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 and corrosive in nature and has a particularly pungent smell. The corrosive nature of the HCl is attributed to its ability to completely dissociate in an aqueous solution. 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.
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.
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Europe Hydrochloric Acid Market Analysis and Size
Hydrochloric acid (HCl) or muriatic acid is colorless, highly acidic and corrosive in nature 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.
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.
The collection of data and information involved in the realistic Europe Hydrochloric Acid report has been mainly derived from journals, company websites, and white papers etc. For leading the market or industry and making a mark in the same as a new emergent, market research report is always crucial. This business report comprises of a market data that provides a detailed analysis of the industry and its impact based on applications and on different geographical regions, and systemic analysis of growth trends and future prospects. The Europe Hydrochloric Acid market research report provides current as well as upcoming technical and financial details of the industry to 2029.
Competitive Landscape and Europe Hydrochloric Acid Market Share Analysis
Europe hydrochloric acid market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in RD, new market initiatives, Europe presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth and application dominance. The above data points provided are only related to the companies focus on the market.
Some of the major players operating in the Europe hydrochloric acid market are AGC Chemicals Americas, BASF SE, Covestro AG, Detrex Corporation, DuPont, EVERGROW, ICL, INOVYN, Ishtar Company LLC, Nouryon, Occidental Petroleum Corporation, Olin Corporation, Orica Limited, SEQENS, Solvay, Tessenderlo Group, TIB Chemicals AG, Tronox Holdings plc, Vynova Group and Westlake Corporation among others.
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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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