Chemical Evolution: Hydrochloric Acid Market Forecasted to Reach .4 Billion by 2027

Posted by Jack Martin on December 18th, 2023

Hydrochloric acid (HCl) is a strong, highly corrosive mineral acid. It is a colorless to slightly yellowish liquid with a pungent and suffocating odor. Hydrochloric acid is produced by dissolving hydrogen chloride (HCl) gas in water, and it is one of the most widely used and essential acids in the chemical industry.

The Hydrochloric Acid Market is projected to grow from USD 2.5 billion in 2022 to USD 3.4 billion by 2027, at a CAGR of 6.6% during the forecast period. 

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Properties of Hydrochloric Acid:

• Molecular Weight: 36.46 g/mol
• Boiling Point: -85.05 °C (-121.09 °F)
• Melting Point: -114.22 °C (-173.56 °F)
• Density: 1.18 g/cm³ (approximately 20% HCl by weight)
• Solubility: Hydrochloric acid is highly soluble in water, and its concentration is commonly expressed in molarity (M) or percentage (%).

Uses and Applications of Hydrochloric Acid:

1. Chemical Manufacturing: Hydrochloric acid is a vital raw material for various chemical processes, including the production of chlorine gas, which is used in the manufacture of PVC (polyvinyl chloride) and other organic compounds.
2. Steel Pickling: In the steel industry, hydrochloric acid is used for pickling steel to remove rust, scale, and other impurities from the surface before further processing, such as galvanizing or coating.
3. Water Treatment: It is used in water treatment processes to adjust the pH levels and remove impurities and contaminants from water.
4. Oil and Gas Industry: Hydrochloric acid is employed in the oil and gas industry for well stimulation and acidizing to increase oil and gas production.
5. pH Regulation: It is used in various applications to regulate the acidity levels, such as in food processing and chemical reactions.
6. Laboratory Use: In laboratories, hydrochloric acid is commonly used for various analytical and preparatory procedures.

Safety Considerations: Hydrochloric acid is a potent acid and should be handled with extreme care. It can cause severe chemical burns on contact with skin and eyes and can emit harmful fumes when exposed to air. Proper safety precautions, including the use of personal protective equipment (PPE) and ventilation, are necessary when handling this chemical.

In industrial settings, hydrochloric acid is typically stored in high-density polyethylene (HDPE) or other suitable containers due to its corrosive nature.

According to MarketsandMarkets™, Asia Pacific is expected to emerge as the largest region in the hydrochloric acid market during the forecast period. The region's significant growth is attributed to several factors, including rapid industrialization, infrastructure development, and increasing demand from various end-user industries. The rising application of hydrochloric acid in chemical manufacturing, steel pickling, water treatment, and the oil and gas sector is driving its demand in the region. Additionally, the growth in population and urbanization in Asia Pacific is leading to increased consumption of goods and services, further bolstering the demand for hydrochloric acid in industrial processes.

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The key players operating in the hydrochloric acid market include BASF SE (Germany), Covestro AG (Germany), Olin Corporation (US), Westlake Chemical Corporation (US), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Tata Chemicals Limited (India), AGC Chemicals (Japan), ERCO Worldwide (Canada), Detrex Corporation (US) and others.