Europe Hydrochloric Acid Market is forecast to grow by USD 581.77 million during 2023-2030| Top Companies: AGC Chemicals Americas, BASF SE, Covestro AG

Market Definition

Hydrochloric acid (HCL) or muriatic acid is a mineral acid derived from more than one type of inorganic compound and has the chemical formula HCl. It is colorless, highly acidic and corrosive in nature and has a particularly pungent smell. The corrosive nature of the HCl is attributed to its ability to completely dissociate in an aqueous solution. Liquid HCl is composed of hydrogen chloride and water and is one of the simplest acidic systems based on chlorine. However, unless pressurized or cooled, it will turn itself back into its gaseous form if the concentration of water is 60% or less.

Data Bridge Market Research analyzes that the Europe hydrochloric acid market is expected to reach the value of USD 581.77 million by 2030, at a CAGR of 5.4% during the forecast period.

Europe Hydrochloric Acid market research report aids staying informed about the trends and opportunities in the industry very easily and quickly by saving a lot of time. Besides, this report systematically gathers the information about influencing factors for the industry which contains customer behaviour, emerging trends, product usage, and brand positioning. The vital market insights of the report helps business make data-driven decisions as well as guarantees maximum return on investment (ROI). As Europe Hydrochloric Acid market report is formulated by taking into account and thoroughly understanding specific requirements of the business, it results into an excellent outcome.
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Europe Hydrochloric Acid Market Analysis and Size

Hydrochloric acid (HCl) or muriatic acid is colorless, highly acidic and corrosive in nature and has a distinguishable pungent smell. HCl is a simple acidic system based on chlorine and is mainly made up of mixing hydrogen chloride and water in specific concentrations depending on the requirement or use. It can be obtained by two methods. Firstly, by dissolving pure hydrogen chloride in ultra-purified water. The HCl formed this way is called synthetic hydrochloric acid and is the largest source and preferred type of HCl. Secondly, it is also produced on a large scale as a by-product of more than 40 industrial processes that involve chlorine.

HCl is one of the oldest discovered acids and is naturally found in the animal gastric system including that of humans and plays a key role in disintegrating food to release energy. Nonetheless, it is an important chemical reagent as well as an industrial chemical, primarily utilized in the production of Polyvinyl Chloride (PVC) which is a type of plastic. In households, diluted HCl finds itself useful as a descaling agent. Moreover, it is an excellent food additive and preservative and is necessary for the production of gelatin. It is also required in the leather industry for processing raw leather.

DRIVERS

Increasing Demand for Preservatives in Packed Food and Beverages

Hydrochloric acid (HCl), commonly known as hydrogen chloride, can be found in solid, liquid and gaseous forms. The aqueous form of hydrogen chloride is hydrogen chloric acid, which is colorless to pale yellow, has strong corrosive capabilities and has an unpleasant odor. Gastric acid naturally contains it. Muriatic acid, another name for HCL, is widely used in the food, mining, pharmaceutical, textile, tannery and cosmetic sectors worldwide for a variety of applications. The food industry uses the largest portion of HCL produced commercially. The direct synthesis of elements-the burning of chlorine in hydrogen and subsequent absorption in water-is used to create food-grade HCL (E507).

Some dairy products, baked goods, cereals, starch-based foods, canned or bottled (pasteurized) or retort-pouched vegetables and seaweeds, salad dressings, juices, syrups, beer, preserved eggs, soups, sauces, dietetic foods and foods for children and infants are permitted to use HCl as an acidity regulator, flavor enhancer and spoilage inhibitor.

In conclusion, HCl is an effective preservative, which is tolerable and harmless to an extent as it is already present in the human body. This feature is responsible for its considerable fame as a preservative. The increasing demand in the food and beverages industry, packed food and beverages is expected to boost the market growth.

Maintain an Optimal pH in Pool Water

HCl, a clear, colorless liquid made by mixing water with hydrogen chloride, is the greatest way to preserve normal water chemistry. It has been discovered to be extremely successful at removing algae from pool walls and floors while also lowering pH levels that have become hazardous to human health.

Recreational spots are places where people gather to enjoy their leisure time. Pools can be either public pools which are owned by governments, community centers, or private pools with individual ownership. Nevertheless, the swimming pool market has a substantial size in the Europe economy and is predicted to have the potential to grow at a rate of billions. The growth momentum will accelerate during this predicted period because of the steady increase in year-over-year growth. However, irrespective of their ownership, HCl is an essential part of pools for maintaining proper hygiene and safety.

HCl is an effective pool cleaner and pH optimizer that could ensure the safety of pools and remove the presence of unwanted microorganisms that compromises their hygiene. This property of HCl can be accounted for by its acidic and corrosive nature which in mild concentrations kills stubborn algae present in floors and walls of the pools, which can thrive in low pH conditions and are capable of causing communicable diseases. Excess alkalinity can also cause skin problems such as skin rashes or in extreme cases, metabolic alkalosis, which results in symptoms such as vomiting, nausea muscle twitching and tremors.

Key Market Competitors Covered in the Report
SEQUENS
Coogee
Formosa Plastics Corporation
Tessenderlo Group
Westlake Chemical Corporation
Brainerd Chemicals
Ishtar Company LLC
Jones-Hamilton Co.
Aditya Birla Chemicals
TOAGOSEI CO., LTD
AGC Chemicals Americas
Olin Corporation
Covestro AG
Occidental Petroleum Corporation
INOVYN (a subsidiary of INEOS)
Shin-Etsu Chemical Co., Ltd
BASF SE
UNID
Detrex Corporation (a subsidiary of Italmatch Chemicals S.p.A.)
GFS Chemicals, Inc.
Vynova Group
Tronox Holdings plc
IXOM
Nouryon
ERCO Worldwide (a subsidiary of Superior Plus)
Evergrow

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Post-COVID-19 Impact on Europe Hydrochloric Acid Market

Covid-19 not only utterly destroyed the economy of Europe, but it also completely upended the HCl business. This is primarily because of the setback in Europe's industrial and industry sectors.

For instance, the Europe hydrochloric acid market was impacted because the production of steel has had a substantial impact. The steel sector is one of the major consumers of HCl in Europe. The pandemic also had a considerable impact on the manufacturing of HC. This led to a dramatic price reduction, which abruptly reduced sales values.

However, due to an increase in the number of HCl applications, the market is anticipated to witness a market bloom and robust growth rates between the years 2020 and 2025. Increased investments in oil, gas and mining industries will also favorably impact the market growth and offer numerous prospects.

Recent Developments

In January 2022, The Houston Texans and 1PointFive announced an arrangement for the company to buy carbon offset credits and serve as the team's preferred carbon offset partner. As a result of the partnership, 1PointFive will take on the role of the Texans' Preferred Carbon Removal Partner and collaborate with them to inform fans about DAC and the value of carbon removal.
In January 2019, AGC Chemicals Americas acquired Malgrat Pharma Chemicals (MPC) located in Spain which was a subsidiary of Boehringer Ingelheim. MPC primarily focuses on the manufacturing of synthetic Active Pharmaceutical Ingredients (APIs) utilized in pharmaceutical products produced by chemical synthesis. This enabled the company to manufacture its own APIs, which further helped in improving the productivity and profit margin of the company.

Europe Hydrochloric Acid Market Scope

Europe hydrochloric acid market is segmented into five notable segments based on type, form, application, distribution channel and end-user. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type
Synthetic Hydrochloric Acid
By-Product Hydrochloric Acid

Based on type, the market is segmented into synthetic hydrochloric acid and by-product hydrochloric acid.

Form
Water-based
Aqueous
Solution

Based on form, the market is segmented into water-based, aqueous and solution.

Application
Steel Pickling
Oil Well Acidizing
Ore Processing
Food Processing
Pool Sanitation
Calcium Chloride
Others

Based on application, the market is segmented into steel pickling, oil well acidizing, ore processing, food processing, pool sanitation, calcium chloride and others.

Distribution Channel
E-Commerce
B2B
Specialty Stores
Others

Based on distribution channel, the market is segmented into e-commerce, B2B, specialty stores and others.

End User
Food and Beverages
Steel Industry
Pharmaceuticals
Textile
Oil and Gas
Chemistry Industry
Others

Based on end user, the market is segmented into food and beverages, steel industry, pharmaceuticals, textile, oil and gas, chemistry industry and others.

Europe Hydrochloric Acid Market Regional Analysis/Insights

Europe hydrochloric acid market is analyzed and market size insights and trends are provided by country, type, form, application, distribution channel and end-user as referenced above.

The countries covered in this market report are Germany, France, Spain, Turkey, U.K., Netherlands, Russia, Switzerland, Belgium, Italy and rest of Europe.

Germany is anticipated to dominate the market owing to the increasing growth of hydrochloric acid industries across the country.

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What benefits does the DBMR study is going to provide?

Latest industry influencing trends and development scenario

Open up New Markets

To Seize powerful market opportunities

Key decision in planning and to further expand market share

Identify Key Business Segments, Market proposition & Gap Analysis

Assisting in allocating marketing investments

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