Hydrofluoric Acid Market is driven by growing demand from the aluminum industry | Fluorchemie Gruppe, Honeywell International Inc., Lanxess Aktiengesellschaft, Mexichem S.A.B. de C.V.

Global Hydrofluoric Acid Market report from Global Insight Services is the single authoritative source of intelligence on Hydrofluoric Acid Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

Hydrofluoric acid is a colorless, highly corrosive, and toxic acid. It is used in industry to etch glass and metal, and to clean and etch ceramic and porcelain. Hydrofluoric acid is also used in the production of fluorine-containing chemicals, such as refrigerants and fluoropolymers.

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Key Trends

There are three key trends in Hydrofluoric Acid technology:

1. The use of Hydrofluoric Acid in the production of semiconductors is increasing.

2. The use of Hydrofluoric Acid in the etching of glass is increasing.

3. The use of Hydrofluoric Acid in the cleaning of surfaces is increasing.

Key Drivers

The key drivers of the Hydrofluoric Acid market include the growing demand from the aluminum industry and the increasing use of hydrofluoric acid in the production of gasoline. The aluminum industry is the largest consumer of hydrofluoric acid, accounting for about 50% of the total demand. Hydrofluoric acid is used in the production of aluminum fluoride, which is used as a flux in the aluminum smelting process.

The increasing use of hydrofluoric acid in the production of gasoline is another key driver of the market. Hydrofluoric acid is used in the production of alkylate, which is a high-octane component of gasoline. The growing demand for gasoline from the automotive industry is expected to drive the demand for hydrofluoric acid over the forecast period.

The key restraints on the Hydrofluoric Acid market include the stringent environmental regulations and the high cost of production. The stringent environmental regulations are in place to control the emissions of hydrofluoric acid, which can be harmful to the environment. The high cost of production is due to the expensive raw materials and the complex manufacturing process.

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Market Segmentation

The Hydrofluoric Acid Market is segmented by type, application, and region. By type, the market is divided into electronic hydrofluoric acid and industrial hydrofluoric acid. By application, the market is bifurcated into semiconductor industry, oil industry, glass industry, refrigerant industry, microelectronic industry, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.

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Key Players

The key players in the Hydrofluoric Acid Market are Daikin Industries, Ltd., Do-Fluoride Chemicals Co., Ltd., Fluorchemie Gruppe, Honeywell International Inc., Lanxess Aktiengesellschaft, Mexichem S.A.B. de C.V., Sigma-Aldrich Corporation, Sinochem Group, Solvay S.A. and Zhejiang Yipeng Chemical Co., Ltd.

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