Global Anhydrous Hydrofluoric Acid Market, By Type (UP Grade, UP-S Grade, UP-SS Grade, EL Grade), Application (Fluorocarbon Production, Fluorinated Derivative Production, Metal Pickling, Glass Etching and Cleaning, Oil Refining, Uranium Fuel Production, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
Anhydrous hydrogen fluoride is the building-block material for the manufacture of fluorine and fluorine containing compounds such as flupropolymers, fluorochemicals and surfactants. The main use for anhydrous hydrogen fluoride is in the preparation of other inorganic fluorides compound for fluoridation of water, used as fluxes and catalysts, and manufactured ceramics and glass. The anhydrous hydrofluoric acid is used as an intermediate for manufacture fluorochemicals. Other applications such as steel pickling, metal processing, and metal surface treatment amongst others are expected to increase significantly over the forecast period.
Data Bridge Market Research analyses that the anhydrous hydrofluoric acid market was valued at USD 1700.00 million in 2021 and is expected to reach USD 2526.36 million by 2029, registering a CAGR of 4.50 % during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (UP Grade, UP-S Grade, UP-SS Grade, EL Grade), Application (Fluorocarbon Production, Fluorinated Derivative Production, Metal Pickling, Glass Etching and Cleaning, Oil Refining, Uranium Fuel Production, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Honeywell International Inc. (U.S.), Solvay (Belgium), INEOS (U.K.), DERIVADOS DEL FLUOR (DDF) (Spain), Air Products Inc. (U.S.), Morita chemical industries co. ltd (Japan), Sinochem Lantian Co., Ltd. (China), Zhejiang Sanmei Chemical Ind. Co. Ltd. (China), Yingpeng Chemical Co. Ltd. (China), Do-Fluoride New Materials Co., Ltd. (China), dongyue Group Co, Ltd (China), Fujian Shaowu Yongfei Chemical, Fujian Shaowu Yongfei Chemical Co., Ltd. (China), ,Shaowu Huaxin Chemical CO.,LTD. (China), Juhua Group Corporation (China), 3F Industries Limited (India), Fubao Group (China)
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Market Opportunities
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Market Definition
Anhydrous hydrogen fluoride is a colourless toxic gas with a sharp odour at room temperature and exists mainly in the form of H2F2 dimer below temperature of 19.9 ° C. It is a colourless mobile volatile liquid. It is miscible with water in any ratio with the formation of hydrofluoric acid. It forms an azeotropic mixture with water at 35.4% concentration of HF. Anhydrous hydrogen fluoride is formed from natural raw materials such as fluorspar.
Anhydrous Hydrofluoric Acid Market Dynamics
Drivers
- Rise the demand in chemical industry
Chemical industry widely used anhydrous hydrofluoric acid. Anhydrous hydrofluoric acid is used as an intermediate material for the production of fluoropolymers and fluorocarbons which displays high potential for revenue generation. This includes the manufacture of HFCs, CFCs, HCFCs, and HFO, amongst others. This in turn, it is driven by demand in air conditioning and refrigeration products which are expected to drive the growth of the anhydrous hydrofluoric acid.
- Highly used in surfactants
Anhydrous hydrofluoric acid (HF) is a common ingredient in car wash cleaning solutions because it is relatively inexpensive and highly effective. Particulate matter from brake tire wear, pads and discs and abrasion of road surface accumulated on the exterior of automobiles which are aggressively removed by the use of car wash cleaning solutions which is containing HF. The unique properties of anhydrous HF to dissolve most metals, silica, concrete, and metallic oxides cause effective breakdown of road dust, rust and grime on automobiles.
Opportunities
- Increase in the number of emerging markets
Major market players are focusing on acquisition and mergers to increase their presence throughout the value chain. The majority of the industry market players are concentrating on product advancements and are targeting the development of new products with eco-friendly properties to cater to a broader application market, which will create profitable opportunities for market growth.
- Rising demand in cleaning and etching application
The rising demand of anhydrous hydrofluoric acid in the glass cleaning and etching applications will further provide the potential opportunities for the growth of the anhydrous hydrofluoric acid market in upcoming period.
Restraints/ Challenges
- Environmental concern
The use of fluorochemicals which has produced by anhydrous hydrofluoric acid cause major concern in the environment due to ozone depletion and the high global warming potential of fluorochemicals. CFCs have been banned in most countries due to these factors and restricting the demand for anhydrous hydrofluoric acid in the market.
Furthermore, rise in the transportation price of AHF grade and the dangerous effects of hydrofluoric acid might further challenge the growth of the anhydrous hydrofluoric acid market during forecast period.
This anhydrous hydrofluoric acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the anhydrous hydrofluoric acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Anhydrous Hydrofluoric Acid Market
The outbreak of COVID-19 pandemic has contrarily affected the global anhydrous hydrogen fluoride (AHF) market. Several organizations in the anhydrous hydrogen fluoride (AHF) market are required to end their creation and assembling activities, attributable to spread of the infection. Moreover, attributable to new government decisions, business activities have been stopped, which straightforwardly impacts the income float of the anhydrous hydrogen fluoride (AHF) market.
Global Anhydrous Hydrofluoric Acid Market Scope
The anhydrous hydrofluoric acid market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- UP Grade
- UP-S Grade
- UP-SS Grade
- EL Grade
Application
- Fluorocarbon Production
- Fluorinated Derivative Production
- Metal Pickling
- Glass Etching and Cleaning
- Oil Refining
- Uranium Fuel Production
- Others
Anhydrous Hydrofluoric Acid Market Regional Analysis/Insights
The anhydrous hydrofluoric acid market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the anhydrous hydrofluoric acid market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Asia-Pacific dominates the anhydrous hydrofluoric acid market in terms of market share during the forecast period. This is due to the growing demand for anhydrous hydrofluoric acid in this region. The Asia-Pacific region leads the anhydrous hydrofluoric acid market due to the rapid growth of semiconductor devices industries, technological advancements, and industrialisation in this region.
During the estimated period, Europe is projected to be the fastest developing region due to the increase in the fluorochemical production and the presence of major key players in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Anhydrous Hydrofluoric Acid Market Share Analysis
The anhydrous hydrofluoric acid market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to anhydrous hydrofluoric acid market.
Some of the major players operating in the anhydrous hydrofluoric acid market are:
- Honeywell International Inc. (U.S.)
- Solvay (Belgium)
- INEOS (U.K.)
- DERIVADOS DEL FLUOR (DDF) (Spain)
- Air Products Inc. (U.S.)
- Morita chemical industries co. ltd (Japan)
- Sinochem Lantian Co., Ltd. (China)
- Zhejiang Sanmei Chemical Ind. Co. Ltd. (China)
- Yingpeng Chemical Co. Ltd. (China)
- Do-Fluoride New Materials Co., Ltd. (China)
- dongyue Group Co, Ltd (China)
- Fujian Shaowu Yongfei Chemical
- Fujian Shaowu Yongfei Chemical Co., Ltd. (China)
- ,Shaowu Huaxin Chemical CO.,LTD. (China)
- Juhua Group Corporation (China)
- 3F Industries Limited (India)
- Fubao Group (China)
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