塩酸電気分解市場 – 2030年までの世界予測

Hydrochloric Acid Electrolysis Market - Global Forecast To 2030

塩酸電気分解市場 - 技術(膜技術、ダイヤフラム技術)、用途(ポリウレタン産業(MDI/TDI)、PVC製造または塩素化、フュームドシリカ製造、農薬、その他の用途)、および地域別 - 2030年までの世界予測
Hydrochloric Acid Electrolysis Market by Technology (Membrane Technology, Diaphragm Technology), Application (Polyurethane Industry (MDI/TDI), PVC Production or Chlorination, Fumed Silica Production, Agrochemical, Other Applications), and Region - Global Forecast to 2030

商品番号 : SMB-85967

出版社MarketsandMarkets
出版年月2025年8月
ページ数137
図表数122
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

本調査レポートは、塩酸電気分解市場を技術(膜技術およびダイヤフラム技術)、用途(ポリウレタン産業(MDI/TDI)、PVC製造または塩素化、フュームドシリカ製造、農薬、その他の用途)、および地域(アジア太平洋、北米、欧州、南米、中東およびアフリカ)に基づいて分類しています。レポートは、塩酸電気分解市場の成長に影響を与える推進要因、制約、課題、機会に関する詳細な情報を網羅しています。主要業界プレーヤーの詳細な分析により、塩酸電解市場に関連する事業概要、提供製品、および提携や事業拡大などの主要戦略に関する洞察を提供しています。

本レポートは、市場リーダー/新規参入企業に対し、塩酸電気分解市場全体および各サブセグメントの収益数値に関する近似値を提供します。本レポートは、ステークホルダーが競争環境を理解し、事業のポジショニングを改善するための洞察を深め、適切な市場開拓戦略を策定するのに役立ちます。また、ステークホルダーが市場の動向を把握し、主要な市場牽引要因、制約要因、課題、そして機会に関する情報を提供するのに役立ちます。

塩酸電気分解市場は、2025年の8億6,590万米ドルから2030年には10億940万米ドルに達し、予測期間中に3.1%のCAGRで成長すると予想されています。この継続的な成長は、化学物質の持続可能な生産、塩酸の副産物である塩素と水素の回収のリサイクルと再利用、そして多くの国が段階的に廃止している水銀ベースの電解など、環境に有害なプロセスの再利用に対する関心の高まりに起因しています。ポリウレタン(MDI / TDI)、PVC、特殊化学品業界では、効率を高め、廃棄物を最小限に抑え、より厳しい環境規制を満たすために、プロセスにHCL電解システムを採用しています。特に膜および隔膜ベースの電解システムでは、技術の導入がより経済的になりつつあり、その適用範囲はより広範な用途と地域をカバーするように拡大しています。

The hydrochloric acid electrolysis market is expected to reach USD 1,009.4 million by 2030 from USD 865.9 million in 2025, at a CAGR of 3.1% during the forecast period. This continuous growth is attributed to the rising interest in sustainable production of chemicals, recycling and reuse of both chlorine and hydrogen recovery as by-products of hydrochloric acid, and the reuse of other environmentally harmful processes, such as mercury-based electrolysis, which most countries are phasing out. Polyurethane (MDI/TDI), PVC, and specialty chemicals industries are adopting HCL electrolysis systems in their processes to enhance efficiency, minimize waste, and meet tougher environmental regulations. Even the adoption of technology is becoming more economical, especially in membrane and diaphragm-based electrolysis systems, and its applicability has increased in scope to cover a broader spectrum of applications and geographies.

塩酸電気分解市場 - 2030年までの世界予測 - chosareport.com
hydrochloric-acid-electrolysis-market-Overview

“Diaphragm technology to be second fastest-growing segment in hydrochloric acid electrolysis market”

The second-fastest growing technology in the hydrochloric acid (HCL) electrolysis market is the diaphragm technology, and its growth is attributed to the inexpensive nature of technology, its availability in the industry, and the ability to facilitate processes that do not require high investments in capital. Although membrane technology is superior in terms of efficiency and environmental concerns, diaphragm cells present a good economic substitute to chemical manufacturers in cases where chlorine and hydrogen do not require the strictest purity and also in those areas where its application is needed. The technology uses the porous diaphragm to separate the anode and the cathode compartments, which do not mix gases, but enables the possibility of ions passing through. Its ease of design, low maintenance demands, and ability to fit on the existing infrastructure make it appealing to small-scale and mid-sized chemical plants that are interested in recovering chlorine in HCL without the high initial investments of the membrane systems. With increased interest in recycling HCL by-products and companies balancing between budget and ability to process large volumes, the use of the diaphragm technology will continue to grow as a viable, cost-effective solution.

“PVC production or chlorination to be second fastest-growing segment in hydrochloric acid electrolysis market”

The second-fastest growing application in the hydrochloric acid (HCL) electrolysis market is PVC production or chlorination, since it forms significant quantities of HCL as a by-product when hydrocarbons, such as ethylene, are chlorinated. With increasing worldwide demand for polyvinyl chloride (PVC) due to the growth in construction and the packaging industry, the generation of HCL is also increasing, which needs adequate, sustainable solutions to deal with and recycle it. Manufacturers can produce high-purity chlorine and hydrogen through HCL electrolysis and recycle the by-product in the upstream chlorination processes, decreasing the cost of raw materials and impacting the environment. Such a closed loop can not only promote operational efficiency but also fit the industry sustainability objectives and regulatory constraints to minimize hazardous waste. As PVC manufacture involves chlorinated processes, and the use of chlorine is holding up well, HCL electrolysis is rapidly growing in this application.

塩酸電気分解市場 - 2030年までの世界予測 - region
hydrochloric-acid-electrolysis-market-Region

“Europe to be second fastest-growing regional market for hydrochloric acid electrolysis”

Europe is the second fastest-growing region of the hydrochloric acid (HCL) electrolysis market owing to a good regulatory framework to ensure sustainable and mercury-free chemical processes, and growing industry commitments to circular economy approaches. The region is rapidly abandoning conventional mercury-based electrolysis as stated at the Minamata Convention and the REACH regulation, which is encouraging a transition toward more cleaner technologies such as membrane-based HCL electrolysis. Major European-based chemical manufacturers are installing electrolysis plants to extract chlorine from HCL waste products, in MDI, TDI, and PVC production, to limit waste, minimize emissions, and boost supply chain security.

  • By Company Type: Tier 1: 25%, Tier 2: 42%, and Tier 3: 33%
  • By Designation: C-level Executives: 20%, Directors: 30%, and Other Designations: 50%
  • By Region: North America: 20%, Europe: 10%, Asia Pacific: 40%, South America: 10%, and Middle East & Africa 20%

Note: Other designations include sales, marketing, and product managers.

Tier 1: >USD 1 billion; Tier 2: USD 500 million–1 billion; and Tier 3: <USD 500 million

Companies Covered: thyssenkrupp nucera (Germany), Industrie De Nora S.p.A. (Italy), Covestro AG (Germany), and Bluestar (Beijing) Chemical Machinery Co., Ltd. (China), among others, are covered in the report.

塩酸電気分解市場 - 2030年までの世界予測 - ecosystem
hydrochloric-acid-electrolysis-market-Ecosystem

The study includes an in-depth competitive analysis of these key players in the hydrochloric acid electrolysis market, with their company profiles, recent developments, and key market strategies.

Research Coverage

This research report categorizes the hydrochloric acid electrolysis market based on technology (membrane technology and diaphragm technology), application (polyurethane Industry (MDI/TDI), PVC production or chlorination, fumed silica production, agrochemical, and other applications), and region (Asia Pacific, North America, Europe, South America, and Middle East & Africa). The report’s scope covers detailed information regarding the drivers, restraints, challenges, and opportunities influencing the growth of the hydrochloric acid electrolysis market. A detailed analysis of the key industry players has been done to provide insights into their business overviews, products offered, and key strategies, such as partnerships and expansions, associated with the hydrochloric acid electrolysis market.

Reasons to Buy the Report

The report will offer the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall hydrochloric acid electrolysis market and the subsegments. This report will help stakeholders understand the competitive landscape, gain more insights into positioning their businesses better, and plan suitable go-to-market strategies. The report will help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (Growing demand for chlorine in downstream industries), restraints (High capital investments), opportunities (Sustainability and circular economy practices), and challenges (Market fragmentation and knowledge gaps).
  • Product Development/Innovation: Detailed insights into upcoming technologies, research & development activities, and product/technology & service launches in the hydrochloric acid electrolysis market.
  • Market Development: Comprehensive information about profitable markets – the report analyzes the hydrochloric acid electrolysis market across varied regions.
  • Market Diversification: Exhaustive information about new products/technologies & services, untapped geographies, recent developments, and investments in the hydrochloric acid electrolysis market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players, such as thyssenkrupp nucera (Germany), Industrie De Nora S.p.A. (Italy), Covestro AG (Germany), and Bluestar (Beijing) Chemical Machinery Co., Ltd. (China).

Table of Contents

1               INTRODUCTION              15

1.1           STUDY OBJECTIVES       15

1.2           MARKET DEFINITION   15

1.3           STUDY SCOPE   16

1.3.1        MARKETS COVERED AND REGIONAL SCOPE      16

1.3.2        INCLUSIONS AND EXCLUSIONS 17

1.3.3        YEARS CONSIDERED      17

1.3.4        CURRENCY CONSIDERED            18

1.3.5        UNITS CONSIDERED      18

1.4           LIMITATIONS    18

1.5           STAKEHOLDERS               18

1.6           SUMMARY OF CHANGES               19

2               RESEARCH METHODOLOGY       20

2.1           RESEARCH DATA              20

2.1.1        SECONDARY DATA          21

2.1.1.1    Key data from secondary sources       21

2.1.1.2    List of secondary sources    21

2.1.2        PRIMARY DATA 22

2.1.2.1    Key primary participants     22

2.1.2.2    Key data from primary sources           22

2.1.2.3    Breakdown of interviews with experts               23

2.1.2.4    Key industry insights           23

2.2           MARKET SIZE ESTIMATION         24

2.2.1        TOP-DOWN APPROACH                24

2.2.2        BOTTOM-UP APPROACH              25

2.3           GROWTH FORECAST      25

2.4           DATA TRIANGULATION                26

2.5           RESEARCH ASSUMPTIONS           27

2.6           FACTOR ANALYSIS          27

2.7           RESEARCH LIMITATIONS             28

2.8           RISK ASSESSMENT           28

3               EXECUTIVE SUMMARY  29

4               PREMIUM INSIGHTS       32

4.1           ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYDROCHLORIC ACID ELECTROLYSIS MARKET                32

4.2           HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY  32

4.3           HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION   33

4.4           ASIA PACIFIC: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION & COUNTRY                33

4.5           HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY KEY COUNTRY            34

5               MARKET OVERVIEW       35

5.1           INTRODUCTION              35

5.2           MARKET DYNAMICS       35

5.2.1        DRIVERS               36

5.2.1.1    Growing demand for chlorine in downstream industries                 36

5.2.1.2    Energy efficiency improvements through ODC technology in hydrochloric acid electrolysis              36

5.2.1.3    Minimizing chlorine transport risks with on-site electrolysis solutions 37

5.2.2        RESTRAINTS      37

5.2.2.1    Long-term licensing and installed base of hydrogen chloride oxidation plants    37

5.2.2.2    High capital investment       38

5.2.3        OPPORTUNITIES              38

5.2.3.1    Sustainability and circular economy practices 38

5.2.4        CHALLENGES    38

5.2.4.1    Volatility in energy prices   38

5.2.4.2    Market fragmentation and knowledge gaps     39

5.2.4.3    Regulatory and safety compliance     39

5.3           TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS            40

5.4           ECOSYSTEM ANALYSIS  41

5.5           VALUE CHAIN ANALYSIS               42

5.6           REGULATORY LANDSCAPE         43

5.6.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             43

5.7           PRICING ANALYSIS          46

5.7.1        AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY TECHNOLOGY, 2024        46

5.7.2        AVERAGE SELLING PRICE TREND, BY REGION, 2023–2030                 47

5.8           TRADE ANALYSIS             47

5.8.1        IMPORT DATA (HS CODE 280110)              47

5.8.2        EXPORT DATA (HS CODE 280110)              48

5.9           TECHNOLOGY ANALYSIS             49

5.9.1        KEY TECHNOLOGIES     50

5.9.1.1    Diaphragm (Porous) Electrolysis      50

5.9.1.2    Membrane Cell Electrolysis                50

5.9.2        COMPLEMENTARY TECHNOLOGIES       50

5.9.2.1    Gas Treatment Technologies             50

5.9.2.2    Gas Separation Technologies             50

5.9.3        ADJACENT TECHNOLOGIES       50

5.9.3.1    Hydrochloric Acid Recovery & Regeneration Systems   50

5.9.3.2    Electrodialysis (ED) and Ion Exchange Technologies    50

5.10         PATENT ANALYSIS          51

5.10.1      INTRODUCTION              51

5.11         CASE STUDY ANALYSIS 54

5.11.1      ADVANCES IN HYDROCHLORIC ACID GAS-PHASE ELECTROLYSIS EMPLOYING OXYGEN-DEPOLARIZED CATHODE           54

5.12         KEY CONFERENCES AND EVENTS, 2025–2026        55

5.13         IMPACT OF AI/GEN AI ON HYDROCHLORIC ACID ELECTROLYSIS MARKET               56

5.13.1      INTRODUCTION              56

5.14         PORTER’S FIVE FORCES ANALYSIS           57

5.14.1      THREAT OF NEW ENTRANTS      58

5.14.2      THREAT OF SUBSTITUTES          58

5.14.3      BARGAINING POWER OF SUPPLIERS       59

5.14.4      BARGAINING POWER OF BUYERS             60

5.14.5      INTENSITY OF COMPETITIVE RIVALRY 60

5.15         KEY STAKEHOLDERS AND BUYING CRITERIA     61

5.15.1      KEY STAKEHOLDERS IN BUYING PROCESS           61

5.15.2      BUYING CRITERIA           62

5.16         MACROECONOMIC ANALYSIS    63

5.16.1      INTRODUCTION              63

5.16.2      GDP TRENDS AND FORECASTS 63

5.17         IMPACT OF 2025 US TARIFF: HYDROCHLORIC ACID ELECTROLYSIS MARKET               64

5.17.1      INTRODUCTION              64

5.17.2      KEY TARIFF RATES          64

5.17.3      PRICE IMPACT ANALYSIS             64

5.17.4      IMPACT ON COUNTRY/REGION                64

5.17.4.1  US           64

5.17.4.2  Europe   65

5.17.4.3  Asia Pacific            65

5.17.5      IMPACT ON APPLICATIONS        65

6               HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY  66

6.1           INTRODUCTION              67

6.2           MEMBRANE ELECTROLYSIS        68

6.2.1        RAPID ADOPTION OF MEMBRANE ELECTROLYSIS DRIVEN BY EFFICIENCY AND SUSTAINABILITY 68

6.2.2        ODC (OXYGEN-DEPOLARIZED CATHODE) TECHNOLOGY  69

6.3           DIAPHRAGM ELECTROLYSIS      70

6.3.1        MERCURY-FREE CHEMICAL PRODUCTION TO DRIVE DEMAND FOR DIAPHRAGM ELECTROLYSIS         70

6.4           MERCURY ELECTROLYSIS            71

6.4.1        PHASE-OUT OF MERCURY TECHNOLOGY DUE TO ENVIRONMENTAL CONCERNS AND REGULATORY ACTION                 71

7               HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION   72

7.1           INTRODUCTION              73

7.2           POLYURETHANE INDUSTRY (MDI/TDI/HDI)      74

7.2.1        ENVIRONMENTAL PRESSURES AND CIRCULAR MANUFACTURING TO DRIVE MARKET  74

7.3           PVC PRODUCTION & CHLORINATION   75

7.3.1        HIGH CHLORINE DEMAND IN PVC PRODUCTION TO PROPEL MARKET             75

7.4           FUMED SILICA PRODUCTION    75

7.4.1        SUSTAINABILITY AND CIRCULAR CHLORINE UTILIZATION TO DRIVE MARKET             75

7.5           AGROCHEMICAL              75

7.5.1        SUSTAINABILITY AND REGULATORY COMPLIANCE TO DRIVE DEMAND               75

7.6           OTHER APPLICATIONS 76

8               HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY REGION                77

8.1           INTRODUCTION              78

8.2           ASIA PACIFIC     80

8.2.1        CHINA  80

8.2.1.1    Strong demand for chlorine in key industrial segments to drive market    80

8.3           EUROPE               82

8.3.1        GERMANY           83

8.3.1.1    Stringent environmental regulations to drive market     83

8.3.2        SPAIN    85

8.3.2.1    Strategic geographic advantage to drive market              85

8.3.3        HUNGARY           86

8.3.3.1    Industry leadership and strategic investments to drive the market                 86

8.3.4        FRANCE                87

8.3.4.1    Circular economy goals to drive market            87

8.3.5        PORTUGAL         88

8.3.5.1    EU funding support to drive market 88

8.4           NORTH AMERICA             89

8.4.1        US           89

8.4.1.1    Government-backed sustainability initiatives to drive market                 89

8.5           REST OF THE WORLD    90

8.5.1        SAUDI ARABIA  91

8.5.1.1    Petrochemical industry expansion to drive market         91

9               COMPETITIVE LANDSCAPE         93

9.1           INTRODUCTION              93

9.2           KEY PLAYER STRATEGIES/RIGHT TO WIN            93

9.3           REVENUE ANALYSIS       94

9.4           MARKET RANKING ANALYSIS     95

9.5           COMPANY VALUATION AND FINANCIAL METRICS                 96

9.6           BRAND/PRODUCT COMPARISON             98

9.6.1        COMPANY FOOTPRINT: KEY PLAYERS, 2024         99

9.6.1.1    Company footprint               99

9.6.1.2    Region footprint   99

9.6.1.3    Technology footprint           99

9.6.1.4    Application footprint            100

9.7           COMPETITIVE SCENARIO             100

9.7.1        DEALS  100

9.7.2        EXPANSIONS     101

10            COMPANY PROFILES      103

10.1         KEY PLAYERS     103

10.1.1      THYSSENKRUPP NUCERA             103

10.1.1.1  Business overview 103

10.1.1.2  Products/Solutions/Services offered 104

10.1.1.3  Recent developments           105

10.1.1.3.1                Expansions             105

10.1.1.4  MnM view              105

10.1.1.4.1                Right to win           105

10.1.1.4.2                Strategic choices   105

10.1.1.4.3                Weaknesses and competitive threats 106

10.1.2      COVESTRO AG  107

10.1.2.1  Business overview 107

10.1.2.2  Products/Solutions/Services offered 108

10.1.2.3  Recent developments           109

10.1.2.3.1                Deals      109

10.1.2.3.2                Expansions             109

10.1.2.4  MnM view              110

10.1.2.4.1                Right to win           110

10.1.2.4.2                Strategic choices   110

10.1.2.4.3                Weaknesses and competitive threats 110

10.1.3      WANHUA             111

10.1.3.1  Business overview 111

10.1.3.2  Products/Solutions/Services offered 111

10.1.3.3  MnM view              112

10.1.3.3.1                Right to win           112

10.1.3.3.2                Strategic choices   112

10.1.3.3.3                Weaknesses and competitive threats 112

10.1.4      HUNTSMAN INTERNATIONAL LLC           113

10.1.4.1  Business overview 113

10.1.4.2  Products/Solutions/Services offered 114

10.1.4.3  MnM view              115

10.1.4.3.1                Right to win           115

10.1.4.3.2                Strategic choices   115

10.1.4.3.3                Weaknesses and competitive threats 115

10.1.5      BLUESTAR (BEIJING) CHEMICAL MACHINERY CO. LTD.                 116

10.1.5.1  Business overview 116

10.1.5.2  Products/Solutions/Services offered 116

10.1.5.3  MnM view              117

10.1.6      BASF      118

10.1.6.1  Business overview 118

10.1.6.2  Products/Solutions/Services offered 119

10.1.6.3  MnM view              120

10.1.7      SADARA                121

10.1.7.1  Business overview 121

10.1.7.2  Products/Solutions/Services offered 121

10.1.7.3  MnM view              121

11            ADJACENT & RELATED MARKET               122

11.1         INTRODUCTION              122

11.2         LIMITATIONS    122

11.3         HYDROCHLORIC ACID MARKET                122

11.3.1      MARKET DEFINITION   122

11.3.2      HYDROCHLORIC ACID MARKET, BY GRADE        122

11.3.3      HYDROCHLORIC ACID MARKET, BY APPLICATION                 123

11.3.4      HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY           125

11.3.5      HYDROCHLORIC ACID MARKET, BY REGION      127

12            APPENDIX           130

12.1         DISCUSSION GUIDE        130

12.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                133

12.3         CUSTOMIZATION OPTIONS        135

12.4         RELATED REPORTS         135

12.5         AUTHOR DETAILS           136

LIST OF TABLES

TABLE 1                ROLES OF COMPANIES IN HYDROCHLORIC ACID ELECTROLYSIS ECOSYSTEM            42

TABLE 2                NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS  43

TABLE 3                EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS             44

TABLE 4                ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS             45

TABLE 5                MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, INDUSTRY ASSOCIATIONS, AND OTHER ORGANIZATIONS  45

TABLE 6                INDICATIVE PRICING ANALYSIS OF HYDROCHLORIC ACID OFFERED BY KEY PLAYERS, BY TECHNOLOGY, 2024 (USD/KILOGRAMS)               46

TABLE 7                AVERAGE SELLING PRICE OF HYDROCHLORIC ACID ELECTROLYSIS OF KEY PLAYERS, BY REGION, 2023-2030 (USD/KILOGRAMS)         47

TABLE 8                IMPORT DATA RELATED TO HS CODE 280110-CHLORINE, BY COUNTRY,

2020–2024 (USD MILLION)            48

TABLE 9                EXPORT DATA RELATED TO HS CODE 280110 – CHLORINE, BY COUNTRY,

2020–2024 (USD MILLION)            49

TABLE 10              HYDROCHLORIC ACID ELECTROLYSIS MARKET: LIST OF KEY PATENTS, 2020–2024              52

TABLE 11              HYDROCHLORIC ACID ELECTROLYSIS MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2025–2026       55

TABLE 12              HYDROCHLORIC ACID ELECTROLYSIS MARKET: PORTER’S FIVE FORCES ANALYSIS           58

TABLE 13              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY APPLICATIONS           61

TABLE 14              KEY BUYING CRITERIA FOR KEY APPLICATIONS                 62

TABLE 15              GLOBAL GDP GROWTH PROJECTION, BY REGION, 2021–2028 (USD TRILLION)        63

TABLE 16              HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY,

2023–2030 (USD MILLION)            67

TABLE 17              HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY,

2023–2030 (KILOTON)     68

TABLE 18              HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            73

TABLE 19              HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (KILOTON)     74

TABLE 20              HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY REGION,

2023–2030 (USD MILLION)            79

TABLE 21              HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY REGION,

2023–2030 (KILOTON)     79

TABLE 22              CHINA: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            81

TABLE 23              CHINA: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (KILOTON)     81

TABLE 24              EUROPE: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY COUNTRY,

2023–2030 (USD MILLION)            82

TABLE 25              EUROPE: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY COUNTRY,

2023–2030 (KILOTON)     82

TABLE 26              EUROPE: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            83

TABLE 27              EUROPE: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (KILOTON)     83

TABLE 28              GERMANY: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2023–2030 (USD MILLION)            84

TABLE 29              GERMANY: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2023–2030 (KILOTON)         84

TABLE 30              SPAIN: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            85

TABLE 31              SPAIN: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (KILOTON)     85

TABLE 32              HUNGARY: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            86

TABLE 33              HUNGARY: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (KILOTON)     87

TABLE 34              FRANCE: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            87

TABLE 35              FRANCE: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (KILOTON)     88

TABLE 36              PORTUGAL: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2023–2030 (USD MILLION)            88

TABLE 37              PORTUGAL: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2023–2030 (KILOTON)         89

TABLE 38              US: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (USD MILLION)            90

TABLE 39              US: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,

2023–2030 (KILOTON)     90

TABLE 40              SAUDI ARABIA: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2023–2030 (USD MILLION)            91

TABLE 41              SAUDI ARABIA: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2023–2030 (KILOTON)         92

TABLE 42              HYDROCHLORIC ACID ELECTROLYSIS MARKET: OVERVIEW OF KEY STRATEGIES ADOPTED BY MAJOR PLAYERS, 2019–2025              93

TABLE 43              HYDROCHLORIC ACID ELECTROLYSIS MARKET: REGION FOOTPRINT     99

TABLE 44              HYDROCHLORIC ACID ELECTROLYSIS MARKET: TECHNOLOGY FOOTPRINT        99

TABLE 45              HYDROCHLORIC ACID ELECTROLYSIS MARKET: APPLICATION FOOTPRINT         100

TABLE 46              HYDROCHLORIC ACID ELECTROLYSIS MARKET: DEALS,

JANUARY 2019– APRIL 2025           100

TABLE 47              HYDROCHLORIC ACID ELECTROLYSIS MARKET: EXPANSIONS,

JANUARY 2019– APRIL 2025           101

TABLE 48              THYSSENKRUPP NUCERA: COMPANY OVERVIEW          103

TABLE 49              THYSSENKRUPP NUCERA: PRODUCTS/SOLUTIONS/SERVICES/TECHNOLOGY OFFERED                 104

TABLE 50              THYSSENKRUPP NUCERA: EXPANSIONS, JANUARY 2021–JULY 2025               105

TABLE 51              COVESTRO AG: COMPANY OVERVIEW   107

TABLE 52              COVESTRO AG: PRODUCTS/SOLUTIONS/SERVICES/TECHNOLOGY OFFERED                 108

TABLE 53              COVESTRO AG: DEALS, JANUARY 2021–JULY 2025                 109

TABLE 54              COVESTRO AG: EXPANSIONS, JANUARY 2021–JULY 2025             109

TABLE 55              WANHUA: COMPANY OVERVIEW              111

TABLE 56              WANHUA: PRODUCTS/SOLUTIONS/SERVICES/TECHNOLOGY OFFERED                 111

TABLE 57              HUNTSMAN INTERNATIONAL LLC: COMPANY OVERVIEW          113

TABLE 58              HUNTSMAN INTERNATIONAL LLC: PRODUCTS/SOLUTIONS/SERVICES/TECHNOLOGY OFFERED                 114

TABLE 59              BLUESTAR (BEIJING) CHEMICAL MACHINERY CO., LTD.: COMPANY OVERVIEW              116

TABLE 60              BLUESTAR(BEIJING)CHEMICAL MACHINERY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES/TECHNOLOGY OFFERED             116

TABLE 61              BASF: COMPANY OVERVIEW       118

TABLE 62              BASF: PRODUCTS/SOLUTIONS/SERVICES/TECHNOLOGY OFFERED                 119

TABLE 63              SADARA: COMPANY OVERVIEW 121

TABLE 64              SADARA: PRODUCTS/SOLUTIONS/SERVICES/TECHNOLOGY OFFERED                 121

TABLE 65              HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2023 (USD MILLION)            123

TABLE 66              HYDROCHLORIC ACID MARKET, BY GRADE, 2024–2029 (USD MILLION)            123

TABLE 67              HYDROCHLORIC ACID MARKET, BY GRADE, 2020–2023(KILOTON)      123

TABLE 68              HYDROCHLORIC ACID MARKET, BY GRADE, 2024–2029 (KILOTON)     123

TABLE 69              HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2023 (USD MILLION)              124

TABLE 70              HYDROCHLORIC ACID MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              124

TABLE 71              HYDROCHLORIC ACID MARKET, BY APPLICATION, 2020–2023 (KILOTON)      125

TABLE 72              HYDROCHLORIC ACID MARKET, BY APPLICATION, 2024–2029 (KILOTON)      125

TABLE 73              HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY,

2020–2023 (USD MILLION)            126

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

2024–2029 (USD MILLION)            126

TABLE 75              HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY, 2020–2023 (KILOTON)             127

TABLE 76              HYDROCHLORIC ACID MARKET, BY END-USE INDUSTRY, 2024–2029 (KILOTON)             127

TABLE 77              HYDROCHLORIC ACID MARKET, BY REGION, 2020–2023 (USD MILLION)            128

TABLE 78              HYDROCHLORIC ACID MARKET, BY REGION, 2024–2029 (USD MILLION)            128

TABLE 79              HYDROCHLORIC ACID MARKET, BY REGION, 2020–2023 (KILOTON)     128

TABLE 80              HYDROCHLORIC ACID MARKET, BY REGION, 2024–2029 (KILOTON)     129

LIST OF FIGURES

FIGURE 1              HYDROCHLORIC ACID ELECTROLYSIS MARKET: SEGMENTATION AND

REGIONAL SCOPE            16

FIGURE 2              HYDROCHLORIC ACID ELECTROLYSIS MARKETMARKET: RESEARCH DESIGN   20

FIGURE 3              MARKET SIZE ESTIMATION: TOP-DOWN APPROACH         24

FIGURE 4              MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH         25

FIGURE 5              HYDROCHLORIC ACID ELECTROLYSIS MARKETMARKET: DATA TRIANGULATION          26

FIGURE 6              MEMBRANE ELECTROLYSIS TO BE LARGER SEGMENT OF HYDROCHLORIC ACID ELECTROLYSIS MARKET DURING FORECAST PERIOD       29

FIGURE 7              POLYURETHANE INDUSTRY (MDI/TDI/HDI) TO BE LARGEST HYDROCHLORIC ACID ELECTROLYSIS DURING FORECAST PERIOD         30

FIGURE 8              ASIA PACIFIC DOMINATED HYDROCHLORIC ACID ELECTROLYSIS MARKET IN 2024    31

FIGURE 9              ASIA PACIFIC TO BE FASTEST-GROWING HYDROCHLROC ACID ELECTROLYSIS MARKET DURING FORECAST PERIOD         32

FIGURE 10            MEMBRANE ELECTROLYSIS TO LEAD HYDROCHLORIC ACID ELECTROLYSIS MARKET DURING FORECAST PERIOD         32

FIGURE 11            POLYURETHANE INDUSTRY (MDI/TDI/HDI) TO LEAD HYDROCHLORIC ACID ELECTROLYSIS MARKET DURING FORECAST PERIOD         33

FIGURE 12            POLYURETHANE INDUSTRY (MDI/TDI/HDI) ACCOUNTED FOR LARGEST MARKET SHARE IN ASIA PACIFIC IN 2024        33

FIGURE 13            CHINA TO REGISTER HIGHEST GROWTH DURING FORECAST PERIOD       34

FIGURE 14            HYDROCHLORIC ACID ELECTROLYSIS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES                 35

FIGURE 15            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   41

FIGURE 16            HYDROCHLORIC ACID ELECTROLYSIS MARKET: ECOSYSTEM ANALYSIS  41

FIGURE 17            HYDROCHLORIC ACID ELECTROLYSIS MARKET: VALUE CHAIN ANALYSIS               42

FIGURE 18            AVERAGE SELLING PRICE TREND OF HYDROCHLORIC ACID ELECTROLYSIS OFFERED BY KEY PLAYERS, 2024 (USD/KILOGRAMS)           46

FIGURE 19            AVERAGE SELLING PRICE OF HYDROCHLORIC ACID ELECTROLYSIS, BY REGION, 2023–2030 (USD/KILOGRAMS)                 47

FIGURE 20            IMPORT DATA FOR HS CODE 280110-CHLORINE, BY KEY COUNTRY,

2020–2024 (USD MILLION)            48

FIGURE 21            EXPORT DATA FOR HS CODE 280110 – CHLORINE, BY COUNTRY,

2020–2024 (USD MILLION)            49

FIGURE 22            LIST OF MAJOR PATENTS APPLIED AND GRANTED RELATED TO HYDROCHLORIC ACID ELECTROLYSIS, 2015–2024              51

FIGURE 23            MAJOR PATENTS APPLIED AND GRANTED RELATED TO HYDROCHLORIC ACID ELECTROLYSIS, BY COUNTRY/REGION, 2015–2024    52

FIGURE 24            IMPACT OF AI/GEN AI ON HYDROCHLORIC ACID ELECTROLYSIS MARKET   56

FIGURE 25            HYDROCHLORIC ACID ELECTROLYSIS MARKET: PORTER’S FIVE FORCES ANALYSIS           57

FIGURE 26            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR KEY APPLICATIONS           61

FIGURE 27            KEY BUYING CRITERIA FOR KEY APPLICATIONS                 62

FIGURE 28            MEMBRANE ELECTROLYSIS SEGMENT TO HOLD THE LARGEST

MARKET SHARE IN 2025 67

FIGURE 29            POLYURETHANE INDUSTRY (MDI/TDI/HDI) SEGMENT TO HOLD LARGEST MARKET SHARE IN 2025  73

FIGURE 30            CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD       78

FIGURE 31            ASIA PACIFIC TO ACCOUNT FOR LARGEST SHARE OF HYDROCHLORIC ACID ELECTROLYSIS MARKET THROUGH 2030 79

FIGURE 32            HYDROCHLORIC ACID ELECTROLYSIS MARKET: REVENUE ANALYSIS

OF TOP PLAYERS, 2020–2024 (USD BILLION)        94

FIGURE 33            MARKET RANKING ANALYSIS OF TOP PLAYERS                 95

FIGURE 34            COMPANY VALUATION (USD BILLION), 2025                 96

FIGURE 35            FINANCIAL MATRIX (EV/EBITDA), 2025  97

FIGURE 36            YEAR-TO-DATE PRICE AND FIVE-YEAR STOCK BETA, 2025           97

FIGURE 37            HYDROCHLORIC ACID ELECTROLYSIS MARKET: BRAND/PRODUCT COMPARISON             98

FIGURE 38            HYDROCHLORIC ACID ELECTROLYSIS MARKET: COMPANY FOOTPRINT 99

FIGURE 39            THYSSENKRUPP NUCERA: COMPANY SNAPSHOT          104

FIGURE 40            COVESTRO AG: COMPANY SNAPSHOT  108

FIGURE 41            HUNTSMAN INTERNATIONAL LLC: COMPANY SNAPSHOT          114

FIGURE 42            BASF: COMPANY SNAPSHOT      119