Anhydrous Hydrofluoric Acid Prices Soar in the USA Due to Surging Demand
Anhydrous Hydrofluoric Acid Prices Soar in the USA Due to Surging Demand

Anhydrous Hydrofluoric Acid Prices Soar in the USA Due to Surging Demand

  • 07-Jun-2023 2:17 PM
  • Journalist: Jacob Kutchner

The Anhydrous Hydrofluoric Acid market in the USA has experienced recent improvements due to increased demand in several industries, such as agrochemicals, steel production, refrigeration applications, polymers, and pharmaceuticals. Over 90% of Anhydrous Hydrofluoric Acid is imported by the USA from various sources. Mexico is the main exporter to the US, accounting for more than 75% of the total imports of Anhydrous Hydrofluoric Acid in the domestic market. Other countries like Japan, Taiwan, South Korea, Spain, and Germany also contribute to around 15-17% of the total product imports in the country.

However, the cost support from the upstream Fluorspar has been on the lower edge in the region owing to a decrease in the prices of imported goods. In terms of production costs of Anhydrous Hydrofluoric Acid, amidst a drop in the inflationary pressure and energy prices, the market prices of the product declined slightly in May 2023.

Anhydrous hydrogen fluoride is in great demand since it is a necessary component in the manufacture of several fluorine-containing compounds. These substances are employed in a wide range of sectors, including vehicles and kitchenware. Teflon, a fluoropolymer, is widely utilized in many applications such as domestic cookware, semiconductors, electrical appliances, clothing, and vehicles due to its high thermal stability, superior chemical resistance, and efficient electrical qualities.

Moreover, the market growth of Anhydrous Hydrofluoric Acid can also be attributed to the rising demand for hydrogen fluoride, which is used to manufacture aluminum fluoride, which is utilized in producing aluminum goods. As a result, the increased use of aluminum in end-use sectors such as automotive, packaging, and manufacturing, among others, could benefit the US market for Anhydrous hydrofluoric acid.

Anhydrous Hydrofluoric Acid’s handling and storage require extensive security measures to avoid accidents and safeguard workers and the environment because of the hazardous properties of hydrofluoric acid. Environmental and safety requirements also impact the market  Compliance with safety rules and the expenses of maintaining safe handling procedures can impact market dynamics.

Furthermore, the advancing chemical industry in the US, the development in the number of production facilities in the area, subsidiaries, and mergers and acquisitions in the region are presumed to steer the demand for Anhydrous Hydrofluoric Acid.

According to the ChemAnalyst database, the market sentiments for Anhydrous Hydrofluoric Acid are anticipated to remain positive, and the offered quotations are presumed to upsurge on the back of a robust demand outlook. Additionally, boosted business transactions are presumed in the hope of a decline in the inflationary pressure, a drop in interest rates, and stable crude oil prices in the region.

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