Global Hydrofluoric Acid Market Size Study & Forecast, by Grade and Application and Regional Forecasts 2025-2035

June 2025 | 285 pages | ID: G1638E91ACFDEN
Bizwit Research & Consulting LLP

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Global Hydrofluoric Acid Market is valued approximately at USD 3.81 billion in 2024 and is expected to grow with a compound annual growth rate of 5.90% over the forecast period from 2025 to 2035. Hydrofluoric acid (HF), a highly reactive and corrosive solution of hydrogen fluoride in water, plays an indispensable role in diverse industrial domains ranging from petroleum refining and metal processing to pharmaceuticals, glass etching, and electronics manufacturing. Its ability to dissolve oxides and react with silica has positioned HF as a foundational component in the fabrication of fluorinated compounds and high-performance materials. The growing demand for fluorochemicals, coupled with robust expansion in automotive, semiconductor, and chemical industries, continues to drive the market’s momentum.

The adoption of HF across fluoropolymer production and aluminum smelting operations has surged significantly as end-user industries diversify applications to meet evolving technical standards. The rise of high-octane fuel requirements has further augmented the use of HF in alkylation processes within the petroleum sector. Moreover, the increase in demand for specialty chemicals and the emergence of eco-efficient etching solutions have prompted manufacturers to scale up output and develop safer handling technologies. However, the toxic and corrosive nature of hydrofluoric acid poses substantial risks in terms of storage, transportation, and worker safety, which has led to strict regulatory scrutiny, especially in developed regions. This, in turn, challenges market growth, necessitating innovations in containment and waste management systems.

Geographically, Asia Pacific remains the powerhouse of the global hydrofluoric acid market, underpinned by rapid industrialization in countries like China, India, and South Korea, along with their dominance in steel production, fluorochemical synthesis, and electronics manufacturing. China, being the largest producer and consumer, exhibits heavy integration of HF across its fluoropolymer and aluminum production chains. North America follows closely due to sustained demand from oil refineries and chemical synthesis plants, particularly in the U.S. Meanwhile, Europe is witnessing steady growth with a focus on green chemistry and regulatory compliance, pushing the adoption of alternative formulations and safety-enhanced processes. Latin America and the Middle East & Africa are anticipated to record moderate growth, driven by infrastructural projects and industrial diversification.

Major market player included in this report are:
  • Daikin Industries Ltd.
  • Lanxess AG
  • Honeywell International Inc.
  • Morita Chemical Industries Co., Ltd.
  • Solvay S.A.
  • Arkema Group
  • Fluorchemie Group
  • Dongyue Group
  • Zhejiang Sanmei Chemical Ind. Co. Ltd.
  • Stella Chemifa Corporation
  • Mexichem S.A.B. de C.V.
  • Air Products and Chemicals, Inc.
  • Gujarat Fluorochemicals Ltd.
  • Linde Plc
  • Tanfac Industries Ltd.
Global Hydrofluoric Acid Market Report Scope:
  • Historical Data – 2023, 2024
  • Base Year for Estimation – 2024
  • Forecast period - 2025-2035
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analysts’ working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values for the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within the countries involved in the study. The report also provides detailed information about crucial aspects, such as driving factors and challenges, which will define the future growth of the market. Additionally, it incorporates potential opportunities in micro-markets for stakeholders to invest, along with a detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segments of the market are explained below:

By Grade:
  • AHF
  • DHF (Above 50% Concentration)
  • DHF (Below 50% Concentration)
By Application:
  • Fluorochemicals
  • Glass Etching
  • Petroleum Alkylation
  • Metal Pickling
  • Semiconductor Manufacturing
  • Others
By Region:

North America
  • U.S.
  • Canada
Europe
  • UK
  • Germany
  • France
  • Spain
  • Italy
  • Rest of Europe
Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of Asia Pacific
Latin America
  • Brazil
  • Mexico
Middle East & Africa
  • UAE
  • Saudi Arabia
  • South Africa
  • Rest of Middle East & Africa
Key Takeaways:
  • Market Estimates & Forecast for 10 years from 2025 to 2035.
  • Annualized revenues and regional level analysis for each market segment.
  • Detailed analysis of geographical landscape with Country level analysis of major regions.
  • Competitive landscape with information on major players in the market.
  • Analysis of key business strategies and recommendations on future market approach.
  • Analysis of competitive structure of the market.
  • Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL HYDROFLUORIC ACID MARKET REPORT SCOPE & METHODOLOGY

1.1. Research Objective
1.2. Research Methodology
  1.2.1. Forecast Model
  1.2.2. Desk Research
  1.2.3. Top-Down and Bottom-Up Approach
1.3. Research Attributes
1.4. Scope of the Study
  1.4.1. Market Definition
  1.4.2. Market Segmentation
1.5. Research Assumption
  1.5.1. Inclusion & Exclusion
  1.5.2. Limitations
  1.5.3. Years Considered for the Study

CHAPTER 2. EXECUTIVE SUMMARY

2.1. CEO/CXO Standpoint
2.2. Strategic Insights
2.3. ESG Analysis
2.4. Key Findings

CHAPTER 3. GLOBAL HYDROFLUORIC ACID MARKET FORCES ANALYSIS

3.1. Market Forces Shaping the Global HF Market (2024–2035)
3.2. Drivers
  3.2.1. Rising Demand in Fluorochemical and Alkylation Applications
  3.2.2. Growth in Specialty Chemical and Semiconductor End-Uses
3.3. Restraints
  3.3.1. Stringent Safety and Environmental Regulations
  3.3.2. High Storage, Handling and Transportation Risks
3.4. Opportunities
  3.4.1. Development of Safety-Enhanced Containment Technologies
  3.4.2. Expansion into Emerging Refining and Electronics Hubs

CHAPTER 4. GLOBAL HYDROFLUORIC ACID INDUSTRY ANALYSIS

4.1. Porter’s Five Forces Model
  4.1.1. Bargaining Power of Buyers
  4.1.2. Bargaining Power of Suppliers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s Five Forces Forecast Model (2024–2035)
4.3. PESTEL Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top Investment Opportunities
4.5. Top Winning Strategies (2025)
4.6. Market Share Analysis (2024–2025)
4.7. Global Pricing Analysis and Trends 2025
4.8. Analyst Recommendations & Conclusion

CHAPTER 5. GLOBAL HYDROFLUORIC ACID MARKET SIZE & FORECASTS BY GRADE 2025–2035

5.1. Market Overview
5.2. Global HF Market Performance – Potential Analysis (2025)
5.3. AHF
  5.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
  5.3.2. Market Size Analysis, by Region, 2025–2035
5.4. DHF (Above 50% Concentration)
  5.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
  5.4.2. Market Size Analysis, by Region, 2025–2035
5.5. DHF (Below 50% Concentration)
  5.5.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
  5.5.2. Market Size Analysis, by Region, 2025–2035

CHAPTER 6. GLOBAL HYDROFLUORIC ACID MARKET SIZE & FORECASTS BY APPLICATION 2025–2035

6.1. Market Overview
6.2. Global HF Market Performance – Potential Analysis (2025)
6.3. Fluorochemicals
  6.3.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
  6.3.2. Market Size Analysis, by Region, 2025–2035
6.4. Glass Etching
  6.4.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
  6.4.2. Market Size Analysis, by Region, 2025–2035
6.5. Petroleum Alkylation
  6.5.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
  6.5.2. Market Size Analysis, by Region, 2025–2035
6.6. Metal Pickling
  6.6.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
  6.6.2. Market Size Analysis, by Region, 2025–2035
6.7. Semiconductor Manufacturing
  6.7.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
  6.7.2. Market Size Analysis, by Region, 2025–2035
6.8. Others
  6.8.1. Top Countries Breakdown Estimates & Forecasts, 2024–2035
  6.8.2. Market Size Analysis, by Region, 2025–2035

CHAPTER 7. GLOBAL HYDROFLUORIC ACID MARKET SIZE & FORECASTS BY REGION 2025–2035

7.1. HF Market, Regional Market Snapshot
7.2. Top Leading & Emerging Countries
7.3. North America
  7.3.1. U.S. – Estimates & Forecasts, 2024–2035
  7.3.2. Canada – Estimates & Forecasts, 2024–2035
7.4. Europe
  7.4.1. UK – Estimates & Forecasts, 2024–2035
  7.4.2. Germany – Estimates & Forecasts, 2024–2035
  7.4.3. France – Estimates & Forecasts, 2024–2035
  7.4.4. Spain – Estimates & Forecasts, 2024–2035
  7.4.5. Italy – Estimates & Forecasts, 2024–2035
  7.4.6. Rest of Europe – Estimates & Forecasts, 2024–2035
7.5. Asia Pacific
  7.5.1. China – Estimates & Forecasts, 2024–2035
  7.5.2. India – Estimates & Forecasts, 2024–2035
  7.5.3. Japan – Estimates & Forecasts, 2024–2035
  7.5.4. Australia – Estimates & Forecasts, 2024–2035
  7.5.5. South Korea – Estimates & Forecasts, 2024–2035
  7.5.6. Rest of Asia Pacific – Estimates & Forecasts, 2024–2035
7.6. Latin America
  7.6.1. Brazil – Estimates & Forecasts, 2024–2035
  7.6.2. Mexico – Estimates & Forecasts, 2024–2035
7.7. Middle East & Africa
  7.7.1. UAE – Estimates & Forecasts, 2024–2035
  7.7.2. Saudi Arabia – Estimates & Forecasts, 2024–2035
  7.7.3. South Africa – Estimates & Forecasts, 2024–2035
  7.7.4. Rest of Middle East & Africa – Estimates & Forecasts, 2024–2035

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Top Market Strategies
8.2. Daikin Industries Ltd.
  8.2.1. Company Overview
  8.2.2. Key Executives
  8.2.3. Company Snapshot
  8.2.4. Financial Performance (Subject to Data Availability)
  8.2.5. Product/Services Portfolio
  8.2.6. Recent Development
  8.2.7. Market Strategies
  8.2.8. SWOT Analysis
8.3. Lanxess AG
8.4. Honeywell International Inc.
8.5. Morita Chemical Industries Co., Ltd.
8.6. Solvay S.A.
8.7. Arkema Group
8.8. Fluorchemie Group
8.9. Dongyue Group
8.10. Zhejiang Sanmei Chemical Ind. Co. Ltd.
8.11. Stella Chemifa Corporation
8.12. Mexichem S.A.B. de C.V.
8.13. Air Products and Chemicals, Inc.
8.14. Gujarat Fluorochemicals Ltd.
8.15. Linde Plc
8.16. Tanfac Industries Ltd.

LIST OF TABLES

Table 1. Global Hydrofluoric Acid Market, Report Scope
Table 2. Global Hydrofluoric Acid Market Estimates & Forecasts By Region 2024–2035
Table 3. Global Hydrofluoric Acid Market Estimates & Forecasts By Grade 2024–2035
Table 4. Global Hydrofluoric Acid Market Estimates & Forecasts By Application 2024–2035
Table 5. U.S. Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 6. Canada Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 7. UK Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 8. Germany Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 9. France Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 10. Spain Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 11. Italy Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 12. Rest of Europe Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 13. China Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 14. India Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 15. Japan Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 16. Australia Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 17. South Korea Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 18. Brazil Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 19. Mexico Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 20. UAE Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 21. Saudi Arabia Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 22. South Africa Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035
Table 23. Rest of Middle East & Africa Hydrofluoric Acid Market Estimates & Forecasts, 2024–2035

LIST OF FIGURES

Fig 1. Global Hydrofluoric Acid Market, Research Methodology
Fig 2. Global Hydrofluoric Acid Market, Market Estimation Techniques
Fig 3. Global Hydrofluoric Acid Market Size Estimates & Forecast Methods
Fig 4. Global Hydrofluoric Acid Market, Key Trends 2025
Fig 5. Global Hydrofluoric Acid Market, Growth Prospects 2024–2035
Fig 6. Global Hydrofluoric Acid Market, Porter’s Five Forces Model
Fig 7. Global Hydrofluoric Acid Market, PESTEL Analysis
Fig 8. Global Hydrofluoric Acid Market, Value Chain Analysis
Fig 9. Hydrofluoric Acid Market By Grade, 2025 & 2035
Fig 10. Hydrofluoric Acid Market By Application, 2025 & 2035
Fig 11. North America Hydrofluoric Acid Market, 2025 & 2035
Fig 12. Europe Hydrofluoric Acid Market, 2025 & 2035
Fig 13. Asia Pacific Hydrofluoric Acid Market, 2025 & 2035
Fig 14. Latin America Hydrofluoric Acid Market, 2025 & 2035
Fig 15. Middle East & Africa Hydrofluoric Acid Market, 2025 & 2035
Fig 16. Global Hydrofluoric Acid Market, Company Market Share Analysis (2025)


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