Hydrogen Fluoride Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028

$ PRICE - $ 3,300.00$ 8,900.00

Hydrogen Fluoride Market 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 Geography

 

$ PRICE - $ 3,300.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,300.00$ 8,900.00
FacebookTwitterLinkedinEmail
SKU: N/A Category:

Report

Description

The hydrogen fluoride market is valued at USD 3.0 billion in 2021 and is poised to grow at a significant CAGR of 5.1% over 2022–2028. 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.

Recent Market Developments:

In July 2021, Bacharach, Inc. 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.

Hydrogen Fluoride Market

MARKET SUMMARY
-
5.1% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 5.1%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market–  North America

Hydrogen Fluoride Market

  • The global hydrogen fluoride market report gives comprehensive outlook on hydrogen fluoride across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
  • The report on global hydrogen fluoride market gives historical, current, and future market sizes (US$ Mn) on the basis of type, application and region.
  • Key stakeholders of the global hydrogen fluoride market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global hydrogen fluoride products.
Key Players
  • Airproducts
  • Derivados del Flor
  • Dongyue Group
  • Fubao Group
  • Do-Fluoride Chemicals
Hydrogen Fluoride Market Drivers

A chemical compound known as hydrogen fluoride has numerous applications, particularly in the petrochemical industry. In this industry, the chemical is only used as a super-acid component. However, the characteristics of hydrogen fluoride, such as its low boiling point, allow it to be used in a wide range of diverse industries. These elements will probably fuel the growth of the global market for hydrogen fluoride. The broadening scope of insulating foam applications in different sectors, including consumer durables, automotive, and construction, is another factor propelling the worldwide hydrogen fluoride market. The market for hydrogen fluoride is also growing due to the increased use of aluminum in the automobile industry. However, hydrogen fluoride is very toxic, and quick contact causes painful burns, restricting the market growth.


North-America Got Significant Share

Hydrogen Fluoride Market

The Hydrogen Fluoride market in North America is likely to hold a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. In recent years, the chemical and oil and gas industries in North America have experienced tremendous market growth. This increase can be ascribed to the increased demand for worker security and safety in settings where they are directly subjected to harmful gas exposure. Significant factors in this expansion include technological development and a focus on energy harvesting in China, India, and South Korea. China and Japan are global industrial giants with a broad spectrum of silicon-dependent businesses, including automotive, electronic, instrumentation, and materials. Additionally, it is projected that digital ones will replace the manufacturing industries' manual processes due to the industrial shift toward digitalization.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The hydrogen fluoride market report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Hydrogen Fluoride Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

The hydrogen fluoride market is projected to expand at a CAGR of 5.1% during the forecast period.

Arkema, Mexichem, Dongyue Group, Mexichem, Solvay

Asia Pacific is the fastest-growing region for hydrogen fluoride market


Report

Company Profile

  • Solvay
  • Honeywell
  • Mexichem
  • YingPeng Chemicals
  • Dongyue Group
  • Do-Fluoride Chemicals
  • DUPONT
  • Arkema
  • LANXESS
  • Sinochem Lantian

Description

The hydrogen fluoride market is valued at USD 3.0 billion in 2021 and is poised to grow at a significant CAGR of 5.1% over 2022–2028. 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.

Recent Market Developments:

In July 2021, Bacharach, Inc. 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.

Reviews

There are no reviews yet.

Be the first to review “Hydrogen Fluoride Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2017-2021 and Forecast 2022-2028”

Your email address will not be published. Required fields are marked *

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX