Anhydrous Hydrogen Fluoride Market Size, Share, Demand & Trends by 2033
In fiscal year 2023, the market for anhydrous hydrogen fluoride is anticipated to be worth US$ 3.25 billion, up from US$ 3.07 billion in fiscal year 2022. The market is anticipated to increase at a 5.8% CAGR from 2023 to 2033, achieving a value of US$ 5.7 billion by the end of that year. Rising consumer demand for goods including refrigerator gas, air conditioners, electronics, and autos is expected to fuel market growth over the projected period. Additionally, it is anticipated that the region's increasing chemical industry would drive demand for the product along with expanding manufacturing facilities, subsidiaries, and a number of mergers and acquisitions. Fluorspar is the main raw material used to make anhydrous hydrogen fluoride. According to the national renewable energy laboratory, China mines more acid-grade fluorspar than any other country in the world, amounting to 2,500 kilotons each year (USGS 2017). The following two largest producers of acid-grade fluorspar ar