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Global Hydrofluoric Acid Market: By Product Type: Electronic Hydrofluoric Acid, Industrial Hydrofluoric Acid; By Grade: Anhydrous Hydrofluoric Acid, Others; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Market Dynamics: SWOT Analysis; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Hydrofluoric Acid Market Outlook

The global hydrofluoric acid market attained a volume of more than 1.9 million tons in 2021. The market is further expected to grow at a CAGR of 6.72% during the forecast period of 2022-2027 to reach over 2.8 million tons by 2027.

 

Global Hydrofluoric Acid Market

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Rising Applications of Industrial Hydrofluoric Acid to Spur the Growth of the Overall Market

The global market for hydrofluoric acid is being driven by the rising use of industrial hydrofluoric acid in the production of fluorine compounds. These fluorine compounds include fluorocarbons, fluorides, and fluorochemicals, among others. In line with this, the growing demand for fluorocarbons to be used as cooling agents in air conditioners and refrigeration equipment are expanding the growth of the market.  In addition to this, the growth of the market can be associated with the growing demand for hydrofluoric acid for the production of aluminium fluoride, which is used for the manufacturing of aluminium products. Thus, the growing use of aluminium across end-use sectors like automobile, packaging, and manufacturing, among others are positively influencing the growth of hydrofluoric acid in the global market. Moreover, the increasing of hydrofluoric acid as a cleaning agent in the automotive industry to remove rust, stain, and water-spots are further influencing the growth of the market positively.

 

Hydrofluoric Acid: Market Segmentation

Hydrofluoric acid refers to a colourless, fuming, and corrosive chemical compound of hydrogen and fluorine. It is used to make refrigerants, herbicides, aluminium, plastics, and fluorescent light bulbs, among others.

 

Global Hydrofluoric Acid Market by Segment

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On the basis of product type, the market can be divided into:

  • Electronic Hydrofluoric Acid
  • Industrial Hydrofluoric Acid

Based on grade, the market can be segmented into:

  • Anhydrous Hydrofluoric Acid
  • Diluted Hydrofluoric Acid (above 50% concentration)
  • Diluted Hydrofluoric Acid (below 50% concentration)

The market, based on application, can be distributed into:

  • Fluorocarbon Production
  • Fluorinated Derivative Production
  • Metal Pickling
  • Glass Etching and Cleaning
  • Oil Refining
  • Uranium Fuel Production
  • Others

The EMR report looks into the regional markets of hydrofluoric acid like North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

 

Global Hydrofluoric Acid Market by Region

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The Asia Pacific Region is Projected to Hold a Significant Share in the Overall Growth of the Market

On the basis of region, the Asia Pacific is projected to account for a considerable share in the growth of the global market. This can be attributed to the growing demand for hydrofluoric acid across industry verticals. For instance, the use of hydrofluoric acid for applications such as metal processing, steel picking, and metal surface treatment is pushing the growth of the regional market, owing to the flourishing steel industry of the region. In addition, the use of the product for glass etching process to provide finish and shine to glass surfaces is another factor defining the growth of the market. Moreover, hydrofluoric acid is actively used in the petrochemical industry to improve fuel efficiency in the alkylation process. The implementation of stringent vehicle regulations in the region is supporting this trend.

However, the negative properties of hydrofluoric acid such as its toxicity and corrosive properties are projected to have a negative effect on the global market. In addition, fluorocarbons release CO2 emissions which pollute the environment, and the growing adoption of climate neutral products may restrain the growth of the market in the coming years.

 

Key Industry Players in the Global Hydrofluoric Acid Market

The report presents a detailed analysis of the following key players in the global hydrofluoric acid market, looking into their capacity, market share, and latest developments like capacity expansions, plant turnabouts and mergers and acquisitions:

  • Honeywell International Inc.
  • Daikin Industries, Ltd.
  • Dongyue Group Co., Ltd
  • Do-Fluoride New Materials Co., Ltd.
  • Solvay S.A.
  • Others

The comprehensive report looks at the micro and macro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of the Porter’s Five Forces Model.

 

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Product Type, Grade, Application, Region
Breakup by Product Type Electronic Hydrofluoric Acid, Industrial Hydrofluoric Acid
Breakup by Grade Anhydrous Hydrofluoric Acid, Diluted Hydrofluoric Acid (above 50% concentration), Diluted Hydrofluoric Acid (below 50% concentration)
Breakup by Application Fluorocarbon Production, Fluorinated Derivative Production, Metal Pickling, Glass Etching and Cleaning, Oil Refining, Uranium Fuel Production, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Trade Data Analysis Major Importing Countries by Value and Volume, Major Exporting Countries by Value and Volume
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Honeywell International Inc., Daikin Industries, Ltd., Dongyue Group Co., Ltd, Do-Fluoride New Materials Co., Ltd., Solvay S.A., Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Hydrofluoric Acid Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Hydrofluoric Acid Historical Market (2017-2021) 
    8.3    Global Hydrofluoric Acid Market Forecast (2022-2027)
    8.4    Global Hydrofluoric Acid Market by Product Type
        8.4.1    Electronic Hydrofluoric Acid
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Industrial Hydrofluoric Acid
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
    8.5    Global Hydrofluoric Acid Market by Grade
        8.5.1    Anhydrous Hydrofluoric Acid
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Diluted Hydrofluoric Acid (above 50% concentration)
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
        8.5.3    Diluted Hydrofluoric Acid (below 50% concentration)
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2017-2021)
            8.5.3.3    Forecast Trend (2022-2027)
    8.6    Global Hydrofluoric Acid Market by Application
        8.6.1    Fluorocarbon Production
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Fluorinated Derivative Production
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Metal Pickling
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Glass Etching and Cleaning
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Oil Refining
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Uranium Fuel Production
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Others
    8.7    Global Hydrofluoric Acid Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Value Chain Analysis
12    Trade Data Analysis (281111)

    12.1    Major Exporting Countries
        12.1.1    By Value
        12.1.2    By Volume
    12.2    Major Importing Countries
        12.2.1    By Value
        12.2.2    By Volume
13    Price Analysis
    13.1    North America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.2    Europe Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.3    Asia Pacific Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.4    Latin America Historical Price Trends (2017-2021) and Forecast (2022-2027)
    13.5    Middle East and Africa Historical Price Trends (2017-2021) and Forecast (2022-2027)
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Honeywell International Inc.
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Daikin Industries, Ltd.
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Dongyue Group Co., Ltd
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Do-Fluoride New Materials Co., Ltd.
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Solvay S.A.
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    Others
15    Industry Events and Developments

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Hydrofluoric Acid Market: Key Industry Highlights, 2017 and 2027
2.    Global Hydrofluoric Acid Historical Market: Breakup by Product Type (Million Tons), 2017-2021
3.    Global Hydrofluoric Acid Market Forecast: Breakup by Product Type (Million Tons), 2022-2027
4.    Global Hydrofluoric Acid Historical Market: Breakup by Grade (Million Tons), 2017-2021
5.    Global Hydrofluoric Acid Market Forecast: Breakup by Grade (Million Tons), 2022-2027
6.    Global Hydrofluoric Acid Historical Market: Breakup by Application (Million Tons), 2017-2021
7.    Global Hydrofluoric Acid Market Forecast: Breakup by Application (Million Tons), 2022-2027
8.    Global Hydrofluoric Acid Historical Market: Breakup by Region (Million Tons), 2017-2021
9.    Global Hydrofluoric Acid Market Forecast: Breakup by Region (Million Tons), 2022-2027
10.    North America Hydrofluoric Acid Historical Market: Breakup by Country (Million Tons), 2017-2021
11.    North America Hydrofluoric Acid Market Forecast: Breakup by Country (Million Tons), 2022-2027
12.    Europe Hydrofluoric Acid Historical Market: Breakup by Country (Million Tons), 2017-2021
13.    Europe Hydrofluoric Acid Market Forecast: Breakup by Country (Million Tons), 2022-2027
14.    Asia Pacific Hydrofluoric Acid Historical Market: Breakup by Country (Million Tons), 2017-2021
15.    Asia Pacific Hydrofluoric Acid Market Forecast: Breakup by Country (Million Tons), 2022-2027
16.    Latin America Hydrofluoric Acid Historical Market: Breakup by Country (Million Tons), 2017-2021
17.    Latin America Hydrofluoric Acid Market Forecast: Breakup by Country (Million Tons), 2022-2027
18.    Middle East and Africa Hydrofluoric Acid Historical Market: Breakup by Country (Million Tons), 2017-2021
19.    Middle East and Africa Hydrofluoric Acid Market Forecast: Breakup by Country (Million Tons), 2022-2027
20.    Major Importing Countries by Volume (2021)
21.    Major Exporting Countries by Volume (2021)
22.    Major Importing Countries by Value (2021)
23.    Major Exporting Countries by Value (2021)
24.    North America Historical Price Trends and Forecast 2017-2027
25.    Europe Historical Price Trends and Forecast 2017-2027
26.    Asia Pacific Historical Price Trends and Forecast 2017-2027
27.    Latin America Historical Price Trends and Forecast 2017-2027
28.    Middle East and Africa Historical Price Trends and Forecast 2017-2027
29.    Global Hydrofluoric Acid Market Structure

Key Questions Answered in the Report

The global hydrofluoric acid market attained a volume of over 1.9 million tons in 2021.

The market is projected to grow at a CAGR of 6.72% in the forecast period of 2022-2027.

The market is estimated to witness a healthy growth in the forecast period of 2022-2027 to reach more than 2.8 million tons by 2027.

The market is being driven by the rising use of hydrofluoric acid in industrial applications such as cooling agents, production of aluminium fluoride, and as a cleaning agent, among other uses.

The market growth can be associated with the rising demand for hydrofluoric acid in the metal processing industry and in applications like steel picking and metal surface treatment.

The major regional markets for hydrofluoric acid are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa.

The different product types of hydrofluoric acid are electronic hydrofluoric acid and industrial hydrofluoric acid.

The major grades of hydrofluoric acid are anhydrous hydrofluoric acid, diluted hydrofluoric acid (above 50% concentration), and diluted hydrofluoric acid (below 50% concentration).

The significant applications of hydrofluoric acid include fluorocarbon production, fluorinated derivative production, metal pickling, glass etching and cleaning, oil refining, and uranium fuel production, among others.

The major players in the industry are Honeywell International Inc., Daikin Industries, Ltd., Dongyue Group Co., Ltd, Do-Fluoride New Materials Co., Ltd., and Solvay S.A., among others.

Analyst Review

The global hydrofluoric acid market attained a volume of more than 1.9 million tons in 2021, driven by the increasing demand for industrial hydrofluoric acid. Aided by rising demand for the product in metal processing industry, the market is expected to grow at a CAGR of 6.72% in the forecast period of 2022-2027 to reach over 2.8 million tons by 2027.

EMR’s meticulous research methodology delves deep into the market covering the macro and micro aspects of the industry. On the basis of product type, the market can be segmented into electronic hydrofluoric acid and industrial hydrofluoric acid. The market, based on grade, can be classified 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, glass etching and cleaning, oil refining, and uranium fuel production, among others. The major regional markets for hydrofluoric acid are North America, Latin America, the Asia Pacific, Europe, and the Middle East and Africa. The key players in the industry are Honeywell International Inc., Daikin Industries, Ltd., Dongyue Group Co., Ltd, Do-Fluoride New Materials Co., Ltd., and Solvay S.A., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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