Global Hydrofluoric Acid Market Statistics:

Market Size in 2025: USD 6.76 billion

Market Size in 2032: USD 8.56 billion
Market Growth Rate 2026-2032: CAGR 3.43% 


According to The Report Cube’s latest research study Global Hydrofluoric Acid Market is anticipated to register a CAGR of around 3.43% during the forecast period, 2026–32. The hydrofluoric acid market size is valued at nearly USD 6.76 billion in 2025 and is projected to reach approximately USD 8.56 billion by 2032.

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Global Hydrofluoric Acid Market Drivers:

Driver: Increasing Demand Across Semiconductor & Electronics Industries

One of the major drivers of the Hydrofluoric Acid Market is its vital role in the manufacturing of silicon wafers, which are indispensable components in semiconductor production. Also, HF is utilized to clean & etch integrated circuits & microchips. Moreover, the market is foreseen to expand swiftly as customer electronics, 5G infrastructure, and EV battery production surge worldwide, remarkably in Asia-Pacific. Further, South Korea & China are experiencing elevated HF utilization as a result of local chip production developments.

According to the report, prominent players operating in the market include:

·       Honeywell International Inc.

·       Daikin Industries, Ltd.

·       Dongyue Group Co., Ltd

·       Do-Fluoride New Materials Co., Ltd.

·       Solvay S.A.

·       Others

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Key Market Segmentation

o   Market Share, By Grade

o   Anhydrous

o   Diluted

o   Market Share, By Application

o   Fluorocarbon

o   Fluorinated Derivatives

o   Metal Pickling

o   Glass Etching

o   Oil Refining

o   Others

o   Market Share, By Product Type

o   Electronic Hydrofluoric Acid

o   Industrial Hydrofluoric Acid

o   Market Share, By Region

o   North America

o   South America

o   Europe

o   The Middle East & Africa

o   Asia-Pacific

Recent News and Developments in Global Hydrofluoric Acid Market

  • Honeywell International Inc. declared the development of its hydrofluoric acid production facility in Texas to meet the increasing demand for high-purity HF utilized in oil refining & semiconductor production.
  • Daikin Industries, Ltd. launched a new eco-friendly formulation process for fluorocarbon refrigerants utilizing anhydrous hydrofluoric acid, enhancing yield & minimizing toxic by-products in association with semiconductor partners in South Korea.

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