Global Hydrofluoric Acid Market Size is Projected to Reach 2.1 million USD by 2023

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The Hydrofluoric Acid industry was 1.6 million USD in 2017 and is projected to reach 2.1 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 5.5% between 2017 and 2023. The market is driven by various end-user industries, such as Fluorocarbons, Fluorinated Derivatives, Metal Pickling, Glass Etching.

The industry is less concentration, the key brand include Honeywell International (US), Daikin (Japan), Solvay (Belgium), Dongyue Group (China), Mexichem (Mexico), Sinochem Group (China), LANXESS (Germany), Yingpeng Group (China), Fluoride Chemical (China), and Fluorchemie Group (Germany).

The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow upward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

The Global Hydrofluoric Acid Market Research Report 2018 report released by QYResearch provides a basic overview of the Hydrofluoric Acid industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

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The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Hydrofluoric Acid industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Hydrofluoric acid is a solution of hydrogen fluoride (HF) in water. It is a colourless solution that is highly corrosive, capable of dissolving many materials, especially oxides. Electronic grade hydrofluoric acid is divided into EL, UP, UPS, UPSS.

Currently, a few companies in the world can produce Electronic Grade Hydrofluoric Acid product, especially high-grade products. They mainly concentrated in China, Taiwan and Japan. The main market players are Stella Chemifa Corp, FDAC, and Zhejiang Kaiheng Electronic Materials etc. In the past five years, the sales volume of Electronic Grade Hydrofluoric Acid increased to from 176 K MT in 2012 to 252 K MT in 2016, with an average growth rate of 9.41%.

In consumption market, the growth rate of global consumption is fast relatively. China is still the mainly consumption regions due to the advanced downstream industries and rapid development of economy. However, the demand in China is mainly concentrated in the field of EL grade.

Electronic Grade Hydrofluoric Acid can be classified as four types according to the purity, include UP Grade, UP-S Grade, UP-SS Grade and EL Grade. It can be widely used in many industries. Survey results showed that 61% of the Electronic Grade Hydrofluoric Acid market is integrated circuit industry, 17% is used in monitor panel industry. The downstream market demand is from Monitor Panel field.

The major raw material for Electronic Grade Hydrofluoric Acid is AHF. In the global market, supply of raw materials is full. Initial materials fluorite mainly concentrated in China, Mongolia, South Africa and Mexico. In the world wide, giant manufactures mainly distribute in those areas. China has a long history and unshakable status in this industry. Fluctuations in the price of the upstream product will impact on the production cost of Electronic Grade Hydrofluoric Acid industry. The price changes in 2017 are mainly due to the sharp rise in the price of fluorite.

Study Group believes that the development potential of this industry has a huge space, especially in the case of the development of downstream products with high added value is developed fast.

The Hydrofluoric Acid industry was 1.6 million USD in 2017 and is projected to reach 2.1 million USD by 2023, at a CAGR (Compounded Annual Growth Rate) of 5.5% between 2017 and 2023. The market is driven by various end-user industries, such as Fluorocarbons, Fluorinated Derivatives, Metal Pickling, Glass Etching.

The global Hydrofluoric Acid market is valued at 690 million US$ in 2017 and will reach 1290 million US$ by the end of 2025, growing at a CAGR of 9.4% during 2018-2025.

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