Industrial Hydrofluoric Acid Market Size, Share & Industry Analysis, By Type ( Anhydrous Hydrofluoric Acid, Diluted Hydrofluoric Acid (Above 50% Concentration), Diluted Hydrofluoric Acid (Below 50% Concentration)), By Application (Fluorocarbon Production, Fluorinated Derivative Production, Metal Pickling, Glass Etching and Cleaning, Oil Refining, Uranium Fuel Production, Others) and regional Forecast, 2024-2032

Region :Global | Report ID: FBI103693 | Status : Ongoing

KEY INDUSTRY INSIGHTS

Industrial hydrofluoric acid is a colorless inorganic acid, with a sharp pungent odor. It is produced from the reaction of hydrogen fluoride with water. The hydrofluoric acid is widely used for the production of fluorine compounds which includes fluorocarbons, fluorides, and fluoropolymers. Furthermore, in laboratories and industries, hydrofluoric acid is utilized in the etching glass, enamel, removing rust & stains, and cleaning brass & crystal. The industrial hydrofluoric acid finds its application in the fluorocarbon production, metal pickling, uranium fuel production, fluorinated derivative production, and oil refining.

The industrial hydrofluoric acid is utilized as a base material or intermediate to form the number of fluorochemicals. As a raw material, it is utilized as a fluorine source for the manufacturing of fluorocarbons, which includes hydro fluoro olefins, hydro fluorocarbons, and hydro chlorofluorocarbons. These fluorocarbons are widely used in the air conditioning and refrigeration equipment. Additionally, owing to the strong corrosive qualities of hydrofluoric acid, it is also utilized in the commercial automotive cleaners, to remove rust, stain, and water-spot. Hence, these positive factors will fuel the market growth of industrial hydrofluoric acid during the forecast timeline.

However, hydrofluoric acid is a highly toxic and corrosive substance. The direct contact or inhalation of hydrofluoric acid can cause severe health impact. This further reduces the adoption of industrial hydrofluoric acid and anticipated to restrict market growth.

Key Market Driver -

The rising demand for industrial hydrofluoric acid in the fluorochemicals production to drive the market growth

Key Market Restraint -

Severe Health impact of hydrofluoric acid to restrict the market growth

Market Segmentation:

Based on type, the industrial hydrofluoric acid market is segmented into anhydrous hydrofluoric acid, diluted hydrofluoric acid (above 50% concentration), and diluted hydrofluoric acid (below 50% concentration). Based on application, the market is segmented into fluorocarbon production, fluorinated derivative production, metal pickling, glass etching and cleaning, oil refining, uranium fuel production, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Key Players Covered:

The key players in the Industrial Hydrofluoric Acid market includes Guichon Valves, Solvay, asecos GmbH, Zhejiang Kaisn Fluorochemical Co., Ltd., Verder Liquids BV, American Chemistry Council Inc., Columbus Chemicals, Grainger, Inc., Honeywell International Inc., and LANXESS.

Key Insights

Key Emerging Trends – For Major Countries

Key Developments: Mergers, Acquisition, Partnership, etc.

Latest Technological Advancement

Insights on Regulatory Scenarios

Porters Five Forces Analysis

Regional Analysis:

Asia Pacific is anticipated to witness sustainable growth in the industrial hydrofluoric acid market during the forecast timeline. The growth is attributed to the rising demand for hydrofluoric acid for the production of fluorocarbons and fluorides. The rising demand for anhydrous hydrofluoric in the glass etching and cleaning will surge the market growth. The rising product demand in the oil refining and metal pickling will fuel the market growth in Europe. The growth in North America is attributed to the adoption of hydrofluoric acid in fluorinated derivative production. The Middle East & Africa is anticipated to witness signification growth, owing to the increasing product demand in uranium fuel production.

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Segmentation

ATTRIBUTE	DETAILS
By Type	Anhydrous Hydrofluoric Acid Diluted Hydrofluoric Acid (Above 50% Concentration) Diluted Hydrofluoric Acid (Below 50% Concentration)
By Application	Fluorocarbon Production Fluorinated Derivative Production Metal Pickling Glass Etching and Cleaning Oil Refining Uranium Fuel Production Others
By Geography	North America (U.S. and Canada) Europe (UK, Germany, France, Italy, Spain, and Rest of Europe) Asia Pacific (Japan, China, Taiwan, India, South Korea, Southeast Asia, and Rest of Asia Pacific) Latin America (Brazil, Mexico, and Rest of Latin America) Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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Industrial Hydrofluoric Acid market Report

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

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