India Anhydrous Hydrogen Fluoride Market To Reach $417.9 Million By 2030

India Anhydrous Hydrogen Fluoride Market Growth & Trends

The India anhydrous hydrogen fluoride market size is expected to reach USD 417.9 million by 2030, growing at 6.6% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of India's anhydrous hydrogen fluoride industry is driven by the increasing demand for convenience electronics equipment like refrigerators and air conditioners, owing to the use of anhydrous hydrogen fluoride (AHF) in these electronics products.

India is among the largest importers of fluorspar in the world, which serves as the primary raw material for producing AHF. The country relies increasingly on fluorspar imports from countries such as China, Mongolia, and South Africa to meet its domestic demand. The availability and prices of imported fluorspar have a significant impact on the costs associated with AHF production in the country.

India has a notable capacity for producing AHF that allows it to meet the demand for this compound within the country, as well as export it. Numerous prominent chemical companies based in India manufacture AHF using advanced processes and technologies. For instance, in September 2022, Gujarat Fluorochemicals Limited announced an investment worth USD 304.28 million to expand its fluoropolymer and battery chemical production capacity. The company also announced plans to enhance its anhydrous hydrogen fluoride (AHF) manufacturing capacity from 120tpd to 220tpd.

Several government initiatives such as the Make in India campaign, which aims at surging manufacturing activities in the country, have been undertaken. Under this campaign, special emphasis has been placed on the chemicals industry in the country, recognizing its potential for economic growth and job creation in the coming years. This can be considered an opportunity for the product market.

The increasing usage of fluorochemicals, which are produced by anhydrous hydrofluoric acid, for manufacturing hydrochlorofluorocarbons, chlorofluorocarbons, and hydrofluorocarbons used in refrigerators, result in the depletion of the ozone layer. This further contributes to global warming. Hence, the usage of CFCs is banned in several countries, including India. This has resulted in a decreased demand for AHF in the market.

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India Anhydrous Hydrogen Fluoride Market Report Highlights

• The fluoro gas end-use segment is projected to grow at the highest CAGR of 6.7% owing to its increasing use in the refrigerator and air conditioners

• Fluorogases are a group of synthetic gases that contain fluorine atoms. They are characterized by their high chemical inertness, low toxicity, and non-flammability

• Fluoropolymers are used in the automobile industry to manufacture fuel lines, O-rings, onboard diagnostic sensors (ODS), gaskets, and seals

• Polytetrafluoroethylene (PTFE), fluorinated ethylene propylene (FEP), and polyvinylidene fluoride (PVDF) are examples of fluoropolymers that are used in the automotive, electronics, medical devices, and chemical processing industries

India Anhydrous Hydrogen Fluoride Market Segmentation

Grand View Research has segmented the India anhydrous hydrogen fluoride market based on end-use:

India Anhydrous Hydrogen Fluoride End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Fluoropolymers

• Fluorogases

• Pesticides

• Others

List of Key Players in India Anhydrous Hydrogen Fluoride Market

• Honeywell International Inc.

• Solvay

• Linde plc

• Arkema

• Lanxess

• Navin Fluorine International Limited

• Gujarat Fluorochemicals Limited