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Global Industrial Hydrofluoric Acid Market to Grow at a CAGR of 5.1% During 2022-2027, Driven by the Growing Demand for Industrial Hydrofluoric Acid in Cleaning Applications

According to a new report by EMR titled, ‘Global Industrial Hydrofluoric Acid Market Report and Forecast 2022-2027’, the global market for industrial hydrofluoric acid is expected to grow at a CAGR of 5.1% in the forecast period of 2022-2027.

The increasing use of industrial hydrofluoric acid in car washing solutions owing to its cost-effectiveness and high efficiency is driving the market growth. As cleaning solutions containing industrial hydrofluoric acid effectively remove particulate matter from discs and brake pads, abrasion of road surface, and tire wear, the market has been witnessing robust growth.

 

The corrosive quality of industrial hydrofluoric acid makes it ideal for use in commercial rust and stain removers, water-spot removers, and automotive cleaners, among others, which is expected to drive the growth. Furthermore, the growing utilisation of industrial hydrofluoric acid as a reagent to dissolve oxides and silicates is likely to bolster the market in the forecast period.

 

The growing demand for industrial hydrofluoric acid to clean and etch silicon wafers in semiconductor manufacturing is propelling the growth of the industrial hydrofluoric acid market. With the increasing use of hydrofluoric acid to solubilise various oxides, most notably silicon dioxide, its demand in insulators of semiconductor devices is growing.

 

Moreover, the surging applications of industrial hydrofluoric acid in removing surface impurities of steel, metal surface treatment, petrochemical refining and manufacturing, and etching of glasses, among others, are invigorating the growth of the market.

 

The growing innovations and technological advancements are aiding the growth of the market. For example, in February 2021, Samsung Electronics announced that it is investigating a technology for reusing a high-concentration hydrogen fluoride cleaning solution on its semiconductor production lines.

 

The method recycles hydrofluoric acid, also known as liquid hydrogen fluoride, which is used to clean semiconductors. The method created by Samsung Electronics is distinguished by the wafer back surface cleaning process, which involves eliminating metallic impurities from the wafer surface after the wiring process, by reusing hydrofluoric acid.

 

Market Analysis by Type, Application, and Region:

  • The market, on the basis of type, can be divided into anhydrous hydrofluoric acid, diluted hydrofluoric acid (above 50% concentration), and diluted hydrofluoric acid (below 50% concentration).
  • Based on application, the market can be divided into fluorocarbon production, fluorinated derivative production, metal pickling, class etching and cleaning, oil refining, and uranium fuel production, among others.
  • The regional markets for industrial hydrofluoric acid include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Key Findings of the Report:

  • The growing use of industrial hydrofluoric acid in the manufacturing of fluorine compounds, including fluorides, fluorocarbons, and fluoropolymers, among others, is aiding the market growth.
  • The market for industrial hydrofluoric acid is being fuelled by the increasing utilisation of fluorocarbons in refrigeration and air condition equipment.
  • The growing applications of anhydrous hydrofluoric acid in glass cleaning and etching solutions are driving the market growth.
  • The increasing demand for industrial hydrofluoric acid in commercial cleaning applications owing to its corrosive qualities is bolstering the market growth.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for industrial hydrofluoric acid for the periods (2017-2021) and (2022-2027).
  • The report also offers the historical (2017-2021) and forecast (2022-2027) markets for the types, applications, and major regions of industrial hydrofluoric acid.
  • It assesses the regional price trends for the (2017-2021) and (2022-2027) periods.
  • The market report also analyses the trade data by covering the major importing and exporting countries.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the global market are Merck KGaA, Solvay SA, Columbus Chemical Industries (CCI), LANXESS AG, and Honeywell International Inc., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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