The global Hydrochloric Acid market has reached around 15 million tonnes in 2024 and is expected to grow at a CAGR of 3.73% during the forecast period until 2035. Dow Chemical is one of the leading producers of Hydrochloric Acid. Recently, Dow Chemical is making collaborations with Pack Studios for sustainable packaging to reduce harmful impact on environment as a part of CSR on 25 years completion.
Hydrochloric acid is produced as a by-product during the manufacturing of certain chemicals. These chemicals include chlorinated solvents, isocyanates, organics, fluorocarbons, magnesium, and vinyl chloride monomer. Another method is by direct reaction of Hydrogen and Chlorine. Different grades of Hydrochloric acid are used in the Manufacturing, Food and Pharmaceutical Industries. This Acid is used in the production of organic and inorganic compounds, cleaning agents, fertilizers, dyes, pickling steel, tanning leather, electroplating, rubber, etc.
The global Hydrochloric acid consumption is expected to reach around 23 million tonnes by 2035. In the future, the demand for Hydrochloric acid is expected to increase due to its multiple applications. Especially due to the preservative and acidifying properties of Hydrochloric Acid in the Food Industry, there is an expected increase in consumption of Hydrochloric Acid in the forecast period.
The dominating region that demands the most significant volume of Hydrochloric Acid is Asia Pacific. The growth in the market for hydrochloric acid as a result of the expanding construction sector which requires hydrochloric acid for steel pickling purposes. The market is anticipated to grow due to the rising demand for HCl from the food and beverage industries in which this acid is employed for manufacturing corn syrup. USA is leading as the producer of Hydrochloric Acid on a global level and is anticipated to dominate the market in the forecast period as well.
The Hydrochloric Acid market is segmented into sectors based on the end-use into Chemical Processing, Metal Processing, Food Processing, Pharmaceuticals and Others. However, Chemical industry is the biggest end-user market of Hydrochloric Acid, expected to hold a share of approximately 45%. Calcium Chloride has various applications such as a de-icing agent, ingredient in concrete, beer brewing, and canned vegetables. Moreover, Steel Pickling Industry holds prominent shares in the usage of Hydrochloric Acid in the market. Hydrochloric acid eliminates iron oxide deposits from iron before going through processing steps like extrusion, galvanizing, and rolling; thus, acts as an important chemical in the construction sector.
Significant companies for Global Hydrochloric acid are DCM Shriram Consolidated Limited, SP Chemicals (Taixing) Co Ltd, Hebei Shenghua Chemical Industry Co., Ltd., Tosoh Corporation, PT Asahimas Chemical (AGC Inc.), Formosa Plastic Corporation, Covestro, Unipar Carbocloro S.A., The Dow Chemical Company
and Others (Westlake Chemical Corporation, Braskem, etc.)
Years considered for this report:
Historical Period: 2015- 2023
Base Year: 2024
Estimated Year: 2025
Forecast Period: 2026-2035
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The objective of the Study:
• To assess the demand-supply scenario of Hydrochloric Acid, which covers the production, demand, and supply of Hydrochloric Acid around the globe.
• To analyze and forecast the market size of Hydrochloric Acid.
• To classify and forecast the Global Hydrochloric Acid market based on end-use and regional distribution.
• To examine global competitive developments such as new capacity expansions, mergers & acquisitions, etc., of the Hydrochloric Acid market.
To extract data for the Global Hydrochloric Acid market, primary research surveys were conducted with Hydrochloric Acid manufacturers, suppliers, distributors, wholesalers, and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for the Global Hydrochloric Acid market over the coming years.
ChemAnalyst calculated Hydrochloric Acid demand around the globe by analyzing the historical data and demand forecast, which was carried out considering the production of raw material to produce Hydrochloric Acid. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources, such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Hydrochloric Acid manufacturers and other stakeholders
• Organizations, forums, and alliances related to Hydrochloric Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Hydrochloric Acid manufacturers, customers, and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Hydrochloric Acid market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2024
15 million tonnes
Market size Volume by 2035
23 million tonnes
Growth Rate
CAGR of 3.73% from 2025 to 2035
Base year for estimation
2025
Historic Data
2015 – 2024
Forecast period
2026 – 2035
Quantitative units
Demand in million tonnes and CAGR from 2025 to 2035
Report coverage
Industry Market Size, Capacity by Company, Capacity by Technology, Capacity by Location, Operating Efficiency, Production by Company, Demand by End-Use, Demand by Region, Demand by Grade, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process, Policy and Regulatory Landscape,
Segments covered
By End-Use: (Chemical Processing, Metal Processing, Food Processing, Pharmaceutical and Others(Oil well acidizing, Ore Processing etc.)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
With the given market data, ChemAnalyst offers customizations according to a company’s specific needs.
In case you do not find what, you are looking for, please get in touch with our custom research team at sales@chemanalyst.com
Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Hydrochloric Acid market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Hydrochloric Acid.
3. Capacity By Location
To better understand the regional supply of Hydrochloric Acid by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Capacity By Technology
To better assess the manufacturing capacities with different technologies as well as understand which technology is more in demand.
6. Production By Company
Study the historical annual production of Hydrochloric Acid by the leading players and forecast how it will grow in the coming years.
7. Demand by End- Use
Discover which end-user industry (Chemical Processing, Metal Processing, Food Processing, Pharmaceutical and Others (Oil well acidizing, Ore Processing etc.) are creating a market and the forecast for the growth of the Hydrochloric Acid market.
8. Demand by Region
Analyzing the change in demand of Hydrochloric Acid in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
9. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Hydrochloric Acid. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
10. Demand by Grade
To understand which grades are more in demand for the targeted chemicals and the quantity in which they are being consumed in the target country.
11. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Hydrochloric Acid.
12. Company Share
Figure out what proportion of the market share of Hydrochloric Acid is currently held by leading players across the globe.
13. Country-wise Export
Get details about the quantity of Hydrochloric Acid exported by major countries.
14. Country-wise Import
Get details about the quantity of Hydrochloric Acid imported by major countries.
15. Manufacturing Process
Discover insights into the intricate manufacturing process of Hydrochloric Acid.
16. Policy and Regulatory Landscape
Gain a comprehensive understanding of the policy and regulatory landscape within the Hydrochloric Acid market.
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It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What is the expected global market size of Hydrochloric Acid in terms of volume for 2035?
Ans:
The global market size of Hydrochloric Acid is expected to reach approximately 23 million tonnes by 2035, with an expected CAGR of 3.73%.
Q2.
What are the major end-use industries of Hydrochloric Acid?
Ans:
Hydrochloric Acid is used in a wide range of end use industries including Chemical Processing, Metal Processing, Food Processing, Pharmaceutical and Others (Oil well acidizing, Ore Processing etc.)
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Ans:
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You will have 24/7 access to the analyst during the subscription period.
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