Muriatic Acid Market: Dynamics
Muriatic acid is prominently used in the manufacturing of organic chemicals. It is also widely used in the production of polyvinyl chloride (PVC) plastic.
The demand for PVC is increasing, which in turn, surges the demand for muriatic acid Market from PVC manufacturers. The increasing production of various organic chemicals is also expected to increase the demand for muriatic acid.
It is used in water & wastewater treatment applications as well as in the form of pH stabilizer in the production of various inorganic water treatment compounds such as polyaluminium chloride (PAC), iron chloride, and others.
Various pharmaceutical intermediates are produced using muriatic acid as a precursor. Other applications of muriatic acid include household cleaners, leather processing, building constructions, and others.
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Muriatic Acid Market: Segments
On the basis of concentration, the muriatic acid market can be segmented as-
- 22º Baumé HCl (35.21% HCl by wt.)
- 20º Baumé (31.45% HCl by wt.)
- Others
On the basis of application, the muriatic acid market can be classified into –
- Steel Pickling
- Chemicals Manufacturing
- Food Processing
- Oil-field Acidizing
- Mining and Metal Production
- Consumer Goods
- Plastics
- Industrial Cleaning
- Water & Wastewater Treatment
- Others
On the basis of geography, the market is segmented into-
- North America
- Europe
- Latin America
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Muriatic Acid: Regional Outlook
The global muriatic acid market is expected to increase with medium to high CAGR, owing to increase in demand from chemical manufacturers, food processers, plastics industry, and others.
China is anticipated to remain the largest consumer of muriatic acid followed by North America & Europe regions. With the development of the polymer sector in the South Asia region, the demand for muriatic acid is expected to increase in the region, owing to the increase in the consumption of consumer products.
The demand for muriatic acid is expected to remain moderate in the Middle East and Africa region, owing to the slow-down of oil & construction industries in the region.
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Muriatic Acid: Key Players
The market for muriatic acid is highly fragmented with the presence of many local and international key players. However, some of the global key players include
- Dow Chemicals Company
- BASF SE
- Olin Corporation
- Occidental Chemical Corporation
- Solvay SA
- INOVYN ChlorVinyls Limited (ineos company)
- Xilong Chemicals Co. Ltd
- Pioneer Forensics, LLC
- HASA INC
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