Hydrofluoric Acid Market Size, Share, Trends, Demand, Segments, Leading Companies and Forecast till 2027
The global hydrofluoric acid market was valued at USD 3.4 billion in 2022 and is projected to reach USD 4.5 billion by 2027, growing at a cagr 5.9% from 2022 to 2027
(EMAILWIRE.COM, March 05, 2024 ) The report "Hydrofluoric Acid Market by Grade (AHF, DHF (above 50% concentration) and DHF (below 50% concentration)), Application, and Region (Asia Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2027", is approximated to be USD 3.4 billion in 2022, and it is projected to reach USD 4.5 billion by 2027, at a CAGR of 5.9%.
Browse in-depth TOC on "Hydrofluoric Acid Market”
200 - Market Data Tables
36 - Figures
190 - Pages
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By Grade, AHF accounted for the largest share During Forecast Period
Anhydrous Hydrofluoric Acid is an acronym of AHF, which is colourless and toxic compound. It is used in several end-use industries including the semiconductor, petroleum refining, and pharmaceutical industries, and others. It is used a main feedstock in the manufacturing of fluorocarbons. Apart from this, it is used in producing the organic and inorganic fluorine compounds, and it is also used as a catalyst in oil refineries for the alkylation process. It is mostly packed in mid-pressure steel cylinders (having a net weight of 330 kg or 660 kg per cylinder) without a fusible stopper. It must be stored in a shed and kept away from the sunlight due to its hazardous effects.
By Application, the Production of fluorocarbons accounted for the largest share During Forecast Period.
Fluorocarbons are those compounds that contains both carbon, hydrogen and fluorine atoms. They are also known as perfluorocarbons (PFCs) when all the hydrogen atoms in the molecule are replaced by fluorine. Fluorocarbon compounds are often used in a variety of industrial and commercial applications due to their unique properties such as their stability, non-reactivity, and low toxicity. Fluorocarbons are mainly manufactured through halogenation process, where hydrocarbons react with fluorine or a fluorine-containing compound to produce fluorocarbons. In the era of technology, most fluorocarbon compounds are manufactured via hydrofluorocarbon (HFC) process, which involves the fluorination of partially fluorinated hydrocarbons.
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Asia Pacific accounted for the largest share of the hydrofluoric acid Market.
Due to rise in increasing developmental activities such as highways, infrastructure, etc, rising urbanization, improving living standards, increasing demands from several applications segments such as production of fluorinated compounds, production of fluorocarbons, oil refining, metal pickling, etc. helps in rising the demands for hydrofluoric acid in the market. Owing to the rising income of people in this region, the demand for electronics goods, consumer goods, the need for residential and non-residential complexes etc., are increasing, which also led the market of hydrofluoric acid in the forecast period.
Hydrofluoric Acid Market Key Players
The hydrofluoric acid market comprises major players such as Honeywell International Inc.(US), Solvay (Belgium), Stella Chemifa Corporation (Japan), Daikin (Japan) and Lanxess (Germany), Merck KGaA (Germany), Dongyue Group Ltd (China), Orbia (Mexico), Yingpeng Group (China), Fluorchemie Group (Germany), and others are covered in the hydrofluoric acid market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the hydrofluoric acid market.
Don't miss out on business opportunities in Hydrofluoric Acid Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=263335999
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Browse in-depth TOC on "Hydrofluoric Acid Market”
200 - Market Data Tables
36 - Figures
190 - Pages
Download PDF brochure of the Report @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263335999
By Grade, AHF accounted for the largest share During Forecast Period
Anhydrous Hydrofluoric Acid is an acronym of AHF, which is colourless and toxic compound. It is used in several end-use industries including the semiconductor, petroleum refining, and pharmaceutical industries, and others. It is used a main feedstock in the manufacturing of fluorocarbons. Apart from this, it is used in producing the organic and inorganic fluorine compounds, and it is also used as a catalyst in oil refineries for the alkylation process. It is mostly packed in mid-pressure steel cylinders (having a net weight of 330 kg or 660 kg per cylinder) without a fusible stopper. It must be stored in a shed and kept away from the sunlight due to its hazardous effects.
By Application, the Production of fluorocarbons accounted for the largest share During Forecast Period.
Fluorocarbons are those compounds that contains both carbon, hydrogen and fluorine atoms. They are also known as perfluorocarbons (PFCs) when all the hydrogen atoms in the molecule are replaced by fluorine. Fluorocarbon compounds are often used in a variety of industrial and commercial applications due to their unique properties such as their stability, non-reactivity, and low toxicity. Fluorocarbons are mainly manufactured through halogenation process, where hydrocarbons react with fluorine or a fluorine-containing compound to produce fluorocarbons. In the era of technology, most fluorocarbon compounds are manufactured via hydrofluorocarbon (HFC) process, which involves the fluorination of partially fluorinated hydrocarbons.
Get Sample Pages of This Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=263335999
Asia Pacific accounted for the largest share of the hydrofluoric acid Market.
Due to rise in increasing developmental activities such as highways, infrastructure, etc, rising urbanization, improving living standards, increasing demands from several applications segments such as production of fluorinated compounds, production of fluorocarbons, oil refining, metal pickling, etc. helps in rising the demands for hydrofluoric acid in the market. Owing to the rising income of people in this region, the demand for electronics goods, consumer goods, the need for residential and non-residential complexes etc., are increasing, which also led the market of hydrofluoric acid in the forecast period.
Hydrofluoric Acid Market Key Players
The hydrofluoric acid market comprises major players such as Honeywell International Inc.(US), Solvay (Belgium), Stella Chemifa Corporation (Japan), Daikin (Japan) and Lanxess (Germany), Merck KGaA (Germany), Dongyue Group Ltd (China), Orbia (Mexico), Yingpeng Group (China), Fluorchemie Group (Germany), and others are covered in the hydrofluoric acid market. Expansions, acquisitions, joint ventures, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the hydrofluoric acid market.
Don't miss out on business opportunities in Hydrofluoric Acid Market. Speak to Our Analyst and gain crucial industry insights that will help your business grow. https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=263335999
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Ashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Website: https://www.marketsandmarkets.com
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results