Global Hydrofluoric Acid Market will grow at CAGR of 5.75% to hit $7077.51 Million by 2026- Analysis by Trends, Size, Share

Chemical And Material
 

 
 
Definition:
Hydrofluoric acid (HF) is an inorganic acid. It is a solution of hydrogen fluoride in water. Hydrofluoric acid is a colorless solution and highly corrosive. It is capable of dissolving many materials, particularly oxides. It is known as contact-poison for its devastating effects on human tissues.
 
Analysis of Global Hydrofluoric Acid Market report:
Global hydrofluoric acid market is expected to rise to an estimated value of USD 7077.51 million by 2026, registering a substantial CAGR of 5.75% in the forecast period of 2019-2026. Increasing demand of hydrofluorocarbons and increasing usage of hydrofluoric acid in various applications is the major factors for the growth of this market.
 
 
Market Drivers:
·         Rising preference of fluorine compounds from various industries is driving the growth of this market
·         Increasing demand for hydrofluorocarbons and hydrofluorolefins is driving the market growth
·         Increasing usage of hydrofluoric acid for the manufacturing of fluorinated derivatives is another factor driving the growth of this market
·         Increasing demand of aluminium from end- users will also accelerate the market
 
Market Restraints:
·         Rising awareness about the dangerous effects of hydrofluoric acid is driving the growth of this market
·         Strict regulations related to the usage of fluorocarbon refrigerants are restraining the market growth
·         Uneven distribution of the raw material used for hydrofluoric acid production will also restrict the market growth
 
Leading Key players profiled in this report are:
Few of the major competitors currently working in global hydrofluoric acid market are Dongyue Group, Daikin Airconditioning India Pvt. Ltd., Honeywell International Inc., Solvay, Mexichem, LANXESS, Sinochem, Ying Peng Group, Fluoride Action Network, Fluorchemie, Shaowu Yongfei Chemical Industry Limited Company, Gulf Fluor, Shaowu Huaxin Chemical Industry, Navin Fluorine International Limited, Tanfac Industries Ltd, SRF Limited and others.
 
Global Hydrofluoric Acid Market Segmentation:
By Grade
·         AHF
·         DHF (Above 50% Concentration)
·         DHF (Below 50% Concentration)
By Application
·         Fluorocarbon Production
·         Fluorinated Derivative Production
·         Metal Pickling
·         Glass Etching and Cleaning
·         Oil Refining
·         Uranium Fuel Production
·         Others
By Type
·         UP Grade
·         UP-S Grade
·         UP-SS Grade
·         EL Grade
By Geography
·         North America
·         South America
·         Europe
·         Asia-Pacific
 
Competitive Analysis:
Global hydrofluoric acid market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of hydrofluoric acid market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
 
 
The Global Hydrofluoric Acid Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Hydrofluoric Acid Market. The industry changing factors for the market segments are explored in this report.  This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
 
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