Anhydrous Hydrogen Fluoride Market
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
Years Covered |
2020-2028 |
Estimated Year Value (2022) |
US $2.57 BN |
Projected Year Value (2028) |
US $3.87 BN |
CAGR (2022 - 2028) |
7.1% |
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
Largest Market |
Asia Pacific |
Highest Growing Market |
North America |
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
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o 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
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Anhydrous Hydrogen Fluoride Market, By Product Type
5.1 Introduction
5.2 >99.99 AHF
5.3 >99.90 AHF
5.4 >99.70 AHF
6 Global Anhydrous Hydrogen Fluoride Market, By Application
6.1 Introduction
6.2 Chemical
6.3 Mining
6.4 Metallurgical
6.5 Other Applications
7 Global Anhydrous Hydrogen Fluoride Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 US
7.2.2 Canada
7.2.3 Mexico
7.3 Europe
7.3.1 Germany
7.3.2 UK
7.3.3 Italy
7.3.4 France
7.3.5 Spain
7.3.6 Rest of Europe
7.4 Asia Pacific
7.4.1 Japan
7.4.2 China
7.4.3 India
7.4.4 Australia
7.4.5 New Zealand
7.4.6 South Korea
7.4.7 Rest of Asia Pacific
7.5 South America
7.5.1 Argentina
7.5.2 Brazil
7.5.3 Chile
7.5.4 Rest of South America
7.6 Middle East & Africa
7.6.1 Saudi Arabia
7.6.2 UAE
7.6.3 Qatar
7.6.4 South Africa
7.6.5 Rest of Middle East & Africa
8 Key Developments
8.1 Agreements, Partnerships, Collaborations and Joint Ventures
8.2 Acquisitions & Mergers
8.3 New Product Launch
8.4 Expansions
8.5 Other Key Strategies
9 Company Profiling
9.1 Solvay SA
9.2 The Linde Group
9.3 DERIVADOS DEL FLUOR
9.4 HaloPolymer, OJSC
9.5 Arkema
9.6 Honeywell International
9.7 Navin Fluorine International Ltd.
9.8 Shaowu Huaxin Chemical
9.9 Juhua Group
9.10 3F industries ltd
9.11 Sinochem Lantian
9.12 Sanmei Chemical
9.13 Foosung Co. Ltd.
9.14 Foshan Nanhai Shuangfu Chemical Co., Ltd
9.15 Fubao Group
List of Tables
1 Global Anhydrous Hydrogen Fluoride Market Outlook, By Region (2020-2028) ($MN)
2 Global Anhydrous Hydrogen Fluoride Market Outlook, By Product Type (2020-2028) ($MN)
3 Global Anhydrous Hydrogen Fluoride Market Outlook, By >99.99 AHF (2020-2028) ($MN)
4 Global Anhydrous Hydrogen Fluoride Market Outlook, By >99.90 AHF (2020-2028) ($MN)
5 Global Anhydrous Hydrogen Fluoride Market Outlook, By >99.70 AHF (2020-2028) ($MN)
6 Global Anhydrous Hydrogen Fluoride Market Outlook, By Application (2020-2028) ($MN)
7 Global Anhydrous Hydrogen Fluoride Market Outlook, By Chemical (2020-2028) ($MN)
8 Global Anhydrous Hydrogen Fluoride Market Outlook, By Mining (2020-2028) ($MN)
9 Global Anhydrous Hydrogen Fluoride Market Outlook, By Metallurgical (2020-2028) ($MN)
10 Global Anhydrous Hydrogen Fluoride Market Outlook, By Other Applications (2020-2028) ($MN)
11 North America Anhydrous Hydrogen Fluoride Market Outlook, By Country (2020-2028) ($MN)
12 North America Anhydrous Hydrogen Fluoride Market Outlook, By Product Type (2020-2028) ($MN)
13 North America Anhydrous Hydrogen Fluoride Market Outlook, By >99.99 AHF (2020-2028) ($MN)
14 North America Anhydrous Hydrogen Fluoride Market Outlook, By >99.90 AHF (2020-2028) ($MN)
15 North America Anhydrous Hydrogen Fluoride Market Outlook, By >99.70 AHF (2020-2028) ($MN)
16 North America Anhydrous Hydrogen Fluoride Market Outlook, By Application (2020-2028) ($MN)
17 North America Anhydrous Hydrogen Fluoride Market Outlook, By Chemical (2020-2028) ($MN)
18 North America Anhydrous Hydrogen Fluoride Market Outlook, By Mining (2020-2028) ($MN)
19 North America Anhydrous Hydrogen Fluoride Market Outlook, By Metallurgical (2020-2028) ($MN)
20 North America Anhydrous Hydrogen Fluoride Market Outlook, By Other Applications (2020-2028) ($MN)
21 Europe Anhydrous Hydrogen Fluoride Market Outlook, By Country (2020-2028) ($MN)
22 Europe Anhydrous Hydrogen Fluoride Market Outlook, By Product Type (2020-2028) ($MN)
23 Europe Anhydrous Hydrogen Fluoride Market Outlook, By >99.99 AHF (2020-2028) ($MN)
24 Europe Anhydrous Hydrogen Fluoride Market Outlook, By >99.90 AHF (2020-2028) ($MN)
25 Europe Anhydrous Hydrogen Fluoride Market Outlook, By >99.70 AHF (2020-2028) ($MN)
26 Europe Anhydrous Hydrogen Fluoride Market Outlook, By Application (2020-2028) ($MN)
27 Europe Anhydrous Hydrogen Fluoride Market Outlook, By Chemical (2020-2028) ($MN)
28 Europe Anhydrous Hydrogen Fluoride Market Outlook, By Mining (2020-2028) ($MN)
29 Europe Anhydrous Hydrogen Fluoride Market Outlook, By Metallurgical (2020-2028) ($MN)
30 Europe Anhydrous Hydrogen Fluoride Market Outlook, By Other Applications (2020-2028) ($MN)
31 Asia Pacific Anhydrous Hydrogen Fluoride Market Outlook, By Country (2020-2028) ($MN)
32 Asia Pacific Anhydrous Hydrogen Fluoride Market Outlook, By Product Type (2020-2028) ($MN)
33 Asia Pacific Anhydrous Hydrogen Fluoride Market Outlook, By >99.99 AHF (2020-2028) ($MN)
34 Asia Pacific Anhydrous Hydrogen Fluoride Market Outlook, By >99.90 AHF (2020-2028) ($MN)
35 Asia Pacific Anhydrous Hydrogen Fluoride Market Outlook, By >99.70 AHF (2020-2028) ($MN)
36 Asia Pacific Anhydrous Hydrogen Fluoride Market Outlook, By Application (2020-2028) ($MN)
37 Asia Pacific Anhydrous Hydrogen Fluoride Market Outlook, By Chemical (2020-2028) ($MN)
38 Asia Pacific Anhydrous Hydrogen Fluoride Market Outlook, By Mining (2020-2028) ($MN)
39 Asia Pacific Anhydrous Hydrogen Fluoride Market Outlook, By Metallurgical (2020-2028) ($MN)
40 Asia Pacific Anhydrous Hydrogen Fluoride Market Outlook, By Other Applications (2020-2028) ($MN)
41 South America Anhydrous Hydrogen Fluoride Market Outlook, By Country (2020-2028) ($MN)
42 South America Anhydrous Hydrogen Fluoride Market Outlook, By Product Type (2020-2028) ($MN)
43 South America Anhydrous Hydrogen Fluoride Market Outlook, By >99.99 AHF (2020-2028) ($MN)
44 South America Anhydrous Hydrogen Fluoride Market Outlook, By >99.90 AHF (2020-2028) ($MN)
45 South America Anhydrous Hydrogen Fluoride Market Outlook, By >99.70 AHF (2020-2028) ($MN)
46 South America Anhydrous Hydrogen Fluoride Market Outlook, By Application (2020-2028) ($MN)
47 South America Anhydrous Hydrogen Fluoride Market Outlook, By Chemical (2020-2028) ($MN)
48 South America Anhydrous Hydrogen Fluoride Market Outlook, By Mining (2020-2028) ($MN)
49 South America Anhydrous Hydrogen Fluoride Market Outlook, By Metallurgical (2020-2028) ($MN)
50 South America Anhydrous Hydrogen Fluoride Market Outlook, By Other Applications (2020-2028) ($MN)
51 Middle East & Africa Anhydrous Hydrogen Fluoride Market Outlook, By Country (2020-2028) ($MN)
52 Middle East & Africa Anhydrous Hydrogen Fluoride Market Outlook, By Product Type (2020-2028) ($MN)
53 Middle East & Africa Anhydrous Hydrogen Fluoride Market Outlook, By >99.99 AHF (2020-2028) ($MN)
54 Middle East & Africa Anhydrous Hydrogen Fluoride Market Outlook, By >99.90 AHF (2020-2028) ($MN)
55 Middle East & Africa Anhydrous Hydrogen Fluoride Market Outlook, By >99.70 AHF (2020-2028) ($MN)
56 Middle East & Africa Anhydrous Hydrogen Fluoride Market Outlook, By Application (2020-2028) ($MN)
57 Middle East & Africa Anhydrous Hydrogen Fluoride Market Outlook, By Chemical (2020-2028) ($MN)
58 Middle East & Africa Anhydrous Hydrogen Fluoride Market Outlook, By Mining (2020-2028) ($MN)
59 Middle East & Africa Anhydrous Hydrogen Fluoride Market Outlook, By Metallurgical (2020-2028) ($MN)
60 Middle East & Africa Anhydrous Hydrogen Fluoride Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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