Hydrofluoric Acid Market is expected to witness market growth at a rate of 5.6% in the forecast period of 2022 to 2028. Data Bridge Market Research report on hydrofluoric acid market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the demand for high-grade acid is escalating the growth of the hydrofluoric acid market. The hydrofluoric acid market consists of sales of hydrofluoric acid by entities (organizations, sole traders, and partnerships) that are used to make refrigerants, herbicides, pharmaceuticals, high-octane gasoline, aluminum, plastics, electrical components, and fluorescent light bulbs.Hydrogen fluoride is a colorless, fuming liquid or vapor with a powerful, repulsive odor.

A rise in the production level of fluorochemicals in the U.S. and Germany is further favoring the global demand. In the Asia Pacific region, the increasing production of fluorocarbons and the presence of large-scale manufacturers are expected to boost the market growth. The product demand is anticipated to rise in India during the forecast period on the account of the increasing production of aluminum and aluminum products wherein hydrofluoric acid is a key raw material. The global market is highly fragmented with the presence of numerous players in both developed and developing economies. Key players are focusing on mergers and acquisitions to increase their presence throughout the value chain. The majority of the industry players are focusing on product advancements aiming at the development of new products with eco-friendly characteristics to cater to a broader application market.

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Hydrofluoro-olefins and hydrofluorcarbons are also used extensively in refrigerants worldwide due to their high-quality attributes. It is also used in manufacturing aluminum fluoride that has wide application in numerous aluminum products. The key raw materials used to manufacture hydrofluoric acid include fluorspar and sulphuric acid. Fluorspar is a source of fluorine that can be found naturally and artificially with the help of hydrothermal. It is widely used in the manufacturing process of uranium fuel, aluminum, steel, gasoline, refrigerants, and insulating foams among others.

Hydrofluoric Acid Market Report Highlights

·        The anhydrous grade segment accounted for the largest share of the global revenue in 2021 due to the rising demand in various applications, such as surfactants, fluorochemicals, and metal cleaners among others

·        Metal pickling emerged as the fastest-growing application segment in 2021 and is likely to witness a steady CAGR from 2022 to 2029 due to the high growth in steel production in the past few years

·        Fluorocarbon emerged as the largest application segment in 2021 due to the increased production levels across different countries including China, India, the U.S., and Germany

·        Moreover, the rising demand for air conditioning and refrigerating systems is expected to drive the segment

·        Asia Pacific is projected to witness the fastest CAGR over the forecast period due to the abundance of raw material along with the presence of numerous large-scale manufacturers

Highlight of Table of Content:

§  Chapter 1: Market overview

§  Chapter 2: Global hydrofluoric acid market analysis

§  Chapter 3: Regional analysis of the Global hydrofluoric acid market

§  Chapter 4: Market segmentation based on types and applications

§  Chapter 5: Revenue analysis based on types and applications

§  Chapter 6: Market share

§  Chapter 7: Competitive Landscape

§  Chapter 8: Drivers, Restraints, Challenges, and Opportunities

§  Chapter 9: Gross Margin and Price Analysis

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The major players covered in the hydrofluoric acid market report are Dongyue Group, Daikin Airconditioning India Pvt. Ltd., Honeywell International Inc., Solvay, Mexichem, LANXESS, Sinochem, Ying Peng Group, Fluoride Action Network, Fluorchemie, Shaowu Yongfei Chemical Industry Limited Company, Gulf Fluor, Shaowu Huaxin Chemical Industry, Navin Fluorine International Limited, Tanfac Industries Ltd, SRF Limited, Fluoride Chemical, Fubao Group, Merck KGaA, Stella Chemifa Corporation., and MORITA CHEMICAL INDUSTRIES CO., LTD., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Profound Questions Answered in this Report:

·        What is the growth rate of various stages in the value chain of the industry?

·        Which region has the highest growth rate and size of the emerging market by value in 2022?

·        Who are the competitive players in Global hydrofluoric acid Market?

·        Which region has the largest share and degree of competition in the industry?

·        What is the CAGR of the market during the forecast period 2022 to 2029?

·        Which region is expected to hold the highest market share for the market?

·        What is the main driver of the Global hydrofluoric acid market?

·        What is sales volume, revenue, and price analysis of top players of the market?

·        What are the market opportunities and threats faced by the vendors in the industry?

·        What has been the impact of COVID-19 on the Global hydrofluoric acid market?

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