DUBLIN, June 3, 2020 /PRNewswire/ — The “Hydrofluoric Acid – Global Market Trajectory & Analytics” report has been added to ResearchAndMarkets.com’s offering.
Amid the COVID-19 crisis and the looming economic recession, the Hydrofluoric Acid market worldwide will grow by a projected 487.5 tons, during the analysis period, driven by a revised compounded annual growth rate (CAGR) of 3.7%. The global analysis and forecast periods covered are 2020-2027 (current & future analysis) and 2012-2019 (historic review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Anhydrous, one of the segments analyzed and sized in this study, is forecast to grow at over 3.6% and reach a market size of 1.3 Thousand tons by the end of the analysis period. An unusual period in history, the coronavirus pandemic has unleashed a series of unprecedented events affecting every industry. The Anhydrous market will be reset to a new normal which going forwards in a post COVID-19 era will be continuously redefined and redesigned. Staying on top of trends and accurate analysis is paramount now more than ever to manage uncertainty, change and continuously adapt to new and evolving market conditions.
As part of the new emerging geographic scenario, the United States is forecast to readjust to a 2.4% CAGR. Within Europe, the region worst hit by the pandemic, Germany will add over 12.1 tons to the region’s size over the next 7 to 8 years. In addition, over 12.5 tons worth of projected demand in the region will come from Rest of European markets. In Japan, the Anhydrous segment will reach a market size of 65.6 tons by the close of the analysis period.
Blamed for the pandemic, significant political and economic challenges confront China. Amid the growing push for decoupling and economic distancing, the changing relationship between China and the rest of the world will influence competition and opportunities in the Hydrofluoric Acid market. Against this backdrop and the changing geopolitical, business and consumer sentiments, the world’s second largest economy will grow at 7.1% over the next couple of years and add approximately 154.6 tons in terms of addressable market opportunity.
Continuous monitoring for emerging signs of a possible new world order post-COVID-19 crisis is a must for aspiring businesses and their astute leaders seeking to find success in the now changing Hydrofluoric Acid market landscape. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include, among others:
- Daikin Industries Ltd.
- Dongyue Group Ltd.
- Fluorchemie Stulln GmbH
- Fubao Group
- Fujian Longfu Chemical Co. Ltd.
- Fujian Shaowu Yongfei Chemical Co. Ltd.
- Gulf Fluor
- Honeywell International, Inc.
- Lanxess AG
- Mexichem Fluor S.A. de C.V.
- Morita Chemical Industries Co. Ltd.
- Navin Fluorine International Limited
- Shaowu Huaxin Chemical Industry Co. Ltd.
- Sinochem Group Co. Ltd.
- Solvay S.A.
- SRF Ltd.
- Tanfac Industries Ltd.
- Ying Peng Group
- Zhejiang Sanmei Chemical Incorporated Company
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Hydrofluoric Acid Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 42
For more information about this report visit https://www.researchandmarkets.com/r/zaqn91
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Research and Markets
Laura Wood, Senior Manager
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