Global Hydrochloric Acid Market 2024-2028

Global Hydrochloric Acid Market 2024-2028


The hydrochloric acid market is forecasted to grow by USD 978.77 mn during 2023-2028, accelerating at a CAGR of 6.12% during the forecast period. The report on the hydrochloric acid market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for PVC, growing demand for hydrochloric acid in APAC, and increasing demand for MDI.

Technavio's hydrochloric acid market is segmented as below:

By End-user
  • Food
  • Steel
  • Oil
  • Chemicals
  • Ore processing and others
By Grade Type

By-product grade
  • Synthetic grade
By Geographical Landscape
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America
This study identifies the increasing demand-supply gap as one of the prime reasons driving the hydrochloric acid market growth during the next few years. Also, expansion of hydrochloric acid facilities and growing demand for pickling in steel industry will lead to sizable demand in the market.

The report on the hydrochloric acid market covers the following areas:
  • Hydrochloric acid market sizing
  • Hydrochloric acid market forecast
  • Hydrochloric acid market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading hydrochloric acid market vendors that include AGC Inc., BASF SE, Coogee, Covestro AG, ERCO Worldwide, FSTI Inc., INOVYN Europe Ltd., Italmatch Chemicals Spa, Jones Hamilton Co., Kemira Oyj, Merck KGaA, Occidental Petroleum Corp., Olin Corp., PCC SE, Qingdao Hisea Chem Co. Ltd., Shiva Group, SPOLANA s.r.o., Tessenderlo Group NV, W.K. Merriman Inc., and Westlake Corp.. Also, the hydrochloric acid market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth


  • Executive Summary
    • Market overview
      • Table Executive Summary – Chart on Market Overview
      • Table Executive Summary – Data Table on Market Overview
      • Table Executive Summary – Chart on Global Market Characteristics
      • Table Executive Summary – Chart on Market by Geography
      • Table Executive Summary – Chart on Market Segmentation by End-user
      • Table Executive Summary – Chart on Market Segmentation by Grade Type
      • Table Executive Summary – Chart on Incremental Growth
      • Table Executive Summary – Data Table on Incremental Growth
      • Table Executive Summary – Chart on Vendor Market Positioning
  • Market Landscape
    • Market ecosystem
      • Table Parent market
      • Table Market Characteristics
  • Market Sizing
    • Market definition
      • Table Offerings of vendors included in the market definition
    • Market segment analysis
      • Table Market segments
    • Market size 2023
    • Market outlook: Forecast for 2023-2028
      • Table Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Table Data Table on Global Market: Year-over-year growth 2023-2028 (%)
  • Historic Market Size
    • Global hydrochloric acid market 2018 - 2022
      • Table Historic Market Size – Data Table on global hydrochloric acid market 2018 - 2022 ($ million)
    • End-User Segment Analysis 2018 - 2022
      • Table Historic Market Size – End-User Segment 2018 - 2022 ($ million)
    • Grade Type Segment Analysis 2018 - 2022
      • Table Historic Market Size – Grade Type Segment 2018 - 2022 ($ million)
    • Geography Segment Analysis 2018 - 2022
      • Table Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • Country Segment Analysis 2018 - 2022
      • Table Historic Market Size – Country Segment 2018 - 2022 ($ million)
  • Five Forces Analysis
    • Five forces summary
      • Table Five forces analysis - Comparison between 2023 and 2028
    • Bargaining power of buyers
      • Table Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • Threat of new entrants
      • Table Threat of new entrants – Impact of key factors in 2023 and 2028
    • Threat of substitutes
      • Table Threat of substitutes – Impact of key factors in 2023 and 2028
    • Threat of rivalry
      • Table Threat of rivalry – Impact of key factors in 2023 and 2028
    • Market condition
      • Table Chart on Market condition - Five forces 2023 and 2028
  • Market Segmentation by End-user
    • Market segments
      • Table Chart on End-user - Market share 2023-2028 (%)
      • Table Data Table on End-user - Market share 2023-2028 (%)
    • Comparison by End-user
      • Table Chart on Comparison by End-user
      • Table Data Table on Comparison by End-user
    • Food - Market size and forecast 2023-2028
      • Table Chart on Food - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Food - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Food - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Food - Year-over-year growth 2023-2028 (%)
    • Steel - Market size and forecast 2023-2028
      • Table Chart on Steel - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Steel - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Steel - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Steel - Year-over-year growth 2023-2028 (%)
    • Oil - Market size and forecast 2023-2028
      • Table Chart on Oil - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Oil - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Oil - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Oil - Year-over-year growth 2023-2028 (%)
    • Chemicals - Market size and forecast 2023-2028
      • Table Chart on Chemicals - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Chemicals - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Chemicals - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Chemicals - Year-over-year growth 2023-2028 (%)
    • Ore processing and others - Market size and forecast 2023-2028
      • Table Chart on Ore processing and others - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Ore processing and others - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Ore processing and others - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Ore processing and others - Year-over-year growth 2023-2028 (%)
    • Market opportunity by End-user
      • Table Market opportunity by End-user ($ million)
      • Table Data Table on Market opportunity by End-user ($ million)
  • Market Segmentation by Grade Type
    • Market segments
      • Table Chart on Grade Type - Market share 2023-2028 (%)
      • Table Data Table on Grade Type - Market share 2023-2028 (%)
    • Comparison by Grade Type
      • Table Chart on Comparison by Grade Type
      • Table Data Table on Comparison by Grade Type
    • By-product grade - Market size and forecast 2023-2028
      • Table Chart on By-product grade - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on By-product grade - Market size and forecast 2023-2028 ($ million)
      • Table Chart on By-product grade - Year-over-year growth 2023-2028 (%)
      • Table Data Table on By-product grade - Year-over-year growth 2023-2028 (%)
    • Synthetic grade - Market size and forecast 2023-2028
      • Table Chart on Synthetic grade - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Synthetic grade - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Synthetic grade - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Synthetic grade - Year-over-year growth 2023-2028 (%)
    • Market opportunity by Grade Type
      • Table Market opportunity by Grade Type ($ million)
      • Table Data Table on Market opportunity by Grade Type ($ million)
  • Customer Landscape
    • Customer landscape overview
      • Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
  • Geographic Landscape
    • Geographic segmentation
      • Table Chart on Market share by geography 2023-2028 (%)
      • Table Data Table on Market share by geography 2023-2028 (%)
    • Geographic comparison
      • Table Chart on Geographic comparison
      • Table Data Table on Geographic comparison
    • APAC - Market size and forecast 2023-2028
      • Table Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Table Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Table Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • North America - Market size and forecast 2023-2028
      • Table Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on North America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on North America - Year-over-year growth 2023-2028 (%)
    • Europe - Market size and forecast 2023-2028
      • Table Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • Middle East and Africa - Market size and forecast 2023- 2028
      • Table Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • South America - Market size and forecast 2023-2028
      • Table Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Table Chart on South America - Year-over-year growth 2023-2028 (%)
      • Table Data Table on South America - Year-over-year growth 2023-2028 (%)
    • China - Market size and forecast 2023-2028
      • Table Chart on China - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Table Chart on China - Year-over-year growth 2023-2028 (%)
      • Table Data Table on China - Year-over-year growth 2023-2028 (%)
    • US - Market size and forecast 2023-2028
      • Table Chart on US - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Table Chart on US - Year-over-year growth 2023-2028 (%)
      • Table Data Table on US - Year-over-year growth 2023-2028 (%)
    • Japan - Market size and forecast 2023-2028
      • Table Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • Germany - Market size and forecast 2023-2028
      • Table Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Table Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Table Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • UK - Market size and forecast 2023-2028
      • Table Chart on UK - Market size and forecast 2023-2028 ($ million)
      • Table Data Table on UK - Market size and forecast 2023-2028 ($ million)
      • Table Chart on UK - Year-over-year growth 2023-2028 (%)
      • Table Data Table on UK - Year-over-year growth 2023-2028 (%)
    • Market opportunity by geography
      • Table Market opportunity by geography ($ million)
      • Table Data Tables on Market opportunity by geography ($ million)
  • Drivers, Challenges, and Trends
    • Market drivers
      • Growing demand for PVC
      • Growing demand for hydrochloric acid in APAC
      • Increasing demand for MDI
    • Market challenges
      • Availability of substitutes for hydrochloric acid
      • Declining use of fluorocarbons in manufacturing hydrochloric acid
      • Hazardous impact of hydrochloric acid on human health
    • Impact of drivers and challenges
      • Table Impact of drivers and challenges in 2023 and 2028
    • Market trends
      • Increasing demand-supply gap
      • Expansion of hydrochloric acid facilities
      • Growing demand for pickling in steel Industry
  • Vendor Landscape
    • Overview
    • Vendor landscape
      • Table Overview on Criticality of inputs and Factors of differentiation
    • Landscape disruption
      • Table Overview on factors of disruption
    • Industry risks
      • Table Impact of key risks on business
  • Vendor Analysis
    • Vendors covered
      • Table Vendors covered
    • Market positioning of vendors
      • Table Matrix on vendor position and classification
    • AGC Inc.
      • Table AGC Inc. - Overview
      • Table AGC Inc. - Business segments
      • Table AGC Inc. - Key news
      • Table AGC Inc. - Key offerings
      • Table AGC Inc. - Segment focus
    • BASF SE
      • Table BASF SE - Overview
      • Table BASF SE - Business segments
      • Table BASF SE - Key news
      • Table BASF SE - Key offerings
      • Table BASF SE - Segment focus
    • Coogee
      • Table Coogee - Overview
      • Table Coogee - Product / Service
      • Table Coogee - Key offerings
    • Covestro AG
      • Table Covestro AG - Overview
      • Table Covestro AG - Business segments
      • Table Covestro AG - Key news
      • Table Covestro AG - Key offerings
      • Table Covestro AG - Segment focus
    • ERCO Worldwide
      • Table ERCO Worldwide - Overview
      • Table ERCO Worldwide - Product / Service
      • Table ERCO Worldwide - Key offerings
    • FSTI Inc.
      • Table FSTI Inc. - Overview
      • Table FSTI Inc. - Product / Service
      • Table FSTI Inc. - Key offerings
    • INOVYN Europe Ltd.
      • Table INOVYN Europe Ltd. - Overview
      • Table INOVYN Europe Ltd. - Product / Service
      • Table INOVYN Europe Ltd. - Key offerings
    • Italmatch Chemicals Spa
      • Table Italmatch Chemicals Spa - Overview
      • Table Italmatch Chemicals Spa - Business segments
      • Table Italmatch Chemicals Spa - Key offerings
      • Table Italmatch Chemicals Spa - Segment focus
    • Jones Hamilton Co.
      • Table Jones Hamilton Co. - Overview
      • Table Jones Hamilton Co. - Product / Service
      • Table Jones Hamilton Co. - Key offerings
    • Kemira Oyj
      • Table Kemira Oyj - Overview
      • Table Kemira Oyj - Business segments
      • Table Kemira Oyj - Key news
      • Table Kemira Oyj - Key offerings
      • Table Kemira Oyj - Segment focus
    • Merck KGaA
      • Table Merck KGaA - Overview
      • Table Merck KGaA - Business segments
      • Table Merck KGaA - Key news
      • Table Merck KGaA - Key offerings
      • Table Merck KGaA - Segment focus
    • Occidental Petroleum Corp.
      • Table Occidental Petroleum Corp. - Overview
      • Table Occidental Petroleum Corp. - Business segments
      • Table Occidental Petroleum Corp. - Key offerings
      • Table Occidental Petroleum Corp. - Segment focus
    • Olin Corp.
      • Table Olin Corp. - Overview
      • Table Olin Corp. - Business segments
      • Table Olin Corp. - Key offerings
      • Table Olin Corp. - Segment focus
    • PCC SE
      • Table PCC SE - Overview
      • Table PCC SE - Product / Service
      • Table PCC SE - Key offerings
    • Westlake Corp.
      • Table Westlake Corp. - Overview
      • Table Westlake Corp. - Business segments
      • Table Westlake Corp. - Key offerings
      • Table Westlake Corp. - Segment focus
  • Appendix
    • Scope of the report
      • Market definition
      • Objectives
      • Notes and caveats
    • Inclusions and exclusions checklist
      • Table Inclusions checklist
      • Table Exclusions checklist
    • Currency conversion rates for US$
      • Table Currency conversion rates for US$
    • Research methodology
      • Table Research methodology
      • Table Validation techniques employed for market sizing
      • Table Information sources
    • List of abbreviations
      • Table List of abbreviations

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