Pro
Chemicals & Materials
Bio-lubricants Market End-use Industry, By Others
| Label | USD Million |
|---|---|
| 2018 | 21.888721338646775 USD Million |
| 2019 | 22.954968632429654 USD Million |
| 2020 | 24.07196732489916 USD Million |
| 2021 | 25.242052700398627 USD Million |
| 2022 | 26.37485995869396 USD Million |
| 2023 | 27.557073600394023 USD Million |
| 2024 | 28.776937343913808 USD Million |
| 2025 | 30.050825273152267 USD Million |
| 2026 | 31.381131050315055 USD Million |
| 2027 | 32.770354442179325 USD Million |
| 2028 | 34.22110602553794 USD Million |
| 2029 | 35.73611210141033 USD Million |
| 2030 | 37.318219827286434 USD Million |
| 2031 | 38.9704025770815 USD Million |
| 2032 | 40.69576553890976 USD Million |
Data Source: Wantstats Repository
Market Dynamics
China is the world's largest consumer of anhydrous hydrogen fluoride (AHF). In 2013, the country's consumption amounted to a significant 78.3 kilo tons. China's AHF production is the second largest in the world, accounting for nearly 30% of global output in 2014. The country's demand for anhydrous hydrogen fluoride is mainly driven by the production of other chemical products that demand anhydrous hydrogen fluoride as an essential raw material. This includes the production of aluminum fluoride, which is primarily used for the production of metals, production of aqueous fluorine, and production of hydrofluoric acid. The growth of the end-user industries such as aluminum, refrigeration, and electronics have catapulted the demand for AHF in recent years. The major AHF producers in China are Shandong Binhua Chemical, Sichuan Yuchang Chemical, and Guangdong Yiheng Technology. Most of the production facilities are located in the Sichuan, Shandong and Hubei provinces. In terms of distribution channels, major AHF producers in the country market their products through specialized distributors that cater to the aluminum, refrigeration, electronic, and chemical industries. Several companies have also set up their own sales outlets to facilitate better contact with the customers and serve the growing AHF demands in the country.
The Chinese AHF market is characterized by the presence of a few major players that produce the product in large volumes for both domestic and international markets. However, with the increasing demand, the industry is set to witness an influx of small and medium-sized players in the near future. Meanwhile, over the forecast period (2018-2032), the AHF market in China is projected to register a robust growth driven mainly by increased activities in end-user industries, high levels of foreign investments, and government initiatives and regulations to reduce the carbon emission. Additionally, with the gradual shift from manual to automated production modes, the demand for AHF is expected to increase significantly. To summarize, it can be concluded that the demand for anhydrous hydrogen fluoride is set to rise in China over the coming years, backed by robust expectations from end-user industries and innovative production techniques.
Research Methodology
Figures reflect Wantstats’ original market research and forecasting models, compiled as part of the Wantstats research archive and published in 2023.
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Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.