NEW YORK , July 23, 2024 /PRNewswire/ -- The global hydrochloric acid market size is estimated to grow by USD 978.77 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.
12% during the forecast period. Growing demand for PVC is driving market growth, with a trend towards increasing demand-supply gap. However, availability of substitutes for hydrochloric acid poses a challenge.
Key market players include AGC Inc., BASF SE, Coogee, Covestro AG, ERCO Worldwide, FSTI Inc., INOVYN Europe Ltd.
, Italmatch Chemicals Spa, Jones Hamilton Co., Kemira Oyj, Merck KGaA, Occidental Petroleum Corp., Olin Corp.
, PCC SE, Qingdao Hisea Chem Co. Ltd., Shiva Group, SPOLANA s.
r.o., Tessenderlo Group NV, W.
K. Merriman Inc., and Westlake Corp.
. Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report Hydrochloric Acid Market Scope Report Coverage Details Base year 2023 Historic period 2018 - 2022 Forecast period 2024-2028 Growth momentum & CAGR Accelerate at a CAGR of 6.12% Market growth 2024-2028 USD 978.
77 million Market structure Fragmented YoY growth 2022-2023 (%) 5.72 Regional analysis APAC, North America, Europe, Middle East and Africa, and South America Performing market contribution APAC at 68% Key countries US, China, Japan, Germany, and UK Key companies profiled AGC Inc., BASF SE, Coogee, Covestro AG, ERCO Worldwide, FSTI Inc.
, INOVYN Europe Ltd., Italmatch Chemicals Spa, Jones Hamilto.