In 2023’s first and second quarters, the anhydrous hydrofluoric acid market in Asia experienced price falls and fluctuations. Slow demand from both domestic and overseas markets, weak feedstock prices, and ample product availability influenced the first quarter’s trend. In the second quarter, the positive push from feedstock prices and increased demand from refrigeration industries initially supported the market, but later demand became flat, leading to stockpiling and declining prices.
In Europe, the market was volatile, with the first quarter showing an incline due to new market players’ entry, but subsequent months saw declining prices due to inflation and economic uncertainties. The second quarter’s trend was driven by rising feedstock prices, low inventories, high end-user demand, and heatwaves. In North America, prices initially inclined due to balanced supply and demand, but inflation and weak buyer purchasing impacted the market. The second quarter saw an incline with improved demand and the onset of summer, leading to price stabilization.
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Definition
Anhydrous Hydrofluoric Acid is a highly reactive and corrosive chemical compound with the chemical formula HF. It exists as a colorless and pungent gas or a fuming liquid when dissolved in water. AHF is an essential industrial chemical used primarily as a precursor to produce various fluorine-containing compounds, such as refrigerants, fluoropolymers, and fluorinated solvents. It is also employed in semiconductor manufacturing, glass etching, uranium enrichment, and as a catalyst in certain chemical reactions. Due to its extreme reactivity and toxicity, AHF requires careful handling and strict safety measures in industrial applications.
Key Details About the Anhydrous Hydrofluoric Acid Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Anhydrous Hydrofluoric Acid in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Anhydrous Hydrofluoric Acid Price chart, including India Anhydrous Hydrofluoric Acid price, USA Anhydrous Hydrofluoric Acid price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Anhydrous Hydrofluoric Acid Price Trend:
Anhydrous Hydrofluoric Acid (AHF) has several important industrial uses due to its highly reactive and corrosive nature. Its most significant application is as an essential component in the production of fluorine-containing compounds, such as refrigerants, fluoropolymers, and fluorinated solvents. AHF is also used in the semiconductor industry for wafer cleaning and etching processes. In the petrochemical industry, it serves as a catalyst for various chemical reactions. Additionally, AHF finds applications in glass etching, uranium enrichment, and the manufacturing of pharmaceuticals and agrochemicals. Due to its hazardous properties, AHF requires careful handling and safety precautions in industrial settings.
Key Players:
- Daikin
- Dongyue Group
- Sinochem
- Yingpeng Chemical
- Honeywell International Inc
- Stella Chemifa Corp.
- Koura Global
- Lanxess
- Solvay
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