India Hydrochloric Acid market stood at 1100 thousand tonnes in FY2023 is anticipated to grow at a steady CAGR of 3.95% by FY2033. Rising demand for hydrochloric acid for wastewater treatment and steel pickling is likely to drive the hydrochloric acid market across the nation.
Hydrochloric acid (HCl) is a colorless inorganic chemical with pungent smell. can be produced by the combination of Hydrogen and Chlorine. It is extensively used in steel, textile, and as an acidifier in food industries. To boost oil output in oil wells, hydrochloric acid (HCl) is employed as an acidifier. This acid is also used for etching aluminium, producing batteries, and regenerating ion exchangers in the production of drinking water, , and for the synthesis of Polyvinyl Chloride (PVC). HCl in the steel industry aids in the operation of the pickling unit where it helps in removing the impurities like carbon and rust. The food industry uses hydrochloric acid as an acidifier in sauces & canned goods, in order to enhance flavor and prevent the food from spoiling.
With the swift-paced growing steel industry in India, there is a huge demand for HCl in the market. Also, growing construction and mining activities are other prominent drivers for the Indian HCl market. The rising awareness regarding wastewater treatment is causing a surge in the production and demand of HCl in water treatment plants. The rising demand of HCl has led the replacement of Sulfuric Acid in cleaning industries. Additionally, the growing usage of HCl to produce PVC which has applications in numerous industries such as Pipes & Fittings, Films & Sheets, Profiles, Wires & Cables, Footwear, is expected to further bolster the market in the forecast period and reach 1620 thousand tonnes by FY2033.
Geographically, India Hydrochloric Acid Market is segregated into North, South, East, and West. In the historic period of FY2015-FY2022, West India has been dominating the market. In FY2023, West India consumed approximately 38% of the market. West region is anticipated to dominate India Hydrochloric Acid market owing to presence of large number of chemical and steel manufacturers in western states like Maharashtra and Gujarat.
Based on end use, India Hydrochloric Acid market is categorized into Water Treatment, Steel Pickling, Oil and Gas Exploration, Food and Beverages, Chemicals and Petrochemicals, and Others. Although, Water Treatment is the major consumer and held about 35% of the market in FY2023. Due to its capacity to neutralize contaminants, hydrochloric acid is a good choice for applications involving the purification of water. During the processing of industrial wastewater, this acid emulsifies and breaks down oils and food waste. To comply with environmental wastewater regulations, steel producers have to employ this wastewater treatment process. The demand for hydrochloric acid is increasing across India with people's environmental concerns driving them towards purifying water.
Major players in the India Hydrochloric Acid market are Grasim Industries Limited, Chemplast Sanmar Ltd, Gujarat Alkalies & Chemical Ltd, GACL-NALCO Alkalies & Chemicals Pvt. Ltd., The Andhra Sugars Ltd, DCW Limited, Meghmani Organics Ltd, Lords Chloro Alkali Limited, Kutch Chemical Industries Limited (KCIL), and Others.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2023
Estimated Year: FY2024
Forecast Period: FY2025- FY2033
This report will be delivered on an online digital platform with one-year subscription and quarterly update.
Objective of the Study:
• To assess the demand-supply scenario of Hydrochloric Acid which covers production, demand and supply of Hydrochloric Acid market in India.
• To analyse and forecast the market size of Hydrochloric Acid in India.
• To classify and forecast India Hydrochloric Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Hydrochloric Acid market in India.
To extract data for India 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 India Hydrochloric Acid market over the coming years.
ChemAnalyst calculated Hydrochloric Acid demand in India by analyzing the volume of Hydrochloric Acid consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine 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, India Hydrochloric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in FY2023
1100 thousand tonnes
Market size Volume by FY2033
1620 thousand tonnes
Growth Rate
CAGR of 3.95% from FY2024 to FY2033
Base year
FY2023
Estimated year
FY2024
Historical Data
FY2015 – FY2022
Forecast period
FY2025 – FY2033
Quantitative units
Demand in thousand tonnes and CAGR from FY2024 to FY2033
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade, Manufacturing Process.
Segments covered
By End-Use: (Water Treatment, Steel Pickling, Oil and Gas Exploration, Food and Beverages, Chemicals and Petrochemicals, and Others)
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. Production By Company [Quarterly Update]
Study the historical annual production of Hydrochloric Acid by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Water Treatment, Steel Pickling, Oil and Gas Exploration, Food and Beverages, Chemicals and Petrochemicals, and Others) are creating a market and the forecast for the growth of the Hydrochloric Acid market.
7. Demand by Region
Analyzing the change in demand of Hydrochloric Acid in different regions across India, i.e., North India, South India, East India, West India, that can direct you in mapping the regional demand.
8. 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.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Hydrochloric Acid.
10. Company Share
Figure out what proportion of the market share of Hydrochloric Acid is currently held by leading players across India.
11. Country-wise Export
Get details about quantity of Hydrochloric Acid exported by major countries.
12. Country-wise Import
Get details about quantity of Hydrochloric Acid imported by major countries.
13. Manufacturing Process
Discover insights into the intricate manufacturing process of Hydrochloric Acid.
I am satisfied with overall performance of ChemAnalyst. Weekly updates before the final report were especially helpful and reassuring. Additional requests on the interim and/or final reports were handled in a swift and professional manner
Mr.Shin Dosho
Member - Board of Directors
Osaka Gas Co. Ltd
Disruption Tracker
Disruption Tracker reflect the major shutdown on monthly basis which will help you in
tracking the inventory management and smooth functioning of business. Unforeseen shutdowns and disruptions
resulting in a loss of production capacity to impact the bottom line. The capacity tracker provides industries
with a global view of production and consumption capacity loss that reflects the corresponding conversion factors.
It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
of new capacities. Additionally, it emphasizes how each shutdown—whether due to a maintenance turnaround or a case
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 anticipated market growth rate of India Hydrochloric Acid market for the forecast period?
Ans:
The India Hydrochloric Acid is anticipated to grow at a CAGR of 3.95% for the forecast period.
Q2.
Which industry is dominating the India Hydrochloric Acid market?
Ans:
As of FY2023, Water Treatment industry is dominating the Hydrochloric Acid market in India with a share of approximately 35%.
Q3.
Do you offer single or multiuser license?
Ans:
Online Access 12 Months – Single User License (Up to 3 users can access the database) Online Access 12 Months – Enterprise License (Up to 10 Users can access the database)
Q4.
Will I get access to the analyst who authored this report?
Ans:
You will have 24/7 access to the analyst during the subscription period.
Our Solutions
Custom Research
We at ChemAnalyst provide tailor-made solutions to our clients based on their requirements which help them in building and expanding their business by developing customized strategy such as sales strategy, GTM Strategy, product portfolio and new product development. Our dedicated team helps clients in getting the best solution for their requirements. We at ChemAnalyst look forward to serving our clients for long term association.
Techno Economic Feasibility Report (TEFR)
ChemAnalyst provide TEFR reports which include market sizing, plant cost (ISBL and OSBL units), financial modelling, covering all the major financial calculations and ratios including production cost, IRR, major technology, licensing fee (if required), and others fixed and variable costs. TEFR reports will help the client to build greenfield project as well as brownfield expansion for a specific geography. Our Team of experts have delivered multiple TEFR reports which help clients in moving ahead of their business competition by grabbing the opportunity and expanding their business portfolio.
Price Benchmarking
Pricing benchmark report provides real-time data perpetuating current market scenarios, in a world that is changing at a rapid pace, having real-time prices is an imperative to make impactful insights and thereby informed decisions. The Price Benchmarking report provides pricing data for an individual market, or group of markets, which can be converted into localized insights and comparable listings. Benchmarking Reports help clients to make informed decisions by construing the data on several filters: region, country, category, grade and subsequently increasing their brand presence. Clients majorly require pricing benchmarks when they opt for a competitive pricing strategy.