Global Electronic Grade Hydrofluoric Acid Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Purity;

EL, UP, UPS, and UPSS.

By HF Concentration;

49%.

By Application;

Solar Cells/Photovoltaic, Microelectronics, Semiconductors, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn476438728 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Electronic Grade Hydrofluoric Acid Market (USD Million), 2021 - 2031

In the year 2024, the Global Electronic Grade Hydrofluoric Acid Market was valued at USD 390.90 million. The size of this market is expected to increase to USD 603.47 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.4%.

The global electronic grade hydrofluoric acid (EGHF) market is a specialized sector within the chemical industry focused on providing high-purity hydrofluoric acid for use in electronics manufacturing. Electronic grade hydrofluoric acid is a critical reagent in the production of semiconductor devices, photovoltaic cells, and other high-tech electronic components.

This market has seen growth due to the increasing demand for advanced electronic devices and the expansion of the semiconductor industry. The purity and quality of hydrofluoric acid are crucial for achieving the precision required in these applications, which drives the need for specialized production and stringent quality control processes.

Regions such as North America, Europe, and Asia-Pacific are major markets for electronic grade hydrofluoric acid, with Asia-Pacific being a significant contributor due to its strong semiconductor manufacturing base. The market is influenced by factors such as technological advancements in electronics, regulatory changes related to chemical safety, and fluctuations in raw material prices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Purity
    2. Market Snapshot, By HF Concentration
    3. Market Snapshot, By Application
    4. Market Snapshot, By Region
  4. Global Electronic Grade Hydrofluoric Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing semiconductor industry
        2. Rising demand for advanced electronics
        3. Expansion of photovoltaic cell production
      2. Restraints
        1. High production costs
        2. Regulatory compliance challenges
        3. Environmental and safety concerns
      3. Opportunities
        1. Technological advancements in electronics
        2. Expansion in emerging markets
        3. Growth in renewable energy sectors
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Electronic Grade Hydrofluoric Acid Market, By Purity, 2021 - 2031 (USD Million)
      1. EL
      2. UP
      3. UPS
      4. UPSS
    2. Global Electronic Grade Hydrofluoric Acid Market, By HF Concentration, 2021 - 2031 (USD Million)
      1. <49%
      2. >49%
    3. Global Electronic Grade Hydrofluoric Acid Market, By Application, 2021 - 2031 (USD Million)
      1. Solar Cells/Photovoltaic
      2. Microelectronics
      3. Semiconductors
      4. Others
    4. Global Electronic Grade Hydrofluoric Acid Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Solvay S.A.
      2. Honeywell International Inc.
      3. Morita Chemical Industries Co., Ltd.
      4. Buss ChemTech AG
      5. Zhejiang Sanmei Chemical Incorporated Company
      6. Zhejiang Kaisn Fluorochemical Co., Ltd.
      7. Do-Fluoride Chemicals Co., Ltd.
      8. Derivados del Flor
      9. Zhejiang Kaiheng Electronic Materials Co., Ltd.
      10. Fujian Shaowu Yongjing Chemical Co., Ltd.
      11. Shanghai Changhua New Energy & Technology Co., Ltd.
      12. ADVANCE RESEARCH CHEMICALS. INC.
      13. KMG Chemicals, Inc.
      14. Qshi Industry (Shanghai) Co., Ltd.,
      15. Xinxiang Yellow River Fine Chemical Industry Co., Ltd.
      16. Stella Chemifa Corporation
      17. Formosa Daikin Advanced Chemicals Co., Ltd.
      18. LobaChemie Pvt. Ltd.
      19. Qiaoli Chemical Industry Co., Ltd. (Sunlit Fluo & Chemical Co. Ltd.)
  7. Analyst Views
  8. Future Outlook of the Market