What is HCL?
Hydrochloric acid is a “workhorse” chemical as it is incredibly useful in a wide variety of ways. Some of the key use cases of hydrochloric acid include the production of batteries, photoflash bulbs and fireworks, and to process steel. It’s also useful in processing sugar and making gelatin. Hydrochloric acid is a highly sensitive chemical substance that requires adequate safety precautions. This acid has a sharp odor and is highly corrosive, which means that it damages most things it comes into contact with. In case you are wondering how such a reactive liquid can be stored without ruining its container, plastic containers, such as those made of PVC (polyvinyl chloride) stand up very well for the storage of this acid.
SpendEdge’s latest procurement intelligence report on the global hydrochloric acid market gives emphasizes on the market drivers, procurement best practices, key suppliers, growth patterns, and several other key market insights on this market.
Top suppliers of hydrochloric acid
BASF
BASF was founded in the year 1865 and is currently headquartered in Germany. BASF is known to be the largest chemical producer in the world. The company’s products and solutions primarily aim at conserving resources, ensuring good nutrition, and improving quality of life. Their product portfolio includes chemicals, plastics, performance chemicals, catalysts, coatings, crop technology, crude oil, and natural gas exploration and production. BASF offers hydrochloric acid in various grades, meeting always highest purity standards.
Merck KGaA
Having a rich history of over 350 years, Merck KGaA is the world’s oldest operating chemical and pharmaceutical company in the world. Merck KGaA is a global company with approximately 53,000 employees spanning across 66 countries. In the year 1967, the company initiated its involvement in liquid crystals, leading to its market-leading role today. Liquid crystals account for a major chunk of the company’s profits at present. Currently, the company is the world leader in producing liquid crystals for Flat-TV’s and monitors.
Kemira
Kemira was founded in the year 1920 in Finland. In the initial years, the company focused on meeting the growing needs for chemistries in the industrial, mining and fertilizer sectors. Over several decades, the company gained expertise in several including- paints, pigments, manufacturing, textile fibers, and other materials. The company’s pure hydrochloric acid is made by using membrane grade (BAT) chlorine, hydrogen, and demineralized water.
Thermo Fisher
This American biotechnology product development company was founded in the year 2006 by the merger of two companies-Thermo Electron and Fisher Scientific. The company currently operates in over 50 countries with a total workforce of approximately 70,000 employees. One of the key features of the hydrochloric acid offered by this company is that it is packaged in ampules to eliminate contamination and ensure product integrity.
Solvay
Solvay is a global chemical and materials company headquartered in Brussels, Belgium. With a history dating back to 1863, Solvay is known for its innovations in the chemical industry. The company operates in various sectors, including chemicals, advanced materials, and specialty chemicals, serving industries such as aerospace, automotive, energy, and healthcare. Solvay is committed to sustainability and has a strong focus on developing eco-friendly solutions and reducing its environmental footprint. It continues to be a leading player in the chemical and materials industry, contributing to technological advancements and addressing global challenges through its research and innovation efforts.
Occidental Petroleum Corporation
Occidental Petroleum Corporation, often referred to as Oxy is a prominent American multinational energy company headquartered in Houston, Texas. Established in 1920, it has become a major player in the oil and gas industry, involved in the exploration, production, and marketing of hydrocarbons, as well as chemicals. Oxy operates globally, with a strong presence in the United States, the Middle East, and Latin America. The company emphasizes sustainability and has made strides in reducing its carbon footprint through innovative technologies. Notably, it acquired Anadarko Petroleum in 2019, further solidifying its position as a leading energy provider with a commitment to environmental responsibility.
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