Anhydrous Hydrogen Fluoride Market Share To Leap At 6.0% CAGR, To Attain USD 6.07 Billion By 2034 | PMR

(MENAFN- GlobeNewsWire - Nasdaq) The augmentation of petroleum refining potential is boosting the anhydrous hydrogen fluoride market.

New York, USA, Jan. 02, 2025 (GLOBE NEWSWIRE) -- Market Statistics

With a CAGR of 6.0%, the global anhydrous hydrogen fluoride market is expected to reach a value of over USD 6.07 billion by 2034 from an estimated USD 3.38 billion in 2024.

Market Overview

Anhydrous hydrogen fluoride (AHF), an important raw material for industries such as aluminum, pharmaceuticals, and petroleum, has conventionally been procured from fluorite, a green mineral. An unverifiable dependence on fluorite has generated an exploration for optional AHF production procedures. An encouraging proxy is fluorosilicic acid (FSA), a result of the phosphate fertilizer industry formerly considered waste. Transfiguring fluorosilicic acid into AHF not only gives a treasured resource but also capitulates the ecological and economic provocations linked with waste management.

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Key Insights from Report

• The market for anhydrous hydrogen fluoride is significantly shaped by it being normally utilized in several industrial applications such as aluminum making, petrochemical refining, and fluorine-encompassing compound synthesis.
• The anhydrous hydrogen fluoride market segmentation is mainly based on application and region.
• Based on application, the fluoro gases segment is expected to experience the highest CAGR during the forecast period.
• By region, the report provides market insights into Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.

Anhydrous Hydrogen Fluoride Market Scope

Report Attributes	Details
Market size value in 2024	USD 3.38 billion
Market size value in 2025	USD 3.58 billion
Revenue Forecast in 2034	USD 6.07 billion
CAGR	6.0% from 2025 to 2034
Base year	2024
Historical data	2020-2023
Forecast period	2025-2034

Market's Growth Drivers

Technological Progressions : The market advancement is propelled by technological progressions in its expressions. Progressive expressions of anhydrous hydrogen fluoride are expected to be utilized in the broad gamut of applications from electronics to clean energy technologies by decreasing prices and enhancing security, causing the anhydrous hydrogen fluoride market growth.

Escalation in the Semiconductor Industry : Semiconductor makers are augmenting their functions to encounter elevated market demand. As per the United States Semiconductor Industry Association, in the US by itself the semiconductor industry recruits over 280,000 people presenting the industry growth. Further, escalating government stimulus is pushing the growth of the semiconductor industry.

Surge in Fluorochemicals : Industries such as manufacturing, electronics, and automotive are spreading globally. Therefore, the demand for anhydrous hydrogen fluoride for procedures such as the generation of fluorochemicals is surging. As per the United Nations Industry Development Organization, the industrial category proliferated by 2.3% in 2023, presenting industrial growth.

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List of Anhydrous Hydrogen Fluoride Market Key Players

• 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

Geographical Analysis

In 2024, North America accounted for the largest anhydrous hydrogen fluoride market share. The market was strengthened by the development of the pharmaceutical industry. These industries in North America are augmenting their operations to meet the demand of consumers because of which the demand for anhydrous hydrogen fluoride is escalating.

Asia Pacific is also expected to grow at the highest CAGR during the forecast period. This is attributable to the augmentation of chemical processing ventures. Nations such as China, India, and Japan are witnessing notable growth in industries such as petrochemicals, pharmaceuticals, and electronics, all of which need anhydrous hydrogen fluoride in their production procedure.

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Market Segmentation

By Application Outlook

• Fluoropolymers
• Fluorogases
• Pesticides
• Others

By Regional Outlook

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
  • South Korea
  • Indonesia
  • Australia
  • Rest of Asia Pacific
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • Rest of Latin America

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