H1 2023: Anhydrous Hydrofluoric Acid prices exhibited fluctuating patterns in Asia Pacific region in H1 2023. In January, prices witnessed a significant decline due to ample supply and reduced downstream inquiries, compounded by weak cost support from Fluorite and Sulphuric acid. February 2023 saw a drop in prices in the Chinese market, influenced by sluggish overseas procurement resulting in abundance of inventories. However, by March, market prices stabilized in the region as supply and demand found equilibrium in the downstream metallurgical sector. During this period, a modest improvement in demand outlook, coupled with accelerated production rates, contributed to the market's steadiness. Throughout the second quarter of 2023, Anhydrous hydrofluoric acid prices exhibited a fluctuating pattern in China. In April 2023, the Chinese market witnessed price hike, attributed to favourable cost dynamics stemming from increased feedstock fluorspar. Also, the uptick in demand from the chemical sector favoured the positive pricing. Supply remained stable in Asia. However, the trend shifted in May and June, with prices experiencing a bearish trajectory in Asia. This shift was driven by a notable decrease in feedstock prices. The elevated inventory levels and a moderation in demand from downstream industries during the period of May and June.
The global Anhydrous Hydrofluoric Acid market stood at approximately 1280 thousand tonnes in 2022 and is anticipated to grow at a CAGR of 3.9% during the forecast period until 2032. Anhydrous Hydrofluoric Acid is a crystalline variant of the Hydrogen Fluoride solution, constituting an organofluorine compound. This colourless liquid exhibits acidic properties and possesses high corrosiveness. The primary production method involves the reaction of Fluorspar or Fluorite (CaF2) with concentrated Sulfuric Acid at around 265 degree Celsius.
Anhydrous hydrofluoric acid, or hydrogen fluoride in its anhydrous form, serves as a versatile compound with diverse applications across industries. In chemical synthesis, it acts as a catalyst or reactant, contributing to the production of fluorocarbons and various fluorine-containing compounds. In the petroleum refining sector, it plays a crucial role in the alkylation process, aiding in the creation of high-octane gasoline. Its utility extends to metal pickling, where it is employed to clean and pickle metals like stainless steel and aluminum, removing oxides and scales. Additionally, anhydrous hydrofluoric acid finds application in glass etching and engraving, leveraging its potent etching properties. In electronics manufacturing, it is utilized for cleaning and etching semiconductor materials, particularly silicon wafers. Furthermore, this compound serves as a catalyst in various chemical reactions, notably in isomerization and polymerization processes. While anhydrous hydrofluoric acid proves invaluable in these applications, it demands meticulous handling and adherence to stringent safety protocols due to its highly corrosive and toxic nature. Its significance in chemical processes, metal treatment, and electronic manufacturing underscores its indispensable role in various industrial applications, emphasizing the need for careful and safe utilization.
The chemical industry is the key market driver of Anhydrous Hydrofluoric Acid. It is employed in the chemical industry for the manufacturing processes of fluorinated salts and fluoropolymers. The market for anhydrous hydrofluoric acid is robustly driven by key industries and applications. In the semiconductor and electronics sector, the compound's extensive use in etching and cleaning silicon wafers aligns with the burgeoning demand for electronic devices and the continual growth of the global semiconductor industry. Anhydrous hydrofluoric acid's indispensable roles in glass etching, cleaning, frosting, chemical polishing, and engraving position it as a significant market driver in the glass industry. Its diverse applications contribute to the industry's growth, meeting demands for decorative glassware, architectural features, and precision glass components, driving sustained market expansion. Simultaneously, in the petrochemical industry, anhydrous hydrofluoric acid plays a crucial role in alkylation processes, especially in high-octane gasoline production, driven by the sector's expansion to meet rising energy demands. In the pharmaceutical sector, the compound finds utility in specific chemical processes, capitalizing on the global surge in pharmaceutical demand. These diverse applications collectively position anhydrous hydrofluoric acid as a pivotal component driving growth across crucial industries. The global Anhydrous Hydrofluoric Acid market size is anticipated to reach nearly 1880 thousand tonnes by 2032.
Based on region, Asia Pacific region is the biggest consumer of Anhydrous Hydrofluoric Acid. The Asia Pacific region strategically asserts dominance in the anhydrous hydrofluoric acid market particularly in pivotal sectors such as chemicals, metallurgy, and glass. Countries such as China, India, and South Korea, and Japan, leading the metallurgy domain, fuel significant demand for the compound, central to manufacturing processes. The region's robust electronics industry further amplifies its market influence. Rapid urbanization drives escalating glass demand in construction and automotive sectors, where anhydrous hydrofluoric acid is indispensable. Strategic emphasis on petrochemical and chemical processing, paired with substantial investments in research, infrastructure, and manufacturing facilities, solidifies the region's pivotal role. Overall economic growth and automotive production leadership underscore Asia Pacific's sustained demand, reaffirming its strategic pre-eminence in the anhydrous hydrofluoric acid market.
Based on the end-user industry, the global Anhydrous Hydrofluoric Acid market is divided into Chemical Industry, Mining & Metallurgical Industry, Glass Industry, Pharmaceuticals, and Others. However, Chemical Industry dominates the global Anhydrous Hydrofluoric Acid market followed by Mining & Metallurgical Industry. Construction industry held approximately 36% of the global Anhydrous Hydrofluoric Acid market in 2022.
Major players in the Global Anhydrous Hydrofluoric Acid market are Honeywell, Solvay, Koura, Derivados del Flúor, Airproducts, Morita, Sinochem Lantian, Sanmei Chemical, Yingpeng Chemical, Do-Fluoride Chemicals, Dongyue Group, Fujian Shaowu Yongfei Chemical, and Shaowu Huaxin Chemical.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2024-2032
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Objective of the Study:
• To assess the demand-supply scenario of Anhydrous Hydrofluoric Acid which covers production, demand and supply of Anhydrous Hydrofluoric Acid market in the globe.
• To analyse and forecast the market size of Anhydrous Hydrofluoric Acid
• To classify and forecast Global Anhydrous Hydrofluoric Acid market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Anhydrous Hydrofluoric Acid market in the globe.
To extract data for Global Anhydrous Hydrofluoric Acid market, primary research surveys were conducted with Anhydrous Hydrofluoric Acid manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Anhydrous Hydrofluoric Acid market over the coming years.
ChemAnalyst calculated Anhydrous Hydrofluoric Acid demand in the globe by analyzing the historical data and demand forecast which was carried out considering the production of raw material to produce Anhydrous Hydrofluoric Acid. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Anhydrous Hydrofluoric Acid manufacturers and other stakeholders
• Organizations, forums and alliances related to Anhydrous Hydrofluoric Acid distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Anhydrous Hydrofluoric Acid manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Anhydrous Hydrofluoric Acid market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2022
1280 thousand tonnes
Market size Volume in 2032
1880 thousand tonnes
Growth Rate
CAGR of 3.9% from 2023 to 2032
Base year for estimation
2023
Historic Data
2015 – 2022
Forecast period
2024 – 2032
Quantitative units
Demand in thousand tonnes and CAGR from 2023 to 2032
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Chemical Industry, Mining & Metallurgical Industry, Glass Industry, Pharmaceuticals, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the net market size of Anhydrous Hydrofluoric Acid in terms of volume in 2022
Ans:
The global market size of Anhydrous Hydrofluoric Acid had reached approximately 1280 thousand tonnes in 2022.
Q2.
Which region is the major consumer of Anhydrous Hydrofluoric Acid?
Ans:
Asia Pacific region is the leading consumer of Anhydrous Hydrofluoric Acid globally.
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