塩酸市場 : 2029年までの世界予測

Hydrochloric Acid Market - Global Forecast to 2029

塩酸市場 : グレード (合成、副産物)、用途、最終用途産業 (食品&飲料、製薬、繊維、鉄鋼、石油&ガス、化学)、地域別 (北米、ヨーロッパ、APAC、MEA、南米)、地域別- 2029年までの世界予測
Hydrochloric Acid Market by Grade (Synthetic, By-product), Application, End-use industry (Food & Beverage, Pharmaceutical, Textile, Steel, Oil & Gas, Chemical), Region (North America, Europe, APAC, MEA, South America), & Region - Global Forecast to 2029
出版年月2024年7月
ページ数265
図表数375
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The hydrochloric acid market is projected to grow from USD 2.2 Billion in 2024 to USD 3.0 Billion by 2029, at a CAGR of 6.5% during the forecast period.

塩酸市場は、予測期間中に6.5%のCAGRで、2024年の22億米ドルから2029年までに30億米ドルに成長すると予測されています。

Hydrochloric acid is extensively used in the food processing and steel pickling industries. In food processing, it adjusts pH levels for tasks like curdling milk in cheese production, produces food additives such as gelatine, aids in fermentation for soy sauce, preserves fruits and vegetables, and sanitizes equipment. These applications ensure food quality, safety, and functionality. In steel pickling, hydrochloric acid removes rust, scale, and contaminants from steel surfaces, crucial for preparing steel for galvanizing, plating, and painting. The steel industry’s growth, driven by industrialization and infrastructure development, significantly boosts hydrochloric acid demand. According to Worldsteel Association, total world crude steel production in 2023 was 1,888.2 Mt. This increases the demand for hydrochloric acid for the application of steel pickling, underscoring the acid’s critical role in metal processing and its impact on the global market.

塩酸市場 : 2029年までの世界予測

“By Grade, by-product is largest market for hydrochloric acid during forecast period.”

By-product grade accounts for largest market share for hydrochloric acid. It is primarily utilized in the mining sector for ore extraction, the production of biofuels, oils, and lubricants, as well as in various refinement processes. Additionally, hydrochloric acid is employed in metalworking for pickling steel, aluminum, titanium, and magnesium, as well as for cleaning metal surfaces during galvanizing processes.

“By Application, oil well acidizing account for second largest share during forecast period.”

Ore processing accounts for second largest market share by application for hydrochloric acid market. In ore processing, which includes crushing, grinding, flotation, and leaching, hydrochloric acid is crucial during leaching. Its strong acidity helps dissolve specific minerals, aiding in extracting metals like nickel, cobalt, and rare earth elements. Hydrochloric acid adjusts pH levels and removes impurities, enhancing the purity and yield of the final product. Its use improves the efficiency and effectiveness of mineral extraction, contributing to high-quality metal production.

塩酸市場 : 2029年までの世界予測 ecosystem

“By End-Use Industry, Chemical End-use Industry Segment Accounted For second largest share during forecast period.”

Hydrochloric acid is important in the chemical industry, acting as a key reagent in numerous chemical reactions and processes. It is widely used for pH control, neutralization, and chemical synthesis. In chemical manufacturing, hydrochloric acid is crucial for producing inorganic compounds like ferric chloride, polyaluminum chloride, and various chlorides used in water treatment, electronics, and pharmaceuticals. It is also vital in organic synthesis, particularly in producing vinyl chloride and other important organic chemicals. Hydrochloric acid is used to produce high-purity silica, regenerate ion exchange resins, and in processes such as hydrolyzing starches and proteins.

The benefits of hydrochloric acid in the chemical industry are significant. Its strong acidic nature makes it highly effective for various applications, including catalyzing reactions, adjusting pH levels, and neutralizing alkaline substances. Its versatility allows it to be used in numerous chemical processes, enhancing production efficiency and product quality. Hydrochloric acid’s compatibility with a wide range of substances ensures its safe and effective integration into diverse chemical production workflows.

Several factors drive the hydrochloric acid market in the chemical industry. The increasing demand for chemical products, fueled by growth in industries such as pharmaceuticals, agriculture, water treatment, and electronics, boosts hydrochloric acid consumption. Technological advancements in chemical synthesis and production processes that improve efficiency and yield also contribute to the rising demand for hydrochloric acid. The expansion of industrial activities in emerging economies, coupled with the growing emphasis on environmental sustainability and regulatory compliance, further supports the hydrochloric acid market. Additionally, the continuous need for high-purity chemicals in various applications, along with the regeneration of ion exchange resins in water treatment and other industries, drives the demand for hydrochloric acid in the chemical sector.

“North America is accounted second larget market for Hydrochloric acid in 2023.”

The North America region is accounted second larget in the Hydrochloric acid market. This growth encompasses countries like US, Canada, and Mexico.

The hydrochloric acid market in North America is being propelled by various factors. The robust industrial sector in the region, particularly in steel manufacturing, chemical processing, and oil refining, is driving significant demand for hydrochloric acid. There is a growing utilization of hydrochloric acid in water treatment applications, including pH regulation and wastewater treatment, which is further stimulating market growth. The expanding usage of hydrochloric acid in the food and beverage industry for purposes such as food processing and cleaning is contributing to increased demand. Moreover, stringent environmental regulations governing the handling and disposal of hazardous chemicals like hydrochloric acid are prompting investments in advanced technologies and safety measures, thereby fostering market growth. The presence of key market players and their focus on research and development endeavors aimed at enhancing product efficiency and sustainability are also fueling the growth of the hydrochloric acid market in North America.

塩酸市場 : 2029年までの世界予測 region

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the Hydrochloric acid market.

  • By Company Type: Tier 1: 40%, Tier 2: 25%, and Tier 3: 35%
  • By Designation: C Level: 35%, Director Level: 30%, and Others: 35%
  • By Region: North America: 25%, Europe: 20%, APAC: 45%, Middle East & Africa: 5%, and South America: 5%

Companies Covered: The global hydrochloric acid market comprises major manufacturers, such as BASF SE (Germany), Covestro AG (Germany), Olin Corporation (US), Westlake Chemical Corporation (US), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Tata Chemicals Limited (India), AGC Inc. (Japan), ERCO Worldwide (Canada), Detrex Corporation (US), among others.

Research Coverage

The market study covers the hydrochloric acid market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on grade, end-use industry, application and region. The study also includes an in-depth competitive analysis of key players in the market, their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to improve their position in the hydrochloric acid market.

Key Benefits of Buying the Report

The report is expected to help the market leaders/new entrants in this market share the closest approximations of the revenue numbers of the overall hydrochloric acid market and its segments and sub-segments. This report is projected to help stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses, and plan suitable go-to-market strategies. The report also aims to help stakeholders understand the pulse of the market and provides them with information on the key market drivers, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Growth of chemical industry in emerging markets, Extensive use of hydrochloric acid in food processing industries, Pressing need for active pharmaceutical ingredients in pharmaceutical industry, and High demand for steel pickling in metal processing industry), restraints (Volatility in raw material prices, and Trade barriers and increased tariff rates), opportunities (Water treatment and environmental remediation, Increasing demand in oil & gas industry and Extensive laboratory use) and challenges (Health and environmental concerns and Customer preferences and sustainability).
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the hydrochloric acid market
  • Market Development: Comprehensive information about lucrative markets – the report analyses the hydrochloric acid market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the Hydrochloric acid market
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like BASF SE (Germany), Covestro AG (Germany), Olin Corporation (US), Westlake Chemical Corporation (US), Occidental Petroleum Corporation (US), Formosa Plastics Corporation (Taiwan), Tata Chemicals Limited (India), AGC Inc. (Japan), ERCO Worldwide (Canada), Detrex Corporation (US), among others in the hydrochloric acid market. The report also helps stakeholders understand the pulse of the hydrochloric acid market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            26

1.1         STUDY OBJECTIVES      26

1.2         MARKET DEFINITION   26

1.3         STUDY SCOPE  27

1.3.1      INCLUSIONS AND EXCLUSIONS 27

1.3.2      REGIONS COVERED      28

1.3.3      YEARS CONSIDERED     28

1.4         CURRENCY CONSIDERED          29

1.5         UNITS CONSIDERED     29

1.6         LIMITATIONS   29

1.7         STAKEHOLDERS            29

1.8         SUMMARY OF CHANGES            30

2            RESEARCH METHODOLOGY     31

2.1         RESEARCH DATA           31

2.1.1      SECONDARY DATA       32

2.1.1.1   Key data from secondary sources     32

2.1.2      PRIMARY DATA 33

2.1.2.1   Key data from primary sources         33

2.1.2.2   Key industry insights          34

2.1.2.3   Breakdown of interviews with experts            34

2.2         MARKET SIZE ESTIMATION       35

2.2.1      BOTTOM-UP APPROACH           35

2.2.2      TOP-DOWN APPROACH             36

2.2.3      VOLUME MARKET APPROACH  36

2.3         DATA TRIANGULATION             37

2.4         FACTOR ANALYSIS        38

2.5         IMPACT OF RECESSION 38

2.6         RESEARCH ASSUMPTIONS         39

2.7         RESEARCH LIMITATIONS           39

2.8         RISK ASSESSMENT         39

3            EXECUTIVE SUMMARY 40

4            PREMIUM INSIGHTS      44

4.1         ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROCHLORIC ACID MARKET  44

4.2         ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY AND COUNTRY 44

4.3         HYDROCHLORIC ACID MARKET, BY GRADE      45

4.4         HYDROCHLORIC ACID MARKET, BY APPLICATION        45

4.5         HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY           46

4.6         HYDROCHLORIC ACID MARKET, BY KEY COUNTRY       46

5            MARKET OVERVIEW     47

5.1         INTRODUCTION            47

5.2         MARKET DYNAMICS     47

5.2.1      DRIVERS            48

5.2.1.1   Growth of chemical industry in emerging markets        48

5.2.1.2   Extensive use of hydrochloric acid in food processing industries 48

5.2.1.3   Pressing need for active pharmaceutical ingredients in pharmaceutical industry              48

5.2.1.4   High demand for steel pickling  in metal processing industry    48

5.2.2      RESTRAINTS     49

5.2.2.1   Volatility in raw material prices        49

5.2.2.2   Trade barriers and increased tariff rates         49

5.2.3      OPPORTUNITIES           50

5.2.3.1   Water treatment and environmental remediation         50

5.2.3.2   Increasing demand for hydrochloric acid in oil & gas industry    50

5.2.3.3   Extensive laboratory use of hydrochloric acid 50

5.2.4      CHALLENGES   51

5.2.4.1   Health and environmental concerns 51

5.2.4.2   Customer preferences and sustainability        51

6            INDUSTRY TRENDS       53

6.1         PORTER’S FIVE FORCES ANALYSIS         53

6.1.1      THREAT OF NEW ENTRANTS    54

6.1.2      THREAT OF SUBSTITUTES         54

6.1.3      BARGAINING POWER OF SUPPLIERS     54

6.1.4      BARGAINING POWER OF BUYERS           54

6.1.5      INTENSITY OF COMPETITIVE RIVALRY 55

6.2         VALUE CHAIN ANALYSIS            55

6.3         TRADE ANALYSIS          56

6.3.1      EXPORT SCENARIO       56

6.3.2      IMPORT SCENARIO       56

6.4         MACROECONOMIC INDICATORS           57

6.4.1      GLOBAL GDP OUTLOOK           57

6.5         TECHNOLOGY ANALYSIS           58

6.5.1      KEY TECHNOLOGIES    59

6.5.1.1   Preconcentration process   59

6.5.1.2   Direct synthesis   59

6.5.2      COMPLEMENTARY TECHNOLOGIES     59

6.5.2.1   Hydrochloric acid recovery 59

6.5.2.2   Medium concentration process        60

6.6         TARIFF AND REGULATORY LANDSCAPE            60

6.6.1      TARIFF RELATED TO HYDROCHLORIC ACID MARKET  60

6.6.2      REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          61

6.7         CASE STUDY ANALYSIS 64

6.8         TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS              65

6.9         KEY CONFERENCES & EVENTS IN 2024–2025       66

6.10       KEY STAKEHOLDERS AND BUYING CRITERIA    66

6.10.1    KEY STAKEHOLDERS IN BUYING PROCESS         66

6.10.2    BUYING CRITERIA         67

6.11       ECOSYSTEM/MARKET MAP       68

6.12       PATENT ANALYSIS        69

6.12.1    INTRODUCTION            69

6.12.2    METHODOLOGY           69

6.13       PRICING ANALYSIS        72

6.13.1    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY GRADE 72

6.13.2    AVERAGE SELLING PRICE TREND, BY REGION  73

7            HYDROCHLORIC ACID MARKET, BY GRADE      75

7.1         INTRODUCTION            76

7.2         SYNTHETIC GRADE      77

7.2.1      WIDE USE IN CHEMICAL MANUFACTURING AND METAL PROCESSING TO BOOST DEMAND     77

7.3         BY-PRODUCT GRADE   78

7.3.1      SURGING DEMAND IN AGROCHEMICALS AND ION EXCHANGERS TO DRIVE MARKET 78

8            HYDROCHLORIC ACID MARKET, BY APPLICATION        80

8.1         INTRODUCTION            81

8.2         STEEL PICKLING           82

8.2.1      VERSATILE APPLICATIONS IN STEEL PICKLING TO DRIVE DEMAND              82

8.3         OIL WELL ACIDIZING   83

8.3.1      PRESSING NEED FOR IMPROVING PRODUCTIVITY OF OIL WELLS TO DRIVE MARKET 83

8.4         ORE PROCESSING          84

8.4.1      EFFICACY IN ENHANCING MINERAL EXTRACTION TO DRIVE MARKET              84

8.5         FOOD PROCESSING      85

8.5.1      INCREASED DEMAND FOR FOOD ADDITIVES AND FLAVORING AGENTS TO BOOST MARKET    85

8.6         POOL SANITATION       86

8.6.1      SURGING DEMAND FOR HYDROCHLORIC ACID IN POOL SANITATION TO DRIVE MARKET       86

8.7         CALCIUM CHLORIDE    87

8.7.1      RISING NEED FOR FOOD PRESERVATION AND INDUSTRIAL DRYING TO BOOST DEMAND     87

8.8         BIODIESEL        88

8.8.1      INCREASING DEMAND IN BIODIESEL PRODUCTION TO DRIVE MARKET            88

8.9         OTHER APPLICATIONS 89

9            HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY           91

9.1         INTRODUCTION            92

9.2         FOOD & BEVERAGE       93

9.2.1      INCREASING DEMAND FOR HYDROCHLORIC ACID IN DAIRY PRODUCTS AND SWEETENERS TO DRIVE MARKET        93

9.3         PHARMACEUTICAL       94

9.3.1      USE IN VARIOUS PHASES OF DRUG DEVELOPMENT AND PRODUCTION TO DRIVE MARKET         94

9.4         TEXTILE            95

9.4.1      RISING DEMAND FOR HYDROCHLORIC ACID IN DYEING AND FABRIC PROCESSING TO DRIVE MARKET           95

9.5         STEEL  96

9.5.1      TECHNOLOGICAL ADVANCEMENTS IN STEEL MANUFACTURING AND PICKLING PROCESSES TO SUPPORT MARKET GROWTH             96

9.6         OIL & GAS          98

9.6.1      INCREASED DEMAND FOR WELL STIMULATION AND ACIDIZING SERVICES TO DRIVE MARKET   98

9.7         CHEMICAL        99

9.7.1      TECHNOLOGICAL ADVANCEMENTS IN CHEMICAL SYNTHESIS AND PRODUCTION PROCESSES TO BOOST DEMAND             99

9.8         OTHER END-USE INDUSTRIES  100

10          HYDROCHLORIC ACID MARKET, BY REGION     102

10.1       INTRODUCTION            103

10.2       ASIA PACIFIC    104

10.2.1    RECESSION IMPACT      105

10.2.2    CHINA  109

10.2.2.1 Strict environmental regulations and rapid urbanization to drive market  109

10.2.3    INDIA   112

10.2.3.1 Growth of food & beverage industry to fuel demand for hydrochloric acid 112

10.2.4    JAPAN  115

10.2.4.1 Surge in automotive and steel production to drive market          115

10.2.5    SOUTH KOREA 118

10.2.5.1 Growth of chemical and pharmaceutical industries to boost demand        118

10.2.6    REST OF ASIA PACIFIC  121

10.3       EUROPE             124

10.3.1    IMPACT OF RECESSION 125

10.3.2    GERMANY         128

10.3.2.1 Advancing circular economy and automotive industry to drive market      128

10.3.3    FRANCE             130

10.3.3.1 Surge in water treatment plants to drive market           130

10.3.4    ITALY   133

10.3.4.1 Diverse industrial uses and stringent regulatory frameworks to drive market              133

10.3.5    UK         135

10.3.5.1 Industrial strength and environmental commitment to boost market        135

10.3.6    SPAIN   138

10.3.6.1 Growth of water treatment and steel industry to drive market    138

10.3.7    REST OF EUROPE           141

10.4       MIDDLE EAST & AFRICA             143

10.4.1    RECESSION IMPACT      144

10.4.2    GCC COUNTRIES           147

10.4.2.1 Saudi Arabia        148

10.4.2.1.1            Saudi Vision 2030 to play a crucial role in driving market           148

10.4.2.2 UAE      150

10.4.2.2.1            Rising demand for steel in construction and manufacturing activities to drive market        150

10.4.2.3 Rest of GCC countries       153

10.4.3    SOUTH AFRICA 156

10.4.3.1 Mining Charter and Mineral Beneficiation Strategy to support market growth              156

10.4.4    IRAN     159

10.4.4.1 Growth of mining and oil & gas industries to drive market         159

10.4.5    MOROCCO        162

10.4.5.1 Increasing investments in water treatment infrastructure and industrial growth to boost market        162

10.4.6    REST OF MIDDLE EAST & AFRICA           165

10.5       NORTH AMERICA          168

10.5.1    IMPACT OF RECESSION 168

10.5.2    US         172

10.5.2.1 Rise in construction activities to drive market 172

10.5.3    CANADA            175

10.5.3.1 Expansion of food & beverage industry to propel market            175

10.5.4    MEXICO             178

10.5.4.1 Growth of pharmaceutical industry to drive market      178

10.6       SOUTH AMERICA           181

10.6.1    IMPACT OF RECESSION 182

10.6.2    BRAZIL 185

10.6.2.1 Growth of construction sector to drive market             185

10.6.3    ARGENTINA      187

10.6.3.1 Expansion of mining industry to drive market 187

10.6.4    REST OF SOUTH AMERICA         190

11          COMPETITIVE LANDSCAPE       194

11.1       OVERVIEW        194

11.2       KEY PLAYER STRATEGIES          194

11.3       REVENUE ANALYSIS OF KEY PLAYERS   195

11.4       MARKET SHARE ANALYSIS         195

11.4.1    MARKET RANKING ANALYSIS   197

11.5       COMPANY VALUATION AND FINANCIAL METRICS        198

11.6       PRODUCT/BRAND COMPARISON ANALYSIS      200

11.7       COMPANY EVALUATION MATRIX, KEY PLAYERS            201

11.7.1    STARS  201

11.7.2    EMERGING LEADERS    201

11.7.3    PERVASIVE PLAYERS     201

11.7.4    PARTICIPANTS 201

11.7.5    COMPANY FOOTPRINT: KEY PLAYERS, 2023      203

11.7.5.1 Company footprint            203

11.7.5.2 Grade footprint   203

11.7.5.3 Application footprint         204

11.7.5.4 End-use industry footprint 204

11.7.5.5 Region footprint  205

11.8       COMPANY EVALUATION MATRIX, STARTUPS/SMES      205

11.8.1    PROGRESSIVE COMPANIES       205

11.8.2    RESPONSIVE COMPANIES          206

11.8.3    DYNAMIC COMPANIES 206

11.8.4    STARTING BLOCKS       206

11.8.5    COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023             207

11.9       COMPETITIVE SCENARIO          209

11.9.1    DEALS  209

11.9.2    EXPANSIONS    209

11.9.3    OTHER DEVELOPMENTS           209

12          COMPANY PROFILES    210

12.1       KEY PLAYERS   210

12.1.1    BASF SE              210

12.1.1.1 Business overview 210

12.1.1.2 Products/Solutions/Services offered 211

12.1.1.3 Recent developments         212

12.1.1.4 MnM view           213

12.1.1.4.1            Right to win         213

12.1.1.4.2            Strategic choices  213

12.1.1.4.3            Weaknesses & competitive threats   213

12.1.2    COVESTRO AG 214

12.1.2.1 Business overview 214

12.1.2.2 Products/Solutions/Services offered 215

12.1.2.3 MnM view           216

12.1.2.3.1            Right to win         216

12.1.2.3.2            Strategic choices  216

12.1.2.3.3            Weaknesses & competitive threats   216

12.1.3    OLIN CORPORATION    217

12.1.3.1 Business overview 217

12.1.3.2 Products/Solutions/Services offered 218

12.1.3.3 Recent developments         219

12.1.3.4 MnM view           219

12.1.3.4.1            Right to win         219

12.1.3.4.2            Strategic choices  220

12.1.3.4.3            Weaknesses & competitive threats   220

12.1.4    WESTLAKE CORPORATION       221

12.1.4.1 Business overview 221

12.1.4.2 Products/Solutions/Services offered 222

12.1.4.3 Recent developments         223

12.1.4.4 MnM view           223

12.1.4.4.1            Right to win         223

12.1.4.4.2            Strategic choices  223

12.1.4.4.3            Weaknesses & competitive threats   223

12.1.5    OCCIDENTAL PETROLEUM CORPORATION      224

12.1.5.1 Business overview 224

12.1.5.2 Products/Solutions/Services offered 225

12.1.5.3 MnM view           226

12.1.5.3.1            Right to win         226

12.1.5.3.2            Strategic choices  226

12.1.5.3.3            Weaknesses & competitive threats   226

12.1.6    FORMOSA PLASTICS CORPORATION    227

12.1.6.1 Business overview 227

12.1.6.2 Products/Solutions/Services offered 228

12.1.6.3 MnM view           229

12.1.7    TATA CHEMICALS LIMITED      230

12.1.7.1 Business overview 230

12.1.7.2 Products/Solutions/Services offered 231

12.1.7.3 Recent developments         232

12.1.7.4 MnM view           232

12.1.7.4.1            Right to win         232

12.1.7.4.2            Strategic choices  232

12.1.7.4.3            Weaknesses and competitive threats 232

12.1.8    AGC INC.            233

12.1.8.1 Business overview 233

12.1.8.2 Products/Solutions/Services offered 234

12.1.8.3 MnM view           235

12.1.9    ERCO WORLDWIDE       236

12.1.9.1 Business overview 236

12.1.9.2 Products/Solutions/Services offered 236

12.1.9.3 MnM view           236

12.1.10  DETREX CORPORATION            237

12.1.10.1             Business overview 237

12.1.10.2             Products/Solutions/Services Offered             237

12.1.10.3             MnM view           237

12.2       OTHER PLAYERS           238

12.2.1    AURORA FINE CHEMICALS        238

12.2.2    ZOUPING DONGFANG CHEMICAL INDUSTRY CO., LTD.             238

12.2.3    ACURO ORGANICS LIMITED     239

12.2.4    MAXWELL ADDITIVES PVT. LTD.           240

12.2.5    CHEMTEX SPECIALITY LIMITED            240

12.2.6    POLYSCIENCES INC.      241

12.2.7    INEOS KOH       241

12.2.8    NOURYON         242

12.2.9    CONTINENTAL CHEMICAL USA 243

12.2.10  JONES-HAMILTON CO. 243

12.2.11  TRONOX HOLDINGS PLC           244

12.2.12  KUHLMANN EUROPE    244

12.2.13  PCC GROUP      245

12.2.14  HAWKINS          245

12.2.15  HYDRITE CHEMICAL    246

13          ADJACENT & RELATED MARKET            247

13.1       INTRODUCTION            247

13.2       LIMITATIONS   247

13.2.1    POLYLACTIC ACID MARKET     247

13.2.1.1 Market definition 247

13.2.1.2 Polylactic acid market, by raw material          247

13.2.1.3 Polylactic acid market, by application            248

13.2.1.4 Polylactic acid market, by end-use industry    249

13.2.1.5 Polylactic acid market, by grade       251

13.2.1.6 Polylactic acid market, by region      252

13.2.2    GLYCOLIC ACID MARKET          254

13.2.2.1 Market definition 254

13.2.2.2 Glycolic acid market, by purity         254

13.2.2.3 Glycolic acid market, by grade         254

13.2.2.4 Glycolic acid market, by application 256

13.2.2.5 Glycolic acid market, by region        257

14          APPENDIX         259

14.1       DISCUSSION GUIDE      259

14.2       KNOWLEDGESTORE: MARKETSANDMARKETS’  SUBSCRIPTION PORTAL             261

14.3       CUSTOMIZATION OPTIONS      263

14.4       RELATED REPORTS       263

14.5       AUTHOR DETAILS         264

LIST OF TABLES

TABLE 1             HYDROCHLORIC ACID MARKET: PORTER’S FIVE FORCES ANALYSIS          53

TABLE 2             WORLD GDP GROWTH PROJECTION, 2019–2026 (USD BILLION)              57

TABLE 3             AVERAGE TARIFF, BY COUNTRY             60

TABLE 4             NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         61

TABLE 5             EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62

TABLE 6             ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         62

TABLE 7             MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         63

TABLE 8             SOUTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         63

TABLE 9             OLIN CORPORATION ADOPTED ADVANCED MEMBRANE CELL TECHNOLOGY IN CHEMICAL MANUFACTURING           64

TABLE 10           WESTLAKE CHEMICAL UTILIZED HYDROCHLORIC ACID IN PVC PRODUCTION        64

TABLE 11           BASF INCREASED CONSUMPTION OF HYDROCHLORIC ACID IN ENVIRONMENTAL APPLICATIONS    65

TABLE 12           HYDROCHLORIC ACID MARKET: KEY CONFERENCES & EVENTS, 2024–2025        66

TABLE 13           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES (%) 67

TABLE 14           KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES              67

TABLE 15           HYDROCHLORIC ACID MARKET ECOSYSTEM   68

TABLE 16           PATENTS IN HYDROCHLORIC ACID MARKET, 2022–2023              70

TABLE 17           AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY GRADE (USD/TON)       73

TABLE 18           AVERAGE SELLING PRICE TREND OF KEY PLAYERS, SYNTHETIC GRADE,

BY REGION, 2023–2029 (USD/TON)         73

TABLE 19           AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY-PRODUCT GRADE,

BY REGION, 2023–2029 (USD/TON)         74

TABLE 20           HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION)          76

TABLE 21           HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       76

TABLE 22           SYNTHETIC GRADE: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          77

TABLE 23           SYNTHETIC GRADE: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   78

TABLE 24           BY-PRODUCT GRADE: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          79

TABLE 25           BY-PRODUCT GRADE: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   79

TABLE 26           HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (USD MILLION) 81

TABLE 27           HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)       82

TABLE 28           STEEL PICKLING: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          82

TABLE 29           STEEL PICKLING: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   83

TABLE 30           OIL WELL ACIDIZING: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          83

TABLE 31           OIL WELL ACIDIZING: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   84

TABLE 32           ORE PROCESSING: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          84

TABLE 33           ORE PROCESSING: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   85

TABLE 34           FOOD PROCESSING: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          85

TABLE 35           FOOD PROCESSING: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   86

TABLE 36           POOL SANITATION: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          86

TABLE 37           POOL SANITATION: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   87

TABLE 38           CALCIUM CHLORIDE: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          87

TABLE 39           CALCIUM CHLORIDE: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   88

TABLE 40           BIODIESEL: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          88

TABLE 41           BIODIESEL: HYDROCHLORIC ACID MARKET, BY REGION, 2020–2029 (KILOTON)             89

TABLE 42           OTHER APPLICATIONS: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          89

TABLE 43           OTHER APPLICATIONS: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   90

TABLE 44           HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          93

TABLE 45           HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY, 2020–2029 (KILOTON)             93

TABLE 46           FOOD & BEVERAGE: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          94

TABLE 47           FOOD & BEVERAGE: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   94

TABLE 48           PHARMACEUTICAL: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          95

TABLE 49           PHARMACEUTICAL: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   95

TABLE 50           TEXTILE: HYDROCHLORIC ACID MARKET, BY REGION, 2020–2029 (USD MILLION)     96

TABLE 51           TEXTILE: HYDROCHLORIC ACID MARKET, BY REGION, 2020–2029 (KILOTON)             96

TABLE 52           STEEL: HYDROCHLORIC ACID MARKET, BY REGION, 2020–2029 (USD MILLION) 97

TABLE 53           STEEL: HYDROCHLORIC ACID MARKET, BY REGION, 2020–2029 (KILOTON)       97

TABLE 54           OIL & GAS: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          98

TABLE 55           OIL & GAS: HYDROCHLORIC ACID MARKET, BY REGION, 2020–2029 (KILOTON)             99

TABLE 56           CHEMICAL: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          100

TABLE 57           CHEMICAL: HYDROCHLORIC ACID MARKET, BY REGION, 2020–2029 (KILOTON)             100

TABLE 58           OTHER END-USE INDUSTRIES: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (USD MILLION)          101

TABLE 59           OTHER END-USE INDUSTRIES: HYDROCHLORIC ACID MARKET, BY REGION,

2020–2029 (KILOTON)   101

TABLE 60           HYDROCHLORIC ACID MARKET, BY REGION, 2020–2029 (USD MILLION)          104

TABLE 61           HYDROCHLORIC ACID MARKET, BY REGION 2020–2029 (KILOTON)       104

TABLE 62           ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY COUNTRY,

2020–2029 (USD MILLION)          106

TABLE 63           ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY COUNTRY,

2020–2029 (KILOTON)   106

TABLE 64           ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          106

TABLE 65           ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)   107

TABLE 66           ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          107

TABLE 67           ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   108

TABLE 68           ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          108

TABLE 69           ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   109

TABLE 70           CHINA: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION) 110

TABLE 71           CHINA: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       110

TABLE 72           CHINA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          110

TABLE 73           CHINA: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)   111

TABLE 74           CHINA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          111

TABLE 75           CHINA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   112

TABLE 76           INDIA: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION) 113

TABLE 77           INDIA: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       113

TABLE 78           INDIA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          113

TABLE 79           INDIA: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)   114

TABLE 80           INDIA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          114

TABLE 81           INDIA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   115

TABLE 82           JAPAN: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION) 116

TABLE 83           JAPAN: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       116

TABLE 84           JAPAN: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          116

TABLE 85           JAPAN: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)   117

TABLE 86           JAPAN: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          117

TABLE 87           JAPAN: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   118

TABLE 88           SOUTH KOREA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          119

TABLE 89           SOUTH KOREA: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)   119

TABLE 90           SOUTH KOREA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          119

TABLE 91           SOUTH KOREA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   120

TABLE 92           SOUTH KOREA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          120

TABLE 93           SOUTH KOREA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   121

TABLE 94           REST OF ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          121

TABLE 95           REST OF ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (KILOTON)   122

TABLE 96           REST OF ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          122

TABLE 97           REST OF ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   123

TABLE 98           REST OF ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,  2020–2029 (USD MILLION)           123

TABLE 99           REST OF ASIA PACIFIC: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,  2020–2029 (KILOTON)    124

TABLE 100         EUROPE: HYDROCHLORIC ACID MARKET, BY COUNTRY,

2020–2029 (USD MILLION)          125

TABLE 101         EUROPE: HYDROCHLORIC ACID MARKET, BY COUNTRY, 2020–2029 (KILOTON)             125

TABLE 102         EUROPE: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION)     126

TABLE 103         EUROPE: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)             126

TABLE 104         EUROPE: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          126

TABLE 105         EUROPE: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)   127

TABLE 106         EUROPE: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          127

TABLE 107         EUROPE: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   128

TABLE 108         GERMANY: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION)     128

TABLE 109         GERMANY: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)             129

TABLE 110         GERMANY: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          129

TABLE 111         GERMANY: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   129

TABLE 112         GERMANY: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          130

TABLE 113         GERMANY: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON) 130

TABLE 114         FRANCE: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION)     131

TABLE 115         FRANCE: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)             131

TABLE 116         FRANCE: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          131

TABLE 117         FRANCE: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)   132

TABLE 118         FRANCE: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          132

TABLE 119         FRANCE: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   133

TABLE 120         ITALY: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION) 133

TABLE 121         ITALY: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       134

TABLE 122         ITALY: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          134

TABLE 123         ITALY: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)   134

TABLE 124         ITALY: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          135

TABLE 125         ITALY: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   135

TABLE 126         UK: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION) 136

TABLE 127         UK: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       136

TABLE 128         UK: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (USD MILLION)     137

TABLE 129         UK: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)             137

TABLE 130         UK: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          138

TABLE 131         UK: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   138

TABLE 132         SPAIN: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION) 139

TABLE 133         SPAIN: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       139

TABLE 134         SPAIN: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          139

TABLE 135         SPAIN: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)   140

TABLE 136         SPAIN: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          140

TABLE 137         SPAIN: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON) 141

TABLE 138         REST OF EUROPE: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          141

TABLE 139         REST OF EUROPE: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (KILOTON)   142

TABLE 140         REST OF EUROPE: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          142

TABLE 141         REST OF EUROPE: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   142

TABLE 142         REST OF EUROPE: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          143

TABLE 143         REST OF EUROPE: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   143

TABLE 144         MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY COUNTRY,

2020–2029 (USD MILLION)          144

TABLE 145         MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY COUNTRY,

2020–2029 (KILOTON)   145

TABLE 146         MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          145

TABLE 147         MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (KILOTON)   145

TABLE 148         MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          146

TABLE 149         MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   146

TABLE 150         MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,  2020–2029 (USD MILLION)           147

TABLE 151         MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,  2020–2029 (KILOTON)    147

TABLE 152         SAUDI ARABIA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          148

TABLE 153         SAUDI ARABIA: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)   148

TABLE 154         SAUDI ARABIA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          149

TABLE 155         SAUDI ARABIA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   149

TABLE 156         SAUDI ARABIA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          150

TABLE 157         SAUDI ARABIA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   150

TABLE 158         UAE: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION) 151

TABLE 159         UAE: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       151

TABLE 160         UAE: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (USD MILLION)     152

TABLE 161         UAE: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)             152

TABLE 162         UAE: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          153

TABLE 163         UAE: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   153

TABLE 164         REST OF GCC COUNTRIES: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          154

TABLE 165         REST OF GCC COUNTRIES: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (KILOTON)   154

TABLE 166         REST OF GCC COUNTRIES: HYDROCHLORIC ACID MARKET, BY APPLICATION,  2020–2029 (USD MILLION)        155

TABLE 167         REST OF GCC COUNTRIES: HYDROCHLORIC ACID MARKET, BY APPLICATION,  2020–2029 (KILOTON)  155

TABLE 168         REST OF GCC COUNTRIES: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY, 2020–2029 (USD MILLION) 156

TABLE 169         REST OF GCC COUNTRIES: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY, 2020–2029 (KILOTON)       156

TABLE 170         SOUTH AFRICA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          157

TABLE 171         SOUTH AFRICA: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)   157

TABLE 172         SOUTH AFRICA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          158

TABLE 173         SOUTH AFRICA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   158

TABLE 174         SOUTH AFRICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          159

TABLE 175         SOUTH AFRICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   159

TABLE 176         IRAN: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION) 160

TABLE 177         IRAN: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       160

TABLE 178         IRAN: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          160

TABLE 179         IRAN: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)             161

TABLE 180        IRAN: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          161

TABLE 181        IRAN: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   162

TABLE 182         MOROCCO: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION)     163

TABLE 183         MOROCCO: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)             163

TABLE 184        MOROCCO: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          163

TABLE 185        MOROCCO: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   164

TABLE 186         MOROCCO: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          164

TABLE 187         MOROCCO: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   165

TABLE 188         REST OF MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY GRADE,  2020–2029 (USD MILLION)           165

TABLE 189         REST OF MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY GRADE,  2020–2029 (KILOTON)     166

TABLE 190         REST OF MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (USD MILLION)  166

TABLE 191         REST OF MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)         167

TABLE 192         REST OF MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY, 2020–2029 (USD MILLION)     167

TABLE 193         REST OF MIDDLE EAST & AFRICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY, 2020–2029 (KILOTON)            168

TABLE 194         NORTH AMERICA: HYDROCHLORIC ACID MARKET, BY COUNTRY,

2020–2029 (USD MILLION)          169

TABLE 195         NORTH AMERICA: HYDROCHLORIC ACID MARKET, BY COUNTRY,

2020–2029 (KILOTON)   170

TABLE 196         NORTH AMERICA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          170

TABLE 197         NORTH AMERICA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (KILOTON)   170

TABLE 198         NORTH AMERICA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          171

TABLE 199         NORTH AMERICA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   171

TABLE 200         NORTH AMERICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          172

TABLE 201         NORTH AMERICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   172

TABLE 202         US: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION) 173

TABLE 203         US: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       173

TABLE 204         US: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (USD MILLION)     174

TABLE 205         US: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)             174

TABLE 206         US: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          175

TABLE 207         US: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   175

TABLE 208         CANADA: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION)     176

TABLE 209         CANADA: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)             176

TABLE 210         CANADA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          177

TABLE 211         CANADA: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)   177

TABLE 212         CANADA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          178

TABLE 213         CANADA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   178

TABLE 214         MEXICO: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION)     179

TABLE 215         MEXICO: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)             179

TABLE 216         MEXICO: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          180

TABLE 217         MEXICO: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)   180

TABLE 218         MEXICO: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)        181

TABLE 219         MEXICO: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON) 181

TABLE 220         SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY COUNTRY,

2020–2029 (USD MILLION)          182

TABLE 221         SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY COUNTRY,

2020–2029 (KILOTON) 182

TABLE 222         SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          183

TABLE 223         SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (KILOTON)   183

TABLE 224         SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          183

TABLE 225         SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON) 184

TABLE 226         SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          184

TABLE 227         SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   185

TABLE 228         BRAZIL: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (USD MILLION) 185

TABLE 229         BRAZIL: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)       186

TABLE 230         BRAZIL: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          186

TABLE 231         BRAZIL: HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2029 (KILOTON)   186

TABLE 232         BRAZIL: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)          187

TABLE 233         BRAZIL: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   187

TABLE 234         ARGENTINA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          188

TABLE 235         ARGENTINA: HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2029 (KILOTON)   188

TABLE 236         ARGENTINA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (USD MILLION)          188

TABLE 237         ARGENTINA: HYDROCHLORIC ACID MARKET, BY APPLICATION,

2020–2029 (KILOTON)   189

TABLE 238         ARGENTINA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (USD MILLION)        189

TABLE 239         ARGENTINA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2029 (KILOTON)   190

TABLE 240         REST OF SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (USD MILLION)          190

TABLE 241         REST OF SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY GRADE,

2020–2029 (KILOTON)   191

TABLE 242         REST OF SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY APPLICATION,  2020–2029 (USD MILLION)   191

TABLE 243         REST OF SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY APPLICATION,  2020–2029 (KILOTON)          192

TABLE 244         REST OF SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY, 2020–2029 (USD MILLION)        192

TABLE 245         REST OF SOUTH AMERICA: HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY, 2020–2029 (KILOTON) 193

TABLE 246         OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN HYDROCHLORIC ACID MARKET             194

TABLE 247         HYDROCHLORIC ACID MARKET: DEGREE OF COMPETITION              196

TABLE 248         HYDROCHLORIC ACID MARKET: GRADE FOOTPRINT (10 COMPANIES)    203

TABLE 249         HYDROCHLORIC ACID MARKET: APPLICATION FOOTPRINT (10 COMPANIES)            204

TABLE 250         HYDROCHLORIC ACID MARKET: END-USE INDUSTRY FOOTPRINT (10 COMPANIES)   204

TABLE 251         HYDROCHLORIC ACID MARKET: REGION FOOTPRINT (10 COMPANIES)    205

TABLE 252         HYDROCHLORIC ACID MARKET: KEY STARTUPS/SMES 207

TABLE 253         HYDROCHLORIC ACID MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES (15 COMPANIES)     208

TABLE 254         HYDROCHLORIC ACID MARKET: DEALS, JANUARY 2018–MAY 2024      209

TABLE 255         HYDROCHLORIC ACID MARKET: EXPANSIONS, JANUARY 2018–MAY 2024           209

TABLE 256         HYDROCHLORIC ACID MARKET: OTHER DEVELOPMENTS,

JANUARY 2018–MAY 2024          209

TABLE 257         BASF SE: COMPANY OVERVIEW 210

TABLE 258         BASF SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 211

TABLE 259         BASF SE: OTHER DEVELOPMENTS, JANUARY 2018−MAY 2024              212

TABLE 260         COVESTRO AG: COMPANY OVERVIEW  214

TABLE 261         COVESTRO AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED              215

TABLE 262         OLIN CORPORATION: COMPANY OVERVIEW    217

TABLE 263         OLIN CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          218

TABLE 264         OLIN CORPORATION: DEALS, JANUARY 2018−MAY 2024              219

TABLE 265         WESTLAKE CORPORATION: COMPANY OVERVIEW        221

TABLE 266         WESTLAKE CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   222

TABLE 267         WESTLAKE CORPORATION: DEALS, JANUARY 2018−MAY 2024              223

TABLE 268         WESTLAKE CORPORATION: EXPANSIONS, JANUARY 2018−MAY 2024 223

TABLE 269         OCCIDENTAL PETROLEUM CORPORATION: COMPANY OVERVIEW        224

TABLE 270         OCCIDENTAL PETROLEUM CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   225

TABLE 271         FORMOSA PLASTICS CORPORATION: COMPANY OVERVIEW              227

TABLE 272         FORMOSA PLASTICS CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED   228

TABLE 273         TATA CHEMICALS LIMITED: COMPANY OVERVIEW       230

TABLE 274         TATA CHEMICALS LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED   231

TABLE 275         TATA CHEMICAL LIMITED: DEALS, JANUARY 2018–APRIL 2024              232

TABLE 276         AGC INC.: COMPANY OVERVIEW            233

TABLE 277         AGC INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED              234

TABLE 278         ERCO WORLDWIDE: COMPANY OVERVIEW       236

TABLE 279         ERCO WORLDWIDE: PRODUCTS/SOLUTIONS/SERVICES OFFERED          236

TABLE 280         DETREX CORPORATION: COMPANY OVERVIEW             237

TABLE 281         DETREX CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED          237

TABLE 282         AURORA FINE CHEMICALS: COMPANY OVERVIEW         238

TABLE 283         ZOUPING DONGFANG CHEMICAL INDUSTRY CO., LTD.: COMPANY OVERVIEW  238

TABLE 284         ACURO ORGANICS LIMITED: COMPANY OVERVIEW      239

TABLE 285         MAXWELL ADDITIVES PVT. LTD.: COMPANY OVERVIEW              240

TABLE 286         CHEMTEX SPECIALITY LIMITED: COMPANY OVERVIEW              240

TABLE 287         POLYSCIENCES INC.: COMPANY OVERVIEW      241

TABLE 288         INEOS KOH: COMPANY OVERVIEW        241

TABLE 289         NOURYON: COMPANY OVERVIEW         242

TABLE 290         CONTINENTAL CHEMICAL USA: COMPANY OVERVIEW 243

TABLE 291         JONES-HAMILTON CO.: COMPANY OVERVIEW  243

TABLE 292         TRONOX HOLDINGS PLC: COMPANY OVERVIEW           244

TABLE 293         KUHLMANN EUROPE: COMPANY OVERVIEW    244

TABLE 294         PCC GROUP: COMPANY OVERVIEW       245

TABLE 295         HAWKINS: COMPANY OVERVIEW           245

TABLE 296         HYDRITE CHEMICAL: COMPANY OVERVIEW     246

TABLE 297         POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (USD MILLION)          248

TABLE 298         POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (USD MILLION)          248

TABLE 299         POLYLACTIC ACID MARKET, BY APPLICATION, 2019–2022 (KILOTON)       248

TABLE 300         POLYLACTIC ACID MARKET, BY APPLICATION, 2023–2028 (KILOTON)       249

TABLE 301         POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (USD MILLION)     249

TABLE 302         POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (USD MILLION)     250

TABLE 303         POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2019–2022 (KILOTON)             250

TABLE 304         POLYLACTIC ACID MARKET, BY END-USE INDUSTRY, 2023–2028 (KILOTON)             250

TABLE 305         POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (USD MILLION)          251

TABLE 306         POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (USD MILLION)          251

TABLE 307         POLYLACTIC ACID MARKET, BY GRADE, 2019–2022 (KILOTON)              252

TABLE 308         POLYLACTIC ACID MARKET, BY GRADE, 2023–2028 (KILOTON)              252

TABLE 309         POLYLACTIC ACID MARKET, BY REGION, 2019–2022 (USD MILLION)          253

TABLE 310         POLYLACTIC ACID MARKET, BY REGION, 2023–2028 (USD MILLION)          253

TABLE 311         POLYLACTIC ACID MARKET, BY REGION, 2019–2022 (KILOTON)       254

TABLE 312         POLYLACTIC ACID MARKET, BY REGION, 2023–2028 (KILOTON)       254

TABLE 313         GLYCOLIC ACID MARKET, BY GRADE, 2016–2019 (USD MILLION)          255

TABLE 314         GLYCOLIC ACID MARKET, BY GRADE, 2016–2019 (KILOTON)              255

TABLE 315         GLYCOLIC ACID MARKET, BY GRADE, 2020–2027 (USD MILLION)          255

TABLE 316         GLYCOLIC ACID MARKET, BY GRADE, 2020–2027 (KILOTON)              255

TABLE 317         GLYCOLIC ACID MARKET, BY APPLICATION, 2016–2019 (USD MILLION)          256

TABLE 318         GLYCOLIC ACID MARKET, BY APPLICATION, 2016–2019 (KILOTON)       256

TABLE 319         GLYCOLIC ACID MARKET, BY APPLICATION, 2020–2027 (USD MILLION)          256

TABLE 320         GLYCOLIC ACID MARKET, BY APPLICATION, 2020–2027 (KILOTON)       257

TABLE 321         GLYCOLIC ACID MARKET, BY REGION, 2020–2027 (USD MILLION)          257

TABLE 322         GLYCOLIC ACID MARKET, BY REGION, 2020–2027 (KILOTON)              258

LIST OF FIGURES

FIGURE 1           HYDROCHLORIC ACID MARKET SEGMENTATION          27

FIGURE 2           HYDROCHLORIC ACID MARKET: RESEARCH DESIGN     31

FIGURE 3           MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH       35

FIGURE 4           MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH       36

FIGURE 5           APPROACH: BASED ON PRODUCTION OF HYDROCHLORIC ACID IN CHINA 36

FIGURE 6           HYDROCHLORIC ACID MARKET: DATA TRIANGULATION              37

FIGURE 7           SYNTHETIC GRADE SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD     41

FIGURE 8           FOOD PROCESSING SEGMENT TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 41

FIGURE 9           FOOD & BEVERAGE TO BE LARGEST END-USE INDUSTRY OF HYDROCHLORIC ACID 42

FIGURE 10         ASIA PACIFIC TO LEAD HYDROCHLORIC ACID MARKET DURING FORECAST PERIOD     43

FIGURE 11         EMERGING ECONOMIES OFFER ATTRACTIVE OPPORTUNITIES IN HYDROCHLORIC ACID MARKET    44

FIGURE 12         CHINA DOMINATED HYDROCHLORIC ACID MARKET IN 2023              44

FIGURE 13         SYNTHETIC GRADE SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD     45

FIGURE 14         FOOD PROCESSING TO RECORD HIGHER GROWTH DURING FORECAST PERIOD       45

FIGURE 15         FOOD & BEVERAGE SEGMENT TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD      46

FIGURE 16         CHINA PROJECTED TO GROW AT HIGHEST CAGR FROM 2024 TO 2029              46

FIGURE 17         HYDROCHLORIC ACID MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES    47

FIGURE 18         HYDROCHLORIC ACID MARKET: PORTER’S FIVE FORCES ANALYSIS          53

FIGURE 19         HYDROCHLORIC ACID: VALUE CHAIN ANALYSIS           55

FIGURE 20         EXPORT OF 280610 HYDROGEN CHLORIDE “HYDROCHLORIC ACID,” BY KEY COUNTRY, 2019–2023      56

FIGURE 21         IMPORT OF 280610 HYDROGEN CHLORIDE “HYDROCHLORIC ACID,” BY KEY COUNTRY, 2019–2023      57

FIGURE 22         EMERGING TRENDS AND ADVANCEMENTS IN TECHNOLOGY TO CHANGE FUTURE REVENUE MIX OF SUPPLIERS       65

FIGURE 23         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END-USE INDUSTRIES        66

FIGURE 24         KEY BUYING CRITERIA FOR TOP 3 END-USE INDUSTRIES              67

FIGURE 25         HYDROCHLORIC ACID MARKET: ECOSYSTEM MAP       68

FIGURE 26         NUMBER OF PATENTS GRANTED FOR HYDROCHLORIC ACID, 2013–2023          69

FIGURE 27         REGIONAL ANALYSIS OF PATENTS GRANTED FOR HYDROCHLORIC ACID,

2013–2023          70

FIGURE 28         HYDROCHLORIC ACID MARKET: AVERAGE SELLING PRICE, SYNTHETIC GRADE,

BY REGION (USD/TON) 73

FIGURE 29         HYDROCHLORIC ACID MARKET: AVERAGE SELLING PRICE, BY-PRODUCT GRADE,

BY REGION (USD/TON) 74

FIGURE 30         INVESTOR DEALS AND FUNDING IN HYDROCHLORIC ACID SOARED IN 2022             74

FIGURE 31         BY-PRODUCT GRADE TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD      76

FIGURE 32         FOOD PROCESSING BE LARGEST APPLICATION IN HYDROCHLORIC ACID MARKET             81

FIGURE 33         FOOD AND BEVERAGES TO BE LARGEST END USER IN HYDROCHLORIC ACID MARKET             92

FIGURE 34        HYDROCHLORIC ACID MARKET GROWTH RATE, BY COUNTRY, 2024–2029          103

FIGURE 35         ASIA PACIFIC: HYDROCHLORIC ACID MARKET SNAPSHOT              105

FIGURE 36         NORTH AMERICA: HYDROCHLORIC ACID MARKET SNAPSHOT              169

FIGURE 37         REVENUE ANALYSIS OF KEY COMPANIES IN LAST FIVE YEARS              195

FIGURE 38         HYDROCHLORIC ACID MARKET: MARKET SHARE ANALYSIS              196

FIGURE 39         RANKING OF TOP FIVE PLAYERS IN HYDROCHLORIC ACID MARKET            197

FIGURE 40         COMPANY VALUATION (USD BILLION) 199

FIGURE 41         FINANCIAL MATRIX: EV/EBITDA RATIO             199

FIGURE 42         HYDROCHLORIC ACID MARKET: PRODUCT COMPARISON              200

FIGURE 43         HYDROCHLORIC ACID MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2023   202

FIGURE 44         HYDROCHLORIC ACID MARKET: COMPANY FOOTPRINT (10 COMPANIES)    203

FIGURE 45         HYDROCHLORIC ACID MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2023           206

FIGURE 46         BASF SE: COMPANY SNAPSHOT 211

FIGURE 47         COVESTRO AG: COMPANY SNAPSHOT 215

FIGURE 48         OLIN CORPORATION: COMPANY SNAPSHOT    218

FIGURE 49         WESTLAKE CORPORATION: COMPANY SNAPSHOT        222

FIGURE 50         OCCIDENTAL PETROLEUM CORPORATION: COMPANY SNAPSHOT        225

FIGURE 51         FORMOSA PLASTICS CORPORATION: COMPANY SNAPSHOT              228

FIGURE 52         TATA CHEMICALS LIMITED: COMPANY SNAPSHOT       231

FIGURE 53         AGC INC.: COMPANY SNAPSHOT            234