Press release
Hydrochloric Acid Electrolysis Market to Strengthen Its Position at 3.2% CAGR through 2023
Market Highlights
The Chloro alkali industry is traditionally depended on processes such as membrane technology, diaphragm technology and mercury cell technology for production of chlorine. However, the HCl is produced as byproducts of several industrial processes and this HCl has to be recycled or transported for further use. In addition to that, transporting HCl is a tedious process that involves several legal and environmental procedures. HCl electrolysis overcomes these problems by enabling onsite recycling of HCl in a safe and efficient manner. The ODC technology is highly energy efficient when compared with the traditional processes and it is highly likely to replace all the mercury electrolysis plants which are going to be gradually phased out.
The HCl Electrolysis market is expected to grow over the CAGR of around 3.2% during the period 2017 to 2023.
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Market Research Analysis
Based on application of HCl electrolysis, the PVC industry is expected to dominate the market with major chlorine produced by the HCl electrolysis being used for the chlorination of PVC. This is followed by the growing demand for polyurethane industry in the China and India. The TDI and MDI process of polyurethane uses chlorine in huge quantities to manufacture many products such as foams, furniture, elastomers and hard plastics. The chlorine generated from HCl electrolysis are increasingly used in Building and construction, Transportation, Furniture & bedding and also in packaging. The HCl electrolysis process in also used in oil and gas industries where pipe line cleaning and enhanced oil recovery process.
Key Players
The key players of the global HCl Electrolysis market are Thyssenkrupp AG (Germany), E. I. du Pont de Nemours and Company (U.S.), Covestro AG (Germany), Mitsui Chemicals, Inc. (Japan) Bluestar (Beijing) chemical machinery Co. Ltd. and Sumitomo Chemical Co. Ltd. (Japan).
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Scope of the Report
This study provides an overview of the global HCl Electrolysis market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia-Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global HCl Electrolysis market by product, by application and by regions.
By Technology
• ODC Electrolysis
• Diaphragm Electrolysis
• Sumitomo Process
• DuPont gas phase electrolysis
• Others
By Application
• Polyurethane Industry
• Oil & Gas
• PVC Prodution & Chlorination
• Fertilizers
• Metal Picking
• Others
By Regions
• North America
• Asia Pacific
• Europe
• Rest of the World
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The report for Global Hydrochloric Acid Electrolysis Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com
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