Press release
Hydrofluoric Acid Market 2020 Is Estimated to Reach USD 7077.51 million By 2027 with Global Players Like - Dongyue Group, Daikin Airconditioning India Pvt. Ltd., Honeywell International Inc
Hydrofluoric Acid
Global hydrofluoric acid market is expected to rise to an estimated value of USD 7077.51 million by 2026, registering a substantial CAGR of 5.75% in the forecast period of 2019-2026. Increasing demand of hydrofluorocarbons and increasing usage of hydrofluoric acid in various applications is the major factors for the growth of this market.
Hydrofluoric acid is an inorganic acid which is a solution of the hydrogen fluoride in water. They are usually highly destructive in nature and are colorless. These solutions are widely used for fluorinated derivative production, metal pickling, uranium fuel production, glass etching etc. These solutions can destroy concrete, glazes and enamels easily. Wax, polyethylene and platinum are some of the material which can resist the hazardous effects of hydrofluoric acid. Rising usage of fluorine compounds from various industries is the major factor fuelling the market growth.
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Major Market Players Covered in the Hydrofluoric Acid Market Are:
Few of the major competitors currently working in global hydrofluoric acid market are Dongyue Group, Daikin Airconditioning India Pvt. Ltd., Honeywell International Inc., Solvay, Mexichem, LANXESS, Sinochem, Ying Peng Group, Fluoride Action Network, Fluorchemie, Shaowu Yongfei Chemical Industry Limited Company, Gulf Fluor, Shaowu Huaxin Chemical Industry, Navin Fluorine International Limited, Tanfac Industries Ltd, SRF Limited and others.
Market Drivers:
• Rising preference of fluorine compounds from various industries is driving the growth of this market
• Increasing demand for hydrofluorocarbons and hydrofluorolefins is driving the market growth
• Increasing usage of hydrofluoric acid for the manufacturing of fluorinated derivatives is another factor driving the growth of this market
• Increasing demand of aluminium from end- users will also accelerate the market
Market Restraints:
• Rising awareness about the dangerous effects of hydrofluoric acid is driving the growth of this market
• Strict regulations related to the usage of fluorocarbon refrigerants are restraining the market growth
• Uneven distribution of the raw material used for hydrofluoric acid production will also restrict the market growth
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Global Hydrofluoric Acid Market Scope and Market Size
By Grade
o AHF
o DHF (Above 50% Concentration)
o DHF (Below 50% Concentration)
By Application
o Fluorocarbon Production
o Fluorinated Derivative Production
o Metal Pickling
o Glass Etching and Cleaning
o Oil Refining
o Uranium Fuel Production
o Others
By Type
o UP Grade
o UP-S Grade
o UP-SS Grade
o EL Grade
Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific
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Strategic Points Covered in Table of Content of Global Hydrofluoric Acid Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports
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