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, 2022-2030.” The booming chemical industry is expected to spur opportunities for the market.
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The concrete anhydrous hydrogen fluoride (AHF) market provides explanations on:
- Segment information
- Authoritative insights?
- Key market trends?
- Emerging developments?
- Regional facts and figures?
- Competitive landscape?
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MarketDriver:
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.
Regional Analysis:
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:
- AAR Corporation (The U.S.)
- Alaris Aerospace (The U.S.)
- CIRCOR International Inc. (The U.S.)
- Collins Aerospace (The U.S.)
- GKN Aerospace (The U.K.)
- Hawker Pacific Aerospace (The U.S.)
- Heroux-Devtek Inc. (Canada)
- Liebherr-International AG (Germany)
- Magellan Aerospace Corporation (Canada)
- Safran SA (France)
- SPP Canada Aircraft Inc. (Canada)
- Triumph Group Inc. (The U.S.)
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