UAE Anhydrous Hydrogen Fluoride Market Outlook (2018 to 2032)
Synopsis
The above chart is UAE Anhydrous Hydrogen Fluoride Market Outlook (2018 to 2032)
Market Dynamics
the united arab emirates (uae) is home to the largest producer of anhydrous hydrogen fluoride in the middle east region, with production plants located in the northern emirates. anhydrous hydrogen fluoride is an important chemical used extensively in metal refining, fertilizers, and catalysts manufacturing industries. the uae is the largest consumer of anhydrous hydrogen fluoride, primarily due to its vast oil and gas industry. the increasing demand for gas refinery, coupled with expansion of different industrial sectors, is driving up the demand for anhydrous hydrogen fluoride in the uae.
in order to meet the growing demand of anhydrous hydrogen fluoride, the uae has started to identify potential sources of imported material. these sources include the usa, the netherlands, france, china, india, japan and south korea. currently, the uae sources nearly 80% of its requirements for anhydrous hydrogen fluoride from the usa and the netherlands.
the most important supplier of anhydrous hydrogen fluoride to the uae is the usa, which accounts for about 46% of the uae’s total imports. this is followed by the netherlands, france, china, india, japan, and south korea, which contribute collectively to the remaining 54% of imports.
the outlook for the uae’s anhydrous hydrogen fluoride market is expected to remain positive over the next few years. as the country’s oil and gas industry expands, the demand for anhydrous hydrogen fluoride is likely to surge, driving up its prices in the local market. on the other hand, the developing countries’ increasing demand for cheaper sources of anhydrous hydrogen fluoride could lead to increased exports from the uae. in addition, the uae’s plans for deepening its integration with the global market, specifically with the gcc, could open new opportunities to the uae’s anhydrous hydrogen fluoride industry.
the uae’s anhydrous hydrogen fluoride market will likely continue to improve in the coming years as the country moves forward with its diversification strategy. the rising demand for anhydrous hydrogen fluoride is likely to create new opportunities for local producers to satisfy the needs of neighboring countries, as well as to capture some of the global market. this in turn will have a positive impact on the uae’s anhydrous hydrogen fluoride export volumes and prices, and thus, on the overall market outlook.