Press release
Sulfur Hexafluoride Market 2021 Is Ready to Set Exceptional Progression in Upcoming Years | Praxair, Linde, Messer
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Key Trends and Drivers
The rising demand for electrical and electronics products is one of the major factors driving the growth of the SF6 market. SF6 is used in electrical equipment such as circuit breakers, switchgear, and gas-insulated substations due to its excellent electrical insulation properties. The growing demand for electricity in developed as well as developing countries is expected to boost the demand for electrical equipment, which in turn is expected to drive the growth of the SF6 market.
The increasing use of SF6 in magnesium production is another factor driving the growth of the SF6 market. SF6 is used as a shielding gas in the production of magnesium by the electrolytic process. The increasing demand for magnesium in the automotive and aerospace industries is expected to boost the demand for SF6.
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SF6 low global warming potential makes it a desirable gas for use in a variety of applications. SF6 has a global warming potential that is approximately 23,900 times lower than that of carbon dioxide (CO2). This low global warming potential makes SF6 an attractive option for use in applications where greenhouse gas emissions need to be minimized.
The low cost of SF6 is another key driver of the SF6 market. SF6 is a by-product of the production of fluorinated gases and is readily available at a low cost. Additionally, the use of SF6 can result in a significant cost savings when compared to other gases used in similar applications.
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Market Segments
By Product
Electronic Grade
UHP Grade
Standard Grade
By Application
Power & Energy
Medical
Metal Manufacturing
Electronics
Others
Key Players
Praxair
Linde
Air Products and Chemicals
Matheson Tri-Gas
Messer
Togas
Solvay
Honeywell
Daikin
Genetron
Fluorochem
Sojitz
Sinochem
Showa Denko
JX Nippon
Asahi Glass
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