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Strategic Partnerships Driving Innovation in the Hydrofluoric Acid Market Industry Trends Gaining Momentum in the Global Hydrofluoric Acid Market

07-15-2025 10:33 AM CET | Chemicals & Materials

Press release from: The Business Research Company

Hydrofluoric Acid

Hydrofluoric Acid

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Hydrofluoric Acid Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the hydrofluoric acid market has seen significant expansion. Going from $1.49 billion in 2024 to $1.57 billion in 2025, it's expected to grow at a compound annual growth rate (CAGR) of 6.0%. The impressive growth during the previous years can be linked to robust economic advancements in emerging markets, rising demand for chemical commodities, and a surge in the use of aluminum.

Hydrofluoric Acid Market Size Forecast: What's the Projected Valuation by 2029?
The market size for hydrofluoric acid is predicted to experience robust growth in the coming years, expanding to $2 billion by 2029 with a compound annual growth rate (CAGR) of 6.1%. The projected increase during this forecast period is largely due to government backing and the rising usage of commercial and household cleaning products. The forecast period is also likely to witness significant trends such as the launch of new products, the availability of fresh pump alternatives, pioneering advancements, and the commencement of new purification procedures.

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What Are the Drivers Transforming the Hydrofluoric Acid Market?
The growing needs of the chemical industry are anticipated to spur the expansion of the hydrofluoric (HF) acid market. Hydrofluoric acid serves as a crucial reagent in the production of fluorine-based polymers. It's utilized in the creation of several organ fluorine chemicals such as polytetrafluoroethylene (Teflon), fluorocarbons, and freon refrigerants. Hydrofluoric acid is also involved in the production of numerous high-volume inorganic fluoride compounds. As a result, its usage in chemical industries is fostering the demand. For instance, the US Bureau of Labor Statistics reported in July 2023 that in the U.S., the export trade value for chemical manufacturing products in 2022 amounted to $288.0 billion, indicating a 13.4% increase from 2021. Moreover, the ACS Publications stated in January 2022 that the US chemical sector bounced back in 2021, witnessing a growth of 1.4%, and projected the growth rate of chemical output to reach 4.3% in 2022. Hence, the rising demand from chemical industries is fuelling the growth of the hydrofluoric acid market.

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What Long-Term Trends Will Define the Future of the Hydrofluoric Acid Market?
Major operators in the hydrofluoric acid market are leveraging strategic partnerships to forge innovative product lines. Such partnerships offer benefits including resource and expertise consolidation, amplified research and development prowess, extended market penetration, and expedited commercialization, which collectively stimulate growth and innovation in the hydrofluoric acid sector. As an example, in February 2023, Taiwan Semiconductor Manufacturing Company Limited, a semiconductor production firm headquartered in Taiwan, joined forces with suppliers. The objective behind TSMC's alliance with suppliers is to boost the sustainable production of hydrofluoric acid by the application of phosphate fertilizer waste, which simultaneously reduces dependency on fluorspar and cuts carbon emissions. This initiative echoes TSMC's commitment towards green innovation and the creation of a low-carbon supply chain in semiconductor production.

Which Segments in the Hydrofluoric Acid Market Offer the Most Profit Potential?
The hydrofluoric acid market covered in this report is segmented -

1) By Product Type: Electronic Hydrofluoric Acid, Industrial Hydrofluoric Acid
2) By Grade: Anhydrous, Diluted
3) By Application: Fluorocarbon, Fluorinated Derivatives, Metal Pickling, Glass Etching, Oil Refining, Other Applications

Subsegments:
1) By Electronic Hydrofluoric Acid: Ultra-Pure Hydrofluoric Acid, Specialty Grade Hydrofluoric Acid For Electronics
2) By Industrial Hydrofluoric Acid: Anhydrous Hydrofluoric Acid, Aqueous Hydrofluoric Acid, Technical Grade Hydrofluoric Acid For Various Applications

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Which Firms Dominate the Hydrofluoric Acid Market by Market Share and Revenue in 2025?
Major companies operating in the hydrofluoric acid market include 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 Global, 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.

Which Regions Offer the Highest Growth Potential in the Hydrofluoric Acid Market?
Asia-Pacific was the largest region in the hydrofluoric acid market in 2024. 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, Middle East, Africa.

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