According to the report by Expert Market Research (EMR), the global industrial hydrofluoric acid market size is projected to grow at a CAGR of 5.1% between 2024 and 2032. Aided by the expanding demand for fluorinated derivatives and the growing use of hydrofluoric acid in various industries, the market is expected to grow significantly by 2032.
Hydrofluoric acid is a solution of hydrogen fluoride (HF) in water and is a precursor to almost all fluorine compounds. It is commonly used in industrial applications, including glass etching, metal cleaning, electronics manufacturing, and the production of refrigerants and fluoropolymers. It plays a pivotal role in various chemical reactions due to its ability to dissolve many materials, especially oxides.
The surging demand for fluorinated derivatives is a major driving force behind the global industrial hydrofluoric acid market growth. Due to their unique properties, such as high electronegativity and small size, fluorinated compounds are increasingly used in pharmaceuticals, agrochemicals, and specialty materials. This demand has led to a substantial rise in the requirement for hydrofluoric acid, a key ingredient in the production of these compounds.
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The expanding applications of hydrofluoric acid across different sectors are also fuelling the industrial hydrofluoric acid market expansion. In the semiconductor industry, it is used for cleaning silicon wafers and in wet-etching processes. The metal industry uses hydrofluoric acid for cleaning and pickling of stainless steel, while the glass industry employs it for frosting and etching.
Additionally, the rising need for refrigerants and propellants in various sectors, from HVAC systems to aerosol products, has further boosted the consumption of hydrofluoric acid. The acid is a critical component in the production of these substances, contributing to the growing hydrofluoric acid market size.
Hydrofluoric acid is also an essential component in the production of fluoropolymers, a class of high-performance plastic materials used in a wide range of industries, from automotive to electronics. As the demand for these materials increases, so does the demand for industrial hydrofluoric acid, thereby promoting the industrial hydrofluoric acid market development.
Furthermore, the ongoing development in technology and production processes could lead to more efficient and cost-effective ways of producing hydrofluoric acid, providing additional growth opportunities for the industrial hydrofluoric acid market. The introduction of such innovative processes may also help mitigate some of the environmental and safety concerns associated with hydrofluoric acid production and handling.
Industrial Hydrofluoric Acid Market Segmentation
The market can be divided based on type, application, and region.
Market Breakup by Type
- Anhydrous Hydrofluoric Acid
- Diluted Hydrofluoric Acid (Above 50% Concentration)
- Diluted Hydrofluoric Acid (Below 50% Concentration)
Market Breakup by Application
- Fluorocarbon Production
- Fluorinated Derivative Production
- Metal Pickling
- Glass Etching and Cleaning
- Oil Refining
- Uranium Fuel Production
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Competitive Landscape of Industrial Hydrofluoric Acid Market
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global industrial hydrofluoric acid companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Merck KGaA
- Solvay SA
- Columbus Chemical Industries (CCI)
- LANXESS AG
- Honeywell International Inc.
- Others
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