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

By Grade;

AHF, DHF (Below 50% Concentration), DHF (Above 50% Concentration).

By Application;

Oil Refining, Cleaning Agent, Etching Agent, Fluorocarbon Production, Organofluorine Compounds, and Others.

By End User Industry;

Oil & Gas, Chemical Processing, Pharmaceuticals, Electrical & Electronics, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn772745285 Published Date: March, 2025 Updated Date: April, 2025

Introduction

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

In the year 2024, the Global Hydrofluoric Acid Market was valued at USD 2,659.83 million. The size of this market is expected to increase to USD 3,933.84 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.8%.

The global hydrofluoric acid (HF) market is integral to various industrial processes and applications due to the unique properties of hydrofluoric acid as a highly reactive and versatile chemical compound. Hydrofluoric acid is used predominantly in the production of fluorine-containing chemicals, including fluoropolymers and refrigerants. It also plays a crucial role in etching glass and metal surfaces, as well as in the manufacture of high-purity silicon for the electronics industry. Its ability to form complex compounds with metals and minerals makes it essential in many sectors where precision and quality are paramount.

The market for hydrofluoric acid is driven by its critical applications across multiple industries. In the chemical sector, HF is a key raw material for producing fluorochemicals that are used in a wide range of applications from pharmaceuticals to agrochemicals. The growing demand for fluoropolymers, which are used in non-stick coatings, electrical insulation, and specialty chemicals, fuels the need for hydrofluoric acid. Additionally, the electronics industry relies on HF for the production of high-purity silicon, which is essential for semiconductor manufacturing and advanced electronic devices.

The global hydrofluoric acid market is expected to grow steadily, supported by ongoing industrial advancements and expanding applications. The increasing focus on technological innovation, such as the development of new fluorine-based materials and cleaner production processes, contributes to market expansion. Furthermore, the rise in demand for electronic devices and renewable energy technologies, which require high-purity materials, is anticipated to drive growth. However, the market also faces challenges, including environmental and safety concerns associated with HF handling and production, which may influence regulatory practices and industry dynamics in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Grade
    2. Market Snapshot, By Application
    3. Market Snapshot, By End User Industry
    4. Market Snapshot, By Region
  4. Global Hydrofluoric Acid Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Electronics Industry
        2. Increasing Use in Metal Etching
        3. Expansion of Chemical Manufacturing
        4. Technological Advances in Production Processes
      2. Restraints
        1. Stringent Regulatory Compliance
        2. High Production Costs
        3. Limited Availability of Raw Materials
        4. Health Risks Associated with Handling
      3. Opportunities
        1. Advancements in Industrial Applications
        2. Development of Safer Handling Technologies
        3. Growth in Semiconductor Industry
        4. Innovation in Fluorine Chemistry
    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 Hydrofluoric Acid Market, By Grade, 2021 - 2031 (USD Million)

      1. AHF
      2. DHF (Below 50% Concentration)
      3. DHF (Above 50% Concentration)
    2. Global Hydrofluoric Acid Market, By Application, 2021 - 2031 (USD Million)
      1. Oil Refining
      2. Cleaning Agent
      3. Etching Agent
      4. Fluorocarbon Production
      5. Organofluorine Compounds
      6. Others
    3. Global Hydrofluoric Acid Market, By End User Industry, 2021 - 2031 (USD Million)
      1. Oil & Gas
      2. Chemical Processing
      3. Pharmaceuticals
      4. Electrical & Electronics
      5. Others
    4. Global 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 (Association of South East Asian Countries)
        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. Fluorchemie Group
      2. Honeywell
      3. LANXESS
      4. Merck KGaA
      5. SINOCHEM GROUP
      6. Fujian Shaowu Yongfei
      7. Solvay
      8. Fujian Kings Fluoride
      9. Gulf Fluor
      10. Morita Chemical
  7. Analyst Views
  8. Future Outlook of the Market