Bharat Book Bureau Provides the Trending Market Research Report on “Hydrofluoric Acid Market by Grade (AHF, DHF (above 50% concentration) and DHF (below 50% concentration)), Application, and Region (Asia Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2027”under Chemicals Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
The Hydrofluoric Acid Market is approximated to be USD 3.4 billion in 2022, and it is projected to reach USD 4.5 billion by 2027 at a CAGR of 5.9%. Out of three grades (AHF, DHF (Above 50% Concentration), and DHF (Below 50% Concentration), AHF has the largest market share because of it is used as a feedstock in the production of fluorocarbons. Apart from this, it is also used in the manufacturing of organic and inorganic fluorine compounds, and as a catalyst in oil refineries for alkylation processes. Rising urbanization, increasing income levels, improving living standards, which helps in rising the demands from various end-use industries such as electronic, semiconductor, etc., and helps in boosting the demand for AHF grade in the forecast period.
By
Grade, AHF accounted for the highest CAGR during the forecast period.
AHF
stands for Anhydrous Hydrofluoric Acid, which is a clear, and colorless gas
which is mainly produced the reaction of sulphuric acid with dry fluorspar in
the Prereactor and this reaction is completed in an indirectly heated rotary
kiln. This reaction is an endothermic reaction,which indicates the continuous
requirement of the heat in order to complete the reaction. It is used as a main
feedstock in the production of fluorocarbons which can be used in refrigeration
systems. Rising urbanization, improving living standards, rising income levels,
and others attributes to rise the demand of this grade in the forecast period.
By
Application, Production of Fluorinated Derivatives segment accounted for the
highest CAGR during the forecast period
Hydrofluoric
acid is widely used in the manufacturing of fluorinated derivatives. It is used
in the several applications such as, fluorine-containing compounds, such as
fluorocarbons, fluoropolymers, and fluorinated solvents. These compounds are
used in various end-use industries such as: electronics, automotive, and
aerospace. However, the handling and storage of hydrofluoric acid can be
hazardous, and appropriate safety measures must be taken to prevent accidental
exposure. Rising income levels, improving living standards, and others, helps
in fuelling the demand for hydrofluoric acid during the forecast period.
Asia
Pacific is projected to account for the highest CAGR in the hydrofluoric acid
market during the forecast period
The
fastest-growing hydrofluoric acid market is expected to occur in the Asia
Pacific region. The various countries which are covered in this region are
India, China, Japan, South Korea, Taiwan and the Rest of Asia Pacific.
Countries such as India, China, and Japan are expected to rise in the
hydrofluoric acid market due to growing developmental activities and rapid
economic expansion. In addition, rising urbanization in these countries results
in growing demands for residential & non-residential structures, refrigeration
systems, energy demands, and raises the demands for several end-use application
segments such as electronic industries, semiconductor industry, and others
which led to the growth of the hydrofluoric acid market in
the forecast period.
Further in-depth interviews were conducted with the Chief Experience Officer (CXO), Managers, Marketing Officers, Production Officers, and other related key executives from various key companies and organizations operating in the hydrofluoric acid market.
By
Department: Sales/Export/Marketing: 53.5%, Production:
23.3%, and CXOs: 23.3%
By
Designation: Managers: 60.5%, CXOs: 23.3%, and Executives: 16.3%
By
Region: North America: 33%, Europe: 27%, Asia Pacific: 25%, Middle East &
Africa: 10%, and South America: 5%.
Companies Covered: Honeywell International Inc.(US), Solvay (Belgium), Stella Chemifa Corporation (Japan), Daikin (Japan) and Lanxess (Germany), Merck KGaA (Germany), Dongyue Group Ltd (China), Orbia (Mexico), Yingpeng Group (China), Fluorchemie Group (Germany).
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https://www.bharatbook.com/report/1407789/hydrofluoric-acid-market-by-grade-ahf-dhf-above-concentration-and-dhf-below-concentration-application-and-region-asia-pacific-north-america-europe-south-america-middle-east-africa-global-forecast-to
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