Hydrochloric Acid Supplier & Cost Intelligence Report, 2030

Hydrochloric Acid Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)

  • Published Date: ---
  • Base Year for Estimate: 2022
  • Report ID: GVR-P-UC-046
  • Format: Electronic (PDF)
  • Historical Data: 2020 - 2021
  • Number of Pages: 0

Hydrochloric Acid Category Overview

The hydrochloric acid category is anticipated to grow at a CAGR of 6.6% from 2023 to 2030. The rising usage of hydrochloric acid from various end-use industries such as food and beverages, dyes, pigments, steel pickling, water & wastewater treatment, and others is anticipated to drive the category growth. The category is mainly driven by demand in wastewater treatment to adjust pH levels and enhance water quality. A wide range of food products such as cold drinks, cereals, and corn syrups used in biscuits are processed using hydrochloric acid.

Waterborne diseases are a major concern in African countries such as Nigeria. According to UNICEF 2022 report, around 70% of water at the time of consumption is contaminated. Additionally, the U.N. agency stated that contamination is the reason Nigeria has the world’s highest number of deaths due to waterborne diseases among children between five years old. To tackle such problems various government bodies such as UNICEF, and the World Bank are taking initiatives to help wastewater treatment projects in the region. Such initiatives are expected to boost the demand for hydrochloric acid used for water treatment.

The production of hydrochloric acid relies directly on the availability of chlorine, and it is mainly generated as a co-product or byproduct during the production of chlorinated derivative chemicals. Advancements in the production process have evolved over the years due to efficiency, safety, and environmental concerns. Membrane cell electrolysis, hydrogen chloride recovery, and automation and process control are some of the notable innovations in the production process. Membrane cell electrolysis technology has largely replaced the outdated mercury cell electrolysis in chlorine production. Membrane cells offer enhanced environmental benefits by eliminating the need for mercury and decreasing the generation of chlorine gas emissions. Additionally, utilizing advanced automation and process control systems has elevated the accuracy and safety of hydrochloric acid production, thereby mitigating the potential for accidents, and enhancing the quality of the product.

Germany, Japan, and Canada are top hydrochloric acid exporting countries. In 2022, Germany exported acid of around 1.2 million metric tons, and worth of USD 69 Million. Similarly, Canada which ranked second exported over USD 43 million, followed by Japan which exported worth of USD 36 million. In August 2023, the prices of hydrochloric acid prices in the U.S. were around USD 0.08/kg, whereas in Europe the prices were around USD 0.17/kg. In November 2021, the prices of acid in Europe increased sharply, due to a tight supply of raw material Chlorine which resulted in producers looking for the best value to offset high energy costs.

Buyers in the category, such as chemical manufacturers and industrial users, often purchase in bulk. However, they choose from typically multiple suppliers, which gives buyers some negotiation power. Prices are also influenced by factors like supply and demand dynamics and the cost of raw materials. Due to the harmful effects of acid on the environment, companies are obliged to follow safety protocols by various government agencies. For instance, according to the U.S. Food and Drug Administration, Section 182.1057 recognizes hydrochloric acid as safe when used as a neutralizing agent in accordance with good manufacturing practices.

Raw material, labor, land and construction, machinery, utility, packaging, transportation, and others are some of the cost components involved in the production of the category. Hydrochloric acid is produced through various processes such as salt and sulphuric acid, the Mannheim process, and hydrogen and chlorine. The most used method is through hydrogen and chlorine. Raw material and labor costs account for a major part of the total cost.

In terms of hydrochloric acid production, the hybrid model is a popular engagement model in the category, combining in-house and full-service outsourcing. Some suppliers opt for a partial outsourcing model. Companies outsource operations such as packaging, and transportation services. Employing an in-house team for a complete production line from procuring raw material to quality testing, packaging, and transportation can be beneficial for the company. Developing a strong relationship with suppliers of raw materials (hydrogen and chlorine) and ensuring the consistency and traceability of the supply chain is key to sourcing the category.

Hydrochloric Acid Procurement Intelligence Report Scope

Report Attribute


Hydrochloric Acid Category Growth Rate

CAGR of 6.6% from 2023 to 2030

Base Year for Estimation


Pricing growth Outlook

 6% - 7% (annual)

Pricing Models

Volume based Pricing; Competition based pricing

Supplier Selection Scope

Cost and pricing, volume, production capacity, geographical presence, and compliance

Supplier selection criteria

Quality, volume range offered, contract terms, delivery option, technology used, safety and environmental compliance, location and presence of supplier, and others

Report Coverage

Revenue forecast, supplier ranking, supplier matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model

Key companies profiled

BASF, AGC Chemicals Americas, Vynova, Detrex Chemicals, Thermo Fisher Scientific, Kaneka Corporation, ERCO Worldwide, Oxy, Olin, Tata Chemicals.

Regional scope


Revenue Forecast in 2030

USD 4.2 billion

Historical data

2020 - 2021

Quantitative units

Revenue in USD billion and CAGR from 2023 to 2030

Customization scope

Up to 48 hours of customization free with every report.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Frequently Asked Questions About This Report

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Add-on Services

Should Cost Analysis

Component wise cost break down for better negotiation for the client, highlights the key cost drivers in the market with future price fluctuation for different materials (e.g.: steel, aluminum, etc.) used in the production process

Rate Benchmarking

Offering cost transparency for different products / services procured by the client. A typical report involves 2-3 case scenarios helping clients to select the best suited engagement with the supplier

Salary Benchmarking

Determining and forecasting salaries for specific skill set labor to make decision on outsourcing vs in-house.

Supplier Newsletter

A typical newsletter study by capturing latest information for specific suppliers related to: M&As, technological innovations, expansion, litigations, bankruptcy etc.

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