Data N Analysis forecasts the Global Ammonium Bifluoride  Market to Grow beyond $ 100 million by the end of 2025

Data N Analysis forecasts the Global Ammonium Bifluoride  Market to Grow beyond $ 100 million by the end of 2025
According to a new report published by Data N Analysis titled “Ammonium Bifluoride Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019-2026”, The global ammonium bifluoride market was valued at USD 83.7 million and it is anticipated to reach USD 102.9 million by the end of 2025, growing at a CAGR of 2.9% during the forecast period of  2019-2025.
The global ammonium bifluoride market is witnessing a progressive growth over the past few years and it is anticipated register significant growth during the forecast period. Increasing cleaning application of ammonium bifluoride is the key factor driving the growth of this market. Increasing uses of ammonium bifluoride as a preservative is one of recent industry trend observed, which further anticipated to offer new growth opportunities.   
Based on the grade the global ammonium bifluoride market is segmented into analysis grade, industrial grade and others. Industrial grade accounted for the largest ammonium bifluoride market share in 2018 and it is anticipated to be the largest segment during the forecast period. The reagents used by the industries are highly graded as they are used in the synthesis of the different organic compounds. These grade ammonium bifluoride are used by an oil refinery, sugar industries, and others. Being high purity, these are very expensive. In sugar industry, they are used as a bactericide, and an oil refinery, they are used in oil extraction method. This segment holds the major share in the market.
Based on the application, the global ammonium bifluoride market is segmented into disinfectant, glass etching agent, preservatives, other. Glass etching agent acquired the largest ammonium bifluoride market share in 2018. Ammonium Bifluoride has found a wide array of application in the engraving of metals before they further processed. It is used in the etching of glass or cleaning of brick and ceramics. In this process, etching solutions based on ammonium bifluoride are poured to get the desired mat drawing. Changing trends toward matt drawing on glass and metal has increased the market of ammonium bifluoride. The chemical is preferred due to a safe option than hydrofluoric acid which is traditionally used as an etching agent. Due to these, use of ammonium bifluoride as a etching agent is growing significantly.

On the basis of region, the global ammonium bifluoride market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the largest market in terms of production as well as consumption and it is antiquated to be the largest one by the end of forecast period of 2019-2026. Some of the factors driving the growth of the Asia-Pacific ammonium bifluoride market are availability of technologically developed production technologies, availability raw material, and rising investment across the chemical industry. Aster Asia-Pacific Europe is next largest ammonium bifluoride market; expected to offer significant growth during the forecast period.
 Some of the major players analyzed and profiles in this market include    Some of the major players in the global ammonium bifluoride market are, DERIVADOS DEL FLUOR, S.A., Dongyue Group Limited, Fluoro Chemicals, Halliburton Company, Jay Intermediates & Chemicals, Zhejiang Sanmei Chemical Industry Co., Ltd., Shanghai Yixin Chemical Co., Ltd , Honeywell International Inc., Shaowu Huaxin Chemical Co Ltd, and Solvay S.A.