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Hydrochloric Acid Prices Overview

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Market Overview

Quarterly Update on Global Hydrochloric acid Market

For the Quarter Ending September 2020

Europe

The European region encountered HCl supply shortage in Q3 2020 due to disintegration of upstream isocyanate facilities across several locations. Offers were raised after Covestro and BASF declared shutdowns at their isocyanate facilities in August. Demand patterns, especially in Iberia were not too high amid limited sectoral offtakes from the metalworking and automobile industries. Consumption by the downstream industries such as water purification also remained weaker because the tourism industry was facing dents induced by the travel restrictions. The NWE (northwest Europe) Hydrochloric Acid prices registered 10 per cent increment on month-on-month basis extending gains due to production issues, a market source revealed.

North America

Supply of HCl fell substantially in Q3 2020 in the Americas as manufacturers reduced production rates due to a major slump in demand of other Chlor-Alkali products. During the quarter ending September, acid demand from the oil and gas industries was pressured due to restricted use in the applications of hydraulic and fracturing process as the auto industry slowly began to revive from the pandemic blows. HCl contracts registered marked QoQ fall, weighed under the limited requirement of the car fuel and undue delays in the start of steel industries after coronavirus-led restrictions and seasonal storms triggered trade disruptions.

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Services

Market Analysis

Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Hydrochloric Acid is calculated considering the production, import, export and inventory-levels on the country and regional level markets.

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Pricing Analysis

The product price is correlated with the price trend of crude oil, demand-supply gap, fluctuations in the feedstock and with the market movement of the downstream sectors.

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Company Profile

Basic details and information on financial performance of leading global players in the Hydrochloric Acid market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.

News & Deals

Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

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Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Hydrochloric acid manufacturers, spread across the domestic and international markets, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of the company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.

Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Global Hydrochloric acid market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.

Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.

Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Hydrochloric acid market.

Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on monthly and yearly basis.

Finally, region-specific markets for Hydrochloric acid are analyzed and region-wise demand pattern is tracked.

About

Hydrochloric acid (HCl) is a colorless inorganic chemical with pungent smell. It can be produced by the combination of Hydrogen and Chlorine. Hydrochloric acid is also obtained as a by-product from chemical processes like production of vinyl chloride monomer (VCM), ethane, chlorinated methane. It is also used in steel industries for the operations in pickling unit wherein it is used for removing the impurities like carbon and rust. HCl is also consumed for acidizing petroleum wells, ore reduction and ore refining in the production of tin and tantalum, aluminum etching and for various metal processes. It is also used in the production of food and related product processes including the production of calcium chloride which is further used as a stabilizer in food industries. HCl finds key usage in household products for cleaning purposes. Commercially, HCl can be directly produced by the electrolysis of salt solution. In the chlor-alkali industry, this process produces Chlorine, Caustic Soda and Hydrogen. The pure chlorine gas can then be recombined with the hydrogen gas, forming chemically pure hydrogen chloride gas, which is then dissolved in demineralized water, to form chemically pure HCl.

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Hydrochloric Acid Prices Overview