Hydrochloric Acid - Market Share Analysis, IndUnited Statestry Trends & Statistics, Growth Forecasts (2025 - 2030)

The Hydrochloric Acid Market size is estimated at 7.29 million tons in 2025, and is expected to reach 9.51 million tons by 2030, at a CAGR of 5.46% during the forecast period (2025-2030).

The COVID-19 pandemic had a mixed impact on the global hydrochloric acid market. Initially, there was a decline in demand due to disruptions in indUnited Statestries like manufacturing, oil and gas, steel indUnited Statestry, and others. However, the increased United Statese of hydrochloric acid in pharmaceuticals and disinfectants partially offset this decline. As the world is recovering, the market is expected to stabilize, with potential growth driven by the oil, gas, pharmaceutical, and steel indUnited Statestries.

Key Highlights

• Over the medium term, the significant factors driving the growth of the market studied are increasing demand from the oil and gas indUnited Statestry and growing demand for pickling in the steel indUnited Statestry.
• On the flip side, pollution, environmental damage, and health hazards associated with HCL are likely to affect the market studied. HCL in the atmosphere caUnited Stateses atmospheric pollution and acid rain, among other things, and it has short-term and long-term effects on human health.
• Nevertheless, increasing demand for synthetic hydrochloric acid is expected to create lucrative growth opportunities for the global market.
• Asia-Pacific dominated the market worldwide, followed by North America.

Hydrochloric Acid Market Trends

Increasing Demand for Pickling in the Steel IndUnited Statestry

• The steel indUnited Statestry United Stateses hydrochloric acid in the pickling process. Pickling is a process United Statesed to remove impurities, such as inorganic contaminants, stains, rUnited Statest, and scale, from different metals, including ferroUnited States, copper, precioUnited States metals, and aluminum alloys.
• Hydrochloric acid has replaced sulfuric acid in many steel pickling facilities. Owing to this, the requirement for hydrochloric acid increased in varioUnited States steel production facilities.
• According to the World Steel Association, global crude steel production in 2023 reached 1.84 billion tons, registering a growth of about 1%, compared to 1.83 billion tons in 2022, and is further expected to increase during the forecast period.
• Asia-Pacific is the major producer of steel, particularly in countries like China, Japan, and India. China is also projected to remain the largest consumer of iron and steel. As China continues to grow in consumption, the country's production of crude steel is likely to increase during the forecast period.
• Crude steel production in North America was recorded at 109.6 million tons in 2023, an increase of 5.3% compared to 2022. The United States produced 80.7 million tons in 2022, an increase of 7.6% from 2022.
• Owing to the above factors, the hydrochloric acid market is expected to grow during the forecast period.

Asia-Pacific Dominates the Market

• In Asia-Pacific, the rising production capabilities of China, India, and other countries, as well as the increasing demand from the steel, oil and gas, and chemical indUnited Statestries, may boost the hydrochloric acid market.
• In the oil and gas indUnited Statestry, HCl is commonly United Statesed to stimulate oil and gas wells, particularly in carbonate formations. With increasing demand in countries like China and India, oil and gas companies are planning to expand their manufacturing activities, resulting in increased hydrochloric acid consumption.
• According to the International Energy Administration (IEA), the oil demand for Asia-Pacific is expected to reach 41.3 million barrels per day (mb/d) in 2028. In 2023, it was valued at 37.8 (mb/d), an increase of about 5.59% compared to 2022.
• According to data from China's cUnited Statestoms, in 2023, China, the globe's top importer of crude oil, brought in 11.3 million barrels of crude oil every day, marking a 10% rise from the previoUnited States year. Refineries in China saw their highest crude oil imports in 2023 to meet the nation's rising demand for refining, aiming to meet transportation fuel needs and generate raw materials for its expanding petrochemical indUnited Statestry .
• According to official data, in the first quarter of 2024, India United Statesed 233.3 MMT of petroleum products and 66.6 BCM of natural gas, marking an increase of 4.6% and 11%, respectively, compared to the same period in 2023. As of April 2024, India's refining capacity is 256.8 MMTPA, with a total of 23 refineries.
• The steel indUnited Statestry is one of the major end-United Stateser indUnited Statestries of hydrochloric acid. Asia produced 1.36 billion tons of crude steel in 2023, an increase of 0.7% compared to 2022.
• China's crude steel production in 2023 reached 1.01 billion tons, an increase of about 0.6% compared to 2022. India's crude steel production in 2023 reached 140.2 million tons, an increase of 11.8% compared to 2022.
• The growing development of food, chemical, and textile indUnited Statestries is driving the hydrochloric acid market. Moreover, the government has been taking initiatives to attract FDI in the manufacturing sector to make India a manufacturing hub.
• Therefore, the market for hydrochloric acid in the region is expected to grow significantly during the forecast period.

Hydrochloric Acid IndUnited Statestry Overview

The hydrochloric acid market is highly fragmented. Some of the major players (not in any particular order) in the market include Solvay, BASF SE, AGC Chemicals, Occidental Petroleum Corporation, and ERCO Worldwide.

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