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U.S. Hydrochloric Acid Industry Overview
The U.S. hydrochloric acid market size is estimated to reach USD 796.2 million by 2028 according to a new report by Grand View Research, Inc. The market is projected to register a CAGR of 4.8% from 2021 to 2028. The growth can be attributed to the increasing consumption of HCL in the food and beverages industry as an acidifier coupled with rising demand for steel in the construction industry for manufacturing construction materials, such as metal roofing, steel beams, and mounting brackets.
U.S. Hydrochloric Acid Market Segmentation
Grand View Research has segmented the U.S. hydrochloric acid market based on application and states:
Based on the Application Insights, the market is segmented into Oil Well Acidizing, Food Processing, Steel Pickling, Ore Processing, Pool Sanitation, Calcium Chloride, Others.
- The food processing segment accounted for the largest revenue share of 30% in 2020. This is attributed to higher usage of hydrochloric acid in food processing applications such as the production of hydrolyzed vegetable protein and soy sauce.
- The calcium chloride segment is anticipated to expand at the highest CAGR over the forecast period. Hydrochloric acid is used in the production process of calcium chloride which is used in several applications such as industrial processing, dust control, concrete treatment, tire ballasting, oil recovery, and others.
- Wide industrial applications of calcium chloride are forecasted to bolster its demand, which, in turn, is likely to have a positive impact on the demand for hydrochloric acid in the predicted years.
- Hydrochloric acid is used in several other applications to produce organic chemicals. It can be used to produce polycarbonate resins, p-phenylenediamine, polyvinyl chloride resins, ethanol, and bisphenol-A. In the pharmaceutical industry, hydrochloric acid is used for pH control, as a reduction agent, as a catalyst in synthesis, and for the deionization of water.
U.S. Hydrochloric Acid Regional Outlook
- U.S.
- Utah
- California
- Nevada
- Arizona
- Idaho
- Colorado
- Oregon
- Wyoming
- Montana
- New Mexico
- Rest of U.S.
Key Companies Profile Market Share Insights
These suppliers are well-established and have been operating for a long time in the industry with a strong distribution network. These companies dominate the U.S. hydrochloric acid market with their extensive presence throughout the value chain.
Some prominent players in the U.S. hydrochloric acid market include
- ASHTA Chemicals
- Thermo Fisher Scientific Inc.
- ERCO Worldwide
- Continental Chemical Company
- Miles Chemical Company Inc.
- Tronox Holdings plc
- Jones-Hamilton Co.
- Olin Corporation
- Spectrum Chemical Manufacturing Corp.
- Detrex Corporation
- TRInternational
- Formosa Plastics Corporation, U.S.A.
Order a free sample PDF of the U.S. Hydrochloric Acid Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
