Hydrochloric Acid Market Size, Share, Trends, Industry Analysis Report: By Grade, Application, End-Use Industry, and Region

Description

List of Tables

The global hydrochloric acid market size is expected to reach USD 4,053.16 million by 2034, according to a new study by Polaris Market Research. The report "Hydrochloric Acid Market Size, Share, Trends, Industry Analysis Report: By Grade (Synthetic Grade and By-Product Grade), Application, End-Use Industry, and Region (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa) - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

Hydrochloric acid (HCl) is a strong, highly corrosive mineral acid composed of hydrogen and chlorine. It is a colorless, pungent-smelling liquid that is highly soluble in water and widely used in industrial applications such as steel pickling, pH regulation, chemical synthesis, water treatment, and food processing. Hydrochloric acid also plays a crucial role in the digestive system as gastric acid.

The rising demand for hydrochloric acid in steel pickling, where it is used to remove oxidation and scale from metal surfaces, is one of the key hydrochloric acid market growth drivers. Additionally, its critical role in enhanced oil recovery (EOR) and well acidizing processes has led to a surge in usage within the oil & gas sector. The growing need for efficient water treatment solutions, particularly in municipal and industrial wastewater management, is also a major contributor to hydrochloric acid market expansion.

The increasing emphasis on sustainable and green chemistry solutions, with manufacturers focusing on acid recovery and recycling technologies to reduce environmental impact, is a key market trend anticipated to drive market development. Additionally, advancements in synthetic-grade hydrochloric acid for high-purity applications in pharmaceuticals, food processing, and electronics are shaping market dynamics. Rising investments in chemical manufacturing and industrial infrastructure are further driving market expansion, particularly in emerging economies.

The hydrochloric acid market statistics indicate strong future potential, supported by innovations in production technologies, supply chain optimization, and regulatory advancements. Furthermore, the demand for cost-effective and high-performance chemical solutions is expected to create significant opportunities for global manufacturers and suppliers during the forecast period.

Hydrochloric Acid Market Report Highlights

In terms of grade, the by-product grade segment accounted for the largest market share in 2024 due to its cost-effectiveness, widespread availability from chemical manufacturing processes, and extensive use in steel pickling, water treatment, and industrial applications.

Based on end-use industry, the steel segment is expected to witness significant growth during the forecast period due to the increasing demand for hydrochloric acid in steel pickling processes, which are essential for removing surface oxides and preparing metals for further processing.

In 2024, the Middle East & Africa accounted for the largest share of the hydrochloric acid market due to the region's strong presence in the oil & gas sector, where hydrochloric acid is extensively used for well acidizing and enhanced oil recovery (EOR), along with rising demand in industrial processing.

The Asia Pacific is expected to witness the fastest growth during the forecast period due to rapid industrialization, increasing steel production, expanding chemical manufacturing, and rising investments in water treatment and pharmaceutical sectors.

Some of the global key market players are BASF SE, Covestro AG Olin Corporation, Westlake Chemical Corporation, Occidental Petroleum Corporation, Formosa Plastics Corporation, Tata Chemicals Limited, AGC Chemicals, ERCO Worldwide and Detrex Corporation.

Polaris Market Research has segmented the hydrochloric acid market report on the basis of grade, application, end-use industry, and region:

By Grade Outlook (Volume, Kilotons; Revenue, USD Million; 2020-2034)

Synthetic Grade
By-Product Grade

By Application Outlook (Volume, Kilotons; Revenue, USD Million; 2020-2034)

Steel Pickling
Oil Well Acidizing
Ore Processing
Food Processing
Pool Sanitisation
Calcium Chloride
Biodiesel

By End-Use Industry Outlook (Volume, Kilotons; Revenue, USD Million; 2020-2034)

Food and Beverages
Pharmaceuticals
Textile
Steel
Oil & Gas
Chemical Industry

By Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2020-2034)

North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Netherlands
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Malaysia
South Korea
Indonesia
Australia
Vietnam
Rest of Asia Pacific
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Rest of Middle East & Africa
Latin America
Mexico
Brazil
Argentina
Rest of Latin America

Product Code: PM3179

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Hydrochloric Acid Market Insights

4.1. Hydrochloric Acid Market - Market Snapshot
4.2. Hydrochloric Acid Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Growing Use in Oil & Gas Industry
  - 4.2.1.2. Expanding Chemical Manufacturing Sector
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Fluctuating Raw Material Prices
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Hydrochloric Acid Market Trends
4.6. Value Chain Analysis

5. Global Hydrochloric Acid Market, by Grade

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
5.3. Synthetic Grade
- 5.3.1. Global Hydrochloric Acid Market, by Synthetic Grade, by Region, 2020-2034 (USD Million)
5.4. By-Product Grade
- 5.4.1. Global Hydrochloric Acid Market, by By-Product Grade, by Region, 2020-2034 (USD Million)

6. Global Hydrochloric Acid Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
6.3. Steel Pickling
- 6.3.1. Global Hydrochloric Acid Market, by Steel Pickling, by Region, 2020-2034 (USD Million)
6.4. Oil Well Acidizing
- 6.4.1. Global Hydrochloric Acid Market, by Oil Well Acidizing, by Region, 2020-2034 (USD Million)
6.5. Ore Processing
- 6.5.1. Global Hydrochloric Acid Market, by Ore Processing, by Region, 2020-2034 (USD Million)
6.6. Food Processing
- 6.6.1. Global Hydrochloric Acid Market, by Food Processing, by Region, 2020-2034 (USD Million)
6.7. Pool Sanitisation
- 6.7.1. Global Hydrochloric Acid Market, by Pool Sanitisation, by Region, 2020-2034 (USD Million)
6.8. Calcium chloride
- 6.8.1. Global Hydrochloric Acid Market, by Calcium chloride, by Region, 2020-2034 (USD Million)
6.9. Biodiesel
- 6.9.1. Global Hydrochloric Acid Market, by Biodiesel, by Region, 2020-2034 (USD Million)

7. Global Hydrochloric Acid Market, by End-Use Industry

7.1. Key Findings
7.2. Introduction
- 7.2.1. Global Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
7.3. Food and Beverages
- 7.3.1. Global Hydrochloric Acid Market, by Food and Beverages, by Region, 2020-2034 (USD Million)
7.4. Pharmaceuticals
- 7.4.1. Global Hydrochloric Acid Market, by Pharmaceuticals, by Region, 2020-2034 (USD Million)
7.5. Textile
- 7.5.1. Global Hydrochloric Acid Market, by Textile, by Region, 2020-2034 (USD Million)
7.6. Steel
- 7.6.1. Global Hydrochloric Acid Market, by Steel, by Region, 2020-2034 (USD Million)
7.7. Oil & Gas
- 7.7.1. Global Hydrochloric Acid Market, by Oil & Gas, by Region, 2020-2034 (USD Million)
7.8. Chemical Industry
- 7.8.1. Global Hydrochloric Acid Market, by Chemical Industry, by Region, 2020-2034 (USD Million)

8. Global Hydrochloric Acid Market, by Geography

8.1. Key Findings
8.2. Introduction
- 8.2.1. Hydrochloric Acid Market Assessment, By Geography, 2020-2034 (USD Million)
8.3. Hydrochloric Acid Market - North America
- 8.3.1. North America: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
- 8.3.2. North America: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
- 8.3.3. North America: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.3.4. Hydrochloric Acid Market - US
  - 8.3.4.1. US: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.3.4.2. US: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.3.4.3. US: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.3.5. Hydrochloric Acid Market - Canada
  - 8.3.5.1. Canada: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.3.5.2. Canada: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.3.5.3. Canada: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
8.4. Hydrochloric Acid Market - Europe
- 8.4.1. Europe: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
- 8.4.2. Europe: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
- 8.4.3. Europe: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.4.4. Hydrochloric Acid Market - UK
  - 8.4.4.1. UK: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.4.4.2. UK: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.4.4.3. UK: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.4.5. Hydrochloric Acid Market - France
  - 8.4.5.1. France: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.4.5.2. France: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.4.5.3. France: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.4.6. Hydrochloric Acid Market - Germany
  - 8.4.6.1. Germany: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.4.6.2. Germany: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.4.6.3. Germany: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.4.7. Hydrochloric Acid Market - Italy
  - 8.4.7.1. Italy: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.4.7.2. Italy: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.4.7.3. Italy: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.4.8. Hydrochloric Acid Market - Spain
  - 8.4.8.1. Spain: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.4.8.2. Spain: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.4.8.3. Spain: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.4.9. Hydrochloric Acid Market - Netherlands
  - 8.4.9.1. Netherlands: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.4.9.2. Netherlands: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.4.9.3. Netherlands: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.4.10. Hydrochloric Acid Market - Russia
  - 8.4.10.1. Russia: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.4.10.2. Russia: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.4.10.3. Russia: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.4.11. Hydrochloric Acid Market - Rest of Europe
  - 8.4.11.1. Rest of Europe: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.4.11.2. Rest of Europe: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.4.11.3. Rest of Europe: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
8.5. Hydrochloric Acid Market - Asia Pacific
- 8.5.1. Asia Pacific: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
- 8.5.2. Asia Pacific: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
- 8.5.3. Asia Pacific: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.5.4. Hydrochloric Acid Market - China
  - 8.5.4.1. China: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.5.4.2. China: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.5.4.3. China: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.5.5. Hydrochloric Acid Market - India
  - 8.5.5.1. India: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.5.5.2. India: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.5.5.3. India: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.5.6. Hydrochloric Acid Market - Malaysia
  - 8.5.6.1. Malaysia: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.5.6.2. Malaysia: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.5.6.3. Malaysia: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.5.7. Hydrochloric Acid Market - Japan
  - 8.5.7.1. Japan: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.5.7.2. Japan: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.5.7.3. Japan: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.5.8. Hydrochloric Acid Market - Indonesia
  - 8.5.8.1. Indonesia: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.5.8.2. Indonesia: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.5.8.3. Indonesia: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.5.9. Hydrochloric Acid Market - South Korea
  - 8.5.9.1. South Korea: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.5.9.2. South Korea: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.5.9.3. South Korea: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.5.10. Hydrochloric Acid Market - Australia
  - 8.5.10.1. Australia: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.5.10.2. Australia: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.5.10.3. Australia: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.5.11. Hydrochloric Acid Market - Rest of Asia Pacific
  - 8.5.11.1. Rest of Asia Pacific: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.5.11.2. Rest of Asia Pacific: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.5.11.3. Rest of Asia Pacific: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
8.6. Hydrochloric Acid Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
- 8.6.2. Middle East & Africa: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
- 8.6.3. Middle East & Africa: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.6.4. Hydrochloric Acid Market - Saudi Arabia
  - 8.6.4.1. Saudi Arabia: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.6.4.2. Saudi Arabia: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.6.4.3. Saudi Arabia: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.6.5. Hydrochloric Acid Market - UAE
  - 8.6.5.1. UAE: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.6.5.2. UAE: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.6.5.3. UAE: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.6.6. Hydrochloric Acid Market - Israel
  - 8.6.6.1. Israel: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.6.6.2. Israel: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.6.6.3. Israel: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.6.7. Hydrochloric Acid Market - South Africa
  - 8.6.7.1. South Africa: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.6.7.2. South Africa: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.6.7.3. South Africa: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.6.8. Hydrochloric Acid Market - Rest of Middle East & Africa
  - 8.6.8.1. Rest of Middle East & Africa: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.6.8.2. Rest of Middle East & Africa: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.6.8.3. Rest of Middle East & Africa: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
8.7. Hydrochloric Acid Market - Latin America
- 8.7.1. Latin America: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
- 8.7.2. Latin America: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
- 8.7.3. Latin America: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.7.4. Hydrochloric Acid Market - Mexico
  - 8.7.4.1. Mexico: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.7.4.2. Mexico: Hydrochloric Acid Market, by Application, 2020-2034 (USD Million)
  - 8.7.4.3. Mexico: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (USD Million)
- 8.7.5. Hydrochloric Acid Market - Brazil
  - 8.7.5.1. Brazil: Hydrochloric Acid Market, by Grade, 2020-2034 (USD Million)
  - 8.7.5.2. Brazil: Hydrochloric Acid Market, by Application, 2020-2034 (Kilotons) (USD Million)
  - 8.7.5.3. Brazil: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (Kilotons) (USD Million)
- 8.7.6. Hydrochloric Acid Market - Argentina
  - 8.7.6.1. Argentina: Hydrochloric Acid Market, by Grade, 2020-2034 (Kilotons) (USD Million)
  - 8.7.6.2. Argentina: Hydrochloric Acid Market, by Application, 2020-2034 (Kilotons) (USD Million)
  - 8.7.6.3. Argentina: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (Kilotons) (USD Million)
- 8.7.7. Hydrochloric Acid Market - Rest of Latin America
  - 8.7.7.1. Rest of Latin America: Hydrochloric Acid Market, by Grade, 2020-2034 (Kilotons) (USD Million)
  - 8.7.7.2. Rest of Latin America: Hydrochloric Acid Market, by Application, 2020-2034 (Kilotons) (USD Million)
  - 8.7.7.3. Rest of Latin America: Hydrochloric Acid Market, by End-Use Industry, 2020-2034 (Kilotons) (USD Million)

9. Competitive Landscape

9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions

10. Company Profiles

10.1. BASF SE
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
10.2. Covestro AG
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
10.3. Olin Corporation
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
10.4. Westlake Chemical Corporation
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
10.5. Occidental Petroleum Corporation
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
10.6. Formosa Plastics Corporation
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
10.7. Tata Chemicals Limited
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
10.8. AGC Chemicals
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
10.9. ERCO Worldwide
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
10.10. Detrex Corporation
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development