Hydrofluoric Acid Market Analysis By Reports and Data

1. Hydrofluoric Acid Market To Reach USD 2.42 Million By 2026 www.reportsanddata.com sales@reportsanddata.com

2. Market Summary Increasing demand for hydrofluoric acid from the production of fluorocarbons and fluorinated derivatives applications and an increasing manufacturing base in the Middle East and Asia Pacific regions are key factors contributing to high CAGR of Hydrofluoric Acid during the forecast period. Market Size – USD 1.60 million in 2018, Market Growth - CAGR of 5.3%, Market Trends – rapid growth of Metal Pickling application, steady demand from APAC nations According to the current analysis of Reports and Data, The global Hydrofluoric Acid (HF) market was valued at USD 1.60 million in 2018 and is expected to reach USD 2.42 million by the year 2026, at a CAGR of 5.3%.   

3. Our Approach Market Summary This market is likely to follow a modest growth route with its drivers and restraints in place. Hydrofluoric acid produced by treatment of fluorite with sulfuric acid. It used in various industries such as mining, chemicals, refining, silicon chip fabrication, and others. Fluorocarbons which are the major types of refrigerants used globally are the most significant application segment of this acid. Despite having several advantages, 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. Moreover, there are environmental concerns as well because of the hazardous effects of Hydrofluoric Acid. It is because of these reasons that this market does not have a smoothly rising CAGR over the forecast years. Key Participants includes Honeywell International, Solvay, Mexichem, YingPeng Chemicals, Dongyue Group, Do-Fluoride Chemicals, Dupont, Solvay, Sinochem Group, LantianFluorchemie, Juhua Group (KAISN), SANMEI, Stella, Chemifa, ShaoWu, Daikin, Lanxess, and YongFei. Request for a sample of this research report @ https://www.reportsanddata.com/sample-enquiry-form/1834

4. Our Approach Market Summary Further key findings from the report suggest Hydrofluoric acid majorly used as an intermediate material for the production of a number of a fluorochemical which used as a refrigerant and air conditioning agent. It can use in the anhydrous form - anhydrous hydrofluoric acid (AHF) - or the dilute form - aqueous hydrofluoric acid. The dilution ratio can vary as per the requirements. It is a significant input for this application. Metal Pickling, which is expected to register a CAGR of almost 5% during the forecast years, will add a lot to the demand for Hydrofluoric Acid. The acid has a property of dissolving oxides and other impurities, and, hence, used at several stages in the processing of metals such as carbon steel, stainless steel, and titanium. Hydrofluoric acid used as to producing several fluorinated derivatives such as fluoride, fluoropolymers, and Fluorosurfactants. The significant fluorides produced using hydrofluoric acid are Na3AlF6 and AlF3. These, in turn, have a high demand due to the expanding aluminum industry. To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hydrofluoric-acid-market

5. Our Approach Market Summary Globally, from a regional perspective, China is anticipated to lead the global Market, both in terms of value (US$ ) and volume (MT) owing to readily available raw material and workers at a low price, so that the manufacturers can offer their products at relatively lower prices. Increase in growth for fluorochemicals refrigerant and air conditioning system is expected to create significant opportunities in the market. Additionally, India is also anticipated to expand their production facilities at a relatively higher growth rate during the forecast period. Europe is expected to witness for sluggish growth due to the stringent regulations on the use of fluorochemical and its derivatives. However, the consumption of hydrofluoric acid (HF) is anticipated to exhibit low volume and high growth in the coming forecast period. For the purpose of this study, Reports and Data have segmented the market on the basis of grade, application, and region: Grade (Revenue in USD Million) (Volume in tons) (2016–2026) Anhydrous Aqueous

6. Our Approach Market Summary Application (Revenue in USD Million) (Volume in tons) (2016–2026) Fluorocarbon Production Fluorinated Derivative Production Metal Pickling Glass Etching and Cleaning Oil Refining Uranium Fuel Production Others Regional Outlook (Revenue in USD Million; 2016–2026) North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Colombia) Order Now: https://www.reportsanddata.com/checkout-form/1834

7. Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Contact Us: John Watson Head of Business Development Reports And Data | Web: www.reportsanddata.com Direct Line: +1-212-710-1370 E-mail: sales@reportsanddata.com Our Approach About Us