Hydrofluoric Acid Market Analysis, Size, Share, Growth, Trends, and Forecasts by 2031
Global hydrofluoric acid market was valued at $ 1.7 billion in 2022 and is likely to reach $ 3.8 billion by 2032, registering a CAGR of 7.2% over the forecast period of 2023-2032. Hydrofluoric acid (HF) is a highly corrosive and toxic inorganic compound, consisting of hydrogen fluoride dissolved in water. It is notably one of the strongest mineral acids, capable of dissolving many materials, including glass and metals, through its corrosive action. Industrially, HF finds extensive use in various applications such as in the production of fluorocarbons, petroleum refining, metal processing, and glass etching. Despite its utility, HF poses significant health and safety risks, as exposure can lead to severe burns, tissue damage, and potentially fatal systemic toxicity.