Global Hydrofluoric Acid Market, By Grade (Anhydrous Hydrofluoric Acid (AHF), Diluted Hydrofluoric Acid (DHF) (Above 50% Concentration), and Diluted Hydrofluoric Acid (DHF) (Below 50% Concentration)), Application (Fluorocarbon Production, Fluorinated Derivative Production, Metal Pickling, Glass Etching and Cleaning, Oil Refining, Uranium Fuel Production, and Others), Type (UP Grade, UP-S Grade, UP-SS Grade, and EL Grade) - Industry Trends and Forecast to 2030.
Hydrofluoric Acid Market Analysis and Size
Hydrofluoric acid is utilized expansively in the chemical industry to produce fluorine compounds such as fluorides, fluorocarbons, and fluoropolymers. Hydrofluorocarbons (HFCs) and hydrofluoric-olefins (HFOs) are, in turn, utilized in many chief types of refrigerants used across the globe. Hydrofluoric acid is also applied in manufacturing aluminum fluoride, essential for producing aluminum products.
Data Bridge Market Research analyses that the hydrofluoric acid market which was USD 2.02 billion in 2022, is expected to USD 2.96 billion by 2030, and is expected to undergo a CAGR of 5.6% during the forecast period of 2023 to 2030.
“Fluorocarbon production” dominates the application segment of the hydrofluoric acid market as hydrofluoric acid is a key raw material in the production of various fluorocarbon compounds, including refrigerants, polymers, and fluorinated solvents. The demand for these products is driven by applications such as air conditioning, refrigeration, and electronics manufacturing.
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Hydrofluoric Acid Market Scope and Segmentation
2023 to 2030
2021 (Customizable to 2015-2020)
Revenue in USD Million, Volumes in Kilo Tons, Pricing in USD
Grade (Anhydrous Hydrofluoric Acid (AHF), Diluted Hydrofluoric Acid (DHF) (Above 50% Concentration), and Diluted Hydrofluoric Acid (DHF) (Below 50% Concentration)), Application (Fluorocarbon Production, Fluorinated Derivative Production, Metal Pickling, Glass Etching and Cleaning, Oil Refining, Uranium Fuel Production, and Others), Type (UP Grade, UP-S Grade, UP-SS Grade, and EL Grade).
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the Rest of Middle East and Africa
Market Players Covered
Honeywell International Inc. (U.S.), Solvay (Belgium), Mexichem (Mexico), LANXESS (U.S.), and Sinochem (China)
Hydrofluoric acid (HF) is a strong inorganic acid widely used in various industries. It is primarily produced by the reaction of sulfuric acid with fluorspar (calcium fluoride). HF is known for its corrosive and toxic properties and requires careful handling and storage. The hydrofluoric acid market is driven by several factors, including the demand from end-use industries such as chemicals, pharmaceuticals, automotive, and electronics. Here are a few key points about the hydrofluoric acid market.
Global Hydrofluoric Acid Market Dynamics
- Increasing Demand for Fluorinated Products
One driver for the global hydrofluoric acid market is the rising demand for fluorinated products, such as refrigerants, polymers, and fluorinated solvents. These products have diverse applications, including air conditioning, electronics manufacturing, and pharmaceuticals. Hydrofluoric acid is a key raw material in the production of these fluorinated compounds, driving the demand for HF. The growth of industries such as electronics and HVAC systems fuels this demand, as they require specialized fluorocarbon products for efficient operations
- Expanding Oil Refining Industry
The oil refining sector is another significant driver of the hydrofluoric acid market. HF acid is used in alkylation processes to produce high-octane gasoline, meeting the demand for cleaner and more efficient fuels. As global energy consumption continues to rise, especially in emerging economies, the demand for refined petroleum products remains strong. This, in turn, sustains the need for hydrofluoric acid in oil refining, driving market growth
- Rising Demand for Fluoropolymers
The increasing use of fluoropolymers in various industries, including automotive, chemicals, and pharmaceuticals, is a key driver. Hydrofluoric acid is a vital raw material in the production of these high-performance materials. The demand for durable, corrosion-resistant products is propelling the need for hydrofluoric acid
- Safety and Handling Concerns
Hydrofluoric acid is highly corrosive and poses significant safety risks to workers and the environment. Handling, storage, and transportation require strict safety measures and specialized equipment. Ensuring safe practices throughout the supply chain remains a major challenge for the industry
- Raw Material Supply
The production of hydrofluoric acid relies on the availability of raw materials such as fluorspar and sulfuric acid. Fluctuations in the supply and prices of these raw materials can impact the cost and availability of hydrofluoric acid, posing a challenge for both producers and consumers
- Stringent Environmental Regulations
One of the primary challenges is the increasing stringency of environmental regulations governing the handling, storage, and disposal of hydrofluoric acid. Compliance with these regulations can be costly and complex for manufacturers, potentially impacting production costs.
- Easy Availability of Alternatives
The market faces the challenge of potential substitution or alternative technologies in various applications, especially in industries where environmental and safety concerns are paramount. Finding innovative ways to address these challenges while maintaining market share is crucial for hydrofluoric acid manufacturers.
- Emerging High-Tech Applications
An opportunity lies in the growing use of hydrofluoric acid in high-tech applications such as semiconductor manufacturing, lithium-ion battery production, and photovoltaics. These industries require ultra-pure hydrofluoric acid to achieve precise and reliable results. As technology continues to advance, the demand for these applications is expected to increase, offering opportunities for hydrofluoric acid manufacturers to expand their market presence.
- Green Initiatives and Sustainable Manufacturing
An opportunity lies in the adoption of eco-friendly manufacturing processes and sustainable practices. Companies that develop and promote green alternatives to traditional hydrofluoric acid-based processes can gain a competitive edge as environmental regulations tighten.
This hydrofluoric acid market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 hydrofluoric acid market contact Data Bridge Market Research for an Analyst Brief, our team will help you make an informed market decision to achieve market growth.
- In November 2021, HMD Kontro, a leader in magnetic drive sealless pumps, has introduced a specialized pump designed for hydrofluoric acid (HF) alkylation in response to the growing demand for clean fuels. Developed in collaboration with HF unit operators and UOP, the pump ensures safe transfer of HF acid, featuring corrosion-resistant materials, secondary containment, and advanced monitoring. This innovation addresses the critical need for safe fluid containment in HF acid processes, benefiting the global hydrofluoric acid market's safety and environmental compliance
Global Hydrofluoric Acid Market Scope
The hydrofluoric acid market is segmented on the basis of grade, application, and type. 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.
- Anhydrous Hydrofluoric Acid (AHF)
- Diluted Hydrofluoric Acid (DHF) (Above 50% Concentration)
- Diluted Hydrofluoric Acid (DHF) (Below 50% Concentration)
- Fluorocarbon Production
- Fluorinated Derivative Production
- Metal Pickling
- Glass Etching And Cleaning
- Oil Refining
- Uranium Fuel Production
- UP grade
- UP-S grade
- UP-SS grade
- EL grade
Global Hydrofluoric Acid Market Regional Analysis/Insights
The hydrofluoric acid market is analyzed and market size insights and trends are provided by grade, application, and type are referenced above.
The countries covered in the hydrofluoric acid market report are U.S., Canada, and Mexico in North America, Brazil, Argentina, and the Rest of South America in South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, and the rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific in Asia-Pacific, and U.A.E., Saudi Arabia, Egypt, South Africa, Israel, and the rest of the Middle East and Africa in Middle East and Africa.
Asia-Pacific dominates the hydrofluoric acid market due to the rise in the supply and demand of hydrofluoric acid on the back of large fluorspar raw material reserves. Furthermore, the increase in the utilization in the applications such as civil, industrial, and national defence production industries will further boost the growth of the hydrofluoric acid market in the region during the forecast period.
Europe is expected to witness the fastest growth during the forecast period of 2023 to 2030 due to the rise in fluorochemical production applications. Moreover, the occurrence of major key players is further anticipated to propel the development of the hydrofluoric acid market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as down-stream and up-stream 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, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Hydrofluoric Acid Market Share Analysis
The hydrofluoric acid market competitive landscape provides details by competitors. 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 company’s focus related to the hydrofluoric acid market.
Some of the major players operating in the hydrofluoric acid market are:
- Honeywell International Inc. (U.S.),
- Solvay (Belgium)
- Mexichem (Mexico)
- LANXESS (U.S.)
- Sinochem (China)