What's driving the Sulfur Hexafluoride Market Trends? Key Company Profiled Honeywell, Solvay, Linde Group, Matheson Tri-Gas, Praxair, Suzhou Jinhong Gas Company, American Gas Products, Concorde Specialty Gases, WestAir, Electronic Fluorocarbons, Airgas
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Based on application, the market is segmented as dielectric, etchant, inert gas, and other applications such as sound insulation, tracer gas, etc. Dielectric is likely to be a major application segment that will drive the global sulfur hexafluoride market growth. Etchant application segment will also account for a substantial share of the global market.
According to end-users, the sulfur hexafluoride market is segmented into power & energy, electronics, metal manufacturing, medical, and others such as glass manufacturing, etc. Power & energy is likely to be a major end-user segment owing to the high product consumption as a dielectric. Electronics and metal manufacturing end-user segments will also be key industries that will drive the global market growth.
The proliferation of the global power generation industry will be a major growth enabler for the sulfur hexafluoride market. The product is extensively used in circuit breakers and switchgears as an arc quenching medium. The product also acts as an electric insulation for the electrical components. High-voltage cables, transducers, transformers, particle and electron accelerators, UHF transmission systems, and X-ray equipment are other electrical components that employ the product as an electrical insulation and arc quencher. High growth in the power generation sector in developing countries will augment the sulfur hexafluoride market. Increasing installation of renewable power generation plants across the globe will also propel product demand for use as electric insulator.
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Sulfur hexafluoride is also used as an etching agent in the semiconductor industry. The product is used in the manufacture of semiconductor devices such as integrated circuits (ICs), flat panel displays, photovoltaic panels, and micro-electro mechanical systems (MEMS). The product is applied as an etching gas owing to the density and large molecule size. High growth in the semiconductor industry will help the sulfur hexafluoride market to grow. Increasing semiconductor and electronic gadget production in the Asia Pacific region will fuel product demand in coming years.
Major manufacturers of sulfur hexafluoride include Honeywell, Solvay, Linde Group, Matheson Tri-Gas, Praxair, Suzhou Jinhong Gas Company, American Gas Products, Concorde Specialty Gases, WestAir, Electronic Fluorocarbons, Airgas, etc.
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