Which segment accounted for the largest hydrofluoric acid market share?

The fluorocarbon application segment dominated the market with a revenue share of over 55.0% in 2021. This is attributed to the rising demand for fluorocarbons from air conditioning systems and refrigerants, thus boosting the production, especially in developing economies.

Who are the key players in hydrofluoric acid market?

Some prominent players in the Hydrofluoric Acid market include Daikin, Dongyue Group, Sinochem, Yingpeng Chemical, Honeywell International Inc., Stella Chemifa Corporation, Koura Global, Lanxess, Solvay.

What are the factors driving the hydrofluoric acid market?

The hydrofluoric acid market is driven by its growing utilization in refrigerants, metal, fluorocarbon, aluminum, plastics, and oil refining. Moreover, the growing demand for high-grade acids is likely to boost the product demand over the forecast period.

How big is the hydrofluoric acid market?

Global hydrofluoric acid market size was valued at USD 1.04 billion in 2021 and is expected to reach USD 1.08 billion in 2022.

What is the hydrofluoric acid market growth?

Global hydrofluoric acid market is forecasted to grow at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030 and reach USD 1.69 billion by 2030