Materials & Chemicals Market Research News

Hydrochloric acid market to grow by 5.06% annually till 2022

Materials & Chemicals Research

The demand-supply gap of hydrochloric acid has become one of the major challenging factors for the growth of the global hydrochloric acid market. In Europe, this demand-supply gap is prominent in countries such as Spain, Germany, Italy, and others.

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The analysts forecast global hydrochloric acid market to grow at a CAGR of 5.06% during the period 2018-2022.The report, Global Hydrochloric Acid Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

One trend in the hydrochloric acid market is increasing demand-supply gap.

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Key players in the global hydrochloric acid market: Akzo Nobel, BASF, DowDuPont, Kemira, Occidental Petroleum, and Westlake Chemical.

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According to the hydrochloric acid market report, one driver in the market is growing demand for PVC. PVC is one the most widely used plastics, which is produced by the polymerization of the vinyl chloride monomer.

PVC is made of 57% chlorine, which is derived from industrial-grade salt and 43% carbon extracted predominantly from oil or gas via ethylene.

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Further, the report states that one challenge in the market is fluctuating crude oil prices affecting hydrochloric acid consumption. Hydrochloric acid is one of the majorly consumed chemicals in the oil industry for the extraction of crude oil and gas.

Crude oil prices are dependent on the production of crude oil from oilfields. According to the EIA, Brent crude oil prices were recorded at $111.63 per barrel in 2012, which decreased to $43.29 per barrel in 2016.

Table of Contents

PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
PART 05: MARKET SIZING
Market definition
Market sizing 2017
Market size and forecast 2017-2022
PART 06: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 07: CUSTOMER LANDSCAPE
PART 08: MARKET SEGMENTATION BY END-USER
Segmentation by end-user
Comparison by end-user
Global hydrochloric acid market in food industry – Market size and forecast 2017-2022
Global hydrochloric acid market in steel industry – Market size and forecast 2017-2022
Global hydrochloric acid market in oil industry – Market size and forecast 2017-2022
Global hydrochloric acid market in chemicals industry – Market size and forecast 2017-2022
Global hydrochloric acid market in other industries – Market size and forecast 2017-2022
Market opportunity by end-user
PART 09: REGIONAL LANDSCAPE
Geographical segmentation
Regional comparison
Hydrochloric acid market in APAC – Market size and forecast 2017-2022
Hydrochloric acid market in Americas – Market size and forecast 2017-2022
Hydrochloric acid market in EMEA – Market size and forecast 2017-2022
Key leading countries
Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 12: MARKET TRENDS
Increasing demand-supply gap
Availability of substitutes of hydrochloric acid
PART 13: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
Major market vendors
PART 14: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
Akzo Nobel
BASF
DowDuPont
Kemira
Occidental Petroleum
Westlake Chemical
PART 15: APPENDIX
List of abbreviations

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