Anhydrous Hydrogen Fluoride Market Size, Share & Trends Analysis Report By Application (Fluoropolymers, Fluorogases, Pesticides), By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global anhydrous hydrogen fluoride market size was valued at USD 2,869.80 million in 2021 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.7% from 2022 to 2030. This is attributable to the growing utilization of anhydrous hydrogen fluoride in fluorogas and fluoropolymers since they are considered a prominent chemical compounds in fluoride chemistry and are widely used in agrochemicals, steel production, refrigeration applications, polymers, pharmaceuticals, etc. Increasing consumer demand is anticipated to boost the anhydrous hydrogen fluoride market demand during the forecasted period. Products like refrigerator gases, air conditioners, electronics, and automotive are expected to spur market expansion. Additionally, it is anticipated that a growing chemical industry worldwide, as well as an increase in the number of manufacturing facilities, subsidiaries, and mergers & acquisitions in the area, will fuel demand for the product. 

Fluorspar is the main raw material used for the production of anhydrous hydrogen fluoride. As per the national renewable energy laboratory, China mines more acid-grade5 fluorspar than any other country in the world, at 2,500 ktons annually (USGS 2017). Mexico is the second-largest producer of acid-grade fluorspar at around 600 ktons annually, followed by South Africa (150 ktons).

The global anhydrous hydrogen fluoride has emerged as one of the growing markets in the world owing to the rapid growth of the consumer goods industry and the rapidly growing chemical industry. Moreover, Asia Pacific has been witnessing surged demand for the fluorine chemicals that are used in metal extraction and metallurgical applications whereas North America has been witnessing an increase in demand due to the growing chemical manufacturing industry in the region.

The growth of the anhydrous hydrogen fluoride market is supported by the wide application of fluorogases as they are used in the manufacturing of CFCs, HFCs, and HCFCs that are employed in refrigeration equipment, heating, ventilation, and air-conditioning (HVAC) systems, self-chilling beverages cans, and defrost systems. Vapor compression systems are the dominant technology used for residential and commercial air conditioning and refrigeration as well as mobile air conditioning. Further, the manufacturers of anhydrous hydrogen fluoride are expanding their production units globally owing to the easy and adequate availability of large volumes of raw materials such as fluorite.

The demand for anhydrous hydrogen fluoride has increased because it is a key component in the manufacture of many fluorine-containing chemicals. Numerous products, including cars and kitchenware, use these chemicals. Because of its high thermal stability, good chemical resistance, and efficient electrical properties, Teflon, a fluoropolymer is used extensively in a variety of applications including household cookware, semiconductors, electrical appliances, fabrics, and automobiles.

Application Insights

Fluorogases application segment dominated with the highest revenue share of 63.4% in 2021. This is attributable to their wide range of industrial applications including industrial refrigeration, commercial refrigeration, and air-conditioning systems.

Fluoropolymers are fluorocarbon-based polymers that include a group of plastics made of fluorine and carbon. Due to their distinctive, non-adhesive, and low-friction characteristics, fluoropolymers are frequently used in the automotive, semiconductor, electronics, and household appliance industries as well as in everyday household appliances. In addition, fluoropolymers outperform other polymers in terms of electrical performance, heat resistance, chemical resistance, and weather resistance.

Fluorine-based polymers are grouped because they have several useful properties from an industrial and commercial perspective because of the addition of fluorine. Fluoropolymers provide high resistance to solvents, acids, and bases. Teflon also referred to as polytetrafluoroethylene is the most well-known fluoropolymer. It is akin to being non-stick and resistant to chemical reactions and extreme temperatures. 

Regional Insights

Asia Pacific dominated the anhydrous hydrogen fluoride market with the highest revenue share of 40.4% in 2021. This is attributed to the increasing requirement for anhydrous hydrogen fluoride from the application industries like the consumer goods industry including the electronic industry and automobile industry in the region. The growth of these industries in the region is ascribed to the increasing population along with the increasing disposable income of the people in this region.

In Asia Pacific, the regulations for the production and usage of fluorine-based chemicals are fragile which promotes the production and usage of anhydrous hydrogen fluoride by end-use industries leading to the rapid growth of the product market. Furthermore, the increasing mining-related activities in the countries like India and China due to the presence of numerous mineral ores will eventually boost the anhydrous hydrogen fluoride market in the region, owing to its wide application in the production of aluminum, stainless steel, and alloy for pickling and descaling various metals.

More recently, China has become a major refrigerant manufacturer and now accounts for the majority of annual fluorocarbon production. Inexpensive feedstocks derived from China’s extensive fluorspar mining operations, cheaper labor, and processing energy facilitated this growth. Furthermore, the rise of Chinese bulk refrigerant manufacturing paralleled an increase in Chinese refrigeration and air-conditioning equipment production.

Pesticides and crop protection market is one of the fastest growing industries in the Asia Pacific owing to increasing demand for the food and availability of large agricultural land in this region. This is driving the anhydrous hydrogen fluoride market in countries like India and China, as most of the pesticides manufactured are fluorine-containing compounds such as hydrogen fluoride.

North America with a revenue share of more than 27.9% in 2021 is the fastest-growing market for anhydrous hydrogen fluoride. This is attributed to the presence of numerous chemical manufacturers in the region. Due to the established chemical industry and the expanded production capabilities of major players like Solvay S.A. in the area, the U.S. accounts for the highest production of anhydrous hydrogen fluoride in North America.

The high market penetration of international consumer goods brands and the rise in demand for electronics and vehicles in the region because of the population's increased technological awareness are other factors contributing to the growth of the anhydrous hydrogen fluoride market in North America.

Key Companies & Market Share Insights

There is less number of manufacturers present in the market. The manufacturers are focused on maintaining partnerships and increasing the production capacity of anhydrous hydrogen fluoride to meet the increasing demand. These manufacturers are engaged in continuous R&D activities to develop various product ranges of high quality.

Multiple manufacturers are constantly aiming on increasing their production capacities by merger and acquisition or collaborating with a local producer. For instance, In June 2020, Arkema announced its partnership with Nutrien Ltd, an agricultural company, to supply anhydrous hydrogen fluoride in order to increase its production capacity. Some of the prominent players in the global anhydrous hydrogen fluoride market include:

• 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 

Anhydrous Hydrogen Fluoride Market Report Scope

Global Anhydrous Hydrogen Fluoride Market Segmentation

This report forecasts revenue growth at, global, regional, and country levels along with provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global Anhydrous Hydrogen Fluoride Market report based on the application, and region:

• Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • Fluoropolymers

  • Fluorogases

  • Pesticides

  • Others

• Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

    • ASEAN

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • South Africa