Hydrochloric Acid (HCL) Market by Type (Synthetic HCL, by-Product HCL), Grade (Food Grade HCL, Industrial Grade HCL, Reagent Grade HCL), Application (Raw Material for Organic Chemical, Metal Cleaning & Treatment, Food & Dairy, Water Treatment) - Global Forecast to 2022
Global hydrochloric acid (HCl) market is projected to witness moderate growth between 2017 and 2022 owing to increasing demand for HCl from food processing, oil & gas, and water treatment applications. Moreover, increasing demand for HCl from pharmaceutical and steel industry is expected to drive the market between 2017 and 2022.
HCl is manufactured in two grades, food grade HCl and Industrial grade HCl. Food grade HCl is used to make additives and ingredients for food products, while industrial grade HCl is used in pigments, dyes, petroleum refining, metal pickling, chemicals, and also for water treatment.
China and US are the dominating markets for HCl market in terms of consumptions owing to fair demand for HCl from its downstream markets in both the countries. Between 2017 and 2022, Asia Pacific HCl market is projected to grow at the fastest rate owing to strong growth in food processing industry in Asia Pacific.
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On the basis of Type
- Synthetic Hydrochloric Acid
- By-Product Hydrochloric Acid
*(This segmentation will carry qualitative market insights)
On the basis of Grade
- Food Grade Hydrochloric Acid
- Industrial Grade Hydrochloric Acid
- Reagent Grade Hydrochloric Acid
- Others
On the basis of Application
- Raw Material for Organic Chemical
- Metal Cleaning & Treatment
- Food & Dairy
- Water Treatment
- Others (Dyes, Pigments, and Paints)
On the basis of Region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
This market research study provides a detailed qualitative and quantitative analysis of the global hydrochloric acid (HCl) market. Various secondary sources, such as encyclopedia, directories, industry journals, and databases are used to identify and collect information useful for this extensive commercial study of the hydrochloric acid market. The primary sources include experts from related industries and suppliers who have been interviewed to obtain and verify critical information as well as to assess the future prospects of the market.
This study answers several questions for the stakeholders, primarily the market segments which they need to focus upon during the next two to five years so they may prioritize their efforts and investments accordingly.
Furthermore, as a part of qualitative analysis, the research provides a comprehensive review of the major market drivers, restraints, opportunities, and industry specific challenges. It also discusses competitive strategies adopted by key market players, such as Allan Chemical Corporation, AkzoNobel N.V., Basic Chemical Solutions, LLC, Brainerd Chemical Co, Inc., Compound Solutions Inc., Detrex Corporation, Eco-Tec, Inc., GFC Chemicals, International Petrochemicals Pvt. Ltd., among others.
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Table of Contents
1 Introduction (Page No. - 13)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Currency
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 17)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 25)
4 Premium Insights (Page No. - 29)
4.1 Attractive Growth Opportunities in the Hydrochloric Acid Market
4.2 Hydrochloric Acid Market, By Type
4.3 Hydrochloric Acid Market, By Application
4.4 Hydrochloric Acid Market, By Region
4.5 Asia-Pacific Hydrochloric Acid Market, By Country, Type, and Application
5 Market Overview (Page No. - 36)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Porter’s Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Hydrochloric Acid Market, By Type (Page No. - 42)
6.1 Introduction
6.2 Synthetic Hydrochloric Acid
6.3 By-Product Hydrochloric Acid
*(This Segmentation Will Carry Qualitative Market Insights)
7 Hydrochloric Acid Market, By Grade (Page No. - 42)
7.1 Introduction
7.2 Food Grade Hydrochloric Acid
7.3 Industrial Grade Hydrochloric Acid
7.4 Reagent Grade Hydrochloric Acid
7.5 Others
8 Hydrochloric Acid Market, By Application (Page No. - 42)
8.1 Introduction
8.2 Raw Material for Organic Chemical
8.3 Metal Cleaning & Treatment
8.4 Food & Dairy
8.5 Water Tratment
8.6 Others
8.6.1 Dyes, Pigments, and Paints
9 Regional Analysis (Page No. - 56)
9.1 Introduction
9.2 North America
9.2.1 U.S.
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 U.K.
9.3.4 Italy
9.3.5 Spain
9.4 Asia-Pacific
9.4.1 China
9.4.2 Japan
9.4.3 South Korea
9.4.4 India
9.4.5 Australia & New Zealand
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.6 Middle East & Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Qatar
9.6.4 Kuwait
9.6.5 Oman
9.6.6 Africa
10 Competitive Landscape (Page No. - 103)
10.1 Introduction
10.1.1 Dynamic Differentiator
10.1.2 Innovator
10.1.3 Vanguard
10.1.4 Emerging Companies
10.2 Overview
10.3 Product Offerings
10.4 Business Strategies
11 Company Profiles (Page No. - 107)
(Overview, Financial*, Products & Services, Strategy, and Developments)
11.1 Introduction
11.2 Aditya Birla Chemicals (India) Limited
11.3 Allan Chemical Corporation
11.4 Akzonobel N.V.
11.5 Basic Chemical Solutions, LLC
11.6 Brainerd Chemical Co, Inc.,
11.7 Compound Solutions Inc.
11.8 Detrex Corporation
11.9 ECO-Tec, Inc.
11.10 GFC Chemicals.
11.11 International Petrochemicals Pvt. Ltd.
11.12 Lords Chloro Alkali Limited.
11.13 Sigma-Aldrich Co. LLC
11.14 Qingdao Henley Co., Ltd.
11.15 Others.
*Details Might Not Be Captured in Case of Unlisted Companies
12 Appendix (Page No. - 139)
12.1 Discussion Guide
12.2 Knowledge Store: Marketsandmarkets Subscription Portal
12.3 Introducing RT: Real-Time Market Intelligence
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details
Growth opportunities and latent adjacency in Hydrochloric Acid (HCL) Market