Europe Hydrochloric Acid Market Worth USD 581.77 million, by 2030 at 5.4% CAGR| Top Manufacturers: AGC Chemicals Americas, BASF SE, Covestro AG

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.

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, corrosive, and has a particularly pungent smell. The corrosive nature of the HCl is attributed to its ability to dissociate in an aqueous solution completely. 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.

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.

Hydrochloric acid (HCl) or muriatic acid is colorless, highly acidic, corrosive, 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.

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

Read the Full Report Description with Table of Content and Figure @ https://www.databridgemarketresearch.com/reports/europe-hydrochloric-acid-market

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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