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.
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.
By geography, 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.
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.
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