Hydrochloric Acid Market by Grade (Synthetic, By-product), Application, End-use industry (Food & Beverage, Pharmaceutical, Textile, Steel, Oil & Gas, Chemical), Region (North America, Europe, APAC, MEA, South America), & Region - Global Forecast to 2029
The hydrochloric acid market is projected to grow from USD 2.2 Billion in 2024 to USD 3.0 Billion by 2029, at a CAGR of 6.5% during the forecast period. Hydrochloric acid is extensively used in the food processing and steel pickling industries. In food processing, it adjusts pH levels for tasks like curdling milk in cheese production, produces food additives such as gelatine, aids in fermentation for soy sauce, preserves fruits and vegetables, and sanitizes equipment. These applications ensure food quality, safety, and functionality. In steel pickling, hydrochloric acid removes rust, scale, and contaminants from steel surfaces, crucial for preparing steel for galvanizing, plating, and painting. The steel industry's growth, driven by industrialization and infrastructure development, significantly boosts hydrochloric acid demand. According to Worldsteel Association, total world crude steel production in 2023 was 1,888.2 Mt. This increases the demand for hydrochloric acid for the application of steel pickling, underscoring the acid's critical role in metal processing and its impact on the global market.
“By Grade, by-product is largest market for hydrochloric acid during forecast period.”
By-product grade accounts for largest market share for hydrochloric acid. It is primarily utilized in the mining sector for ore extraction, the production of biofuels, oils, and lubricants, as well as in various refinement processes. Additionally, hydrochloric acid is employed in metalworking for pickling steel, aluminum, titanium, and magnesium, as well as for cleaning metal surfaces during galvanizing processes.
“By Application, oil well acidizing account for second largest share during forecast period.”
Ore processing accounts for second largest market share by application for hydrochloric acid market. In ore processing, which includes crushing, grinding, flotation, and leaching, hydrochloric acid is crucial during leaching. Its strong acidity helps dissolve specific minerals, aiding in extracting metals like nickel, cobalt, and rare earth elements. Hydrochloric acid adjusts pH levels and removes impurities, enhancing the purity and yield of the final product. Its use improves the efficiency and effectiveness of mineral extraction, contributing to high-quality metal production.
“By End-Use Industry, Chemical End-use Industry Segment Accounted For second largest share during forecast period.”
Hydrochloric acid is important in the chemical industry, acting as a key reagent in numerous chemical reactions and processes. It is widely used for pH control, neutralization, and chemical synthesis. In chemical manufacturing, hydrochloric acid is crucial for producing inorganic compounds like ferric chloride, polyaluminum chloride, and various chlorides used in water treatment, electronics, and pharmaceuticals. It is also vital in organic synthesis, particularly in producing vinyl chloride and other important organic chemicals. Hydrochloric acid is used to produce high-purity silica, regenerate ion exchange resins, and in processes such as hydrolyzing starches and proteins.
The benefits of hydrochloric acid in the chemical industry are significant. Its strong acidic nature makes it highly effective for various applications, including catalyzing reactions, adjusting pH levels, and neutralizing alkaline substances. Its versatility allows it to be used in numerous chemical processes, enhancing production efficiency and product quality. Hydrochloric acid's compatibility with a wide range of substances ensures its safe and effective integration into diverse chemical production workflows.
Several factors drive the hydrochloric acid market in the chemical industry. The increasing demand for chemical products, fueled by growth in industries such as pharmaceuticals, agriculture, water treatment, and electronics, boosts hydrochloric acid consumption. Technological advancements in chemical synthesis and production processes that improve efficiency and yield also contribute to the rising demand for hydrochloric acid. The expansion of industrial activities in emerging economies, coupled with the growing emphasis on environmental sustainability and regulatory compliance, further supports the hydrochloric acid market. Additionally, the continuous need for high-purity chemicals in various applications, along with the regeneration of ion exchange resins in water treatment and other industries, drives the demand for hydrochloric acid in the chemical sector.
“North America is accounted second larget market for Hydrochloric acid in 2023.”
The North America region is accounted second larget in the Hydrochloric acid market. This growth encompasses countries like US, Canada, and Mexico.
The hydrochloric acid market in North America is being propelled by various factors. The robust industrial sector in the region, particularly in steel manufacturing, chemical processing, and oil refining, is driving significant demand for hydrochloric acid. There is a growing utilization of hydrochloric acid in water treatment applications, including pH regulation and wastewater treatment, which is further stimulating market growth. The expanding usage of hydrochloric acid in the food and beverage industry for purposes such as food processing and cleaning is contributing to increased demand. Moreover, stringent environmental regulations governing the handling and disposal of hazardous chemicals like hydrochloric acid are prompting investments in advanced technologies and safety measures, thereby fostering market growth. The presence of key market players and their focus on research and development endeavors aimed at enhancing product efficiency and sustainability are also fueling the growth of the hydrochloric acid market in North America.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Hydrochloric acid market.
Research Coverage
The market study covers the hydrochloric acid market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on grade, end-use industry, application and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the hydrochloric acid market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall hydrochloric acid market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
The report provides insights on the following pointers:
“By Grade, by-product is largest market for hydrochloric acid during forecast period.”
By-product grade accounts for largest market share for hydrochloric acid. It is primarily utilized in the mining sector for ore extraction, the production of biofuels, oils, and lubricants, as well as in various refinement processes. Additionally, hydrochloric acid is employed in metalworking for pickling steel, aluminum, titanium, and magnesium, as well as for cleaning metal surfaces during galvanizing processes.
“By Application, oil well acidizing account for second largest share during forecast period.”
Ore processing accounts for second largest market share by application for hydrochloric acid market. In ore processing, which includes crushing, grinding, flotation, and leaching, hydrochloric acid is crucial during leaching. Its strong acidity helps dissolve specific minerals, aiding in extracting metals like nickel, cobalt, and rare earth elements. Hydrochloric acid adjusts pH levels and removes impurities, enhancing the purity and yield of the final product. Its use improves the efficiency and effectiveness of mineral extraction, contributing to high-quality metal production.
“By End-Use Industry, Chemical End-use Industry Segment Accounted For second largest share during forecast period.”
Hydrochloric acid is important in the chemical industry, acting as a key reagent in numerous chemical reactions and processes. It is widely used for pH control, neutralization, and chemical synthesis. In chemical manufacturing, hydrochloric acid is crucial for producing inorganic compounds like ferric chloride, polyaluminum chloride, and various chlorides used in water treatment, electronics, and pharmaceuticals. It is also vital in organic synthesis, particularly in producing vinyl chloride and other important organic chemicals. Hydrochloric acid is used to produce high-purity silica, regenerate ion exchange resins, and in processes such as hydrolyzing starches and proteins.
The benefits of hydrochloric acid in the chemical industry are significant. Its strong acidic nature makes it highly effective for various applications, including catalyzing reactions, adjusting pH levels, and neutralizing alkaline substances. Its versatility allows it to be used in numerous chemical processes, enhancing production efficiency and product quality. Hydrochloric acid's compatibility with a wide range of substances ensures its safe and effective integration into diverse chemical production workflows.
Several factors drive the hydrochloric acid market in the chemical industry. The increasing demand for chemical products, fueled by growth in industries such as pharmaceuticals, agriculture, water treatment, and electronics, boosts hydrochloric acid consumption. Technological advancements in chemical synthesis and production processes that improve efficiency and yield also contribute to the rising demand for hydrochloric acid. The expansion of industrial activities in emerging economies, coupled with the growing emphasis on environmental sustainability and regulatory compliance, further supports the hydrochloric acid market. Additionally, the continuous need for high-purity chemicals in various applications, along with the regeneration of ion exchange resins in water treatment and other industries, drives the demand for hydrochloric acid in the chemical sector.
“North America is accounted second larget market for Hydrochloric acid in 2023.”
The North America region is accounted second larget in the Hydrochloric acid market. This growth encompasses countries like US, Canada, and Mexico.
The hydrochloric acid market in North America is being propelled by various factors. The robust industrial sector in the region, particularly in steel manufacturing, chemical processing, and oil refining, is driving significant demand for hydrochloric acid. There is a growing utilization of hydrochloric acid in water treatment applications, including pH regulation and wastewater treatment, which is further stimulating market growth. The expanding usage of hydrochloric acid in the food and beverage industry for purposes such as food processing and cleaning is contributing to increased demand. Moreover, stringent environmental regulations governing the handling and disposal of hazardous chemicals like hydrochloric acid are prompting investments in advanced technologies and safety measures, thereby fostering market growth. The presence of key market players and their focus on research and development endeavors aimed at enhancing product efficiency and sustainability are also fueling the growth of the hydrochloric acid market in North America.
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Hydrochloric acid market.
- By Company Type: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
- By Designation: C Level: 35%, Director Level: 30%, and Others: 35%
- By Region: North America: 25%, Europe: 20%, APAC: 45%, Middle East & Africa: 5%, and South America: 5%
Research Coverage
The market study covers the hydrochloric acid market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on grade, end-use industry, application and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the hydrochloric acid market.
Key Benefits of Buying the Report
The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall hydrochloric acid market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.
The report provides insights on the following pointers:
- Analysis of key drivers (Growth of chemical industry in emerging markets, Extensive use of hydrochloric acid in food processing industries, Pressing need for active pharmaceutical ingredients in pharmaceutical industry, and High demand for steel pickling in metal processing industry), restraints (Volatility in raw material prices, and Trade barriers and increased tariff rates), opportunities (Water treatment and environmental remediation, Increasing demand in oil & gas industry and Extensive laboratory use) and challenges (Health and environmental concerns and Customer preferences and sustainability).
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the hydrochloric acid market
- Market Development: Comprehensive information about lucrative markets – the report analyses the hydrochloric acid market across varied regions
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Hydrochloric acid market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like BASF SE (Germany), Covestro AG (Germany), Olin Corporation (US), Westlake Chemical Corporation (US), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Tata Chemicals Limited (India), AGC Inc. (Japan), ERCO Worldwide (Canada), Detrex Corporation (US), among others in the hydrochloric acid market. The report also helps stakeholders understand the pulse of the hydrochloric acid market and provides them with information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of interviews with experts
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.3 VOLUME MARKET APPROACH
2.3 DATA TRIANGULATION
2.4 FACTOR ANALYSIS
2.5 IMPACT OF RECESSION
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROCHLORIC ACID MARKET
4.2 ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY AND COUNTRY
4.3 HYDROCHLORIC ACID MARKET, BY GRADE
4.4 HYDROCHLORIC ACID MARKET, BY APPLICATION
4.5 HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY
4.6 HYDROCHLORIC ACID MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growth of chemical industry in emerging markets
5.2.1.2 Extensive use of hydrochloric acid in food processing industries
5.2.1.3 Pressing need for active pharmaceutical ingredients in pharmaceutical industry
5.2.1.4 High demand for steel pickling in metal processing industry
5.2.2 RESTRAINTS
5.2.2.1 Volatility in raw material prices
5.2.2.2 Trade barriers and increased tariff rates
5.2.3 OPPORTUNITIES
5.2.3.1 Water treatment and environmental remediation
5.2.3.2 Increasing demand for hydrochloric acid in oil & gas industry
5.2.3.3 Extensive laboratory use of hydrochloric acid
5.2.4 CHALLENGES
5.2.4.1 Health and environmental concerns
5.2.4.2 Customer preferences and sustainability
6 INDUSTRY TRENDS
6.1 PORTER’S FIVE FORCES ANALYSIS
6.1.1 THREAT OF NEW ENTRANTS
6.1.2 THREAT OF SUBSTITUTES
6.1.3 BARGAINING POWER OF SUPPLIERS
6.1.4 BARGAINING POWER OF BUYERS
6.1.5 INTENSITY OF COMPETITIVE RIVALRY
6.2 VALUE CHAIN ANALYSIS
6.3 TRADE ANALYSIS
6.3.1 EXPORT SCENARIO
6.3.2 IMPORT SCENARIO
6.4 MACROECONOMIC INDICATORS
6.4.1 GLOBAL GDP OUTLOOK
6.5 TECHNOLOGY ANALYSIS
6.5.1 KEY TECHNOLOGIES
6.5.1.1 Preconcentration process
6.5.1.2 Direct synthesis
6.5.2 COMPLEMENTARY TECHNOLOGIES
6.5.2.1 Hydrochloric acid recovery
6.5.2.2 Medium concentration process
6.6 TARIFF AND REGULATORY LANDSCAPE
6.6.1 TARIFF RELATED TO HYDROCHLORIC ACID MARKET
6.6.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.7 CASE STUDY ANALYSIS
6.8 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.9 KEY CONFERENCES & EVENTS IN 2024–2025
6.10 KEY STAKEHOLDERS AND BUYING CRITERIA
6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.10.2 BUYING CRITERIA
6.11 ECOSYSTEM/MARKET MAP
6.12 PATENT ANALYSIS
6.12.1 INTRODUCTION
6.12.2 METHODOLOGY
6.13 PRICING ANALYSIS
6.13.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY GRADE
6.13.2 AVERAGE SELLING PRICE TREND, BY REGION
7 HYDROCHLORIC ACID MARKET, BY GRADE
7.1 INTRODUCTION
7.2 SYNTHETIC GRADE
7.2.1 WIDE USE IN CHEMICAL MANUFACTURING AND METAL PROCESSING TO BOOST DEMAND
7.3 BY-PRODUCT GRADE
7.3.1 SURGING DEMAND IN AGROCHEMICALS AND ION EXCHANGERS TO DRIVE MARKET
8 HYDROCHLORIC ACID MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 STEEL PICKLING
8.2.1 VERSATILE APPLICATIONS IN STEEL PICKLING TO DRIVE DEMAND
8.3 OIL WELL ACIDIZING
8.3.1 PRESSING NEED FOR IMPROVING PRODUCTIVITY OF OIL WELLS TO DRIVE MARKET
8.4 ORE PROCESSING
8.4.1 EFFICACY IN ENHANCING MINERAL EXTRACTION TO DRIVE MARKET
8.5 FOOD PROCESSING
8.5.1 INCREASED DEMAND FOR FOOD ADDITIVES AND FLAVORING AGENTS TO BOOST MARKET
8.6 POOL SANITATION
8.6.1 SURGING DEMAND FOR HYDROCHLORIC ACID IN POOL SANITATION TO DRIVE MARKET
8.7 CALCIUM CHLORIDE
8.7.1 RISING NEED FOR FOOD PRESERVATION AND INDUSTRIAL DRYING TO BOOST DEMAND
8.8 BIODIESEL
8.8.1 INCREASING DEMAND IN BIODIESEL PRODUCTION TO DRIVE MARKET
8.9 OTHER APPLICATIONS
9 HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY
9.1 INTRODUCTION
9.2 FOOD & BEVERAGE
9.2.1 INCREASING DEMAND FOR HYDROCHLORIC ACID IN DAIRY PRODUCTS AND SWEETENERS TO DRIVE MARKET
9.3 PHARMACEUTICAL
9.3.1 USE IN VARIOUS PHASES OF DRUG DEVELOPMENT AND PRODUCTION TO DRIVE MARKET
9.4 TEXTILE
9.4.1 RISING DEMAND FOR HYDROCHLORIC ACID IN DYEING AND FABRIC PROCESSING TO DRIVE MARKET
9.5 STEEL
9.5.1 TECHNOLOGICAL ADVANCEMENTS IN STEEL MANUFACTURING AND PICKLING PROCESSES TO SUPPORT MARKET GROWTH
9.6 OIL & GAS
9.6.1 INCREASED DEMAND FOR WELL STIMULATION AND ACIDIZING SERVICES TO DRIVE MARKET
9.7 CHEMICAL
9.7.1 TECHNOLOGICAL ADVANCEMENTS IN CHEMICAL SYNTHESIS AND PRODUCTION PROCESSES TO BOOST DEMAND
9.8 OTHER END-USE INDUSTRIES
10 HYDROCHLORIC ACID MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 RECESSION IMPACT
10.2.2 CHINA
10.2.2.1 Strict environmental regulations and rapid urbanization to drive market
10.2.3 INDIA
10.2.3.1 Growth of food & beverage industry to fuel demand for hydrochloric acid
10.2.4 JAPAN
10.2.4.1 Surge in automotive and steel production to drive market
10.2.5 SOUTH KOREA
10.2.5.1 Growth of chemical and pharmaceutical industries to boost demand
10.2.6 REST OF ASIA PACIFIC
10.3 EUROPE
10.3.1 IMPACT OF RECESSION
10.3.2 GERMANY
10.3.2.1 Advancing circular economy and automotive industry to drive market
10.3.3 FRANCE
10.3.3.1 Surge in water treatment plants to drive market
10.3.4 ITALY
10.3.4.1 Diverse industrial uses and stringent regulatory frameworks to drive market
10.3.5 UK
10.3.5.1 Industrial strength and environmental commitment to boost market
10.3.6 SPAIN
10.3.6.1 Growth of water treatment and steel industry to drive market
10.3.7 REST OF EUROPE
10.4 MIDDLE EAST & AFRICA
10.4.1 RECESSION IMPACT
10.4.2 GCC COUNTRIES
10.4.2.1 Saudi Arabia
10.4.2.1.1 Saudi Vision 2030 to play a crucial role in driving market
10.4.2.2 UAE
10.4.2.2.1 Rising demand for steel in construction and manufacturing activities to drive market
10.4.2.3 Rest of GCC countries
10.4.3 SOUTH AFRICA
10.4.3.1 Mining Charter and Mineral Beneficiation Strategy to support market growth
10.4.4 IRAN
10.4.4.1 Growth of mining and oil & gas industries to drive market
10.4.5 MOROCCO
10.4.5.1 Increasing investments in water treatment infrastructure and industrial growth to boost market
10.4.6 REST OF MIDDLE EAST & AFRICA
10.5 NORTH AMERICA
10.5.1 IMPACT OF RECESSION
10.5.2 US
10.5.2.1 Rise in construction activities to drive market
10.5.3 CANADA
10.5.3.1 Expansion of food & beverage industry to propel market
10.5.4 MEXICO
10.5.4.1 Growth of pharmaceutical industry to drive market
10.6 SOUTH AMERICA
10.6.1 IMPACT OF RECESSION
10.6.2 BRAZIL
10.6.2.1 Growth of construction sector to drive market
10.6.3 ARGENTINA
10.6.3.1 Expansion of mining industry to drive market
10.6.4 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES
11.3 REVENUE ANALYSIS OF KEY PLAYERS
11.4 MARKET SHARE ANALYSIS
11.4.1 MARKET RANKING ANALYSIS
11.5 COMPANY VALUATION AND FINANCIAL METRICS
11.6 PRODUCT/BRAND COMPARISON ANALYSIS
11.7 COMPANY EVALUATION MATRIX, KEY PLAYERS
11.7.1 STARS
11.7.2 EMERGING LEADERS
11.7.3 PERVASIVE PLAYERS
11.7.4 PARTICIPANTS
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.7.5.1 Company footprint
11.7.5.2 Grade footprint
11.7.5.3 Application footprint
11.7.5.4 End-use industry footprint
11.7.5.5 Region footprint
11.8 COMPANY EVALUATION MATRIX, STARTUPS/SMES
11.8.1 PROGRESSIVE COMPANIES
11.8.2 RESPONSIVE COMPANIES
11.8.3 DYNAMIC COMPANIES
11.8.4 STARTING BLOCKS
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.9 COMPETITIVE SCENARIO
11.9.1 DEALS
11.9.2 EXPANSIONS
11.9.3 OTHER DEVELOPMENTS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 BASF SE
12.1.1.1 Business overview
12.1.1.2 Products/Solutions/Services offered
12.1.1.3 Recent developments
12.1.1.4 MnM view
12.1.1.4.1 Right to win
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses & competitive threats
12.1.2 COVESTRO AG
12.1.2.1 Business overview
12.1.2.2 Products/Solutions/Services offered
12.1.2.3 MnM view
12.1.2.3.1 Right to win
12.1.2.3.2 Strategic choices
12.1.2.3.3 Weaknesses & competitive threats
12.1.3 OLIN CORPORATION
12.1.3.1 Business overview
12.1.3.2 Products/Solutions/Services offered
12.1.3.3 Recent developments
12.1.3.4 MnM view
12.1.3.4.1 Right to win
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses & competitive threats
12.1.4 WESTLAKE CORPORATION
12.1.4.1 Business overview
12.1.4.2 Products/Solutions/Services offered
12.1.4.3 Recent developments
12.1.4.4 MnM view
12.1.4.4.1 Right to win
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses & competitive threats
12.1.5 OCCIDENTAL PETROLEUM CORPORATION
12.1.5.1 Business overview
12.1.5.2 Products/Solutions/Services offered
12.1.5.3 MnM view
12.1.5.3.1 Right to win
12.1.5.3.2 Strategic choices
12.1.5.3.3 Weaknesses & competitive threats
12.1.6 FORMOSA PLASTICS CORPORATION
12.1.6.1 Business overview
12.1.6.2 Products/Solutions/Services offered
12.1.6.3 MnM view
12.1.7 TATA CHEMICALS LIMITED
12.1.7.1 Business overview
12.1.7.2 Products/Solutions/Services offered
12.1.7.3 Recent developments
12.1.7.4 MnM view
12.1.7.4.1 Right to win
12.1.7.4.2 Strategic choices
12.1.7.4.3 Weaknesses and competitive threats
12.1.8 AGC INC.
12.1.8.1 Business overview
12.1.8.2 Products/Solutions/Services offered
12.1.8.3 MnM view
12.1.9 ERCO WORLDWIDE
12.1.9.1 Business overview
12.1.9.2 Products/Solutions/Services offered
12.1.9.3 MnM view
12.1.10 DETREX CORPORATION
12.1.10.1 Business overview
12.1.10.2 Products/Solutions/Services Offered
12.1.10.3 MnM view
12.2 OTHER PLAYERS
12.2.1 AURORA FINE CHEMICALS
12.2.2 ZOUPING DONGFANG CHEMICAL INDUSTRY CO., LTD.
12.2.3 ACURO ORGANICS LIMITED
12.2.4 MAXWELL ADDITIVES PVT. LTD.
12.2.5 CHEMTEX SPECIALITY LIMITED
12.2.6 POLYSCIENCES INC.
12.2.7 INEOS KOH
12.2.8 NOURYON
12.2.9 CONTINENTAL CHEMICAL USA
12.2.10 JONES-HAMILTON CO.
12.2.11 TRONOX HOLDINGS PLC
12.2.12 KUHLMANN EUROPE
12.2.13 PCC GROUP
12.2.14 HAWKINS
12.2.15 HYDRITE CHEMICAL
13 ADJACENT & RELATED MARKET
13.1 INTRODUCTION
13.2 LIMITATIONS
13.2.1 POLYLACTIC ACID MARKET
13.2.1.1 Market definition
13.2.1.2 Polylactic acid market, by raw material
13.2.1.3 Polylactic acid market, by application
13.2.1.4 Polylactic acid market, by end-use industry
13.2.1.5 Polylactic acid market, by grade
13.2.1.6 Polylactic acid market, by region
13.2.2 GLYCOLIC ACID MARKET
13.2.2.1 Market definition
13.2.2.2 Glycolic acid market, by purity
13.2.2.3 Glycolic acid market, by grade
13.2.2.4 Glycolic acid market, by application
13.2.2.5 Glycolic acid market, by region
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 INCLUSIONS AND EXCLUSIONS
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNITS CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of interviews with experts
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.3 VOLUME MARKET APPROACH
2.3 DATA TRIANGULATION
2.4 FACTOR ANALYSIS
2.5 IMPACT OF RECESSION
2.6 RESEARCH ASSUMPTIONS
2.7 RESEARCH LIMITATIONS
2.8 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROCHLORIC ACID MARKET
4.2 ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY AND COUNTRY
4.3 HYDROCHLORIC ACID MARKET, BY GRADE
4.4 HYDROCHLORIC ACID MARKET, BY APPLICATION
4.5 HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY
4.6 HYDROCHLORIC ACID MARKET, BY KEY COUNTRY
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growth of chemical industry in emerging markets
5.2.1.2 Extensive use of hydrochloric acid in food processing industries
5.2.1.3 Pressing need for active pharmaceutical ingredients in pharmaceutical industry
5.2.1.4 High demand for steel pickling in metal processing industry
5.2.2 RESTRAINTS
5.2.2.1 Volatility in raw material prices
5.2.2.2 Trade barriers and increased tariff rates
5.2.3 OPPORTUNITIES
5.2.3.1 Water treatment and environmental remediation
5.2.3.2 Increasing demand for hydrochloric acid in oil & gas industry
5.2.3.3 Extensive laboratory use of hydrochloric acid
5.2.4 CHALLENGES
5.2.4.1 Health and environmental concerns
5.2.4.2 Customer preferences and sustainability
6 INDUSTRY TRENDS
6.1 PORTER’S FIVE FORCES ANALYSIS
6.1.1 THREAT OF NEW ENTRANTS
6.1.2 THREAT OF SUBSTITUTES
6.1.3 BARGAINING POWER OF SUPPLIERS
6.1.4 BARGAINING POWER OF BUYERS
6.1.5 INTENSITY OF COMPETITIVE RIVALRY
6.2 VALUE CHAIN ANALYSIS
6.3 TRADE ANALYSIS
6.3.1 EXPORT SCENARIO
6.3.2 IMPORT SCENARIO
6.4 MACROECONOMIC INDICATORS
6.4.1 GLOBAL GDP OUTLOOK
6.5 TECHNOLOGY ANALYSIS
6.5.1 KEY TECHNOLOGIES
6.5.1.1 Preconcentration process
6.5.1.2 Direct synthesis
6.5.2 COMPLEMENTARY TECHNOLOGIES
6.5.2.1 Hydrochloric acid recovery
6.5.2.2 Medium concentration process
6.6 TARIFF AND REGULATORY LANDSCAPE
6.6.1 TARIFF RELATED TO HYDROCHLORIC ACID MARKET
6.6.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
6.7 CASE STUDY ANALYSIS
6.8 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS
6.9 KEY CONFERENCES & EVENTS IN 2024–2025
6.10 KEY STAKEHOLDERS AND BUYING CRITERIA
6.10.1 KEY STAKEHOLDERS IN BUYING PROCESS
6.10.2 BUYING CRITERIA
6.11 ECOSYSTEM/MARKET MAP
6.12 PATENT ANALYSIS
6.12.1 INTRODUCTION
6.12.2 METHODOLOGY
6.13 PRICING ANALYSIS
6.13.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY GRADE
6.13.2 AVERAGE SELLING PRICE TREND, BY REGION
7 HYDROCHLORIC ACID MARKET, BY GRADE
7.1 INTRODUCTION
7.2 SYNTHETIC GRADE
7.2.1 WIDE USE IN CHEMICAL MANUFACTURING AND METAL PROCESSING TO BOOST DEMAND
7.3 BY-PRODUCT GRADE
7.3.1 SURGING DEMAND IN AGROCHEMICALS AND ION EXCHANGERS TO DRIVE MARKET
8 HYDROCHLORIC ACID MARKET, BY APPLICATION
8.1 INTRODUCTION
8.2 STEEL PICKLING
8.2.1 VERSATILE APPLICATIONS IN STEEL PICKLING TO DRIVE DEMAND
8.3 OIL WELL ACIDIZING
8.3.1 PRESSING NEED FOR IMPROVING PRODUCTIVITY OF OIL WELLS TO DRIVE MARKET
8.4 ORE PROCESSING
8.4.1 EFFICACY IN ENHANCING MINERAL EXTRACTION TO DRIVE MARKET
8.5 FOOD PROCESSING
8.5.1 INCREASED DEMAND FOR FOOD ADDITIVES AND FLAVORING AGENTS TO BOOST MARKET
8.6 POOL SANITATION
8.6.1 SURGING DEMAND FOR HYDROCHLORIC ACID IN POOL SANITATION TO DRIVE MARKET
8.7 CALCIUM CHLORIDE
8.7.1 RISING NEED FOR FOOD PRESERVATION AND INDUSTRIAL DRYING TO BOOST DEMAND
8.8 BIODIESEL
8.8.1 INCREASING DEMAND IN BIODIESEL PRODUCTION TO DRIVE MARKET
8.9 OTHER APPLICATIONS
9 HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY
9.1 INTRODUCTION
9.2 FOOD & BEVERAGE
9.2.1 INCREASING DEMAND FOR HYDROCHLORIC ACID IN DAIRY PRODUCTS AND SWEETENERS TO DRIVE MARKET
9.3 PHARMACEUTICAL
9.3.1 USE IN VARIOUS PHASES OF DRUG DEVELOPMENT AND PRODUCTION TO DRIVE MARKET
9.4 TEXTILE
9.4.1 RISING DEMAND FOR HYDROCHLORIC ACID IN DYEING AND FABRIC PROCESSING TO DRIVE MARKET
9.5 STEEL
9.5.1 TECHNOLOGICAL ADVANCEMENTS IN STEEL MANUFACTURING AND PICKLING PROCESSES TO SUPPORT MARKET GROWTH
9.6 OIL & GAS
9.6.1 INCREASED DEMAND FOR WELL STIMULATION AND ACIDIZING SERVICES TO DRIVE MARKET
9.7 CHEMICAL
9.7.1 TECHNOLOGICAL ADVANCEMENTS IN CHEMICAL SYNTHESIS AND PRODUCTION PROCESSES TO BOOST DEMAND
9.8 OTHER END-USE INDUSTRIES
10 HYDROCHLORIC ACID MARKET, BY REGION
10.1 INTRODUCTION
10.2 ASIA PACIFIC
10.2.1 RECESSION IMPACT
10.2.2 CHINA
10.2.2.1 Strict environmental regulations and rapid urbanization to drive market
10.2.3 INDIA
10.2.3.1 Growth of food & beverage industry to fuel demand for hydrochloric acid
10.2.4 JAPAN
10.2.4.1 Surge in automotive and steel production to drive market
10.2.5 SOUTH KOREA
10.2.5.1 Growth of chemical and pharmaceutical industries to boost demand
10.2.6 REST OF ASIA PACIFIC
10.3 EUROPE
10.3.1 IMPACT OF RECESSION
10.3.2 GERMANY
10.3.2.1 Advancing circular economy and automotive industry to drive market
10.3.3 FRANCE
10.3.3.1 Surge in water treatment plants to drive market
10.3.4 ITALY
10.3.4.1 Diverse industrial uses and stringent regulatory frameworks to drive market
10.3.5 UK
10.3.5.1 Industrial strength and environmental commitment to boost market
10.3.6 SPAIN
10.3.6.1 Growth of water treatment and steel industry to drive market
10.3.7 REST OF EUROPE
10.4 MIDDLE EAST & AFRICA
10.4.1 RECESSION IMPACT
10.4.2 GCC COUNTRIES
10.4.2.1 Saudi Arabia
10.4.2.1.1 Saudi Vision 2030 to play a crucial role in driving market
10.4.2.2 UAE
10.4.2.2.1 Rising demand for steel in construction and manufacturing activities to drive market
10.4.2.3 Rest of GCC countries
10.4.3 SOUTH AFRICA
10.4.3.1 Mining Charter and Mineral Beneficiation Strategy to support market growth
10.4.4 IRAN
10.4.4.1 Growth of mining and oil & gas industries to drive market
10.4.5 MOROCCO
10.4.5.1 Increasing investments in water treatment infrastructure and industrial growth to boost market
10.4.6 REST OF MIDDLE EAST & AFRICA
10.5 NORTH AMERICA
10.5.1 IMPACT OF RECESSION
10.5.2 US
10.5.2.1 Rise in construction activities to drive market
10.5.3 CANADA
10.5.3.1 Expansion of food & beverage industry to propel market
10.5.4 MEXICO
10.5.4.1 Growth of pharmaceutical industry to drive market
10.6 SOUTH AMERICA
10.6.1 IMPACT OF RECESSION
10.6.2 BRAZIL
10.6.2.1 Growth of construction sector to drive market
10.6.3 ARGENTINA
10.6.3.1 Expansion of mining industry to drive market
10.6.4 REST OF SOUTH AMERICA
11 COMPETITIVE LANDSCAPE
11.1 OVERVIEW
11.2 KEY PLAYER STRATEGIES
11.3 REVENUE ANALYSIS OF KEY PLAYERS
11.4 MARKET SHARE ANALYSIS
11.4.1 MARKET RANKING ANALYSIS
11.5 COMPANY VALUATION AND FINANCIAL METRICS
11.6 PRODUCT/BRAND COMPARISON ANALYSIS
11.7 COMPANY EVALUATION MATRIX, KEY PLAYERS
11.7.1 STARS
11.7.2 EMERGING LEADERS
11.7.3 PERVASIVE PLAYERS
11.7.4 PARTICIPANTS
11.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023
11.7.5.1 Company footprint
11.7.5.2 Grade footprint
11.7.5.3 Application footprint
11.7.5.4 End-use industry footprint
11.7.5.5 Region footprint
11.8 COMPANY EVALUATION MATRIX, STARTUPS/SMES
11.8.1 PROGRESSIVE COMPANIES
11.8.2 RESPONSIVE COMPANIES
11.8.3 DYNAMIC COMPANIES
11.8.4 STARTING BLOCKS
11.8.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023
11.9 COMPETITIVE SCENARIO
11.9.1 DEALS
11.9.2 EXPANSIONS
11.9.3 OTHER DEVELOPMENTS
12 COMPANY PROFILES
12.1 KEY PLAYERS
12.1.1 BASF SE
12.1.1.1 Business overview
12.1.1.2 Products/Solutions/Services offered
12.1.1.3 Recent developments
12.1.1.4 MnM view
12.1.1.4.1 Right to win
12.1.1.4.2 Strategic choices
12.1.1.4.3 Weaknesses & competitive threats
12.1.2 COVESTRO AG
12.1.2.1 Business overview
12.1.2.2 Products/Solutions/Services offered
12.1.2.3 MnM view
12.1.2.3.1 Right to win
12.1.2.3.2 Strategic choices
12.1.2.3.3 Weaknesses & competitive threats
12.1.3 OLIN CORPORATION
12.1.3.1 Business overview
12.1.3.2 Products/Solutions/Services offered
12.1.3.3 Recent developments
12.1.3.4 MnM view
12.1.3.4.1 Right to win
12.1.3.4.2 Strategic choices
12.1.3.4.3 Weaknesses & competitive threats
12.1.4 WESTLAKE CORPORATION
12.1.4.1 Business overview
12.1.4.2 Products/Solutions/Services offered
12.1.4.3 Recent developments
12.1.4.4 MnM view
12.1.4.4.1 Right to win
12.1.4.4.2 Strategic choices
12.1.4.4.3 Weaknesses & competitive threats
12.1.5 OCCIDENTAL PETROLEUM CORPORATION
12.1.5.1 Business overview
12.1.5.2 Products/Solutions/Services offered
12.1.5.3 MnM view
12.1.5.3.1 Right to win
12.1.5.3.2 Strategic choices
12.1.5.3.3 Weaknesses & competitive threats
12.1.6 FORMOSA PLASTICS CORPORATION
12.1.6.1 Business overview
12.1.6.2 Products/Solutions/Services offered
12.1.6.3 MnM view
12.1.7 TATA CHEMICALS LIMITED
12.1.7.1 Business overview
12.1.7.2 Products/Solutions/Services offered
12.1.7.3 Recent developments
12.1.7.4 MnM view
12.1.7.4.1 Right to win
12.1.7.4.2 Strategic choices
12.1.7.4.3 Weaknesses and competitive threats
12.1.8 AGC INC.
12.1.8.1 Business overview
12.1.8.2 Products/Solutions/Services offered
12.1.8.3 MnM view
12.1.9 ERCO WORLDWIDE
12.1.9.1 Business overview
12.1.9.2 Products/Solutions/Services offered
12.1.9.3 MnM view
12.1.10 DETREX CORPORATION
12.1.10.1 Business overview
12.1.10.2 Products/Solutions/Services Offered
12.1.10.3 MnM view
12.2 OTHER PLAYERS
12.2.1 AURORA FINE CHEMICALS
12.2.2 ZOUPING DONGFANG CHEMICAL INDUSTRY CO., LTD.
12.2.3 ACURO ORGANICS LIMITED
12.2.4 MAXWELL ADDITIVES PVT. LTD.
12.2.5 CHEMTEX SPECIALITY LIMITED
12.2.6 POLYSCIENCES INC.
12.2.7 INEOS KOH
12.2.8 NOURYON
12.2.9 CONTINENTAL CHEMICAL USA
12.2.10 JONES-HAMILTON CO.
12.2.11 TRONOX HOLDINGS PLC
12.2.12 KUHLMANN EUROPE
12.2.13 PCC GROUP
12.2.14 HAWKINS
12.2.15 HYDRITE CHEMICAL
13 ADJACENT & RELATED MARKET
13.1 INTRODUCTION
13.2 LIMITATIONS
13.2.1 POLYLACTIC ACID MARKET
13.2.1.1 Market definition
13.2.1.2 Polylactic acid market, by raw material
13.2.1.3 Polylactic acid market, by application
13.2.1.4 Polylactic acid market, by end-use industry
13.2.1.5 Polylactic acid market, by grade
13.2.1.6 Polylactic acid market, by region
13.2.2 GLYCOLIC ACID MARKET
13.2.2.1 Market definition
13.2.2.2 Glycolic acid market, by purity
13.2.2.3 Glycolic acid market, by grade
13.2.2.4 Glycolic acid market, by application
13.2.2.5 Glycolic acid market, by region
14 APPENDIX
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 CUSTOMIZATION OPTIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
