PUBLISHER: The Business Research Company | PRODUCT CODE: 1704244
PUBLISHER: The Business Research Company | PRODUCT CODE: 1704244
Electronic-grade hydrofluoric acid (HF) is a meticulously refined form of HF utilized predominantly in the semiconductor industry and other advanced technological sectors where minimal impurities are critical. This grade of HF is indispensable for processes requiring utmost precision and cleanliness to prevent contamination and uphold the integrity of electronic components.
The primary classifications of electronic-grade HF encompass ultra-pure grade, ultra-pure special grade, ultra-pure super-special grade, and electronic grade. Ultra-pure grade generally denotes substances that have undergone extensive purification processes to attain an exceptionally high level of purity. It finds diverse applications in integrated circuits, solar energy systems, glass manufacturing, display panels, and various other industries including electronics, semiconductors, photovoltaics, chemicals, automotive, and more.
The electronic grade hydrofluoric acid market research report is one of a series of new reports from The Business Research Company that provides electronic grade hydrofluoric acid market statistics, including electronic grade hydrofluoric acid industry global market size, regional shares, competitors with an electronic grade hydrofluoric acid market share, detailed electronic grade hydrofluoric acid market segments, market trends and opportunities, and any further data you may need to thrive in the electronic grade hydrofluoric acid industry. This electronic-grade hydrofluoric acid market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The electronic grade hydrofluoric acid market size has grown strongly in recent years. It will grow from $1.82 billion in 2024 to $1.96 billion in 2025 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increasing demand for electronic equipment, increasing application of electronic equipment, adopting multiple channels, increasing demand from the electronics industry, and increased production capacities.
The electronic grade hydrofluoric acid market size is expected to see strong growth in the next few years. It will grow to $2.6 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to rising demand for electronic devices, rising demand for aluminum in various end-use industries, growing semiconductor industry, increasing demand for advanced electronic components, increasing application of solar cells in electricity, and growing adoption of smart electronic devices. Major trends in the forecast period include technological advancements, integrated circuits automation, strategic partnerships, research and development activities, and the development of portable media devices.
The electronic-grade hydrofluoric acid market is poised for growth due to the increasing adoption of electronic products. These products range from everyday consumer gadgets such as smartphones and laptops to larger items such as household appliances, industrial machinery, and medical equipment. Factors driving this adoption include technological advancements, affordability, convenience, and the growing demand for connectivity and digitalization across various aspects of life. Electronic-grade hydrofluoric acid plays a crucial role throughout the manufacturing process of electronic products, ensuring precise patterning, surface modification, and other methods that enhance the reliability and efficiency of electronic devices. For example, in February 2024, consumer electronic products production in Japan reached $201.91 million (¥31,685 million), up from $149.27 million (¥23,425 million) in January 2023. Consequently, the increasing adoption of electronic products is fueling the growth of the electronic-grade hydrofluoric acid market.
The growing adoption of electric vehicles (EVs) is expected to drive the expansion of the electronic-grade hydrofluoric acid market. Electric vehicles are powered by electric motors and rely on rechargeable batteries or other energy storage systems for power. The rise in EV adoption is fueled by government incentives, advancements in energy density, the development of fast-charging stations, and stricter emission regulations. Electronic-grade hydrofluoric acid is crucial for manufacturing high-purity semiconductor components, which are essential for the proper functioning of various electronic systems in electric vehicles. For example, in January 2024, a report from Kelley Blue Book, a US-based Cox Automotive company, revealed that in 2023, 1.2 million car buyers in the United States opted for electric vehicles, representing 7.6% of the total U.S. vehicle market, up from 5.9% in 2022. Therefore, the increasing adoption of electric vehicles is fueling the growth of the electronic-grade hydrofluoric acid market.
Key players in the electronic-grade hydrofluoric acid market are focusing on expanding their production capabilities to enhance purity levels, improve efficiency, and minimize environmental impact, ensuring the supply of high-quality materials for semiconductor manufacturing and other advanced applications. Production capabilities refer to a company's ability to efficiently produce high-quality products that meet industry standards and market demand. For example, in October 2024, Sunlit Fluo & Chemical Co. Ltd, a Taiwan-based chemicals company, launched a new facility in Phoenix that will offer a variety of specialty chemicals, including electronic-grade hydrofluoric acid, fluorinated solvents, and other materials used in semiconductor manufacturing, electronics, and various industrial sectors. The Phoenix facility incorporates advanced production technology, stringent quality control measures, and sustainable environmental practices, aimed at increasing output to meet the growing demand for specialty chemicals in the semiconductor industry.
Major companies operating in the electronic grade hydrofluoric acid market are Honeywell International Inc., Merck KGaA, Solvay S.A., Air Products and Chemicals Inc., Formosa Daikin Advanced Chemicals Co. Ltd., Formosa Plastics Corporation, Shandong Dongyue Chemical Co. Ltd., KMG Chemicals, Zhejiang Juhua Co. Ltd., Stella Chemifa Corporation, Suzhou Crystal Clear Chemical Co.Ltd., Derivados del Fluor SAU, Zhejiang Sanmei Chemical Incorporated Company, G. Frederick Smith Chemical Company, Advance Research Chemicals Inc., Fujian Shaowu Yongfei Chemical Co. Ltd., Buss ChemTech AG, Loba Chemie Pvt Ltd., Morita Chemical Industries Co. Ltd., Kanto Chemical Co. Inc., Sunlit Chemical Co. Ltd., Hangzhou Dayangchem Co. Ltd., Rishiroop Polymers Pvt. Ltd., Sinochem Lantian Co. Ltd., Xinxiang Yellow River Fine Chemical Industry Co. Ltd.
North America was the largest region in the electronic grade hydrofluoric acid market in 2024. The regions covered in the electronic grade hydrofluoric acid market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the electronic grade hydrofluoric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electronic-grade hydrofluoric acid market consists of sales of liquid crystal display (LCD) grade, solar grade, optoelectronic grade, and analytical reagent grade hydrofluoric acid. 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.
Electronic Grade Hydrofluoric Acid Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electronic grade hydrofluoric acid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electronic grade hydrofluoric acid ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electronic grade hydrofluoric acid market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.