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Hydrofluoric Acid Market by Grade, Application And Region - Global Forecast to 2023

Hydrofluoric Acid Market: Global Forecast until 2023

  • July 2018
  • 116 pages
  • ID: 5473530
In this report:
The market size of hydrofluoric acid in South Africa is expected to reach ##.## kilotons in 2018, and is projected to reach ##.## kilotons by 2023, at a CAGR of ##.##% between 2018 and 2023.
The market size of hydrofluoric acid in India is expected to reach ##.## kilotons in 2018 and is projected to reach ##.## kilotons by 2023, at a CAGR of ##.##% between 2018 and 2023.

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Hydrofluoric acid market anticipated to register Compound annual growth rate of 5.50 percent during forecast period.

The hydrofluoric acid market is anticipated to be 1.6 million tons in 2018 and is projected to extend 2.1 million tons by 2023, at a compound annual growth rate (CAGR) of 5.50 percent 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 increasing demand for hydrofluorocarbons and hydrofluoroolefins and the growing demand for fluorine compounds from various sectors are the key factors driving the overall hydrofluoric acid market during the estimate period. Nevertheless, the stringent regulations on the use of fluorocarbon refrigerants may act as a restraint for the hydrofluoric acid market.

Anhydrous hydrofluoric acid expected to be the quickest-rising grade of hydrofluoric acid during the outlook period.

Anhydrous hydrofluoric acid is forecasted to witness the highest increase during the estimate period.The growing demand of this grade in the fluorocarbon production, fluorinated derivative production, and oil refining applications is anticipated to raise the consumption of AHF globally.

Also, the increasing demand for fluorocarbons including HFCs and HFOs is anticipated to make this grade one of the most widely used hydrofluoric acid grades.

Fluorocarbon production application projected to accounted for the biggest share of the hydrofluoric acid market during the outlook period

The fluorocarbon production application segment is expected to account for a main share of the global hydrofluoric acid market during the forecast period due to the big demand for hydrofluoric acid for the manufacture of fluorocarbons. Furthermore, the increasing demand for fluorocarbon-based refrigerants is anticipated to lead to the increase of hydrofluoric acid market during the estimate period.

APAC is intended to be the quickest rising market for hydrofluoric acid during the outlook period.

Asia-Pac is forecasted to be the quickest increasing market for hydrofluoric acid during the forecast period due to the rising fluorocarbon production in the territory.On top of, the growing production of fluorinated derivatives and metals is another factor driving the rise of the hydrofluoric acid market in this area.

China (CN) is forecasted to be the quickest developing market for hydrofluoric acid in Asia Pacific (APAC), succeeded by India (IN) and Japan (JP).

Extensive primary audit sessions were conducted to determine and verify the market value for various segments and sub-segments and data collected by secondary research.

The break-up of primary interviews is presented below:

• By Company category: Tier 1-55.0 percent, Tier 2-30.0 percent, and Tier 3-15.0 percent

• By Description: Director Level-21%, C Level-23%, and Others*-56%

• By Area: Asia Pacific-45%, Europe-27%, North America-15%, South America-7%, and Middle East (ME) & Africa-6%

Note: The tiers of the firms are defined on the basis of their final revenue, as of 2017: Tier 1 = >USD 500 million, Tier 2 = $100.0M to $500.0M and Tier 3 =

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

The firms decribed in this research report contain Honeywell International, Daikin, Solvay, Dongyue Group, Mexichem, Sinochem Group, LANXESS, Yingpeng Group, Fluoride Chemical, and Fluorchemie Group.

Segment Research

This market research classifies the hydrofluoric acid market based on grade, application, and area.The study includes exhaustive information concerning the main factors influencing the increase of the hydrofluoric acid market including drivers, industry restraints, opportunities, and possibilities.

An in-depth study of the main industry actors has been done to furnish industry insights into business overviews, products, top strategies, business growths, and recent evolutions combined with the sector.

Reasons to Buy the Report

This study will help the industry leaders (and new entrants) in the following points:

1. This document breaks down the hydrofluoric acid market comprehensively and offers the closest approximations of market sizes for the global market and sub-segments across verticals and localities.

2. The market research will facilitate partners distinguish the pulse of the sector and offer them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. This industry report will facilitate partners comprehend main competitors and obtain business insights to improve their rank in the business sector. The competitive outlook section includes business developments, acquisitions, and mergers.

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