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Hydrochloric Acid Electrolysis Market Share

ID: MRFR/CnM/2801-CR
70 Pages
Anshula Mandaokar
August 2017

Hydrochloric Acid Electrolysis Market Research Report Information Report, By Technology (ODC Electrolysis, Dupont Gas Phase Electrolysis, Diaphragm Electrolysis, Sumitomo Process and others), By Application (PVC Production & Chlorination, Polyurethane Industry, Metal Pickling, Fertilizers, Oil & Gas and others), and By Region - Forecast To 2035

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Hydrochloric Acid Electrolysis Market Infographic
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Market Share

Hydrochloric Acid Electrolysis Market Share Analysis

Replacement of Mercury Cell Plants

The global chlor-alkali industry is gradually moving away from using mercury cell technology. This shift is a result of the UN Environment Minamata Convention on Mercury, a global agreement aimed at safeguarding human health and the environment from the harmful effects of mercury. Euro-Chlor notes that European chlor-alkali producers utilizing mercury technology must either convert or dismantle their mercury production plants by 2020. In 2016, mercury technology represented 17.4% of EU chlorine production capacity, whereas membrane production accounted for 66%. Many other regions are expected to follow suit in phasing out mercury cell technology. The chlor-alkali industry is actively seeking safe and cost-effective solutions for chlorine generation processes that are both environmentally sustainable and economically viable to meet the necessary capacity. The eventual discontinuation of mercury cell plants is anticipated to drive the adoption of various HCl electrolysis methods.

ODC Electrolysis was the leading market contributor in 2016, holding the largest share of 28.70% with a market value of USD 358.0 million. It is expected to maintain its growth momentum and achieve the highest Compound Annual Growth Rate (CAGR) of 7.34% during the forecast period. DuPont gas phase electrolysis secured the second-largest position in the market in 2016, valued at USD 294.4 million, and is projected to grow at a CAGR of 4.80%.

In terms of application, PVC Production & Chlorination dominated the market with the largest share of 30.20% in 2016, having a market value of USD 376.7 million. This segment is anticipated to continue its robust growth, with the highest CAGR of 5.49% during the forecast period. The Polyurethane Industry held the second-largest position in 2016, with a market value of USD 311.0 million, and is projected to grow at a CAGR of 4.95%.

 

Author
Anshula Mandaokar
Team Lead - Research

Anshula Mandaokar holds an academic degree in Chemical Engineering and has been contributing to the field for more than 5 years. She has expertise in Market Research and Business Consulting and serves as a Team Lead for a reputed Market Research firm under the Chemicals and Materials domain spectrum. She has worked on multiple projects, generating explicit results in a quick turnaround time. Her understanding of data interpretation justifies her role as a leader.

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FAQs

What is the forecast period of Hydrochloric Acid Electrolysis Market research report?

The forecast period for Hydrochloric Acid Electrolysis Market research report is 20250-2035.

Which region will lead the Hydrochloric Acid Electrolysis Market?

Hydrochloric Acid Electrolysis Market is dominated by APAC region.

Who are the key players in the Hydrochloric Acid Electrolysis Market?

The main players in the Market are Chemical MachineryCo. Ltd., Thyssenkrupp AG, CovestroAG, Mitsui Chemicals, Inc., DowDuPont, and Sumitomo Chemical Co. Ltd, Bluestar (Beijing)

Market Summary

The Global Hydrochloric Acid Electrolysis Market is projected to grow from 2500 USD Million in 2024 to 5000 USD Million by 2035.

Key Market Trends & Highlights

Hydrochloric Acid Electrolysis Market Key Trends and Highlights

  • The market is expected to witness a compound annual growth rate (CAGR) of 6.5 percent from 2025 to 2035.
  • By 2035, the market valuation is anticipated to reach 5000 USD Million, indicating robust growth potential.
  • In 2024, the market is valued at 2500 USD Million, reflecting a strong foundation for future expansion.
  • Growing adoption of electrolysis technology due to increasing demand for sustainable chemical processes is a major market driver.

Market Size & Forecast

2024 Market Size 2500 (USD Million)
2035 Market Size 5000 (USD Million)
CAGR (2025 - 2035) 6.5%
Largest Regional Market Share in 2024 -)

Major Players

Apple Inc (US), Microsoft Corp (US), Amazon.com Inc (US), Alphabet Inc (US), Berkshire Hathaway Inc (US), Tesla Inc (US), Meta Platforms Inc (US), Johnson & Johnson (US), Visa Inc (US), Procter & Gamble Co (US)

Market Trends

Hydrochloric Acid Electrolysis Market Market Drivers

Rising Demand for Chlorine Derivatives

The Global Hydrochloric Acid Electrolysis Market Industry experiences a notable increase in demand for chlorine derivatives, which are essential in various industrial applications. Industries such as pharmaceuticals, textiles, and water treatment rely heavily on chlorine compounds. As the global population grows, the need for these products intensifies, leading to an anticipated market value of 2500 USD Million in 2024. This trend suggests that the electrolysis of hydrochloric acid will play a crucial role in meeting the rising demand for chlorine derivatives, thereby driving growth in the industry.

Growing Applications in the Food Industry

The Global Hydrochloric Acid Electrolysis Market Industry sees a growing application of hydrochloric acid in the food sector, particularly in food processing and preservation. Hydrochloric acid is utilized for pH adjustment and as a food additive, which is crucial for maintaining food safety and quality. As consumer awareness regarding food safety increases, the demand for hydrochloric acid in food applications is likely to rise. This trend may further bolster the market, as food manufacturers seek reliable sources of hydrochloric acid produced through electrolysis.

Technological Advancements in Electrolysis

Innovations in electrolysis technology are significantly impacting the Global Hydrochloric Acid Electrolysis Market Industry. Advances in electrode materials, energy efficiency, and process optimization are enhancing the overall performance of electrolysis systems. These technological improvements not only reduce operational costs but also increase the yield of hydrochloric acid, making the process more economically viable. As these technologies continue to evolve, they are expected to attract investments and drive market expansion, potentially doubling the market size to 5000 USD Million by 2035.

Increased Investment in Chemical Manufacturing

The Global Hydrochloric Acid Electrolysis Market Industry benefits from increased investments in chemical manufacturing, particularly in emerging economies. As countries strive to enhance their industrial capabilities, investments in chemical production facilities are on the rise. This influx of capital is expected to support the development of electrolysis technologies, thereby expanding the market for hydrochloric acid. The anticipated growth in chemical manufacturing could lead to a more robust market environment, fostering innovation and efficiency in hydrochloric acid production.

Environmental Regulations and Sustainability Initiatives

The Global Hydrochloric Acid Electrolysis Market Industry is influenced by stringent environmental regulations aimed at reducing harmful emissions and promoting sustainable practices. Governments worldwide are implementing policies that encourage the adoption of cleaner technologies, including electrolysis processes that minimize waste and energy consumption. This regulatory landscape is likely to propel the market forward, as companies seek to comply with these regulations while enhancing their sustainability profiles. The shift towards greener production methods may contribute to a projected market growth rate of 6.5% CAGR from 2025 to 2035.

Market Segment Insights

Regional Insights

Key Companies in the Hydrochloric Acid Electrolysis Market market include

Industry Developments

Future Outlook

Hydrochloric Acid Electrolysis Market Future Outlook

The Hydrochloric Acid Electrolysis Market is projected to grow at 6.5% CAGR from 2024 to 2035, driven by increasing demand for sustainable chemical processes and advancements in electrolysis technology.

New opportunities lie in:

  • Develop innovative electrolysis systems to enhance efficiency and reduce operational costs.
  • Expand into emerging markets with tailored solutions for local industries.
  • Invest in R&D for eco-friendly hydrochloric acid production methods.

By 2035, the Hydrochloric Acid Electrolysis Market is expected to be robust, reflecting substantial growth and technological advancements.

Market Segmentation

Report Scope

Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   Substantial CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data    2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and Application
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Chemical MachineryCo. Ltd., Thyssenkrupp AG, CovestroAG, Mitsui Chemicals, Inc., DowDuPont, and Sumitomo Chemical Co. Ltd, Bluestar (Beijing)
  Key Market Opportunities   An electrolysis cell with an anion exchange membrane was designed, which allows only the passage of chlorine anions from the catholyte to the anolyte, separating the gases in one step.
  Key Market Drivers   The HCl electrolysis market is mainly driven by the fact that the process makes the companies independent of the volatile prices of hydrochloric acid and chlorine in the foreign market.

FAQs

What is the forecast period of Hydrochloric Acid Electrolysis Market research report?

The forecast period for Hydrochloric Acid Electrolysis Market research report is 20250-2035.

Which region will lead the Hydrochloric Acid Electrolysis Market?

Hydrochloric Acid Electrolysis Market is dominated by APAC region.

Who are the key players in the Hydrochloric Acid Electrolysis Market?

The main players in the Market are Chemical MachineryCo. Ltd., Thyssenkrupp AG, CovestroAG, Mitsui Chemicals, Inc., DowDuPont, and Sumitomo Chemical Co. Ltd, Bluestar (Beijing)

  1. Executive Summary
    1. Market Synopsis 10
  2. Introduction
    1. Definition 11
    2. Scope of Study 11
    3. Assumptions
    4. Market Structure 12
  3. Research Methodology
    1. Research Process 13
    2. Primary Research 13
    3. Secondary
    4. Research 14
    5. Market Size Estimation
    6. Forecast Model 16
  4. Market Dynamics
    1. Introduction 17
      1. Making business free
      2. Reduced risk in HCl transportation 19
      3. Reduced Cost of HCl Neutralization and Disposal 19
    2. Drivers 18
    3. of volatile chlorine and HCl prices 18
    4. Reduced need to develop new chlor-alkali plants 18
    5. Impact Analysis 20
      1. Existence
    6. Restraints 20
    7. of other proven technologies 20
    8. Environmental impact of Chlorine 20
    9. Impact Analysis 21
    10. Opportunity
      1. Replacing mercury cell
      2. Potential in regions
      3. Decommissioning of mercury cell technology 23
    11. plants 21
    12. for high chlorine demand 22
    13. Macroeconomic Factors 22
    14. Impact of oil price volatility in chemical industry 22
  5. Market Factor
    1. Analysis
    2. Porter's Five Forces
      1. Threat of New Entrants
      2. Bargaining Power of
      3. Bargaining
      4. Threat
      5. Rivalry
    3. Analysis 24
    4. Suppliers 24
    5. Power of Buyers 25
    6. of Substitutes 25
    7. Value Chain Analysis
      1. Raw Material 26
      2. Production Process 26
    8. Electrolysis Technology 26
    9. End-Users 26
  6. Global Hydrochloric Acid Electrolysis Market, By Technology
    1. Overview 28
      1. DuPont
      2. Others
    2. ODC Electrolysis 28
    3. gas phase electrolysis 28
    4. Diaphragm Electrolysis 28
    5. Sumitomo Process 28
  7. Global Hydrochloric Acid Electrolysis Market, By Application
    1. Overview 32
      1. Fertilizers
      2. Oil and Gas 33
      3. Others 33
    2. PVC Production & Chlorination 32
    3. Polyurethane Industry 32
    4. Metal Pickling 33
  8. Global Hydrochloric Acid Electrolysis Market, By Region
    1. Introduction 36
      1. U.S. 39
      2. Canada 40
      3. Germany 43
      4. Portugal 45
    2. North America 37
    3. Europe 42
    4. France 46
    5. Asia-Pacific 48
      1. China 50
      2. India 53
    6. Japan 51
    7. Rest of the World 55
  9. Company Profiles
    1. Thyssenkrupp AG 57
    2. Overview 57
    3. SWOT Analysis 59
    4. Pont de Nemours and Company 60
    5. Company Overview 60
    6. Overview 60
    7. SWOT Analysis 62
    8. AG 63
    9. Service Offering 64
    10. Service Offering 66
    11. Ltd. 67
    12. Service Offering 68
    13. machinery Co. Ltd. 69
    14. Company Overview 69
    15. Overview 69
  10. Company
  11. Financial Overview
  12. Service Offering 58
  13. Strategy 58
    1. E. I. du
      1. Financial
      2. Service Offering 61
      3. Strategy 61
    2. Covestro
      1. Company Overview 63
      2. Financial Overview 63
      3. Strategy
    3. Mitsui Chemicals, Inc.
      1. Company Overview 65
      2. Financial Overview 65
      3. Strategy
    4. Sumitomo Chemical Co.
      1. Company Overview 67
      2. Financial Overview 67
      3. Strategy
    5. Bluestar (Beijing) chemical
      1. Financial
      2. Product Offering 69
      3. Strategy 69
  14. List of Tables
    1. TABLE
  15. DIFFERENCE IN ENERGY CONSUMPTION BETWEEN VARIOUS CHLORINE PRODUCTION TECHNOLOGIES
  16. COMPARISION OF TECHNOLOGIES
    1. USED FOR HYDROCHLORIC ACID ELECTROLYSIS PROCESS 29
  17. GLOBAL HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY,
    1. TABLE
  18. GLOBAL HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2020-2027 (USD MILLION)
  19. POLYURETHANE INDUSTRY:
    1. PRODUCTION PROCESS, 2020-2027 (USD MILLION) 34
  20. GLOBAL HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY REGION, 2020-2027
    1. (USD MILLION) 36
  21. NORTH
  22. AMERICA HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY COUNTRY, 2020-2027 (USD MILLION)
  23. NORTH AMERICA HYDROCHLORIC
  24. ACID ELECTROLYSIS MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 38
  25. NORTH AMERICA HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,
    1. TABLE
  26. U.S.: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION)
  27. U.S.: HYDROCHLORIC
  28. ACID ELECTROLYSIS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 40
  29. CANADA: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY
    1. TABLE
  30. CANADA: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2020-2027 (USD
    1. MILLION) 41
  31. EUROPE: HYDROCHLORIC
  32. ACID ELECTROLYSIS MARKET, BY COUNTRY 2020-2027 (USD MILLION) 42
  33. EUROPE: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY
    1. TABLE
  34. EUROPE: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2020-2027 (USD
    1. MILLION) 43
  35. GERMANY: HYDROCHLORIC
  36. ACID ELECTROLYSIS MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 44
  37. GERMANY: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,
    1. TABLE
  38. PORTUGAL: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY 2020-2027 (USD
    1. MILLION) 45
  39. PORTUGAL: HYDROCHLORIC
  40. ACID ELECTROLYSIS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 46
  41. FRANCE: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY
    1. TABLE
  42. FRANCE: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2020-2027 (USD
    1. MILLION) 47
  43. ASIA-PACIFIC: HYDROCHLORIC
  44. ACID ELECTROLYSIS MARKET, BY COUNTRY 2020-2027 (USD MILLION) 48
  45. ASIA-PACIFIC: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY
    1. TABLE
  46. ASIA-PACIFIC: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2020-2027
    1. (USD MILLION) 49
  47. CHINA:
  48. HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 50
  49. CHINA: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION,
    1. TABLE
  50. JAPAN: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION)
  51. JAPAN: HYDROCHLORIC
  52. ACID ELECTROLYSIS MARKET, BY APPLICATION, 2020-2027 (USD MILLION) 52
  53. INDIA: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY
    1. TABLE
  54. INDIA: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY APPLICATION, 2020-2027 (USD
    1. MILLION) 54
  55. REST OF THE WORLD:
  56. HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY TECHNOLOGY 2020-2027 (USD MILLION) 55
  57. REST OF THE WORLD: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY
    1. APPLICATION, 2020-2027 (USD MILLION) 55
  58. List of Figures
  59. RESEARCH PROCESS OF MRFR 13
  60. TOP DOWN & BOTTOM UP APPROACH 15
  61. DRIVERS, RESTRAINTS, AND OPPORTUNITIES OF GLOBAL HYDROCHLORIC
    1. ACID ELECTROLYSIS MARKET 17
    2. FIGURE
  62. GROWTH DRIVERS: IMPACT ANALYSIS 20
    1. FIGURE
  63. GROWTH BARRIERS: IMPACT ANALYSIS 21
    1. FIGURE
  64. CHLOR ALKALI INDUSTRY – NUMBER OF PLANTS AND CAPACITY OF MERCURY ELECTROLYSIS
    1. UNITS, 2002-2015 22
  65. PORTER'S
    1. FIVE FORCES ANALYSIS OF GLOBAL HYDROCHLORIC ACID ELECTROLYSIS MARKET 24
  66. VALUE CHAIN ANALYSIS OF GLOBAL HYDROCHLORIC ACID ELECTROLYSIS
    1. MARKET 25
  67. GLOBAL HYDROCHLORIC
  68. ACID ELECTROLYSIS MARKET, BY REGION, 2020(%) 36
  69. NORTH AMERICA: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY COUNTRY,
  70. EUROPE: HYDROCHLORIC
  71. ACID ELECTROLYSIS MARKET, BY COUNTRY, 2020(%) 42
  72. ASIA-PACIFIC: HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY COUNTRY,
  73. REST OF THE WORLD:
  74. HYDROCHLORIC ACID ELECTROLYSIS MARKET, BY REGION 2020-2027 (USD MILLION) 55
  75. THYSSENKRUPP AG: TOTAL REVENUE VS SEGMENTAL REVENUE, 2020-2027(USD
    1. MILLION) 57
  76. THYSSENKRUPP AG:
    1. GEOGRAPHIC REVENUE MIX, 2020(%) 58
    2. FIGURE
  77. E. I. DU PONT DE NEMOURS AND COMPANY: TOTAL REVENUE, 2020-2027(USD MILLION) 60
  78. E. I. DU PONT DE NEMOURS AND COMPANY: GEOGRAPHIC REVENUE MIX,
  79. COVESTRO AG: TOTAL
    1. REVENUE, 2020-2027(USD MILLION) 63
    2. FIGURE
  80. COVESTRO AG: GEOGRAPHIC REVENUE MIX, 2020(%) 64
  81. MITSUI CHEMICALS, INC.: TOTAL REVENUE, 2020-2027(USD MILLION)
  82. MITSUI CHEMICALS,
    1. INC.: GEOGRAPHIC REVENUE MIX, 2020(%) 66
  83. SUMITOMO CHEMICAL CO. LTD.: TOTAL REVENUE, 2020-2027(USD MILLION)
  84. SUMITOMO CHEMICAL
    1. CO. LTD.: GEOGRAPHIC REVENUE MIX, 2020(%) 68

Hydrochloric Acid Electrolysis Market Segmentation

Market Segmentation Overview

  • Detailed segmentation data will be available in the full report
  • Comprehensive analysis by multiple parameters
  • Regional and country-level breakdowns
  • Market size forecasts by segment
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