Global Hydrofluoric Acid Market - Trends, COVID-19 impact and Growth Forecasts to 2029
Global Hydrofluoric Acid Market by application (Fluorocarbon, Metal Treatment, Glass Processing, Petroleum Alkylation Catalysis, Uranium Fuel Production, and Others), by type (Anhydrous Hydrofluoric Acid, Diluted Hydrofluoric Acid), by region (Asia-Pacific, North America, Europe, South America, Middle East and Africa), with forecasts till 2029 (value and volume)
The global Hydrofluoric Acid market is valued at US$4.4 billion in 2021 and is expected to grow at a CAGR of 3.7% mainly due to increasing consumption of the chemical for glass etching and cleaning applications during the forecast period. The chemical is also utilized in the manufacture of fluorocarbons, which are utilized in refrigeration application.
ChemIntel360’s global Hydrofluoric Acid market study is a 173 slide report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. The study offers granular value and volume data from a global, regional, and applications perspective.
For the purpose of this study, we have considered the base year to be 2021, the historical period to run through 2018-2021 and the forecast period from 2022-2029.
Figure 1: Global Hydrofluoric Acid Market during 2018-2029 in US$ billion
Insights on Application:
Fluorocarbon segment accounted for the dominant share of 58% in Hydrofluoric Acid market in 2021. Hydrofluoric Acid is used as a key raw material for the production of fluorocarbons, which are used in air conditioning and refrigeration.
Metal treatment is another key application of Hydrofluoric Acid market. Hydrofluoric Acid can be used to dissolve metal oxides, and, hence, utilized at different steps in the processing of various metals and metal alloys such as Titanium, Carbon Steel, and Stainless Steel. It is also utilized to isolate key metals from their ores and for cleaning of non-ferrous metal based components.
Hydrofluoric Acid is also used in glass processing application. The chemical is utilized as an etching agent in the manufacturing of glass substrates, Silicon Nitride, and Silicon Dioxide.
Figure 2: Global Hydrofluoric Acid Market by Application in 2021
Insights on Type:
Hydrofluoric Acid market is segmented into Anhydrous Hydrofluoric Acid and Diluted Hydrofluoric Acid based on type. Anhydrous Hydrofluoric Acid accounted for 65% of the market share in 2021. It is the most commonly utilized type of Hydrofluoric Acid due to its broad use in the fluorocarbon and fluorinated derivative manufacturing. It is also utilized in the production of ceramics and glass.
Diluted Hydrofluoric Acid accounted for 35% of the market share in 2021. It is utilized in the development of stain and rust removers as well as automotive cleaners.
Figure 3: Global Hydrofluoric Acid Market by Type in 2021
Regional Insights:
The APAC region accounted for 61.2% of the Hydrofluoric Acid market due to growing demand of the chemical in civil and industrial industries. In addition, development of reserves of Fluorospar, a key ingredient in the production of Hydrofluoric Acid would contribute to the growth of the regional market.
The North American region held the second-largest share in the global Hydrofluoric Acid market. This is attributed to the growing use of Hydrofluoric Acid in manufacturing of fluorinated derivatives.
Figure 4: Global Hydrofluoric Acid Market by region in 2021
Insights on Key Markets:
China was the largest market and was valued at US$1455.9 million in 2021. This can be attributed to the presence of key Hydrofluoric Acid manufacturers such as Dongyue Group, Sinochem, Yingpeng Chemical, and Fluoride Chemicals in the country. In addition, strong demand from fluorochemicals industry is expected to drive the growth of the market.
The U.S. market was valued at US$675.6 million in 2021. Growing demand of Hydrofluoric Acid in the metal processing and fluorocarbon application would contribute to the growth of the country’s Hydrofluoric Acid market.
Figure 5: Global Hydrofluoric Acid Market by Key Countries in 2021
Market Dynamics
Trends
Energy storage devices are expected to play a key role in the development of smart grid systems. A key trend observed in the market is the growing usage of Hydrofluoric Acid-based Fluoropolymers in upcoming technologies such as energy storage devices, which includes fuel cell material and capacitors. Growing governmental support for these technologies would support the demand of Hydrofluoric Acid market.
Drivers
Hydrofluoric Acid is involved as a glass etching reagent in the glass-derived substrates manufacturing. Due to its inherent capability to dissolve silicates, it is used in the production of silicon nitride, and silicon dioxide which are used as dielectric layers in integrated circuit manufacturing. Increase use of integrated circuits in electronics sector would contribute to the growth of the market.
Opportunities
Hydrofluoric Acid can be utilized in the pharmaceutical industry in the development of Fluorine based intermediates. These fluorine based compounds can be used in the production of a range of different medications. For instance, it can be utilized in the development of antidepressant medication as well as anaesthetics. New pharmaceutical uses would offer key opportunity to the market players to improve their market share.
Challenges
Regulatory bodies across the European and North American region have issued directives to reduce the usage of fluorocarbon refrigerants, derived from Hydrofluoric Acid, due to its negative effect on the ozone layer. In addition, the economies in the European region have reached an agreement to use viable substitutes in its place. The strict mandates on the Hydrofluoric Acid’s usage would hinder the growth of the market.
Covid impact on the market
Hydrofluoric Acid is utilized as a glass etching reagent in the production of glass-derived substrates. Due to the outbreak of the COVID-19 pandemic and the resultant factory closures, all manufacturing operations were halted, which negatively impacted the glass etching applications and in turn, the broader Hydrofluoric Acid market. As industries gradually resume full-fledged operations, demand is expected to pick up.
Scope of the Global Hydrofluoric Acid report
This report provides analysis of the latest industry trends and estimates revenue and volume growth at global, regional, and country levels. For this report, ChemIntel360 has segmented the global Hydrofluoric Acid market based on application, type and region.
Insights on Application (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- Fluorocarbon
- Metal treatment
- Glass processing
- Petroleum alkylation catalysis
- Uranium fuel production
- Others
Insights on Type (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- Anhydrous Hydrofluoric Acid
- Diluted Hydrofluoric Acid
Insights on Regional market (Volume in Kilotons; Revenue in US$ billion/ million, 2018-2029)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Asia Pacific
- China
- India
- Japan
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
Table of Contents
Executive summary
Table of contents
List of tables
List of figures
Chapter-1: Introduction
1.1 Objective of the report
1.2 Market definition
1.3 Scope of the report
1.3.1 Markets covered
1.3.2 Years covered
1.4 Conventions
1.5 Stakeholder
1.6 Summary methodology
1.7 Data collection
1.7.1 Secondary research
1.7.2 Primary research
1.8 Market size estimation
1.8.1 Bottom-up approach
1.8.2 Top-down approach
1.9 Data triangulation
1.10 Assumptions and limitations
1.11 COVID-19 impact
Chapter-2: Market Overview
2.1 Introduction
2.2 Covid impact on the market
2.3 Market Dynamics
2.3.1 Drivers
2.3.2 Restraints
2.3.3 Opportunities
2.3.4 Challenges
2.4 Key Players
2.5 Trends
2.6 Recent Developments
Chapter-3: Segment Analysis
3.1.1 Market overview, 2018-2029 (US$ billion)
3.1.2 Market overview, 2018-2029 (million tons)
3.2.1 Hydrofluoric Acid market: Fluorocarbon (US$ billion)
3.2.2 Hydrofluoric Acid market: Fluorocarbon (million tons)
3.3.1 Hydrofluoric Acid market: Metal treatment (US$ billion)
3.3.2 Hydrofluoric Acid market: Metal treatment (million tons)
3.4.1 Hydrofluoric Acid market: Glass processing (US$ billion)
3.4.2 Hydrofluoric Acid market: Glass processing (US$ million tons)
3.5.1 Hydrofluoric Acid market: Petroleum alkylation catalysis (US$ billion)
3.5.2 Hydrofluoric Acid market: Petroleum alkylation catalysis (million tons)
3.6.1 Hydrofluoric Acid market: Uranium fuel production (US$ billion)
3.6.2 Hydrofluoric Acid market: Uranium fuel production (US$ billion)
3.7.1 Hydrofluoric Acid market: Others (US$ billion)
3.7.2 Hydrofluoric Acid market: Others (million tons)
Chapter-4: Regional Analysis
4.1 Market overview, 2018-2029
4.2.1 Market overview, 2018-2029 (US$ billion)
4.2.2 Market overview, 2018-2029 (million tons)
4.3.1 Hydrofluoric Acid market: Asia Pacific (US$ billion)
4.3.2 Hydrofluoric Acid market: Asia Pacific (million tons)
4.4.1 Hydrofluoric Acid market: North America (US$ billion)
4.4.2 Hydrofluoric Acid market: North America (US$ billion)
4.5.1 Hydrofluoric Acid market: Europe (US$ billion)
4.5.2 Hydrofluoric Acid market: Europe (million tons)
4.6.1 Hydrofluoric Acid market: South America (US$ billion)
4.6.2 Hydrofluoric Acid market: South America (million tons)
4.7.1 Hydrofluoric Acid market: Middle East and Africa (US$ billion)
4.7.2 Hydrofluoric Acid market: Middle East and Africa (million tons)
Chapter-5: Regional market Analysis by Application
5.1 Hydrofluoric Acid regional market application composition
5.1.1 Hydrofluoric Acid market: APAC Fluorocarbon (US$ billion)
5.1.2 Hydrofluoric Acid market: APAC Fluorocarbon (million tons)
5.2.1 Hydrofluoric Acid market: APAC Metal treatment (US$ billion)
5.2.2 Hydrofluoric Acid market: APAC Metal treatment (million tons)
5.3.1 Hydrofluoric Acid market: APAC Glass processing (US$ billion)
5.3.2 Hydrofluoric Acid market: APAC Glass processing (million tons)
5.4.1 Hydrofluoric Acid market: APAC Petroleum alkylation catalysis (US$ billion)
5.4.2 Hydrofluoric Acid market: APAC Petroleum alkylation catalysis (million tons)
5.5.1 Hydrofluoric Acid market: APAC Uranium fuel production (US$ billion)
5.5.2 Hydrofluoric Acid market: APAC Uranium fuel production (million tons)
5.6.1 Hydrofluoric Acid market: APAC others (US$ billion)
5.6.2 Hydrofluoric Acid market: APAC others (million tons)
5.7.1 Hydrofluoric Acid market: North America Fluorocarbon (US$ billion)
5.7.2 Hydrofluoric Acid market: North America Fluorocarbon (million tons)
5.8.1 Hydrofluoric Acid market: North America Metal treatment (US$ billion)
5.8.2 Hydrofluoric Acid market: North America Metal treatment (million tons)
5.9.1 Hydrofluoric Acid market: North America Glass processing (US$ billion)
5.9.2 Hydrofluoric Acid market: North America Glass processing (million tons)
5.10.1 Hydrofluoric Acid market: North America Petroleum alkylation catalysis (US$ billion)
5.10.2 Hydrofluoric Acid market: North America Petroleum alkylation catalysis (million tons)
5.11.1 Hydrofluoric Acid market: North America Uranium fuel production (US$ billion)
5.11.2 Hydrofluoric Acid market: North America Uranium fuel production (million tons)
5.12.1 Hydrofluoric Acid market: North America others (US$ billion)
5.12.2 Hydrofluoric Acid market: North America others (million tons)
5.13.1 Hydrofluoric Acid market: Europe Fluorocarbon (US$ billion)
5.13.2 Hydrofluoric Acid market: Europe Fluorocarbon (million tons)
5.14.1 Hydrofluoric Acid market: Europe Metal treatment (US$ billion)
5.14.2 Hydrofluoric Acid market: Europe Metal treatment (million tons)
5.15.1 Hydrofluoric Acid market: Europe Glass processing (US$ billion)
5.15.2 Hydrofluoric Acid market: Europe Glass processing (million tons)
5.16.1 Hydrofluoric Acid market: Europe Petroleum alkylation catalysis (US$ billion)
5.16.2 Hydrofluoric Acid market: Europe Petroleum alkylation catalysis (million tons)
5.17.1 Hydrofluoric Acid market: Europe uranium fuel production (US$ billion)
5.17.2 Hydrofluoric Acid market: Europe uranium fuel production (million tons)
5.18.1 Hydrofluoric Acid market: Europe others (US$ billion)
5.18.2 Hydrofluoric Acid market: Europe others (million tons)
5.19.1 Hydrofluoric Acid market: South America Fluorocarbon (US$ billion)
5.19.2 Hydrofluoric Acid market: South America Fluorocarbon (million tons)
5.20.1 Hydrofluoric Acid market: South America Metal treatment (US$ billion)
5.20.2 Hydrofluoric Acid market: South America Metal treatment (million tons)
5.21.1 Hydrofluoric Acid market: South America Glass processing (US$ billion)
5.21.2 Hydrofluoric Acid market: South America Glass processing (million tons)
5.22.1 Hydrofluoric Acid market: South America Petroleum alkylation catalysis (US$ billion)
5.22.2 Hydrofluoric Acid market: South America Petroleum alkylation catalysis (million tons)
5.23.1 Hydrofluoric Acid market: South America Uranium fuel production (US$ billion)
5.23.2 Hydrofluoric Acid market: South America Uranium fuel production (million tons)
5.24.1 Hydrofluoric Acid market: South America others (US$ billion)
5.24.2 Hydrofluoric Acid market: South America others (million tons)
5.25.1 Hydrofluoric Acid market: Middle East and Africa Fluorocarbon (US$ billion)
5.25.2 Hydrofluoric Acid market: Middle East and Africa Fluorocarbon (million tons)
5.26.1 Hydrofluoric Acid market: Middle East and Africa Metal treatment (US$ billion)
5.26.2 Hydrofluoric Acid market: Middle East and Africa Metal treatment (million tons)
5.27.1 Hydrofluoric Acid market: Middle East and Africa Glass processing (US$ billion)
5.27.2 Hydrofluoric Acid market: Middle East and Africa Glass processing (million tons)
5.28.1 Hydrofluoric Acid market: Middle East and Africa Petroleum alkylation catalysis (US$ billion)
5.28.2 Hydrofluoric Acid market: Middle East and Africa Petroleum alkylation catalysis (million tons)
5.29.1 Hydrofluoric Acid market: Middle East and Africa Uranium fuel production (US$ billion)
5.29.2 Hydrofluoric Acid market: Middle East and Africa Uranium fuel production (million tons)
5.30.1 Hydrofluoric Acid market: Middle East and Africa others (US$ billion)
5.30.2 Hydrofluoric Acid market: Middle East and Africa others (million tons)
Chapter-6: Markets Analysis by Type
6.1 Hydrofluoric Acid regional market application composition
6.1.1 Hydrofluoric Acid market: APAC Anhydrous Hydrofluoric Acid (US$ billion)
6.1.2 Hydrofluoric Acid market: APAC Anhydrous Hydrofluoric Acid (million tons)
6.2.1 Hydrofluoric Acid market: APAC Diluted Hydrofluoric Acid(US$ billion)
6.2.2 Hydrofluoric Acid market: APAC Diluted Hydrofluoric Acid(million tons)
6.3.1 Hydrofluoric Acid market: North America Anhydrous Hydrofluoric Acid (US$ billion)
6.3.2 Hydrofluoric Acid market: North America Anhydrous Hydrofluoric Acid (million tons)
6.4.1 Hydrofluoric Acid market: North America Diluted Hydrofluoric Acid(US$ billion)
6.4.2 Hydrofluoric Acid market: North America Diluted Hydrofluoric Acid(million tons)
6.5.1 Hydrofluoric Acid market: Europe Anhydrous Hydrofluoric Acid (US$ billion)
6.5.2 Hydrofluoric Acid market: Europe Anhydrous Hydrofluoric Acid (million tons)
6.6.1 Hydrofluoric Acid market: Europe Diluted Hydrofluoric Acid(US$ billion)
6.6.2 Hydrofluoric Acid market: Europe Diluted Hydrofluoric Acid (million tons)
6.7.1 Hydrofluoric Acid market: South America Anhydrous Hydrofluoric Acid (US$ billion)
6.7.2 Hydrofluoric Acid market: South America Anhydrous Hydrofluoric Acid (million tons)
6.8.1 Hydrofluoric Acid market: South America Diluted Hydrofluoric Acid(US$ billion)
6.8.2 Hydrofluoric Acid market: South America Diluted Hydrofluoric Acid(million tons)
6.9.1 Hydrofluoric Acid market: South America Anhydrous Hydrofluoric Acid (US$ billion)
6.9.2 Hydrofluoric Acid market: South America Anhydrous Hydrofluoric Acid (million tons)
6.10.1 Hydrofluoric Acid market: South America Diluted Hydrofluoric Acid (US$ billion)
6.10.2 Hydrofluoric Acid market: South America Diluted Hydrofluoric Acid (million tons)
Chapter-7: Key Markets Analysis
7.1 Hydrofluoric Acid key market size composition
7.1.1 Market overview, 2018-2029 (US$ billion)
7.1.2 Market overview, 2018-2029 (million tons)
7.2.1 Hydrofluoric Acid market: US, North America (US$ billion)
7.2.2 Hydrofluoric Acid market: US, North America (million tons)
7.3.1 Hydrofluoric Acid market: Canada, North America (US$ billion)
7.3.2 Hydrofluoric Acid market: Canada, North America (million tons)
7.4.1 Hydrofluoric Acid market: Mexico, North America (US$ billion)
7.4.2 Hydrofluoric Acid market: Mexico, North America (million tons)
7.5.1 Hydrofluoric Acid market: Germany, Europe (US$ billion)
7.5.2 Hydrofluoric Acid market: Germany, Europe (million tons)
7.6.1 Hydrofluoric Acid market: Italy, Europe (US$ billion)
7.6.2 Hydrofluoric Acid market: Italy, Europe (million tons)
7.7.1 Hydrofluoric Acid market: France, Europe (US$ billion)
7.7.2 Hydrofluoric Acid market: France, Europe (million tons)
7.8.1 Hydrofluoric Acid market: China, Asia Pacific (US$ billion)
7.8.2 Hydrofluoric Acid market: China, Asia Pacific (million tons)
7.9.1 Hydrofluoric Acid market: India, Asia Pacific (US$ billion)
7.9.2 Hydrofluoric Acid market: India, Asia Pacific (million tons)
7.10.1 Hydrofluoric Acid market: Japan, Asia Pacific (US$ billion)
7.10.2 Hydrofluoric Acid market: Japan, Asia Pacific (million tons)
7.11.1 Hydrofluoric Acid market: Brazil, South America (US$ billion)
7.11.2 Hydrofluoric Acid market: Brazil, South America (million tons)
7.12.1 Hydrofluoric Acid market: Argentina, South America (US$ billion)
7.12.2 Hydrofluoric Acid market: Argentina, South America (million tons)
7.13.1 Hydrofluoric Acid market: Colombia, South America (US$ billion)
7.13.2 Hydrofluoric Acid market: Colombia, South America (million tons)
7.14.1 Hydrofluoric Acid market: South Africa, Middle East and Africa (US$ billion)
7.14.2 Hydrofluoric Acid market: South Africa, Middle East and Africa (million tons)
7.15.1 Hydrofluoric Acid market: UAE, Middle East and Africa (US$ billion)
7.15.2 Hydrofluoric Acid market: UAE, Middle East and Africa (million tons)
7.16.1 Hydrofluoric Acid market: Saudi Arabia, Middle East and Africa (US$ billion)
7.16.2 Hydrofluoric Acid market: Saudi Arabia, Middle East and Africa (million tons)
Chapter 8: Company Profiles
8.1: Daikin Industries Ltd
8.2: Solvay S.A.
8.3: Dongyue Group
8.4: Honeywell International Inc
8.5: Yingpeng Chemical Co Ltd
8.6: Lanxess AG
8.7: Fluorchemie Gruppe
8.8: Sinochem Group
Appendix
§Glossary of terms
§Disclaimer
§About AgileIntel Research
List of Tables
Table 1: By value: Hydrofluoric Acid market by application during 2018-2029 in US$ billion
Table 2: By volume: Hydrofluoric Acid market by segment during 2018-2029 in million tons
Table 3: By value: Hydrofluoric Acid Market by region during 2018-2029 in US$ billion
Table 4: By volume: Hydrofluoric Acid Market by region during 2018-2029 in
million tons
Table 5: By Value: key Hydrofluoric Acid markets in US$ billion
Table 6: By Volume: key Hydrofluoric Acid markets in million tons
List of Figures
Figure 1: By value: Hydrofluoric Acid market segment share during 2018-2029 in %
Figure 2: By volume: Hydrofluoric Acid market segment share during 2018-2029 in %
Figure 3: By value: Share of Fluorocarbon in Phenol market during 2018-2029 in %
Figure 4: By value: Fluorocarbon in Phenol market during 2018-2029 in US$ billion
Figure 5: By volume: Share of Fluorocarbon market during 2018-2029 in %
Figure 6: By volume: Fluorocarbon market during 2018-2029 in million tons
Figure 7: By value: Share of Metal treatment market during 2018-2029 in %
Figure 8: By value: Metal treatment market during 2018-2029 in US$ billion
Figure 9: By volume: Share of Metal treatment market during 2018-2029 in %
Figure 10: By volume: Metal treatment market during 2018-2029
in million tons
Figure 11: By value: Share of Glass processing market during 2018-2029 in %
Figure 12: By value: Glass processing market during 2018-2029 in US$ billion
Figure 13: By volume: Share of Glass processing market during 2018-2029 in %
Figure 14: By volume: Glass processing market during 2018-2029 in million tons
Figure 15: By value: Share of Petroleum alkylation catalysis market during 2018-2029 in %
Figure 16: By value: Petroleum alkylation catalysis market during 2018-2029 in US$ billion
Figure 17: By volume: Share of Petroleum alkylation catalysis market during 2018-2029 in %
Figure 18: By volume: Petroleum alkylation catalysis market during 2018-2029 in million tons
Figure 19: By value: Share of Uranium fuel production market during 2018-2029 in %
Figure 20: By value: Uranium fuel production market during 2018-2029 in US$ billion
Figure 21: By volume: Share of Uranium fuel production market during 2018-2029
in %
Figure 22: By volume: Uranium fuel production market during 2018-2029
in million tons
Figure 23: By value: Others market during 2018-2029 in US$ billion
Figure 24: By value: Share of Others market during 2018-2029 in %
Figure 25: By volume: Others market during 2018-2029 in million tons
Figure 26: By volume: Others market during 2018-2029 in million tons
Figure 27: By Value: key Phenol regional markets in US$ billion
Figure 28: By Volume: key Phenol regional markets in million tons
Figure 29: By value: Phenol market region share during 2018-2029 in %
Figure 30: By volume: Phenol market region share during 2018-2029 in %
Figure 31: By value: Share of Asia Pacific market during 2018-2029 in %
Figure 32: By value: Asia Pacific market during 2018-2029 in US$ billion
Figure 33: By volume: Share of Asia Pacific market during 2018-2029 in %
Figure 34: By volume: APAC market during 2018-2029 in million tons
Figure 35: By value: Share of North America market during 2018-2029 in %
Figure 36: By value: North America market during 2018-2029 in US$ billion
Figure 37: By volume: Share of North America market during 2018-2029 in %
Figure 38: By volume: North America market during 2018-2029 in million tons
Figure 39: By value: Share of Europe market during 2018-2029 in
Figure 40: By value: Europe market during 2018-2029 in US$ billion
Figure 41: By volume: Share of Europe market during 2018-2029 in %
Figure 42: By volume: Europe market during 2018-2029 in million tons
Figure 43: By value: Share of South America market during 2018-2029 in %
Figure 44: By value: South America market during 2018-2029 in US$ billion
Figure 45: By volume: Share of South America market during 2018-2029 in %
Figure 46: By volume: South America market during 2018-2029 in million tons
Figure 47: By value: Share of Middle East and Africa market during 2018-2029 in %
Figure 48: By value: Middle East and Africa market during 2018-2029 in US$ billion
Figure 49: By volume: Share of Middle East and Africa market during
2018-2029 in %
Figure 50: By volume: Middle East and Africa market during 2018-2029
in million tons
Figure 51: By value: Share of APAC Fluorocarbon market during 2018-2029 in %
Figure 52: By value: APAC Fluorocarbon market during 2018-2029 in US$ billion
Figure 53: By volume: Share of APAC Fluorocarbon market during 2018-2029 in %
Figure 54: By volume: APAC Fluorocarbon market during 2018-2029 in million tons
Figure 55: By value: Share of APAC Metal treatment market during
2018-2029 in %
Figure 56: By value: APAC Metal treatment market during 2018-2029 in US$ billion
Figure 57: By volume: Share of APAC Phenolic resins market during
2018-2029 in %
Figure 58: By volume: APAC Phenolic resins market during 2018-2029
in million tons
Figure 59: By value: Share of APAC Glass processing market during 2018-2029 in %
Figure 60: By value: APAC Glass processing market during 2018-2029 in US$ billion
Figure 61: By volume: Share of APAC Glass processing market during 2018-2029 in %
Figure 62: By volume: APAC Glass processing market during 2018-2029 in million tons
Figure 63: By value: Share of APAC Petroleum alkylation catalysis market during 2018-2029 in %
Figure 64: By value: APAC Petroleum alkylation catalysis market during 2018-2029 in US$ billion
Figure 65: By volume: Share of APAC Petroleum alkylation catalysis market during 2018-2029 in %
Figure 66: By volume: APAC Petroleum alkylation catalysis market during 2018-2029 in million tons
Figure 67: By value: Share of APAC Uranium fuel production market during
2018-2029 in %
Figure 68: By value: APAC Uranium fuel production market during 2018-2029
in US$ billion
Figure 69: By volume: Share of APAC Uranium fuel production market during
2018-2029 in %
Figure 70: By volume: APAC Uranium fuel production market during 2018-2029
in million tons
Figure 71: By value: Share of APAC others market during 2018-2029 in %
Figure 72: By value: APAC others market during 2018-2029 in US$ billion
Figure 73: By volume: Share of APAC others market during 2018-2029 in %
Figure 74: By volume: APAC others market during 2018-2029 in million tons
Figure 75: By value: Share of North America Fluorocarbon market during
2018-2029 in %
Figure 76: By value: North America Fluorocarbon market during 2018-2029
in US$ billion
Figure 77: By volume: Share of North America Fluorocarbon market during
2018-2029 in %
Figure 78: By volume: North America Fluorocarbon market during 2018-2029 in
million tons
Figure 79: By value: Share of North America Metal treatment
market during 2018-2029 in %
Figure 80: By value: North America Metal treatment market during
2018-2029 in US$ billion
Figure 81: By volume: Share of North America Metal treatment
market during 2018-2029 in %
Figure 82: By volume: North America Metal treatment market
during 2018-2029 in million tons
Figure 83: By value: Share of North America Glass processing market
during 2018-2029 in %
Figure 84: By value: North America Glass processing market during 2018-2029
in US$ billion
Figure 85: By volume: Share of North America Glass processing market during
2018-2029 in %
Figure 86: By volume: North America Glass processing market during 2018-2029
in million tons
Figure 87: By value: Share of North America Petroleum alkylation catalysis market during
2018-2029 in %
Figure 88: By value: North America Petroleum alkylation catalysis market during 2018-2029
in US$ billion
Figure 89: By volume: Share of North America Petroleum alkylation catalysis market during
2018-2029 in %
Figure 90: By volume: North America Petroleum alkylation catalysis market during 2018-2029
in million tons
Figure 91: By value: North America Uranium fuel production market during
2018-2029 in %
Figure 92: By value: North America Uranium fuel production market during
2018-2029 in US$ billion
Figure 93: By volume: Share of North America Uranium fuel production
market during 2018-2029 in %
Figure 94: By volume: North America Uranium fuel production market during
2018-2029 in million tons
Figure 95: By value: North America others market during 2018-2029 in %
Figure 96: By value: North America others market during 2018-2029
in US$ billion
Figure 97: By volume: Share of North America others market during
2018-2029 in %
Figure 98: By volume: North America others market during 2018-2029
in million tons
Figure 99: By value: Share of Europe Fluorocarbon market during 2018-2029 in %
Figure 100: By value: Europe Fluorocarbon market during 2018-2029 in US$ billion
Figure 101: By volume: Share of Europe Fluorocarbon market during 2018-2029 in %
Figure 102: By volume: Europe Fluorocarbon market during 2018-2029 in million tons
Figure 103: By value: Share of Europe Metal treatment market during
2018-2029 in %
Figure 104: By value: Europe Metal treatment market during 2018-2029
in US$ billion
Figure 105: By volume: Share of Europe Metal treatment market
during 2018-2029 in %
Figure 106: By volume: Europe Metal treatment market during
2018-2029 in million tons
Figure 107: By value: Share of Europe Glass processing market during
2018-2029 in %
Figure 108: By value: Europe Glass processing market during 2018-2029
in US$ billion
Figure 109: By volume: Share of Europe Glass processing solvent market during
2018-2029 in %
Figure 110: By volume: Europe Glass processing market during 2018-2029
in million tons
Figure 111: By value: Share of Europe Petroleum alkylation catalysis market during
2018-2029 in %
Figure 112: By value: Europe Petroleum alkylation catalysis market during 2018-2029
in US$ billion
Figure 113: By volume: Share of Europe Petroleum alkylation catalysis market during
2018-2029 in %
Figure 114: By volume: Europe Petroleum alkylation catalysis market during 2018-2029
in million tons
Figure 115: By value: Share of Europe Uranium fuel production market
during 2018-2029 in %
Figure 116: By value: Europe Uranium fuel production market during 2018-2029
in US$ billion
Figure 117: By volume: Share of Europe Uranium fuel production market
during 2018-2029 in %
Figure 118: By volume: Europe Uranium fuel production market during
2018-2029 in million tons
Figure 119: By value: Share of Europe others market during 2018-2029 in %
Figure 120: By value: Europe others market during 2018-2029 in US$ billion
Figure 121: By volume: Share of Europe others market during 2018-2029 in %
Figure 122: By volume: Europe others market during 2018-2029 in million tons
Figure 123: By value: Share of South America Fluorocarbon market during
2018-2029 in %
Figure 124: By value: South America Fluorocarbon market during 2018-2029
in US$ billion
Figure 125: By volume: Share of South America Fluorocarbon market during
2018-2029 in %
Figure 126: By volume: South America Fluorocarbon market during 2018-2029
in million tons
Figure 127: By value: Share of South America metal treatment market during 2018-2029 in %
Figure 128: By value: South America metal treatment market
during 2018-2029 in US$ billion
Figure 129: By volume: Share of South America metal treatment market during 2018-2029 in %
Figure 130: By volume: South America metal treatment market
during 2018-2029 in million tons
Figure 131: By value: Share of South America Glass processing market
during 2018-2029 in %
Figure 132: By value: Share of South America Glass processing market
during 2018-2029 in million tons
Figure 133: By volume: Share of South America Glass processing market
during 2018-2029 in %
Figure 134: By volume: South America Glass processing market during
2018-2029 in million tons
Figure 135: By value: Share of South America Petroleum alkylation catalysis market
during 2018-2029 in %
Figure 136: By value: South America Petroleum alkylation catalysis market during 2018-2029
in US$ billion
Figure 137: By volume: Share of South America Petroleum alkylation catalysis market
during 2018-2029 in %
Figure 138: By volume: South America Petroleum alkylation catalysis market during
2018-2029 in million tons
Figure 139: By value: Share of South America Uranium fuel production
market during 2018-2029 in %
Figure 140: By value: South America Uranium fuel production market during
2018-2029 in US$ billion
Figure 141: By volume: Share of South America Uranium fuel production
market during 2018-2029 in %
Figure 142: By volume: South America Uranium fuel production market
during 2018-2029 in million tons
Figure 143: By value: Share of South America others market during
2018-2029 in %
Figure 144: By value: South America others market during 2018-2029
in US$ billion
Figure 145: By volume: Share of South America others market during 2018-2029
in %
Figure 146: By volume: South America others market during 2018-2029
in million tons
Figure 147: By value: Share of Middle East and Africa Fluorocarbon market during
2018-2029 in %
Figure 148: By value: Middle East and Africa Fluorocarbon market during 2018-2029
in US$ billion
Figure 149: By volume: Share of Middle East and Africa Fluorocarbon market during
2018-2029 in %
Figure 150: By volume: Middle East and Africa Fluorocarbon market during
2018-2029 in million tons
Figure 151: By value: Share of Middle East and Africa Metal treatment
market during 2018-2029 in %
Figure 152: By value: Middle East and Africa Metal treatment market
during 2018-2029 in US$ billion
Figure 153: By volume: Share of Middle East and Africa Metal treatment
market during 2018-2029 in %
Figure 154: By volume: Middle East and Africa Metal treatment market
during 2018-2029 in million tons
Figure 155: By value: Share of Middle East and Africa Glass processing market
during 2018-2029 in %
Figure 156: By value: Middle East and Africa Glass processing market during
2018-2029 in million tons
Figure 157: By volume: Share of Middle East and Africa Glass processing
market during 2018-2029 in %
Figure 158: By volume: Middle East and Africa Glass processing market during
2018-2029 in million tons
Figure 159: By value: Share of Middle East and Africa Petroleum alkylation catalysis market
during 2018-2029 in %
Figure 160: By value: Middle East and Africa Petroleum alkylation catalysis market during
2018-2029 in US$ billion
Figure 161: By volume: Share of Middle East and Africa Petroleum alkylation catalysis
market during 2018-2029 in %
Figure 162: By volume: Middle East and Africa Petroleum alkylation catalysis market during
2018-2029 in million tons
Figure 163: By value: Share of Middle East and Africa Uranium fuel production
market during 2018-2029 in %
Figure 164: By value: Middle East and Africa Uranium fuel production market
during 2018-2029 in US$ billion
Figure 165: By volume: Share of Middle East and Africa Uranium fuel production
market during 2018-2029 in %
Figure 166: By volume: Middle East and Africa Uranium fuel production market
during 2018-2029 in million tons
Figure 167: By value: Share of Middle East and Africa others market during
2018-2029 in %
Figure 168: By value: Middle East and Africa others market during 2018-2029
in US$ billion
Figure 169: By volume: Share of Middle East and Africa others market during
2018-2029 in %
Figure 170: By volume: Middle East and Africa others market during
2018-2029 in million tons
Figure 171: By value: Share of APAC Anhydrous Hydrofluoric Acid market during 2018-2029 in %
Figure 172: By value: APAC Anhydrous Hydrofluoric Acid market during 2018-2029 in US$ billion
Figure 173: By volume: Share of APAC Anhydrous Hydrofluoric Acid market during 2018-2029 in %
Figure 174: By volume: APAC Anhydrous Hydrofluoric Acid market during 2018-2029 in million tons
Figure 175: By value: Share of APAC Diluted Hydrofluoric Acid market during
2018-2029 in %
Figure 176: By value: APAC Diluted Hydrofluoric Acid market during 2018-2029 in US$ billion
Figure 177: By volume: Share of APAC Diluted Hydrofluoric Acid market during
2018-2029 in %
Figure 178: By volume: APAC Diluted Hydrofluoric Acid market during 2018-2029
in million tons
Figure 179: By value: Share of North America Anhydrous Hydrofluoric Acid market during 2018-2029 in %
Figure 184: By value: North America Anhydrous Hydrofluoric Acid market during 2018-2029 in US$ billion
Figure 185: By volume: Share of North America Anhydrous Hydrofluoric Acid market during 2018-2029 in %
Figure 186: By volume: North America Anhydrous Hydrofluoric Acid market during 2018-2029 in million tons
Figure 187: By value: Share of North America Diluted Hydrofluoric Acid market during
2018-2029 in %
Figure 188: By value: North America Diluted Hydrofluoric Acid market during 2018-2029 in US$ billion
Figure 189: By volume: Share of North America Diluted Hydrofluoric Acid market during
2018-2029 in %
Figure 190: By volume: North America Diluted Hydrofluoric Acid market during 2018-2029
in million tons
Figure 195: By volume: Share of Europe Anhydrous Hydrofluoric Acid market during 2018-2029 in %
Figure 196: By volume: Europe Anhydrous Hydrofluoric Acid market during 2018-2029 in million tons
Figure 197: By value: Share of Europe Anhydrous Hydrofluoric Acid market during 2018-2029 in %
Figure 198: By value: Europe Anhydrous Hydrofluoric Acid market during 2018-2029 in million tons
Figure 199: By value: Share of Europe Diluted Hydrofluoric Acid market during
2018-2029 in %
Figure 200: By value: Europe Diluted Hydrofluoric Acid market during 2018-2029 in US$ billion
Figure 201: By volume: Share of Europe Diluted Hydrofluoric Acid market during
2018-2029 in %
Figure 202: By volume: Europe Diluted Hydrofluoric Acid market during 2018-2029
in million tons
Figure 207: By value: Share of South America Anhydrous Hydrofluoric Acid market during 2018-2029 in %
Figure 208: By value: South America Anhydrous Hydrofluoric Acid market during 2018-2029 in US$ billion
Figure 209: By volume: Share of South America Anhydrous Hydrofluoric Acid market during 2018-2029 in %
Figure 210: By volume: South America Anhydrous Hydrofluoric Acid market during 2018-2029 in million tons
Figure 211: By value: Share of South America Diluted Hydrofluoric Acid market during
2018-2029 in %
Figure 212: By value: South America Diluted Hydrofluoric Acid market during 2018-2029 in US$ billion
Figure 213: By volume: Share of South America Diluted Hydrofluoric Acid market during
2018-2029 in %
Figure 214: By volume: South America Diluted Hydrofluoric Acid market during 2018-2029
in million tons
Figure 219: By value: Share of Middle East and Africa Anhydrous Hydrofluoric Acid market during 2018-2029 in %
Figure 220: By volume: Middle East and Africa Anhydrous Hydrofluoric Acid market during 2018-2029 in million tons
Figure 221: By volume: Share of Middle East and Africa Anhydrous Hydrofluoric Acid market during 2018-2029 in %
Figure 222: By volume: Middle East and Africa Anhydrous Hydrofluoric Acid market during 2018-2029 in million tons
Figure 223: By value: Share of Middle East and Africa Diluted Hydrofluoric Acid market during
2018-2029 in %
Figure 224: By value: Middle East and Africa Diluted Hydrofluoric Acid market during 2018-2029 in US$ billion
Figure 225: By volume: Share of Middle East and Africa Diluted Hydrofluoric Acid market during
2018-2029 in %
Figure 226: By volume: Middle East and Africa Diluted Hydrofluoric Acid market during 2018-2029
in million tons
Figure 227: By Value: key Phenol regional markets in US$ billion
Figure 228: By Value: key Phenol regional markets in million tons
Figure 229: By value: Share of US market during 2018-2029 in %
Figure 230: By value: US market during 2018-2029 in US$ billion
Figure 231: By volume: Share of US market during 2018-2029 in %
Figure 232: By volume: US market during 2018-2029 in million tons
Figure 233: By value: Share of Canada market during 2018-2029 in %
Figure 234: By value: Canada market during 2018-2029 in US$ billion
Figure 235: By volume: Share of Canada market during 2018-2029 in %
Figure 236: By volume: Canada market during 2018-2029 in million tons
Figure 237: By value: Share of Mexico market during 2018-2029 in %
Figure 238: By value: Mexico market during 2018-2029 in US$ billion
Figure 239: By volume: Share of Mexico market during 2018-2029 in %
Figure 240: By volume: Mexico market during 2018-2029 in million tons
Figure 241: By value: Share of Germany market during 2018-2029 in %
Figure 242: By value: Germany market during 2018-2029 in US$ billion
Figure 243: By volume: Share of Germany market during 2018-2029 in %
Figure 244: By volume: Germany market during 2018-2029 in million tons
Figure 245: By value: Share of Italy market during 2018-2029 in %
Figure 246: By value: Italy market during 2018-2029 in US$ billion
Figure 247: By volume: Share of Italy market during 2018-2029 in %
Figure 248: By volume: Italy market during 2018-2029 in million tons
Figure 249: By value: Share of France market during 2018-2029 in %
Figure 250: By value: France market during 2018-2029 in US$ billion
Figure 251: By volume: Share of France market during 2018-2029 in %
Figure 252: By volume: France market during 2018-2029 in million tons
Figure 253: By value: Share of China market during 2018-2029 in %
Figure 254: By value: China market during 2018-2029 in US$ billion
Figure 255: By volume: Share of China market during 2018-2029 in %
Figure 256: By volume: China market during 2018-2029 in million tons
Figure 257: By value: Share of India market during 2018-2029 in %
Figure 258: By value: India market during 2018-2029 in US$ billion
Figure 259: By volume: Share of India market during 2018-2029 in %
Figure 260: By volume: India market during 2018-2029 in million tons
Figure 261: By value: Share of Japan market during 2018-2029 in %
Figure 262: By value: Japan market during 2018-2029 in US$ billion
Figure 263: By volume: Share of Japan market during 2018-2029 in %
Figure 264: By volume: Japan market during 2018-2029 in million tons
Figure 265: By value: Share of Brazil market during 2018-2029 in %
Figure 266: By value: Brazil market during 2018-2029 in US$ billion
Figure 267: By volume: Share of Brazil market during 2018-2029 in %
Figure 268: By volume: Brazil market during 2018-2029 in million tons
Figure 269: By value: Share of Argentina market during 2018-2029 in %
Figure 270: By value: Argentina market during 2018-2029 in US$ billion
Figure 271: By volume: Share of Argentina market during 2018-2029 in %
Figure 272: By volume: Argentina market during 2018-2029 in million tons
Figure 273: By value: Share of Colombia market during 2018-2029 in %
Figure 274: By value: Colombia market during 2018-2029 in US$ billion
Figure 275: By volume: Share of Colombia market during 2018-2029 in %
Figure 276: By volume: Colombia market during 2018-2029 in million tons
Figure 277: By value: Share of South Africa market during 2018-2029 in %
Figure 278: By value: South Africa market during 2018-2029 in US$ billion
Figure 279: By volume: Share of South Africa market during 2018-2029 in %
Figure 280: By volume: South Africa market during 2018-2029 in million tons
Figure 281: By value: Share of UAE market during 2018-2029 in %
Figure 282: By value: UAE market during 2018-2029 in US$ billion
Figure 283: By volume: Share of UAE market during 2018-2029 in %
Figure 284: By volume: UAE market during 2018-2029 in million tons
Figure 285: By value: Share of Saudi Arabia market during 2018-2029 in %
Figure 286: By value: Saudi Arabia market during 2018-2029 in US$ billion
Figure 287: By volume: Share of Saudi Arabia market during 2018-2029 in %
Figure 288: By volume: Saudi Arabia market during 2018-2029 in million tons
Figure 289: Daikin Industries Ltd
Figure 290: Solvay S.A.
Figure 291: Dongyue Group
Figure 292: Honeywell International Inc
Figure 293: Yingpeng Chemical Co Ltd
Figure 294: Lanxess AG
Figure 295: Fluorchemie Gruppe
Figure 296: Sinochem Group
Research Methodology
This report uses a comprehensive and iterative research methodology including bottom-up and top-down approaches, to minimize deviance and consequently provide accurate market estimates and forecasts. Additionally, we make use of market breakdown and data triangulation procedures to validate our findings.
Secondary Research
We strictly make use of authentic and credible secondary sources such as company filings, white papers published by reputable authorities and institutions, journals, articles published by industry experts and other gold and silver standard databases such as Bloomberg, Dunn & Bradstreet, Standard & Poor’s and Thomson Reuters, among others.
Primary Research
Our findings from secondary sources are then validated by exhaustive primary interviews either through online surveys or on the phone. Importantly, we conduct these interviews all across the world, either internally or through channel partners in various locations, to get critical local insights as well.
 |
| Report Parameters | Details |
|---|---|
| Time Period Considered | 2018-2029 |
| Historical Period | 2018-2021 |
| Forecast Period | 2022-2029 |
| Units considered | Volume in kilotons, revenue in US$ million/billion |
| Report Coverage | Value/Revenue forecast, competitive landscape, drivers, challenges, opportunities, and trends |
| COVID-19 | Impact of the COVID-19 pandemic has been factored in the revenue estimations, trends, and drivers |
| Segments | By End-use By Type By Region |
| Regions included in the study | Asia Pacific (APAC), North America, Europe, Middle East and Africa, South America |
| Companies Profiled | Daikin Industries Ltd, Solvay S.A., Dongyue Group, Honeywell International Inc, Yingpeng Chemical Co. Ltd, Lanxess AG, Fluorchemie Gruppe, Arkema, SRF Limited, and Sinochem Group |
The global Hydrofluoric Acid market size was estimated at US$4.4 billion in 2021 and is expected to reach US$4.6 billion in 2022.
The global Hydrofluoric Acid market is expected to grow at a compound annual growth rate of 3.7% from 2022 to 2029 to reach US$5.9 billion by 2029.
In 2021, the APAC region led the Hydrofluoric Acid market in 2021 with a share of 61.2%.
The fluorocarbon application led the Hydrofluoric Acid market with a share of 58% in 2021.
Some key players operating in the Hydrofluoric Acid market include Daikin Industries Ltd, Solvay S.A., Dongyue Group, Honeywell International Inc, Yingpeng Chemical Co. Ltd, Lanxess AG, Fluorchemie Gruppe, Arkema, SRF Limited, and Sinochem Group.
Key factors that are driving the Hydrofluoric Acid market growth include growing demand of fluorinated derivatives. Hydrofluoric Acid is also utilized to isolate key metals from their ores and for cleaning of non-ferrous metal based components.