Hydrofluoric Acid Market - Global Hydrofluoric Acid Industry Analysis, Size, Share, Growth, Trends, and Forecast 2025-2032 - (By Grade, By Form, By End-use, By Geographic Coverage and By Company)

Description

The global Hydrofluoric Acid Market is projected to expand from US$2.8 billion in 2025 to US$4.1 billion by 2032, registering a strong CAGR of 5.7% during the forecast period. This growth is driven by the compound's critical role in producing lithium hexafluorophosphate (LiPF6) for lithium-ion batteries, high-purity applications in semiconductor manufacturing, and widespread use in fluorocarbon production for refrigerants.

Hydrofluoric acid, though hazardous, is an essential building block in various industrial processes-from petrochemical refining to electronics and clean energy storage-making it an indispensable input in modern manufacturing ecosystems.

Market Insights

Hydrofluoric acid (HF) continues to gain relevance across high-growth sectors. The anhydrous form, known for its chemical stability and high purity, dominates the market due to its use in fluoropolymer synthesis, alkylation in oil refining, and electronic-grade etching.

The electronics industry, especially semiconductors, is seeing a surge in high-purity HF consumption. With global chip manufacturing expanding due to rising demand for AI-powered devices, 5G technologies, and EV control systems, the use of HF in wafer cleaning and etching is projected to accelerate.

Meanwhile, lithium-ion battery production, particularly for electric vehicles (EVs) and energy storage systems, is a key growth catalyst. Hydrofluoric acid is a fundamental input for LiPF6, the primary electrolyte salt used in these batteries.

Key Market Drivers

EV Boom and Battery Demand: Rapid growth in electric mobility and renewable energy is driving increased production of LiPF6, significantly boosting HF consumption.
Semiconductor Expansion: The proliferation of advanced chip fabrication units worldwide is increasing demand for ultra-high-purity HF in etching and cleaning.
Rising Refrigeration Needs: Fluorocarbon production, accounting for over 54.5% of global HF demand, remains a key growth area due to its use in HVAC and refrigeration systems.
Petroleum Refining Dependence: North American refineries continue to rely on HF-based alkylation units to produce clean-burning, high-octane fuels.

Business Opportunities

Battery Manufacturing: Global LiPF6 production exceeded 390,000 tonnes in 2024, with China accounting for over 90%. As demand for batteries grows, so will HF consumption.
Solar and Glass Processing: In Asia Pacific, over 310 GW of new solar capacity installed in 2024 drove up HF demand in glass cleaning and surface texturing.
Fluorochemical Expansion: Strategic investments by companies in India and Southeast Asia are opening up new opportunities in downstream fluorochemical manufacturing.

Regional Analysis

Asia Pacific: The region dominates global consumption, led by China's expansive chemical, solar, and glass processing industries. Urbanization and clean energy infrastructure are sustaining high demand for HF in construction and photovoltaic applications.
North America: More than 40 U.S. refineries still use HF alkylation units, and investments by players like ExxonMobil and CVR Energy in modernization projects ensure continued demand.
Europe: HF usage in aluminum processing is on the rise as automotive manufacturers push for lightweight materials to reduce emissions. HF is also crucial for aluminum fluoride production and metal surface treatment.

Competitive Landscape

Honeywell International Inc.
Daikin Industries
Solvay S.A.
Lanxess AG
Gujarat Fluorochemicals
Sinochem
Dongyue Group
Stella Chemifa Corp.
Yingpeng Chemical
Zhejiang Kaisn Fluorochemical
Do-Fluoride Chemicals Co., Ltd.

Global Hydrofluoric Acid Market Segmentation

By Grade

Anhydrous
Diluted

By End-Use

Fluorocarbon Production
Stainless Steel
Aluminium Product
Glass Processing
Lithium Hexafluorophosphate
Etching & Cleaning
Electronic Specialty Gases
Others

By Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa

1. Executive Summary

1.1. Global Hydrofluoric Acid Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2025
1.5. Analyst Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. COVID-19 Impact Analysis
2.5. Porter's Fiver Forces Analysis
2.6. Impact of Russia-Ukraine Conflict
2.7. PESTLE Analysis
2.8. Regulatory Analysis
2.9. Price Trend Analysis
- 2.9.1. Current Prices and Future Projections, 2025-2032
- 2.9.2. Price Impact Factors

3. Global Hydrofluoric Acid Market Outlook, 2019-2032

3.1. Global Hydrofluoric Acid Market Outlook, by Grade, Value (US$ Bn) & Volume (Tons), 2019-2032
- 3.1.1. Anhydrous
- 3.1.2. Diluted
3.2. Global Hydrofluoric Acid Market Outlook, by End-use, Value (US$ Bn) & Volume (Tons), 2019-2032
- 3.2.1. Fluorocarbon Production
- 3.2.2. Stainless Steel
- 3.2.3. Aluminium Product
- 3.2.4. Glass Processing
- 3.2.5. Lithium Hexafluorophosphate
- 3.2.6. Etching & Cleaning
- 3.2.7. Electronic Specialty Gases
- 3.2.8. Others
3.3. Global Hydrofluoric Acid Market Outlook, by Region, Value (US$ Bn) & Volume (Tons), 2019-2032
- 3.3.1. North America
- 3.3.2. Europe
- 3.3.3. Asia Pacific
- 3.3.4. Latin America
- 3.3.5. Middle East & Africa

4. North America Hydrofluoric Acid Market Outlook, 2019-2032

4.1. North America Hydrofluoric Acid Market Outlook, by Grade, Value (US$ Bn) & Volume (Tons), 2019-2032
- 4.1.1. Anhydrous
- 4.1.2. Diluted
4.2. North America Hydrofluoric Acid Market Outlook, by End-use, Value (US$ Bn) & Volume (Tons), 2019-2032
- 4.2.1. Fluorocarbon Production
- 4.2.2. Stainless Steel
- 4.2.3. Aluminium Product
- 4.2.4. Glass Processing
- 4.2.5. Lithium Hexafluorophosphate
- 4.2.6. Etching & Cleaning
- 4.2.7. Electronic Specialty Gases
- 4.2.8. Others
4.3. North America Hydrofluoric Acid Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
- 4.3.1. U.S. Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 4.3.2. U.S. Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 4.3.3. Canada Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 4.3.4. Canada Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
4.4. BPS Analysis/Market Attractiveness Analysis

5. Europe Hydrofluoric Acid Market Outlook, 2019-2032

5.1. Europe Hydrofluoric Acid Market Outlook, by Grade, Value (US$ Bn) & Volume (Tons), 2019-2032
- 5.1.1. Anhydrous
- 5.1.2. Diluted
5.2. Europe Hydrofluoric Acid Market Outlook, by End-use, Value (US$ Bn) & Volume (Tons), 2019-2032
- 5.2.1. Fluorocarbon Production
- 5.2.2. Stainless Steel
- 5.2.3. Aluminium Product
- 5.2.4. Glass Processing
- 5.2.5. Lithium Hexafluorophosphate
- 5.2.6. Etching & Cleaning
- 5.2.7. Electronic Specialty Gases
- 5.2.8. Others
5.3. Europe Hydrofluoric Acid Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
- 5.3.1. Germany Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 5.3.2. Germany Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 5.3.3. Italy Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 5.3.4. Italy Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 5.3.5. France Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 5.3.6. France Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 5.3.7. U.K. Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 5.3.8. U.K. Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 5.3.9. Spain Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 5.3.10. Spain Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 5.3.11. Russia Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 5.3.12. Russia Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 5.3.13. Rest of Europe Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 5.3.14. Rest of Europe Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
5.4. BPS Analysis/Market Attractiveness Analysis

6. Asia Pacific Hydrofluoric Acid Market Outlook, 2019-2032

6.1. Asia Pacific Hydrofluoric Acid Market Outlook, by Grade, Value (US$ Bn) & Volume (Tons), 2019-2032
- 6.1.1. Anhydrous
- 6.1.2. Diluted
6.2. Asia Pacific Hydrofluoric Acid Market Outlook, by End-use, Value (US$ Bn) & Volume (Tons), 2019-2032
- 6.2.1. Fluorocarbon Production
- 6.2.2. Stainless Steel
- 6.2.3. Aluminium Product
- 6.2.4. Glass Processing
- 6.2.5. Lithium Hexafluorophosphate
- 6.2.6. Etching & Cleaning
- 6.2.7. Electronic Specialty Gases
- 6.2.8. Others
6.3. Asia Pacific Hydrofluoric Acid Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
- 6.3.1. China Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 6.3.2. China Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 6.3.3. Japan Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 6.3.4. Japan Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 6.3.5. South Korea Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 6.3.6. South Korea Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 6.3.7. India Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 6.3.8. India Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 6.3.9. Southeast Asia Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 6.3.10. Southeast Asia Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 6.3.11. Rest of SAO Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 6.3.12. Rest of SAO Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
6.4. BPS Analysis/Market Attractiveness Analysis

7. Latin America Hydrofluoric Acid Market Outlook, 2019-2032

7.1. Latin America Hydrofluoric Acid Market Outlook, by Grade, Value (US$ Bn) & Volume (Tons), 2019-2032
- 7.1.1. Anhydrous
- 7.1.2. Diluted
7.2. Latin America Hydrofluoric Acid Market Outlook, by End-use, Value (US$ Bn) & Volume (Tons), 2019-2032
- 7.2.1. Fluorocarbon Production
- 7.2.2. Stainless Steel
- 7.2.3. Aluminium Product
- 7.2.4. Glass Processing
- 7.2.5. Lithium Hexafluorophosphate
- 7.2.6. Etching & Cleaning
- 7.2.7. Electronic Specialty Gases
- 7.2.8. Others
7.3. Latin America Hydrofluoric Acid Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
- 7.3.1. Brazil Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 7.3.2. Brazil Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 7.3.3. Mexico Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 7.3.4. Mexico Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 7.3.5. Argentina Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 7.3.6. Argentina Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 7.3.7. Rest of LATAM Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 7.3.8. Rest of LATAM Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
7.4. BPS Analysis/Market Attractiveness Analysis

8. Middle East & Africa Hydrofluoric Acid Market Outlook, 2019-2032

8.1. Middle East & Africa Hydrofluoric Acid Market Outlook, by Grade, Value (US$ Bn) & Volume (Tons), 2019-2032
- 8.1.1. Anhydrous
- 8.1.2. Diluted
8.2. Middle East & Africa Hydrofluoric Acid Market Outlook, by End-use, Value (US$ Bn) & Volume (Tons), 2019-2032
- 8.2.1. Fluorocarbon Production
- 8.2.2. Stainless Steel
- 8.2.3. Aluminium Product
- 8.2.4. Glass Processing
- 8.2.5. Lithium Hexafluorophosphate
- 8.2.6. Etching & Cleaning
- 8.2.7. Electronic Specialty Gases
- 8.2.8. Others
8.3. Middle East & Africa Hydrofluoric Acid Market Outlook, by Country, Value (US$ Bn) & Volume (Tons), 2019-2032
- 8.3.1. GCC Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 8.3.2. GCC Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 8.3.3. South Africa Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 8.3.4. South Africa Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 8.3.5. Egypt Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 8.3.6. Egypt Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 8.3.7. Nigeria Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 8.3.8. Nigeria Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
- 8.3.9. Rest of Middle East Hydrofluoric Acid Market Outlook, by Grade, 2019-2032
- 8.3.10. Rest of Middle East Hydrofluoric Acid Market Outlook, by End-use, 2019-2032
8.4. BPS Analysis/Market Attractiveness Analysis

9. Competitive Landscape

9.1. Company Vs Segment Heatmap
9.2. Company Market Share Analysis, 2025
9.3. Competitive Dashboard
9.4. Company Profiles
- 9.4.1. Daikin
  - 9.4.1.1. Company Overview
  - 9.4.1.2. Product Portfolio
  - 9.4.1.3. Financial Overview
  - 9.4.1.4. Business Strategies and Developments
- 9.4.2. Dongyue Group
  - 9.4.2.1. Company Overview
  - 9.4.2.2. Product Portfolio
  - 9.4.2.3. Financial Overview
  - 9.4.2.4. Business Strategies and Developments
- 9.4.3. Sinochem
  - 9.4.3.1. Company Overview
  - 9.4.3.2. Product Portfolio
  - 9.4.3.3. Financial Overview
  - 9.4.3.4. Business Strategies and Developments
- 9.4.4. Yingpeng Chemical
  - 9.4.4.1. Company Overview
  - 9.4.4.2. Product Portfolio
  - 9.4.4.3. Financial Overview
  - 9.4.4.4. Business Strategies and Developments
- 9.4.5. Honeywell International Inc.
  - 9.4.5.1. Company Overview
  - 9.4.5.2. Product Portfolio
  - 9.4.5.3. Financial Overview
  - 9.4.5.4. Business Strategies and Developments
- 9.4.6. Stella Chemifa Corp.
  - 9.4.6.1. Company Overview
  - 9.4.6.2. Product Portfolio
  - 9.4.6.3. Financial Overview
  - 9.4.6.4. Business Strategies and Developments
- 9.4.7. Koura Global
  - 9.4.7.1. Company Overview
  - 9.4.7.2. Product Portfolio
  - 9.4.7.3. Financial Overview
  - 9.4.7.4. Business Strategies and Developments
- 9.4.8. Lanxess
  - 9.4.8.1. Company Overview
  - 9.4.8.2. Product Portfolio
  - 9.4.8.3. Financial Overview
  - 9.4.8.4. Business Strategies and Developments
- 9.4.9. Solvay
  - 9.4.9.1. Company Overview
  - 9.4.9.2. Product Portfolio
  - 9.4.9.3. Financial Overview
  - 9.4.9.4. Business Strategies and Developments
- 9.4.10. Zhejiang Kaisn Fluorochemical Co., Ltd.
  - 9.4.10.1. Company Overview
  - 9.4.10.2. Product Portfolio
  - 9.4.10.3. Financial Overview
  - 9.4.10.4. Business Strategies and Developments
- 9.4.11. Do-Fluoride Chemicals Co.,Ltd.
  - 9.4.11.1. Company Overview
  - 9.4.11.2. Product Portfolio
  - 9.4.11.3. Financial Overview
  - 9.4.11.4. Business Strategies and Developments

10. Appendix

10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations