The growing demand for anhydrous hydrogen fluoride from the chemical industry is expected to enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Anhydrous Hydrogen Fluoride (AHF) Market Size, Share & Industry Analysis, By Type (> 99.90%, 99.70%- 99.90%, < 99.70%), By End-Use Industry (Chemical, Mining, Metallurgical, Others) and Regional Forecast, 2022-2029.” The booming chemical industry is expected to spur opportunities for the market.
The rise of the COVID-19 pandemic has immeasurably disrupted every industry around the globe. The governments of several countries have implemented lockdown measures to prevent the spread of this deadly infection. Such initiatives have caused disruptions in the production and supply chain. But, with time and perseverance, we will be able to battle this severe phase and come back to normalcy. Our authentic reports would help you to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
The concrete anhydrous hydrogen fluoride (AHF) market provides explanations on:
Flourishing Mining and Metallurgical Industry to Aid Expansion
The growing utilization of anhydrous hydrogen fluoride as a building-block material in the manufacturing fluorine and fluorine-containing products such as surfactants, fluoropolymers, and fluorochemicals is expected to bolster the healthy growth of the market. The growing chemical industry, mining industry, and metallurgical industries can have a significant effect on the global market during the forecast period. The growing use of anhydrous hydrogen fluoride in the chemical industry is expected to create lucrative opportunities for the market. For instance, AHF is used to produce aerosol fluorocarbons, which is mainly used in propellants and refrigerators. Besides, the growing production of fluorosulfuric acid, ammonia hydrogen fluoride, and metal fluorides can have an excellent impact on the global market. Moreover, the increasing utilization of AHF in chemical laboratories for the production of desulphurizing gas oils can enable the healthy growth of the market.
However, anhydrous hydrogen fluoride is very toxic. The short contact with a small quantity of the liquid or fumes can cause severe painful burns, which, in turn, can reduce its adoption in various applications.
High Demand from Chemical Industry to Aid Growth in Asia Pacific
The market in Asia Pacific is expected to experience a rapid growth rate during the forecast period due to the rising demand for AHF in the chemical industry. China, India, and Japan are the leading countries in chemical production. Europe is expected to rise tremendously during the forecast period owing to the growing product demand in the metallurgical Industry. The heavy demand from the mining industry is expected to contribute significantly to the growth of the market in North America. The Middle East & Africa is expected to observe significant growth owing to the rising consumption of fluorine compounds in the region.
The Report Lists the Key Players in the Anhydrous Hydrogen Fluoride (AHF) Market:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.