Global Hydrogen Fluoride Market Size is expected to reach 3784.1 million USD by the end of 2027, growing at a CAGR of 5.0% During 2022-2027.
The development of the automobile industry will simultaneously surge the demand for hydrogen fluoride predominantly for the wide use of aluminium in the automobile. The strong demand from the chemical industry and the new product varieties in hydrogen fluoride and rising demand for hydrofluorocarbons (HFC) & hydrofluorolefins (HFO) along with the developing requirement for fluorine compounds in many industries will cultivate the market growth.
In the next years, the increasing usage of aluminium in the automotive industry will play a significant role in the expansion of the hydrogen fluoride market. Hydrogen fluoride is a vital raw ingredient in the production of aluminium fluoride and aluminium, both of which are utilised extensively in the automotive sector. As a result, as the vehicle industry grows, the need for hydrogen fluoride will increase significantly in the future years. The hydrogen fluoride market is expected to grow at a CAGR of over 5.0% by 2027, according to analysts.
Top Key players in the Hydrogen Fluoride Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Hydrogen Fluoride Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes AkzoNobel, PPG, Beckers, musashi paint, Cashew, SHERWIN-WILLIAMS, Natoca, Origin Company, Limited, SOKAN, HIPRO, RIDATL and others.
The new electronic grade hydrogen peroxide joint venture will build on Solvay’s experience in Asia, Europe and the United States
Solvay and Shinkong Synthetic Fibers Corporation declared that they have agreed upon the formation of a new joint venture, Shinsol Advanced Chemicals, for the development, production and promotion of electronic grade hydrogen peroxide.
The joint venture is scheduled to begin operations and will be located close to the Southern Taiwan Science Park near Tainan. The corporation aims to aid the booming Taiwan semiconductor industry with this crucial chemical agent for the production of integrated electronic circuits and will have a preliminary production capacity of 30,000 tons per annum - which can simply be augmented at a later stage, in line with market demand.
Solvay and its partner Veolia set up demo plant for recycling battery metals
As part of their partnership to empower the circular economy of EV battery metals in Europe through closed-loop recycling, Veolia and Solvay have entered a Joint Operation Agreement to begin their partnership in a demo phase.
Solvay and Veolia’s joint state-of-the-art technology will allow strategic metals from used EV batteries to be extracted and refined into high-purity metals ready to be reused in new batteries. As lithium-ion battery manufacturing in Europe is anticipated to rise radically, the project aims to decrease the ecological footprint of future EV batteries while securing a local supply source for critical raw materials.
Project Financing Agreements for $12 Billion ASU/Gasification/Power Joint Venture in Jazan, Saudi Arabia
Air Products (NYSE: APD), ACWA Power and Air Products Qudra announced the signing and finalization of definitive agreements for the asset acquisition and project financing of the $12 billion air separation unit (ASU)/gasification/power joint venture (JV) in Jazan Economic City.
Aramco via its subsidiary Saudi Aramco Power Company (SAPCO) has a 20 percent share in the JV; Air Products 46 percent; ACWA Power 25 percent; and Air Products Qudra 9 percent. Moreover, Air Products’ total ownership position is 50.6 percent by owning an additional 4.6 percent through Air Products Qudra.
Top Key players in the Hydrogen Fluoride Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Hydrogen Fluoride Market is fragmented with a large number of small players operating worldwide. The companies referred in the market research report includes Honeywell, Solvay, Mexichem, Derivados del Flúor, Airproducts, Morita, Sinochem Lantian, Sanmei Chemical, Yingpeng Chemical, Do-Fluoride Chemicals, Dongyue Group, Fujian Shaowu Yongfei Chemical, Shaowu Huaxin Chemical, Juhua Group, 3F, Fubao Group
Hydrogen Fluoride Market is segmented based on the type, applications, companies and regions.
Hydrogen Fluoride Market by Type:
Hydrogen Fluoride Market by Application:
The report offers in-depth assessment of the growth and other aspects of the Hydrogen Fluoride Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Asia Pacific is estimated to be the largest market for hydrofluoric acid and is projected to register the highest CAGR during the forecast period due to the presence of numerous fluorocarbon manufacturers in the region. China is expected to account for the largest share of the market in Asia Pacific until 2023. Major producers of hydrofluoric acid
Forecast Period 2022 to 2027 CAGR
CAGR of 5.0% during the review period (2022 to 2027).
Honeywell, Solvay, Mexichem, Derivados del Flúor, Airproducts, Morita, Sinochem Lantian, Sanmei Chemical, Yingpeng Chemical, Do-Fluoride Chemicals, Dongyue Group, Fujian Shaowu Yongfei Chemical, Shaowu Huaxin Chemical, Juhua Group, 3F, Fubao Group
2017 to 2021
2022 to 2027
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Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.