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Sulfur Hexafluoride Market to grow significantly at a healthy CAGR by 2028 | Top Players- Solvay, AGC Chemicals, Air Liquide, Axcel Gases among Others

02-26-2020 09:09 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: QUINCE MARKET INSIGHTS

Sulfur Hexafluoride Market

Sulfur Hexafluoride Market

A recent report published by QMI on the Sulfur Hexafluoride market is a detailed assessment of the most important market dynamics. After carrying out a thorough research of sulfur hexafluoride market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for sulfur hexafluoride during the forecast period. It can enable manufacturers of sulfur hexafluoride to change their production and marketing strategies in order to envisage maximum growth.

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Understanding the chemistry and uses of Sulfur Hexafluoride-

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 an extremely strong greenhouse gas that is colorless, inorganic, non-flammable, odorless, non-toxic and an excellent electrical insulator. Sulfur hexafluoride has an octahedral geometry which consists of six fluorine molecules attached to a local particle of sulfur. 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.

Segmentation for better understanding of this market and its growth prospects

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.

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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:

o The rise in demand for power utilities globally

o Crucial in electrical transmission and distribution practice due to unique properties

o High demand from residential, commercial, and industrial sectors

o Strict regulations imposed on manufacturing and use of sulfur hexafluoride

Regional distribution and potential areas for growth

Based on 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. 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.

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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:
o Electronic Grade & High-Purity SF6
o Technical Grade SF6

By Application:
o Electrical Transmission & Distribution
o Semiconductor Manufacturing
o Magnesium production
o Ophthalmological Surgeries

By End User:
o Electric Power Industry
o Metals Melting
o Medical
o Electronics
o Others

By Region:
North America
o By Country (US, Canada, Mexico)
o By Type
o By Application
o By End User

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Type
o By Application
o By End User

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Type
o By Application
o By End User

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Type
o By Application
o By End User

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Type
o By Application
o By End User

Rest of the World
o By Region (South America, Africa)
o By Type
o By Application
o By End User

Reasons to Buy This Report:

o Market size estimation of the global sulfur hexafluoride market on a regional and global basis

o The unique research design for market size estimation and forecast

o Profiling of major companies operating in the market with key developments

o 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:
o By Segment
o By Sub-segment
o By Region/Country

Contact:

Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109
Pune, Maharashtra 411028
Phone: US +1 208 405 2835 / UK +44 121 364 6144 / APAC +91 706 672 4848
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

ABOUT US:

QMI has the most comprehensive collection of market research products and services available on the web. We deliver reports from virtually all major publications and refresh our list regularly to provide you with immediate online access to the world's most extensive and up-to-date archive of professional insights into global markets, companies, goods, and patterns.

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