Electronic Grade Hydrofluoric Acid Market Share

APAC Market Forecast

Electronic grade hydrofluoric acid market in Asia Pacific industry is expected to dominate majority revenue share of 45% by 2037 impelled by the growing production of fluorspar, and sulfuric acid, which are used in the production of hydrofluoric acid (HF). With a plethora of Mesozoic igneous rocks and significant reserves of fluorspar, China is by far the world's leading producer of fluorspar from mines. For instance, China continues to be the world's largest producer of fluorspar, producing around 5 million tonnes, or over 55% of the entire volume. Particularly, in 2022, China accounted for the majority of global fluorspar mining production, with over 5 million metric tons produced. In addition, China generated more than 90 million metric tons of sulfuric acid in 2022.

North American Market Statistics

The North America electronic grade hydrofluoric acid market is estimated to be the second largest, during the forecast period led by the growing personal disposable income. Consumers who have more disposable income are more likely to buy electronics, which may create a huge demand for electronic-grade hydrofluoric acid. For instance, the United States' disposable personal income rose by more than 0.2% in 2024.