Hydrofluoric Acid Market To Reach USD 2.42 Million By 2026 | Reports And Data

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New York, Sept. 11, 2019 (GLOBE NEWSWIRE) --

According to the current analysis of Reports and Data, The global Hydrofluoric Acid (HF) market was valued at USD 1.60 million in 2018 and is expected to reach USD 2.42 million by the year 2026, at a CAGR of 5.3%. This market is likely to follow a modest growth route with its drivers and restraints in place. Hydrofluoric acid produced by treatment of fluorite with sulfuric acid. It used in various industries such as mining, chemicals, refining, silicon chip fabrication, and others. Fluorocarbons which are the major types of refrigerants used globally are the most significant application segment of this acid.

Despite having several advantages, Hydrofluoric Acid is toxic for individuals, as it can damage the lungs and cornea of eyes permanently. There is considerable concern regarding the workers who have to deal with the acid. Moreover, there are environmental concerns as well because of the hazardous effects of Hydrofluoric Acid. It is because of these reasons that this market does not have a smoothly rising CAGR over the forecast years.     

For the purpose of this study, Reports and Data have segmented the market on the basis of grade, application, and region:                     

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

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Globe Newswire: 17:50 GMT Wednesday 11th September 2019

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