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Global Hydrofluoric Acid Industry Market Analysis & Forecast 2018-2023

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sanchita patil
Global Hydrofluoric Acid Industry Market Analysis & Forecast 2018-2023

The global hydrofluoric acid market is expected to gain an astounding CAGR during the forecast period.

The driving factors for Hydrofluoric acid market include extensive industrial use of hydrofluoric acid for automotive, healthcare and manufacture sector and higher demand from chemical industry.

Hydrofluoric acid is a compound formed in gaseous state which can be stored in cylinders for further industrial modification & specification by diluting it with water.

Majorly, it is used in semiconductor industry for etching and wafer cleaning process.

Asia-Pacific hydrofluoric acid market is expected to gain a significant CAGR in the forthcoming period with China being the major producer of raw material for manufacture of hydrofluoric acid coupled with high demand from metallurgical, mining and chemical industries located worldwide.

North America and South America market are anticipated to witness highly moderate growth owing to rise in import business and stringent government regulations.

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