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Anhydrous Hydrofluoric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A22441
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Anhydrous Hydrofluoric Acid Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Anhydrous Hydrofluoric Acid | Specialty Chemical | USA | 2575 USD/MT |
| Anhydrous Hydrofluoric Acid | Specialty Chemical | China | 1501 USD/MT |
| Anhydrous Hydrofluoric Acid | Specialty Chemical | Brazil | 1560 USD/MT |
The price trend for anhydrous hydrofluoric acid in the USA remained stable in December, showing no significant seasonal variations or correlation. Prices showed no change compared to the same quarter last year or the previous quarter of 2023, ending at 2575 USD/MT.
In Q4 2023, China market decreased marginally because of weak demand from downstream industries. The current price of anhydrous hydrofluoric acid FOB Shenzhen in China for the Q4 of 2023 was 1501 USD/MT. Overall, weak demand and low production costs impacted the APAC anhydrous hydrofluoric acid market in the second half of Q4 2023.
The Q4 2023 anhydrous hydrofluoric acid price was 1560 USD/MT in Brazil. Procurement remained low due to weak demand in the refrigerant sector, affecting both new orders and production. Despite the impact of higher interest rates and low prices on business confidence, purchases were driven by demand, and domestic inventories remained moderate.
Anhydrous Hydrofluoric Acid Price Trend, Market Analysis, and News
IMARC’s newly published report, titled Anhydrous Hydrofluoric Acid Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data, offers an in-depth analysis of anhydrous hydrofluoric acid pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing anhydrous hydrofluoric acid price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Anhydrous Hydrofluoric Acid Market Analysis
The global anhydrous hydrofluoric acid market size reached US$ 3.1 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 4 Billion, at a projected CAGR of 3.10% during 2023-2032.
- Anhydrous hydrofluoric acid is a key raw material in the production of fluorocarbons, which are gradually used in refrigerants, blowing agents, and propellants. For instance, according to the International Energy Agency (IEA), between 8% and 10% of India’s 300 million households, which house 1.4 billion people, have air conditioning, but that figure is expected to rise to nearly 50% by 2037, according to government projections. The growing demand for air conditioning is further propelling the market for anhydrous hydrofluoric acid.
- In line with this, the growing semiconductor and electronics industry is also contributing to the anhydrous hydrofluoric acid market growth. The semiconductor electronics industry relies on anhydrous hydrofluoric acid for cleaning silicon wafers in the production of fluorine-containing compounds used in electronics manufacturing. According to a study published in Water Cycle, the semiconductor industry consumed 149 billion kWh in 2021- enough to power a metropolis of over 25 million people for a year. The growth in the semiconductor industry emphasizes the rising need for anhydrous hydrofluoric acid within the industry hence contributing to its market growth.
- Furthermore, the gradual increase in technological innovations in the production and application of anhydrous hydrofluoric acid is mainly focused on improving efficiency, safety, and environmental sustainability. Advances include the enhanced production process which reduces energy consumption and emissions. The development of recycling technologies for fluorine-containing compounds and the implementation of stricter safety measures to handle AHA’s corrosive nature. These innovations not only aim to meet regulatory standards but also reduce operational costs and minimize environmental impact thereby supporting the sustainable growth of the AHA market.
- Moreover, the anhydrous hydrofluoric acid market is also driven by the growing global chemical industry. AHA is employed in the chemical industry for the manufacturing processes of fluorinated salts and fluoropolymers. According to Invest India, Chemicals and chemical products (excluding pharmaceuticals and fertilizers) accounted for 11.7% of total exports in 2021-22, as compared to 12.9% in 2020-21. It contributed 10.8% of total exports in 2022-23 (through September 2022) and is expected to grow further. The growth in the chemical industry is also contributing to the anhydrous hydrofluoric acid market growth.
Anhydrous Hydrofluoric Acid News
The report covers the latest developments, updates, and trends impacting the global anhydrous hydrofluoric acid market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in anhydrous hydrofluoric acid production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.
Latest developments in the Anhydrous Hydrofluoric Acid industry:
- In 2023, Daikin India has inaugurated a new plant in Sri City, Andhra Pradesh. Dedicated to producing climate friendly air conditioning solutions for various markets. The facility built upon 75.5 acres will offer employment for 3000 people.
- In 2024, Honeywell announced that it had signed a Memorandum of Understanding (MoU) with the Green Solutions Group Corporation (TGS) on the Tra Vinh Green Hydrogen project, Vietnam’s first green hydrogen plant in the Mekong Delta.
Product Description
Anhydrous hydrofluoric acid is a highly corrosive chemical compound composed of hydrogen and fluorine atoms. Hydrogen fluoride is widely used in various industries. The principal use for anhydrous HF is in the preparation of other inorganic fluorides for fluoridation of water, for use as fluxes and catalysts, and for the manufacture of glass and ceramics. It is also used in various industrial applications like etching and cleaning of silicon wafers in semiconductor manufacturing. Because of its potent nature, AHF requires careful handling and storage in specialized containers. Its extreme toxicity and corrosive nature mainly demand strip safety and protocols to prevent accidents and exposures as even a small amount can cause severe burns and tissue damage.
Regional Coverage
The report provides a detailed analysis of the anhydrous hydrofluoric acid market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.
Global Anhydrous Hydrofluoric Acid Price
The report offers a holistic view of the global anhydrous hydrofluoric acid pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.
Europe Anhydrous Hydrofluoric Acid Price
European anhydrous hydrofluoric acid prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed anhydrous hydrofluoric acid price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Anhydrous Hydrofluoric Acid Price
The anhydrous hydrofluoric acid market in North America saw a bullish trend in Q4 2023, with prices increasing due to decreased imports and increased production costs. Demand remained moderate to high, with the USA experiencing the most significant price changes. The market trend in December was stable, with no significant seasonality or correlation observed. The end-quarter price for anhydrous hydrofluoric acid in the USA was USD 2580/MT.
The analysis of anhydrous hydrofluoric acid prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific data on anhydrous hydrofluoric acid prices within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Anhydrous Hydrofluoric Acid Price
The report explores the anhydrous hydrofluoric acid pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on anhydrous hydrofluoric acid prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Anhydrous Hydrofluoric Acid Price
In Q4 2024, the APAC anhydrous hydrofluoric acid market experienced mixed pricing trends, with high supply and low consumer demand. Upstream fluorspar support stabilized prices, but poor downstream demand and unpredictable oil prices affected profitability. In China, prices decreased due to weak downstream demand, and sulfuric acid prices increased. The market in China saw a significant increase in prices, with the latest price of USD 1501/MT for Q4 2023.
This analysis can be further extended to include detailed anhydrous hydrofluoric acid prices for a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Anhydrous Hydrofluoric Acid Price
During the fourth quarter of 2023, the anhydrous hydrofluoric acid market in Latin America witnessed a marginal decrease in prices due to imports of low-priced goods and reduced upstream fluorite costs. Despite stable demand from the refrigerant industry, rural GDP growth in the third quarter remained poor amid higher interest rates. Responding to escalating prices, the central bank shifted its strategy, gradually lowering the interest rate given the current inflation rate. As of December 2023, the prices of anhydrous hydrofluoric acid (CFR Santos Pod) were assessed at USD 1560/MT.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Anhydrous Hydrofluoric Acid |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of Anhydrous Hydrofluoric Acid pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting anhydrous hydrofluoric acid price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the anhydrous hydrofluoric acid industry.
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- Speak to our experienced analysts for insights on the current market scenarios.
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