Hydrofluoric Acid Market

Global Hydrofluoric Acid Market Size, Trends & Analysis - Forecasts to 2029 By Grade (AHF, DHF (Below 50% Concentration), and DHF (Above 50% Concentration)), By Application (Production of Fluorocarbons, Production of Fluorinated Derivatives, Metal Pickling, Glass Etching & Cleaning, Oil Refining, Production of Uranium Fuel, and Others), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Chemicals & Advanced Material
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This report was recently updated on November 19 2024 with the latest and most recent market numbers

Global Hydrofluoric Acid Market Size

The global hydrofluoric (HF) acid market is expected to exhibit a CAGR of 6.5% from 2024 to 2029.

The HF acid industry is experiencing steady growth, and is highly driven by extensive HF acid uses across various industries (based on HF acid market analysis). Hydrofluoric acid (HF) is a key component in the production of fluorine-containing chemicals, including refrigerants, pharmaceuticals, and agrochemicals. It is also crucial in the manufacturing of aluminum, petroleum refining, glass etching, and uranium processing. The demand for hydrofluoric acid is particularly strong in the electronics industry, where it is used for cleaning and etching silicon wafers. As industries expand and technological advancements continue, the need for hydrofluoric acid is anticipated to grow, further propelling market expansion.

The hydrofluoric acid (HF) market is witnessing significant trends and drivers across various fronts, reflecting hydrofluoric acid applications and critical role in industrial processes. One of the prominent HF acid market trends is the growing demand for hydrofluoric acid derivatives across sectors such as electronics, automotive, and pharmaceuticals. This surge is propelled by the increasing need for specialized chemicals and materials derived from hydrofluoric acid, driving up production volumes and expanding the hydrofluoric acid market globally. Additionally, stringent regulations concerning hydrofluoric acid safety and hydrofluoric acid storage are reshaping industry practices, leading to investments in advanced storage solutions and safety protocols to mitigate hydrofluoric acid hazards associated with hydrofluoric acid handling and storage.

Moreover, advancements in HF acid production processes and technologies are revolutionizing the industry, enhancing efficiency and sustainability while meeting rising HF acid demand. HF acid suppliers are investing in research and development to optimize HF acid manufacturing processes, resulting in increased production capacities and improved Hf acid supply chain dynamics. This evolution in manufacturing practices is bolstering market competitiveness and driving down HF acid pricing, making it more accessible to a broader range of industries. Furthermore, regulatory frameworks governing Hydrofluoric acid usage and disposal are driving industry players to adopt environmentally friendly practices, further shaping the future trajectory of the HF acid industry towards sustainability and compliance with hydrofluoric acid safety standards.

Furthermore, hydrofluoric acid market heavily relies on the availability and production of hydrogen fluoride, which serves as the precursor for hydrofluoric acid, a key chemical compound used in various industrial applications. The hydrogen fluoride market is characterized by its wide-ranging applications across industries, but concerns persist regarding HF acid toxicity and HF acid corrosion. Despite its usefulness in various processes, HF acid's toxic nature poses risks to both human health and the environment.

global hydrofluoric acid market

Global Hydrofluoric Acid Market: By Application

In the global hydrofluoric acid market, the production of fluorocarbons stands out as the largest application segment. Hydrofluoric acid is a critical raw material in the manufacture of fluorocarbons, which are widely used as refrigerants, propellants, and solvents. The robust demand for refrigeration and air conditioning systems, driven by rising living standards and urbanization, particularly in emerging economies, significantly boosts the need for fluorocarbons. Additionally, the transition to eco-friendly refrigerants, which often involve the use of hydrofluoric acid, further solidifies its dominance in this segment. Consequently, the extensive use of hydrofluoric acid in the production of fluorocarbons underpins its leading position in the market.

The fastest-growing segment in the hydrofluoric acid market is the production of fluorinated HF acid derivatives. These derivatives, including fluoropolymers and fluorinated chemicals, find applications across various industries such as pharmaceuticals, agrochemicals, and electronics. The rapid growth in the electronics industry, particularly in the manufacture of semiconductors and integrated circuits, fuels the demand for fluorinated derivatives. Moreover, advancements in pharmaceutical and agrochemical industries, which increasingly utilize fluorinated compounds for their stability and efficacy, contribute to the accelerated growth of this segment. The diverse applications and ongoing innovations in the use of fluorinated derivatives are key factors driving this segment's swift expansion in the hydrofluoric acid market.

Global Hydrofluoric Acid Market: By Grade

In the hydrofluoric acid market categorized by grade, anhydrous hydrofluoric acid (AHF) emerges as the largest segment. AHF is a highly pure form of hydrofluoric acid widely utilized in various industrial applications, including chemical manufacturing, metal processing, and electronics production. Its exceptional purity and effectiveness make it indispensable in these sectors, driving its dominance in the market segment.

Meanwhile, the segment experiencing the fastest growth is DHF (Above 50% Concentration). This grade of hydrofluoric acid, with a concentration exceeding 50%, finds extensive use in specialized applications requiring higher levels of acidity and reactivity. Industries such as oil refining, uranium fuel production, and certain chemical processes rely on DHF with elevated concentrations for their operations. The increasing demand for hydrofluoric acid with higher concentrations in these sectors propels the rapid expansion of this market segment.

asia pacific hydrofluoric acid market

Global Hydrofluoric Acid Market: By Region

In the hydrofluoric acid market segmented by region, North America stands out as the largest market. The region's significant consumption of hydrofluoric acid is attributed to its robust industrial base, particularly in sectors such as oil refining, chemical manufacturing, and electronics production. Additionally, stringent Hydrofluoric acid regulations necessitate the use of hydrofluoric acid for various applications, further driving its demand in North America.

Conversely, the Asia Pacific region exhibits the fastest growth rate in the global hydrofluoric acid market. Rapid industrialization, coupled with expanding manufacturing activities across sectors like electronics, automotive, and metal processing, fuels the escalating demand for hydrofluoric acid in the Asia Pacific. Moreover, the region's burgeoning population and rising disposable income levels drive consumption, making it a key growth engine for the hydrofluoric acid market globally.

Global Hydrofluoric Acid Market Share and Competitor Analysis

Daikin Industries Limited, Dongyue Group Ltd, Honeywell International Inc., Lanxess, Solvay S.A., Sinochem Group, Mexichem S.A.B. de C.V., Yingpeng Group, Stella Chemifiae Corporation, and Fluorchemie Group, among others are the top players in the market.

Global Hydrofluoric Acid Market: Recent Developments

In June 2023, Sundyne, a leading manufacturer of pumps and compressors, announced that they sponsored the Honeywell UOP 2023 HF Alkylation User’s Symposium in Colorado Springs, CO. During the event, Jason Fouraker from Sundyne presented a technical paper titled "Approved Magnetic Drive Pumps in HF Acid Service," highlighting lessons learned since 1992. The session discussed Sundyne/HMD’s innovative approach to addressing industry-wide issues with pumps handling Hydrofluoric Acid, introducing alternative alloy materials and a new validation method for pump casing integrity. This proprietary production process aims to enhance pump reliability and safety in HF Alkylation facilities.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2        Adjacent Market Opportunities

3.1.3        Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1        Market Drivers: Impact Analysis

3.2.2        Market Restraints: Impact Analysis

3.2.3        Market Opportunities: Impact Analysis

3.2.4        Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1        Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2        SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL HYDROFLUORIC ACID MARKET, BY APPLICATION

4.1   Introduction

4.2   Hydrofluoric Acid Market: Application Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Production of Fluorocarbons

4.4.1        Production of Fluorocarbons Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Production of Fluorinated Derivatives

4.5.1        Production of Fluorinated Derivatives Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Metal Pickling

4.6.1        Metal Pickling Market Estimates and Forecast, 2021-2029 (USD Million)

4.7   Glass Etching & Cleaning

4.7.1        Glass Etching & Cleaning Market Estimates and Forecast, 2021-2029 (USD Million)

4.8   Oil Refining

4.8.1        Oil Refining Market Estimates and Forecast, 2021-2029 (USD Million)

4.9   Production of Uranium Fuel

4.9.1        Production of Uranium Fuel Market Estimates and Forecast, 2021-2029 (USD Million)

4.10 Others

4.10.1      Others Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL HYDROFLUORIC ACID MARKET, BY GRADE

5.1   Introduction

5.2   Hydrofluoric Acid Market: Grade Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   AHF

5.4.1        AHF Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   DHF (Below 50% Concentration)

5.5.1        DHF (Below 50% Concentration) Market Estimates and Forecast, 2021-2029 (USD Million)

5.6   DHF (Above 50% Concentration)

5.6.1        DHF (Above 50% Concentration) Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL HYDROFLUORIC ACID MARKET, BY REGION

6.1   Introduction

6.2   North America Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.1        By Application

6.2.2        By Grade

6.2.3        By Country

6.2.3.1     U.S. Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.1.1        By Application

6.2.3.1.2        By Grade

6.2.3.2     Canada Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.2.1        By Application

6.2.3.2.2        By Grade

6.2.3.3     Mexico Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.2.3.3.1        By Application

6.2.3.3.2        By Grade

6.3   Europe Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.1        By Application

6.3.2        By Grade

6.3.3        By Country

6.3.3.1     Germany Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.1.1        By Application

6.3.3.1.2        By Grade

6.3.3.2     U.K. Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.2.1        By Application

6.3.3.2.2        By Grade

6.3.3.3     France Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.3.1        By Application

6.3.3.3.2        By Grade

6.3.3.4     Italy Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.4.1        By Application

6.3.3.4.2        By Grade

6.3.3.5     Spain Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.5.1        By Application

6.3.3.5.2        By Grade

6.3.3.6     Netherlands Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Application

6.3.3.6.2        By Grade

6.3.3.7     Rest of Europe Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.3.3.6.1        By Application

6.3.3.6.2        By Grade

6.4   Asia Pacific Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.1        By Application

6.4.2        By Grade

6.4.3        By Country

6.4.3.1     China Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.1.1        By Application

6.4.3.1.2        By Grade

6.4.3.2     Japan Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.2.1        By Application

6.4.3.2.2        By Grade

6.4.3.3     India Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.3.1        By Application

6.4.3.3.2        By Grade

6.4.3.4     South Korea Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.4.1        By Application

6.4.3.4.2        By Grade

6.4.3.5     Singapore Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.5.1        By Application

6.4.3.5.2        By Grade

6.4.3.6     Malaysia Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Application

6.4.3.6.2        By Grade

6.4.3.7     Thailand Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.6.1        By Application

6.4.3.6.2        By Grade

6.4.3.8     Indonesia Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.7.1        By Application

6.4.3.7.2        By Grade

6.4.3.9     Vietnam Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.8.1        By Application

6.4.3.8.2        By Grade

6.4.3.10  Taiwan Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.10.1 By Application

6.4.3.10.2 By Grade

6.4.3.11  Rest of Asia Pacific Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.4.3.11.1 By Application

6.4.3.11.2 By Grade

6.5   Middle East and Africa Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.1        By Application

6.5.2        By Grade

6.5.3        By Country

6.5.3.1     Saudi Arabia Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.1.1        By Application

6.5.3.1.2        By Grade

6.5.3.2     U.A.E. Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.2.1        By Application

6.5.3.2.2        By Grade

6.5.3.3     Israel Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.3.1        By Application

6.5.3.3.2        By Grade

6.5.3.4     South Africa Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.4.1        By Application

6.5.3.4.2        By Grade

6.5.3.5     Rest of Middle East and Africa Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.5.3.5.1        By Application

6.5.3.5.2        By Grade

6.6   Central and South America Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.1        By Application

6.6.2        By Grade

6.6.3        By Country

6.6.3.1     Brazil Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.1.1        By Application

6.6.3.1.2        By Grade

6.6.3.2     Argentina Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.2.1        By Application

6.6.3.2.2        By Grade

6.6.3.3     Chile Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Application

6.6.3.3.2        By Grade

6.6.3.3     Rest of Central and South America Hydrofluoric Acid Market Estimates and Forecast, 2021-2029 (USD Million)

6.6.3.3.1        By Application

6.6.3.3.2        By Grade

7          COMPETITIVE LANDCAPE

7.1   Company Market Share Analysis

7.2   Four Quadrant Positioning Matrix

7.2.1        Market Leaders

7.2.2        Market Visionaries

7.2.3        Market Challengers

7.2.4        Niche Market Players

7.3   Vendor Landscape

7.3.1        North America

7.3.2        Europe

7.3.3        Asia Pacific

7.3.4        Rest of the World

7.4   Company Profiles  

7.4.1        Daikin Industries Limited

7.4.1.1 Business Description & Financial Analysis

7.4.1.2 SWOT Analysis

7.4.1.3 Products & Services Offered

7.4.1.4 Strategic Alliances between Business Partners

7.4.2        Dongyue Group Ltd

7.4.2.1 Business Description & Financial Analysis

7.4.2.2 SWOT Analysis

7.4.2.3 Products & Services Offered

7.4.2.4 Strategic Alliances between Business Partners

7.4.3        Honeywell International Inc.

7.4.3.1 Business Description & Financial Analysis

7.4.3.2 SWOT Analysis

7.4.3.3 Products & Services Offered

7.4.3.4 Strategic Alliances between Business Partners

7.4.4        Lanxess

7.4.4.1 Business Description & Financial Analysis

7.4.4.2 SWOT Analysis

7.4.4.3 Products & Services Offered

7.4.4.4 Strategic Alliances between Business Partners

7.4.5        Mexichem S.A.B. de C.V.

7.4.5.1 Business Description & Financial Analysis

7.4.5.2 SWOT Analysis

7.4.5.3 Products & Services Offered

7.4.5.4 Strategic Alliances between Business Partners

7.4.6        Yingpeng Group

7.4.6.1 Business Description & Financial Analysis

7.4.6.2 SWOT Analysis

7.4.6.3 Products & Services Offered

7.4.6.4 Strategic Alliances between Business Partners

7.4.7        Stella Chemifiae Corporation  

7.4.7.1 Business Description & Financial Analysis

7.4.7.2 SWOT Analysis

7.4.7.3 Products & Services Offered

7.4.7.4 Strategic Alliances between Business Partners

7.4.8        Fluorchemie Group

7.4.8.1 Business Description & Financial Analysis

7.4.8.2 SWOT Analysis

7.4.8.3 Products & Services Offered

7.4.8.4 Strategic Alliances between Business Partners

7.4.9        Solvay S.A.

7.4.9.1 Business Description & Financial Analysis

7.4.9.2 SWOT Analysis

7.4.9.3 Products & Services Offered

7.4.9.4 Strategic Alliances between Business Partners

7.4.10      Sinochem Group

7.4.10.1 Business Description & Financial Analysis

7.4.10.2 SWOT Analysis

7.4.10.3 Products & Services Offered

7.4.10.4 Strategic Alliances between Business Partners

7.4.11      Other Companies

7.4.11.1 Business Description & Financial Analysis

7.4.11.2 SWOT Analysis

7.4.11.3 Products & Services Offered

7.4.11.4 Strategic Alliances between Business Partners

8          RESEARCH METHODOLOGY

8.1   Market Introduction

8.1.1        Market Definition

8.1.2        Market Scope & Segmentation

8.2   Information Procurement

8.2.1        Secondary Research

8.2.1.1 Purchased Databases

8.2.1.2 GMEs Internal Data Repository

8.2.1.3 Secondary Resources & Third Party Perspectives

8.2.1.4 Company Information Sources

8.2.2        Primary Research

8.2.2.1 Various Types of Respondents for Primary Interviews

8.2.2.2 Number of Interviews Conducted throughout the Research Process

8.2.2.3 Primary Stakeholders

8.2.2.4 Discussion Guide for Primary Participants

8.2.3        Expert Panels

8.2.3.1 Expert Panels Across 30+ Industry

8.2.4        Paid Local Experts

8.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

8.3   Market Estimation

8.3.1        Top-Down Approach

8.3.1.1 Macro-Economic Indicators Considered

8.3.1.2 Micro-Economic Indicators Considered

8.3.2        Bottom Up Approach

8.3.2.1 Company Share Analysis Approach

8.3.2.2 Estimation of Potential Product Sales

8.4   Data Triangulation

8.4.1        Data Collection

8.4.2        Time Series, Cross Sectional & Panel Data Analysis

8.4.3        Cluster Analysis

8.5   Analysis and Output

8.5.1        Inhouse AI Based Real Time Analytics Tool

8.5.2        Output From Desk & Primary Research

8.6   Research Assumptions & Limitations

8.6.1        Research Assumptions

8.6.2        Research Limitations

LIST OF TABLES

1 Global Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

2 Production of Fluorocarbons Market, By Region, 2021-2029 (USD Mllion)          

3 Production of Fluorinated Derivatives Market, By Region, 2021-2029 (USD Mllion)

4 Glass Etching & Cleaning Market, By Region, 2021-2029 (USD Mllion)      

5 Oil Refining Market, By Region, 2021-2029 (USD Mllion)     

6 Metal Pickling Market, By Region, 2021-2029 (USD Mllion)               

7 Production of Uranium Fuel Market, By Region, 2021-2029 (USD Mllion)

8 Others Market, By Region, 2021-2029 (USD Mllion)

9 Global Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)      

10 AHF Market, By Region, 2021-2029 (USD Mllion)        

11 DHF (Below 50% Concentration) Market, By Region, 2021-2029 (USD Mllion)

12 DHF (Above 50% Concentration) Market, By Region, 2021-2029 (USD Mllion)

13 Regional Analysis, 2021-2029 (USD Mllion)

14 North America Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

15 North America Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

16 North America Hydrofluoric Acid Market, By COUNTRY, 2021-2029 (USD Mllion)

17 U.S. Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

18 U.S. Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

19 Canada Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)         

20 Canada Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)      

21 Mexico Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

22 Mexico Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)       

23 Europe Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)          

24 Europe Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)      

25 Europe Hydrofluoric Acid Market, By Country, 2021-2029 (USD Mllion) 

26 Germany Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)      

27 Germany Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)   

28 U.K. Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

29 U.K. Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

30 France Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

31 France Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)       

32 Italy Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

33 Italy Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

34 Spain Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

35 Spain Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)          

36 Netherlands Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

37 Netherlands Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

38 Rest Of Europe Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

39 Rest Of Europe Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

40 Asia Pacific Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

41 Asia Pacific Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

42 Asia Pacific Hydrofluoric Acid Market, By Country, 2021-2029 (USD Mllion)

43 China Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

44 China Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)          

45 Japan Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

46 Japan Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)          

47 India Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

48 India Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)           

49 South Korea Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

50 South Korea Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

51 Singapore Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

52 Singapore Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

53 Thailand Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)      

54 Thailand Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)  

55 Malaysia Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)     

56 Malaysia Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)  

57 Indonesia Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

58 Indonesia Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

59 Vietnam Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)        

60 Vietnam Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)     

61 Taiwan Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)          

62 Taiwan Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)       

63 Rest of APAC Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

64 Rest of APAC Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)           

65 Middle East and Africa Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)      

66 Middle East and Africa Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)   

67 Middle East and Africa Hydrofluoric Acid Market, By Country, 2021-2029 (USD Mllion)              

68 Saudi Arabia Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

69 Saudi Arabia Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

70 UAE Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

71 UAE Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

72 Israel Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

73 Israel Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)        

74 South Africa Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

75 South Africa Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

76 Rest Of Middle East and Africa Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)       

77 Rest Of Middle East and Africa Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)  

78 Central and  South America Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)       

79 Central and South America Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)         

80 Central and South America Hydrofluoric Acid Market, By Country, 2021-2029 (USD Mllion)

81 Brazil Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

82 Brazil Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)        

83 Chile Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

84 Chile Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)           

85 Argentina Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)

86 Argentina Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)

87 Rest Of Central and South America Hydrofluoric Acid Market, By Application, 2021-2029 (USD Mllion)      

88 Rest Of Central and South America Hydrofluoric Acid Market, By Grade, 2021-2029 (USD Mllion)       

89 Daikin Industries Limited: Products & Services Offering  

90 Dongyue Group Ltd: Products & Services Offering              

91 Honeywell International Inc.: Products & Services Offering        

92 Lanxess: Products & Services Offering        

93 Mexichem S.A.B. de C.V.: Products & Services Offering        

94 Yingpeng Group: Products & Services Offering      

95 Stella Chemifiae Corporation : Products & Services Offering      

96 Fluorchemie Group: Products & Services Offering              

97 Solvay S.A., Inc: Products & Services Offering        

98 Sinochem Group: Products & Services Offering     

99 Other Companies: Products & Services Offering    

LIST OF FIGURES

1 Global Hydrofluoric Acid Market Overview

2 Global Hydrofluoric Acid Market Value From 2021-2029 (USD Mllion)

3 Global Hydrofluoric Acid Market Share, By Application (2023)

4 Global Hydrofluoric Acid Market Share, By Grade (2023)

5 Global Hydrofluoric Acid Market, By Region (Asia Pacific Market)

6 Technological Trends In Global Hydrofluoric Acid Market

7 Four Quadrant Competitor Positioning Matrix

8 Impact Of Macro & Micro Indicators On The Market

9 Impact Of Key Drivers On The Global Hydrofluoric Acid Market

10 Impact Of Challenges On The Global Hydrofluoric Acid Market

11 Porter’s Five Forces Analysis

12 Global Hydrofluoric Acid Market: By Application Scope Key Takeaways

13 Global Hydrofluoric Acid Market, By Application Segment: Revenue Growth Analysis

14 Production of Fluorocarbons Market, By Region, 2021-2029 (USD Mllion)

15 Production of Fluorinated Derivatives Market, By Region, 2021-2029 (USD Mllion)

16 Glass Etching & CleaningMarket, By Region, 2021-2029 (USD Mllion)

17 Oil Refining Market, By Region, 2021-2029 (USD Mllion)      

18 Metal Pickling Market, By Region, 2021-2029 (USD Mllion)   

19 Production of Uranium Fuel Market, By Region, 2021-2029 (USD Mllion)

20 Others Market, By Region, 2021-2029 (USD Mllion)

21 Global Hydrofluoric Acid Market: By Grade Scope Key Takeaways

22 Global Hydrofluoric Acid Market, By Grade Segment: Revenue Growth Analysis

23 AHF Market, By Region, 2021-2029 (USD Mllion)        

24 DHF (Below 50% Concentration) Market, By Region, 2021-2029 (USD Mllion)

25 DHF (Above 50% Concentration) Market, By Region, 2021-2029 (USD Mllion)

26 Regional Segment: Revenue Growth Analysis

27 Global Hydrofluoric Acid Market: Regional Analysis

28 North America Hydrofluoric Acid Market Overview

29 North America Hydrofluoric Acid Market, By Application

30 North America Hydrofluoric Acid Market, By Grade

31 North America Hydrofluoric Acid Market, By Country

32 U.S. Hydrofluoric Acid Market, By Application

33 U.S. Hydrofluoric Acid Market, By Grade

34 Canada Hydrofluoric Acid Market, By Application

35 Canada Hydrofluoric Acid Market, By Grade

36 Mexico Hydrofluoric Acid Market, By Application

37 Mexico Hydrofluoric Acid Market, By Grade

38 Four Quadrant Positioning Matrix

39 Company Market Share Analysis

40 Daikin Industries Limited: Company Snapshot

41 Daikin Industries Limited: SWOT Analysis

42 Daikin Industries Limited: Geographic Presence

43 Dongyue Group Ltd: Company Snapshot

44 Dongyue Group Ltd: SWOT Analysis

45 Dongyue Group Ltd: Geographic Presence

46 Honeywell International Inc.: Company Snapshot

47 Honeywell International Inc.: SWOT Analysis

48 Honeywell International Inc.: Geographic Presence

49 Lanxess: Company Snapshot

50 Lanxess: Swot Analysis

51 Lanxess: Geographic Presence

52 Mexichem S.A.B. de C.V.: Company Snapshot

53 Mexichem S.A.B. de C.V.: SWOT Analysis

54 Mexichem S.A.B. de C.V.: Geographic Presence

55 Yingpeng Group: Company Snapshot

56 Yingpeng Group: SWOT Analysis

57 Yingpeng Group: Geographic Presence

58 Stella Chemifiae Corporation : Company Snapshot

59 Stella Chemifiae Corporation : SWOT Analysis

60 Stella Chemifiae Corporation : Geographic Presence

61 Fluorchemie Group: Company Snapshot

62 Fluorchemie Group: SWOT Analysis

63 Fluorchemie Group: Geographic Presence

64 Solvay S.A., Inc.: Company Snapshot

65 Solvay S.A., Inc.: SWOT Analysis

66 Solvay S.A., Inc.: Geographic Presence

67 Sinochem Group: Company Snapshot

68 Sinochem Group: SWOT Analysis

69 Sinochem Group: Geographic Presence

70 Other Companies: Company Snapshot

71 Other Companies: SWOT Analysis

72 Other Companies: Geographic Presence

The Global Hydrofluoric Acid Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Hydrofluoric Acid Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Hydrofluoric Acid Market.

Hydrofluoric Acid Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Hydrofluoric Acid Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Hydrofluoric Acid Market Share

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Frequently Asked Questions

The global hydrofluoric acid market is expected to grow at a CAGR of 6.5% from 2024 to 2029.
Daikin Industries Limited, Dongyue Group Ltd, Honeywell International Inc., Lanxess, Solvay S.A., Sinochem Group, Mexichem S.A.B. de C.V., Yingpeng Group, Stella Chemifiae Corporation, and Fluorchemie Group, among others, are the top players in the market.
In the global hydrofluoric acid market, opportunities abound in expanding applications such as the production of fluorocarbons, fluorinated derivatives, and uranium fuel. Additionally, advancements in manufacturing processes, coupled with rising demand for HF acid in various industries, offer avenues for market expansion and innovation.
The primary driver of the HF acid market is its extensive application across various industries, including the production of fluorocarbons, fluorinated derivatives, and metal pickling. Additionally, increasing demand from the oil refining sector and stringent safety regulations contribute to market growth.

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