Enjoy complimentary customisation on priority with our Enterprise License!
The Hydrogen Fluoride Market size is forecast to increase by USD 900.48 million, at a CAGR of 5.19% between 2022 and 2027. The growth of the market depends on several factors, including the increasing demand for refrigerants, the increasing use of aluminum in the automotive industry, and the rising number of insulation foam applications .Hydrogen fluoride is a colorless gas or liquid chemical compound with the chemical formula HF. It is made up of a hydrogen atom and a fluorine atom and has a strong and irritating odor. This chemical is the principal industrial source of fluorine.
The market share growth by the fluorocarbons segment will be significant during the forecast period. Fluorocarbons contain carbon and fluorine. They are chemically inert and are used extensively due to their non-toxic and non-flammable characteristics. They are mainly used for manufacturing refrigerants and foam-blowing agents.
Get a glance at the market contribution of the End User segment Request Free Sample
The fluorocarbons segment was valued at USD 1,621.55 million in 2017 and continued to grow until 2021. The increasing use of refrigerants in hotels, malls, commercial offices, and air conditioners (HVAC) systems , self-chilling beverages cans and refrigerators in the residential segment is expected to fuel the demand for fluorine-based polymers, especially in APAC. The refrigerants market in the industrial and commercial application segments in APAC is expected to grow significantly during the forecast period. These factors will fuel the growth of the fluorocarbon production segment during the forecast period.
Based on type, the market is segmented into Refrigerator gases and liquid. The gas segment dominates the market. The demand for gas is driven by industries such as pharmaceuticals, automobiles, and electronics. In the pharmaceutical industry, this gas is used as a catalyst in the production of various drugs, such as antibiotics and anti-cancer medications. In the automobile industry, it is used in the manufacturing of airbags, coolant systems, and other automotive components.
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
The rising number of insulation foam applications is a key driver boosting the market growth. The market is poised for growth due to the increasing use of insulation in the construction, automotive, and consumer durables industries. Mainly utilized as a foam-blowing agent, this chemical, also known as fluorocarbons, plays a crucial role in refrigerant manufacturer which produces high-quality, low-density, and high-performance insulation materials like polyurethane and polystyrene foams.
Moreover, the foam-blowing process employs HFCs(Hydrofluorocarbons) and HFOs as agents, which remain within the foam throughout its lifetime, minimizing heat transfer between surfaces. Insulation foams are utilized in homes to prevent heating loss and in cold storage for preserving food and medicines. The expanding applications of these insulating materials are set to drive market growth and trends during the forecast period.
The development of green buildings is a key trend shaping the market. An emerging trend in the construction industry is the rise of green buildings, which prioritize eco-friendly and resource-efficient materials and processes throughout a building's life cycle, including design, construction, operation, maintenance, renovation, and deconstruction. Aluminum is a widely recognized energy-efficient and sustainable construction material, making it a popular choice in green buildings. Leadership in Energy and Environmental Design (LEED) is a widely-used global green building rating system, and incorporating aluminum in a building's construction can help it qualify for LEED green building status.
However, aluminum's advantages, such as a favorable strength-to-weight ratio, sunlight reflectivity, and recyclability, contribute to its widespread use in green buildings. The growing utilization of aluminum in the construction industry is expected to drive the demand for aluminum fluoride in the market during the forecast period.
The hazardous nature of the chemical is a key challenge that can restrain the growth of the market. This chemical, which is a highly hazardous chemical, faces strict regulations for transportation and distribution. Manufacturers are required to comply with these regulations and update their infrastructure accordingly. The US Department of Transportation (US DOT) mandates manufacturers transporting the chemical through railcars to upgrade all toxic inhalation hazard (TIH) railcars by 2027. Upgrades include thicker construction materials, normalized steel, a larger dome, and porthole covers with rollover protection to enhance safety in accidents.
Additionally, to prevent accidents caused by human error, the Rail Safety Improvement Act of 2008 mandated Positive Train Control (PTC) technology by the end of 2020. This regulation ensures that drivers do not exceed their work hours to prevent fatigue-related incidents. Honeywell International, a major producer, implemented PTC with PeopleNet, a cloud-based workforce management solution. However, these regulations are likely to increase manufacturing costs and reduce profit margins, thus impeding the growth of the market during the forecast period.
APAC is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional market trends and analysis and drivers that shape the market research and growth during the forecast period.
For more insights on the market share of various regions Request Free Sample
The APAC market is driven by the construction and automotive industries. The rising demand for aluminum in automotive applications and insulation foam in construction is fueling the demand. As India and China's automotive sectors lead in APAC, the increased aluminum usage in vehicles and parts for weight reduction is contributing to the market growth. Additionally, the construction industry's growing demand for refrigerants and insulation foam in India and China is further driving the market. The convenience of frozen food in these countries is increasing investments in refrigerants like hydrofluorocarbon (HFC), boosting the market in the region during the forecast period.
Companies are implementing various strategies by analyzing factors such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product or service launches, to enhance their presence in the market.
Gulf Fluor- The company offers hydrogen fluoride for refrigeration equipment and cooling applications, and fluorinated polymers.
The market growth and forecasting also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including Buss ChemTech AG, Daikin Industries Ltd., Dragerwerk AG and Co. KGaA, Fluorchemie Dohna GmbH, Fluorsid Group Srl, Foshan Nanhai Shuangfu Chemical Co. Ltd., Fubao Group, Fujian Yongjing Technology Co. Ltd, Gulf Fluor, HaloPolymer OJSC, Honeywell International Inc., Lanxess AG, Minersa Group, Morita Chemical Industries Co. Ltd., Navin Fluorine International Ltd., Orbia Advance Corp. SAB de CV, Solvay SA, Tanfac Industries Ltd., Yingpeng Chemical Co. Ltd., and Zhejiang Sanmei Chemical Ind. Co. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The Market is a vibrant sector shaped by influential players like Arkema and Nutrien Ltd. These leaders strategically employ initiatives such as mergers and acquisitions to strengthen their impact and enhance production capacity while prioritizing continuous research and development (R&D). The U.S. (United States) serves as a significant hub, contributing to applications like essential acids for agrochemicals and alloy production. Globally, especially in the Asia Pacific, the market's influence extends to the thriving chemical industry, impacting sectors like commercial air conditioning and commercial refrigeration. Addressing consumer demand, it plays a pivotal role in the crop protection market and employs chemical resistance and competitive benchmarking to ensure sustainability.The hydrogen fluoride market is influenced by various factors such as CFCs (Chlorofluorocarbons), HCFCs (Hydrochlorofluorocarbons), and HFCs (Hydrofluorocarbons), which are widely used in refrigeration applications, industrial refrigeration, and residential air conditioning.
The market, integral to various industries like aluminum production, refrigeration, and stainless steel production and manufacturing, witnesses significant involvement from chemical manufacturers and international consumer goods brands. Market penetration strategies often involve merger and acquisition activities, complemented by robust R&D efforts to enhance product offerings and application insights. With a focus on environmental sustainability, and weather resistance the industry navigates regulations surrounding fluorine chemicals, including HCFCs, HFCs, and CFCs. Historical data showcases the evolution of fluorine compounds in diverse applications like refrigerants, pesticides, and fluoropolymers. The US and global markets for anhydrous hydrogen fluoride experience steady growth, driven by demands in metallurgical applications , metal extraction, mining-related activities, and household appliance industries. As the market expands, innovations in vapor compression systems and heat resistance technologies revolutionize refrigeration and HVAC systems.
The market research report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Hydrogen Fluoride Market Scope |
|
Report Coverage |
Details |
Page number |
165 |
Base year |
2022 |
Historic period |
2017-2021 |
Market forecasting period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.19% |
Market growth 2023-2027 |
USD 900.48 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
4.49 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key countries |
US, Canada, China, Japan, and India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Buss ChemTech AG, Daikin Industries Ltd., Dragerwerk AG and Co. KGaA, Fluorchemie Dohna GmbH, Fluorsid Group Srl, Foshan Nanhai Shuangfu Chemical Co. Ltd., Fubao Group, Fujian Yongjing Technology Co. Ltd, Gulf Fluor, HaloPolymer OJSC, Honeywell International Inc., Lanxess AG, Minersa Group, Morita Chemical Industries Co. Ltd., Navin Fluorine International Ltd., Orbia Advance Corp. SAB de CV, Solvay SA, Tanfac Industries Ltd., Yingpeng Chemical Co. Ltd., and Zhejiang Sanmei Chemical Ind. Co. Ltd. |
Market dynamics |
Parent market growth analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our market analysis and report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.