Anhydrous Hydrofluoric Acid Market Size, Share, Growth, And Industry Analysis By Type (Content Above 99.99%, Content Above 99.90%, Content Above 99.70 %) By Application (Chemical, Mining & Metallurgical, Etching, Pharmaceuticals and Others), Regional Insights, and Forecast To 2032

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ANHYDROUS HYDROFLUORIC ACID MARKET REPORT OVERVIEW

The global anhydrous hydrofluoric acid market size was USD 3.25 billion in 2024 and market is expected to reach USD 3.9 billion by 2032, at a CAGR of 2.3% during the forecast period. Asia-Pacific is dominating the anhydrous hydrofluoric acid market share in 2024.

The liquefied gas anhydrous hydrogen fluoride, sometimes referred to as anhydrous hydrofluoric acid, has a vapour pressure of 14.1 psia at 70 °F and is toxic, corrosive, and nonflammable. It comes in cylinder form. The gas is colourless, but wet air makes it release a white odour. The reaction with water will produce heat and the very corrosive hydrofluoric acid. It generally has an odour that may be detected at low concentrations and is disagreeable, toxic, and acidic. Direct skin contact can cause severe burns that are not always painful or obvious. Inhaling fumes can cause swelling and congestion in the lungs, which can lead to a collapse of the circulatory system. It is used, among other things, to make ceramics, purify ferrosilicon, quartz, and graphite, pickle metals, etch glass, and create chemical cleaning solutions. Additionally, the solution is used to clean and polish metal surfaces, removing layers and stains from the surface.

It is frequently used in the petrochemical industry to improve fuel efficiency during the alkylation process. As part of the petroleum refining process, hydrofluoric acid alkylation units process alkenes and isobutane (mostly butylene or propylene) to form alkylate, which is subsequently used to make gasoline. The product is also used as a raw material in the production of aluminium, and it is predicted that in the coming years, the anhydrous hydrofluoric acid market share will expand as a result of the increased demand for aluminium products across a range of global industries. It is believed that hydrofluoric acid is a very hazardous and caustic chemical in nature. Inhaling or coming into contact with hydrofluoric acid can have harmful consequences on your health. These limitations may reduce the likelihood that industrial-grade hydrofluoric acid will be employed, which might harm the anhydrous hydrofluoric acid market growth.

COVID-19 IMPACT

"Pandemic-Related Disruptions Might Bring About Opportunities Albeit at a Cost"

The global market for anhydrous hydrofluoric acid has been significantly impacted by the COVID-19 pandemic. The pandemic is anticipated to cause a decline in demand on the market. The pandemic's influence on a number of end-use sectors is anticipated to impede anhydrous hydrofluoric acid market share. As a result of the closure of Chinese production facilities, anhydrous hydrofluoric acid supply has also been hampered. Since it is used to make disinfectants and sanitizers, the COVID-19 pandemic has also significantly increased demand for anhydrous hydrofluoric acid. However, it is anticipated that the anhydrous hydrofluoric acid market size would be influenced by the downturn in economic activity and the decline in demand from the construction and automobile industries.

LATEST TRENDS

"The Expansion of the Worldwide Market has Increased from Rising Demand for Semiconductors Industry"

The need for anhydrous hydrofluoric acid has expanded as the semiconductor industry has grown. Acid is used to etch and clean silicon wafers before they are used to create integrated circuits. The anhydrous hydrofluoric acid market is driven by increased acid use in the production of chemicals based on fluorine as well as expanding semiconductor industry demand. The market for anhydrous hydrofluoric acid is expected to grow in the upcoming years as demand for the chemical increases. The key forces behind this increase will be the chemical's ongoing use in several industries, notably the semiconductor and electronics sectors, as well as the increased demand from developing countries.

ANHYDROUS HYDROFLUORIC ACID MARKET SEGMENTATION

By Type

Depending on anhydrous hydrofluoric acid market given are types: Content above 99.99 %, Content above 99.90 %, Content above 99.70 %. The Content above 99.99 % type will capture the maximum market share through forecast period.

By Application

The market is divided in chemical, mining & metallurgical, etching, pharmaceuticals and others based on application. The global anhydrous hydrofluoric acid market players in cover segment like chemical will dominate the market share during upcoming years.

DRIVING FACTORS

"Robust Glass Industry Demandto Fuel Market Growth"

One of the main reasons propelling the expansion of the anhydrous hydrofluoric acid market growth is the rising demand for anhydrous hydrofluoric acid as a crucial raw material to create fluoride glass and fluoride chemicals. Fiber optic connections and the creation of high-powered lasers are two key uses for fluoride glass. During the projection period, there will likely be a major increase in the demand for fluoride glass. Aluminum fluoride, fluoropolymers, and refrigerants are all made using fluoride compounds. During the projection period, the expansion of the fluoropolymer sector is anticipated to fuel demand for fluoride chemicals, which will then fuel demand for anhydrous hydrofluoric acid.

"Rising Oil and Gas Sector Demand for Anhydrous Hydrofluoric Acid to Drive Market Expansion "

The creation of alkylate, a premium gasoline component, requires hydrofluoric acid. Additionally, it serves as a catalyst in the creation of butane and isobutane, as well as in the refinement of petroleum and the gasification of coal. Sulfuric acid is one of the cheap, readily available raw ingredients that is a major factor in the anhydrous hydrofluoric acid market growth. Prices for anhydrous hydrofluoric acid have decreased as a result of the quantity of raw materials. The demand from end-use industries for anhydrous hydrofluoric acid is anticipated to rise as a result. The largest user of anhydrous hydrofluoric acid is the oil and gas sector. In the oil and gas sector, anhydrous hydrofluoric acid is used to protect vessels and pipelines. Additionally, it serves as a catalyst in the synthesis of alkylate. The oil and gas industry's increasing demand for anhydrous hydrofluoric acid is anticipated to fuel the anhydrous hydrofluoric acid market size over the course of the forecast period.

RESTRAINING FACTORS

"The Strict Laws Governing Its Usage Have Restraint on The Market"

The chemical anhydrous hydrofluoric acid is regarded as being extremely corrosive and hazardous. Because it is so poisonous and corrosive, anhydrous hydrofluoric acid can cause major health issues if it is accidentally spilled. Therefore, governmental organisations control the use of anhydrous hydrofluoric acid in order to safeguard public health and the environment. It has the potential to seriously harm the respiratory system, eyes, and skin. The U.S. Environmental Protection Agency classifies anhydrous hydrofluoric acid as a very dangerous material (EPA). In some industrialised nations, anhydrous hydrofluoric acid is strictly regulated due to its high toxicity and the considerable danger of exposure to the environment and humans. The availability of substitutes like sulfuric acid and hydrochloric acid is also anticipated to hinder the anhydrous hydrofluoric acid market growth.

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ANHYDROUS HYDROFLUORIC ACID MARKET REGIONAL INSIGHTS

"Asia-Pacific to be the Highest Market Share Holder for the Projected Year"

The Asia Pacific region dominated the global market in 2021 with a highest anhydrous hydrofluoric acid market share compared to rest of the regional areas. This is explained by the presence of several fluorocarbon plants in the region. The industry is predicted to grow at the fastest rate over the projection period. China's product demand is benefiting from the country's growing need for metal, electronics, and semiconductors. A rise in usage is also predicted to boost anhydrous hydrofluoric acid market growth in the national defence, industrial, and civil production sectors.

The anhydrous hydrofluoric acid market size in Europe is expected to increase as a result of the rising production of fluorochemicals across the continent. The industry is growing across North America as a result of increased imports and R&D initiatives to develop products that are more environmentally friendly while retaining performance. Even though Central and South America, the Middle East, and Africa produce a lot of anhydrous hydrofluoric acid, they use far less of it than other industrialised regions globally.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Top Anhydrous Hydrofluoric Acid Companies

• Honeywell (U.S)
• Solvay (Belgium)
• Koura (U.S)
• Derivados del Flúor (Spain)
• Airproducts (U.S)
• Morita (Japan)
• Sinochem Lantian (China)
• Sanmei Chemical (China)
• Yingpeng Chemical (China)
• Do-Fluoride Chemicals (China)
• Dongyue Group (China)
• Fujian Shaowu Yongfei Chemical (China)
• Shaowu Huaxin Chemical (China)
• Juhua Group (China)
• 3F (India)
• Fubao Group (China)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.