Hydrofluoric Acid Market by Grade (Anhydrous, and Diluted Hydrofluoric Acid (Above 50%, and Below 50% Concentration)), Application (Fluorocarbons, Fluorinated Derivatives, Metal Pickling, Glass Etching), and Region - Global Forecast to 2023

  • ID: 4587501
  • Report
  • Region: Global
  • 116 Pages
  • Markets and Markets
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The Hydrofluoric Acid Market is Expected to be 1.6 Million Tons in 2018 and is Projected to Reach 2.1 Million Tons by 2023, at a CAGR of 5.5% Between 2018 and 2023

FEATURED COMPANIES

  • Daikin
  • Fluorchemie Group
  • Fujian Longfu Chemical
  • Honeywell International
  • Mexichem
  • Sinochem Group
  • MORE

“Hydrofluoric acid market expected to register CAGR of 5.5% during forecast period.”

The hydrofluoric acid market is expected to be 1.6 million tons in 2018 and is projected to reach 2.1 million tons by 2023, at a CAGR of 5.5% between 2018 and 2023. Hydrofluoric acid is a clear, colorless, fuming liquid with a sharp, pungent odor. It is manufactured by the reaction of fluorspar with concentrated sulfuric acid at a temperature of 509° F. The growing demand for hydrofluorocarbons (HFCs) and hydrofluoroolefins (HFOs) and the increasing demand for fluorine compounds from several industries are the major factors driving the global hydrofluoric acid market during the forecast period. However, the stringent regulations on the use of fluorocarbon refrigerants may act as a restraint for the hydrofluoric acid market.

“Anhydrous hydrofluoric acid estimated to be the fastest-growing grade of hydrofluoric acid during the forecast period.”

Anhydrous hydrofluoric acid (AHF) is projected to witness the highest growth during the forecast period. The rising demand of this grade in the fluorocarbon production, fluorinated derivative production, and oil refining applications is expected to raise the consumption of AHF globally. Moreover, the rising demand for fluorocarbons such as HFCs and HFOs is expected to make this grade one of the most widely used hydrofluoric acid grades.

“Fluorocarbon production application estimated to accounted for the largest share of the hydrofluoric acid market during the forecast period”

The fluorocarbon production application segment is estimated to account for a major share of the overall hydrofluoric acid market during the forecast period due to the large demand for hydrofluoric acid for the manufacture of fluorocarbons. Moreover, the growing demand for fluorocarbon-based refrigerants is expected to lead to the growth of hydrofluoric acid market during the forecast period.

“Asia Pacific is estimated to be the fastest-growing market for hydrofluoric acid during the forecast period.”

Asia Pacific is estimated to be the fastest-growing market for hydrofluoric acid during the forecast period due to the increasing fluorocarbon production in the region. Additionally, the increasing production of fluorinated derivatives and metals is another factor driving the growth of the hydrofluoric acid market in this region. China is projected to be the fastest-growing market for hydrofluoric acid in Asia Pacific, followed by India and Japan.
Extensive primary interviews were conducted to determine and verify the market size for several segments and subsegments and information gathered through secondary research.

The break-up of primary interviews is given below:

  • By Company Type: Tier 1-55%, Tier 2-30%, and Tier 3-15%
  • By Designation: Director Level-21%, C Level-23%, and Others*-56%
  • By Region: Asia Pacific-45%, Europe-27%, North America-15%, South America-7%, and Middle East & Africa-6%

Note: The tiers of the companies are defined on the basis of their total revenue, as of 2017: Tier 1 = >USD 500 million, Tier 2 = USD 100 million to USD 500 million and Tier 3 = <USD 100 million.

Others includes sales managers, marketing managers, and product managers.

The companies profiled in this market research report include Honeywell International (US), Daikin (Japan), Solvay (Belgium), Dongyue Group (China), Mexichem (Mexico), Sinochem Group (China), LANXESS (Germany), Yingpeng Group (China), Fluoride Chemical (China), and Fluorchemie Group (Germany).

Research Coverage:

This research report categorizes the hydrofluoric acid market on the basis of grade, application, and region. The report includes detailed information regarding the major factors influencing the growth of the hydrofluoric acid market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into business overviews, products, key strategies, expansions, and recent developments associated with the market.

Reasons to Buy the Report:

The report will help market leaders/new entrants in this market in the following ways:

  • This report segments the hydrofluoric acid market comprehensively and provides the closest approximations of market sizes for the overall market and subsegments across verticals and regions.
  • The report will help stakeholders understand the pulse of the market and provide them with information on the key market drivers, restraints, challenges, and opportunities.
  • This report will help stakeholders understand major competitors and gain insights to enhance their position in the business. The competitive landscape section includes expansions, acquisitions, and mergers.
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FEATURED COMPANIES

  • Daikin
  • Fluorchemie Group
  • Fujian Longfu Chemical
  • Honeywell International
  • Mexichem
  • Sinochem Group
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Years Considered for the Study
1.4 Unit Considered
1.5 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Breakdown of Primary Interviews
2.2 Market Size Estimation
2.3 Data Triangulation
2.4 Assumptions and Limitations
2.4.1 Assumptions
2.4.2 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Hydrofluoric Acid Market
4.2 Hydrofluoric Acid Market in APAC, By Application and Country
4.3 Hydrofluoric Acid Market, By Grade
4.4 Hydrofluoric Acid Market, By Application
4.5 Hydrofluoric Acid Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Hydrofluorocarbons (Hfcs) and Hydrofluorolefins (Hfos)
5.2.1.2 Increased Demand for Fluorine Compounds in Several Industries
5.2.2 Restraints
5.2.2.1 Stringent Regulations on the Use of Fluorocarbon Refrigerants
5.2.3 Opportunities
5.2.3.1 Increasing Glass Etching and Cleaning Applications in
5.2.4 Challenges
5.2.4.1 Hazardous Effects of Hydrofluoric Acid
5.2.4.2 High Transportation Cost of AHF Grade
5.3 Macroeconomic Overview
5.3.1 Introduction
5.3.2 Gdp Growth Rate and Forecast of Major Economies
5.3.3 Chemical Industry Analysis
5.3.4 Semiconductor Industry Analysis

6 Hydrofluoric Acid Market, By Grade
6.1 Introduction
6.2 AHF
6.3 DHF (Above 50% Concentration)
6.4 DHF (Below 50% Concentration)

7 Hydrofluoric Acid Market, By Application
7.1 Introduction
7.2 Fluorocarbon Production
7.3 Fluorinated Derivative Production
7.4 Metal Pickling
7.5 Glass Etching and Cleaning
7.6 Oil Refining
7.7 Uranium Fuel Production
7.8 Others

8 Hydrofluoric Acid Market, By Region
8.1 Introduction
8.2 APAC
8.2.1 China
8.2.2 Japan
8.2.3 India
8.2.4 South Korea
8.2.5 Taiwan
8.2.6 Rest of APAC
8.3 North America
8.3.1 US
8.3.2 Canada
8.3.3 Mexico
8.4 Europe
8.4.1 Germany
8.4.2 France
8.4.3 UK
8.4.4 Russia
8.4.5 Italy
8.4.6 Rest of Europe
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 South Africa
8.6.3 Rest of Middle East & Africa

9 Company Profiles
9.1 Dongyue Group
9.2 Daikin
9.3 Honeywell International
9.4 Solvay
9.5 Mexichem
9.6 Lanxess
9.7 Sinochem Group
9.8 Yingpeng Group
9.9 Fluoride Chemical (Dufdo Chemical)
9.10 Fluorchemie Group
9.11 Other Market Players
9.11.1 Fujian Shaowu Yongfei Chemical
9.11.2 Sanmei
9.11.3 Morita Chemical Industries
9.11.4 Gulf Fluor
9.11.5 Fubao Group
9.11.6 Fujian Longfu Chemical
9.11.7 Shaowu Huaxin Chemical Industry
9.11.8 Navin Fluorine International Ltd. (NFIL)
9.11.9 SRF
9.11.10 Tanfac Industries Limited

10 Appendix
10.1 Insights From Industry Experts
10.2 Knowledge Store: Subscription Portal
10.3 Introducing RT: Real-Time Market Intelligence
10.4 Available Customizations
10.5 Related Reports
10.6 Author Details

List of Tables
Table 1 Schedule for Eliminating HCFCs: Reduction Rate (%)
Table 2 Schedule for Eliminating Hfcs: Reduction Rate (%)
Table 3 Trends and Forecast of Gdp Growth Rate, By Country, 2015-2022
Table 4 Properties of Major Grades of Hydrofluoric Acid
Table 5 Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 6 AHF Market Size, By Region, 2016-2023 (Kiloton)
Table 7 DHF (Above 50% Concentration) Market Size, By Region, 2016-2023 (Kiloton)
Table 8 DHF (Below 50% Concentration) Market Size, By Region, 2016-2023 (Kiloton)
Table 9 Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 10 Properties of the Most Commonly Used Fluorocarbons
Table 11 Hydrofluoric Acid Market Size in Fluorocarbon Production Application, By Region, 2016-2023 (Kiloton)
Table 12 Hydrofluoric Acid Market Size in Fluorinated Derivative Production Application, By Region, 2016-2023 (Kiloton)
Table 13 Hydrofluoric Acid Market Size in Metal Pickling Application, By Region, 2016-2023 (Kiloton)
Table 14 Hydrofluoric Acid Market Size in Glass Etching and Cleaning Application, By Region, 2016-2023 (Kiloton)
Table 15 Hydrofluoric Acid Market Size in Oil Refining Application, By Region, 2016-2023 (Kiloton)
Table 16 Hydrofluoric Acid Market Size in Uranium Fuel Production, By Region, 2016-2023 (Kiloton)
Table 17 Hydrofluoric Acid Market Size in Other Applications, By Region, 2016-2023 (Kiloton)
Table 18 Hydrofluoric Acid Market Size, By Region, 2016-2023 (Kiloton)
Table 19 APAC: Hydrofluoric Acid Market Size, By Country, 2016-2023 (Kiloton)
Table 20 APAC: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 21 APAC: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 22 China: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 23 China: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 24 Japan: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 25 Japan: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 26 India: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 27 India: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 28 South Korea: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 29 South Korea: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 30 Taiwan: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 31 Taiwan: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 32 Rest of APAC: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 33 Rest of APAC: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 34 North America: Hydrofluoric Acid Market Size, By Country, 2016-2023 (Kiloton)
Table 35 North America: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 36 North America: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 37 US: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 38 US: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 39 Canada: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 40 Canada: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 41 Mexico: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 42 Mexico: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 43 Europe: Hydrofluoric Acid Market Size, By Country, 2016-2023 (Kiloton)
Table 44 Europe: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 45 Europe: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 46 Germany: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 47 Germany: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 48 France: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 49 France: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 50 UK: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 51 UK: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 52 Russia: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 53 Russia: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 54 Italy: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 55 Italy: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 56 Rest of Europe: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 57 Rest of Europe: Hydrofluoric Acid Market Size, By Application,2016-2023 (Kiloton)
Table 58 South America: Hydrofluoric Acid Market Size, By Country, 2016-2023 (Kiloton)
Table 59 South America: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 60 South America: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 61 Brazil: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 62 Brazil: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 63 Argentina: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 64 Argentina: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 65 Rest of South America: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 66 Rest of South America: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 67 Middle East & Africa: Hydrofluoric Acid Market Size, By Country, 2016-2023 (Kiloton)
Table 68 Middle East & Africa: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 69 Middle East & Africa: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 70 Saudi Arabia: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 71 Saudi Arabia: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 72 South Africa: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 73 South Africa: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)
Table 74 Rest of Middle East & Africa: Hydrofluoric Acid Market Size, By Grade, 2016-2023 (Kiloton)
Table 75 Rest of Middle East & Africa: Hydrofluoric Acid Market Size, By Application, 2016-2023 (Kiloton)

List of Figures
Figure 1 Hydrofluoric Acid Market Segmentation
Figure 2 Hydrofluoric Acid Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Hydrofluoric Acid Market: Data Triangulation
Figure 6 AHF to Be the Largest Grade in the Hydrofluoric Acid Market
Figure 7 Fluorocarbon Production to Be the Largest Application
Figure 8 APAC Accounted for the Largest Market Share
Figure 9 Increasing Demand From Various Applications to Drive the Hydrofluoric Acid Market
Figure 10 China Was the Largest Hydrofluoric Acid Market in 2017
Figure 11 AHF to Be the Largest Grade Between 2018 and 2023
Figure 12 Fluorinated Derivative Production to Be the Fastest-Growing Application
Figure 13 China to Be the Largest Hydrofluoric Acid Market
Figure 14 Overview of Factors Governing the Hydrofluoric Acid Market
Figure 15 Global Chemical Sales, 2016
Figure 16 Leading Countries in Chemical Industry, 2016
Figure 17 Global Semiconductor Sales, 2014-2017
Figure 18 Semiconductor Market Share of Companies Based in the Us and Row, 2015
Figure 19 Global Semiconductor Fabrication CAPACity, 2015
Figure 20 AHF Led the Market in 2017, By Volume
Figure 21 APAC to Be the Largest Market for AHF, 2018-2023
Figure 22 APAC to Be the Largest Market for DHF (Above 50% Concentration)
Figure 23 APAC to Be the Largest Market for DHF (Below 50% Concentration)
Figure 24 Fluorocarbon Production Was the Leading Application of Hydrofluoric Acid in 2017
Figure 25 APAC to Be the Fastest-Growing Hydrofluoric Acid Market in Fluorocarbon Production Application
Figure 26 APAC to Be the Largest Hydrofluoric Acid Market in Fluorinated Derivative Production Application
Figure 27 APAC to Be the Largest Hydrofluoric Acid Market in Metal Pickling Application
Figure 28 APAC to Be the Largest Hydrofluoric Acid Market in Glass Etching and Cleaning Application
Figure 29 APAC to Be the Largest Hydrofluoric Acid Market in Oil Refining Application
Figure 30 APAC to Be the Largest Hydrofluoric Acid Market in Uranium Fuel Production Application
Figure 31 APAC to Be the Largest Hydrofluoric Acid Market in Other Applications
Figure 32 Regional Snapshot: Hydrofluoric Acid Market
Figure 33 APAC: Hydrofluoric Acid Market Snapshot
Figure 34 China: Hydrofluoric Acid Market Snapshot
Figure 35 North America: Hydrofluoric Acid Market Snapshot
Figure 36 US: Hydrofluoric Acid Market Snapshot
Figure 37 Dongyue Group: Company Snapshot
Figure 38 Daikin: Company Snapshot
Figure 39 Honeywell International: Company Snapshot
Figure 40 Solvay: Company Snapshot
Figure 41 Mexichem: Company Snapshot
Figure 42 Lanxess: Company Snapshot

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  • Daikin
  • Dongyue Group
  • Fluorchemie Group
  • Fluoride Chemical (Dufdo Chemical)
  • Fubao Group
  • Fujian Longfu Chemical
  • Fujian Shaowu Yongfei Chemical
  • Gulf Fluor
  • Honeywell International
  • Lanxess
  • Mexichem
  • Morita Chemical Industries
  • Navin Fluorine International Ltd. (NFIL)
  • Sanmei
  • Shaowu Huaxin Chemical Industry
  • Sinochem Group
  • Solvay
  • SRF
  • Tanfac Industries Limited
  • Yingpeng Group
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