Latest News- Hydrochloric Acid Market: Food is expected to lead the End-user segment during 2025-2029

The Hydrochloric Acid Market is being driven by Growing demand for PVC

The Hydrochloric Acid Market is expected to grow at a CAGR of 7.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1545.1 million. In the industrial landscape, hydrochloric acid holds a significant market position due to its extensive applications. However, businesses seeking alternatives to hydrochloric acid have several options at their disposal. Substitutes such as emerald-safe acid, phosphoric acid, sodium bisulfate, and trisodium phosphate offer comparable functionalities. These chemicals can effectively replace hydrochloric acid in large volumes due to their less corrosive and less toxic nature. Emerald-safe acid, a non-corrosive alternative, is widely used in de-scaling boilers, evaporators, steam coils, and papermaking equipment. Phosphoric acid, another viable substitute, emits less vapor, making it less harmful to the environment. Sodium bisulfate is another hydrochloric acid alternative, commonly used in water treatment and as a food additive. These substitutes offer businesses a safer and more eco-friendly alternative to hydrochloric acid while maintaining similar functionalities. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Food
  • Steel
  • Oil
  • Chemicals
  • Others
• Grade Type
  • By-product grade
  • Synthetic grade
• Application
  • Chemicals and pharmaceuticals
  • Food and beverage
  • Steel and metal processing
  • Water and wastewater treatment
  • Others
• Geography
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing demand for PVC
• Growing demand for hydrochloric acid in APAC
• Increasing demand for MDI

However, the market also witnesses some limitations, which are as follows:

• Increasing demand-supply gap
• Declining use of fluorocarbons in manufacturing hydrochloric acid
• Hazardous impact of hydrochloric acid on human health

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Market Scope in Hydrochloric Acid Market Research Report

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Research Analysis Overview

The Hydrochloric Acid market plays a significant role in various industries, including the steel industry for pickling steel alloys and rust removal during steel pickling operations. It is also utilized in pH control, neutralization processes, and dust management. The mining sector uses hydrochloric acid in ore processing, while the oil industry employs it for oil exploration and well acidizing. In food processing, it is used as a processing agent and in the production of calcium chloride. Hydrochloric acid is essential for industrial processing, particularly in crude steel production, where it aids in neutralization and environmental pollution control during storage and transport.

Market Research Overview

The global specialty chemicals market encompasses businesses specializing in high-value-add chemicals utilized in the production of various industries' wide-ranging products, such as fine chemicals, additives, advanced polymers, adhesives, sealants, specialty paints, pigments, and coatings. According to Technavio, the market size is determined by the consolidated revenue of manufacturers focusing on high-value-added chemicals. Key growth drivers for this market include the increasing demand for specialized adhesives and sealants in sectors like water & wastewater treatment, steel industry, pickling of steel, inorganic compound production, pH control, neutralization, environmental pollution control, storage & transport, and carbon steel grades. Techniques such as spray roasting and pyro hydrolysis procedures are employed in the production of iron (III) oxide and Kraft recovery furnaces, further fueling market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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