India Anhydrous Hydrogen Fluoride Market (By End-use: Fluoropolymers, Fluorogases, Pesticides) - Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The India anhydrous hydrogen fluoride market size was valued at USD 268.27 million in 2023 and it is expected to hit around USD 510.72 million by 2033, poised to grow at a CAGR of 6.65% from 2024 to 2033.

India Anhydrous Hydrogen Fluoride Market Size 2024 to 2033

What are the Growth Factors of India Anhydrous Hydrogen Fluoride Market?

The growth of the India anhydrous hydrogen fluoride (AHF) market is driven by an increasing demand from the chemical and pharmaceutical industries for high-purity AHF for manufacturing fluorine-based compounds and intermediates is a primary growth driver. The expanding electronics sector in India, where AHF is used in the production of semiconductors and etching processes, also contributes significantly. Additionally, the rise in industrial activities and infrastructure development necessitates the use of AHF in various applications, including refrigeration and air conditioning systems. Government initiatives to boost the manufacturing sector and advancements in technology further support the market's expansion

Report Scope of the India Anhydrous Hydrogen Fluoride Market

Report Coverage Details
Market Size in 2023 USD 268.27 million
Revenue Forecast by 2033 USD 510.72 million
Growth rate from 2024 to 2033 CAGR of 6.65%
Base Year 2023
Forecast Period 2024 to 2033
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Companies Covered Honeywell International Inc.; Solvay; Linde pl; Arkema; Lanxess; Navin Fluorine International Limited; Gujarat Fluorochemicals Limited

 

What are the Trends in India Anhydrous Hydrogen Fluoride Market?

  • Rising Industrial Demand: Increased use of AHF in the chemical, pharmaceutical, and electronics industries is driving market growth.
  • Expansion in Electronics Sector: Growing semiconductor and electronics manufacturing in India is boosting demand for AHF.
  • Technological Advancements: Innovations in AHF production and application technologies are enhancing efficiency and driving market trends.
  • Environmental Regulations: Stricter environmental regulations are leading to the development of safer and more sustainable AHF production methods.

What are the Key Challenges Faced by India Anhydrous Hydrogen Fluoride Market?

  • Safety and Handling Risks: AHF is highly corrosive and toxic, requiring stringent safety measures during handling, transportation, and storage.
  • Environmental Concerns: The production and use of AHF raise environmental concerns, particularly related to emissions and waste management.
  • Regulatory Compliance: Adhering to stringent regulations and standards for production and usage can be challenging and costly.
  • High Production Costs: The cost of producing high-purity AHF can be high due to advanced technology and stringent quality controls.

End-use Insights

The Fluorogases segment dominated the India AHF market, with the highest revenue share of 68% in 2023. This is attributable to its use in increasing urbanization and infrastructure development, changing lifestyles, and rising income levels, which are further rising the demand for refrigerators and air conditioners in India.

According to the India Brand Equity Foundation report published in December 2023, the market size of refrigerators is anticipated to reach 27.5 million units and air conditioners are expected to reach 19.5 million units by 2025. In addition, hydrofluorocarbons are used to produce polyurethane foams. These foams are used in building insulation, furniture such as sofas & mattresses, packaging to protect delicate items during transportation, and automotive interiors. With an increase in demand for HFCs to manufacture polyurethane foams, the demand for anhydrous hydrogen fluoride is expected to increase over the forecast period.

Fluorogases are a group of synthetic gases that contain fluorine atoms. They are characterized by their high chemical inertness, low toxicity, and non-flammability. Hydrofluorocarbons are examples of fluoro gases used in refrigeration and air-conditioning. Moreover, anhydrous hydrogen fluoride is used to synthesize hydrofluorocarbons. When the hydrocarbon reacts with anhydrous hydrogen fluoride, the fluoride atom gets introduced into the hydrocarbon structure, forming the hydrofluorocarbons. HFCs are used to replace the ozone-depleting chlorofluorocarbons and hydrochlorofluorocarbons in refrigeration and air conditioning applications.

Fluorinated ethylene propylene, polytetrafluoroethylene, and polyvinylidene fluoride are examples of fluoropolymers that are used in the chemical processing industries, electronics, automotive and medical devices. Anhydrous hydrogen fluoride is used as a polymerization catalyst as well as a key raw material in the preparation of fluoropolymers. It is mainly used to introduce fluorine atoms into the polymer, which enhances the ability of fluoropolymers to sustain thermal stresses and resistance to acids and solvents.

Fluoropolymers are used in the automobile industry to manufacture fuel lines, O-rings, onboard diagnostic sensors (ODS), gaskets, and seals.  Increasing production of vehicles and favorable government initiatives for the automotive sector is expected to drive the demand for fluoropolymers in India.

Who are the Top Manufactures in India Anhydrous Hydrogen Fluoride Market?

  • Honeywell International Inc.
  • Solvay
  • Linde plc
  • Arkema
  • Lanxess
  • Navin Fluorine International Limited
  • Gujarat Fluorochemicals Limited

India Anhydrous Hydrogen Fluoride Market Segmentations:

By End-use 

  • Fluoropolymers
  • Fluorogases
  • Pesticides
  • Others

Frequently Asked Questions

The India anhydrous hydrogen fluoride market size was reached at USD 268.27 million in 2023 and it is projected to hit around USD 510.72 million by 2033.

The India anhydrous hydrogen fluoride market is growing at a compound annual growth rate (CAGR) of 6.65% from 2024 to 2033.

Key factors that are driving the India anhydrous hydrogen fluoride market growth include rising need for solutions to reduce healthcare costs, increasing focus on patient-centric care, and strong government support.

Chapter 1. Introduction

1.1.Research Objective                     

1.2.Scope of the Study

1.3.Definition

Chapter 2. Research Methodology

2.1.Research Approach

2.2.Data Sources

2.3.Assumptions & Limitations

Chapter 3. Executive Summary

3.1.Market Snapshot

Chapter 4. Market Variables and Scope

4.1.Introduction

4.2.Market Classification and Scope

4.3.Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5.COVID 19 Impact on India Anhydrous Hydrogen Fluoride Market

5.1. COVID-19 Landscape: India Anhydrous Hydrogen Fluoride Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact:  Major Government Policy

5.4.Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1.Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2.Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1.List of Suppliers

7.1.3.2.List of Buyers

Chapter 8.  India Anhydrous Hydrogen Fluoride Market, By End-use

8.1.India Anhydrous Hydrogen Fluoride Market, by End-use Type, 2024-2033

8.1.1. Fluoropolymers

8.1.1.1.Market Revenue and Forecast (2021-2033)

8.1.2. Fluorogases

8.1.2.1.Market Revenue and Forecast (2021-2033)

8.1.3. Pesticides

8.1.3.1.Market Revenue and Forecast (2021-2033)

8.1.4. Others

8.1.4.1.Market Revenue and Forecast (2021-2033)

Chapter 9.  India Anhydrous Hydrogen Fluoride Market, Regional Estimates and Trend Forecast

9.1. India

9.1.1. Market Revenue and Forecast, by End-use (2021-2033)

Chapter 10.Company Profiles

10.1. Honeywell International Inc.

10.1.1.Company Overview

10.1.2.Product Offerings

10.1.3.Financial Performance

10.1.4.Recent Initiatives

10.2. Solvay

10.2.1.Company Overview

10.2.2.Product Offerings

10.2.3.Financial Performance

10.2.4.Recent Initiatives

10.3. Linde pl

10.3.1.Company Overview

10.3.2.Product Offerings

10.3.3.Financial Performance

10.3.4.Recent Initiatives

10.4. Arkema

10.4.1.Company Overview

10.4.2.Product Offerings

10.4.3.Financial Performance

10.4.4.Recent Initiatives

10.5. Lanxess

10.5.1.Company Overview

10.5.2.Product Offerings

10.5.3.Financial Performance

10.5.4.Recent Initiatives

10.6. Navin Fluorine International Limited

10.6.1.Company Overview

10.6.2.Product Offerings

10.6.3.Financial Performance

10.6.4.Recent Initiatives

10.7. Gujarat Fluorochemicals Limited

10.7.1.Company Overview

10.7.2.Product Offerings

10.7.3.Financial Performance

10.7.4.Recent Initiatives

Chapter 11.Research Methodology

11.1.Primary Research

11.2.Secondary Research

11.3.Assumptions

Chapter 12.Appendix

12.1. About Us

12.2. Glossary of Terms

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