The North America Hydrofluoric Acid Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 513.5 Kilo Tonnes, showcasing a growth of 4.8% (2019-2022).
Hydrofluoric acid is preferred for metal pickling due to its exceptional ability to dissolve various metal oxides, including iron, steel, aluminum, and stainless steel, while minimizing surface pitting and corrosion. The versatility of hydrofluoric acid enables its application across a wide range of industries including automotive, aerospace, electronics, and construction. Therefore, the Mexico market consumed 2.7 kilo tonnes of hydrofluoric acid in metal pickling in 2022.
The US market dominated the North America Hydrofluoric Acid Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $447.1 Million by 2030. The Canada market is experiencing a CAGR of 7.7% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 7% during (2023 - 2030).
The adoption trends of hydrofluoric acid (HF) reflect its widespread usage across various industries and its importance in enabling critical processes. For example, advancements in materials science, chemical engineering, and industrial processes are opening up new applications and industries for hydrofluoric acid. For example, the growing interest in nanotechnology and advanced materials drives demand for HF in nanolithography, nanopatterning, and nanodevice fabrication. Additionally, industries such as additive manufacturing (3D printing), biotechnology, and renewable energy are exploring hydrofluoric acid for specialized applications, further expanding its adoption across diverse sectors.
Hydrofluoric acid is a crucial catalyst in the alkylation process during oil refining. It helps produce high-octane gasoline by combining smaller hydrocarbon molecules, improving the quality and performance of gasoline products. Furthermore, hydrofluoric acid is employed in various chemical synthesis reactions in pharmaceuticals, agrochemicals, and specialty chemicals. It serves as a source of fluorine atoms, enabling the production of fluorinated organic compounds and pharmaceutical intermediates with specific properties and functionalities. HF-based reactions synthesize a wide range of specialty chemicals for diverse industrial applications.
Canada’s semiconductor industry’s growth has led to investments in semiconductor manufacturing facilities, research and development centers, and related infrastructure. These facilities require significant quantities of HF for semiconductor fabrication processes. According to Statistics Canada, in 2020, the Canadian semiconductor industry generated $28.8 billion in total output. In conclusion, the expansion of the oil refineries and the growing semiconductor industry are driving the market’s growth.
Free Valuable Insights: The Hydrofluoric Acid Market is Predict to reach USD 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 U.S., Mexico, Canada, and Rest of North America.
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)
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