Hydrochloric Acid Market 2019 – Global Industry Analysis Recent Trends, Regional Growth Overview and Forecasts to 2025

Hydrochloric Acid Market is generally categorized into synthetic hydrochloric acid and by-product hydrochloric acid. Synthetic HCL is generally found as hydrogen chloride aqueous solution which is acidic in nature. This category of acid is quite easy in handling and is used for neutralization and in pH balancing. The product is also used in industrial chemicals, food and for treatment of metal surface. On the other, by product hydrochloric acid is generated during manufacturing of silica and other organic chemicals. For instance, HCL is generated as a byproduct in the manufacturing process of chloroethane to produce PVC.

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Asia Pacific and North America emerged as the largest hydrochloric acid market in 2018. Growing food and beverage industry in the region due to robust population growth is expected to drive the overall product demand in the near future. Moreover, hydrochloric acid production in North America has been witnessing high growth rates as a result of availability of low-price feedstocks supported by unconventional crude oil boom. North America demand is concentrated to oil and gas industry as the product is extensively used in hydraulic fracturing. With the growing oil production in the region, hydrochloric acid market is also expected to achieve high growth rates in the near future.

Some of the end user industries of hydrochloric acid market id includes food & beverage, oil & gas, steel, pharmaceutical and other industries. HCL is used to remove dust and unwanted deposits of carbonates in the oil wells to allow crude oil or gas flow in the well. This application is called as stimulation. In steel industry, the product is utilized in steel pickling operations in stainless steel, carbon and alloys. In this process ion oxides are removed from steel surface by using hydrochloric acid. The chemical compound is also used in metal prefixing, aluminum etching and metal cleaning operation. However, in food & beverage industry, the product is majorly used in producing corn syrups and in the processing of soft drinks.

The hydrochloric acid market growth is majorly restrained by strict government regulations regarding environment safety as hydrochloric acid production results in large CFC emissions. Another curb to growth of the market is negative health impacts caused by direct contact of the product with skin. HCL is highly corrosive to skin, eyes and other mucous membranes. Even a short-term exposure can cause nose, eye as well as irritation in respiratory tracts.

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Hydrochloric Acid Market, By Type, 2014-2025 (USD Million)

  1. Synthetic Hydrochloric Acid
  2. By-product Hydrochloric Acid

Hydrochloric Acid Market, By End User, 2014-2025 (USD Million)

  1. Food & beverage
  2. Oil & gas
  3. Steel
  4. Pharmaceutical
  5. Others

Methodology used in the Report –

Our researchers and domain experts use a unique blend of primary and secondary research, with validation and iterations at every stage, in order to minimize deviation and present the most accurate analysis of the industry. The research process begins with extensive data mining, using authentic sources such as trade magazines, technical publications, independent studies along with paid avenues such as ICIS, Hoovers, etc. Primary objectives of data mining include:

  • Definition and scope of research
  • Market dynamics, growth drivers and industry pitfalls
  • Regulatory and political guidelines for the industry
  • Demographics and statistical data

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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