From 2013 to 2015, the production of hydrogen fluoride in Finland was nonexistent. Starting in 2016, there was a significant increase, with production reaching 13,874,000 kilograms. This upward trend continued, culminating in a production volume of 40,298,000 kilograms by 2023. The year-by-year variations indicate substantial year-on-year growth, notably a 45.44% increase in 2021 and a 48.27% rise in 2022, suggesting a robust growth trajectory. The compound annual growth rate (CAGR) over the last five years stood at a notable 18.27%.
Key points:
- 2017: 13.41% year-on-year growth
- 2018: 10.67% year-on-year growth
- 2019: -3.06% year-on-year decline
- 2020: -1.55% year-on-year decline
- 2021: 45.44% year-on-year growth, 11.74% five-year CAGR
- 2022: 48.27% year-on-year growth, 17.9% five-year CAGR
- 2023: 12.45% year-on-year growth, 18.27% five-year CAGR
- Forecast for 2028: 6.79% five-year forecast CAGR, 38.88% five-year forecast growth rate
The forecast data from 2024 to 2028 shows a continuous growth in production, with the annual volume projected to reach 62,163,000 kilograms by 2028. Future trends to watch for include technological advancements in hydrogen fluoride production and increased industrial demand, which could further drive growth.
