HOME Top Market Reports Hydrofluoric Acid Market by Grade (Anhydrous, and Diluted Hydrofluoric Acid (Above 50%, and Below 50% Concentration)), Application (Fluorocarbons, Fluorinated Derivatives, Metal Pickling, Glass Etching), and Region - Global Forecast to 2023

Hydrofluoric Acid Market by Grade (Anhydrous, and Diluted Hydrofluoric Acid (Above 50%, and Below 50% Concentration)), Application (Fluorocarbons, Fluorinated Derivatives, Metal Pickling, Glass Etching), and Region - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: July 2018
Report Code: CH 6414

 

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The hydrofluoric acid market was valued at 1.6 million tons in 2018 and is projected to reach 2.1 million tons by 2023, at a CAGR of 5.5% during the forecast period. The base year considered for the study is 2017, while the forecast period is from 2018 to 2023.

The objectives of the report are as follows:

  • To define, analyze, and forecast the market size of hydrofluoric acid, in terms of volume
  • To provide information on the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • To analyze and forecast the market size on the basis of grade and application
  • To forecast the market size of different segments with respect to five main regions, namely, North America, Europe, Asia Pacific (APAC), South America, and the Middle East & Africa
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To analyze the competitive developments, including expansions, in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies

Research Methodology

The top-down and bottom-up approaches were used to estimate and validate the size of the hydrofluoric acid market and to estimate the size of various other dependent submarkets in the overall market. This research study involved the extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for a technical, market-oriented, and commercial study of the hydrofluoric acid market.

Hydrofluoric Acid Market

To know about the assumptions considered for the study, download the pdf brochure

The supply chain of the hydrofluoric acid market starts with the sourcing of raw materials, followed by the manufacturing of hydrofluoric acid, processing of hydrofluoric acid, and supplying of finished hydrofluoric acid products. It ends with the use of hydrofluoric acid in various end-use applications. Major players in the market are Honeywell International (US), Daikin (Japan), Solvay (Belgium), Dongyue Group (China), Mexichem (Mexico), Sinochem Group (China), LANXESS (Germany), Yingpeng Group (China), Fluoride Chemical (China), and Fluorchemie Group (Germany).

Key Target Audience:

  • Hydrofluoric acid Manufacturing Companies
  • Traders and Distributors
  • Raw Material Suppliers
  • Commercial R&D Institutes
  • Research Institute, Trade Association, and Government Agencies
  • End-Use Industries

The scope of the report:

This research report categorizes the hydrofluoric acid market on the basis of grade, application, and region.

On the basis of grade:

  • Anhydrous Hydrofluoric Acid
  • Diluted Hydrofluoric Acid (above 50% concentration)
  • Diluted Hydrofluoric Acid (below 50% concentration)

On the basis of application:

  • Fluorocarbon Production
  • Fluorinated Derivative Production
  • Metal Pickling
  • Glass Etching and Cleaning
  • Oil Refining
  • Uranium Fuel Production
  • Others (Pharmaceutical Products, Agrochemicals, Consumer Products)

On the basis of region:

  • North America
  • South America
  • Europe
  • Asia Pacific
  • Middle East & Africa

The market has been further analyzed for the key countries in each of these regions.

Available Customizations:

Along with the given market data, MarketsandMarkets offers customizations as per the specific needs of your company. The following customization options are available for this report:

Product Analysis:

  • A product matrix that gives a detailed comparison of the product portfolio of each company

Regional Analysis:

  • A further breakdown of a region with respect to a particular country

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)

Hydrofluoric Acid Market

Primary and secondary sources along with MnM repository were used to identify and determine above necessary data.

Growth in the applications of hydrofluoric acid is expected to drive the market

Hydrofluoric Acid Market

Fluorocarbon Production

Fluorocarbons are the major types of refrigerants used, globally. It is sub-divided into three types, namely, HCFCs, HFCs, and HFOs. Europe has already phased out HCFCs, and North America is in the process of phasing them out. According to the Montreal Protocol, HCFCs have to be completely phased out by 2030 in non-article 5 parties and by 2040 in article 5 parties. This has resulted in the use of alternatives, such as HFCs and HFOs, which have zero ODP. Hence, fluorocarbon production is expected to remain the dominant application of hydrofluoric acid during the forecast period.

Fluorinated Derivatives Production

Hydrofluoric acid is used as a precursor to produce several fluorinated derivatives such as fluoride, fluoropolymers, and fluorosurfactants. The significant fluorides produced using hydrofluoric acid are Na3AlF6 and AlF3. These fluorides witness high demand from the steadily growing aluminum industry. The increasing production of fluorides is expected to propel the demand for hydrofluoric acid, globally.

Metal Pickling

Hydrofluoric 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. It is also used to separate essential metals from mineral ores and wet etching and cleaning of non-ferrous metal pieces. The growing metal industry, globally, is expected to increase the demand for hydrofluoric acid in metal pickling application.

Glass Etching and Cleaning

Hydrofluoric acid is used as glass etching agent in the manufacturing of glass substrate, silicon nitride, and silicon dioxide for the thin-film transistor (TFT) - liquid-crystal display (LCD) and semiconductor industries owing to its ability to dissolve silicates.

Key Questions

  • Which are the raw materials used for production of hydrofluoric acid? How will their price change have effect on the market?
  • Most of the producers have adopted expansion as the key strategy as could be seen from the recent developments. Where will it take the industry in the forecast period?
  • What are the hazardous effects of the hydrofluoric acid?
  • What are the regulations on the use of fluorocarbon refrigerants in different regions?
  • Hydrofluoric acid market is expected to grow with the growing applications, globally?

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Unit Considered
    1.5 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primary Interviews
    2.2 Market Size Estimation
    2.3 Data Triangulation
    2.4 Assumptions and Limitations
           2.4.1 Assumptions
           2.4.2 Limitations

3 Executive Summary (Page No. - 24)

4 Premium Insights (Page No. - 27)
    4.1 Attractive Opportunities in the Hydrofluoric Acid Market
    4.2 Hydrofluoric Acid Market in APAC, By Application and Country
    4.3 Hydrofluoric Acid Market, By Grade
    4.4 Hydrofluoric Acid Market, By Application
    4.5 Hydrofluoric Acid Market, By Country

5 Market Overview (Page No. - 30)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Demand for Hydrofluorocarbons (Hfcs) and Hydrofluorolefins (Hfos)
                    5.2.1.2 Increased Demand for Fluorine Compounds in Several Industries
           5.2.2 Restraints
                    5.2.2.1 Stringent Regulations on the Use of Fluorocarbon Refrigerants
           5.2.3 Opportunities
                    5.2.3.1 Increasing Glass Etching and Cleaning Applications in
           5.2.4 Challenges
                    5.2.4.1 Hazardous Effects of Hydrofluoric Acid
                    5.2.4.2 High Transportation Cost of AHF Grade
    5.3 Macroeconomic Overview
           5.3.1 Introduction
           5.3.2 Gdp Growth Rate and Forecast of Major Economies
           5.3.3 Chemical Industry Analysis
           5.3.4 Semiconductor Industry Analysis

6 Hydrofluoric Acid Market, By Grade (Page No. - 37)
    6.1 Introduction
    6.2 AHF
    6.3 DHF (Above 50% Concentration)
    6.4 DHF (Below 50% Concentration)

7 Hydrofluoric Acid Market, By Application (Page No. - 43)
    7.1 Introduction
    7.2 Fluorocarbon Production
    7.3 Fluorinated Derivative Production
    7.4 Metal Pickling
    7.5 Glass Etching and Cleaning
    7.6 Oil Refining
    7.7 Uranium Fuel Production
    7.8 Others

8 Hydrofluoric Acid Market, By Region (Page No. - 53)
    8.1 Introduction
    8.2 APAC
           8.2.1 China
           8.2.2 Japan
           8.2.3 India
           8.2.4 South Korea
           8.2.5 Taiwan
           8.2.6 Rest of APAC
    8.3 North America
           8.3.1 US
           8.3.2 Canada
           8.3.3 Mexico
    8.4 Europe
           8.4.1 Germany
           8.4.2 France
           8.4.3 UK
           8.4.4 Russia
           8.4.5 Italy
           8.4.6 Rest of Europe
    8.5 South America
           8.5.1 Brazil
           8.5.2 Argentina
           8.5.3 Rest of South America
    8.6 Middle East & Africa
           8.6.1 Saudi Arabia
           8.6.2 South Africa
           8.6.3 Rest of Middle East & Africa

9 Company Profiles (Page No. - 86)
    9.1 Dongyue Group
    9.2 Daikin
    9.3 Honeywell International
    9.4 Solvay
    9.5 Mexichem
    9.6 Lanxess
    9.7 Sinochem Group
    9.8 Yingpeng Group
    9.9 Fluoride Chemical (Dufdo Chemical)
    9.10 Fluorchemie Group
    9.11 Other Market Players
           9.11.1 Fujian Shaowu Yongfei Chemical
           9.11.2 Sanmei
           9.11.3 Morita Chemical Industries
           9.11.4 Gulf Fluor
           9.11.5 Fubao Group
           9.11.6 Fujian Longfu Chemical
           9.11.7 Shaowu Huaxin Chemical Industry
           9.11.8 Navin Fluorine International Ltd. (NFIL)
           9.11.9 SRF
           9.11.10 Tanfac Industries Limited

10 Appendix (Page No. - 107)
     10.1 Insights From Industry Experts
     10.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     10.3 Introducing RT: Real-Time Market Intelligence
     10.4 Available Customizations
     10.5 Related Reports
     10.6 Author Details


List of Tables (75 Tables)

Table 1 Schedule for Eliminating HCFCs: Reduction Rate (%)
Table 2 Schedule for Eliminating Hfcs: Reduction Rate (%)
Table 3 Trends and Forecast of Gdp Growth Rate, By Country, 2015–2022
Table 4 Properties of Major Grades of Hydrofluoric Acid
Table 5 Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 6 AHF Market Size, By Region, 2016–2023 (Kiloton)
Table 7 DHF (Above 50% Concentration) Market Size, By Region, 2016–2023 (Kiloton)
Table 8 DHF (Below 50% Concentration) Market Size, By Region, 2016–2023 (Kiloton)
Table 9 Hydrofluoric Acid Market Size, By Application, 2016–2023 (Kiloton)
Table 10 Properties of the Most Commonly Used Fluorocarbons
Table 11 Hydrofluoric Acid Market Size in Fluorocarbon Production Application, By Region, 2016–2023 (Kiloton)
Table 12 Hydrofluoric Acid Market Size in Fluorinated Derivative Production Application, By Region, 2016–2023 (Kiloton)
Table 13 Hydrofluoric Acid Market Size in Metal Pickling Application, By Region, 2016–2023 (Kiloton)
Table 14 Hydrofluoric Acid Market Size in Glass Etching and Cleaning Application, By Region, 2016–2023 (Kiloton)
Table 15 Hydrofluoric Acid Market Size in Oil Refining Application, By Region, 2016–2023 (Kiloton)
Table 16 Hydrofluoric Acid Market Size in Uranium Fuel Production, By Region, 2016—2023 (Kiloton)
Table 17 Hydrofluoric Acid Market Size in Other Applications, By Region, 2016–2023 (Kiloton)
Table 18 Hydrofluoric Acid Market Size, By Region, 2016–2023 (Kiloton)
Table 19 APAC: Hydrofluoric Acid Market Size, By Country, 2016–2023 (Kiloton)
Table 20 APAC: Market Size, By Grade, 2016–2023 (Kiloton)
Table 21 APAC: Market Size, By Application, 2016–2023 (Kiloton)
Table 22 China: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 23 China: Market Size, By Application, 2016–2023 (Kiloton)
Table 24 Japan: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 25 Japan: Market Size, By Application, 2016–2023 (Kiloton)
Table 26 India: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 27 India: Market Size, By Application, 2016–2023 (Kiloton)
Table 28 South Korea: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 29 South Korea: Market Size, By Application, 2016–2023 (Kiloton)
Table 30 Taiwan: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 31 Taiwan: Market Size, By Application, 2016–2023 (Kiloton)
Table 32 Rest of APAC: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 33 Rest of APAC: Market Size, By Application, 2016–2023 (Kiloton)
Table 34 North America: Hydrofluoric Acid Market Size, By Country, 2016–2023 (Kiloton)
Table 35 North America: Market Size, By Grade, 2016–2023 (Kiloton)
Table 36 North America: Market Size, By Application, 2016–2023 (Kiloton)
Table 37 US: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 38 US: Market Size, By Application, 2016–2023 (Kiloton)
Table 39 Canada: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 40 Canada: Market Size, By Application, 2016–2023 (Kiloton)
Table 41 Mexico: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 42 Mexico: Market Size, By Application, 2016–2023 (Kiloton)
Table 43 Europe: Hydrofluoric Acid Market Size, By Country, 2016–2023 (Kiloton)
Table 44 Europe: Market Size, By Grade, 2016–2023 (Kiloton)
Table 45 Europe: Market Size, By Application, 2016–2023 (Kiloton)
Table 46 Germany: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 47 Germany: Market Size, By Application, 2016–2023 (Kiloton)
Table 48 France: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 49 France: Market Size, By Application, 2016–2023 (Kiloton)
Table 50 UK: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 51 UK: Market Size, By Application, 2016–2023 (Kiloton)
Table 52 Russia: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 53 Russia: Market Size, By Application, 2016–2023 (Kiloton)
Table 54 Italy: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 55 Italy: Market Size, By Application, 2016–2023 (Kiloton)
Table 56 Rest of Europe: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 57 Rest of Europe: Market Size, By Application,2016–2023 (Kiloton)
Table 58 South America: Hydrofluoric Acid Market Size, By Country, 2016–2023 (Kiloton)
Table 59 South America: Market Size, By Grade, 2016–2023 (Kiloton)
Table 60 South America: Market Size, By Application, 2016–2023 (Kiloton)
Table 61 Brazil: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 62 Brazil: Market Size, By Application, 2016–2023 (Kiloton)
Table 63 Argentina: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 64 Argentina: Market Size, By Application, 2016–2023 (Kiloton)
Table 65 Rest of South America: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 66 Rest of South America: Market Size, By Application, 2016–2023 (Kiloton)
Table 67 Middle East & Africa: Hydrofluoric Acid Market Size, By Country, 2016–2023 (Kiloton)
Table 68 Middle East & Africa: Market Size, By Grade, 2016–2023 (Kiloton)
Table 69 Middle East & Africa: Market Size, By Application, 2016–2023 (Kiloton)
Table 70 Saudi Arabia: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 71 Saudi Arabia: Market Size, By Application, 2016–2023 (Kiloton)
Table 72 South Africa: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 73 South Africa: Market Size, By Application, 2016–2023 (Kiloton)
Table 74 Rest of Middle East & Africa: Hydrofluoric Acid Market Size, By Grade, 2016–2023 (Kiloton)
Table 75 Rest of Middle East & Africa: Market Size, By Application, 2016–2023 (Kiloton)


List of Figures (42 Figures)

Figure 1 Hydrofluoric Acid Market Segmentation
Figure 2 Hydrofluoric Acid Market: Research Design
Figure 3 Bottom-Up Approach
Figure 4 Top-Down Approach
Figure 5 Hydrofluoric Acid Market: Data Triangulation
Figure 6 AHF to Be the Largest Grade in the Hydrofluoric Acid Market
Figure 7 Fluorocarbon Production to Be the Largest Application
Figure 8 APAC Accounted for the Largest Market Share
Figure 9 Increasing Demand From Various Applications to Drive the Hydrofluoric Acid Market
Figure 10 China Was the Largest Hydrofluoric Acid Market in 2017
Figure 11 AHF to Be the Largest Grade Between 2018 and 2023
Figure 12 Fluorinated Derivative Production to Be the Fastest-Growing Application
Figure 13 China to Be the Largest Hydrofluoric Acid Market
Figure 14 Overview of Factors Governing the Hydrofluoric Acid Market
Figure 15 Global Chemical Sales, 2016
Figure 16 Leading Countries in Chemical Industry, 2016
Figure 17 Global Semiconductor Sales, 2014–2017
Figure 18 Semiconductor Market Share of Companies Based in the Us and Row, 2015
Figure 19 Global Semiconductor Fabrication CAPACity, 2015
Figure 20 AHF Led the Market in 2017, By Volume
Figure 21 APAC to Be the Largest Market for AHF, 2018–2023
Figure 22 APAC to Be the Largest Market for DHF (Above 50% Concentration)
Figure 23 APAC to Be the Largest Market for DHF (Below 50% Concentration)
Figure 24 Fluorocarbon Production Was the Leading Application of Hydrofluoric Acid in 2017
Figure 25 APAC to Be the Fastest-Growing Market in Fluorocarbon Production Application
Figure 26 APAC to Be the Largest Market in Fluorinated Derivative Production Application
Figure 27 APAC to Be the Largest Market in Metal Pickling Application
Figure 28 APAC to Be the Largest Market in Glass Etching and Cleaning Application
Figure 29 APAC to Be the Largest Market in Oil Refining Application
Figure 30 APAC to Be the Largest Market in Uranium Fuel Production Application
Figure 31 APAC to Be the Largest Market in Other Applications
Figure 32 Regional Snapshot: Hydrofluoric Acid Market
Figure 33 APAC: Hydrofluoric Acid Market Snapshot
Figure 34 China: Hydrofluoric Acid Market Snapshot
Figure 35 North America: Hydrofluoric Acid Market Snapshot
Figure 36 US: Hydrofluoric Acid Market Snapshot
Figure 37 Dongyue Group: Company Snapshot
Figure 38 Daikin: Company Snapshot
Figure 39 Honeywell International: Company Snapshot
Figure 40 Solvay: Company Snapshot
Figure 41 Mexichem: Company Snapshot
Figure 42 Lanxess: Company Snapshot

The hydrofluoric acid market is estimated to be 1.6 million tons in 2018 and projected to reach 2.1 million tons by 2023, registering a CAGR of 5.5% between 2018 and 2023. The growing demand for hydrofluorocarbons (HFCs) and hydrofluoroolefins (HFOs) and increasing demand for fluorine compounds in several industries are the major drivers of the global hydrofluoric acid market during the forecast period.

The hydrofluoric acid market is classified into three grades: anhydrous hydrofluoric acid (AHF), diluted hydrofluoric acid (above 50% concentration) and diluted hydrofluoric acid (below 50% concentration). AHF is the most widely used grade of hydrofluoric acid owing to its extensive use in the fluorocarbon production and fluorinated derivative production applications.

By application, the hydrofluoric acid market is classified into seven segments, namely fluorocarbon production, fluorinated derivative production, metal pickling, glass etching and cleaning, oil refining, uranium fuel production, and others. Fluorocarbon production is the largest application of hydrofluoric acid due to the extensive use of hydrofluoric acid in the manufacturing of fluorocarbons. The increased demand for fluorocarbons is expected to drive the hydrofluoric acid market during the forecast period.

Hydrofluoric Acid Market

Asia Pacific is estimated to be the largest market for hydrofluoric acid and is projected to register the highest CAGR during the forecast period due to the presence of numerous fluorocarbon manufacturers in the region. China is expected to account for the largest share of the market in Asia Pacific until 2023. Major producers of hydrofluoric acid, such as Dongyue Group (China), Daikin (Japan), Sinochem (China), Yingpeng Chemical (China), and Fluoride Chemicals (China), are located in the Asia-Pacific region. North America accounts for the second-largest share of the global hydrofluoric acid market.

Fluorocarbon production is the dominant application area of hydrofluoric acid. However, various governments and agencies are imposing regulations to limit the use of fluorocarbon refrigerants due to its adverse effect on the ozone layer. Several countries have agreed to phase out the use of hydrochlorofluorocarbons (HCFCs) and hydrofluorocarbons (HFCs) by imposing protocols and regulations to limit their consumption. Hence, the stringent regulations on the use of fluorocarbon refrigerants is one of the major factors expected to restrict the growth of the market.

Companies are using the expansion strategy to increase their geographical presence and cater to the increasing demand for hydrofluoric acid products. For example, Dongyue Group used expansion as its major strategy to increase its presence in China. In November 2017, Dongyue Group inaugurated two companies, namely, Shandong Dongyue Public Trading and Guoming Investment Management, in Beijing, China. These companies are involved in trading commodity products, such as chemical products, non-ferrous metals, ferrous metals, and investments in production and financing. This expansion has allowed the company to expand its presence in China.  

Companies such as Dongyue Group (China), Honeywell International (US), and Daikin (Japan) adopted the expansions strategy to expand their production capacities and market share in the hydrofluoric acid market between 2016 and 2018.

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Increased demand for fluorine compounds in several industries to drive the global hydrofluoric acid demand

Hydrofluoric acid is a clear, colourless, fuming liquid with a sharp, pungent odour. It is widely used in the chemical industry to produce fluorine compounds such as fluorocarbons, fluorides, and fluoropolymers. Fluorocarbons such as hydrofluorocarbons (HFCs), and hydrofluoroolefins (HFOs) are the major types of refrigerants used, globally. Therefore, increasing demand for refrigerants is expected to propel the fluorocarbon production, thereby driving the hydrofluoric acid market.

Fluorides, such as sodium hexafluoroaluminate (Na3AlF6) and aluminum trifluoride (AlF3), are used in aluminum production, globally and are witnessing high demand from aluminium industry. In addition, sodium fluoride and uranium hexafluoride have gained importance in the production of pharmaceuticals and uranium, respectively. Apart from this, the growing demand for fluoropolymers from the automotive and electronics & semiconductor industries is expected to increase the need for hydrofluoric acid to produce them. Thus, the high demand for fluorine compounds from several industries plays a crucial role in driving the hydrofluoric acid market.

Stringent regulations on the use of fluorocarbon refrigerants

Fluorocarbon refrigerants adversely affect the ozone layer of the atmosphere; therefore, various governments and agencies are imposing regulations to limit the use of fluorocarbon refrigerants. Several countries have agreed to phase out the use of HCFCs and HFCs by imposing protocols and regulations to limit their consumption. These protocols and regulations restrict the production and consumption of fluorocarbon refrigerants, which directly restrict the market growth of hydrofluoric acid.

Schedule for Eliminating HCFCS: Reduction Rate (%)

Year

Non-article 5 Parties

Year

Article 5 Parties

2010

75

2015

10

2015

90

2020

35

2020

99.5

2025

67.5

2020–2030

99.5

2030

97.5

2030

100

2030-2040

97.5

 

 

2040

100

Schedule for Eliminating HFCS: Reduction Rate (%)

Year

Non-article 5 Parties

Year

Article 5 Parties

2016

10

2018

-

2022

35

2025

75

2029

70

2030

40

2033

85

2043

85

Source: United Nations Environment Programme (UNEP)

According to the Montreal Protocol, HCFCs have to be phased out entirely by 2030 in non-article 5 parties and by 2040 in article 5 parties. It’s also necessitated that HFCs must be phased out completely by 2033 in non-article 5 parties and by 2043 in article 5 parties. Fluorocarbon production is the dominant application area of hydrofluoric acid. Hence, the restrictions and limitations on the use of fluorocarbon refrigerants are expected to restrict the growth of the market.

Hydrofluoric Acid Market

Market Dynamics

Hydrofluoric Acid Market

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