Hydrogen Fluoride Market Size, Share, Growth, Trends, and Global Industry Analysis: By Type (Gas Hydrogen Fluoride, and Liquid Hydrogen Fluoride) By Applications (Chemical Industry, Mining and Metallurgical, Pharmaceuticals, Refrigerants, Oil refinery, Aluminum, Semiconductor, and Others), and Region Forecast 2019 - 2030

Hydrogen Fluoride Market size was valued at US$ 3.0 billion in 2023 and is poised to grow at a significant CAGR of 5.1% from 2024-2030. The production of polyurethane and polystyrene uses fluorocarbons like hydrofluorocarbons (HFCs) and hydrofluorolefins (HFOs) as foam-blowing agents. Foam-blowing agents are frequently used in home walls and cold storage for insulation because they reduce heat transmission between surfaces. Thus, the expansion of the hydrogen fluoride market will be aided by the increase in the number of applications for insulation foam in the automotive, construction, and consumer goods industries. Due to the many usages of aluminum in cars, the rise of the automotive industry will also increase the need for hydrogen fluoride.

The chemical industry's high demand, novel hydrogen fluoride product variations, increased demand for HFC and HFO, and the expanding demand for fluorine compounds in numerous sectors will drive market expansion. Furthermore, several business expansion strategies have been employed by key companies, including contracts, acquisitions, collaborations, expansions, and product launches. Key players have primarily relied on agreements to increase their consumer base. For instance, in September 2021, MSA Safety Incorporated opened a new 20,000-square-foot production facility in Cranberry Township, New Jersey, to create a global center of excellence for exploration technology.

Moreover, fluoride hydrogen can exist as a fuming liquid or colorless gas and dissolve in water. Most fluorocarbons, including HFCs, hydrochlorofluorocarbons (HCFCs), and fluoropolymers, are produced using hydrogen fluoride.Fluorocarbons are primarily utilized as refrigerants for air conditioning in residential, commercial, and industrial buildings. They are also used to clean semiconductors and other precision parts. Fluorocarbons have been in high demand from various end-use industries, including semiconductors, consumer electronics, and automotive. Since they have little potential to deplete the ozone layer, hydrofluorocarbons and HFO has come under more attention. In residential and automotive air conditioning (AC) systems, HFOs are employed as refrigerants and used as blowing agents in manufacturing polyurethane foams in the automotive and construction industries. Thus, the demand for hydrogen fluoride and hydrofluoric acid is driven by a steadily increasing requirement for fluorocarbons.

Hydrogen Fluoride Market Key Developments:

• In July 2021, Bacharach, Inc. was acquired by MSA Safety Corporation. MSA's access to its markets around the globe was speed-up the acquisition process.
• In May 2021, Drägerwerk AG & Co. KGaA introduced the new Polytron 6100 EC WL, a Bluetooth gas discovery solution for adaptable and cost-effective industrial plant monitoring.