Hydrofluoric Acid Market Competition Ranking, Market Size, Market Share, Forecast Report 2025-2030 | Expert Review

The hydrofluoric acid market is driven by its critical role in fluorochemicals, aluminum production, and petroleum refining. Key players are focusing on capacity expansion, safety measures, and sustainable solutions to meet rising industrial demand. With growing applications across electronics, chemicals, and metallurgy, the market is set for steady growth led by global manufacturers.
The hydrofluoric acid market size was estimated at USD 3.90 billion in 2024 and is projected to reach USD 5.10 billion by 2030 with a CAGR of 4.58%. The research report provides access to critical information such as hydrofluoric acid market growth [https://www.marketsandmarkets.com/Market-Reports/hydrofluoric-acid-market-263335999.html?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=hydrofluoricacid] drivers, market growth restraints, current market trends, the market's economic and financial structure, and other key market details. The hydrofluoric acid market is expected to expand due to several factors. There has been a rise in demand for fluorine compounds, increased use of hydrofluoric acid in refrigerants, hydrofluorocarbons, and hydrofluoroolefins, and a growth in industrial applications, which indicate strong growth potential for this market.

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The DHF (below 50% concentration) segment will hold the second-largest share of the market

The DHF (below 50% concentration) grade has become the second-largest segment in terms of value. The growing use of diluted hydrofluoric acid (DHF) across various industries is causing its concentration to drop below 50%. For metal pickling, glass etching, and cleaning processes, where a less-concentrated acid is safer and still effective, DHF is growing in popularity. This demand is mainly driven by the semiconductor industry, which requires precise glass etching and cleaning. DHF is also commonly found in household and commercial cleaning products because it can remove mineral oxides and deposits without the risks associated with higher concentrations.

Fluorinated derivatives will hold the second-largest share in the applications market during the forecast period

The market for fluorinated derivatives is expected to be the second largest during the forecast period. Hydrofluoric acid (HF) is commonly used to produce these derivatives because it efficiently adds fluorine to other substances. When fluorine atoms attach to different molecules, they form unique compounds called fluorinated derivatives. These compounds are used in various applications, including pharmaceuticals, refrigerants, agrochemicals, and fluoropolymers. For example, fluorinated ingredients are often more effective, longer-lasting, and resistant to heat or chemical damage, which is why they are found in many modern medicines and crop protection products.

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North America will hold the second-largest market share during the forecast period.

North America ranks as the second-largest market for hydrofluoric acid (HF). Demand for HF is growing in the region for several reasons. First, there is a high demand for refrigerants because many people and businesses are upgrading their air conditioners, refrigerators, and freezers. These upgrades often require hydrofluoric acid, a key component in manufacturing refrigerants. Additionally, the strong US semiconductor industry significantly contributes to the rising consumption of HF. This sector, known for its advanced technology and major role in electronics, depends on hydrofluoric acid for important processes like cleaning and etching silicon wafers. These wafers are essential for producing integrated circuits and chips, making HF crucial for maintaining the high standards needed in semiconductor manufacturing. As a result, the demand for hydrofluoric acid in North America is not only increasing but also vital for supporting growth in both the refrigeration and semiconductor sectors.

Hydrofluoric Acid Companies [https://www.marketsandmarkets.com/ResearchInsight/hydrofluoric-acid-market.asp?utm_source=abnewswire.com&utm_medium=referral&utm_campaign=hydrofluoricacid]

The report profiles key companies, including Honeywell International Inc. (US), Solvay (Belgium), Stella Chemifa Corporation (Japan), Daikin (Japan), LANXESS (Germany), Merck KGaA (Germany), Dongyue Group Ltd. (China), Orbia (Mexico), Yingpeng Group (China), and Fluorchemie Group (Germany).

Honeywell International Inc. (US) is a publicly traded, American global conglomerate firm with its main office in Charlotte, North Carolina. It manages its business operations through five segments: Aerospace Technologies, Industrial Automation, Building Automation, Energy and Sustainability Solutions, and Corporate and All Other. It focuses on energy-efficient products and solutions for buildings, businesses, and transportation; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and turbocharger control, sensing, and security for homes and buildings. The company operates ~722 locations and 174 manufacturing facilities worldwide. It adopts a collaboration strategy to expand its hydrofluoric acid market. The company supplies hydrofluoric acid to major end-use industries such as chemicals, glass, and metals.

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Solvay (Belgium) is a science-based company that develops innovations to improve various aspects of daily life. It operates through two main segments: Basic Chemicals and Performance Chemicals. In 2024, the company restructured its operations, consolidating its segments into two to better align with its business strategy. The Basic Chemicals segment includes products such as soda ash, bicarbonate, and peroxides. The Performance Chemicals segment offers a wider range of products from the Silica, Coatis, and Special Chem divisions. It has a presence in Asia Pacific, Europe, the Middle East, North America, and Latin America. The company's joint venture strategy was used to help maintain its market position.

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