Ammonium Bifluoride Market to Exhibit Impressive Growth by 2025

August 04 14:24 2021
Ammonium Bifluoride Market to Exhibit Impressive Growth by 2025

Ammonium Bifluoride Market
Ammonium bifluoride or ammonium hydrogen fluoride is a colorless salt produced from ammonia and hydrogen fluoride. The global ammonium bifluoride market is expected to witness steady growth in the near future. Low production costs, increasing production in developing countries, increasing applications in various sectors, and changing government policies are collectively driving the market growth.

Ammonium Bifluoride Market Scenario:

The latest market report published by Straits Research, titled ‘Global Ammonium Bifluoride Market,’ was valued at USD 81.70 million in 2017 and is estimated to reach USD 102.09 million, with a CAGR of 2.9% during the forecast period.
The production of hydrofluoric acid from hexafluorosilicic acid and used in a number of industrial and commercial applications such as the cleaning and etching of metals and glass and the cleaning of bricks and ceramics. In industrial textile processing or laundries, it is used for pH adjustment. Overexposure to ammonium bifluoride can cause irritation to the skin, permanent eye damage, stomach pain, and weakness.

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The Major Players Covered in this Report: DERIVADOS DEL FLUOR, S.A (Spain), Dongyue Group Limited (China), Honeywell International Inc (The U.S.), Fluoro Chemicals (India), Halliburton Company (The U.S.), Zhejiang Sanmei Chemical Industry Co., Ltd (China), Shanghai Yixin Chemical Co., Ltd (China) Jay Intermediates & Chemicals (India), Shaowu Huaxin Chemical Co Ltd (China), and Solvay S.A (Belgium)., & more…

Ammonium Bifluoride Market Segmentation:
By Type: Analysis Grade, Industrial Grade, Others

By Application: Disinfection, Etching Agent, Preservatives, Others

Years that have been considered for the study of this report are as follows:

  • History Year: 2015-2019
  • Base Year: 2019
  • Estimated Year: 2020
  • Forecast Year: 2021 to 2025

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Ammonium Bifluoride in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Ammonium Bifluoride market during the forecast period 2021-2025. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia.

Full Report Link @ https://straitsresearch.com/report/Ammonium Bifluoride-Market 

Extensive Adoption of Ammonium Bifluoride Over Traditional Materials:
Traditionally, hydrofluoric acid, an aggressive and toxic compound, was used for cleaning purposes. Ammonium bifluoride has been replacing hydrofluoric acid, which causes severe burns, corrodes many materials, and releases harmful fumes. Ammonium bifluoride is safer for use, storage, and transportation and comparatively less harmful. Additionally, it is cheaper than hydrofluoric acid and can save around 10–15% of the cost. Being cheaper and safer, ammonium bifluoride has gained significant attention in the market.

Safety Concerns:
Although ammonium bifluoride is widely adopted in a number of processes, some manufacturers and operators worry that ammonium bifluoride is being marketed as a safer alternative to highly-corrosive hydrofluoric acid (HF), even though the two chemicals pose nearly similar health risks. Overexposure of ammonium bifluoride can cause skin irritation, bloody vomiting, nausea, abdominal pain, difficulty in breathing, diarrhea, loss of consciousness, coma, and heart failure. Thus, safety remains an issue with ammonium bifluoride, which restricts the market growth.

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