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Hydrofluoric Acid - Global Market Outlook (2020-2028)

July 2021 | 150 pages | ID: HD99FCAF3F3AEN
Stratistics Market Research Consulting

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According to Stratistics MRC, the Global Hydrofluoric Acid Market is accounted for $1.85 million tons in 2020 and is expected to reach $3.33 million tons by 2028 growing at a CAGR of 7.6% during the forecast period. Some of the key factors propelling the market growth include Growing Demand for Hydrofluorocarbons (Hfcs) and Hydrofluorolefins (Hfos), Increasing glass etching and cleaning application in the semiconductor industry, Increased Demand for Fluorine Compounds in Several Industries, and increasing use of HF in steel aluminum, petroleum, and pharmaceuticals industry. However, stringent regulations on the use of fluorocarbon refrigerants are hampering the market growth.

Hydrofluoric acid (HF), also known as fluorhydric acid and hydronium fluoride, is a solution of hydrogen fluoride with colorless appearance. It is a weak acid, and is highly corrosive and toxic for individuals, as it can damage lungs and cornea of eyes permanently. It is produced by treatment of fluorite with concentrated sulfuric acid. It is used in various industries such as mining, chemicals, refining, silicon chip fabrication, and for other research purposes. Hydrofluoric acid is also used in the production of aluminum fluoride, which is key to the manufacture of aluminum products.

By grade, the anhydrous hydrofluoric acid segment is expected to grow at a significant rate during the forecast period, due to the rising demand of this grade in fluorinated derivative production, fluorocarbon production, and oil refining applications is expected to raise the consumption of anhydrous hydrofluoric carbon globally. Anhydrous hydrofluoric acid (AHF) is the largest grade of hydrofluoric acid and is suitable for a wide range of applications such as fluorocarbon production, fluorinated derivative production, and oil refining. It is used as a pickling agent in metalworking, to remove the oxides and other impurities from carbon steels because of its ability to dissolve steel. AHF is usually found in the gaseous form with concentrations ranging between 99% and 100%. It is a very corrosive and toxic compound, making it difficult to handle and store.

On the basis of geography, Asia Pacific region is expected to fastest-growing market during the forecast period, owing to the presence of numerous fluorocarbon manufacturers in the region, massive demand from chemical and metallurgical industries, and actively growing manufacturing base in APAC. China is projected to be the fastest-growing market for hydrofluoric acid in Asia Pacific, followed by India and Japan due to numerous number of manufacturers. Moreover, the increasing demand for hydrofluoric acid from applications such as fluorocarbon production, fluorinated derivative production, metal pickling, and glass etching and cleaning is expected to drive the hydrofluoric acid market in these countries. In addition, Chinese players have been at an added advantage by government restrictions on the exports of fluorspar thereby putting pressure on the other regional and global suppliers.

Some of the key players in Hydrofluoric Acid Market include Daikin Industries Ltd., Buss ChemTech AG, Merck KGaA, Stella Chemifa Corporation, Laxness AG, Solvay SA, Fubao Group, Sinochem International Corp., Tanfac Industries ltd., Honeywell International, Gujarat Fluorochemicals Ltd., Morita Chemical Industries Co. Ltd., Navin Fluorine International Limited, SRF Limited, Gulf Fluor, and Soulbrain Co., ltd.

Grades Covered:
  • Diluted Hydrofluoric Acid
  • Anhydrous Hydrofluoric Acid
  • Aqueous Hydrofluoric Acid
Types Covered:
  • UP-S Grade
  • UP Grade
  • EL Grade
  • UP-SS Grade
Products Covered:
  • Industrial Hydrofluoric Acid
  • Electronic Hydrofluoric Acid
Applications Covered:
  • Steel Pickling and Metal Treatment
  • Fluorochemicals
  • Oil Refining
  • Glass Etching and Cleaning
  • Fluorinated Derivatives
  • Uranium Fuel Production
  • Petroleum Catalyst
  • Fluorocarbon Production
  • Organofluorine Compounds
  • Refining
  • Organic Synthesis
  • Integrated Circuit
  • Glass Product
  • Solar Energy
  • Monitor Panel
  • Other Applications
End Users Covered:
  • Chemical Processing
  • Electrical & Electronics (Microelectronic Industry)
  • Oil & Gas
  • Pharmaceuticals
  • Semiconductor Industry
  • Glass Industry
  • Refrigerant Industry
Regions Covered:
  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • UK
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Australia
    • New Zealand
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Argentina
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • Qatar
    • South Africa
    • Rest of Middle East & Africa
What our report offers:
  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2019, 2020, 2021, 2025 and 2028
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements
Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:
  • Company Profiling
        • Comprehensive profiling of additional market players (up to 3)
        • SWOT Analysis of key players (up to 3)
  • Regional Segmentation
    • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
  • Competitive Benchmarking
    • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
1 EXECUTIVE SUMMARY

2 PREFACE

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
  2.4.1 Data Mining
  2.4.2 Data Analysis
  2.4.3 Data Validation
  2.4.4 Research Approach
2.5 Research Sources
  2.5.1 Primary Research Sources
  2.5.2 Secondary Research Sources
  2.5.3 Assumptions

3 MARKET TREND ANALYSIS

3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 End User Analysis
3.9 Emerging Markets
3.10 Impact of Covid-19

4 PORTERS FIVE FORCE ANALYSIS

4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 GLOBAL HYDROFLUORIC ACID MARKET, BY GRADE

5.1 Introduction
5.2 Diluted Hydrofluoric Acid
  5.2.1 Diluted Hydrofluoric Acid (below 50% concentration)
  5.2.2 Diluted Hydrofluoric Acid (above 50% concentration)
5.3 Anhydrous Hydrofluoric Acid
5.4 Aqueous Hydrofluoric Acid

6 GLOBAL HYDROFLUORIC ACID MARKET, BY TYPE

6.1 Introduction
6.2 UP-S Grade
6.3 UP Grade
6.4 EL Grade
6.5 UP-SS Grade

7 GLOBAL HYDROFLUORIC ACID MARKET, BY PRODUCT

7.1 Introduction
7.2 Industrial Hydrofluoric Acid
7.3 Electronic Hydrofluoric Acid

8 GLOBAL HYDROFLUORIC ACID MARKET, BY APPLICATION

8.1 Introduction
8.2 Steel Pickling and Metal Treatment
8.3 Fluorochemicals
8.4 Oil Refining
8.5 Glass Etching and Cleaning
8.6 Fluorinated Derivatives
8.7 Uranium Fuel Production
8.8 Petroleum Catalyst
8.9 Fluorocarbon Production
8.10 Organofluorine Compounds
8.11 Refining
8.12 Organic Synthesis
8.13 Integrated Circuit
8.14 Glass Product
8.15 Solar Energy
8.16 Monitor Panel
8.17 Other Applications
  8.17.1 Agrochemicals
  8.17.2 Pharmaceutical Products
  8.17.3 Consumer Products

9 GLOBAL HYDROFLUORIC ACID MARKET, BY END USER

9.1 Introduction
9.2 Chemical Processing
9.3 Electrical & Electronics (Microelectronic Industry)
9.4 Oil & Gas
9.5 Pharmaceuticals
9.6 Semiconductor Industry
9.7 Glass Industry
9.8 Refrigerant Industry

10 GLOBAL HYDROFLUORIC ACID MARKET, BY GEOGRAPHY

10.1 Introduction
10.2 North America
  10.2.1 US
  10.2.2 Canada
  10.2.3 Mexico
10.3 Europe
  10.3.1 Germany
  10.3.2 UK
  10.3.3 Italy
  10.3.4 France
  10.3.5 Spain
  10.3.6 Rest of Europe
10.4 Asia Pacific
  10.4.1 Japan
  10.4.2 China
  10.4.3 India
  10.4.4 Australia
  10.4.5 New Zealand
  10.4.6 South Korea
  10.4.7 Rest of Asia Pacific
10.5 South America
  10.5.1 Argentina
  10.5.2 Brazil
  10.5.3 Chile
  10.5.4 Rest of South America
10.6 Middle East & Africa
  10.6.1 Saudi Arabia
  10.6.2 UAE
  10.6.3 Qatar
  10.6.4 South Africa
  10.6.5 Rest of Middle East & Africa

11 KEY DEVELOPMENTS

11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies

12 COMPANY PROFILING

12.1 Daikin Industries Ltd.
12.2 Buss ChemTech AG
12.3 Merck KGaA
12.4 Stella Chemifa Corporation
12.5 Laxness AG
12.6 Solvay SA
12.7 Fubao Group
12.8 Sinochem International Corp.
12.9 Tanfac Industries ltd.
12.10 Honeywell International
12.11 Gujarat Fluorochemicals Ltd.
12.12 Morita Chemical Industries Co. Ltd.
12.13 Navin Fluorine International Limited
12.14 SRF Limited
12.15 Gulf Fluor
12.16 Soulbrain Co., ltd.

LIST OF TABLES

Table 1 Global Hydrofluoric Acid Market Outlook, By Region (2019-2028) ($MN)
Table 2 Global Hydrofluoric Acid Market Outlook, By Grade (2019-2028) ($MN)
Table 3 Global Hydrofluoric Acid Market Outlook, By Diluted Hydrofluoric Acid (2019-2028) ($MN)
Table 4 Global Hydrofluoric Acid Market Outlook, By Diluted Hydrofluoric Acid (below 50% concentration) (2019-2028) ($MN)
Table 5 Global Hydrofluoric Acid Market Outlook, By Diluted Hydrofluoric Acid (above 50% concentration) (2019-2028) ($MN)
Table 6 Global Hydrofluoric Acid Market Outlook, By Anhydrous Hydrofluoric Acid (2019-2028) ($MN)
Table 7 Global Hydrofluoric Acid Market Outlook, By Aqueous Hydrofluoric Acid (2019-2028) ($MN)
Table 8 Global Hydrofluoric Acid Market Outlook, By Type (2019-2028) ($MN)
Table 9 Global Hydrofluoric Acid Market Outlook, By UP-S Grade (2019-2028) ($MN)
Table 10 Global Hydrofluoric Acid Market Outlook, By UP Grade (2019-2028) ($MN)
Table 11 Global Hydrofluoric Acid Market Outlook, By EL Grade (2019-2028) ($MN)
Table 12 Global Hydrofluoric Acid Market Outlook, By UP-SS Grade (2019-2028) ($MN)
Table 13 Global Hydrofluoric Acid Market Outlook, By Product (2019-2028) ($MN)
Table 14 Global Hydrofluoric Acid Market Outlook, By Industrial Hydrofluoric Acid (2019-2028) ($MN)
Table 15 Global Hydrofluoric Acid Market Outlook, By Electronic Hydrofluoric Acid (2019-2028) ($MN)
Table 16 Global Hydrofluoric Acid Market Outlook, By Application (2019-2028) ($MN)
Table 17 Global Hydrofluoric Acid Market Outlook, By Steel Pickling and Metal Treatment (2019-2028) ($MN)
Table 18 Global Hydrofluoric Acid Market Outlook, By Fluorochemicals (2019-2028) ($MN)
Table 19 Global Hydrofluoric Acid Market Outlook, By Oil Refining (2019-2028) ($MN)
Table 20 Global Hydrofluoric Acid Market Outlook, By Glass Etching and Cleaning (2019-2028) ($MN)
Table 21 Global Hydrofluoric Acid Market Outlook, By Fluorinated Derivatives (2019-2028) ($MN)
Table 22 Global Hydrofluoric Acid Market Outlook, By Uranium Fuel Production (2019-2028) ($MN)
Table 23 Global Hydrofluoric Acid Market Outlook, By Petroleum Catalyst (2019-2028) ($MN)
Table 24 Global Hydrofluoric Acid Market Outlook, By Fluorocarbon Production (2019-2028) ($MN)
Table 25 Global Hydrofluoric Acid Market Outlook, By Organofluorine Compounds (2019-2028) ($MN)
Table 26 Global Hydrofluoric Acid Market Outlook, By Refining (2019-2028) ($MN)
Table 27 Global Hydrofluoric Acid Market Outlook, By Organic Synthesis (2019-2028) ($MN)
Table 28 Global Hydrofluoric Acid Market Outlook, By Integrated Circuit (2019-2028) ($MN)
Table 29 Global Hydrofluoric Acid Market Outlook, By Glass Product (2019-2028) ($MN)
Table 30 Global Hydrofluoric Acid Market Outlook, By Solar Energy (2019-2028) ($MN)
Table 31 Global Hydrofluoric Acid Market Outlook, By Monitor Panel (2019-2028) ($MN)
Table 32 Global Hydrofluoric Acid Market Outlook, By Other Applications (2019-2028) ($MN)
Table 33 Global Hydrofluoric Acid Market Outlook, By Agrochemicals (2019-2028) ($MN)
Table 34 Global Hydrofluoric Acid Market Outlook, By Pharmaceutical Products (2019-2028) ($MN)
Table 35 Global Hydrofluoric Acid Market Outlook, By Consumer Products (2019-2028) ($MN)
Table 36 Global Hydrofluoric Acid Market Outlook, By End User (2019-2028) ($MN)
Table 37 Global Hydrofluoric Acid Market Outlook, By Chemical Processing (2019-2028) ($MN)
Table 38 Global Hydrofluoric Acid Market Outlook, By Electrical & Electronics (Microelectronic Industry) (2019-2028) ($MN)
Table 39 Global Hydrofluoric Acid Market Outlook, By Oil & Gas (2019-2028) ($MN)
Table 40 Global Hydrofluoric Acid Market Outlook, By Pharmaceuticals (2019-2028) ($MN)
Table 41 Global Hydrofluoric Acid Market Outlook, By Semiconductor Industry (2019-2028) ($MN)
Table 42 Global Hydrofluoric Acid Market Outlook, By Glass Industry (2019-2028) ($MN)
Table 43 Global Hydrofluoric Acid Market Outlook, By Refrigerant Industry (2019-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.


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