In Q1 2025, the price of anhydrous hydrofluoric acid (AHF) in the U.S. remained high, primarily driven by increasing production costs and tight supply of key raw materials, particularly fluorite. The domestic fluorite industry continued to face challenges, including the gradual phase-out of older mines and difficulties in exploring new deposits. Strict U.S. regulations on mining, coupled with low inventories and raw material shortages, limited production capacity. Despite these challenges, AHF prices remained relatively stable throughout January and February, with a slight rebound in market activity post-holiday.

Get the latest insights on price movement and trend analysis of Anhydrous Hydrofluoric Acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East Africa).

Hydrofluoric acid prices rose from $1543/MT in Oct 2024 amid tight fluorite supply. Get 2025 forecasts and insights from Expert Market Research.

The Hydrofluoric Acid Market Report is Segmented by Purity Grade (Anhydrous (Greater Than 99. 9%), Electronic-Grade (Ppb Metal), and More), Application (Oil Refining, Cleaning Agent, and More), End-User Industry (Oil and Gas, Chemical Processing, and More), and Geography (Asia-Pacific, North America, and More). The Market Forecasts are Provided in Terms of Value (USD).

The hydrofluoric acid market size is forecast to expand from USD 4,934.6 million in 2024 to USD 7,279.5 million by 2034. Sales of hydrofluoric acid are projected to book a CAGR of 4% throughout the forecast period.

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The market value of hydrofluoric acid was approximately **** billion U.S. dollars worldwide in 2022. By 2030, the global market value of this compound is expected to grow considerably to some *** billion U.S. dollars.

Global Hydrofluoric Acid market size valued $3,405.88 Million in 2022 and is expected to hit $5,191.39 Million by 2030, with a CAGR of almost 5.41%.

The global hydrofluoric acid market size was valued at USD 3.6 billion in 2024, and it is poised to register a CAGR of 7% from 2025-2034 to reach USD 7 billion by 2034. The global Hydrofluoric acid capacity stood at 3000 kilo tons in 2024, with Asia Pacific dominating the market share. Asia Pacific, North America, and Europe together account for almost 99% of the global Hydrofluoric Acid capacity.

The global hydrofluoric acid market attained a volume of more than 2.16 Million Tons in 2024. The market is further expected to grow at a CAGR of 6.72% during the forecast period of 2025-2034 to reach over 4.14 Million Tons by 2034.

Explore the factors influencing hydrofluoric acid pricing, a crucial component in various industries. From raw material availability and production costs to global demand and environmental regulations, understand how these dynamics impact HF market trends and stakeholder strategies.

According to Cognitive Market Research, the global hydrofluoric acid market size is USD 3.4 billion in 2024 and will expand at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031. Market Dynamics of Hydrofluoric Acid Market

Key Drivers for Hydrofluoric Acid Market

Expanding Requirement for the Manufacturing Chemical Industry- The industry for hydrofluoric (HF) acid is expanding due to a growing need from chemical manufacturing sectors. A vital ingredient in the production of polymeric, including chlorine, is hydrofluoric acid. Many important fluorine compounds, notably a substance called poly (silicone), fluorocarbon compounds, and cooling agents like freon, are made with HF. Large quantities of artificial phosphate molecules can also be made with hydrofluoric acid. Therefore, the demand is being driven by the practical application of hydrofluoric acid in chemical processing. Thus, the demand for hydrofluoric acid is being driven by an increasing requirement from chemical-related sectors.
Hydrofluoric acid demand is rising due in part to the rising popularity of detergents in both private and public spaces.

Key Restraints for Hydrofluoric Acid Market

The stricter legislation controlling the care, preservation, and elimination of hydrofluoric acid provides one of the main obstacles.
The hefty price and accessibility of hydrofluoric acid are also hampering the market growth.

Introduction of the Hydrofluoric Acid Market

Hydrofluoric acid (HF) is a powerful artificial acid that finds application in numerous fields. It is mostly created when sulfurous acid and fluoride (calcium fluoride) mix. Because of its hazardous and caustic characteristics, HF must be handled and stored with caution. Numerous reasons, particularly the need for downstream industries, notably medicine, chemicals, electronic devices, and automobiles, propel the hydrofluoric acid industry. A further major factor propelling the hydrofluoric acid industry is the gasoline processing business. The Requirement for better, more effective fuel is met by using HF acid in chemical reaction procedures to make high-octane petrol. Because of this, hydrofluoric acid is still needed for oil refining, which fuels market expansion.

In 2022, market volume of hydrofluoric acid worldwide amounted to over 1.85 million metric tons. It is forecast that the market volume of this inorganic compound will grow to around 2.8 million metric tons worldwide in the year 2030.

Check out Market Research Intellect's Industrial Hydrofluoric Acid Market Report, valued at USD 3.5 billion in 2024, with a projected growth to USD 5.1 billion by 2033 at a CAGR of 4.8% (2026-2033).

Hydrofluoric Acid Market size was USD 6.15 Billion in 2022 and is expected to reach USD 9.34 Billion in 2034, and register a revenue CAGR of 4.2% during the forecast period.

The global hydrofluoric acid market is projected to reach a value of XX million by 2033, exhibiting a CAGR of 5.00% during the forecast period. The growing demand for hydrofluoric acid in various industries, including oil refining, cleaning, etching, and fluorocarbon production, is a key driver of market growth. Additionally, the increasing adoption of hydrofluoric acid in the manufacturing of organofluorine compounds and other specialty chemicals is further propelling market expansion. Key trends shaping the market include the rising demand for hydrofluoric acid in the semiconductor industry for the production of integrated circuits (ICs). The growing adoption of electric vehicles and the increasing use of hydrofluoric acid in the production of lithium-ion batteries are also contributing to market growth. However, stringent environmental regulations governing the production and use of hydrofluoric acid due to its corrosive and toxic nature pose a restraint on market expansion. Regional analysis reveals that Asia Pacific is the largest market for hydrofluoric acid, followed by North America and Europe. The presence of major end-use industries in these regions, coupled with the increasing demand for hydrofluoric acid in the electronics and chemical processing industries, is driving regional market growth. Key drivers for this market are: , Increasing Demand from Chemical Processing Industry; Other Drivers. Potential restraints include: , Increasing Demand from Chemical Processing Industry; Other Drivers. Notable trends are: Increasing Demand from Chemical Processing Industry.

Explore Market Research Intellect's report_name, valued at current_value in 2024, with a projected market growth to forecast_value by 2033, and a CAGR of cagr_value from 2026 to 2033.

The global anhydrous hydrofluoric acid market in 2019 was approximately USD 4.2 billion and is anticipated to reach around USD 5.8 billion by 2026. The anticipated CAGR for the anhydrous hydrofluoric acid market is around 5.1% from 2020 to 2026.

The global electronic grade hydrofluoric acid market size is set to increase from USD 492.08 million to USD 1.14 billion, registering a CAGR of around 6.7% during the forecast period, from 2025 through 2037. Asia Pacific is poised to garner a 45% market share by 2037, owing to rising production of fluorspar and sulfuric acid in the region.

The Industrial Hydrofluoric Acid market size was valued at USD 1.11 USD Million in 2023 and is projected to reach USD 1.63 USD Million by 2032, exhibiting a CAGR of 5.6 % during the forecast period. Industrial hydrofluoric acid commonly referred to as HF is a highly effective synthetic chemical compound that finds application in a variety of industries. It exists primarily in two forms: Aqueous solutions, including those containing dissolved gases, may be protected from corrosion by aqueous hydrofluoric acid (aqueous HF), while anhydrous materials are typically shielded using anhydrous hydrofluoric acid (anhydrous HF). Aqueous means that the compound, in this case of HF stands for hydrofluoric acid that is dissolved in water while on the other hand, anhydrous means that the compound is pure and it does not have any water content dissolved in it. Both possess high levels of corrosiveness and are likely to cause serious health problems to humans upon contact. Hydrofluoric acid has numerous uses in the chemical field where its uses involve the etching and cleaning of metals, glass, ceramics, the manufacturing of fluorocarbons, drugs, high octane fuel, etc. Although hydrofluoric acid is very useful, especially in etching and chemical milling, it requires extra care and safety measures due to its highly corrosive nature and the ability to cause deep tissue penetration injury on skin contact. Key drivers for this market are: Significant Demand for Alpha-hydroxy-acid in Cosmetic Industry to Aid Market Growth. Potential restraints include: Hazardous Effects of Hydroxyacetic Acid on Health and Environment to Hinder Market.

Uncover Market Research Intellect's latest Anhydrous Hydrofluoric Acid Market Report, valued at USD 2.5 billion in 2024, expected to rise to USD 3.8 billion by 2033 at a CAGR of 5.5% from 2026 to 2033.