Sulfur Hexafluoride Market - Growth, Trends, and Forecast (2019 – 2024)

The Sulfur Hexafluoride Market is Segmented by Application (Electronics, Metal Manufacturing, Medical, and Other Applications), Product Type (Electronic/Technical Grade and Ultra-high Purity Grade), and Geography (Asia-Pacific, North America, Europe, South America, Middle East & Africa).

Market Snapshot

Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Major Players:

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Market Overview

The market for sulfur hexafluoride is anticipated to register a CAGR over 5% during the forecast period (2019 – 2024).

  • Growing demand for electricity in developing countries is expected to drive the demand for sulfur hexafluoride during the forecast period.
  • Environmental impact, such as increasing global warming and pollution, is likely to hinder the market’s growth.
  • Adoption of HVDC transmission in developing nations is projected to act as an opportunity for the market in the future.

Scope of the Report

The sulfur hexafluoride market report includes:

Application
Electronics
Metal Manufacturing
Medical
Other Applications
Product Type
Electronic/Technical Grade
Ultra-high Purity Grade
Geography
North America
United States
Mexico
Canada
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
Rest of Middle East & Africa

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Key Market Trends

  • The second-biggest application of sulfur hexafluoride is as a dielectric medium in switchgear, capacitors, circuit breakers, and other electric appliances.
  • Sulfur hexafluoride is suitable for operating in a range of 33 KV to 800 KV, which makes it an ideal dielectric medium for circuit breakers. A large number of appliances with varied operating conditions and operating ranges can be made with the help of sulfur hexafluoride.
  • The demand for electricity has been steadily increasing in developing nations due to their economic development and increasing living standards. One of the major reasons for this is the increasing demand for mobile, television, and other household appliances.
  • The adoption of HVDC transmission in some of the developing nations can further increase the demand for sulfur hexafluoride, as it is useful in manufacturing of high voltage transmission systems and equipment.
  • All the aforementioned factors are expected to drive the demand for the sulfur hexafluoride during the forecast period.

To understand key trends, Download Sample Report

  • The European region was expected to experience a slower growth rate than other regions with major developing nations, in 2018.
  • In Europe, the largest application for sulfur hexafluoride is medical applications. Germany is the largest market for medical devices in Europe.
  • Italy was Europe’s fourth-largest market for medical devices after Germany, France, and the United Kingdom with market size of USD 9,061 million, in 2016, and it is projected to register a CAGR of 2 % between 2017-2020.
  • The usage of sulfur hexafluoride in metal manufacturing is declining owing to the stringent regulations imposed by the governments of developed nations in Europe. 
  • The sulfur hexafluoride market in the European region is anticipated to register a slower growth during the forecast period.

To understand geography trends, Download Sample Report

Competitive Landscape

The sulfur hexafluoride market is partially fragmented. Key players in the sulfur hexafluoride market include Solvay, The Linde Group, Showa Denko K.K., Concorde Specialty Gases Inc., and Air Products and Chemicals Inc.

Download the market shares of key players in this industry.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Growing Demand for Electricity in Developing Countries

      2. 4.1.2 Increasing Application in Medical Sector

    2. 4.2 Restraints

      1. 4.2.1 Environmental Impact

    3. 4.3 Value Chain / Supply Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Electronics

      2. 5.1.2 Metal Manufacturing

      3. 5.1.3 Medical

      4. 5.1.4 Other Applications

    2. 5.2 Product Type

      1. 5.2.1 Electronic/Technical Grade

      2. 5.2.2 Ultra-high Purity Grade

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Mexico

        3. 5.3.1.3 Canada

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 India

        3. 5.3.3.3 Japan

        4. 5.3.3.4 South Korea

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 Saudi Arabia

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Advanced Specialty Gases

      2. 6.4.2 Air Liquide

      3. 6.4.3 Air Products and Chemicals Inc.

      4. 6.4.4 Chongqing Daan Yingde Speciality Gas Co. Ltd

      5. 6.4.5 Concorde Specialty Gases Inc.

      6. 6.4.6 Fujian Yongjing Technology Co. Ltd

      7. 6.4.7 Kanto Denka Kogyo Co. Ltd

      8. 6.4.8 Matheson Tri-Gas Inc.

      9. 6.4.9 Praxair Technology Inc.

      10. 6.4.10 Linde

      11. 6.4.11 SHOWA DENKO K.K.

      12. 6.4.12 Solvay

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Adoption of HVDC Transmission in Developing Nations.

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Sulfur Hexafluoride Market - Growth, Trends, and Forecast (2019 – 2024)

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