Global Hydrofluoric Acid Market Size & Outlook, 2021-2030
Global hydrofluoric acid market, 2018-2030 (US$M)
Related Markets
Global hydrofluoric acid market highlights
- The global hydrofluoric acid market generated a revenue of USD 1,039.1 million in 2021 and is expected to reach USD 1,709.7 million by 2030.
- The market is expected to grow at a CAGR (2022 - 2030) of 5.7% by 2030.
- In terms of segment, anhydrous accounted for a revenue of USD 599.4 million in 2021.
- Anhydrous is the most lucrative grade segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2021.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2022 to 2030.
Global data book summary
| Market revenue in 2021 | USD 1,039.1 million |
| Market revenue in 2030 | USD 1,709.7 million |
| Growth rate | 5.7% (CAGR from 2021 to 2030) |
| Largest segment | Anhydrous |
| Fastest growing segment | Anhydrous |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anhydrous, Diluted |
Other key industry trends
- In terms of revenue, the North America accounted for 26.8% of the global hydrofluoric acid market in 2021.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Saudi Arabia is the fastest growing regional market and is projected to reach USD 34.8 million by 2030.
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Hydrofluoric Acid Market Scope
Hydrofluoric Acid Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global hydrofluoric acid market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to hydrofluoric acid market will help companies and investors design strategic landscapes.
Anhydrous was the largest segment with a revenue share of 57.68% in 2021. Horizon Databook has segmented the Global hydrofluoric acid market based on anhydrous, diluted covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Hydrofluoric Acid Grade Outlook (Revenue, USD Million, 2018-2030)
- Anhydrous
- Diluted
- Global Hydrofluoric Acid Application Outlook (Revenue, USD Million, 2018-2030)
- Fluorocarbon
- Fluorinated Derivatives
- Metal Pickling
- Glass Etching
- Oil Refining
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global hydrofluoric acid market , including forecasts for subscribers. This global databook contains high-level insights into Global hydrofluoric acid market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global hydrofluoric acid market size, by regions, 2018-2030 (US$M)
Top 10 countries: Hydrofluoric acid market size, 2021 (US$M)
Global hydrofluoric acid market share, by grade, 2021 & 2030 (%, US$M)
Hydrofluoric acid market: Opportunity assessment by country
Global hydrofluoric acid market, by region, 2021 (US$M)
| Grade | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 279.3 | 293.6 | 273.3 | 278.4 | 289.3 | 302.1 | 317.0 | 334.1 | 353.8 | 376.4 | 402.3 | 430.0 | 459.5 | 5.7% |
| Europe | 176.0 | 184.2 | 168.8 | 172.5 | 177.8 | 185.3 | 193.9 | 203.9 | 215.4 | 228.6 | 243.8 | 259.9 | 277.1 | 5.4% |
| Asia Pacific | 425.1 | 431.5 | 404.9 | 423.3 | 438.7 | 456.9 | 483.5 | 511.2 | 542.9 | 579.4 | 621.1 | 665.7 | 713.5 | 6.0% |
| Latin America | 75.1 | 78.1 | 77.2 | 75.9 | 80.6 | 83.6 | 87.2 | 91.3 | 96.5 | 102.5 | 109.3 | 116.6 | 124.3 | 5.6% |
| MEA | 89.8 | 92.3 | 87.8 | 89.0 | 91.6 | 94.7 | 99.0 | 103.3 | 108.4 | 114.2 | 120.8 | 127.9 | 135.4 | 4.8% |
| Overall | 1,045.3 | 1,079.7 | 1,012.0 | 1,039.1 | 1,078.1 | 1,122.6 | 1,180.5 | 1,243.7 | 1,316.9 | 1,401.0 | 1,497.3 | 1,600.1 | 1,709.7 | 5.7% |
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