Europe Hydrochloric Acid Market - Industry Trends and Forecast to 2030

Europe Hydrochloric Acid Market - Industry Trends and Forecast to 2030

Europe Hydrochloric Acid Market, By Type (Synthetic Hydrochloric Acid and By-Product Hydrochloric Acid), Form (Aqueous, Water-Based, and Solution), Application (Steel Pickling, Oil Well Acidizing, Ore Processing, Food Processing, Pool Sanitation, Calcium Chloride, and Others), Distribution Channel (Specialty Stores, E-Commerce, B2B, and Others), End-User (Food and Beverages, Steel Industry, Pharmaceuticals, Textile, Oil and Gas, Chemical Industry, and Others) Country (Germany, Italy, France, Russia, Spain, Turkey, U.K., Belgium, Switzerland, Netherlands, and Rest of Europe) Industry Trends and Forecast To 2030

Market Definition

Hydrochloric acid or muriatic acid is a mineral acid derived from more than one type of inorganic compounds and have the chemical formula HCl. It is colorless, highly acidic, and corrosive in nature and has a particularly pungent smell. The corrosive nature of HCl is attributed to its ability to completely dissociate in an aqueous solution. Liquid HCl is composed of hydrogen chloride and water and is one of the simplest acidic systems based on chlorine. However, unless pressurized or cooled, HCl will turn itself back into its gaseous form if the concentration of water is 60% or less.

HCl is one of the oldest discovered acids and is naturally found in the animal gastric system including that of humans and plays a key role in disintegrating food to release energy. Nonetheless, it is an important chemical reagent as well as an industrial chemical, primarily utilized in the production of Polyvinyl Chloride (PVC) which is a type of plastic. In households, diluted HCl finds itself useful as a descaling agent. Moreover, it is an excellent food additive, preservative and necessary for the production of gelatin. HCl is also required in the leather industry for processing raw leather.

Synthetic Hydrochloric Acid: Synthetic hydrochloric acid is defined as an aqueous solution of hydrogen chloride and can be produced by a number of ways such as electrolysis. Synthetic HCl is ultra-pure and proves to be useful in many industries because of its ease of handling and ability to balance the pH (a scale to measure acidity or alkalinity) and neutralize chemicals. It finds widespread applications in batteries, steel manufacturing, and the food industry.

By-Product Hydrochloric Acid: These are HCl generated as a by-product of the reactions involving chlorine. Numerically speaking, there are around 40 industrial processes that produce HCl as a by-product. The most common process among this is the chlorination of organic compounds which forms the basis of pharmaceutical and plastic industries. Incontestably, by-product HCl is one of the primary sources of HCl available in the market.

Market Segmentation

The hydrochloric acid market is segmented into five notable segments based on type, form, application, distribution channel, and end-user.
• Based on type, the market is segmented into synthetic hydrochloric acid and by-product hydrochloric acid
• Based on form, the market is segmented into water-based, aqueous, and solution
• Based on application, the market is segmented into steel pickling, oil well acidizing, ore processing, food processing, pool sanitation, calcium chloride, and others
• Based on distribution channel, the market is segmented into e-commerce, B2B, specialty stores, and others
• Based on end user, the market is segmented into food and beverages, steel Industry, pharmaceuticals, textile, oil and gas, chemistry industry, and others

Market Players

The key market players operating in the Europe hydrochloric acid market are listed below:
• AGC Chemicals Americas
• BASF SE
• Covestro AG
• Detrex Corporation
• DuPont
• EVERGROW
• ICL
• INOVYN
• Ishtar Company LLC
• Nouryon
• Occidental Petroleum Corporation
• Olin Corporation
• Orica Limited
• SEQENS
• Solvay
• Tessenderlo Group
• TIB Chemicals AG
• Tronox Holdings plc
• Vynova Group
• Westlake Corporation