PUBLISHER: The Business Research Company | PRODUCT CODE: 1672414
PUBLISHER: The Business Research Company | PRODUCT CODE: 1672414
Hydrofluoric Acid Global Market Report 2025
Hydrogen fluoride presents itself as a colorless, fuming liquid or vapor characterized by a potent and repulsive odor. Typically, it is transported in steel cylinders as a compressed gas. Hydrogen fluoride solutions, when diluted, exhibit visual similarities to water and readily dissolve in water to produce colorless hydrofluoric acid solutions. Hydrofluoric acid finds application in various industries, contributing to the production of refrigerants, herbicides, pharmaceuticals, high-octane gasoline, aluminum, plastics, electrical components, and fluorescent light bulbs.
The primary product categories within hydrofluoric acid are electronic hydrofluoric acid and industrial hydrofluoric acid. Electronic hydrofluoric acid demonstrates reactivity with acids, bases, and oxidants, making it suitable for glass and ceramic etching in electronic devices. In sectors such as semiconductors, microelectronics, and solar cells, electronic-grade hydrofluoric acid is employed for cleaning silicon wafers. When combined with ammonium fluoride, it serves as an ideal buffer in wafer cleaning procedures. Anhydrous and diluted grades of hydrofluoric acid are utilized in various applications, including fluorocarbons, fluorinated derivatives, metal picking, glass etching, and oil refining.
The hydrofluoric acid market research report is one of a series of new reports from The Business Research Company that provides hydrofluoric acid market statistics, including hydrofluoric acid industry global market size, regional shares, competitors with a hydrofluoric acid market share, detailed hydrofluoric acid market segments, market trends and opportunities, and any further data you may need to thrive in the hydrofluoric acid industry. This anomaly detection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The hydrofluoric acid market size has grown strongly in recent years. It will grow from $1.49 billion in 2024 to $1.57 billion in 2025 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, an increasing demand for chemical products, and an increasing usage of aluminum.
The hydrofluoric acid market size is expected to see strong growth in the next few years. It will grow to $2 billion in 2029 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to government support and the growing use of industrial and home cleaners. Major trends in the forecast period include product launches, the introduction of new pump options, innovative developments, and the introduction of new purifying processes.
The hydrofluoric (HF) acid market is poised for growth, propelled by the increasing demand from chemical industries. Hydrofluoric acid plays a crucial role in the production of fluorine-containing polymers and various organ fluorine chemicals, including polytetrafluoroethylene (Teflon), fluorocarbons, and refrigerants such as freon. This demand is reflected in the trade statistics, as reported by the US Bureau of Labor Statistics in July 2023, indicating a 13.4% growth in the trade value of chemical manufacturing products exported from the US in 2022 compared to the previous year. Additionally, the recovery of the US chemical sector in 2021, with a 1.4% production growth, and the anticipated 4.3% growth rate in chemical output in 2022 further underscore the increasing demand for hydrofluoric acid from chemical industries.
The hydrofluoric acid market is also expected to experience growth due to the widespread use of industrial and home cleaners. Hydrofluoric acid is a key ingredient in various over-the-counter products, including toilet bowl cleaners, concrete cleaners, and metal polishes. The projections from Jobber Academy highlight the growing trends in the residential cleaning sector, with an anticipated 80% of families employing house cleaning services by 2024, driving a 20% annual growth. Additionally, the commercial cleaning sector is expected to generate over $468 billion in revenue by 2027. This surge in the use of industrial and home cleansers is anticipated to contribute to the growth of the hydrofluoric acid market.
Major companies in the hydrofluoric acid market are adopting a strategic partnership approach to develop innovative products. These partnerships allow hydrofluoric acid companies to combine resources and expertise, enhance research and development capabilities, expand market reach, and accelerate commercialization, ultimately driving innovation and growth in the industry. For example, in February 2023, Taiwan Semiconductor Manufacturing Company Limited (TSMC), a Taiwan-based semiconductor manufacturer, partnered with suppliers to enhance the sustainability of hydrofluoric acid production by utilizing phosphate fertilizer waste. This initiative aims to reduce reliance on fluorspar and lower carbon emissions, aligning with TSMC's commitment to green innovation and fostering a low-carbon supply chain in semiconductor manufacturing.
Major companies in the hydrofluoric acid market are increasingly prioritizing the development of manufacturing plants that incorporate advanced technologies and sustainable practices to improve production efficiency. For example, in October 2024, Tanfac Industries Ltd., an India-based chemical company, successfully expanded its hydrofluoric acid production capacity from 14,850 to 29,700 metric tons, officially commissioning the upgraded facility on October 7, 2024. This state-of-the-art HF acid plant is designed to meet rising market demand and strengthen the company's position in the specialty chemicals sector.
In March 2022, Anupam Rasayan, an India-based specialty chemicals manufacturer, successfully acquired Tanfac Industries Ltd. (TIL) for an undisclosed amount. This acquisition positions Anupam Rasayan to significantly enhance the value of its portfolio and expand its capabilities in fluorination chemicals. Tanfac Industries Ltd., a specialized fluoride chemicals company based in India, focuses on the manufacturing of hydrofluoric acid, contributing to Anupam Rasayan's growth in the hydrofluoric acid market.
Major companies operating in the hydrofluoric acid market include Stella Chemifa Corp, Solvay SA, Honeywell International Inc, Zhejiang Sanmei Chemical Ind.Co. Ltd., Do-Fluoride New Materials Co. Ltd., Lanxess AG, Daikin Industries Ltd., Koura Global, Dongyue Group Co. Limited., Fluorsid Group Srl, A. B. Enterprises, Triveni Interchem Pvt. Ltd, Choice Organochem Llp., Siddhi Vinayak Industries, Wuhan Wanbangde Industrial & Trade Co Ltd, Xinyi Chemicals Industry Company LTD, Shanshui Chemicals Industrial Co. Ltd, Sinchem Industry Co. Ltd., Zhejiang Kaisn Flourochemical Co. Ltd, Coogee, Brenntag SE, CSC Jaklechemie GmbH & Co. KG., Rexchem UK Limited, Penta chemicals, Sigma-Aldrich, SolvChem, RICCA Chemical, the Chemours Company, Fisher Scientific, Merck Millipore, Alphachem Limited, Correias Mercurio, Pall Corporation, Mexichem Brasil, Gulf Fluor LLC, ICL Group Ltd, Kemcore, Desmet Ballestra, Orbia, Chemifa Corp.
Asia-Pacific was the largest region in the hydrofluoric acid market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrofluoric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the hydrofluoric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The hydrofluoric acid market consists of sales of is used to make herbicides and refrigerants. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Table of Contents
1. Executive Summary
2. Hydrofluoric Acid Market Characteristics
3. Hydrofluoric Acid Market Trends And Strategies
4. Hydrofluoric Acid Market - Macro Economic Scenario including the impact of Interest Rates, Inflation, Geopolitics and Covid And Recovery on the Market
5. Global Hydrofluoric Acid Growth Analysis And Strategic Analysis Framework
- 5.1. Global Hydrofluoric Acid PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Hydrofluoric Acid Market Growth Rate Analysis
- 5.4. Global Hydrofluoric Acid Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Hydrofluoric Acid Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Hydrofluoric Acid Total Addressable Market (TAM)
6. Hydrofluoric Acid Market Segmentation
7. Hydrofluoric Acid Market Regional And Country Analysis
8. Asia-Pacific Hydrofluoric Acid Market
9. China Hydrofluoric Acid Market
10. India Hydrofluoric Acid Market
11. Japan Hydrofluoric Acid Market
12. Australia Hydrofluoric Acid Market
13. Indonesia Hydrofluoric Acid Market
14. South Korea Hydrofluoric Acid Market
15. Western Europe Hydrofluoric Acid Market
16. UK Hydrofluoric Acid Market
17. Germany Hydrofluoric Acid Market
18. France Hydrofluoric Acid Market
19. Italy Hydrofluoric Acid Market
20. Spain Hydrofluoric Acid Market
21. Eastern Europe Hydrofluoric Acid Market
22. Russia Hydrofluoric Acid Market
23. North America Hydrofluoric Acid Market
24. USA Hydrofluoric Acid Market
25. Canada Hydrofluoric Acid Market
26. South America Hydrofluoric Acid Market
27. Brazil Hydrofluoric Acid Market
28. Middle East Hydrofluoric Acid Market
29. Africa Hydrofluoric Acid Market
30. Hydrofluoric Acid Market Competitive Landscape And Company Profiles
31. Hydrofluoric Acid Market Other Major And Innovative Companies
32. Global Hydrofluoric Acid Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Hydrofluoric Acid Market
34. Recent Developments In The Hydrofluoric Acid Market
35. Hydrofluoric Acid Market High Potential Countries, Segments and Strategies
36. Appendix
