Europe Hydrochloric Acid Market is expected to grow with a CAGR of 5.4% in the forecast period of 2023 to 2030. The years considered for the study are as mentioned below.
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Europe hydrochloric acid market is a fragmented market, which includes a specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favorable market scenarios.
The major players dealing in the Europe hydrochloric acid market are introducing a strong range of products provider along with adopting strategic initiatives such as publications, acquisition, business expansion, and awards and recognition into the market. This helped companies to maximize sales with an enhanced product portfolio.
For instance,
- In January 2022, The Houston Texans and 1PointFive announced an arrangement for the company to buy carbon offset credits and serve as the team's preferred carbon offset partner. As a result of the partnership, 1PointFive will take on the role of the Texans' Preferred Carbon Removal Partner and collaborate with them to inform fans about DAC and the value of carbon removal.
- In January 2019, AGC Chemicals Americas acquired Malgrat Pharma Chemicals (MPC) located in Spain which was a subsidiary of Boehringer Ingelheim. MPC primarily focuses on the manufacturing of synthetic pharmaceutical active ingredients utilized in pharmaceutical products produced by chemical synthesis. This enabled the company to manufacture its own Active Pharmaceutical Ingredients (APIs) which further helps to improve the productivity and profit margin of the company.
DuPont is the dominating player in the Europe hydrochloric acid market. The other key players operating in the market include AGC Chemicals Americas, BASF SE, Covestro AG, Detrex Corporation, EVERGROW, ICL, INOVYN, Ishtar Company LLC, Nouryon, Occidental Petroleum Corporation, Olin Corporation, Orica Limited, SEQENS, Solvay, Tessenderlo Group, TIB Chemicals AG, Tronox Holdings plc, Vynova Group, and Westlake Corporation among others.
DUPONT
DuPont was founded in 1802 and is headquartered in Delaware, U.S. The company is engaged in supplying electronics, next-generation automotive, water, industrial technologies, and others. The company has product categories that include Construction Materials, Fabrics, Fibers & Nonwovens, Packaging Materials & Solutions, Personal Protective Equipment, Solar/Photovoltaic Materials, Medical Devices & Materials, Water Solutions, Electronic Solutions, and Adhesives, out of which Water Solutions is the market-focused category.
The company has a wide global presence across Asia-Pacific, Europe, Middle East and Africa, North America, and South America. The subsidiaries of the company are Dow (U.S.), DuPont (Korea) Inc (Korea), Performance Specialty Products (India) Private Limited (India), DowAksa (Turkey), and E.I. DuPont Canada Co (Canada) among others.
For instance,
- In April 2022, as contracts and local laws permit, DuPont Water Solutions will add a 3% energy premium to every product in our purification and separation portfolio
TRONOX HOLDINGS PLC
Tronox Holdings plc is headquartered in Connecticut, U.S. The company is engaged in mining and processing titanium ore, zircon, and other minerals and manufactures titanium dioxide pigments with several byproducts, which are used in different applications. The company has product categories such as Titanium Dioxide Pigment (TiO2), Mineral Sands, Ultrafine and Specialty Titanium Dioxide (TiO2), Titanium Chemicals, and Other Products and Couture, out of which Other Products is the market-focused category.
The company has a wide global presence across Asia-Pacific, Europe, Middle East and Africa, North America, and South America. The subsidiaries of the company are Tronox Inc. (U.S.), Tronox Mineral Sands Proprietary Limited (U.S.), Tronox Holdings (Australia) Pty Ltd (Australia), Tronox UK Holdings Limited (U.K.), and Kerr-McGee Chemical GmbH (Germany) among others.
For instance,
- In May 2020, Tronox Holdings plc company decided to acquire the Norwegian Titanium Smelting Facility which helps to increase the production of Titanium and also the by-products. This update helped to increase the production of hydrochloric acid and other chemicals also.
- In April 2019, Tronox Holdings plc company decided to acquire Cristal which helps to increase the production of Titanium and also the by-products. This update helped to increase the production of hydrochloric acid and other chemicals also.
INOVYN
INOVYN is headquartered in London, U.K. The company is engaged in the manufacturing of a wide range of chemicals that are used as raw materials in almost every industrial process. The company has product categories such as Organic Chlorine Derivatives, Chlor Alkali, General Purpose Vinyls, Specialty Vinyls, and Technologies, out of which Chlor Alkali is the market-focused category.
The company has a wide presence across Europe.
For instance,
- In November 2017, INOVYN decided to invest in a new cell room in Cologne, Germany to produce chlorine and caustic soda. With the expansion, the production of the chemicals of by-products also increased. This update helped the company to increase its revenue.
