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The market for hydrofluoric acid was estimated to be worth USD 3.9 billion in 2022 and is anticipated to increase to USD 4.9 billion by 2030, expanding at a compound annual growth rate of 6.9% from 2023 to 2030.
Hydrogen fluoride, a colorless, caustic liquid or vapor, is created when a hydrogen atom reacts with a fluorine atom. It can exist as a liquid that fumes, as a colorless gas, or as a substance that dissolves in water. When hydrogen fluoride dissolves in water, hydrofluoric acid is created. The market for hydrofluoric acid is divided into three categories based on concentration: AHF, DHF (over 50% concentration), and DHF (below 50% concentration). Applications such as the manufacturing of fluorocarbons, fluorinated derivatives, metal pickling, glass etching and cleaning, oil refining, the production of uranium fuel, and others are used to segment the market.
In the chemical industry, hydrofluoric acid is used to create fluorine compounds such fluorides, fluorocarbons, and fluoropolymers. The liquid form of hydrofluoric acid is colorless, transparent, and has a pungent odor. Fluorocarbons come in two primary varieties: hydrofluorocarbons and hydrofluoroolefins. All of these are refrigerants. The market for hydrofluoric acid may grow faster as a result of the rising need for refrigerants. The major component of hydrofluoric acid is hydrogen fluoride in solution. Numerous sectors, including those that deal with semiconductors, glass, oil, microelectronics, and refrigerants, use hydrofluoric acid in a variety of ways.
Fluorocarbon is becoming more and more necessary for the manufacture of products like glass printing, glass cleaning, oil refining, and others. This is fueling the market expansion for hydrofluoric acid. The market for hydrofluoric acid will be driven by the usage of fluorocarbons as refrigerants and the growing demand for refrigerants. Additionally, cable wires and cookware both employ hydrofluoric acid. It provides a matte surface with superior enamel-resin retention for cookware, and it lessens smoke toxicity and equipment damage in cable wires. The market for hydrofluoric acid is expanding because to the rising sales of cable wire and cookware. Both the production of aluminum and the production of aluminum fluoride need hydrofluoric acid as a raw material. Aluminum is being used more often in a variety of sectors, including the automotive and manufacturing industries, which will increase demand for hydrofluoric acid. However, several nations have restrictions on the use of fluorocarbon refrigerants, which slows the market expansion for hydrofluoric acid.
Industrial hydrofluoric acid is an inorganic acid that is colorless and has a strong, pungent smell. It is created when water and hydrogen fluoride combine. Fluorine chemicals, such as fluorocarbons, fluorides, and fluoro-polymers, are frequently produced using hydrofluoric acid. Hydrofluoric acid is used in businesses and labs for etching glass and enamel, eliminating rust and stains, and cleaning brass and crystal. Industrial hydrofluoric acid is also used in the manufacturing of fluorocarbons, metal pickling, uranium fuel, fluorinated derivatives, and oil refining.
Industrial hydrofluoric acid is used as a building block or intermediary in the synthesis of a number of fluoro-chemicals. It is used as a raw material to manufacture fluorocarbons like hydrofluoro olefins, hydrofluorocarbons, and hydrochlorofluorocarbons as a source of fluorine. These fluorocarbons are frequently found in refrigeration and air conditioning systems. Due to the greater number of fluorocarbon manufacturers in the Asia-Pacific area, the big companies in the region can be the largest shareholders. As a result, nations like Japan, South Korea, China, India, Indonesia, and Malaysia continue to expand quickly as a manufacturing base for numerous sectors. The major players in the hydrofluoric acid market are engaging in a variety of strategic initiatives, including R&D, the creation of new products, and acquisitions. As a result of its role as a precursor to drugs like Prozac, hydrofluoric acid is increasingly in demand from the pharmaceutical industry, which drives up demand for the market for the substance.
The increased use of industrial hydrofluoric acid in the synthesis of fluorine compounds is what is driving the hydrofluoric acid market. These fluorine compounds include, among others, fluorochemicals, fluorides, and fluorocarbons. The market is also expanding due to the rising demand for fluorocarbons used as cooling agents in air conditioners and refrigeration equipment. The increase in demand for hydrofluoric acid, which is used to make aluminum fluoride, which is then used to make aluminum goods, can be attributed to the market's expansion. As a result, the global market for hydrofluoric acid is expanding as a result of the increasing use of aluminum across end-use industries like manufacturing, packaging, and the automotive industry, among others.
Report Coverage
Global Hydrofluoric Acid research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Hydrofluoric Acid report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Hydrofluoric Acid competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Hydrofluoric Acid market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Hydrofluoric Acid market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Hydrofluoric Acid market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sigma-Aldrich Corporation, Mexichem S.A.B. de C.V., Sinochem Group, Daikin Industries, Ltd., Honeywell International Inc., Fluorchemie Gruppe, Lanxess Aktiengesellschaft, Zhejiang Yipeng Chemical Co., Ltd., Do-Fluoride Chemicals Co., Ltd., Solvay S.A.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Hydrofluoric Acid market based on the below-mentioned segments:
Global Hydrofluoric Acid Market, By Product Type
Electronic Hydrofluoric Acid
Industrial Hydrofluoric Acid
Global Hydrofluoric Acid market, By Application
Semiconductor Industry
Oil Industry
Glass Industry
Refrigerant Industry
Microelectronic Industry
Global Hydrofluoric Acid market, Regional Analysis
Hydrogen fluoride, a colorless, caustic liquid or vapor, is created when a hydrogen atom reacts with a fluorine atom. It can exist as a liquid that fumes, as a colorless gas, or as a substance that dissolves in water. When hydrogen fluoride dissolves in water, hydrofluoric acid is created. The market for hydrofluoric acid is divided into three categories based on concentration: AHF, DHF (over 50% concentration), and DHF (below 50% concentration). Applications such as the manufacturing of fluorocarbons, fluorinated derivatives, metal pickling, glass etching and cleaning, oil refining, the production of uranium fuel, and others are used to segment the market.
In the chemical industry, hydrofluoric acid is used to create fluorine compounds such fluorides, fluorocarbons, and fluoropolymers. The liquid form of hydrofluoric acid is colorless, transparent, and has a pungent odor. Fluorocarbons come in two primary varieties: hydrofluorocarbons and hydrofluoroolefins. All of these are refrigerants. The market for hydrofluoric acid may grow faster as a result of the rising need for refrigerants. The major component of hydrofluoric acid is hydrogen fluoride in solution. Numerous sectors, including those that deal with semiconductors, glass, oil, microelectronics, and refrigerants, use hydrofluoric acid in a variety of ways.
Fluorocarbon is becoming more and more necessary for the manufacture of products like glass printing, glass cleaning, oil refining, and others. This is fueling the market expansion for hydrofluoric acid. The market for hydrofluoric acid will be driven by the usage of fluorocarbons as refrigerants and the growing demand for refrigerants. Additionally, cable wires and cookware both employ hydrofluoric acid. It provides a matte surface with superior enamel-resin retention for cookware, and it lessens smoke toxicity and equipment damage in cable wires. The market for hydrofluoric acid is expanding because to the rising sales of cable wire and cookware. Both the production of aluminum and the production of aluminum fluoride need hydrofluoric acid as a raw material. Aluminum is being used more often in a variety of sectors, including the automotive and manufacturing industries, which will increase demand for hydrofluoric acid. However, several nations have restrictions on the use of fluorocarbon refrigerants, which slows the market expansion for hydrofluoric acid.
Industrial hydrofluoric acid is an inorganic acid that is colorless and has a strong, pungent smell. It is created when water and hydrogen fluoride combine. Fluorine chemicals, such as fluorocarbons, fluorides, and fluoro-polymers, are frequently produced using hydrofluoric acid. Hydrofluoric acid is used in businesses and labs for etching glass and enamel, eliminating rust and stains, and cleaning brass and crystal. Industrial hydrofluoric acid is also used in the manufacturing of fluorocarbons, metal pickling, uranium fuel, fluorinated derivatives, and oil refining.
Industrial hydrofluoric acid is used as a building block or intermediary in the synthesis of a number of fluoro-chemicals. It is used as a raw material to manufacture fluorocarbons like hydrofluoro olefins, hydrofluorocarbons, and hydrochlorofluorocarbons as a source of fluorine. These fluorocarbons are frequently found in refrigeration and air conditioning systems. Due to the greater number of fluorocarbon manufacturers in the Asia-Pacific area, the big companies in the region can be the largest shareholders. As a result, nations like Japan, South Korea, China, India, Indonesia, and Malaysia continue to expand quickly as a manufacturing base for numerous sectors. The major players in the hydrofluoric acid market are engaging in a variety of strategic initiatives, including R&D, the creation of new products, and acquisitions. As a result of its role as a precursor to drugs like Prozac, hydrofluoric acid is increasingly in demand from the pharmaceutical industry, which drives up demand for the market for the substance.
The increased use of industrial hydrofluoric acid in the synthesis of fluorine compounds is what is driving the hydrofluoric acid market. These fluorine compounds include, among others, fluorochemicals, fluorides, and fluorocarbons. The market is also expanding due to the rising demand for fluorocarbons used as cooling agents in air conditioners and refrigeration equipment. The increase in demand for hydrofluoric acid, which is used to make aluminum fluoride, which is then used to make aluminum goods, can be attributed to the market's expansion. As a result, the global market for hydrofluoric acid is expanding as a result of the increasing use of aluminum across end-use industries like manufacturing, packaging, and the automotive industry, among others.
Report Coverage
Global Hydrofluoric Acid research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Hydrofluoric Acid report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Hydrofluoric Acid competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Hydrofluoric Acid market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Sigma-Aldrich Corporation, Mexichem S.A.B. de C.V., Sinochem Group, Daikin Industries, Ltd., Honeywell International Inc., Fluorchemie Gruppe, Lanxess Aktiengesellschaft, Zhejiang Yipeng Chemical Co., Ltd., Do-Fluoride Chemicals Co., Ltd., Solvay S.A. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Hydrofluoric Acid Market from 2021 to 2030.
- Market Forecast for Hydrofluoric Acid Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Hydrofluoric Acid competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Hydrofluoric Acid
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Hydrofluoric Acid market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Hydrofluoric Acid market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Sigma-Aldrich Corporation, Mexichem S.A.B. de C.V., Sinochem Group, Daikin Industries, Ltd., Honeywell International Inc., Fluorchemie Gruppe, Lanxess Aktiengesellschaft, Zhejiang Yipeng Chemical Co., Ltd., Do-Fluoride Chemicals Co., Ltd., Solvay S.A.
Primary Target Market
- Market Players of Hydrofluoric Acid
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Hydrofluoric Acid market based on the below-mentioned segments:
Global Hydrofluoric Acid Market, By Product Type
Electronic Hydrofluoric Acid
Industrial Hydrofluoric Acid
Global Hydrofluoric Acid market, By Application
Semiconductor Industry
Oil Industry
Glass Industry
Refrigerant Industry
Microelectronic Industry
Global Hydrofluoric Acid market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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