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Hydrofluoric Acid Market Analysis 2023-2032: Forecast Market Size, Top Segments And Largest Region | Daikin Industries Ltd., Dongyue Group Co. Limited., China National Chemicals Import & Export Corporation
Hydrofluoric Acid Global Market Report
The Business Research Company's Hydrofluoric Acid Global Market Report 2023 identifies the increasing demand from chemical industries is expected to propel the growth of the hydrofluoric (HF) acid market going forward. 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 grew from $2.28 billion in 2022 to $2.34 billion in 2023 at a compound annual growth rate (CAGR) of 2.4%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The market size of the hydrofluoric acid market is expected to grow to $2.62 billion in 2027 at a CAGR of 2.9%.
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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., Zhejiang Juhua Company Limited, DuPont de Nemours Inc., Mexichem S.A.B. de C.V., Sinochem Qingdao Co. Ltd., Fluoride Chemicals Co. Ltd., Fluorchemie Gruppe, Zhejiang Sanmei Chemical Ind.Co. Ltd., Fujian Shaowu Yongfei Chemical Co. Ltd., and Zhejiang Lansu Fluoride Co. Ltd.
A key trend in the Hydrofluoric Acid market includes the Product innovation is the key trend gaining popularity in the hydrofluoric acid market. Major companies operating in the hydrofluoric acid market are focused on developing technologically advanced products to strengthen their market position.
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The 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
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Hydrofluoric Acid market.
The Business Research Company's "Global Hydrofluoric Acid Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Hydrofluoric Acid Market 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
……
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
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