As per Future Market Insights, the potassium hydrogen fluoride market is anticipated to attain a value pool of US$ 1,000 million by 2023-end. Global demand for potassium hydrogen fluoride is expected to rise at a CAGR of 6% to US$ 1,800 million in 2033.
| Data Points | Key Statistics |
|---|---|
| Expected Market Value in 2023 | US$ 1,000 million |
| Projected Market Value in 2033 | US$ 1,800 million |
| Growth Rate (2023 to 2033) | 6% CAGR |
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According to the latest research, the demand for Potassium hydrogen fluoride is anticipated to grow with a compelling growth rate of about 4.0% to 6.0% in between the coming assessment period of 2021-2031.
Potassium hydrogen fluoride (KHF2) is used in the chemical industry, manufacture of wood preservatives, glass processing, glass manufacturing, for the production of soldering agents, as an abrasive and as a pre-treatment of metals before they are further processed.
Potassium fluoride is used as a corrosive agent for glass, and fusing agent in welding. It is used in a chemical industry for the manufacturing of inorganic and organic fluorine compounds.
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The increasing demand for eco-friendly wood preservatives chemicals, as well as fast urbanisation and rising disposable income in emerging countries, are driving the market for wood preservatives. The construction and infrastructure industries rely heavily on wood preservatives. The wood preservatives market is being driven by an increase in the usage of wood preservatives in these industries, as well as an increase in construction activity.
The growing use of specialised glass in a variety of industries, such as automobiles, construction, electronics, and chemicals, is a critical driver in the expansion of the glass production business. Glass is utilised in kitchenware, and scientific and chemical equipment in this segment.
Borosilicate glass is extremely resistant to fast temperature changes, making it perfect for use in the kitchen and chemical industries. As a result, the market for potassium hydrogen fluoride will be driven by demand from the wood preservatives and glass production industries over the anticipated period.
A wide spectrum of inorganic fluorine compounds is recognised to have a vital role in the manufacture and processing of glass. The cloudiness of opaque glass, often known as milk or cloud glass, is obtained by adding inorganic fluorides to the mix. As so-called "white opacifier," they are added to the glass melt. Fluorides function as fluxes in tiny levels, and the clouding effect occurs only when larger amounts are added.
In glass and cleaning goods, potassium hydrogen fluoride is commonly used as an etchant. It is used in the creation of specific optical glasses such as crown and crown flint glass, as well as a polymerization catalyst.
Potassium Hydrogen Fluoride is used for special optical glasses in glass manufacturing and for matt etching in glass treatment process. Hence due to the rapid rise in demand for this product from glass industry propel the market growth of potassium hydrogen fluoride.
Asia Pacific will be the major glass manufacturing area. Due to a variety of causes, Asia Pacific has the highest growth rate share in the glass manufacturing business. The construction industry is a significant driver of flat glass demand in the region.
Lower production costs in countries such as China and India have led many large businesses to establish manufacturing facilities. The APAC wood preservative chemicals market is expected to rise due to rising urbanisation, infrastructure development, and a favourable regulatory framework governing the use of such products in the region.
In 2020, North America held the greatest share of the global wood preservatives market. The expanding use of wood in the residential and industrial sectors is driving up demand for wood preservatives in North America.
The growing construction sector, backed by significant expenditures in infrastructure in European nations, is opening up new potential for wood preservatives makers in the region which helps to fuel the demand of potassium hydrogen fluoride market in this region.
Some of the leading manufacturers and suppliers include
With the growing number of opportunities key players are also focusing on acquisitions of small and medium size players and collaborations with other market participants either for the R&D or to manufacture the product at a large scale.
The Potassium hydrogen fluoride report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Potassium Hydrogen Fluoride Market
