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全球盐酸 (HCL) 市场 - 2024-2031Global Hydrochloric Acid (HCL) Market - 2024-2031 |
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概述
2023年,全球盐酸(HCL)市场规模达26亿美元,预计2031年将达到43亿美元,2024-2031年预测期间复合年增长率为6.5%。
钢铁业对盐酸的需求不断增长是全球盐酸市场的主要驱动力。用盐酸去除钢表面的氧化铁和氧化皮。因此,钢材需求的上升将推动市场扩张。盐酸用于多种活动,包括食品加工、矿物加工和泳池卫生。
近年来,随着美国加利福尼亚州、乔治亚州、纽约州和宾夕法尼亚州等地区建筑活动的增加,该市场显着增长。 2020 年将使用盐酸。
到2023年,北美预计将成为第二主导地区,占全球盐酸市场的份额超过20%。由于水处理需求不断增长,北美将以健康的速度成长。美国环保署仍在执行行政指令,以确保公共供水系统的安全饮用水。此外,美国政府于 2021 年 5 月推出了 2021 年饮用水和废水基础设施法案,拨款 3,500 万美元,可能会为该产业带来成长前景。
动力学
水处理需求不断成长
盐酸常用于水处理过程中的 pH 值控制、消毒和化学沉淀。随着人们对水质和环境污染的担忧日益加剧,市政和工业水处理设施对水处理解决方案(包括盐酸)的需求也随之增加。
环保署根据 1974 年《安全饮用水法》制定了饮用水供应品质标准,并且该机构与其合作伙伴合作,执行各种财务和技术计划来保护饮用水品质。 《清洁水法》为管理水域污染物排放和规范地表水品质标准提供了基本架构。因此,对水质的日益重视将推动全球 HCL 市场的成长。
钢铁产量上升
在钢铁业,盐酸用于透过酸洗和表面处理去除钢铁产品中的铁锈、氧化皮和其他杂质。建筑、汽车和基础设施产业的兴起增加了对钢铁的需求,从而增加了全球钢铁生产设施对盐酸的需求。因此,一些钢厂对酸的需求增加。它对于研发专案至关重要,并为其他产业提供创新解决方案。
2022年1月,安赛乐米塔尔新日铁印度公司与古吉拉特邦政府签署协议,为其Hazira钢铁製造工厂投资58.9325亿美元。该计划旨在将产能从每年 860 万吨 MMTPA 增加到 1800 万吨。该合约扩大了全球 HCL 市场的扩张机会。
环境和监管问题
遵守环境和安全要求对盐酸业务有重大影响。排放、废弃物处理和工人安全的严格规定迫使企业投资污染控制系统并遵循严格的操作程序,从而提高了生产成本和合规负担。政府施加的贸易限制、出口税或进口关税增加了成本,阻碍了市场准入,并限制了盐酸製造商和出口商的成长潜力。
盐酸是一种腐蚀性危险化学品,如果处理不当或释放到环境中,会对人类健康和环境健康产生负面影响。对盐酸消耗对健康和环境影响的担忧导致了更严格的法规、公众的反对以及在特定应用中采用替代化学品或技术。
Overview
Global Hydrochloric Acid (HCL) Market reached US$ 2.6 billion in 2023 and is expected to reach US$ 4.3 billion by 2031, growing with a CAGR of 6.5% during the forecast period 2024-2031.
The increasing need for hydrochloric acid from the steel industry is the key driving force behind the hydrochloric acid market globally. Iron oxide and scales are removed off the surface of steel with hydrochloric acid. As a result, rising steel demand will drive market expansion. Hydrochloric acid is used in a variety of activities, including food processing, mineral processing and pool sanitation.
The market has grown significantly in recent years as construction activity has increased in areas such as California, Georgia, New York and Pennsylvania in U.S. Its widespread use in the production of products such as corn syrup, soy sauce and food processing applications drove the need for hydrochloric acid in 2020. HCL is used when drilling oil wells to increase gas and crude oil penetration.
In 2023, North America is expected to be the second-dominant region with over 20% of the global hydrochloric acid market. North America will grow at a healthy rate due to rising water treatment demand. The EPA is still enforcing administrative directives to assure safe drinking water for public water systems. Furthermore, the introduction of the Drinking Water and Wastewater Infrastructure Act of 2021 by U.S. government in May 2021, with funding of US$ 35.0 million, is likely to generate growth prospects for this industry.
Dynamics
Growing Demand for Water Treatment
Hydrochloric acid is commonly used in water treatment procedures for pH control, disinfection and chemical precipitation. As worries about water quality and pollution from the environment grow, so does the demand for water treatment solutions, including hydrochloric acid, in municipal and industrial water treatment facilities.
The Environment Protection Agency established criteria for the quality of drinking water supply under the Safe Drinking Water Act of 1974 and the agency, in collaboration with its partners, executes a variety of financial and technical programs to protect drinking water quality. The Clean Water Act provides the essential framework for managing pollution discharge into waters and regulating surface water quality standards. Thus, increasing emphasis on the quality of water will boost the global HCL market growth.
Rising Steel Production
In the steel business, hydrochloric acid is used to remove rust, scale and other impurities from steel products through pickling and surface treatment. The rise of the construction, automotive and infrastructure sectors increases demand for steel, which raises the demand for hydrochloric acid in steel production facilities globally. As a result, demand for acid increased in some steel plants. It is critical to R&D projects and allows for innovative solutions in other industries.
In January 2022, ArcelorMittal Nippon Steel India signed a deal with the Gujarat government to invest US$ 5,893.25 million at its Hazira steel manufacturing facility. The initiative seeks to increase production capacity to 18 million metric tons per year from 8.6 million MMTPA. The contract extended the expansion opportunities for the global HCL market.
Environmental and Regulatory Concerns
Compliance with environmental and safety requirements has a substantial impact on the hydrochloric acid business. Stringent rules governing emissions, waste disposal and worker safety force businesses to invest in pollution control systems and follow tight operating procedures, raising production costs and compliance burdens. Government-imposed trade restrictions, export taxes or import duties increase costs, hinder market access and limit growth potential for manufacturers and exporters of hydrochloric acid.
Hydrochloric acid is a caustic and dangerous chemical that, if mistreated or released into the environment negatively impact human health and environmental health. Concerns about the health and environmental implications of hydrochloric acid consumption led to tougher regulations, public opposition and the adoption of alternative chemicals or technology in specific applications.
The global hydrochloric acid (HCL) market is segmented based on grade, application, end-user and region.
Rising Demand for Pickling in Steel Industry Drives the Segment Growth
Steel pickling is expected to be the dominant segment with over 30% of the market during the forecast period 2024-2031. In the steel industry, pickling involves the use of hydrochloric acid. Impurities such as inorganic pollutants, stains, rust or scale are removed from ferrous metals, copper, precious metals and aluminum alloys using the pickling process.
Many steel pickling operations now use hydrochloric acid instead of sulfuric acid. As a result, the demand for hydrochloric acid grew in various steel production plants. In accordance to the World Steel Association, globally crude steel output in 2021 reached 1,958.5 million tons, representing a 3.7% rise over 1,881.4 million tons in 2020 and is further predicted to expand during the forecast year.
Rising Production in Various End-User Industries in Asia-Pacific
Asia-Pacific is expected to be the dominant region in the global Hydrochloric Acid (HCL) market covering over 30% of the market. Rising production capacities in China, India and other nations, as well as increased demand from the steel, oil and gas and chemical industries, are driving the regional hydrochloric acid market. In the oil and gas sector, HCl is widely used to stimulate wells, especially in carbonate deposits.
With rising demand in countries such as China and India, oil and gas corporations intend to expand their manufacturing operations, resulting in higher hydrochloric acid usage. According to U.S. Energy Information Administration, the region will produce approximately 9.08 million barrels per day of oil in 2021. The steel industry is a major end-user of hydrochloric acid. Asia made 1,382 million tons of crude steel in 2021, a rise of 0.6% from 2020.
The major global players in the market include BASF SE, Covestro, Olin Corp, Westlake Chemical Corp, Occidental Petroleum Corp, Formosa Plastics Corp, Tata Chemicals Ltd, AGC Chemicals, ERCO globally and Detrex Corporation.
The pandemic caused changes in demand for hydrochloric acid as a result of interruptions in many end-use sectors. Manufacturing, construction and automotive industries faced slowdowns or shutdowns, resulting in lower demand for chemicals such as hydrochloric acid, which are used in their production processes. Lockdowns, travel restrictions and border closures interrupted global supply networks, affecting hydrochloric acid production and distribution, as well as raw materials required in its manufacturing.
Transportation delays, major ingredient shortages and logistics issues hampered hydrochloric acid availability and had an impact on market dynamics. The pandemic accelerated trends like remote work, e-commerce expansion and consumer behavior changes, resulting in adjustments in demand for hydrochloric acid across industries. For example, growing demand for pharmaceuticals and disinfectants resulted in increased demand for hydrochloric acid as a raw ingredient for manufacturing these items.
Russia-Ukraine War Impact
Russia and Ukraine are major producers of chemicals, notably hydrochloric acid. Any disruptions in production or transportation caused by the conflict resulted in globally supply shortages or delays. It had an impact on companies that use hydrochloric acid for a variety of uses, including chemical manufacture, metal processing and water treatment. Instability in the region caused price volatility in the globally hydrochloric acid market.
Uncertainty over supply availability, geopolitical tensions and potential trade disruptions might all have an impact on pricing dynamics. Fluctuations in hydrochloric acid pricing have an impact on the cost structure of industries that employ chemicals as a raw material or intermediate product. Hydrochloric acid supply disruptions could interrupt downstream industries' operations, disrupting production schedules, inventory management and overall company continuity.
The global hydrochloric acid (HCL) market report would provide approximately 62 tables, 57 figures and 197 pages.
Target Audience 2024
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