The hydrofluoric acid market size was valued at US$ 8.76 billion in 2024 and is expected to reach US$ 11.81 billion by 2031; it is estimated to register a CAGR of 4.4% from 2025 to 2031.

The hydrofluoric acid market growth is propelled by the rising demand for the versatile fluorine compounds that facilitate etching, purification, and chemical synthesis in different industries. These properties are crucial to ensure the quality, efficiency, and performance of high-technology products and semiconductors, solar panels, pharmaceuticals, and aluminum, where minor contamination can result in defects, low yields, and failures of operations. The growth in the adoption of electric vehicles in new markets and the growth in electronics and healthcare markets boost demand. With industries aimed at innovation and sustainability, hydrofluoric acid has remained as one of the dependable starting materials in the provision of materials that are high performing and environmental compliant in the ever-competitive international arena.

The hydrofluoric acid market analysis has been performed by considering the following segments: type and application. By type, the hydrofluoric acid market is bifurcated into anhydrous and aqueous. The anhydrous segment accounted for the largest hydrofluoric acid market share in 2024. The acid is preferred to yield fluorocarbons, aluminum fluoride, and high-purity semiconductor, pharmaceutical, and petroleum alkylation reagents due to its water-free form and outstanding reactivity. The anhydrous, pure form is highly chemically stable, maintains reactions under control without hydrolysis or a possible risk of dilution, and allows specific etching or fluorination without any impurities that would otherwise put a strain on the high-efficiency and high-yield processes. It has working ability to withstand harsh treatment in the process of production and transportation, and its excellent corrosive and penetrating properties allow it to be applicable in the anhydrous storage and prolonged industrial supply. Large chemical manufacturers and manufacturers of electronics mostly use the anhydrous design, which remains the most successful in the hydrofluoric acid market, where it is used on high-purity specialty applications using anhydrous design.

The hydrofluoric acid market is segmented into five main regions-North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America. Asia Pacific is expected to register the fastest CAGR in the global hydrofluoric acid market from 2025 to 2031. Asia Pacific controlled the hydrofluoric acid market share in terms of revenue, and most of its products were sold to the electronics manufacturing segment, with the booming demand of high-purity etchants in the semiconductor and photovoltaic industry. The number of chip fabrication plants, consumer electronics assemblers, and pharmaceutical laboratories in countries such as China, India, Japan, South Korea, and Taiwan is increasing sharply, and all of these need high-grade chemicals to ensure high yield and guarantee material integrity in the growing supply networks.

Some of the key players operating in the global hydrofluoric acid market include Honeywell International Inc., Daikin Industries Ltd, Solvay SA, Orbia Fluor & Energy Materials, Stella Chemifa Corporation, Lanxess, Fluorides and Chemicals, Yongkang Yingpeng Chemical Machinery Co., Ltd, Fluorchemie Group, and MINERSA GROUP. Players operating in the hydrofluoric acid market focus on providing high-quality products to fulfill customer demand. Also, they are focusing on launching new and high-quality products for their customers.

The overall global hydrofluoric acid market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the hydrofluoric acid market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers-along with external consultants such as valuation experts, research analysts, and key opinion leaders-specializing in the hydrofluoric acid market.