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Global Hydrochloric Acid Market 2018-2022

Global Hydrochloric Acid Market 2018-2022

About Hydrochloric Acid

Hydrochloric acid is a transparent and a highly strong solution of hydrogen chloride in water. It is an important product which is used in many industrial processes.

Technavio’s analysts forecast the global hydrochloric acid market to grow at a CAGR of 5.06% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global hydrochloric acid market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Hydrochloric Acid Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Akzo Nobel
  • BASF
  • DowDuPont
  • Kemira
  • Occidental Petroleum
  • Westlake Chemical
Market driver
  • Growing demand for PVC
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating crude oil prices affecting hydrochloric acid consumption
  • For a full, detailed list, view our report
Market trend
  • Increasing demand-supply gap
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Hydrochloric Acid Market 2018-2022

Technavio recognizes the following companies as the key players in the global hydrochloric acid market: Akzo Nobel, BASF, DowDuPont, Kemira, Occidental Petroleum, and Westlake Chemical.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand-supply gap. The demand-supply gap of hydrochloric acid has become one of the major challenging factors for the growth of the global hydrochloric acid market. In Europe, this demand-supply gap is prominent in countries such as Spain, Germany, Italy, and others.”

According to the report, one driver in the market is growing demand for PVC. PVC is one the most widely used plastics, which is produced by the polymerization of the vinyl chloride monomer. PVC is made of 57% chlorine, which is derived from industrial-grade salt and 43% carbon extracted predominantly from oil or gas via ethylene.

Further, the report states that one challenge in the market is fluctuating crude oil prices affecting hydrochloric acid consumption. Hydrochloric acid is one of the majorly consumed chemicals in the oil industry for the extraction of crude oil and gas. Crude oil prices are dependent on the production of crude oil from oilfields. According to the EIA, Brent crude oil prices were recorded at $111.63 per barrel in 2012, which decreased to $43.29 per barrel in 2016.

Companies Mentioned

Akzo Nobel
BASF
DowDuPont
Kemira
Occidental Petroleum
Westlake Chemical

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Parent market: Global inorganic chemicals market
      • Table Global inorganic chemicals market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2017
      • Table Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast 2017-2022
      • Table Global hydrochloric acid market - Market size and forecast 2017-2022 ($ mn)
      • Table Global hydrochloric acid market - Year-over-year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2017
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by end-user
    • Segmentation by end-user
      • Table Global hydrochloric acid market by end-user - Market share 2017-2022 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Global hydrochloric acid market in food industry - Market size and forecast 2017-2022
      • Table Global hydrochloric acid market in food industry - Market size and forecast 2017-2022 ($ mn)
      • Table Global hydrochloric acid market in food industry - Year-over-year growth 2018-2022 (%)
    • Global hydrochloric acid market in steel industry - Market size and forecast 2017-2022
      • Table Global hydrochloric acid market in steel industry - Market size and forecast 2017-2022 ($ mn)
      • Table Global hydrochloric acid market in steel industry - Year-over-year growth 2018-2022 (%)
    • Global hydrochloric acid market in oil industry - Market size and forecast 2017-2022
      • Table Global hydrochloric acid market in oil industry - Market size and forecast 2017-2022 ($ mn)
      • Table Global hydrochloric acid market in oil industry - Year-over-year growth 2018-2022 (%)
      • Table Field production of crude oil in US 2010-2016 (million barrels)
    • Global hydrochloric acid market in chemicals industry - Market size and forecast 2017-2022
      • Table Global hydrochloric acid market in chemicals industry - Market size and forecast 2017-2022 ($ mn)
      • Table Global hydrochloric acid market in chemicals industry - Year-over-year growth 2018-2022 (%)
    • Global hydrochloric acid market in other industries - Market size and forecast 2017-2022
      • Table Global hydrochloric acid market in other industries - Market size and forecast 2017-2022 ($ mn)
      • Table Global hydrochloric acid market in other industries - Year-over-year growth 2018-2022 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Regional landscape
    • Geographical segmentation
      • Table Global hydrochloric acid market - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Hydrochloric acid market in APAC - Market size and forecast 2017-2022
      • Table Hydrochloric acid market in APAC - Market size and forecast 2017-2022 ($ mn)
      • Table Hydrochloric acid market in APAC - Year-over-year growth 2018-2022 (%)
    • Hydrochloric acid market in Americas - Market size and forecast 2017-2022
      • Table Hydrochloric acid market in Americas - Market size and forecast 2017-2022 ($ mn)
      • Table Hydrochloric acid market in Americas - Year-over-year growth 2018-2022 (%)
    • Hydrochloric acid market in EMEA - Market size and forecast 2017-2022
      • Table Hydrochloric acid market in EMEA - Market size and forecast 2017-2022 ($ mn)
      • Table Hydrochloric acid market in EMEA - Year-over-year growth 2018-2022 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global PVC market 2016-2021 ($ millions)
    • Market challenges
  • Market trends
    • Increasing demand-supply gap
    • Availability of substitutes of hydrochloric acid
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
    • Major market vendors
      • Table Global hydrochloric acid market: Major vendors 2017
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Akzo Nobel
      • Table Vendor overview
      • Table Akzo Nobel - Business segments
      • Table Akzo Nobel - Organizational developments
      • Table Akzo Nobel - Geographic focus
      • Table Akzo Nobel - Segment focus
      • Table Akzo Nobel - Key offerings
    • BASF
      • Table Vendor overview
      • Table BASF - Business segments
      • Table BASF - Organizational developments (2016 to date of research)
      • Table BASF - Geographic focus
      • Table BASF - Segment focus
      • Table BASF - Key offerings (for market in focus)
    • DowDuPont
      • Table Vendor overview
      • Table DowDuPont - Business segments
      • Table DowDuPont - Organizational developments (2017 to date of research)
      • Table DowDuPont - Geographic focus
      • Table DowDuPont - Segment focus
      • Table DowDuPont - Key offerings (for market in focus)
    • Kemira
      • Table Vendor overview
      • Table Kemira - Business segments
      • Table Kemira - Organizational developments (2017 to date of research)
      • Table Kemira - Geographic focus
      • Table Kemira - Segment focus
      • Table Kemira - Key offerings (for market in focus)
    • Occidental Petroleum
      • Table Vendor overview
      • Table Occidental Petroleum - Business segments
      • Table Occidental Petroleum - Organizational developments (2017 to date of research)
      • Table Occidental Petroleum - Geographic focus
      • Table Occidental Petroleum - Segment focus
      • Table Occidental Petroleum - Key offerings (for market in focus)
    • Westlake Chemical
      • Table Vendor overview
      • Table Westlake Chemical - Business segments
      • Table Westlake Chemical - Organizational developments (2017 to date of research)
      • Table Westlake Chemical - Geographic focus
      • Table Westlake Chemical - Segment focus
      • Table Westlake Chemical - Key offerings (for market in focus)
  • Appendix
    • List of abbreviations
  • Explore Technavio

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