Global Hydrogen Fluoride Market Size is expected to reach 3784.1 million USD by the end of 2026, growing at a CAGR of 5.0% During 2021-2026.
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.
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.
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.
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 and others.
Hydrogen Fluoride Market is segmented based on the type, applications, companies and regions.
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.
The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2021-2026. The report presents the analysis of Hydrogen Fluoride Market for the historical period of 2017-2021 and the forecast period of 2021-2026.
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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.