my country’s hydrochloric acid production technology is basically mature and the market size is gradually declining

Hydrochloric acid is an aqueous solution of hydrogen chloride (HCl). It is mostly a colorless and transparent liquid with a strong pungent odor. It is highly corrosive and soluble in water, ethanol and other liquids. As an important chemical raw material, hydrochloric acid is mostly used to make zinc chloride, ammonium chloride, barium chloride, calcium chloride, ferric chloride and other products. It is used in food, medicine, chemical industry, textile, sugar, leather, chemical industry, etc. Reagents and other fields have been widely used.

After years of development, my country’s hydrochloric acid production technology has been basically mature, and can be roughly divided into sodium chloride and sulfuric acid reaction method, hydrogen chloride and water reaction method, etc. Among them, the sodium chloride and sulfuric acid reaction method has lower production costs but slower reaction speed and lower production efficiency, and is gradually being replaced by the hydrogen chloride and water reaction method. The hydrogen chloride and water reaction method has the advantages of fast reaction speed and high production efficiency, and has become a mainstream production method in the industry.

At this stage, my country’s hydrochloric acid industry chain has basically matured. The upstream of the industrial chain is mainly the raw material industry and the production equipment industry, providing raw materials such as sodium chloride, liquid chlorine, ammonium chloride, and related production equipment such as circulation tanks, jet pumps, dilute acid pumps, synthesis furnaces, and absorption towers; the midstream is mainly hydrochloric acid The production industry is produced through a variety of production methods; the downstream is mainly oriented to application fields, which can be roughly divided into analytical chemistry, daily use, industrial use, other uses, etc. Among them, industrial use accounts for the largest share of the overall market, accounting for 71.8%; followed by analytical chemistry, accounting for 11.9%; ranking third is daily use, accounting for 8.4%.

According to the “China Hydrochloric Acid Industry Market Analysis Research Report 2023-2027” released by the Industrial Research Center, in recent years, hydrochloric acid has been used as a An important chemical raw material, it is widely used in the industrial field and its market penetration rate is gradually increasing. However, due to the impact of the epidemic, my country’s economic growth has slowed down, industry and manufacturing have been affected to a certain extent, and the demand for hydrochloric acid has gradually declined. Against this background, the scale of my country’s hydrochloric acid market has shown a steady downward trend. In 2022, my country’s hydrochloric acid market size will be approximately 1.935 billion yuan, a year-on-year decrease of 13%.

Industry analysts said that there are a large number of companies in my country’s hydrochloric acid market, the industry concentration is low, and a stable competition pattern has not yet been formed. At present, the largest hydrochloric acid companies in my country mainly include Chlor-Alkali Chemical, Hongri Group, Haotian Chemical, Bohai Chemical, Honghe Chemical, Shenyang Chemical, Zhongyan Chemical, Nanning Chemical, etc. In addition, there are a large number of small and medium-sized enterprises in my country’s hydrochloric acid market. These enterprises have small industrial scales, relatively backward production processes, and relatively weak market competitiveness. As my country’s large hydrochloric acid companies gradually expand, the living space of small and medium-sized enterprises is gradually squeezed, and they may disappear or merge in the future, and the concentration of the hydrochloric acid market is expected to increase.