Press release
Hydrofluoric Acid Market: Emerging Trends, Growth Drivers and Forecast 2024-2029
Hydrofluoric Acid Market Size
What Is The Projected Market Size Of The Global Hydrofluoric Acid Market And Its Growth Rate?
• The hydrofluoric acid market will grow from $1.49 billion in 2024 to $1.57 billion in 2025 (6.0% CAGR)
• The market is expected to reach $2 billion in 2029 (6.1% CAGR)
• Economic growth in emerging markets, increasing demand for chemical products, and increasing usage of aluminum are propelling the market growth
What Is Driving The Growth In The Hydrofluoric Acid Market?
Hydrofluoric acid is proving crucial in the manufacturing of fluorine-containing polymers, making it in demand in chemical industries. Its use in high-volume inorganic fluoride compounds further emphasizes its significance.
Data from the US Bureau of Labor Statistics and ACS Publications evidences the growth of the chemical industry, a key factor driving demand for hydrofluoric acid. The US chemical sector showed 1.4% growth in 2021, with an expected return to 4.3% growth in 2022.
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Who Are the Key Players Driving Hydrofluoric Acid Market Growth?
• Stella Chemifa Corp
• Solvay SA
• Honeywell International Inc
• Zhejiang Sanmei Chemical Ind.Co. Ltd.
• Do-Fluoride New Materials Co. Ltd.
• Lanxess AG
• Daikin Industries Ltd.
• Koura
• Dongyue Group Co. Limited.
• Fluorsid Group Srl
• A. B. Enterprises
• Triveni Interchem Pvt. Ltd
• Choice Organochem Llp.
• Siddhi Vinayak Industries
• Wuhan Wanbangde Industrial & Trade Co Ltd
• Xinyi Chemicals Industry Company LTD
• Shanshui Chemicals Industrial Co. Ltd
• Sinchem Industry Co. Ltd.
• Zhejiang Kaisn Flourochemical Co. Ltd
• Coogee, Brenntag SE
• CSC Jäklechemie GmbH & Co. KG.
• Rexchem UK Limited
• Penta chemicals
• Sigma-Aldrich
• SolvChem
• RICCA Chemical
• the Chemours Company
• Fisher Scientific
• Merck Millipore
• Alphachem Limited
• Correias Mercúrio
• Pall Corporation
• Mexichem Brasil
• Gulf Fluor LLC
• ICL Group Ltd
• Kemcore
• Desmet Ballestra
• Orbia
• Chemifa Corp.
What Are The Key Trends In The Hydrofluoric Acid Market?
• Product launches
• Introduction of new pump options
• Innovative developments
• Introduction of new purifying processes
What Are The Segments Of The Global Hydrofluoric Acid Market?
• By Product Type: Electronic Hydrofluoric Acid, Industrial Hydrofluoric Acid
• By Grade: Anhydrous, Diluted
• By Application: Fluorocarbon, Fluorinated Derivatives, Metal Pickling, Glass Etching, Oil Refining, Other Applications
Which Region Leads The Hydrofluoric Acid Market?
Asia-Pacific was the largest region in the hydrofluoric acid market in 2024 and is expected to be the fastest-growing region in the forecast period. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Hydrofluoric Acid Market Global Market Report?
- Market Size Analysis: Analyze the Hydrofluoric Acid Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Hydrofluoric Acid Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Hydrofluoric Acid Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Hydrofluoric Acid Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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