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
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