Global Hydrofluoric Acid Market Size, Share & Trends Analysis Report By Grade, By Application (Fluorocarbon, Glass Etching, Oil Refining, Fluorinated Derivatives, Metal Pickling, and Others), By Regional Outlook and Forecast, 2023 - 2030

Global Hydrofluoric Acid Market Size, Share & Trends Analysis Report By Grade, By Application (Fluorocarbon, Glass Etching, Oil Refining, Fluorinated Derivatives, Metal Pickling, and Others), By Regional Outlook and Forecast, 2023 - 2030


The Global Hydrofluoric Acid Market size is expected to reach $2.7 billion by 2030, rising at a market growth of 5.9% CAGR during the forecast period. In the year 2022, the market attained a volume of 2512.3 Kilo Tonnes, experiencing a growth of 5.1% (2019-2022).

Many oil refineries invest in capacity expansion projects or retrofit existing units to increase their alkylation capacity. Consequently, the oil refining segment would generate an 8.0% share of the market by 2030. Also, the demand of hydrofluoric acid in Saudi Arabia will approximately 3.05 kilo tonnes in oil refining by 2030. This expansion is driven by population growth, urbanization, and increasing vehicle ownership, leading to higher demand for gasoline and other refined petroleum products.

Fluoropolymers, such as polytetrafluoroethylene (PTFE) and polyvinylidene fluoride (PVDF), and fluorocarbons, including refrigerants like hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs), are widely used in various industries for their unique properties such as chemical resistance, thermal stability, and low friction. Therefore, the growing demand for fluorine-based products drives the market’s growth.

Additionally, Technological advancements enable manufacturers to develop more efficient production processes for hydrofluoric acid. Innovations such as improved reactor designs, optimized reaction conditions, and enhanced catalyst systems help increase the yield and purity of hydrofluoric acid, leading to higher production rates and reduced manufacturing costs. Thus, the advancements in hydrofluoric acid production technologies are driving the market’s growth.

However, Fluorspar is the primary raw material used in hydrofluoric acid production, accounting for a significant portion of manufacturing costs. Fluctuations in fluorspar prices, driven by factors such as supply-demand dynamics, geopolitical tensions, and currency fluctuations, directly impact the production cost of hydrofluoric acid. Sulfuric acid is another critical raw material used in hydrofluoric acid production. Therefore, volatility in raw material prices hinders the market’s growth.

By Grade Analysis

Based on grade, the market is bifurcated into anhydrous and diluted. The diluted segment procured a 41.1% revenue share in the market in 2022. Diluted hydrofluoric acid, also known as aqueous hydrofluoric acid, is inherently safer to handle. Aqueous HF solutions are typically less corrosive and less volatile, reducing the risk of accidents and injuries associated with handling concentrated acids. Industries prioritizing safety in their operations, such as laboratories, research institutions, and smaller-scale manufacturing facilities, prefer diluted HF solutions for their lower risk profile.

By Application Analysis

On the basis of application, the market is segmented into glass etching, oil refining, fluorocarbon, fluorinated derivatives, metal pickling, and others. The fluorocarbon segment recorded the 54% revenue share in the market in 2022. In terms of volume, Glass Etching segment would produce 188.7 kilo tonnes in 2022. Hydrofluoric acid is a primary raw material in the production of fluorocarbons. Fluorocarbons, such as hydrochlorofluorocarbons (HCFCs), chlorofluorocarbons (CFCs), and hydrofluorocarbons (HFCs), are widely used in various industries, including refrigeration, air conditioning, foam blowing, and aerosol propellants. These fluorocarbons offer unique properties such as thermal stability, chemical inertness, and low toxicity, making them indispensable in modern applications.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region generated a 24.4% revenue share in the market. North America is home to a significant semiconductor manufacturing industry. HF is essential for etching and cleaning silicon wafers while fabricating integrated circuits and electronic components. With the growing demand for electronics and semiconductor devices, driven by trends such as autonomous vehicles and artificial intelligence, the demand for HF in North America’s electronics industry is increasing.

List of Key Companies Profiled
  • Dongyue Group Limited
  • Daikin Industries Ltd.
  • Honeywell International, Inc.
  • Lanxess AG
  • Solvay SA
  • Sinochem Holdings Corporation Ltd. (SASAC)
  • Fluorchemie Dohna GmbH
  • Stella Chemifa Corporation
  • Yingpeng Chemical Co., Ltd.
  • Orbia Advance Corporation S.A.B. de CV
Global Hydrofluoric Acid Market Report Segmentation

By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Anhydrous
  • Diluted
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • Fluorocarbon
  • Glass Etching
  • Oil Refining
  • Fluorinated Derivatives
  • Metal Pickling
  • Others
By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Australia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA


Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Hydrofluoric Acid Market, by Grade
1.4.2 Global Hydrofluoric Acid Market, by Application
1.4.3 Global Hydrofluoric Acid Market, by Geography
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. Global Hydrofluoric Acid Market by Grade
4.1 Global Anhydrous Market by Region
4.2 Global Diluted Market by Region
Chapter 5. Global Hydrofluoric Acid Market by Application
5.1 Global Fluorocarbon Market by Region
5.2 Global Glass Etching Market by Region
5.3 Global Oil Refining Market by Region
5.4 Global Fluorinated Derivatives Market by Region
5.5 Global Metal Pickling Market by Region
5.6 Global Others Market by Region
Chapter 6. Global Hydrofluoric Acid Market by Region
6.1 North America Hydrofluoric Acid Market
6.1.1 North America Hydrofluoric Acid Market by Grade
6.1.1.1 North America Anhydrous Market by Country
6.1.1.2 North America Diluted Market by Country
6.1.2 North America Hydrofluoric Acid Market by Application
6.1.2.1 North America Fluorocarbon Market by Country
6.1.2.2 North America Glass Etching Market by Country
6.1.2.3 North America Oil Refining Market by Country
6.1.2.4 North America Fluorinated Derivatives Market by Country
6.1.2.5 North America Metal Pickling Market by Country
6.1.2.6 North America Others Market by Country
6.1.3 North America Hydrofluoric Acid Market by Country
6.1.3.1 US Hydrofluoric Acid Market
6.1.3.1.1 US Hydrofluoric Acid Market by Grade
6.1.3.1.2 US Hydrofluoric Acid Market by Application
6.1.3.2 Canada Hydrofluoric Acid Market
6.1.3.2.1 Canada Hydrofluoric Acid Market by Grade
6.1.3.2.2 Canada Hydrofluoric Acid Market by Application
6.1.3.3 Mexico Hydrofluoric Acid Market
6.1.3.3.1 Mexico Hydrofluoric Acid Market by Grade
6.1.3.3.2 Mexico Hydrofluoric Acid Market by Application
6.1.3.4 Rest of North America Hydrofluoric Acid Market
6.1.3.4.1 Rest of North America Hydrofluoric Acid Market by Grade
6.1.3.4.2 Rest of North America Hydrofluoric Acid Market by Application
6.2 Europe Hydrofluoric Acid Market
6.2.1 Europe Hydrofluoric Acid Market by Grade
6.2.1.1 Europe Anhydrous Market by Country
6.2.1.2 Europe Diluted Market by Country
6.2.2 Europe Hydrofluoric Acid Market by Application
6.2.2.1 Europe Fluorocarbon Market by Country
6.2.2.2 Europe Glass Etching Market by Country
6.2.2.3 Europe Oil Refining Market by Country
6.2.2.4 Europe Fluorinated Derivatives Market by Country
6.2.2.5 Europe Metal Pickling Market by Country
6.2.2.6 Europe Others Market by Country
6.2.3 Europe Hydrofluoric Acid Market by Country
6.2.3.1 Germany Hydrofluoric Acid Market
6.2.3.1.1 Germany Hydrofluoric Acid Market by Grade
6.2.3.1.2 Germany Hydrofluoric Acid Market by Application
6.2.3.2 UK Hydrofluoric Acid Market
6.2.3.2.1 UK Hydrofluoric Acid Market by Grade
6.2.3.2.2 UK Hydrofluoric Acid Market by Application
6.2.3.3 France Hydrofluoric Acid Market
6.2.3.3.1 France Hydrofluoric Acid Market by Grade
6.2.3.3.2 France Hydrofluoric Acid Market by Application
6.2.3.4 Russia Hydrofluoric Acid Market
6.2.3.4.1 Russia Hydrofluoric Acid Market by Grade
6.2.3.4.2 Russia Hydrofluoric Acid Market by Application
6.2.3.5 Spain Hydrofluoric Acid Market
6.2.3.5.1 Spain Hydrofluoric Acid Market by Grade
6.2.3.5.2 Spain Hydrofluoric Acid Market by Application
6.2.3.6 Italy Hydrofluoric Acid Market
6.2.3.6.1 Italy Hydrofluoric Acid Market by Grade
6.2.3.6.2 Italy Hydrofluoric Acid Market by Application
6.2.3.7 Rest of Europe Hydrofluoric Acid Market
6.2.3.7.1 Rest of Europe Hydrofluoric Acid Market by Grade
6.2.3.7.2 Rest of Europe Hydrofluoric Acid Market by Application
6.3 Asia Pacific Hydrofluoric Acid Market
6.3.1 Asia Pacific Hydrofluoric Acid Market by Grade
6.3.1.1 Asia Pacific Anhydrous Market by Country
6.3.1.2 Asia Pacific Diluted Market by Country
6.3.2 Asia Pacific Hydrofluoric Acid Market by Application
6.3.2.1 Asia Pacific Fluorocarbon Market by Country
6.3.2.2 Asia Pacific Glass Etching Market by Country
6.3.2.3 Asia Pacific Oil Refining Market by Country
6.3.2.4 Asia Pacific Fluorinated Derivatives Market by Country
6.3.2.5 Asia Pacific Metal Pickling Market by Country
6.3.2.6 Asia Pacific Others Market by Country
6.3.3 Asia Pacific Hydrofluoric Acid Market by Country
6.3.3.1 China Hydrofluoric Acid Market
6.3.3.1.1 China Hydrofluoric Acid Market by Grade
6.3.3.1.2 China Hydrofluoric Acid Market by Application
6.3.3.2 Japan Hydrofluoric Acid Market
6.3.3.2.1 Japan Hydrofluoric Acid Market by Grade
6.3.3.2.2 Japan Hydrofluoric Acid Market by Application
6.3.3.3 India Hydrofluoric Acid Market
6.3.3.3.1 India Hydrofluoric Acid Market by Grade
6.3.3.3.2 India Hydrofluoric Acid Market by Application
6.3.3.4 South Korea Hydrofluoric Acid Market
6.3.3.4.1 South Korea Hydrofluoric Acid Market by Grade
6.3.3.4.2 South Korea Hydrofluoric Acid Market by Application
6.3.3.5 Singapore Hydrofluoric Acid Market
6.3.3.5.1 Singapore Hydrofluoric Acid Market by Grade
6.3.3.5.2 Singapore Hydrofluoric Acid Market by Application
6.3.3.6 Australia Hydrofluoric Acid Market
6.3.3.6.1 Australia Hydrofluoric Acid Market by Grade
6.3.3.6.2 Australia Hydrofluoric Acid Market by Application
6.3.3.7 Rest of Asia Pacific Hydrofluoric Acid Market
6.3.3.7.1 Rest of Asia Pacific Hydrofluoric Acid Market by Grade
6.3.3.7.2 Rest of Asia Pacific Hydrofluoric Acid Market by Application
6.4 LAMEA Hydrofluoric Acid Market
6.4.1 LAMEA Hydrofluoric Acid Market by Grade
6.4.1.1 LAMEA Anhydrous Market by Country
6.4.1.2 LAMEA Diluted Market by Country
6.4.2 LAMEA Hydrofluoric Acid Market by Application
6.4.2.1 LAMEA Fluorocarbon Market by Country
6.4.2.2 LAMEA Glass Etching Market by Country
6.4.2.3 LAMEA Oil Refining Market by Country
6.4.2.4 LAMEA Fluorinated Derivatives Market by Country
6.4.2.5 LAMEA Metal Pickling Market by Country
6.4.2.6 LAMEA Others Market by Country
6.4.3 LAMEA Hydrofluoric Acid Market by Country
6.4.3.1 Brazil Hydrofluoric Acid Market
6.4.3.1.1 Brazil Hydrofluoric Acid Market by Grade
6.4.3.1.2 Brazil Hydrofluoric Acid Market by Application
6.4.3.2 Argentina Hydrofluoric Acid Market
6.4.3.2.1 Argentina Hydrofluoric Acid Market by Grade
6.4.3.2.2 Argentina Hydrofluoric Acid Market by Application
6.4.3.3 UAE Hydrofluoric Acid Market
6.4.3.3.1 UAE Hydrofluoric Acid Market by Grade
6.4.3.3.2 UAE Hydrofluoric Acid Market by Application
6.4.3.4 Saudi Arabia Hydrofluoric Acid Market
6.4.3.4.1 Saudi Arabia Hydrofluoric Acid Market by Grade
6.4.3.4.2 Saudi Arabia Hydrofluoric Acid Market by Application
6.4.3.5 South Africa Hydrofluoric Acid Market
6.4.3.5.1 South Africa Hydrofluoric Acid Market by Grade
6.4.3.5.2 South Africa Hydrofluoric Acid Market by Application
6.4.3.6 Nigeria Hydrofluoric Acid Market
6.4.3.6.1 Nigeria Hydrofluoric Acid Market by Grade
6.4.3.6.2 Nigeria Hydrofluoric Acid Market by Application
6.4.3.7 Rest of LAMEA Hydrofluoric Acid Market
6.4.3.7.1 Rest of LAMEA Hydrofluoric Acid Market by Grade
6.4.3.7.2 Rest of LAMEA Hydrofluoric Acid Market by Application
Chapter 7. Company Profiles
7.1 Dongyue Group Limited
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 SWOT Analysis
7.2 Daikin Industries Ltd.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Honeywell International, Inc.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expenses
7.3.5 SWOT Analysis
7.4 Lanxess AG
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 SWOT Analysis
7.5 Solvay SA
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expenses
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.6 SWOT Analysis
7.6 Sinochem Holdings Corporation Ltd. (SASAC)
7.6.1 Company Overview
7.6.2 SWOT Analysis
7.7 Fluorchemie Dohna GmbH
7.7.1 Company Overview
7.7.2 SWOT Analysis
7.8 Stella Chemifa Corporation
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 SWOT Analysis
7.9 Yingpeng Chemical Co., Ltd.
7.9.1 Company Overview
7.9.2 SWOT Analysis
7.10. Orbia Advance Corporation S.A.B. de CV
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 SWOT Analysis
Chapter 8. Winning Imperatives of Hydrofluoric Acid Market

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