Hydrogen Fluoride Market Share and Outlook 2028

According to Precision Business Insights (PBI), the latest report, the hydrogen fluoride market is expected to be worth USD 3.2 billion in 2022, growing at a 5.1% CAGR from 2022 to 2028. The global hydrogen fluoride market is projected to grow due to increasing consumer demand for products made with hydrogen fluoride and a booming mining sector worldwide. In addition, the introduction of hydrochlorofluorocarbons (HFO) has been noted as a critical development that will probably positively affect the worldwide hydrogen fluoride market shortly. The market is anticipated to grow as HFO is increasingly used as a foam blowing agent in the manufacture of polyurethane and polystyrene, as well as in cold storage facilities and home walls.

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Automotive Segment to Dominate the Hydrogen Fluoride Market:
The automotive segment is expected to account for a larger revenue share in the global hydrogen fluoride market, with a value share worldwide. It is projected to grow at a 5.4% CAGR between 2022 and 2028. The worldwide hydrogen fluoride market expands the variety of insulating foam applications in diverse industries, including construction, automotive, and consumer durables. The rising usage of aluminum in the automotive sector is also contributing to the expansion of the hydrogen fluoride market on a global scale. This is a result of manufacturing aluminum fluoride using hydrogen fluoride as a primary raw material. However, a significant element driving expansion in the worldwide hydrogen fluoride market is the rapidly increasing automotive industry on a global scale.

Africa Hydrogen Fluoride Market:
The Africa market is expected to increase in the global hydrogen fluoride market over the forecast period. It is projected to grow at a CAGR of 5.5% in the coming years. The primary end-use industries for hydrofluoric acid in South Africa are mining, stainless steel, industrial chemical, and petroleum alkylation. Various petroleum refinery facilities in South Africa use a catalytic process for motor fuel alkylation that uses hydrofluoric acid or sulfuric acid. Enhancing the fuel's characteristics through alkylation enables high octane and low emissions. Uranium is transformed using hydrogen fluoride. In South Africa, uranium conversion facilities use hydrogen fluoride to complete the conversion. As a result, the market for hydrogen fluoride in South Africa is supported by rising demand from various end-use industries.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players.
The global hydrogen fluoride market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In June 2021, Drägerwerk AG & Co. KGaA collaborated with AWC, Inc., a global technology distribution company of control and instrumentation equipment. AWC, Inc. reflects and encourages Dräger's fixed flame and hydrogen fluoride gas detection system portfolio revenues in Louisiana, Tennessee, and Alabama.

Detailed Segmentation
Based on the type, the market is segmented into the following:
• Gas Hydrogen Fluoride
• Liquid Hydrogen Fluoride

Based on the applications, the market is segmented into the following:
• Chemical Industry
• Mining and Metallurgical
• Pharmaceuticals
• Refrigerants
• Oil refinery
• Aluminum
• Semiconductor
• Others

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The Key players in the hydrogen fluoride market report are Solvay, Honeywell, Mexichem, YingPeng Chemicals, Dongyue Group, Do-Fluoride Chemicals, DUPONT, Arkema, LANXESS, and Sinochem Lantian.

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