07-Feb-2020 | Facts and Factors
Facts and Factors has authored “Anhydrous Hydrofluoric Acid Market – By Type (>99.90% Anhydrous Hydrofluoric Acid, <99.90% Anhydrous Hydrofluoric Acid) and By Application (Industrial Chemistry, Silicon Chip Manufacturing, Oil Refining, Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2019 - 2026”. Based on our analysis, the global demand for the Anhydrous Hydrofluoric Acid Market in 2019 is approximately USD 4.2 Billion and is anticipated to reach around USD 5.8 Billion by 2026. The anticipated CAGR for the Anhydrous Hydrofluoric Acid market is around 5.1% from 2020 to 2026.
Anhydrous hydrofluoric acid or Anhydrous hydrogen fluoride is an corrosive and inorganic compound with many commercial and industrial applications. Purified calcium fluoride (fluorspar) is heated with concentrated sulfuric acid (H2SO4) and then it produces gas. Later that gas is condensed by dissolving it in water or by cooling finally getting anhydrous hydrogen fluoride. It is a colorless fuming liquid. Anhydrous hydrofluoric acid has a boiling point of 67 degrees Fahrenheit and is very corrosive in nature. It is transported in its liquid form under high pressure and is major source of fluorine for industries. Anhydrous hydrofluoric acid is further divided into two segments based on the type. It is divided on the basis of the concentration of the acid and divided into concentration greater than 99.90% and concentration less than 99.90%. Anhydrous hydrofluoric acid has applications in various industries such as Industrial Chemistry, Silicon Chip Manufacturing, Oil Refining, and Others.
Browse the full “Anhydrous Hydrofluoric Acid Market: By Type (>99.90% Anhydrous Hydrofluoric Acid, <99.90% Anhydrous Hydrofluoric Acid) and By Application (Industrial Chemistry, Silicon Chip Manufacturing, Oil Refining, Others): Global Industry Perspective, Market Size, Statistical Research, Market Intelligence, Comprehensive Analysis, Historical Trends, and Forecasts, 2019–2026” report at https://www.fnfresearch.com/anhydrous-hydrofluoric-acid-market
Rising demand for hydrofluoric acid from fluorocarbon and fluorinated derivative production is one of the driving factors for the anhydrous hydrofluoric acid market. There is a rising demand from various end-user industries for anhydrous hydrofluoric acid and it is anticipated to boost the global anhydrous hydrofluoric acid market. But, government bodies have implemented stringent regulations due to the harmful effect on humans by coming in contact with anhydrous hydrofluoric acid. The United States Environmental protection Agency regulates anhydrous hydrofluoric acid. Similarly, European Chemical Agency imposes regulation on anhydrous hydrofluoric acid. There are various future opportunities for global anhydrous hydrofluoric acid such as the production of uranium compounds using anhydrous hydrofluoric acid.
In the type segment, >99.90% Anhydrous Hydrofluoric Acid category has the largest market share. Highly concentrated hydrofluoric acid is preferred by the end-users. The >99.90% Anhydrous Hydrofluoric Acid had a market share of around 62%. And based on the end-user segment, Industrial Chemistry category has the largest market share and a large amount of anhydrous hydrofluoric acid is used by this industry. It has around 63% of market share followed by Oil Refining Industries with a market share of 20%.
The anhydrous hydrofluoric acid has the highest market concentration in China with a market share of around 37% followed by North America. There are major and large numbers of anhydrous hydrofluoric acid manufacturers in China and this boosts the Chinese anhydrous hydrofluoric acid market. The lowest market share of anhydrous hydrofluoric acid is from South America. Based on the forecast for 2026, China is expected to hold the largest market share.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 4.2 Billion |
Projected Market Size in 2026 |
USD 5.8 Billion |
CAGR Growth Rate |
5.1% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Anhydrous Hydrofluoric Acid market are, Honeywell, Fujian Longfu Chemical Co., Ltd, Solvay, Fujian Shaowu Yongfei Chemical Co., Ltd., Yingpeng Chemical, Gulf Fluor, Sinochem Corporation, Zhejiang Fluorescence Chemical Co., Ltd., Jiangxi Chinafluorine Chemical Co., Ltd., Fubao Group, Air Liquide, Fluorchemie Group, Derivados del Fluor, and Others |
Key Segment |
By Type, End-user, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The major market players of the Anhydrous Hydrofluoric Acid market
Honeywell, Fujian Longfu Chemical Co., Ltd, Solvay, Fujian Shaowu Yongfei Chemical Co., Ltd., Yingpeng Chemical, Gulf Fluor, Sinochem Corporation, Zhejiang Fluorescence Chemical Co., Ltd., Jiangxi Chinafluorine Chemical Co., Ltd., Fubao Group, Air Liquide, Fluorchemie Group, Derivados del Fluor, and others.
This report segments the Anhydrous Hydrofluoric Acid market as follows:
By Type Segment Analysis
- >99.90% Anhydrous Hydrofluoric Acid
- <99.90% Anhydrous Hydrofluoric Acid
By Application Segment Analysis
- Industrial Chemistry
- Silicon Chip Manufacturing
- Oil Refining
- Others
By Regional Segment Analysis
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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