Anhydrous Hydrofluoric Acid Companies

The anhydrous hydrofluoric acid market size is projected to grow from USD 6.9 billion in 2025 to USD 8.44 billion by 2030, registering a CAGR of 4.0% during the forecast period.

The anhydrous hydrofluoric acid (AHF) market is exhibiting a steady growth trend, which is spurred by several crucial factors in many end-use industries. The booming chemical industry is the key driver of the growth, with AHF being a critical raw material used to produce fluorocarbons and fluoropolymers. These chemicals find wide uses in the refrigeration, air conditioning, and blowing agent industries, especially in the emerging economies undergoing industrialization. Additionally, the electronics and semiconductor industries are contributing significantly toward market growth. AHF is crucial in the etching and cleaning of silicon wafers, and because of ongoing technological advancements as well as increased consumption of consumer electronic products, high-purity AHF continues to find increasing demand.

The petroleum refining industry is also propelling demand for AHF. It is used as a catalyst in the alkylation process to produce high-octane fuel. With expanding refining capacities and cleaner fuel regulations, consumption of AHF in this field is expected to rise further. The glass and metallurgy industries are also increasing market demand since AHF is used in glass etching and metal pickling. These applications are particularly important in the automotive and construction sectors, where corrosion-resistant and high-quality metals are required.

Anhydrous Hydrofluoric Acid Companies

These prominent competitors, along with various others, define the AHF market through ongoing innovations, product launches, acquisitions, and worldwide growth strategies. Their contributions propel technological developments, broaden market reach, and shape industry standards, ultimately influencing the future of anhydrous hydrofluoric acid (AHF) and its numerous uses. The players in this market include Honeywell International Inc. (US), Solvay (Belgium), LANXESS (Germany), Orbia Flour & Energy Materials (Mexico), Zhejiang Yonghe Refrigerant Co.,Ltd. (China), Stella Chemifa Corporation (Japan), Donguye Group Ltd. (China), SRF Limited (India), Gulf Flour (UAE), BASF (Germany), Navin Flourine International Limited (India), and Arkema (France). These companies adopt product launches, acquisitions, and investment strategies to increase their market shares and expand their geographic presence.

To know about the assumptions considered for the study download the pdf brochure

In July 2020, the specialty materials company Arkema disclosed the establishment of a USD 150 million anhydrous hydrogen fluoride (AHF) production facility in North Carolina, pursuant to a newly formalized long-term supply agreement with Nutrien Ltd., an agricultural corporation. The facility, with an annual capacity of 40 kilotons, will be constructed at Nutrien’s Aurora, North Carolina site.

In March 2023, Navin Fluorine announced a new capital expenditure of ?450 crore (USD 54.22 million) to establish a 40,000 tons per annum anhydrous hydrofluoric acid (AHF) production facility at Dahej, India, through its subsidiary, NFASL. The plant is expected to be operational by early 2025 and aims to strengthen the company’s position in the global fluorochemicals market.

Orbia Fluor & Energy Materials is a purpose-driven global company committed to advancing life around the world. The company was established in 1971, and the global headquarters are in Boston, Mexico City, Amsterdam, and Tel Aviv, underscoring its expansive international footprint. With operations across five strategic business sectors, Polymer Solutions (Vestolit and Alphagary), Building & Infrastructure (Wavin), Precision Agriculture (Netafim), Connectivity Solutions (Dura-Line), and Fluor & Energy Materials (Koura), Orbia provides specialty products and innovative solutions that address some of the world's most complex challenges. The company’s diversified portfolio focuses on expanding access to health and well-being, reinventing urban and residential infrastructure, securing food, water, and sanitation, enabling digital connectivity, and supporting the global energy transition through basic and advanced materials.

Orbia employs a global team of over 24,000 professionals, conducts commercial activities in more than 100 countries, and maintains operations in over 50 countries. In 2023, Orbia generated USD 8.2 billion in revenue, reflecting its strong global presence and commitment to sustainable innovation.

Honeywell International Inc. is a diversified technology and manufacturing company providing innovative solutions across aerospace, industrial automation, building technologies, and advanced materials. Its operations span product development, manufacturing, and services, focusing on high-performance technologies for global industries. The company is headquartered in Charlotte, North Carolina, US, and was founded in 1906 as the Honeywell Heating Specialty Company, evolving into a global leader through innovation and strategic acquisitions.

Honeywell operates four primary business segments, namely, Aerospace Technologies, which delivers avionics, engines, and services for commercial and defense aviation; Industrial Automation, providing warehouse automation, process controls, and sensing technologies; Building Automation, offering energy-efficient building management systems and security solutions and Performance Materials and Technologies (PMT), which includes advanced materials like high-purity chemicals (e.g., anhydrous hydrofluoric acid), process technologies, and sustainable fluorochemicals. PMT’s Advanced Materials subsegment drives innovation in electronics, refrigeration, and industrial applications.

Honeywell operates over 100 manufacturing facilities worldwide, with key sites in the US, Europe, and Asia, supporting its diverse product portfolio, including high-purity chemical production. The company has a global presence in over 70 countries, with significant operations in the US, Europe, and other international markets, particularly Asia Pacific, for electronics and industrial growth. As of 2024, Honeywell employs approximately 95,000 people globally, with a workforce skilled in engineering, manufacturing, and technical services to support its operations.

Solvay is a global leader in specialty chemicals, focusing on innovative and sustainable solutions for industrial, chemical, and environmental applications. The company, through its subsidiaries, joint operations, joint ventures, and associates, develops and manufactures high-performance chemicals, including anhydrous hydrofluoric acid, soda ash, peroxides, and specialty products. Headquartered in Brussels, Belgium, Solvay was founded in 1863 by Ernest Solvay. Its operations span production, research, and commercialization, delivering advanced materials and chemical technologies to diverse industries worldwide.

Solvay’s operations are organized into key business segments, as detailed in its financial reporting. The company operates two key business segments, namely, basic chemicals and performance chemicals. Solvay’s core activities typically include performance chemicals, which included the Soda Ash & Derivatives, which encompasses soda ash, fluorochemicals (e.g., anhydrous hydrofluoric acid), and related derivatives used in glass, detergents, and petrochemicals, Peroxides, producing hydrogen peroxide for pulp, paper, and electronics applications; and Special Chemicals, covering high-purity chemicals, silica, and other specialty materials for semiconductors, coatings, and industrial uses. These segments leverage Solvay’s expertise in chemical innovation to address global market demands, with a strong focus on sustainability and high-performance applications.

Solvay operates 44 production sites and six research centers worldwide, supporting its chemical manufacturing and innovation capabilities. The company has a global presence in over 41 countries, with significant operations in Europe, North America, and Asia Pacific, serving industries such as electronics, petrochemicals, and environmental solutions. As of 2024, Solvay employs approximately 9,000 employees who contributed to its research, production, and commercial activities, ensuring the delivery of euro 4.5 billion (USD 4.86 billion) in net sales in 2024. The company’s global footprint and skilled workforce underscore its ability to meet diverse customer needs across multiple regions.

Navin Fluorine International Limited (NFIL), established in 1967, is a leading Indian fluorochemical manufacturer headquartered in Maharashtra, India, under the Arvind Mafatlal Group. NFIL operates three business segments, namely, Specialty Chemicals, High-Performance Products, and Contract Development and Manufacturing Organization (CDMO). The target product, anhydrous hydrofluoric acid (AHF), falls under the HPP portfolio, which leverages five decades of expertise in fluorine chemistry to produce high-performance refrigerants under the ‘Mafron’ brand and AHF for industries like pharma, solar, electronics, and steel.

NFIL employs around 1,000 people, maintaining a specialized workforce for its fluorochemical operations. The company has a strong geographical presence, exporting over 40% of its products to North America, Europe, the Middle East, and Asia Pacific, with clients including Ranbaxy and Hindalco. NFIL’s manufacturing presence spans integrated fluorochemical complexes in Surat and Dahej, Western India, and Dewas, Central India, where it produces AHF and other fluorides. In 2024, NFIL reported revenues of around USD 247.41 million, reflecting its robust market position. In FY 2023-24, Specialty Chemicals and HPP grew by 14% and 8%, respectively, contributing 87% to topline revenues, while CDMO saw a 42% degrowth, prompting NFIL to capitalize on opportunities in these segments for sustainable growth.

With certifications like ISO 9001 and focus on sustainability, NFIL ensures its anhydrous hydrofluoric acid meets global standards, positioning itself as a trusted supplier in the fluorochemical market, catering to both, traditional industries and emerging high-growth sectors like advanced materials for data center cooling applications worldwide.

Dongyue Group Limited, founded in 1987, is a Hong Kong-based investment holding company headquartered in Zibo, Shandong Province, China. The company specializes in the chemical engineering sector, focusing on the manufacture and distribution of fluorine and silicone materials, positioning itself as a leading fluoro-silicon production base in China. Its operations span five key business segments: Refrigerants (e.g., R22, R32, R134a for appliances and aviation), Polymers (e.g., PTFE and proton exchange membranes for energy applications), Organic Silicone (e.g., silicon rubber and sealants for automotive and electronics), Dichloromethane, PVC, and Liquid Alkali (for textiles and chemicals), and Property Development in Shandong. Additionally, Dongyue produces by-products like hydrofluoric acid and bromine, and offers services, such as chemical R&D and environmental monitoring. Recognized for innovation, the company holds numerous intellectual property rights, participates in national programs like the 863 Program, and operates six global R&D centers. Employing around 8,734 people as of 2023, Dongyue Group serves domestic and international markets, emphasizing sustainability and technological advancements in new energy and environmental protection. Listed on the Hong Kong Stock Exchange (SEHK: 189) since 2007, it continues to expand its global presence in the fluoro-silicon industry.

The company is producing AHF for captive consumption; however, it also supplies AHF to other OEMs, and according to its annual report, it has generated a revenue of USD 2,017.43 million in 2023 through the sales.

Market Ranking

The anhydrous hydrofluoric acid (AHF) market is dominated by a few major players, with the top five companies accounting for a significant share of the global market. Orbia Fluor and Energy Materials leads the market, leveraging its broad geographic reach and integrated production capabilities. Honeywell International Inc. holds the second position, driven by its strong presence in North America and technological advancements in fluorine-based chemistry. Solvay ranks third, benefitting from its diversified portfolio and strong footprint in Europe. Navin Fluorine stands at the fourth place, gaining market share through its expanding manufacturing capacities and robust export channels. Dongyue Group rounds out the top five, supported by its competitive pricing strategies and substantial domestic market base in China. As demand for high-purity AHF grows across industries, such as fluoropolymers, refrigeration, and electronics, these leading players are investing in capacity expansions and supply chain optimization to strengthen their market positions.

Related Reports:

Anhydrous Hydrofluoric Acid Market by Grade (High-purity Grade, Standard Grade), Type (Fluorite-based, Fluorosilicic Acid), Distribution Channel (Direct Sales, Online Retailers), Application (Intermediate in Chemical Reactions, Fuming Agents), End-use Industry (Catalysts, Fluorocarbons) - Global Forecast to 2030