Hydrofluoric Acid Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Hydrofluoric acid in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Hydrofluoric Acid Price Trend for the First Half of 2023
Asia
The price trend of hydrofluoric acid dipped in the first and second quarters of 2023. The declining trend in the first quarter was triggered by a significant contraction between the supply and demand sectors with the reduced number of inquiries from the downstream industries. In addition, the refrigerants sector showed low demand, which led to poor shipment and a buildup of products in the market, causing a dramatic decline in the prices of hydrofluoric acid.
However, from March onwards, the market for hydrofluoric acid improved slightly as the level of inventory declined due to a restricted supply of fluorspar and recovering demand from the refrigerants industry. But this trend was not followed in the last months of the second quarter as from May to June the prices incurred a drop. The uncertainties in the demand sector, shutting down of manufacturing plants, and excess availability of the product pushed the prices in the negative zone.
Europe
In Europe, the price trend of hydrofluoric acid fluctuated throughout the first and second quarters of 2023. The prices of the commodity were majorly influenced by the absence of market players leading to a lowering of competition and a rise in the prices in the initial months of the first quarter. However, in the later months of both Q1 and Q2, the pressure of inflation and subdued demand led to a rise in economic uncertainties. Along with this, the low support from oil refining and downstream industries further aided the decline in hydrofluoric acid prices.
North America
The fluctuating trend in Europe was also seen in the North American region. The prices here in the initial months rose as the government's monetary policies got strict, and the prices of energy production fluctuated heavily. But the rising inflation rates limited the movement of purchasers in the market; the prices declined in the subsequent months and struggled throughout the first half.
Analyst Insight
According to Procurement Resource, the price of Hydrofluoric acid is estimated to showcase a fluctuating trend in the upcoming quarters. The rise in inflationary pressure and oscillation in the demand sector will influence the price trend of hydrofluoric acid.
Procurement Resource provides latest prices of Hydrofluoric Acid. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Hydrofluoric acid is a fuming, highly corrosive liquid. It is a solution of hydrogen fluoride in water used to make most of the fluorine-containing compounds.
Report Features | Details |
Product Name | Hydrofluoric Acid |
Industrial Uses | Glass etching, metal cleaning, electronics manufacturing, oil refineries catalyst, semiconductors, wet chemical etching, Flotation Agents Depressants |
Chemical Formula | HF |
HS Number | 28111100 |
CAS Number | 7664-39-3 |
Synonyms | Fluohydric acid, fluoric acid |
Molecular Weight | 20.01 g/mol |
Supplier Database | Fluorchemie Group, Honeywell International Inc., LANXESS, Yingpeng Group |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, 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 Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
The reaction of dry fluorspar and sulfuric acid produces hydrofluoric acid. The raw materials go through an endothermic reaction to produce hydrogen fluoride gas which is condensed and distilled to give anhydrous hydrofluoric acid, which, when mixed with water, gives aqueous hydrofluoric acid.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
Procurement Resource is a one-stop solution for businesses aiming at the best industry insights and market evaluation in the arena of procurement. Our team of market leaders covers all the facets of procurement strategies with its holistic industry reports, extensive production cost and pre-feasibility insights, and price trends dynamics impacting the cost trajectories of the plethora of products encompassing various industries. With the best analysis of the market trends and comprehensive consulting in light of the best strategic footstep, Procurement Resource got all that it takes.
Procurement Resource has made a mark for itself in terms of its rigorous assistance to its clientele. Our experienced panel of experts leave no stone unturned in ensuring the expertise at every step of our clients' strategic procurement journey. Our prompt assistance, prudential analysis, and pragmatic tactics considering the best procurement move for industries are all that sets us apart. We at Procurement Resource value our clients, which our clients vouch for.
Expertise, judiciousness, and expedience are the crucial aspects of our modus operandi at Procurement Resource. Quality is non-negotiable, and we don't compromise on that. Our best-in-class solutions, elaborative consulting substantiated by exhaustive evaluation, and fool-proof reports have led us to come this far, making us the ‘numero uno' in the domain of procurement. Be it exclusive qualitative research or assiduous quantitative research methodologies, our high quality of work is what our clients swear by.