World News: 17:50 GMT Wednesday 11th September 2019. [Reports and Data via Globe Newswire via SPi World News]
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:
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Globe Newswire: 17:50 GMT Wednesday 11th September 2019
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