Hydrofluoric Acid Companies

The hydrofluoric acid market size was estimated at USD 3.90 billion in 2024 and is projected to reach USD 5.10 billion by 2030 with a CAGR of 4.58%. The demand for hydrofluoric acid is primarily supplied by international companies serving various end-use sectors. The market is expected to grow due to several factors, including increased demand for fluorine-based compounds, the use of hydrofluoric acid in refrigerants, hydrofluorocarbons, and hydrofluoroolefins, as well as a rise in industrial applications.

Hydrofluoric Acid Companies

Some leading companies involved in the manufacturing of hydrofluoric acid include Honeywell International Inc. (US), Solvay (Belgium), Stella Chemifa Corporation (Japan), Daikin (Japan), and LANXESS (Germany), among others, which are covered in the hydrofluoric acid market. These companies and regional firms serve the global demand for hydrofluoric acid.

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Honeywell International Inc. (US) is a publicly traded, American global conglomerate firm with its main office in Charlotte, North Carolina. It manages its business operations through five segments: Aerospace Technologies, Industrial Automation, Building Automation, Energy and Sustainability Solutions, and Corporate and All Other. It focuses on energy-efficient products and solutions for buildings, businesses, and transportation; specialty chemicals; electronic and advanced materials; process technology for refining and petrochemicals; and turbocharger control, sensing, and security for homes and buildings. The company operates ~722 locations and 174 manufacturing facilities worldwide. It adopts a collaboration strategy to expand its hydrofluoric acid market. The company supplies hydrofluoric acid to major end-use industries such as chemicals, glass, and metals.

Solvay (Belgium) is a science-based company that develops innovations to improve various aspects of daily life. It operates through two main segments: Basic Chemicals and Performance Chemicals. In 2024, the company restructured its operations, consolidating its segments into two to better align with its business strategy. The Basic Chemicals segment includes products such as soda ash, bicarbonate, and peroxides. The Performance Chemicals segment offers a wider range of products from the Silica, Coatis, and Special Chem divisions. It has a presence in Asia Pacific, Europe, the Middle East, North America, and Latin America. The company's joint venture strategy was used to help maintain its market position.

Market Ranking

Honeywell International Inc., Solvay, Stella Chemifa Corporation, Daikin, and LANXESS are the leading market players in 2024, accounting for 20–25% of the market share, indicating a fragmented market. Honeywell International Inc. has a strong global presence, supplying various applications. Solvay is a major chemical manufacturer. Stella Chemifa Corporation is a key chemicals company with a significant Asian presence. Many other smaller players in the market manufacture hydrofluoric acid locally.

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Hydrofluoric Acid Market by Grade [AHF, DHF (above 50% concentration), DHF (below 50% concentration)], Application, and Region (Asia Pacific, North America, Europe, South America, Middle East & Africa) - Global Forecast to 2030