The Sulfur Hexafluoride Market is expected to promise high growth owing to the rise in demand for power utilities globally in recent years. Increasing demand from End-Use Industries including the electric power industry, metals melting, medical, electronics, and others are expected to drive the growth of the market.
Sulfur hexafluoride is a colorless, inorganic, non-flammable, odorless, non-toxic extremely strong greenhouse gas and an excellent electrical insulator. Sulfur hexafluoride has an octahedral geometry, consisting of six fluorine molecules appended to a local sulfur particle. It is a hypervalent atom. Sulfur hexafluoride is ineffectively dissolvable in water but quite soluble in nonpolar natural solvents. It is generally transported as a condensed compacted gas. It has a density of 6.12 g/L at sea level conditions, extensively higher than the density of air.
Segment Insights
Sulfur hexafluoride is widely used in insulating and cooling applications in electric and power industries, owing to its superior thermal stability and excellent dielectric strength. Sulfur hexafluoride has key applications in electric power transmission and distribution systems, such as gas-insulated switchgear, circuit breakers and load break switches due to its electrical insulation property and arc interruption capability. The product also finds applications in power and energy, metal manufacturing, and electronics industries.
The global sulfur hexafluoride market is growing with improvements in electricity production due to the high demand from residential, commercial, and industrial sectors. Moreover, the high demand for end-use applications from the semiconductor manufacturing industry is driving the global sulfur hexafluoride market. Additionally, the rising demand for homes and infrastructure due to the rapid increase in population globally has increased the need for power utilities. All these factors are fueling the growth of the global sulfur hexafluoride market.
Key Factors Impacting Market Growth:
- The rise in demand for power utilities globally
- Crucial in electrical transmission and distribution practice due to unique properties
- High demand from residential, commercial, and industrial sectors
- Strict regulations imposed on manufacturing and use of sulfur hexafluoride
Regional Analysis
On the basis of the region, the sulfur hexafluoride market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. North America and Western Europe are some of the major markets that are also traditional suppliers of chemicals such as specialty chemicals, bulk chemicals, and so on. Major companies in this market are headquartered in North America and Western Europe. This region has been witnessing a number of transitions in terms of productions of chemicals and respective applications by end-use industries. The preference towards bio-based feedstock has been instrumental in the development of the green alternatives in these regions. Moreover, regulatory authorities have imposed strict guidelines with regard to environmental concerns and potential health hazards due to exposures. This has been more instrumental in the Western Europe region competitively. Some of the major economies in these regions include the US, Germany, UK, France, Canada, Italy, Spain, and so on.
The Asia Pacific and the Middle East are expected to register substantial growth in the sulfur hexafluoride market during the forecast period. This demand is with regard to the growth of major end-use industries/Applications such as the electric power industry, metals melting, medical, electronics, and others. Major countries in the Asia Pacific region include China, South Korea, Japan, India, Australia, and so on. Middle East includes the UAE, Saudi Arabia, Iran, Israel, Egypt, and so on. Eastern Europe has been largely dominated by Russia and Turkey with operations of major chemical giants in the region. Rest the World that includes South America and Africa has a strong potential for the sulfur hexafluoride market. There has been an increasing number of investments by global companies in these regions to strengthen their presence and tap the potential market. Major economies in these regions for the sulfur hexafluoride market include Brazil, South Africa, Nigeria, Argentina, Colombia, and others.
Companies Covered: Solvay, AGC Chemicals, Kanto Denka Kogyo Co., Ltd., SHOWA DENKO K.K., The Linde Group, Air Products and Chemicals, Inc., Air Liquide, Axcel Gases, Fujian Shaowu Yongfei Chemical Co., Ltd, Concorde Specialty Gases, Shandong Ruihua Fluoride Industry Co. Ltd, and Wuxi Tianzhi Chemical Technology Co. Ltd., Asahi Glass Co., Ltd., ChemChina, Praxair, Matheson Tri-Gas, and Honeywell
Market Segmentation:
By Type:
- Electronic Grade & High-Purity SF6
- Technical Grade SF6
By Application:
- Electrical Transmission & Distribution
- Semiconductor Manufacturing
- Magnesium production
- Ophthalmological Surgeries
By End User:
- Electric Power Industry
- Metals Melting
- Medical
- Electronics
- Others
By Region:
- North America
- By Country (US, Canada, Mexico)
- By Type
- By Application
- By End User
- Western Europe
- By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
- By Type
- By Application
- By End User
- Eastern Europe
- By Country (Russia, Turkey, Rest of Eastern Europe)
- By Type
- By Application
- By End User
- Asia Pacific
- By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
- By Type
- By Application
- By End User
- Middle East
- By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
- By Type
- By Application
- By End User
- Rest of the World
- By Region (South America, Africa)
- By Type
- By Application
- By End User
Reasons to Buy This Report:
- Market size estimation of the global sulfur hexafluoride market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country
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