Synthetic Hydrochloric Acid Market: Current Analysis and Forecast (2023-2030)

The synthetic hydrochloric acid market refers to hydrochloric acid that is produced industrially, rather than that is produced industrially, rather than being extracted from natural resources. The market is driven by the increasing hydrochloric acid used in water and wastewater treatment plants to adjust the pH of the water, remove impurities, and coagulate suspended solids. With the growing global population and urbanization, there is an increasing demand for clean water and wastewater treatment, which is driving the demand for hydrochloric acid in this sector.

The synthetic hydrochloric acid market is expected to grow at a strong CAGR of 6.9 % during the forecast period because hydrochloric acid is used in the food and beverage industry to clean and sanitize equipment, process food products, and adjust the pH of food and beverages. The rising demand for packaged and processed foods, as well as the growing awareness of food safety and hygiene, is driving the demand for hydrochloric acid in this sector. For instance, in 2023, Olin Corporation developed a new process to produce hydrochloric acid from ethane. This process is more efficient than and less expensive than traditional methods, and it also produces a higher quality product.

Based on type, the market is segmented into industrial hydrochloride acid and food-class hydrochloric acid. Amongst these, the food-class hydrochloric acid segment dominated the market in 2022. This is because food-class hydrochloric acids are used to maintain pH of food and impurities which creates a large no of demand for

acid. Moreover, acid is used for cleaning and sanitizing equipment which creates a regular demand for the acid in the market. Overall, hydrochloric acid is a very effective acid for these applications and it is also relatively less expensive. As a result, it has become the dominant acid used in the food industry.

Based on end user, the market is segmented into food and beverages, pharmaceuticals, textile, steel, oil and gas, chemical industry, and others. The oil and gas segment has significant growth in the synthetic hydrochloric acid market because oil& gas production is expected to increase in coming years to meet the growing demand. This will lead to an increased demand for hydrochloric acid for acidizing, pickling, stimulating production, and processing. Additionally, EOR techniques are used to extract more oil in reservoirs. Hydrochloric acid is used in a no. of EOR techniques, such as acid fracturing and acid gas flooding.

Based on application, the market is segmented into organic chemical raw materials, metal cleaning and treatment, food and dairy industry, water treatment, and others. The water treatment has a significant growth in synthetic hydrochloric acid because hydrochloric acid is used to coagulate suspended solids in water, which makes it easier to remove them during the filtration and sedimentation stages of the water treatment process. Moreover, the global population is growing and urbanizing at a rapid pace. This is putting increasing pressure on water and water resources treatment facilities.

For a better understanding of the market adoption of the synthetic hydrochloric acid industry, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, Netherlands, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India and Rest of Asia-Pacific), Rest of World. Asia Pacific has a dominating share in the synthetic hydrochloric acid market because the rapidly growing population and economy in the Asia Pacific region have led to an increased demand for food and beverages, which in turn has driven the need for a more efficient synthetic hydrochloric acid industry. Additionally, it is going through rapid industrialization which is increasing the demand for the synthetic hydrochloric acid market. The Asia Pacific region is home to many world-class manufacturers of synthetic hydrochloric acids, with advanced facilities and skilled workforces. These manufacturers have invested heavily in research and development, enabling them to produce high-quality products that meet the needs of the regional market. For instance, In October 2022, ERCO Worldwide announced the launch of its new line of synthetic hydrochloric acid products. The new products are designed to meet the specific needs of a variety of industries, including food and beverage, pharmaceutical, and electronics.

Some of the major players operating in the market include: DuPont, Olin Corporation, Occidental Petroleum Corporation, Westlake Corporation, INEOS AG, BASF, Shin-Etsu Chemical Co., Ltd., Detrex Corporation, Solvay and ERCO Worldwide.