Major Companies in the Fluoroantimonic Acid Market: Overview, Sales Revenue, and Market Size Forecasted for The Period of 2021-2028 and CAGR of 6.3%
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Introduction:
Fluoroantimonic acid (HSbF6) is one of the strongest superacids, with a Hammett acidity function value of -28. It is widely used in various industrial applications such as catalysis, chemical synthesis, and petroleum refining. The global fluoroantimonic acid market is expected to grow at a significant rate due to the increasing demand for superacids in the chemical industry. In this blog, we will discuss the major companies operating in the fluoroantimonic acid market and their contributions to the market.
Major Companies in Fluoroantimonic Acid Market:
Honeywell International Inc.
Honeywell is a multinational conglomerate that operates in various industries such as aerospace, building technologies, and performance materials. The company offers fluoroantimonic acid as a specialty chemical under its performance materials and technologies division. Honeywell's fluoroantimonic acid is widely used in the petrochemical industry for alkylation processes. In 2020, Honeywell's revenue from the performance materials and technologies division was $9.7 billion.
Solvay SA
Solvay is a Belgian chemical company that offers fluoroantimonic acid as a superacid under its specialty polymers division. The company's fluoroantimonic acid is used in various applications such as pharmaceuticals, electronics, and catalysts. In 2020, Solvay's revenue from the specialty polymers division was €2.4 billion.
Central Glass Co., Ltd.
Central Glass is a Japanese specialty chemicals company that offers fluoroantimonic acid under its inorganic chemicals division. The company's fluoroantimonic acid is widely used in the production of pharmaceuticals, agrochemicals, and synthetic resins. In 2020, Central Glass's revenue from the inorganic chemicals division was JPY 35.7 billion.
Kanto Denka Kogyo Co., Ltd.
Kanto Denka Kogyo is a Japanese chemical company that offers fluoroantimonic acid as a superacid under its inorganic chemicals division. The company's fluoroantimonic acid is used in various applications such as pharmaceuticals, electronics, and catalysts. In 2020, Kanto Denka Kogyo's revenue from the inorganic chemicals division was JPY 54.6 billion.
Zhejiang Kaihua Yuantong Silicon Industry Co., Ltd.
Zhejiang Kaihua Yuantong Silicon Industry is a Chinese company that offers fluoroantimonic acid as a specialty chemical under its fine chemicals division. The company's fluoroantimonic acid is widely used in the chemical synthesis of various organic compounds. In 2020, Zhejiang Kaihua Yuantong Silicon Industry's revenue from the fine chemicals division was CNY 2.1 billion.
Market Size:
The global fluoroantimonic acid market size was valued at $0.19 billion in 2020 and is expected to grow at a CAGR of 6.3% from 2021 to 2028. The increasing demand for fluoroantimonic acid in various industrial applications such as catalysis, chemical synthesis, and petroleum refining is driving the market growth. The Asia Pacific region is expected to dominate the market due to the increasing demand for superacids in the chemical industry and the presence of major manufacturers in the region.
In conclusion, the fluoroantimonic acid market is expected to witness significant growth in the coming years due to the increasing demand for the acid in various end-use industries. The market is dominated by key players such as Honeywell International Inc., Solvay, Merck KGaA, BASF SE, Sigma-Aldrich Co. LLC, and others who are continuously investing in research and development activities to improve their product offerings and cater to the evolving market demands. With the growing need for specialty chemicals in various industrial applications, the fluoroantimonic acid market is expected to expand at a steady pace, creating opportunities for new players to enter the market and capitalize on the growing demand. Additionally, the rising demand for electronics and semiconductor products is expected to drive the growth of the fluoroantimonic acid market in the forecast period. The market size for fluoroantimonic acid is expected to increase at a healthy CAGR, reaching millions of dollars in revenue by the end of the forecast period.
#HoneywellInternational #ZhejiangKaihuaYuantongSiliconIndustry #KantoDenkaKogyoCo #CentralGlassCo
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