Press release
Hydrofluoric Acid Global Market Likely To Boost Future Growth By Daikin Industries Ltd., Dongyue Group Co. Limited., China National Chemicals Import & Export Corporation, Yingpeng Chemical Co. Ltd., Honeywell International Inc.
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The global hydrofluoric acid market report by the business research company identifies the increasing demand from chemical industries to be a major growth driver for the hydrofluoric acid market. In the manufacture of fluorine-containing polymers, hydrofluoric acid is a critical reagent. HF is used to make several organ fluorine chemicals such as polytetrafluoroethylene (Teflon), fluorocarbons, and refrigerants including freon. Hydrofluoric acid is also used to make a variety of high-volume inorganic fluoride compounds. Hence, the use of hydrofluoric acid in chemical industries is driving the demand.
The global hydrofluoric acid market size is expected to grow from $2.22 billion in 2021 to $2.25 billion in 2022 at a compound annual growth rate (CAGR) of 1.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The hydrofluoric acid market is expected to grow to $2.33 billion in 2026 at a CAGR of 0.9%.
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Asia-Pacific was the largest region in the hydrofluoric acid market in 2021. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the hydrofluoric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Major players in the hydrofluoric acid market are Daikin Industries Ltd., Dongyue Group Co. Limited., China National Chemicals Import & Export Corporation, Yingpeng Chemical Co. Ltd., Honeywell International Inc., Stella Chemifa Corp., Koura Global, Lanxess AG, Solvay S.A., Do-Fluoride New Materials Co. Ltd., Shandong Dongyue Chemical Co. Ltd.
The global hydrofluoric acid market is segmented -
1) By Product Type: Electronic Hydrofluoric Acid, Industrial Hydrofluoric Acid.
2) By Grade: Anhydrous, Diluted.
3) By Application: Fluorocarbon, Fluorinated Derivatives, Metal Picking, Glass Etching, Oil Refining, Other Applications.
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The Hydrofluoric Acid Market Report Contents Include
1. Executive Summary
2. Hydrofluoric Acid Market Characteristics
3. Hydrofluoric Acid Market Trends And Strategies
4. Hydrofluoric Acid Market - Macro Economic Scenario
5. Hydrofluoric Acid Market Size And Growth
....
26. Africa Hydrofluoric Acid Market
27. Hydrofluoric Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydrofluoric Acid Market
29. Hydrofluoric Acid Market Future Outlook and Potential Analysis
30. Appendix
This report covers the trends and market dynamics of the Hydrofluoric Acid market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.
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