Hydrofluoric Acid Market- By Grade, DHF, Application and Regional Analysis

Hydrofluoric acid (HF) is a colourless, corrosive, and toxic liquid that is water soluble. It has numerous industrial applications, including glass etching, metal and ceramic cleaning, and water treatment. In addition, HF is used in the manufacture of pharmaceuticals, semiconductor chips, and other electronic components. The use of HF in the electronics and automotive industries, as well as its ability to clean surfaces and remove impurities from water, is driving up demand. It's also used to make fluorinated polymers and fluorinated solvents.?Additionally, its use in the production of pharmaceuticals, plastics, and other specialty chemicals has also contributed to the increased demand.

The global Hydrofluoric Acid Market is approximated to be USD 3.4 billion in 2022, and it is projected to reach USD 4.5 billion by 2027, at a CAGR of 5.9%. Increasing urbanization, improving living standards, rising income levels, increasing developmental activities, and increasing demands from several application segments such as the production of fluorocarbons, fluorinated derivatives, oil refining, metal picking, uranium fuel production, and others which help in boosting demands for hydrofluoric acid in the market. The fluctuations in the prices of raw materials, and the stringent regulations on the use of fluorocarbon refrigerants are the main restraint for this hydrofluoric acid market. The utilization of hydrofluoric acid in glass etching and cleaning applications comes out to be a better opportunity for the hydrofluoric acid market. However, higher transportation costs, and toxicity & hazardous effects of hydrofluoric acid which becoming a major challenge for the market.

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By Grade, AHF accounted for the largest share in 2021

Anhydrous Hydrofluoric Acid is an acronym of AHF, which is colorless and toxic compound. It is used in several end-use industries including the semiconductor, petroleum refining, and pharmaceutical industries, and others. It is used a main feedstock in the manufacturing of fluorocarbons. Apart from this, it is used in producing organic and inorganic fluorine compounds, and it is also used as a catalyst in oil refineries for the alkylation process. It is mostly packed in mid-pressure steel cylinders (having a net weight of 330 kg or 660 kg per cylinder) without a fusible stopper. It must be stored in a shed and kept away from the sunlight due to its hazardous effects.

By Application, the?Production of fluorocarbons?accounted for the largest share in 2021

Fluorocarbons are those compounds that contain both carbon, hydrogen and fluorine atoms. They are also known as perfluorocarbons (PFCs) when all the hydrogen atoms in the molecule are replaced by fluorine. Fluorocarbon compounds are often used in a variety of industrial and commercial applications due to their unique properties such as their stability, non-reactivity, and low toxicity. Fluorocarbons are mainly manufactured through the halogenation process, where hydrocarbons react with fluorine or a fluorine-containing compound to produce fluorocarbons. In the era of technology, most fluorocarbon compounds are manufactured via the hydrofluorocarbon (HFC) process, which involves the fluorination of partially fluorinated hydrocarbons.

Asia Pacific accounted for the largest share of the hydrofluoric acid Market in 2021

Due to the rise in increasing developmental activities such as highways, infrastructure, etc, rising urbanization, improving living standards, increasing demands from several applications segments such as the production of fluorinated compounds, production of fluorocarbons, oil refining, metal pickling, etc. helps in rising the demands for hydrofluoric acid in the market. Owing to the rising income of people in this region, the demand for electronics goods, consumer goods, the need for residential and non-residential complexes etc., are increasing, which also led the market of hydrofluoric acid in the forecast period.

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The hydrofluoric acid market comprises major players such as

霍尼韦尔 International Inc.(US), 索尔维 (Belgium), STELLA CHEMIFA CORPORATION (Japan), Daikin Comfort (Japan), 朗盛 (Germany), Merck KGaA, Darmstadt, Germany (Germany), 东岳集团有限公司 Ltd (China), Orbia (Mexico), Yingpeng Group (China), Fluorchemie Group (Germany), and others.