Global Anhydrous Hydrogen Fluoride Market Size, Share, Trends, Industry Growth by Type (>99.90%, <99.90%), by Application (Fluorogases, Fluoropolymers, Pesticides, Others), by Region, and Forecast to 2029

Report ID: RC74290 | Report Format: PDF + Excel | Starting Price: 2520/- USD | Last Updated: June 29th, 2023

The global anhydrous hydrogen fluoride market size was valued at around USD 3 billion in 2022 and estimated to grow at a sustainable CAGR of over 5.5% during the forecast period from 2023 to 2029. The growing use of the product in fluorogas and fluoropolymers is one of the key factor driving the market growth. Furthermore, the increasing demand for the product in various applications such as steel plants, agrochemicals, refrigeration, pharmaceuticals, etc, is further anticipated to propel the market growth. Moreover, the significant growth in the chemical industry and the increasing consumption of consumer goods around the world are expected to uplift the market over the forecast period.

Market Drivers:

Increasing demand from the chemical industry: Anhydrous hydrogen fluoride is a vital chemical intermediate used in various chemical processes and industries. It is used in the production of fluorocarbons, fluoropolymers, aluminum fluoride, and other fluorine-based chemicals. The growth of the chemical industry, particularly in sectors such as pharmaceuticals, refrigeration, electronics, and automotive, drives the demand for anhydrous hydrogen fluoride.

Growing demand for fluorinated compounds: Fluorinated compounds have a wide range of applications in industries such as electronics, automotive, aerospace, and construction. Anhydrous hydrogen fluoride is a key raw material for the production of these compounds, including fluorocarbons used in refrigerants, foam blowing agents, and solvents. The increasing demand for fluorinated compounds fuels the demand for anhydrous hydrogen fluoride.

Expansion of the aluminum industry: The aluminum industry is a significant consumer of anhydrous hydrogen fluoride. It is used as a fluxing agent in the production of aluminum, where it removes impurities and improves the metal’s quality. The growing demand for aluminum in industries such as automotive, construction, and packaging drives the demand for anhydrous hydrogen fluoride in the aluminum industry.

Increasing use in the pharmaceutical industry: Anhydrous hydrogen fluoride finds applications in the pharmaceutical industry for various purposes. It is used in the synthesis of pharmaceutical intermediates, as a catalyst in certain reactions, and in the production of active pharmaceutical ingredients (APIs). The pharmaceutical industry’s growth and the increasing demand for pharmaceutical products contribute to the demand for anhydrous hydrogen fluoride.

Growth in the electronics and semiconductor industry: The electronics and semiconductor industry relies on anhydrous hydrogen fluoride for various processes, including etching and cleaning of silicon wafers. As the demand for electronic devices, such as smartphones, tablets, and laptops, continues to grow, the need for anhydrous hydrogen fluoride in the electronics industry increases.

Technological advancements in manufacturing processes: Continuous advancements in manufacturing processes, such as improvements in production efficiency, safety, and environmental sustainability, drive the demand for anhydrous hydrogen fluoride. Manufacturers are investing in advanced technologies and equipment to optimize the production of anhydrous hydrogen fluoride and improve process safety and environmental compliance.

Favorable properties and performance characteristics: Anhydrous hydrogen fluoride offers unique properties and performance characteristics that make it a preferred choice in specific applications. Its high reactivity, strong acid properties, and ability to dissolve many inorganic materials make it useful in various chemical reactions and industrial processes.

Regulatory and safety compliance: The production, handling, and use of anhydrous hydrogen fluoride are subject to regulatory and safety standards due to its corrosive and toxic nature. Compliance with these regulations and safety standards is essential for manufacturers and end-users to ensure safe handling, storage, and transportation of anhydrous hydrogen fluoride. A focus on regulatory compliance drives the adoption of proper safety measures and promotes responsible usage of anhydrous hydrogen fluoride.

Market Snapshot:

Benchmark Year 2022
Market Size ~ USD 3 Billion in 2022
Market Growth (CAGR) > 5.5% (2023-2030)
Largest Market Share Asia Pacific
Analysis Period 2020-2030
Market Players Honeywell International Inc., Solvay, Linde plc, Arkema, and Lanxess

Market Insights:

By type, the <99.90% segment dominated the global anhydrous hydrogen fluoride market in 2022

The global anhydrous hydrogen fluoride market is bifurcated into type, application, and geography. On the basis of type, the market is further segmented into >99.90% and <99.90%. The <99.90% segment dominated the global market in 2022 and expected to grow at the same trend over the forecast period. The high demand for the product in chemical, metal, and metallurgical applications is a prominent factor driving the segment growth. On the flip side, with the purity of >99.90% segment is estimated to grow at a significant CAGR over the forecast period. The significant use of the product in specialty applications such as solar cell, electronics, pharmaceuticals, etc, is anticipated to propel the segment growth in the upcoming years.

By application, the fluorogases segment is expected to dominate the global market by 2029

On the basis of application, the market is segmented into fluorogases ,fluoropolymers, pesticides, and others. The fluorogases segment dominated the global anhydrous hydrogen fluoride market in 2022 and estimated to hold the largest revenue share of around 2/3 market share by the end of the analysis period. The widespread use of the product in the industrial application as well as the significant demand in refrigeration and cooling applications is estimated to drive the segment growth. On the flip side, the fluoropolymers segment is anticipated to register a significant CAGR by 2029. The significant use of the fluoropolymers in various applications such as automotive, electronics, semiconductors, etc, due to their various properties such as non-adhesive, distinctive, and low-friction is anticipated to propel the segment growth.

Anhydrous Hydrogen Fluoride Market Size & Forecast

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The anhydrous hydrogen fluoride comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2023 to 2029. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The anhydrous hydrogen fluoride market research report presents the analysis of each segment from 2020 to 2029 considering 2022 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2023 to 2029.

Historical & Forecast Period

  • 2020-21 – Historical Year
  • 2022 – Base Year
  • 2023-2029 – Forecast Period

Market Segmentation:

By Type:

  • >99.90%
  • <99.90%

By Application:

  • Fluorogases
  • Fluoropolymers
  • Pesticides
  • Others

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Regional Analysis:

By region, the increasing demand for the product is a significant factor to dominate the global market in the Asia Pacific

On the basis of region, the Asia Pacific dominated the global anhydrous hydrogen fluoride market in 2022 and anticipated to maintain its dominance over the forecast period. The growing demand for the product in industrial applications and consumer goods is a major factor driving the market in the region. Furthermore, the growing industrialization and the significant growth in the electronics and automobile industries are further anticipated to fuel the market growth in the Asia Pacific. Moreover, the growing chemical industry and the growing use in refrigeration applications are projected to propel the market over the forecast period.

Geographically, the anhydrous hydrogen fluoride market report comprises dedicated sections centering on the regional market revenue and trends. The anhydrous hydrogen fluoride market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The anhydrous hydrogen fluoride market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Anhydrous hydrogen fluoride market estimates have also been provided for the historical years 2020 & 2021 along with forecasts for the period from 2023 – 2029.

Competitive Assessment:

Some of the major market players operating in the global anhydrous hydrogen fluoride market are Honeywell International Inc., Solvay, Linde plc, Arkema, and Lanxess. Companies are exploring markets through expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

Key Companies:

  • Honeywell International Inc.
  • Solvay
  • Linde plc
  • Arkema
  • Lanxess
  • Navin Fluorine International Limited
  • Fubao Group
  • Foshan Nanhai Shuangfu Chemical Co., Ltd.
  • Foosung, Co Ltd.
  • Fluorchemie Dohna GmbH
  • Fluorsid S.p.A.
  • Derivados del Fluor SA

Key Questions Answered by Anhydrous Hydrogen Fluoride Market Report

  • Global anhydrous hydrogen fluoride market forecasts from 2023-2029
  • Regional market forecasts from 2023-2029 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2023-2029 covering 15 major countries from the regions as mentioned above
  • Anhydrous hydrogen fluoride submarket forecasts from 2023-2029 covering the market by type, application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level anhydrous hydrogen fluoride markets from 2023-2029
  • Competitive Landscape and market positioning of the top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Anhydrous Hydrogen Fluoride Market Portraiture
2.2. Global Anhydrous Hydrogen Fluoride Market, by Type, 2022 (USD Mn)
2.3. Global Anhydrous Hydrogen Fluoride Market, by Application, 2022 (USD Mn)
2.4. Global Anhydrous Hydrogen Fluoride Market, by Geography, 2022 (USD Mn)

 

3. Global Anhydrous Hydrogen Fluoride Market Analysis


3.1. Anhydrous Hydrogen Fluoride Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Anhydrous Hydrogen Fluoride Market By Type, 2020 – 2029 (USD Mn)


4.1. Overview
4.2. >99.90%
4.3. <99.90%

 

5. Global Anhydrous Hydrogen Fluoride Market By Application, 2020 – 2029 (USD Mn)


5.1. Overview
5.2. Fluorogases
5.3. Fluoropolymers
5.4. Pesticides
5.5. Others

 

6. North America Anhydrous Hydrogen Fluoride Market Analysis and Forecast, 2020 – 2029 (USD Mn)


6.1. Overview
6.2. North America Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
6.3. North America Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
6.4. North America Anhydrous Hydrogen Fluoride Market by Country, (2020-2029 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
6.4.1.2. U.S. Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
6.4.2.2. Canada Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)

 

7. Europe Anhydrous Hydrogen Fluoride Market Analysis and Forecast, 2020 - 2029 (USD Mn)


7.1. Overview
7.2. Europe Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
7.3. Europe Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
7.4. Europe Anhydrous Hydrogen Fluoride Market by Country, (2020-2029 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
7.4.1.2. Germany Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
7.4.2.2. U.K. Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
7.4.3. France
7.4.3.1. France Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
7.4.3.2. France Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
7.4.4. Spain
7.4.4.1. Spain Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
7.4.4.2. Spain Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
7.4.5. Italy
7.4.5.1. Italy Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
7.4.5.2. Italy Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
7.4.6. Rest of Europe
7.4.6.1. Rest of Europe Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
7.4.6.2. Rest of Europe Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)

 

8. Asia Pacific Anhydrous Hydrogen Fluoride Market Analysis and Forecast, 2020 - 2029 (USD Mn)


8.1. Overview
8.2. Asia Pacific Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
8.3. Asia Pacific Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
8.4. Asia Pacific Anhydrous Hydrogen Fluoride Market by Country, (2020-2029 USD Mn)
8.4.1. China
8.4.1.1. China Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
8.4.1.2. China Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
8.4.2.2. Japan Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
8.4.3. India
8.4.3.1. India Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
8.4.3.2. India Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
8.4.4. Rest of Asia Pacific
8.4.4.1. Rest of Asia Pacific Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
8.4.4.2. Rest of Asia Pacific Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)

 

9. Latin America (LATAM) Anhydrous Hydrogen Fluoride Market Analysis and Forecast, 2020 - 2029 (USD Mn)


9.1. Overview
9.2. Latin America Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
9.3. Latin America Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
9.4. Latin America Anhydrous Hydrogen Fluoride Market by Country, (2020-2029 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
9.4.1.2. Brazil Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
9.4.2. Mexico
9.4.2.1. Mexico Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
9.4.2.2. Mexico Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
9.4.3.2. Rest of Latin America Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)

 

10. Middle East and Africa Anhydrous Hydrogen Fluoride Market Analysis and Forecast, 2020 - 2029 (USD Mn)


10.1. Overview
10.2. MEA Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
10.3. MEA Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
10.4. Middle East and Africa Anhydrous Hydrogen Fluoride Market, by Country, (2020-2029 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
10.4.1.2. GCC Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
10.4.2.2. South Africa Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Anhydrous Hydrogen Fluoride Market by Type, (2020-2029 USD Mn)
10.4.3.2. Rest of MEA Anhydrous Hydrogen Fluoride Market by Application, (2020-2029 USD Mn)

 

11. Company Profiles


11.1. Honeywell International Inc.
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Solvay
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Linde plc
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Arkema
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Lanxess
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Navin Fluorine International Limited
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. Fubao Group
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Foshan Nanhai Shuangfu Chemical Co., Ltd.
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Foosung, Co Ltd.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Fluorchemie Dohna GmbH
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
11.11. Fluorsid S.p.A.
11.11.1. Business Description
11.11.2. Financial Health and Budget Allocation
11.11.3. Product Positions/Portfolio
11.11.4. Recent Development
11.11.5. SWOT Analysis
11.12. Derivados del Fluor SA
11.12.1. Business Description
11.12.2. Financial Health and Budget Allocation
11.12.3. Product Positions/Portfolio
11.12.4. Recent Development
11.12.5. SWOT Analysis
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