Hydrofluoric Acid Market by Grade (AHF, DHF (Above 50% Concentration), DHF( Below 50% Concentration)), Type (Electronic Hydrofluoric Acid, Industrial Hydrofluoric Acid), Application, End-User Industry - Global Forecast 2023-2030
The Hydrofluoric Acid Market size was estimated at USD 3.29 billion in 2022 and expected to reach USD 3.43 billion in 2023, at a CAGR 4.83% to reach USD 4.81 billion by 2030.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Hydrofluoric Acid Market.
- Based on Grade, market is studied across AHF, DHF (Above 50% Concentration), and DHF( Below 50% Concentration). The DHF (Above 50% Concentration) commanded largest market share of 46.34% in 2022, followed by AHF.
- Based on Type, market is studied across Electronic Hydrofluoric Acid and Industrial Hydrofluoric Acid. The Industrial Hydrofluoric Acid commanded largest market share of 70.56% in 2022, followed by Electronic Hydrofluoric Acid.
- Based on Application, market is studied across Fluorinated Derivative Production, Fluorocarbon Production, Glass Etching & Cleaning, Metal Pickling, Oil Refining, and Uranium Fuel Production. The Fluorinated Derivative Production commanded largest market share of 30.37% in 2022, followed by Glass Etching & Cleaning.
- Based on End-User Industry, market is studied across Chemical Processing, Electrical & Electronics, Oil & Gas, and Pharmaceuticals. The Chemical Processing commanded largest market share of 34.56% in 2022, followed by Electrical & Electronics.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 37.34% in 2022, followed by Asia-Pacific.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Hydrofluoric Acid Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Hydrofluoric Acid Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Hydrofluoric Acid Market, highlighting leading vendors and their innovative profiles. These include Alphachem Limited, BASF SE, Buss ChemTech AG, CheMondis GmbH, Cole-Parmer Instrument Company, LLC, Columbus Chemical Industries, Daikin Industries, Ltd., Dongyue Group Company Ltd., Fluorchemie Dohna GmbH, Fujian Shaowu Yongfei Chemical Co., Ltd., GFS Chemicals, Inc., Goldmann GmbH & Co KG, Guichon Valves, Gulf Fluor LLC, Honeywell International Inc., KANAME CHEMICALS CO.,LTD., Lanxess AG, Merck KGaA, Mexichem Fluor S.A de C.V., Mitsubishi Chemical Corporation, Morita Chemical Industries Co., Ltd., Otto Chemie Pvt. Ltd., Parth Industries, Pelchem (Pty) Ltd., SBS Philippines Corporation, Solvay S.A., Spectrum Laboratory Products, Inc., SRF LIMITED, Stella Chemifa Corporation, Tanfac Industries Ltd., Thermo Fisher Scientific, Inc., Yingpeng Chemical Co., Ltd., and Zhejiang Yipeng Chemical Co., Ltd..
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Hydrofluoric Acid Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Hydrofluoric Acid Market?
- What is the competitive strategic window for identifying opportunities in the Hydrofluoric Acid Market?
- What are the latest technology trends and regulatory frameworks in the Hydrofluoric Acid Market?
- What is the market share of the leading vendors in the Hydrofluoric Acid Market?
- Which modes and strategic moves are suitable for entering the Hydrofluoric Acid Market?
Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Hydrofluoric Acid Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Rising demand for fluorine compounds from steel and petroleum industries
- 5.1.1.2. Increasing use of hydrofluoric acid in the chemical industry for the production of fluorine components
- 5.1.1.3. Growing need of hydrofluoric acid in refrigerants, metal, and aluminum
- 5.1.2. Restraints
- 5.1.2.1. High cost of transportation and lack of availability due to its presence in selected regions
- 5.1.3. Opportunities
- 5.1.3.1. Rising application of hydrofluoric acid in purification of quartz, graphite, and ceramic production
- 5.1.3.2. Increasing utilization of hydrofluoric acid from batteries and fuel cells storage technologies
- 5.1.4. Challenges
- 5.1.4.1. Stringent regulations in the application of fluorocarbon refrigerants
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Hydrofluoric Acid Market, by Grade
- 6.1. Introduction
- 6.2. AHF
- 6.3. DHF (Above 50% Concentration)
- 6.4. DHF( Below 50% Concentration)
- 7. Hydrofluoric Acid Market, by Type
- 7.1. Introduction
- 7.2. Electronic Hydrofluoric Acid
- 7.3. Industrial Hydrofluoric Acid
- 8. Hydrofluoric Acid Market, by Application
- 8.1. Introduction
- 8.2. Fluorinated Derivative Production
- 8.3. Fluorocarbon Production
- 8.4. Glass Etching & Cleaning
- 8.5. Metal Pickling
- 8.6. Oil Refining
- 8.7. Uranium Fuel Production
- 9. Hydrofluoric Acid Market, by End-User Industry
- 9.1. Introduction
- 9.2. Chemical Processing
- 9.3. Electrical & Electronics
- 9.4. Oil & Gas
- 9.5. Pharmaceuticals
- 10. Americas Hydrofluoric Acid Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Hydrofluoric Acid Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Hydrofluoric Acid Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
- 13.3.1.1. With Tanfac acquisition, Anupam Rasayan may garner higher investor interest
- 13.3.2. Agreement, Collaboration, & Partnership
- 13.3.2.1. TSMC successfully collaborates with suppliers to create eco-friendly hydrofluoric acid, deepening environmental sustainability
- 13.3.2.2. Solvay and Orbia join forces to create a Joint Venture in North America to supply critical materials to the battery market
- 13.3.3. Investment & Funding
- 13.3.3.1. ENF, to start producing hydrogen fluoride raw materials by itself, no longer depending on Japan.
- 13.3.4. Award, Recognition, & Expansion
- 13.3.4.1. Navin Fluorine arm to invest Rs 450 crore to set up hydrofluoric acid plant at Dahej, Gujarat
- 13.3.4.2. Tanfac Industries to enhance capacity of Hydrofluoric Acid Plant at Cuddalore
- 13.3.4.3. BHS-Sonthofen provides belt filters for hydrofluoric acid project
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. Alphachem Limited
- 14.1.2. BASF SE
- 14.1.3. Buss ChemTech AG
- 14.1.4. CheMondis GmbH
- 14.1.5. Cole-Parmer Instrument Company, LLC
- 14.1.6. Columbus Chemical Industries
- 14.1.7. Daikin Industries, Ltd.
- 14.1.8. Dongyue Group Company Ltd.
- 14.1.9. Fluorchemie Dohna GmbH
- 14.1.10. Fujian Shaowu Yongfei Chemical Co., Ltd.
- 14.1.11. GFS Chemicals, Inc.
- 14.1.12. Goldmann GmbH & Co KG
- 14.1.13. Guichon Valves
- 14.1.14. Gulf Fluor LLC
- 14.1.15. Honeywell International Inc.
- 14.1.16. KANAME CHEMICALS CO.,LTD.
- 14.1.17. Lanxess AG
- 14.1.18. Merck KGaA
- 14.1.19. Mexichem Fluor S.A de C.V.
- 14.1.20. Mitsubishi Chemical Corporation
- 14.1.21. Morita Chemical Industries Co., Ltd.
- 14.1.22. Otto Chemie Pvt. Ltd.
- 14.1.23. Parth Industries
- 14.1.24. Pelchem (Pty) Ltd.
- 14.1.25. SBS Philippines Corporation
- 14.1.26. Solvay S.A.
- 14.1.27. Spectrum Laboratory Products, Inc.
- 14.1.28. SRF LIMITED
- 14.1.29. Stella Chemifa Corporation
- 14.1.30. Tanfac Industries Ltd.
- 14.1.31. Thermo Fisher Scientific, Inc.
- 14.1.32. Yingpeng Chemical Co., Ltd.
- 14.1.33. Zhejiang Yipeng Chemical Co., Ltd.
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
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