Hydrogen Fluoride Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Canada, India - Size and Forecast 2024-2028

Hydrogen Fluoride Market Size 2024-2028

The hydrogen fluoride market size is forecast to increase by USD 778.2 million at a CAGR of 4.36% between 2023 and 2028. Growth is driven by rising demand for hydrofluorocarbons (HFCs) in refrigeration, growing use of aluminum in automotive manufacturing, and increased applications of insulation foam in construction and automotive industries. Hydrogen fluoride is used primarily as the industrial source of fluorine in these sectors.

What will be the Hydrogen Fluoride Market Size During the Forecast Period?

Request Free Sample in PDF

Hydrogen Fluoride Market Segmentation 

Application Analysis

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 1.67 billion in 2018 and continued to grow until 2022. 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. 

Hydrogen fluoride is vital in producing synthetic gases and nonorganic chemicals, including fluorinated ethylene propylene, polytetrafluoroethylene, and polyvinylidene fluoride. It supports metal processing, foundries, and polyurethane foams for building insulation, furniture, packaging, and automotive interiors. Driven by urbanization, changing lifestyles, income levels, and infrastructure development, it offers chemical inertness, low toxicity, and non-flammability. Eurofluor and related products are integral to these advancements.

Type Analysis 

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. Hence, such factors are fuelling the growth of this segment during the forecast period.

Hydrogen Fluoride Market Dynamics

Hydrogen Fluoride (HF) is a highly reactive and corrosive compound, primarily used in the production of various fluorine chemicals. The primary sources of HF include the mineral fluorite and its raw material, fluorspar. In the manufacturing sector, HF is extensively used in the production of fluorochemicals, which find applications in various industries such as automotive, aluminum, and specialty coatings. The automobile sector, particularly electric vehicles, is a significant consumer of fluorochemicals, including Teflon, due to their corrosion resistance, durability, and aesthetic appeal. Hydrogen Fluoride is also used in the production of high octane gasoline through the Chlor-Alkali process. The standards of living and incentives for energy efficiency have led to increased investments in refrigeration technology, driving the demand for Hydrofluorocarbons (HFCs) and Hydrochlorofluorocarbons (HCFCs) in the refrigeration industry.

The phasing out of Chlorofluorocarbons (CFCs) and HCFCs due to their ozone depletion potential has led to the growth of the Hydrofluorocarbons segment. The Fluorogases segment, including HF, HFCs, and chlorofluorocarbons, is expected to grow significantly in the coming years. Our researchers analyzed the data with 2023 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. 

Key Hydrogen Fluoride Market Driver

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.

Significant Hydrogen Fluoride Market Trends

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.

Major Hydrogen Fluoride Market Challenge

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.

Region Analysis

North America is estimated to contribute 38% 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

Another region showing significant growth is APAC, which 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.

Key Hydrogen Fluoride Market Companies

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.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Application Outlook
  • Fluorocarbons
  • Aluminum fluoride
  • Others
• Type Outlook 
  • Gas
  • Liquid
• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Argentina
    • Brazil
    • Chile

Market Analyst Overview

Hydrogen Fluoride (HF) is a highly reactive and corrosive compound, primarily used in the production of Fluorine and Fluorine chemicals. The primary sources of Hydrogen Fluoride are Fluorite and Fluorspar, which undergo the process of metal extraction to produce Fluorine. The manufacturing of Fluorochemicals, including Teflon, Aluminium fluoride, and various specialty chemicals, is the major application of Hydrogen Fluoride. The automobile sector, particularly electric vehicles, is a significant consumer of Fluorochemicals, driving the demand for Hydrogen Fluoride. The aluminum industry is another major consumer, using Hydrogen Fluoride in the production of aluminum fluoride and as a processing agent for aluminum and stainless steel. The market landscape depends on the polymerization catalyst, thermal stresses, resistance to acids and solvents, fuel lines, O-rings, ODS, gaskets, seals, fluoropolymer, battery chemical, and AHF manufacturing.

Moreover, Hydrogen Fluoride is also used in various industries, such as herbicides, high octane gasoline, refrigerants, plastic products, electrical components, and fluorescent light bulbs. The Montreal Protocol, an international treaty aimed at protecting the ozone layer, has led to the phase-out of many Fluorocarbons, but Hydrogen Fluoride continues to be in demand due to its use in the production of nonorganic and organic chemicals. Incentives and investments in the form of research and development in various industries are expected to boost the growth of the market. The increasing standards of living and the growing demand for consumer goods and automobiles are also expected to drive the market. Additionally, the use of Hydrogen Fluoride in Niobium and Tantalum processing is expected to provide significant opportunities for market growth.

Request Free Sample

What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the market between 2023 and 2028.
• Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across APAC, North America, Europe, South America, and Middle East and Africa
• Thorough analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this report to meet your requirements. Get  in touch