The electronic grade hydrofluoric acid market size has grown strongly in recent years. It will grow from $1.93 billion in 2025 to $2.07 billion in 2026 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to growth in semiconductor manufacturing, expansion of electronics production, increasing demand for precision etching chemicals, development of lcd and display panels, availability of high purity chemical processing.
The electronic grade hydrofluoric acid market size is expected to see strong growth in the next few years. It will grow to $2.62 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to investment in advanced chip fabrication plants, growth of electric vehicles and power electronics, expansion of solar energy manufacturing, rising demand for miniaturized electronics, advancements in ultra pure chemical technologies. Major trends in the forecast period include rising demand from semiconductor fabrication facilities, growing use in advanced integrated circuit manufacturing, expansion of applications in photovoltaic cell production, increasing focus on ultra high purity chemical processing, strengthening safety and handling standards in hf usage.
The increasing adoption of electronic products is expected to propel the growth of the electronic-grade hydrofluoric acid market going forward. Electronic products include a wide range of devices such as smartphones, laptops, appliances, industrial equipment, and medical instruments. Their adoption is rising due to technological advancements, increased affordability, lifestyle convenience, and expanding digitalization across sectors. Electronic-grade hydrofluoric acid is vital in the manufacturing of these products, supporting precise patterning, wafer cleaning, surface modification, and other processes essential for producing reliable, high-performance electronic components. For example, in February 2024, the Japan Electronics and Information Technology Industries Association reported that consumer electronics production reached $201.91 million (¥31,685 million), up from $149.27 million (¥23,425 million) in January 2023. Therefore, the increasing adoption of electronic products is driving the growth of the electronic-grade hydrofluoric acid market.
The increasing adoption of electric vehicles (EVs) is also expected to support market growth. EVs run on electric motors powered by rechargeable batteries and incorporate a wide array of semiconductor components essential for vehicle safety, performance, and efficiency. Adoption of EVs is accelerating due to government incentives, improved battery technologies, the expansion of fast-charging infrastructure, and stricter emission regulations. Electronic-grade hydrofluoric acid is critical for producing the high-purity semiconductor components used in EV batteries, power electronics, sensors, and control systems. For example, in January 2024, Kelley Blue Book reported that U.S. consumers purchased a record 1.2 million electric vehicles in 2023, representing 7.6% of the total vehicle market - up from 5.9% in 2022. Therefore, the rising adoption of electric vehicles is fueling demand for electronic-grade hydrofluoric acid.
Major companies in the electronic-grade hydrofluoric acid market are focusing on expanding production capabilities and adopting advanced technologies to achieve higher purity, greater efficiency, and reduced environmental impact. These improvements support the semiconductor industry’s stringent quality requirements. For instance, in October 2024, Sunlit Fluo & Chemical Co. Ltd, a Taiwan-based chemicals manufacturer, launched a new production facility in Phoenix. The facility produces specialty chemicals such as electronic-grade hydrofluoric acid and fluorinated solvents used in semiconductor and electronics manufacturing. It features advanced production technologies, rigorous quality-control systems, and sustainable operational practices to increase output and meet rising global demand for high-purity materials.
Major companies operating in the electronic grade hydrofluoric acid market are Honeywell International Inc., Merck KGaA, Solvay S.A., Air Products and Chemicals Inc., Formosa Daikin Advanced Chemicals Co. Ltd., Formosa Plastics Corporation, Shandong Dongyue Chemical Co. Ltd., KMG Chemicals, Zhejiang Juhua Co. Ltd., Stella Chemifa Corporation, Suzhou Crystal Clear Chemical Co.Ltd., Derivados del Fluor SAU, Zhejiang Sanmei Chemical Incorporated Company, G. Frederick Smith Chemical Company, Advance Research Chemicals Inc., Fujian Shaowu Yongfei Chemical Co. Ltd., Buss ChemTech AG, Loba Chemie Pvt Ltd., Morita Chemical Industries Co. Ltd., Kanto Chemical Co. Inc., Sunlit Chemical Co. Ltd., Hangzhou Dayangchem Co. Ltd., Rishiroop Polymers Pvt. Ltd., Sinochem Lantian Co. Ltd., Xinxiang Yellow River Fine Chemical Industry Co. Ltd.
North America was the largest region in the electronic grade hydrofluoric acid market in 2025. The regions covered in the electronic grade hydrofluoric acid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic grade hydrofluoric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electronic-grade hydrofluoric acid market consists of sales of liquid crystal display (LCD) grade, solar grade, optoelectronic grade, and analytical reagent grade hydrofluoric acid. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The electronic grade hydrofluoric acid market size is expected to see strong growth in the next few years. It will grow to $2.62 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to investment in advanced chip fabrication plants, growth of electric vehicles and power electronics, expansion of solar energy manufacturing, rising demand for miniaturized electronics, advancements in ultra pure chemical technologies. Major trends in the forecast period include rising demand from semiconductor fabrication facilities, growing use in advanced integrated circuit manufacturing, expansion of applications in photovoltaic cell production, increasing focus on ultra high purity chemical processing, strengthening safety and handling standards in hf usage.
The increasing adoption of electronic products is expected to propel the growth of the electronic-grade hydrofluoric acid market going forward. Electronic products include a wide range of devices such as smartphones, laptops, appliances, industrial equipment, and medical instruments. Their adoption is rising due to technological advancements, increased affordability, lifestyle convenience, and expanding digitalization across sectors. Electronic-grade hydrofluoric acid is vital in the manufacturing of these products, supporting precise patterning, wafer cleaning, surface modification, and other processes essential for producing reliable, high-performance electronic components. For example, in February 2024, the Japan Electronics and Information Technology Industries Association reported that consumer electronics production reached $201.91 million (¥31,685 million), up from $149.27 million (¥23,425 million) in January 2023. Therefore, the increasing adoption of electronic products is driving the growth of the electronic-grade hydrofluoric acid market.
The increasing adoption of electric vehicles (EVs) is also expected to support market growth. EVs run on electric motors powered by rechargeable batteries and incorporate a wide array of semiconductor components essential for vehicle safety, performance, and efficiency. Adoption of EVs is accelerating due to government incentives, improved battery technologies, the expansion of fast-charging infrastructure, and stricter emission regulations. Electronic-grade hydrofluoric acid is critical for producing the high-purity semiconductor components used in EV batteries, power electronics, sensors, and control systems. For example, in January 2024, Kelley Blue Book reported that U.S. consumers purchased a record 1.2 million electric vehicles in 2023, representing 7.6% of the total vehicle market - up from 5.9% in 2022. Therefore, the rising adoption of electric vehicles is fueling demand for electronic-grade hydrofluoric acid.
Major companies in the electronic-grade hydrofluoric acid market are focusing on expanding production capabilities and adopting advanced technologies to achieve higher purity, greater efficiency, and reduced environmental impact. These improvements support the semiconductor industry’s stringent quality requirements. For instance, in October 2024, Sunlit Fluo & Chemical Co. Ltd, a Taiwan-based chemicals manufacturer, launched a new production facility in Phoenix. The facility produces specialty chemicals such as electronic-grade hydrofluoric acid and fluorinated solvents used in semiconductor and electronics manufacturing. It features advanced production technologies, rigorous quality-control systems, and sustainable operational practices to increase output and meet rising global demand for high-purity materials.
Major companies operating in the electronic grade hydrofluoric acid market are Honeywell International Inc., Merck KGaA, Solvay S.A., Air Products and Chemicals Inc., Formosa Daikin Advanced Chemicals Co. Ltd., Formosa Plastics Corporation, Shandong Dongyue Chemical Co. Ltd., KMG Chemicals, Zhejiang Juhua Co. Ltd., Stella Chemifa Corporation, Suzhou Crystal Clear Chemical Co.Ltd., Derivados del Fluor SAU, Zhejiang Sanmei Chemical Incorporated Company, G. Frederick Smith Chemical Company, Advance Research Chemicals Inc., Fujian Shaowu Yongfei Chemical Co. Ltd., Buss ChemTech AG, Loba Chemie Pvt Ltd., Morita Chemical Industries Co. Ltd., Kanto Chemical Co. Inc., Sunlit Chemical Co. Ltd., Hangzhou Dayangchem Co. Ltd., Rishiroop Polymers Pvt. Ltd., Sinochem Lantian Co. Ltd., Xinxiang Yellow River Fine Chemical Industry Co. Ltd.
North America was the largest region in the electronic grade hydrofluoric acid market in 2025. The regions covered in the electronic grade hydrofluoric acid market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the electronic grade hydrofluoric acid market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The electronic-grade hydrofluoric acid market consists of sales of liquid crystal display (LCD) grade, solar grade, optoelectronic grade, and analytical reagent grade hydrofluoric acid. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Electronic Grade Hydrofluoric Acid Market Characteristics
3. Electronic Grade Hydrofluoric Acid Market Supply Chain Analysis
4. Global Electronic Grade Hydrofluoric Acid Market Trends and Strategies
5. Electronic Grade Hydrofluoric Acid Market Analysis of End Use Industries
7. Global Electronic Grade Hydrofluoric Acid Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Electronic Grade Hydrofluoric Acid Total Addressable Market (TAM) Analysis for the Market
9. Electronic Grade Hydrofluoric Acid Market Segmentation
10. Electronic Grade Hydrofluoric Acid Market Regional and Country Analysis
11. Asia-Pacific Electronic Grade Hydrofluoric Acid Market
12. China Electronic Grade Hydrofluoric Acid Market
13. India Electronic Grade Hydrofluoric Acid Market
14. Japan Electronic Grade Hydrofluoric Acid Market
15. Australia Electronic Grade Hydrofluoric Acid Market
16. Indonesia Electronic Grade Hydrofluoric Acid Market
17. South Korea Electronic Grade Hydrofluoric Acid Market
18. Taiwan Electronic Grade Hydrofluoric Acid Market
19. South East Asia Electronic Grade Hydrofluoric Acid Market
20. Western Europe Electronic Grade Hydrofluoric Acid Market
21. UK Electronic Grade Hydrofluoric Acid Market
22. Germany Electronic Grade Hydrofluoric Acid Market
23. France Electronic Grade Hydrofluoric Acid Market
24. Italy Electronic Grade Hydrofluoric Acid Market
25. Spain Electronic Grade Hydrofluoric Acid Market
26. Eastern Europe Electronic Grade Hydrofluoric Acid Market
27. Russia Electronic Grade Hydrofluoric Acid Market
28. North America Electronic Grade Hydrofluoric Acid Market
29. USA Electronic Grade Hydrofluoric Acid Market
30. Canada Electronic Grade Hydrofluoric Acid Market
31. South America Electronic Grade Hydrofluoric Acid Market
32. Brazil Electronic Grade Hydrofluoric Acid Market
33. Middle East Electronic Grade Hydrofluoric Acid Market
34. Africa Electronic Grade Hydrofluoric Acid Market
36. Electronic Grade Hydrofluoric Acid Market Competitive Landscape and Company Profiles
37. Electronic Grade Hydrofluoric Acid Market Other Major and Innovative Companies
40. Electronic Grade Hydrofluoric Acid Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Electronic Grade Hydrofluoric Acid Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses electronic grade hydrofluoric acid market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for electronic grade hydrofluoric acid? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The electronic grade hydrofluoric acid market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type: Ultra-Pure Grade; Ultra-Pure Special Grade; Ultra-Pure Super Special Grade; Electronic Grade2) By Application: Integrated Circuits; Solar Energy; Glass Product; Monitor Panel; Other Applications
3) By End-User: Electronics; Semiconductor; Photovoltaic; Chemical; Automotive; Other End-Users
Subsegments:
1) By Ultra-Pure Grade: High-Purity Ultra-Pure Grade Hydrofluoric Acid; Standard Ultra-Pure Grade Hydrofluoric Acid2) By Ultra-Pure Special Grade: Special Grade for Semiconductor Manufacturing; Special Grade for Lcd Panel Production
3) By Ultra-Pure Super Special Grade: Super Special Grade for Advanced Lithography; Super Special Grade for Photovoltaic Applications
4) By Electronic Grade: Electronic Grade for Etching Applications; Electronic Grade for Cleaning Applications
Companies Mentioned: Honeywell International Inc.; Merck KGaA; Solvay S.a.; Air Products and Chemicals Inc.; Formosa Daikin Advanced Chemicals Co. Ltd.; Formosa Plastics Corporation; Shandong Dongyue Chemical Co. Ltd.; KMG Chemicals; Zhejiang Juhua Co. Ltd.; Stella Chemifa Corporation; Suzhou Crystal Clear Chemical Co.Ltd.; Derivados del Fluor SAU; Zhejiang Sanmei Chemical Incorporated Company; G. Frederick Smith Chemical Company; Advance Research Chemicals Inc.; Fujian Shaowu Yongfei Chemical Co. Ltd.; Buss ChemTech AG; Loba Chemie Pvt Ltd.; Morita Chemical Industries Co. Ltd.; Kanto Chemical Co. Inc.; Sunlit Chemical Co. Ltd.; Hangzhou Dayangchem Co. Ltd.; Rishiroop Polymers Pvt. Ltd.; Sinochem Lantian Co. Ltd.; Xinxiang Yellow River Fine Chemical Industry Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Electronic Grade Hydrofluoric Acid market report include:- Honeywell International Inc.
- Merck KGaA
- Solvay S.A.
- Air Products and Chemicals Inc.
- Formosa Daikin Advanced Chemicals Co. Ltd.
- Formosa Plastics Corporation
- Shandong Dongyue Chemical Co. Ltd.
- KMG Chemicals
- Zhejiang Juhua Co. Ltd.
- Stella Chemifa Corporation
- Suzhou Crystal Clear Chemical Co.Ltd.
- Derivados del Fluor SAU
- Zhejiang Sanmei Chemical Incorporated Company
- G. Frederick Smith Chemical Company
- Advance Research Chemicals Inc.
- Fujian Shaowu Yongfei Chemical Co. Ltd.
- Buss ChemTech AG
- Loba Chemie Pvt Ltd.
- Morita Chemical Industries Co. Ltd.
- Kanto Chemical Co. Inc.
- Sunlit Chemical Co. Ltd.
- Hangzhou Dayangchem Co. Ltd.
- Rishiroop Polymers Pvt. Ltd.
- Sinochem Lantian Co. Ltd.
- Xinxiang Yellow River Fine Chemical Industry Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 2.07 Billion |
| Forecasted Market Value ( USD | $ 2.62 Billion |
| Compound Annual Growth Rate | 6.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 26 |
