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Historical Year
Forecast Year
The global industrial hydrofluoric market is estimated to grow in the forecast period of 2024-2032 at a CAGR of 5.1%.
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The Asia Pacific region is expected to hold a significant share of the global industrial hydrofluoric acid market during the forecast period. This is on account of the increasing supply and demand of hydrofluoric acid in various industries coupled with the presence of several fluorocarbon manufacturers and an abundance of raw material. Increasing utilisation in industrial, civil, and national defence production industries are expected to bolster the market growth of industrial hydrofluoric acid across the Asia Pacific region over the coming years.
The Middle East and Africa are expected to grow on account of the surging product demand for uranium fuel production. Also, Saudi Arabia has declared plans to build 16 nuclear power reactors by 2040, which is likely to propel the market growth of industrial hydrofluoric acid across the region.
An inorganic chemical compound, hydrogen fluoride is a chemical compound that contains the reactive chemical element of fluorine. Highly corrosive, and dissolvable in water, it takes the form of a colourless liquid or gas. When the compound is homogeneously mixed in water, it creates hydrofluoric acid. The acid can also be synthesised when compounds such as ammonium fluoride that also contain fluorides, are mixed with water.
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The market for industrial hydrofluoric acid, by type, is divided into:
Based on application, the market is segmented into:
The EMR report looks into the regional markets of industrial hydrofluoric acid like Latin America, North America, Europe, Asia Pacific, and the Middle East and Africa.
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The surging usage of hydrogen fluoride in the production of aluminium, plastics, refrigerants, herbicides, pharmaceuticals, fluorescent light bulbs, electrical components, and high-octane gasoline is driving the market demand. The consumption of hydrogen fluoride for etching glass and metal is bolstering the market growth of industrial hydrofluoric acid across the globe during the forecast period.
In 2018, the chemical safety team at Carnegie Mellon University (CMU)'s Environmental, Health and Safety (EHS) Department established and executed a detailed and thorough safety program for hydrofluoric acid (HF) usage. The aim of this safety initiative was to develop awareness about HF hazards, train operators to safely handle any incident in laboratories, mandate PPE needs, identify response protocols for spills. This initiative and its goal of creating a culture of safety are further expected to bolster the market demand for industrial hydrofluoric acid.
The report presents a detailed analysis of the following key players in the global industrial hydrofluoric Acid market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The comprehensive report looks into the macro and micro aspects of the market. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global industrial hydrofluoric acid market is assessed to grow at a CAGR of 5.1% between 2024 and 2032.
The major market drivers are rapid industrialisation, increasing demand for hydrogen fluoride, and innovative marketing strategies by market players.
The key market trends guiding the growth of the market include the growing adoption of hydrofluoric acid in various industries, technological advancement, and infrastructure development.
The major regions in the market are Asia Pacific, Africa, the Middle East, North America, Europe, and Latin America.
The various types available in the market are anhydrous hydrofluoric acid, diluted hydrofluoric acid (below 50% concentration), and diluted hydrofluoric acid (above 50% concentration).
The different applications are fluorocarbon production, glass etching and cleaning, fluorinated derivative production, metal pickling, oil refining, and uranium fuel production, among others.
The major players in the market are Merck KGaA, Solvay SA, Columbus Chemical Industries (CCI), LANXESS AG, and Honeywell International Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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