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Global Industrial Hydrofluoric Acid Market Size, Forecast: By Type; By Application: Fluorocarbon Production, Fluorinated Derivative Production, Metal Pickling, Glass Etching and Cleaning, Oil Refining, Uranium Fuel Production, Others; Regional Analysis; Market Dynamics; Competitive Landscape: Industry Events and Developments; 2024-2032
Global Industrial Hydrofluoric Acid Market Outlook
The global industrial hydrofluoric market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 5.1%.
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Asia Pacific to Augment the Market Growth of Industrial Hydrofluoric Acid
The Asia Pacific region is expected to hold a significant share of the global industrial hydrofluoric acid market during the forecast period. This is on account of the increasing supply and demand of hydrofluoric acid in various industries coupled with the presence of several fluorocarbon manufacturers and an abundance of raw material. Increasing utilisation in industrial, civil, and national defence production industries are expected to bolster the market growth of industrial hydrofluoric acid across the Asia Pacific region over the coming years.
The Middle East and Africa are expected to grow on account of the surging product demand for uranium fuel production. Also, Saudi Arabia has declared plans to build 16 nuclear power reactors by 2040, which is likely to propel the market growth of industrial hydrofluoric acid across the region.
Industrial Hydrofluoric Acid Market Segmentation
An inorganic chemical compound, hydrogen fluoride is a chemical compound that contains the reactive chemical element of fluorine. Highly corrosive, and dissolvable in water, it takes the form of a colourless liquid or gas. When the compound is homogeneously mixed in water, it creates hydrofluoric acid. The acid can also be synthesised when compounds such as ammonium fluoride that also contain fluorides, are mixed with water.
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The market for industrial hydrofluoric acid, by type, is divided into:
- Anhydrous Hydrofluoric Acid
- Diluted Hydrofluoric Acid (Below 50% Concentration)
- Diluted Hydrofluoric Acid (Above 50% Concentration)
Based on application, the market is segmented 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 industrial hydrofluoric acid like Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.
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Rapid Rise in Industrialisation to Fuel the Market Growth of Industrial Hydrofluoric Acid
The surging usage of hydrogen fluoride in the production of aluminium, plastics, refrigerants, herbicides, pharmaceuticals, fluorescent light bulbs, electrical components, and high-octane gasoline is driving the market demand. The consumption of hydrogen fluoride for etching glass and metal is bolstering the market growth of industrial hydrofluoric acid across the globe during the forecast period.
In 2018, the chemical safety team at Carnegie Mellon University (CMU)'s Environmental, Health and Safety (EHS) Department established and executed a detailed and thorough safety program for hydrofluoric acid (HF) usage. The aim of this safety initiative was to develop awareness about HF hazards, train operators to safely handle any incident in laboratories, mandate PPE needs, identify response protocols for spills. This initiative and its goal of creating a culture of safety are further expected to bolster the market demand for industrial hydrofluoric acid.
Key Players in the Global Market for Industrial Hydrofluoric Acid
The report presents a detailed analysis of the following key players in the global industrial hydrofluoric Acid market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Merck KGaA
- Solvay SA
- Columbus Chemical Industries (CCI)
- LANXESS AG
- Honeywell International Inc.
- Others
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Application
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 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Industrial Hydrofluoric Acid Market Analysis
8.1 Key Industry Highlights
8.2 Global Industrial Hydrofluoric Acid Historical Market (2018-2023)
8.3 Global Industrial Hydrofluoric Acid Market Forecast (2024-2032)
8.4 Global Industrial Hydrofluoric Acid Market by Type
8.4.1 Anhydrous Hydrofluoric Acid
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Diluted Hydrofluoric Acid (Above 50% Concentration)
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Diluted Hydrofluoric Acid (Below 50% Concentration)
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Industrial Hydrofluoric Acid Market by Application
8.5.1 Fluorocarbon Production
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Fluorinated Derivative Production
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Metal Pickling
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Glass Etching and Cleaning
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Oil Refining
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Uranium Fuel Production
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.5.7 Others
8.6 Global Industrial Hydrofluoric Acid Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Industrial Hydrofluoric Acid Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Industrial Hydrofluoric Acid Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Industrial Hydrofluoric Acid Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Industrial Hydrofluoric Acid Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Industrial Hydrofluoric Acid Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code - 281111)
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Price Analysis
17.1 North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.2 Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.3 Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.4 Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
17.5 Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18 Competitive Landscape
18.1 Market Structure
18.2 Company Profiles
18.2.1 Merck KGaA
18.2.1.1 Company Overview
18.2.1.2 Product Portfolio
18.2.1.3 Demographic Reach and Achievements
18.2.1.4 Certifications
18.2.2 Solvay SA
18.2.2.1 Company Overview
18.2.2.2 Product Portfolio
18.2.2.3 Demographic Reach and Achievements
18.2.2.4 Certifications
18.2.3 Columbus Chemical Industries (CCI)
18.2.3.1 Company Overview
18.2.3.2 Product Portfolio
18.2.3.3 Demographic Reach and Achievements
18.2.3.4 Certifications
18.2.4 LANXESS AG
18.2.4.1 Company Overview
18.2.4.2 Product Portfolio
18.2.4.3 Demographic Reach and Achievements
18.2.4.4 Certifications
18.2.5 Honeywell International Inc.
18.2.5.1 Company Overview
18.2.5.2 Product Portfolio
18.2.5.3 Demographic Reach and Achievements
18.2.5.4 Certifications
18.2.6 Others
19 Key Trends and Developments in the Market
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 Industrial Hydrofluoric Acid Market: Key Industry Highlights, 2018 and 2032
2. Global Industrial Hydrofluoric Acid Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Industrial Hydrofluoric Acid Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Industrial Hydrofluoric Acid Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Industrial Hydrofluoric Acid Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Industrial Hydrofluoric Acid Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Industrial Hydrofluoric Acid Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Industrial Hydrofluoric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Industrial Hydrofluoric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Industrial Hydrofluoric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Industrial Hydrofluoric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Industrial Hydrofluoric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Industrial Hydrofluoric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Industrial Hydrofluoric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Industrial Hydrofluoric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Industrial Hydrofluoric Acid Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Industrial Hydrofluoric Acid Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Major Importing Countries by Volume
19. Major Exporting Countries by Volume
20. Major Importing Countries by Value
21. Major Exporting Countries by Value
22. North America Historical Price Trends and Forecast 2018-2028
23. Europe Historical Price Trends and Forecast 2018-2028
24. Asia Pacific Historical Price Trends and Forecast 2018-2028
25. Latin America Historical Price Trends and Forecast 2018-2028
26. Middle East and Africa Historical Price Trends and Forecast 2018-2028
27. Global Industrial Hydrofluoric Acid Market Structure
Key Questions Answered in the Report
The global industrial hydrofluoric acid market is assessed to grow at a CAGR of 5.1% between 2024 and 2032.
The major market drivers are rapid industrialisation, increasing demand for hydrogen fluoride, and innovative marketing strategies by market players.
The key market trends guiding the growth of the market include the growing adoption of hydrofluoric acid in various industries, technological advancement, and infrastructure development.
The major regions in the market are Asia Pacific, Africa, the Middle East, North America, Europe, and Latin America.
The various types available in the market are anhydrous hydrofluoric acid, diluted hydrofluoric acid (below 50% concentration), and diluted hydrofluoric acid (above 50% concentration).
The different applications are fluorocarbon production, glass etching and cleaning, fluorinated derivative production, metal pickling, oil refining, and uranium fuel production, among others.
The major players in the market are Merck KGaA, Solvay SA, Columbus Chemical Industries (CCI), LANXESS AG, and Honeywell International Inc., among others.
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