The Asia Pacific Hydrofluoric Acid Market would witness market growth of 6.3% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 866.3 Kilo Tonnes, showcasing a growth of 5.4% (2019-2022).
In the petroleum refining industry, fluorocarbons are utilized as catalysts in alkylation processes to enhance the octane rating of gasoline and produce high-quality fuels. Furthermore, fluorocarbons demonstrate exceptional chemical inertness and thermal stability, making them indispensable in metal processing applications such as surface treatment, metal pickling, and glass manufacturing. Therefore, the India market utilized 90.93 kilo tonnes Hydrofluoric acid in producing fluorocarbon in 2022.
The China market dominated the Asia Pacific Hydrofluoric Acid Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $296.7 Million by 2030. The Japan market is registering a CAGR of 5.6% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 6.9% during (2023 - 2030).
In laboratory settings, hydrofluoric acid is used for analytical and research purposes, including sample preparation, chemical analysis, and experimentation. Its strong acidic properties and reactivity make it useful for dissolving minerals, metals, and other inorganic substances. HF is also used for etching glassware and semiconductor materials in controlled laboratory environments. Additionally, in the automotive sector, hydrofluoric acid is used for various applications, including surface treatment of lightweight materials, corrosion protection, and functional coatings. It plays a role in enhancing the durability and performance of automotive components.
Furthermore, the expansion of the automotive industry translates into higher demand for HF. For instance, according to National Investment Promotion and Facilitation Agency, India's automobile sector is valued at over $222 billion and accounts for 35% of the manufacturing GDP. The automobile industry produced 22.93 Mn vehicles, including passenger, commercial, three-wheelers, two-wheelers, and quadricycles, from April 2021 to March 2022. Also, the glass industry utilizes hydrofluoric acid for glass etching and frosting. It selectively removes silica from glass surfaces, creating decorative patterns, matte finishes, or designs in glassware, architectural glass, and signage.
Manufacturing facilities for a range of electronic items, such as computers, televisions, cellphones, and other consumer electronics, have been established in India due to the growth of the country's electronics industry. These manufacturing processes often require hydrofluoric acid for metal surface treatment, cleaning, and etching applications. The expansion of China’s electronics industry and its increasing market share result in higher demand for HF for domestic production and export-oriented manufacturing activities. Therefore, the expansion of the electronics industry in the region is propelling the market’s growth.
Free Valuable Insights: The Global Hydrofluoric Acid Market is Predict to reach $ 2.7 Billion by 2030, at a CAGR of 5.9%
Based on Grade, the market is segmented into Anhydrous and Diluted. Based on Application, the market is segmented into Fluorocarbon, Glass Etching, Oil Refining, Fluorinated Derivatives, Metal Pickling, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
By Grade (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 