Global hydrofluoric acid market projected to reach USD 5.09 billion by 2032 with 6.15% CAGR
From GlobeNewswire: 2025-06-11 09:45:00
The global hydrofluoric acid market was valued at USD 3.16 billion in 2024, projected to reach USD 5.09 billion by 2032 with a CAGR of 6.15%. Demand is driven by chemical processing, electronics, and semiconductor Fab investments, particularly in Asia-Pacific for silicon wafer etching and cleaning.
The U.S led the North American market with USD 466.53 million in 2024, accounting for 57% market share. Strong industrial base in chemical manufacturing, oil refining, and electronics, with fluorochemical synthesis factories using hydrofluoric acid. Automotive and consumer electronics sectors also drive demand for aluminum, etching, and refrigerants.
Anhydrous hydrofluoric acid dominated the market in 2024, accounting for 58.3% share, used in fluorocarbons and aluminum production. Fluorocarbon segment led applications in 2024, accounting for 33.2% global revenue. Asia Pacific held the largest market share in 2023 at 39.7%, driven by industrial growth in China, India, South Korea, and Japan.
Recent developments include Honeywell International launching solid acid catalyst technology as an alternative to liquid hydrofluoric acid, improving refinery safety. Gujarat Fluorochemicals Limited increased hydrofluoric acid production volume by 25% in 2024 to meet higher demand in fluoropolymer and electronics industries. SNS Insider is a leading market research agency providing current, accurate market data and insights globally.
Read more at GlobeNewswire: Hydrofluoric Acid Market to Reach USD 5.09 Billion by 2032