Press release
Future of Hydrofluoric Acid Market: Size, Share & Forecasts to 2029
Hydrofluoric Acid
What Is the Projected Market Size Valuation of the Hydrofluoric Acid Market by 2025?
The scale of the hydrofluoric acid market has been expanding consistently in the past few years. It is expected to rise from $1.49 billion in 2024 to $1.55 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 4.5%. This increase in the past has been driven by robust economic development in emerging markets, escalated demand for chemical products, and a rising utilization of aluminum.
What Is the Estimated Market Growth Value for the Hydrofluoric Acid Industry in 2029?
Strong expansion in the hydrofluoric acid market is anticipated over the coming years, surging to $1.94 billion by 2029 with a 5.7% compound annual growth rate (CAGR). This predicted growth within the projected timeframe can be connected to governmental backing and the increasing application of industrial and household cleaners. The forecast period is expected to see significant trends such as the launch of new products, the emergence of new pump choices, inventive advancements, and the introduction of novel purification methods.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/hydrofluoric-acid-global-market-report
What Are the Growth Drivers and Opportunities in the Hydrofluoric Acid Market?
The surge in demand from chemical industries is projected to fuel the expansion of the hydrofluoric acid market in the future. Hydrofluoric acid functions as a crucial reagent in the production of fluorine-inclusive polymers. Assorted organofluorine chemicals such as polytetrafluoroethylene (Teflon), fluorocarbons, and refrigerants like freon are created using HF. Further, hydrofluoric acid is applied in the manufacture of an array of high-volume inorganic fluoride compounds. The heavy reliance of chemical industries on hydrofluoric acid affirms its driving role in the market demand. Case in point, as stated by the US Bureau of Labor Statistics in July 2023, the trade value of US exports concerning chemical manufacturing products in 2022 rose to $288.0 billion, marking a 13.4% increase on the 2021 figures. As per data from ACS Publications in January 2022, the US chemical sector had rebounded in 2021 with a growth of 1.4% in production. Moreover, it is predicted that the growth of chemical production will regain its momentum at 4.3% in 2022. Consequently, the escalating demand from chemical industries bolsters the intensifying market demand for hydrofluoric acid.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=7451&type=smp
What Are the Primary Segments Covered in the Global Hydrofluoric Acid Market Report?
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
What Are the Top Growth Trends in the Hydrofluoric Acid Market?
Key players in the hydrofluoric acid market are making strategic alliances to stimulate the creation of inventive products. These partnerships present an opportunity for hydrofluoric acid firms to pool resources and expertise, bolster research and development efforts, widen their market footprint, and expedite commercialization thus nurturing invention and expansion in the hydrofluoric acid sector. For instance, in February 2023, Taiwan Semiconductor Manufacturing Company Limited, a semiconductor manufacturing company stationed in Taiwan, initiated a collaboration with suppliers. The objective of this alliance between TSMC and suppliers is to optimize the eco-conscious production of hydrofluoric acid via the use of phosphate fertilizer waste, thereby cutting down on the dependency on fluorspar and reducing carbon discharge. This step underlines TSMC's dedication to environmental invention and the cultivation of a low-carbon supply chain in semiconductor manufacturing.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=7451&type=smp
Which Companies Are Shaping the Future of the Hydrofluoric Acid Market?
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 Region Holds the Largest Market Share in the Hydrofluoric Acid Industry?
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.
Speak With Our Expert: Saumya Sahay: Americas +1 310-496-7795: Asia +44 7882 955267 & +91 8897263534: Europe +44 7882 955267: Email: saumyas@tbrc.info: The Business Research Company - www.thebusinessresearchcompany.com: Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Future of Hydrofluoric Acid Market: Size, Share & Forecasts to 2029 here
News-ID: 4161636 • Views: …
More Releases from The Business Research Company
Bio-based Materials Industry Growth Outlook: 21.7% CAGR and $104.16 Billion by 2 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Bio-based Materials Market Size 2025?
In the past few years, the size of the bio-based materials market has experienced significant growth. It is anticipated that the market, which was worth $38.16 billion in 2024, will increase to $47.42 billion in 2025, marking a compound…
Heat Transfer Fluids Market to Record 6% CAGR Growth Through 2029 | Global Analy …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Heat Transfer Fluids Market Outlook: How is the Market Expected to Grow by 2025?
The market size for heat transfer fluids has seen robust growth in the recent past. The figure is projected to rise from $4.01 billion in 2024 and reach $4.23 billion in 2025, with a compound annual…
Global Xylene Market Expansion at 4.3% CAGR, Valued at $75.9 Billion by 2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
What Are the Xylene Market Size Forecast for 2025?
There has been a slight expansion in the xylene market size over the past few years. The market is projected to increase from a value of $62.87 billion in 2024 to approximately $64.12 billion in 2025, with a compound annual growth…
Toluene Market on Path to Hit $46.95 Billion by 2029 at 5.5% CAGR
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Toluene Market Outlook: What Size And CAGR Are Anticipated By 2025?
Consistent progress has been detected in the size of the toluene market in past few years. It is projected to expand from a value of $36.69 billion in 2024 to $37.86 billion in 2025, growing at a compound annual…
More Releases for Hydrofluoric
Strategic Partnerships Driving Innovation in the Hydrofluoric Acid Market Indust …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
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)…
Emerging Trends Influencing The Growth Of The Electronic Grade Hydrofluoric Acid …
The Electronic Grade Hydrofluoric Acid Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Electronic Grade Hydrofluoric Acid Market Size Expected to Be by 2034?
The electronic grade hydrofluoric acid market grew strongly, projected to reach $1.96 billion in 2025, up from $1.82…
Rising Demand From Chemical Industries Fuels Growth In The Hydrofluoric Acid Mar …
The Hydrofluoric Acid Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Expected Hydrofluoric Acid Market Size During the Forecast Period?
The dimension of the hydrofluoric acid market has seen robust growth in the past few years. The market is expected to expand from…
Global Hydrofluoric Acid, Market Trends, Opportunities, Analysis 2024
The Business Research Company recently released a comprehensive report on the Global Hydrofluoric Acid Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample…
Hydrofluoric Acid Market Analysis By Product (Industrial, Electronic)
Hydrofluoric Acid Market Forecasts to 2028 – Global Analysis By Product (Industrial, Electronic), Application (Steel Pickling, Oil Refining), End User (Chemical Processing, Electronics), and By Geography
Hydrofluoric acid (HF), also known as fluorohydrin acid and hydronium fluoride, is a solution of hydrogen fluoride with colorless appearance. It is a weak acid, and is highly corrosive and toxic for individuals, as it can damage lungs and cornea of eyes permanently. It is…
Global Industrial Hydrofluoric Acid Market Growth 2019-2024
LP INFORMATION offers a latest published report on Industrial Hydrofluoric Acid Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report.
According to this study, over the next five years the Industrial Hydrofluoric Acid market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019.…
