hisea Chem Co. Ltd., Shiva Group, SPOLANA s.r.o., Tessenderlo Group NV, W.K. Merriman Inc., and Westlake Corp.. Also, the hydrochloric acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary - Chart on Market Overview
- Exhibit 02: Executive Summary - Data Table on Market Overview
- Exhibit 03: Executive Summary - Chart on Global Market Characteristics
- Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
- Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary - Chart on Market Segmentation by Grade Type
- Exhibit 07: Executive Summary - Chart on Incremental Growth
- Exhibit 08: Executive Summary - Data Table on Incremental Growth
- Exhibit 09: Executive Summary - Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global hydrochloric acid market 2018 - 2022
- Exhibit 18: Historic Market Size - Data Table on global hydrochloric acid market 2018 - 2022 ($ million)
- 4.2 End-User Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size - End-User Segment 2018 - 2022 ($ million)
- 4.3 Grade Type Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size - Grade Type Segment 2018 - 2022 ($ million)
- 4.4 Geography Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country Segment Analysis 2018 - 2022
- Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
- 6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user
- 6.3 Food - Market size and forecast 2023-2028
- Exhibit 34: Chart on Food - Market size and forecast 2023-2028 ($ million)
- Exhibit 35: Data Table on Food - Market size and forecast 2023-2028 ($ million)
- Exhibit 36: Chart on Food - Year-over-year growth 2023-2028 (%)
- Exhibit 37: Data Table on Food - Year-over-year growth 2023-2028 (%)
- 6.4 Steel - Market size and forecast 2023-2028
- Exhibit 38: Chart on Steel - Market size and forecast 2023-2028 ($ million)
- Exhibit 39: Data Table on Steel - Market size and forecast 2023-2028 ($ million)
- Exhibit 40: Chart on Steel - Year-over-year growth 2023-2028 (%)
- Exhibit 41: Data Table on Steel - Year-over-year growth 2023-2028 (%)
- 6.5 Oil - Market size and forecast 2023-2028
- Exhibit 42: Chart on Oil - Market size and forecast 2023-2028 ($ million)
- Exhibit 43: Data Table on Oil - Market size and forecast 2023-2028 ($ million)
- Exhibit 44: Chart on Oil - Year-over-year growth 2023-2028 (%)
- Exhibit 45: Data Table on Oil - Year-over-year growth 2023-2028 (%)
- 6.6 Chemicals - Market size and forecast 2023-2028
- Exhibit 46: Chart on Chemicals - Market size and forecast 2023-2028 ($ million)
- Exhibit 47: Data Table on Chemicals - Market size and forecast 2023-2028 ($ million)
- Exhibit 48: Chart on Chemicals - Year-over-year growth 2023-2028 (%)
- Exhibit 49: Data Table on Chemicals - Year-over-year growth 2023-2028 (%)
- 6.7 Ore processing and others - Market size and forecast 2023-2028
- Exhibit 50: Chart on Ore processing and others - Market size and forecast 2023-2028 ($ million)
- Exhibit 51: Data Table on Ore processing and others - Market size and forecast 2023-2028 ($ million)
- Exhibit 52: Chart on Ore processing and others - Year-over-year growth 2023-2028 (%)
- Exhibit 53: Data Table on Ore processing and others - Year-over-year growth 2023-2028 (%)
- 6.8 Market opportunity by End-user
- Exhibit 54: Market opportunity by End-user ($ million)
- Exhibit 55: Data Table on Market opportunity by End-user ($ million)
7 Market Segmentation by Grade Type
- 7.1 Market segments
- Exhibit 56: Chart on Grade Type - Market share 2023-2028 (%)
- Exhibit 57: Data Table on Grade Type - Market share 2023-2028 (%)
- 7.2 Comparison by Grade Type
- Exhibit 58: Chart on Comparison by Grade Type
- Exhibit 59: Data Table on Comparison by Grade Type
- 7.3 By-product grade - Market size and forecast 2023-2028
- Exhibit 60: Chart on By-product grade - Market size and forecast 2023-2028 ($ million)
- Exhibit 61: Data Table on By-product grade - Market size and forecast 2023-2028 ($ million)
- Exhibit 62: Chart on By-product grade - Year-over-year growth 2023-2028 (%)
- Exhibit 63: Data Table on By-product grade - Year-over-year growth 2023-2028 (%)
- 7.4 Synthetic grade - Market size and forecast 2023-2028
- Exhibit 64: Chart on Synthetic grade - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Data Table on Synthetic grade - Market size and forecast 2023-2028 ($ million)
- Exhibit 66: Chart on Synthetic grade - Year-over-year growth 2023-2028 (%)
- Exhibit 67: Data Table on Synthetic grade - Year-over-year growth 2023-2028 (%)
- 7.5 Market opportunity by Grade Type
- Exhibit 68: Market opportunity by Grade Type ($ million)
- Exhibit 69: Data Table on Market opportunity by Grade Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 71: Chart on Market share By Geographical Landscape 2023-2028 (%)
- Exhibit 72: Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Exhibit 73: Chart on Geographic comparison
- Exhibit 74: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Exhibit 75: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 North America - Market size and forecast 2023-2028
- Exhibit 79: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.5 Europe - Market size and forecast 2023-2028
- Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.6 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.7 South America - Market size and forecast 2023-2028
- Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Exhibit 95: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 96: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 97: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Exhibit 99: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 100: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 101: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 102: Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 Japan - Market size and forecast 2023-2028
- Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
- 9.11 Germany - Market size and forecast 2023-2028
- Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.12 UK - Market size and forecast 2023-2028
- Exhibit 111: Chart on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 112: Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 113: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 114: Data Table on UK - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Exhibit 115: Market opportunity By Geographical Landscape ($ million)
- Exhibit 116: Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 117: Impact of drivers and challenges in 2023 and 2028
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 119: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 120: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 121: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 122: Matrix on vendor position and classification
- 12.3 AGC Inc.
- Exhibit 123: AGC Inc. - Overview
- Exhibit 124: AGC Inc. - Business segments
- Exhibit 125: AGC Inc. - Key news
- Exhibit 126: AGC Inc. - Key offerings
- Exhibit 127: AGC Inc. - Segment focus
- 12.4 BASF SE
- Exhibit 128: BASF SE - Overview
- Exhibit 129: BASF SE - Business segments
- Exhibit 130: BASF SE - Key news
- Exhibit 131: BASF SE - Key offerings
- Exhibit 132: BASF SE - Segment focus
- 12.5 Coogee
- Exhibit 133: Coogee - Overview
- Exhibit 134: Coogee - Product / Service
- Exhibit 135: Coogee - Key offerings
- 12.6 Covestro AG
- Exhibit 136: Covestro AG - Overview
- Exhibit 137: Covestro AG - Business segments
- Exhibit 138: Covestro AG - Key news
- Exhibit 139: Covestro AG - Key offerings
- Exhibit 140: Covestro AG - Segment focus
- 12.7 ERCO Worldwide
- Exhibit 141: ERCO Worldwide - Overview
- Exhibit 142: ERCO Worldwide - Product / Service
- Exhibit 143: ERCO Worldwide - Key offerings
- 12.8 FSTI Inc.
- Exhibit 144: FSTI Inc. - Overview
- Exhibit 145: FSTI Inc. - Product / Service
- Exhibit 146: FSTI Inc. - Key offerings
- 12.9 INOVYN Europe Ltd.
- Exhibit 147: INOVYN Europe Ltd. - Overview
- Exhibit 148: INOVYN Europe Ltd. - Product / Service
- Exhibit 149: INOVYN Europe Ltd. - Key offerings
- 12.10 Italmatch Chemicals Spa
- Exhibit 150: Italmatch Chemicals Spa - Overview
- Exhibit 151: Italmatch Chemicals Spa - Business segments
- Exhibit 152: Italmatch Chemicals Spa - Key offerings
- Exhibit 153: Italmatch Chemicals Spa - Segment focus
- 12.11 Jones Hamilton Co.
- Exhibit 154: Jones Hamilton Co. - Overview
- Exhibit 155: Jones Hamilton Co. - Product / Service
- Exhibit 156: Jones Hamilton Co. - Key offerings
- 12.12 Kemira Oyj
- Exhibit 157: Kemira Oyj - Overview
- Exhibit 158: Kemira Oyj - Business segments
- Exhibit 159: Kemira Oyj - Key news
- Exhibit 160: Kemira Oyj - Key offerings
- Exhibit 161: Kemira Oyj - Segment focus
- 12.13 Merck KGaA
- Exhibit 162: Merck KGaA - Overview
- Exhibit 163: Merck KGaA - Business segments
- Exhibit 164: Merck KGaA - Key news
- Exhibit 165: Merck KGaA - Key offerings
- Exhibit 166: Merck KGaA - Segment focus
- 12.14 Occidental Petroleum Corp.
- Exhibit 167: Occidental Petroleum Corp. - Overview
- Exhibit 168: Occidental Petroleum Corp. - Business segments
- Exhibit 169: Occidental Petroleum Corp. - Key offerings
- Exhibit 170: Occidental Petroleum Corp. - Segment focus
- 12.15 Olin Corp.
- Exhibit 171: Olin Corp. - Overview
- Exhibit 172: Olin Corp. - Business segments
- Exhibit 173: Olin Corp. - Key offerings
- Exhibit 174: Olin Corp. - Segment focus
- 12.16 PCC SE
- Exhibit 175: PCC SE - Overview
- Exhibit 176: PCC SE - Product / Service
- Exhibit 177: PCC SE - Key offerings
- 12.17 Westlake Corp.
- Exhibit 178: Westlake Corp. - Overview
- Exhibit 179: Westlake Corp. - Business segments
- Exhibit 180: Westlake Corp. - Key offerings
- Exhibit 181: Westlake Corp. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 182: Inclusions checklist
- Exhibit 183: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 184: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 185: Research methodology
- Exhibit 186: Validation techniques employed for market sizing
- Exhibit 187: Information sources
- 13.5 List of abbreviations
- Exhibit 188: List of abbreviations