DUBLIN--(BUSINESS WIRE)--The "Hydrofluoric Acid Market by Grade (Anhydrous, and Diluted Hydrofluoric Acid (Above 50%, and Below 50% Concentration)), Application (Fluorocarbons, Fluorinated Derivatives, Metal Pickling, Glass Etching), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.
The hydrofluoric acid market is expected to be 1.6 million tons in 2018 and is projected to reach 2.1 million tons by 2023, at a CAGR of 5.5% between 2018 and 2023.
The growing demand for hydrofluorocarbons (HFCs) and hydrofluoroolefins (HFOs) and the increasing demand for fluorine compounds from several industries are the major factors driving the global hydrofluoric acid market during the forecast period. However, the stringent regulations on the use of fluorocarbon refrigerants may act as a restraint for the hydrofluoric acid market.
Anhydrous hydrofluoric acid (AHF) is projected to witness the highest growth during the forecast period. The rising demand of this grade in the fluorocarbon production, fluorinated derivative production, and oil refining applications is expected to raise the consumption of AHF globally. Moreover, the rising demand for fluorocarbons such as HFCs and HFOs is expected to make this grade one of the most widely used hydrofluoric acid grades.
The fluorocarbon production application segment is estimated to account for a major share of the overall hydrofluoric acid market during the forecast period due to the large demand for hydrofluoric acid for the manufacture of fluorocarbons. Moreover, the growing demand for fluorocarbon-based refrigerants is expected to lead to the growth of hydrofluoric acid market during the forecast period.
Market Dynamics
Drivers
- Growing Demand for Hydrofluorocarbons (HFCs) and Hydrofluoroolefins (HFOs)
- Increased Demand for Fluorine Compounds in Several Industries
Restraints
- Stringent Regulations on the Use of Fluorocarbon Refrigerants
Challenges
- Hazardous Effects of Hydrofluoric Acid
- High Transportation Cost of AHF Grade
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Hydrofluoric Acid Market, By Grade
7 Hydrofluoric Acid Market, By Application
8 Hydrofluoric Acid Market, By Region
9 Company Profiles
- Daikin
- Dongyue Group
- Fluorchemie Group
- Fluoride Chemical (Dufdo Chemical)
- Fubao Group
- Fujian Longfu Chemical
- Fujian Shaowu Yongfei Chemical
- Gulf Fluor
- Honeywell International
- Lanxess
- Mexichem
- Morita Chemical Industries
- Navin Fluorine International Ltd. (NFIL)
- Sanmei
- Shaowu Huaxin Chemical Industry
- Sinochem Group
- Solvay
- SRF
- Tanfac Industries Limited
- Yingpeng Group
For more information about this report visit https://www.researchandmarkets.com/research/9r7gr8/global?w=4
