Hydrofluoric Acid Market - Forecast(2020 - 2025)

Report Code: CMR 0974 Report Format: PDF + Excel (Delivery in 48 Hrs)

Overview

Hydrofluoric Acid Market is forecast to reach $2.29 Million by 2025, after growing at a CAGR of 5.30% during 2020-2025. The increasing demand for hydrofluorocarbons (HFCs) and hydrofluoroolefins (HFOs) and the increasing demand for fluorine compounds from several industries like steel aluminum, petroleum and pharmaceutical are the main factors driving the global market for hydrofluoric acids over the forecast period. The report covers hydrofluoric acid market size by grade and application, hydrofluoric acid market share by top 5 companies and also the market share by start-ups during the forecast period.

Report Coverage

The report: “Hydrofluoric Acid Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Hydrofluoric Acid Market.


Key Takeaways

  • Hydrofluoric acid is used to separate essential metals from mineral ores and wet etching and cleaning of non-ferrous metal pieces. Globally, the growing metal industry is expected to increase the demand for hydrofluoric acid in the application of metal pickling.
  • Increasing glass etching and cleaning application in the semiconductor industry is driving the market of hydrofluoric acid carbons.

By Grade - Segment Analysis

Anhydrous hydrofluoric carbon segment held the largest share in the butane market in 2019. The rising demand of this grade in the fluorinated derivative production, fluorocarbon production, and oil refining applications is expected to raise the consumption of anhydrous hydrofluoric carbon globally. AHF is used as a pickling agent in metal working, to remove the oxides and other impurities from carbon steels because of its ability to dissolve steel.

By Application - Segment Analysis

Fluorocarbons held the largest share in the butane market in 2019. With the growing demand for main kind of refrigerants like hydrofluorocarbons (HFCs) and hydrofluoroolefins (HFOs), the hydrofluoric acid market is estimated to grow during the forecast period.  The fluorides witness high demand from aluminum industry. The increasing production of fluorides is expected to propel the demand for hydrofluoric acid market.

Geography - Segment Analysis

Asia-Pacific dominated the hydrofluoric acid market with a share of more than 45% during the forecast period.  China is projected to be the fastest-growing market for hydrofluoric acid in Asia Pacific, followed by India and Japan due to numerous number of manufacturers. Due to massive demand from chemical and metallurgical industries and actively growing manufacturing base in APAC, it will propel the hydrofluoric acid market during the forecast period.

Drivers – Hydrofluoric Acid Market

  • Increasing usage of Aluminium

Hydrofluroic acid is used in the manufacture of aluminium fluoride which is predominantly used as a raw material for the manufacturing of aluminum. Hence increasing usage of aluminium across various end-use industries such as automotive, packaging will lead to growth of hydrofluoric acid market. It is most commonly used in the field of cooling systems and air conditioning as a raw material and fluorine source.

Challenges – Hydrofluoric Acid Market

  • Fluctuating Raw Material Price of Hydrofluoric Acid and its Unevenly Distribution

Fluorspar is the raw material majorly used in for the production hydrofluoric acid. It is unevenly distributed with more than 40% of the reserves located in China. China has restricted the export of fluorspar to other regions to benefit he local manufacturers, thereby creating negative impact on the profitability and margins of manufactures.

  • Hazardous to health

Hydrofluoric Acid is toxic for individuals, as it can damage the lungs and cornea of eyes permanently. There is considerable concern regarding the workers who have to deal with the acid. In addition, environmental concerns are also present due to the dangerous effects of hydrofluoric acid. Fluorocarbon refrigerants adversely affect the ozone layer of the atmosphere; therefore, various governments and agencies are imposing regulations to limit the use of fluorocarbon refrigerants. Several countries have agreed to phase out the use of HCFCs and HFCs by imposing protocols and regulations to limit their consumption.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the hydrofluoric acid market. In 2019, the market of hydrofluoric acid has been consolidated by the top five players accounting for xx% of the share. Major players in the hydrofluoric acid market are Honeywell International, Daikin, Solvay, Dongyue Group, Mexichem, Sinochem Group, LANXESS, Yingpeng Group, Fluoride Chemical, and Fluorchemie Group among others.

Expansion

  • In November 2017, Dongyue Group inaugurated two companies Shandong Dongyue Public Trading and Guoming Investment Management, in Beijing, China.  This expansion has allowed the company to expand its presence in China.

1. Hydrofluoric Acid Market- Market Overview
    1.1  Definitions and Scope
2. Hydrofluoric Acid Market- Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends by grade
    2.3 Key trends by application 
    2.4 Key trends segmented by geography
3. Hydrofluoric Acid Market- Landscape
    3.1 Comparative analysis 
        3.1.1 Market Share Analysis- Top 10 Companies
        3.1.2 Product Benchmarking- Top 10 Companies
        3.1.3 Top 5 Financials Analysis
        3.1.4 Patent Analysis- Top 10 Companies
        3.1.5 Pricing Analysis
4. Hydrofluoric Acid Market - Startup companies Scenario Premium Premium  
    4.1 Top 10 startup company Analysis by
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Market Shares
        4.1.4 Market Size and Application Analysis
        4.1.5  Venture Capital and Funding Scenario
5. Hydrofluoric Acid Market– Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case studies of successful ventures
    5.4 Customer Analysis - Top 10 companies
6. Hydrofluoric Acid Market- Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Market Opportunities
    6.4 Porters five force model
        6.4.1 Bargaining power of suppliers
        6.4.2 Bargaining powers of customers
        6.4.3 Threat of new entrants
        6.4.4 Rivalry among existing players
        6.4.5 Threat of substitutes 
7. Hydrofluoric Acid Market -Strategic analysis
    7.1 Value chain analysis
    7.2 Opportunities analysis
    7.3 Product life cycle
    7.4 Suppliers and distributors Analysis
8. Hydrofluoric Acid Market– By Grade (Market Size -$Million, KT)
    8.1 Anhydrous Hydrofluoric Acid
    8.2  Diluted Hydrofluoric Acid
9. Hydrofluoric Acid Market– By Application (Market Size -$Million, KT)
    9.1 Fluorocarbons
    9.2  Fluorinated Derivatives
    9.3 Metal Pickling
    9.4 Glass Etching
    9.5 Oil Refining
    9.6 Others
10. Hydrofluoric Acid Market - By Geography (Market Size -$Million / KT)
    10.1 North America 
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 South America
        10.2.1 Brazil
        10.2.2 Argentina
        10.2.3 Chile
        10.2.4 Colombia
        10.2.5 Rest of South America
    10.3 Europe 
        10.3.1 Germany
        10.3.2 United Kingdom
        10.3.3 France
        10.3.4 Italy
        10.3.5 Russia
        10.3.6 Spain
        10.3.7 Rest of Europe
    10.4 APAC 
        10.4.1 China
        10.4.2 Japan
        10.4.3 India
        10.4.4 South Korea
        10.4.5 Rest of APAC
    10.5 RoW 
        10.5.1 Middle East & Africa
11. Hydrofluoric Acid Market- Entropy
12. Hydrofluoric Acid Market- List of Key Companies by Country Premium  
13. Hydrofluoric Acid Market Company Analysis
    13.1 Market Share, Company Revenue, Products, M&A, Developments
    13.2 Company 1
    13.3 Company 2
    13.4 Company 3
    13.5 Company 4
    13.6 Company 5
    13.7 Company 6
    13.8 Company 7
    13.9 Company 8
    13.10  Company 9
    13.11  Company 10 and more
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