Hydrofluoric Acid Market Report 2026

The hydrofluoric acid market size has grown strongly in recent years. It will grow from $1.55 billion in 2025 to $1.65 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to expansion of aluminum smelting activities, increasing production of fluorinated chemicals, growth in oil refining applications, rising demand for glass etching processes, availability of industrial-grade hf production.

The hydrofluoric acid market size is expected to see strong growth in the next few years. It will grow to $2.03 billion in 2030 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing semiconductor fabrication capacity, rising demand for high-purity chemicals in electronics, expansion of electric vehicle battery materials processing, growing focus on specialty fluorochemicals, increasing investments in advanced chemical manufacturing. Major trends in the forecast period include growing demand for electronic-grade hydrofluoric acid, rising use in fluorocarbon and fluoropolymer production, increasing adoption in semiconductor etching processes, expansion of aluminum and metal processing applications, enhanced focus on safe handling and storage solutions.

The rising demand from chemical industries is expected to drive the growth of the hydrofluoric (HF) acid market in the coming years. Hydrofluoric acid is a key reagent in the production of fluorine-containing polymers. HF is used to manufacture various organofluorine chemicals such as polytetrafluoroethylene (Teflon), fluorocarbons, and refrigerants including freon. It is also employed in the production of a range of high-volume inorganic fluoride compounds. Hence, the use of hydrofluoric acid in chemical industries is fueling its demand. For instance, in February 2025, according to Atradius N.V., a Netherlands-based trade company, U.S. chemical production grew by 2.1% in 2024, with solid growth projected at 3.8% in 2025 and 2.7% in 2026. Therefore, the increasing demand from chemical industries is supporting the hydrofluoric acid market.

The growing use of industrial and home cleaners is expected to drive the expansion of the hydrofluoric acid market going forward. Hydrofluoric acid is utilized in various over-the-counter products, including toilet bowl cleaners, concrete cleaners, and metal polishes. Therefore, industrial and home cleaners contribute to strengthening the hydrofluoric acid market. For instance, in January 2025, according to PolicyBee, a UK-based independent insurance broker, the UK had 75,565 cleaning businesses in 2023, up from 73,655 in 2022. As a result, the rising use of industrial and home cleaners is expected to propel the growth of the hydrofluoric acid market.

Major companies operating in the hydrofluoric acid market are adopting strategic partnerships approach to produce innovative products. Strategic partnerships help hydrofluoric acid companies by combining resources and expertise, enhancing research and development capabilities, expanding market reach, and accelerating commercialization, ultimately driving innovation and growth in the hydrofluoric acid industry. For instance, in February 2023, Taiwan Semiconductor Manufacturing Company Limited, a Taiwan-based semiconductor manufacturing company, partnered with Suppliers. The aim of TSMC's collaboration with suppliers is to enhance the sustainability of hydrofluoric acid production by using phosphate fertilizer waste, thereby reducing reliance on fluorspar and lowering carbon emissions. This initiative supports TSMC's commitment to green innovation and fostering a low-carbon supply chain in semiconductor manufacturing.

Major companies operating in the hydrofluoric acid market are Stella Chemifa Corp, Solvay SA, Honeywell International Inc, Zhejiang Sanmei Chemical Industry Co., Ltd., Do-Fluoride New Materials Co., Ltd., LANXESS AG, Daikin Industries Ltd., Koura Global, Dongyue Group Co. Limited, Fluorsid Group Srl, A. B. Enterprises, Triveni Interchem Pvt. Ltd., Choice Organochem LLP, Siddhi Vinayak Industries, Wuhan Wanbangde Industrial & Trade Co., Ltd., Xinyi Chemicals Industry Company Ltd., Shanshui Chemicals Industrial Co. Ltd., Sinchem Industry Co. Ltd., Zhejiang Kaisn Fluorochemical Co. Ltd., Coogee, The Chemours Company, Mexichem Brasil, Gulf Fluor LLC, ICL Group Ltd., Orbia, Chemifa Corp.

Asia-Pacific was the largest region in the hydrofluoric acid market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hydrofluoric acid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the hydrofluoric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The hydrofluoric acid market consists of sales of is used to make herbicides and refrigerants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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