Hydrochloric acid (HCl) is manufactured by mixing hydrogen chloride gas with water. It is highly corrosive and reacts with all metals to form explosive hydrogen gas. It aids in producing vinyl chloride (C2H3Cl) and dichloromethane (CH2Cl2) for making plastics. It is used to prepare compounds needed for water treatment, which include polyaluminium chloride (PAC), iron, and chloride. It is employed to neutralize alkaline residues in cotton and enhance the bleaching process of the fabric in the textile industry. As a result, it is widely utilized in food manufacturing, steel processing, oil procuring, ore processing, and producing batteries across the globe.
The increasing demand for HCl in manufacturing soy sauce, ketchup, crackers, and soft drinks, along with the burgeoning food and beverage (F&B) industry around the world, represents one of the key factors driving the market. Besides this, the rising production of hydrolyzed vegetable protein for vegan consumers is propelling the growth of the market. In addition, the increasing utilization of HCl in the steel industry to remove iron oxide and scales on the surface of the steel is contributing to the growth of the market. Apart from this, the growing demand for HCl in the pharmaceutical industry to control the pH of medicinal products is offering a favorable market outlook. Additionally, the increasing production of batteries due to the rising purchase of electronic devices is strengthening the growth of the market. Moreover, the growing oil extraction activities to provide sufficient fuel for vehicles and airplanes across the globe are positively influencing the market. Furthermore, key market players are extensively investing in research and development (R&D) activities to enhance the manufacturing process of HCl. They are also focusing on mergers and acquisitions (M&A) to boost product sales and expand their customer base, which is expected to bolster the growth of the market.
This production cost analysis report by Syndicated Analytics is the result of a comprehensive examination of the hydrochloric acid manufacturing process. The study covers all the requisite aspects that one needs to know while making a foray into the hydrochloric acid industry. It is based on the latest economic data and presents exhaustive insights about the primary process flow, raw material requirements, reactions involved, utility costs, operating costs, capital investments, pricing, margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake in the hydrochloric acid industry.
The following technical and economic aspects are included in the report:
Impact of COVID-19
Mass Balance and Raw Material Requirements
Various Types of Unit Operations Involved
Raw Material Costs
Land and Construction Costs
Key Questions Answered in This Report?
What are the various unit operations involved in manufacturing hydrochloric acid?
What are the raw material requirements and costs in manufacturing hydrochloric acid?
What are the utility requirements and costs in manufacturing hydrochloric acid?
What are the manpower requirements and costs in manufacturing hydrochloric acid?
What are the packaging requirements and costs in manufacturing hydrochloric acid?
What are the transportation requirements and costs in manufacturing hydrochloric acid?
What are the land requirements and costs in manufacturing hydrochloric acid?
What are the construction requirements and costs in manufacturing hydrochloric acid?
What are the profit margins in hydrochloric acid?
What should be the pricing mechanism of hydrochloric acid?
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2 Scope and Methodology
2.1 Objectives of the Study
2.3 Research Methodology
3 Executive Summary
4 Global Hydrochloric Acid Market
4.1 Market Overview
4.2 Historical and Current Market Performance
4.3 Impact of COVID-19
4.4 Market Forecast
4.5 Market Breakup by Segment
4.6 Market Breakup by Region
4.7 Price Trends
4.7.1 Hydrochloric Acid Price Trends
4.7.2 Product Margins
5 Hydrochloric Acid Manufacturing Process
5.1 Product Overview
5.2 Detailed Process Flow
5.3 Various Types of Unit Operations Involved
5.4 Mass Balance and Raw Material Requirements
6 Production Cost Analysis
6.1 Raw Material Cost Analysis
6.1.1 Price Trend of Raw Materials Required
6.1.2 Total Expense on Raw Materials
6.2 Utility Cost Analysis
6.2.1 Electricity Costs
6.2.2 Steam Costs
6.2.3 Process Water Costs
6.2.4 Total Expense on Utilities
6.3 Operating Cost Analysis
6.3.1 Salaries and Wages
6.3.2 Plant Overheads
6.3.3 Tax and Insurance
6.3.4 Packaging Costs
6.3.5 Transportation Costs
6.3.6 Sales and Administration Costs
6.3.7 Total Operating Costs
6.4 Capital Cost Analysis
6.4.1 Land and Site Development Costs
6.4.2 Civil Work Costs
6.4.3 Plant Machinery and Commissioning Costs
184.108.40.206 Plant Machinery Costs
220.127.116.11 Auxiliary Equipment Cost
18.104.22.168 Electrical Works and Piping Costs
22.214.171.124 Other Fixed Costs
6.4.4 Working Capital Requirements for Plant Operation
6.4.5 Total Capital Investment Required
6.5 Total Production Cost
7.1 Raw Material Suppliers
7.2 Pant Machinery Suppliers
List of Figures
Figure 1: Global: Hydrochloric Acid Market: Major Drivers and Challenges
Figure 2: Global: Hydrochloric Acid Market: Value Trends (in Million US$), 2016-2021
Figure 3: Global: Hydrochloric Acid Market Forecast: Value Trends (in Million US$), 2022-2027
Figure 4: Global: Hydrochloric Acid Market: Breakup by Segment (in %), 2021
Figure 5: Global: Hydrochloric Acid Market: Breakup by Region (in %), 2021
Figure 6: Hydrochloric Acid: Price Trends, 2016 & 2021
Figure 7: Hydrochloric Acid: Margins Across Various Stages of the Supply Chain
Figure 8: Hydrochloric Acid: Breakup of Costs
Figure 9: Hydrochloric Acid Price Structure
Figure 10: Hydrochloric Acid: Manufacturing Process Flow
Figure 11: Hydrochloric Acid: Manufacturing Process: Conversion Rate of Raw Materials
Figure 12: Hydrochloric Acid: Raw Material Price Trends, 2016 & 2021
List of Tables
Table 1: Hydrochloric Acid Manufacturing: Raw Material Requirements
Table 2: Hydrochloric Acid Manufacturing: Raw Material Costs
Table 3: Hydrochloric Acid Manufacturing: Electricity Costs
Table 4: Hydrochloric Acid Manufacturing: Steam Costs
Table 5: Hydrochloric Acid Manufacturing: Process Water Costs
Table 6: Hydrochloric Acid Manufacturing: Total Utility Costs
Table 7: Hydrochloric Acid Manufacturing Plant: Costs Related to Salaries and Wages
Table 8: Hydrochloric Acid Manufacturing: Packaging Costs
Table 9: Hydrochloric Acid Manufacturing: Transportation Costs
Table 10: Hydrochloric Acid Manufacturing: Sales and Administration Costs
Table 11: Hydrochloric Acid Manufacturing: Total Operating Costs
Table 12: Hydrochloric Acid Manufacturing: Costs Related to Land and Site Development
Table 13: Hydrochloric Acid Manufacturing: Costs Related to Civil Works
Table 14: Hydrochloric Acid Manufacturing: Costs Related to Plant Machinery
Table 15: Hydrochloric Acid Manufacturing: Costs Related to Auxiliary Equipment
Table 16: Hydrochloric Acid Manufacturing: Costs Related to Electrical works and Piping
Table 17: Hydrochloric Acid Manufacturing: Total Costs Related to Plant Machinery and Commissioning
Table 18: Hydrochloric Acid Manufacturing: Working Capital Requirements
Table 19: Hydrochloric Acid Manufacturing: Total Capital Investment Required
Table 20: Hydrochloric Acid Manufacturing: Total Production Cost
Table 21: Hydrochloric Acid Manufacturing: Raw Material Suppliers
Table 22: Hydrochloric Acid Manufacturing: Machinery Suppliers
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