Global Hydrofluoric Acid Market Growth Opportunities, Developments Plans, Competitor Assessment & Forecast 2023-2032 | Major Key Players Are Daikin Industries Ltd., Dongyue Group Co. Limited., China National Chemicals Import & Export Corporation, Yingpeng

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the Hydrofluoric Acid Market report by The Business Research Company, the increasing demand from chemical industries is expected to propel the growth of the hydrofluoric (HF) acid market going forward. In the manufacture of fluorine-containing polymers, hydrofluoric acid is a critical reagent. HF is used to make several organ fluorine chemicals such as polytetrafluoroethylene (Teflon), fluorocarbons, and refrigerants including freon.

The global hydrofluoric acid market size grew from $2.28 billion in 2022 to $2.34 billion in 2023 at a compound annual growth rate (CAGR) of 2.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The hydrofluoric acid market size is expected to grow to $2.62 billion in 2027 at a CAGR of 2.9%.

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Major competitors in the Hydrofluoric Acid Market include Daikin Industries Ltd., Dongyue Group Co. Limited., China National Chemicals Import & Export Corporation, Yingpeng Chemical Co. Ltd., Honeywell International Inc., Stella Chemifa Corp., Koura Global, Lanxess AG, Solvay S.A., Do-Fluoride New Materials Co. Ltd., Shandong Dongyue Chemical Co. Ltd., Zhejiang Juhua Company Limited, DuPont de Nemours Inc., Mexichem S.A.B. de C.V., Sinochem Qingdao Co. Ltd., Fluoride Chemicals Co. Ltd., Fluorchemie Gruppe, Zhejiang Sanmei Chemical Ind.Co. Ltd., Fujian Shaowu Yongfei Chemical Co. Ltd., and Zhejiang Lansu Fluoride Co. Ltd.

The Hydrofluoric Acid Market is segmented -
By Product Type: Electronic Hydrofluoric Acid, Industrial Hydrofluoric Acid
By Grade: Anhydrous, Diluted
By Application: Fluorocarbon, Fluorinated Derivatives, Metal Picking, Glass Etching, Oil Refining, Other Applications
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Hydrofluoric Acid Market.

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Hydrogen fluoride is a colorless, fuming liquid or vapor with a powerful, repulsive odor. It is often transported as a compressed gas in steel cylinders. Hydrogen fluoride solutions are visually indistinguishable from water when diluted and quickly dissolve in water to generate colorless hydrofluoric acid solutions. Hydrofluoric acid is used to make refrigerants, herbicides, pharmaceuticals, high-octane gasoline, aluminum, plastics, electrical components, and fluorescent light bulbs.

The Table Of Content For The Hydrofluoric Acid Market Include:
1. Executive Summary
2. Hydrofluoric Acid Market Characteristics
3. Hydrofluoric Acid Market Trends And Strategies
4. Hydrofluoric Acid Market - Macro Economic Scenario
5. Hydrofluoric Acid Market Size And Growth
……
27. Hydrofluoric Acid Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Hydrofluoric Acid Market
29. Hydrofluoric Acid Market Future Outlook and Potential Analysis
30. Appendix

The "Global Hydrofluoric Acid Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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