Press release
Global Hydrofluoric Acid Market Expected to Witness a Sustainable Growth over 2023
Hydrofluoric acid is a solution of hydrogen fluoride (HF) in water. It is a colourless solution that is highly corrosive, capable of dissolving many materials, especially oxides. Electronic grade hydrofluoric acid is divided into EL, UP, UPS, UPSS.
Currently, a few companies in the world can produce Electronic Grade Hydrofluoric Acid product, especially high-grade products. They mainly concentrated in China, Taiwan and Japan. The main market players are Stella Chemifa Corp, FDAC, and Zhejiang Kaiheng Electronic Materials etc. In the past five years, the sales volume of Electronic Grade Hydrofluoric Acid increased to from 176 K MT in 2012 to 252 K MT in 2016, with an average growth rate of 9.41%.
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Global Hydrofluoric Acid Market: Forecast by Type / Application / Region
In consumption market, the growth rate of global consumption is fast relatively. China is still the mainly consumption regions due to the advanced downstream industries and rapid development of economy. However, the demand in China is mainly concentrated in the field of EL grade.
Electronic Grade Hydrofluoric Acid can be classified as four types according to the purity, include UP Grade, UP-S Grade, UP-SS Grade and EL Grade. It can be widely used in many industries. Survey results showed that 61% of the Electronic Grade Hydrofluoric Acid market is integrated circuit industry, 17% is used in monitor panel industry. The downstream market demand is from Monitor Panel field.
The major raw material for Electronic Grade Hydrofluoric Acid is AHF. In the global market, supply of raw materials is full. Initial materials fluorite mainly concentrated in China, Mongolia, South Africa and Mexico. In the world wide, giant manufactures mainly distribute in those areas. China has a long history and unshakable status in this industry. Fluctuations in the price of the upstream product will impact on the production cost of Electronic Grade Hydrofluoric Acid industry. The price changes in 2017 are mainly due to the sharp rise in the price of fluorite.
Study Group believes that the development potential of this industry has a huge space, especially in the case of the development of downstream products with high added value is developed fast.
Over the next five years, LPI(LP Information) projects that Hydrofluoric Acid will register a 9.5% CAGR in terms of revenue, reach US$ 1080 million by 2023, from US$ 690 million in 2017.
Global Hydrofluoric Acid Market: Key Players
Stella Chemifa Corp
FDAC
Honeywell
Solvay(Zhejiang Lansol)
Morita
Sunlit Chemical
Zhejiang Kaiheng Electronic Materials
Do-Fluoride Chemicals
Suzhou Crystal Clear Chemical
Jiangyin Jianghua Microelectronics Materials
Shaowu Fluoride
Shaowu Huaxin
Yingpeng Group
Sanmei
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Related Information:
United States Hydrofluoric Acid Market Research Report 2018
Europe Hydrofluoric Acid Market Research Report 2018
North America Hydrofluoric Acid Market Research Report 2018
Asia-Pacific Hydrofluoric Acid Market Research Report 2018
China Hydrofluoric Acid Market Research Report 2018
EMEA Hydrofluoric Acid Market Research Report 2018
Global Hydrofluoric Acid Market Research Report 2018
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