Hydrofluoric Acid Market Size, Share, Trends, Industry Analysis Report By Grade (Anhydrous, Diluted), By Application (Fluorocarbon, Fluorinated Derivatives, Metal Pickling, Glass Etching, Oil Refining, Others), By Region

Description

List of Tables

The global hydrofluoric acid market size is expected to reach USD 2.32 billion by 2034, according to a new study by Polaris Market Research. The report "Hydrofluoric Acid Market Size, Share, Trends, Industry Analysis Report By Grade (Anhydrous, Diluted), By Application (Fluorocarbon, Fluorinated Derivatives, Metal Pickling, Glass Etching, Oil Refining, Others), By Region - Market Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.

The hydrofluoric acid market involves the production, distribution, and consumption of hydrofluoric acid (HF), a highly corrosive and colorless chemical compound. This essential inorganic acid is widely recognized for its unique properties, including its ability to dissolve glass and many other materials. Due to its high reactivity and versatility, hydrofluoric acid serves as a fundamental building block for a vast array of fluorine-containing compounds. It is supplied in various grades, such as anhydrous (without water) and diluted forms, to meet the specific purity and concentration requirements of diverse industrial applications.

The overall outlook of the hydrofluoric acid industry is shaped by a combination of demand from key end-use industries and the availability of its primary raw material, fluorspar. Its importance in the manufacturing of fluorocarbons for refrigerants, propellants, and blowing agents is a major driver. Furthermore, the burgeoning electronics and semiconductor sectors heavily rely on high-purity hydrofluoric acid for etching and cleaning processes vital to microchip production. Other significant applications include metal pickling, glass etching, and as a catalyst in oil refining. The market's dynamics are also influenced by environmental regulations concerning fluorine compounds and ongoing efforts to develop more sustainable production methods and end-use applications.

Hydrofluoric Acid Market Report Highlights

By grade, the anhydrous segment held the largest share in 2024 due to its critical role in the production of fluorocarbons and its extensive use in the petrochemical industry. Its high purity and absence of water are essential for various chemical processes, making it indispensable for large-scale industrial applications globally.

In terms of application, the fluorocarbon production segment held the largest share in 2024. This is driven by the consistent global demand for fluorocarbons, which are vital for manufacturing refrigerants, air conditioning systems, and various blowing agents, thereby consuming a significant volume of hydrofluoric acid.

Based on region, Asia Pacific is the largest and most dynamic market for hydrofluoric acid, primarily fueled by rapid industrialization and the expansive growth of manufacturing sectors within its economies. The North American hydrofluoric acid market is a mature yet significant region, driven by established industries such as petroleum refining, chemical manufacturing, and a growing emphasis on high-tech sectors.

A few key players in the market include Honeywell International Inc.; Solvay; Daikin Industries, Ltd.; LANXESS; Stella Chemifa Corporation; Orbia (Koura); Fluorchemie Group; Dongyue Group Ltd.; Merck KGaA; Navin Fluorine International Limited; The Chemours Company; and Derivados Del Fluor.

Polaris Market Research has segmented the hydrofluoric acid market report on the basis of grade, application, and region:

By Grade Outlook (Volume, Kilotons; Revenue - USD Billion, 2020-2034)

Anhydrous

Diluted

By Application Outlook (Volume, Kilotons; Revenue - USD Billion, 2020-2034)

Fluorocarbon

Fluorinated Derivatives

Metal Pickling

Glass Etching

Oil Refining

Others

By Regional Outlook (Volume, Kilotons; Revenue - USD Billion, 2020-2034)

North America

U.S.

Canada

Europe

Germany

France

Italy

Spain

Netherlands

Russia

Rest of Europe

Asia Pacific

China

Japan

India

Malaysia

South Korea

Indonesia

Australia

Vietnam

Rest of Asia Pacific

Middle East & Africa

Saudi Arabia

UAE

Israel

South Africa

Rest of Middle East & Africa

Latin America

Mexico

Brazil

Argentina

Rest of Latin America

Product Code: PM6187

1. Introduction

1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
1.2. Stakeholders

2. Executive Summary

2.1. Market Highlights

3. Research Methodology

3.1. Overview
- 3.1.1. Data Mining
3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources

4. Global Hydrofluoric Acid Market Insights

4.1. Hydrofluoric Acid Market - Market Snapshot
4.2. Hydrofluoric Acid Market Dynamics
- 4.2.1. Drivers and Opportunities
  - 4.2.1.1. Increasing Demand from the Fluorocarbon Industry
  - 4.2.1.2. Growth in the Electronics and Semiconductor Industry
- 4.2.2. Restraints and Challenges
  - 4.2.2.1. Stringent Environmental and Safety Regulations
4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Hydrofluoric Acid Market Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis

5. Global Hydrofluoric Acid Market, by Grade

5.1. Key Findings
5.2. Introduction
- 5.2.1. Global Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
5.3. Anhydrous
- 5.3.1. Global Hydrofluoric Acid Market, by Anhydrous, by Region, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
5.4. Diluted
- 5.4.1. Global Hydrofluoric Acid Market, by Diluted, by Region, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)

6. Global Hydrofluoric Acid Market, by Application

6.1. Key Findings
6.2. Introduction
- 6.2.1. Global Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
6.3. Fluorocarbon
- 6.3.1. Global Hydrofluoric Acid Market, by Fluorocarbon, by Region, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
6.4. Fluorinated Derivatives
- 6.4.1. Global Hydrofluoric Acid Market, by Fluorinated Derivatives, by Region, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
6.5. Metal Pickling
- 6.5.1. Global Hydrofluoric Acid Market, by Metal Pickling, by Region, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
6.6. Glass Etching
- 6.6.1. Global Hydrofluoric Acid Market, by Glass Etching, by Region, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
6.7. Oil Refining
- 6.7.1. Global Hydrofluoric Acid Market, by Oil Refining, by Region, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
6.8. Others
- 6.8.1. Global Hydrofluoric Acid Market, by Others, by Region, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)

7. Global Hydrofluoric Acid Market, by Geography

7.1. Key Findings
7.2. Introduction
- 7.2.1. Hydrofluoric Acid Market Assessment, By Geography, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
7.3. Hydrofluoric Acid Market - North America
- 7.3.1. North America: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.3.2. North America: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.3.3. Hydrofluoric Acid Market - U.S.
  - 7.3.3.1. U.S.: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.3.3.2. U.S.: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.3.4. Hydrofluoric Acid Market - Canada
  - 7.3.4.1. Canada: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.3.4.2. Canada: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
7.4. Hydrofluoric Acid Market - Europe
- 7.4.1. Europe: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.4.2. Europe: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.4.3. Hydrofluoric Acid Market - UK
  - 7.4.3.1. UK: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.4.3.2. UK: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.4.4. Hydrofluoric Acid Market - France
  - 7.4.4.1. France: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.4.4.2. France: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.4.5. Hydrofluoric Acid Market - Germany
  - 7.4.5.1. Germany: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.4.5.2. Germany: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.4.6. Hydrofluoric Acid Market - Italy
  - 7.4.6.1. Italy: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.4.6.2. Italy: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.4.7. Hydrofluoric Acid Market - Spain
  - 7.4.7.1. Spain: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.4.7.2. Spain: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.4.8. Hydrofluoric Acid Market - Netherlands
  - 7.4.8.1. Netherlands: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.4.8.2. Netherlands: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.4.9. Hydrofluoric Acid Market - Russia
  - 7.4.9.1. Russia: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.4.9.2. Russia: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.4.10. Hydrofluoric Acid Market - Rest of Europe
  - 7.4.10.1. Rest of Europe: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.4.10.2. Rest of Europe: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
7.5. Hydrofluoric Acid Market - Asia Pacific
- 7.5.1. Asia Pacific: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.5.2. Asia Pacific: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.5.3. Hydrofluoric Acid Market - China
  - 7.5.3.1. China: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.5.3.2. China: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.5.4. Hydrofluoric Acid Market - India
  - 7.5.4.1. India: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.5.4.2. India: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.5.5. Hydrofluoric Acid Market - Malaysia
  - 7.5.5.1. Malaysia: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.5.5.2. Malaysia: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.5.6. Hydrofluoric Acid Market - Japan
  - 7.5.6.1. Japan: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.5.6.2. Japan: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.5.7. Hydrofluoric Acid Market - Indonesia
  - 7.5.7.1. Indonesia: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.5.7.2. Indonesia: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.5.8. Hydrofluoric Acid Market - South Korea
  - 7.5.8.1. South Korea: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.5.8.2. South Korea: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.5.9. Hydrofluoric Acid Market - Australia
  - 7.5.9.1. Australia: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.5.9.2. Australia: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.5.10. Hydrofluoric Acid Market - Rest of Asia Pacific
  - 7.5.10.1. Rest of Asia Pacific: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.5.10.2. Rest of Asia Pacific: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
7.6. Hydrofluoric Acid Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.6.2. Middle East & Africa: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.6.3. Hydrofluoric Acid Market - Saudi Arabia
  - 7.6.3.1. Saudi Arabia: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.6.3.2. Saudi Arabia: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.6.4. Hydrofluoric Acid Market - UAE
  - 7.6.4.1. UAE: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.6.4.2. UAE: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.6.5. Hydrofluoric Acid Market - Israel
  - 7.6.5.1. Israel: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.6.5.2. Israel: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.6.6. Hydrofluoric Acid Market - South Africa
  - 7.6.6.1. South Africa: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.6.6.2. South Africa: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.6.7. Hydrofluoric Acid Market - Rest of Middle East & Africa
  - 7.6.7.1. Rest of Middle East & Africa: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.6.7.2. Rest of Middle East & Africa: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
7.7. Hydrofluoric Acid Market - Latin America
- 7.7.1. Latin America: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.7.2. Latin America: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.7.3. Hydrofluoric Acid Market - Mexico
  - 7.7.3.1. Mexico: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.7.3.2. Mexico: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.7.4. Hydrofluoric Acid Market - Brazil
  - 7.7.4.1. Brazil: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.7.4.2. Brazil: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.7.5. Hydrofluoric Acid Market - Argentina
  - 7.7.5.1. Argentina: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.7.5.2. Argentina: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
- 7.7.6. Hydrofluoric Acid Market - Rest of Latin America
  - 7.7.6.1. Rest of Latin America: Hydrofluoric Acid Market, by Grade, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)
  - 7.7.6.2. Rest of Latin America: Hydrofluoric Acid Market, by Application, 2020-2034 (Volume, Kilotons; Revenue-USD Billion)

8. Competitive Landscape

8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions

9. Company Profiles

9.1. Daikin Industries, Ltd.
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
9.2. Derivados Del Fluor
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
9.3. Dongyue Group Ltd.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
9.4. Fluorchemie Group
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
9.5. Honeywell International Inc.
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
9.6. LANXESS
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
9.7. Merck KGaA
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
9.8. Navin Fluorine International Limited
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
9.9. Orbia (Koura)
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
9.10. Solvay
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
9.11. Stella Chemifa Corporation
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
9.12. The Chemours Company
- 9.12.1. Company Overview
- 9.12.2. Financial Performance
- 9.12.3. Product Benchmarking
- 9.12.4. Recent Development