Hydrofluoric Acid Market Estimated to Reach $4.5 Billion by 2027 Globally, at a CAGR of 5.9%, says MarketsandMarkets™

Chicago, June 05, 2023 (GLOBE NEWSWIRE) — The Hydrofluoric acid market size is estimated to be USD 3.4 billion in 2022, and it is projected to reach USD 4.5 billion by 2027 at a CAGR of 5.9%. , as per the recent study by MarketsandMarkets™ . The reaction between a hydrogen atom and a fluorine atom leads to the formation of hydrogen fluoride, a colourless, caustic liquid or vapor. It can be dissolved in water, can exist as a colourless gas, or as a liquid that fumes. Hydrofluoric acid is formed when hydrogen fluoride dissolves in water. Hydrofluoric acid market is segmented on the basis of the grade into the AHF, DHF (above 50% concentration) and DHF (below 50% concentration) on their concentrations. Hydrofluoric acid is used in different applications like fluorocarbon production, fluorinated derivative production, metal pickling, glass etching and cleaning, oil refining, uranium fuel production, and others.

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