Anhydrous Hydrogen Fluoride Market Forecasts to 2028 - Global Analysis By Product Type (>99.99 AHF, >99.90 AHF and >99.70 AHF), By Application (Chemical, Mining, Metallurgical and Other Applications) and Geography

According to Stratistics MRC, the Global Anhydrous Hydrogen Fluoride Market is accounted for $2.57 billion in 2022 and is expected to reach $3.87 billion by 2028 growing at a CAGR of 7.1% during the forecast period. Anhydrous hydrogen fluoride is a colourless, corrosive liquid with a strong, penetrating odour. Anhydrous hydrogen fluoride vapour reacts with atmospheric moisture to form a dense cloud. Anhydrous hydrogen fluoride is used to etch glass products; it oxidises silicon tetrafluoride into fluorine, resulting in very smooth glass. The reaction of concentrated sulfuric acid with the acid-grade mineral fluorite or fluorspar produces anhydrous hydrogen fluoride. It is primarily used as a building block in the production of fluorine and fluorine chemicals. It is also widely used in the extraction, manufacturing, and processing of metals.

According to Eurofluor, more than 60% of the hydrogen fluoride produced across the globe is used to produce fluorocarbons. Posing strong demands from various industries, the anhydrous hydrogen fluoride market is expected to flourish in the coming years.

Market Dynamics:

Driver:

Rising Demand for Consumer Good Materials

Anhydrous hydrogen fluoride is used to make a variety of fluorine-containing chemicals. The strong demand for materials used in consumer goods made from anhydrous hydrogen fluoride may help the industry grow. Furthermore, the growing use of anhydrous hydrogen fluoride in a variety of modern applications is expected to boost sales. Additionally, the growing use of gas in the production of aluminium, electrical components, fluorescent light bulbs, high-octane gasoline, plastic products, refrigerants, pharmaceuticals, and herbicides is expected to drive up anhydrous hydrogen fluoride demand.

Restraint:

Strict regulations

Due to the high durability of fluorocarbons, they persist even after the end of the equipment's service life when used in air conditioners and other products. When these fluorocarbons enter the environment, their slower decay rate causes environmental problems. As a result, a few fluorocarbons are classified as persistent organic pollutants, impeding market growth.

Opportunity:

Rising production of Electric Vehicles

Governments around the world encourage the use of electric vehicles by enacting supportive policies and providing subsidies. The automobile industry has undergone a paradigm shift in recent years as it has embraced the electrification wave. Major automakers are heavily investing in the development of a new class of high-performance electric vehicles. Aluminum metal demand for automobile manufacturing is expected to rise significantly during the forecast period due to the rise in electric vehicles. As hydrogen fluoride is required for the extraction and processing of aluminium, the market is likely to benefit and encounter new growth opportunities.

Threat:

Extensive usage results in damaging the environment

A few of these fluorocarbons have been banned under the Montreal Protocol to protect the environment and the ozone layer from depletion. International organisations and governments all over the world are working together to phase out these dangerous chemicals. As a result, in order to meet the stringent standards, businesses are opting for alternatives to some of these fluorocarbon chemicals, reducing the use of raw materials. The periodic phase-out of hazardous chemicals made with anhydrous hydrogen fluoride is likely to have an impact on demand, limiting market growth.

COVID-19 Impact

Following the declaration of COVID-19 as a pandemic, the chemical manufacturing industries faced supply chain, manpower, and utility challenges. Lockdowns in major fluorochemicals producing countries such as China, India, and the United States resulted in lower output. As fluorochemical production and end-users demand fell, so did consumption of anhydrous hydrogen fluoride. The automotive industry is a major consumer of fluoropolymers. The COVID-19 impact on global automotive production was significant, which hampered the growth of fluoropolymers and, as a result, the Anhydrous Hydrogen Fluoride market. This production revamp gradually restored demand for hydrogen fluoride products. The fluorochemicals and hydrogen fluoride industries are expected to recover slowly in the coming years with mitigation strategies and government support.

The <99.90 AHF is expected to be the largest during the forecast period

The <99.90 AHF segment is expected to be the largest segment during the forecast period due to increase in demand for chemical, metal, and metallurgical applications. All of these applications combined accounted for more than 90% of total consumption which results in the segment's dominance is expected to continue in the near future.

The Chemical segment is expected to have the highest CAGR during the forecast period

During the forecast period, the Chemical segment is expected to register the highest CAGR growth. The majority of fluorine-containing chemicals use anhydrous hydrogen fluoride as a starting material. The major chemicals produced by hydrogen fluoride include, among other things, refrigerants, pharmaceuticals, herbicides, and plastics. Fluorochemicals make up a sizable portion of the total chemicals produced with hydrogen fluoride. These chemicals are widely used in refrigerators and air conditioners as cooling agents. Such a wide range of chemical usage in various industries ensures huge growth for the segment, which helps to ensure market growth.

Region with largest share:

During the forecast period, Asia Pacific is expected to hold the largest share owing to a variety of factors, including increased consumer electronics industry demand in China, India, and South Korea. China was the largest producer and exporter of anhydrous hydrogen fluoride, followed by Japan and France, respectively, due to their high production capacities. Moreover, increasing manufacturing activities across end-user industries such as automotive and construction and rising investments by key players in R&D and product development initiatives are driving global automakers' focus on electric vehicles, which require fluoropolymers, and driving the market in this region.

Region with highest CAGR:

The North America region is expected to witness the highest CAGR growth during the forecast period, owing to an expanding consumer electronics industry as well as increased manufacturing activities in various end-use segments such as automotive and construction that are propelling this market forward in this region. In the North American region, the United States is one of the world's leading chemical producers, accounting for roughly 25% of the country's GDP. The country has a strong international presence as well as high domestic demand, where it contributes as a key market player in the region.

Key players in the market

Some of the key players profiled in the Anhydrous Hydrogen Fluoride Market include Solvay SA, The Linde Group, DERIVADOS DEL FLUOR, HaloPolymer, OJSC, Arkema, Honeywell International, Navin Fluorine International Ltd., Shaowu Huaxin Chemical, Juhua Group, 3F industries ltd, Sinochem Lantian, Sanmei Chemical, Foosung Co. Ltd., Foshan Nanhai Shuangfu Chemical Co., Ltd and Fubao Group.

Key Developments:

In March 2022, Foosung Co. Ltd., Koura, and Mayor of K?dzierzyn-Ko?le, Poland, signed a triparte letter of intent for the supply of Foosung Co. Ltd. inorganic fluorine compounds for use in lithium-ion batteries

In June 2020, Arkema partnered with Nutrien, an agriculture company, to build an anhydrous hydrogen fluoride facility at Nutrien's site in Aurora, North Carolina. The move helped Arkema in forward integration of hydrogen fluoride as it will be supplied to the fluorine chemicals plant of Arkema in Calvert City, Kentucky.

Product Types Covered:

• >99.99 AHF
• >99.90 AHF
• >99.70 AHF

Applications Covered:

• Chemical
• Mining
• Metallurgical
• Other Applications

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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