Hydrochloric Acid Market 2024-2028: Size and Availability of substitutes for hydrochloric acid; growth driven by the End-user, Some of key Companies Positioned Strategically

The hydrochloric acid market size by End-user (Food, Steel, Oil, Chemicals, and Ore processing and others), Grade Type (By-product grade and Synthetic grade), and Geography (APAC, North America, Europe, Middle East and Africa, and South America), is forecast to increase by USD 978.77 million. The market is expected to grow at a CAGR of   6.12% between 2024 and 2028.

• In the hydrochloric acid market, businesses seek alternatives to the highly corrosive and toxic substance due to safety concerns and environmental implications. Notable substitutes include emerald-safe acid, phosphoric acid, and sodium bisulfate. These chemicals offer similar functionalities, with emerald-safe acid being non-corrosive and utilized in de-scaling applications. Phosphoric acid, meanwhile, boasts lower vapor emissions, making it a more eco-friendly choice. These substitutes have gained significant traction in major industries, providing businesses with viable alternatives to hydrochloric acid.
• The APAC region, led by China, represents the largest market for hydrochloric acid globally in 2023. China's dominance in the APAC hydrochloric acid market is driven by its significant consumption for PVC production, given its role as a major consumer and producer in the region. The expanding scope of PVC applications is projected to boost hydrochloric acid demand throughout the forecast period. Additionally, China's substantial steel production contributes to the market's growth.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• 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.
• Westlake Corp.

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