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Sulfur Hexafluoride Market

Sulfur Hexafluoride Market Forecasts to 2028 – Global Analysis By Product (Electronic/Technical Grade, Standard Grade, Ultra High Purity (UHP) Grade), Packaging (Cylinders, Drum Tanks), Application, End User and By Geography

4.2 (28 reviews)
Published: August 2021 ID: SMRC20844
4.2 (28 reviews)
Published: August 2021 ID: SMRC20844

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Sulfur Hexafluoride Market is accounted for $237.94 million in 2020 and is expected to reach $424.37 million by 2028 growing at a CAGR of 7.5% during the forecast period. Increase in electricity consumption, rising demand for homes and infrastructure development are the major factors propelling the market growth. However, huge production & supply costs of raw materials and rise in environmental concerns & regulations to control greenhouse effects are hampering the market growth.

Sulfur hexafluoride (SF₆) is a non-flammable, non-toxic, colorless, odorless, and un-reactive liquefied gas under normal atmospheric conditions. It is typically produced in itemized amounts through the direct fluorination of high-purity sulfur and transported in tube trailers and cylinders under its own vapour pressure across the world. It is an excellent dielectric material, and shows outstanding electric insulating properties. SF6 also has some non-electrical applications such as manufacturing of molten magnesium and aluminum, leak detection, window insulation, plasma etching for semiconductor chip production, shock absorbers, contrasting agent in ultrasound imaging, and a tracer in monitoring air pollution, among others.

Based on end user, the power & energy segment is estimated to have a lucrative growth due to the large-scale use of SF6 in the manufacturing of gas-insulated switchgear (GIS), switchgear, high-voltage circuit breakers, high voltage transformers, gas-insulated power substations, distribution voltage, gas-insulated transmission lines, and particles accelerators, among others which are the major drivers for the product in power & energy industry. SF6 acts as insulation in super-voltage generators present in particle and electron accelerators for property enhancement of polymeric materials.

By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to the continued robust economic growth, low production and labor cost, and favorable regulatory framework. These factors are influencing the bulk production of SF6, which in turn is fueling the growth of the product market in the region. China is a highly lucrative country for sulfur hexafluoride in Asia Pacific. Rapid urbanization due to rise in demand for power utilities in the country and presence of a well-established semiconductor manufacturing industry are anticipated to fuel the sulfur hexafluoride market in China during the forecast period. Demand for end-use applications in the electronics industry has been increasing mainly in countries such as Thailand, South Korea, Taiwan, and Malaysia. This, in turn, is projected to fuel the sulfur hexafluoride market during the forecast period.

Some of the key players profiled in the Sulfur Hexafluoride Market include Advanced Specialty Gases, Air Liquide, Air Products and Chemicals, Inc, ChemChina, Concorde Specialty Gases, Fujian Shaowu Yongfei Chemical Co., Ltd, Honeywell International, Kanto Denka Kogyo, Linde Group, Matheson Tri-Gas, Inc, Praxair, Shandong Ruihua Fluoride Industry Co. Ltd, Showa Denko K.K, Solvay, and Wuxi Tianzhi Chemical Technology Co., Ltd.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 237.94 million

Estimated Period:

2020

Compound Annual Growth Rate (CAGR) from 2020 to 2028:

7.5%

Predicted 2028 Value:

USD 424.37 million

Forecast Years:

2021-2028

Tables, Graphs & Figures

108

Chapters Covered:

Product, Packaging, Application, End User and Region

Core Drivers and Opportunities:

  • Increase in electricity consumption
  • Rising demand for homes
  • Infrastructure development

Restraining Factors & Market Threats:

  • Huge production & supply costs of raw materials
  • Rise in environmental concerns & regulations


Products Covered:
• Electronic/Technical Grade
• Standard Grade
• Ultra High Purity (UHP) Grade

Packagings Covered:
• Cylinders
• Drum Tanks

Applications Covered:
• Electrical Transmission and Distribution
• Semiconductor Manufacturing

End Users Covered:
• Electronics
• Glass
• Medical Technology
• Power & Energy
• Steel and Metal
• Window Insulation

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Sulfur Hexafluoride Market is majorly driven by increase in electricity consumption, rising demand for homes and infrastructure development.

The power & energy segment is growing at a highest CAGR owing to large-scale use of SF6 in the manufacturing of gas-insulated switchgear (GIS), high-voltage circuit breakers, high voltage transformers, particles accelerators, among others.

Asia Pacific dominated with a significant market share due to the factors such as rising disposable income, expanding middle-class population, changing demographics, rising education levels, and rapid urbanization across the region.

South America market is growing at a highest CAGR owing to the increasing manufacturing activities in the region along with rapid urbanization.

Key players in Sulfur Hexafluoride Market include Advanced Specialty Gases, Air Liquide, Air Products and Chemicals, Inc, ChemChina, Concorde Specialty Gases, Fujian Shaowu Yongfei Chemical Co., Ltd, Honeywell International, Kanto Denka Kogyo, Linde Group, Matheson Tri-Gas, Inc, Praxair, Shandong Ruihua Fluoride Industry Co. Ltd, Showa Denko K.K, Solvay, and Wuxi Tianzhi Chemical Technology Co., Ltd.

1 Executive Summary       
         
2 Preface      
  
 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      

 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Product Analysis      
 3.7 Application Analysis     
 3.8 End User Analysis      
 3.9 Emerging Markets      
 3.10 Impact of Covid-19      
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global Sulfur Hexafluoride Market, By Product    

 5.1 Introduction      
 5.2 Electronic/Technical Grade     
 5.3 Standard Grade      
 5.4 Ultra High Purity (UHP) Grade     
         
6 Global Sulfur Hexafluoride Market, By Packaging    
 6.1 Introduction      
 6.2 Cylinders       
 6.3 Drum Tanks      
         
7 Global Sulfur Hexafluoride Market, By Application    

 7.1 Introduction      
 7.2 Electrical Transmission and Distribution    
 7.3 Semiconductor Manufacturing     
         
8 Global Sulfur Hexafluoride Market, By End User    
 8.1 Introduction      
 8.2 Electronics      
 8.3 Glass       
 8.4 Medical Technology      
 8.5 Power & Energy      
 8.6 Steel and Metal      
 8.7 Window Insulation      
         
9 Global Sulfur Hexafluoride Market, By Geography    

 9.1 Introduction      
 9.2 North America      
  9.2.1 US      
  9.2.2 Canada      
  9.2.3 Mexico      
 9.3 Europe       
  9.3.1 Germany      
  9.3.2 UK      
  9.3.3 Italy      
  9.3.4 France       
  9.3.5 Spain      
  9.3.6 Rest of Europe     
 9.4 Asia Pacific      
  9.4.1 Japan      
  9.4.2 China      
  9.4.3 India      
  9.4.4 Australia      
  9.4.5 New Zealand     
  9.4.6 South Korea     
  9.4.7 Rest of Asia Pacific     
 9.5 South America      
  9.5.1 Argentina     
  9.5.2 Brazil      
  9.5.3 Chile      
  9.5.4 Rest of South America    
 9.6 Middle East & Africa     
  9.6.1 Saudi Arabia     
  9.6.2 UAE      
  9.6.3 Qatar      
  9.6.4 South Africa     
  9.6.5 Rest of Middle East & Africa    
         
10 Key Developments       
 10.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 10.2 Acquisitions & Mergers     
 10.3 New Product Launch     
 10.4 Expansions      
 10.5 Other Key Strategies     
         
11 Company Profiling       
 11.1 Advanced Specialty Gases     
 11.2 Air Liquide      
 11.3 Air Products and Chemicals, Inc    
 11.4 ChemChina      
 11.5 Concorde Specialty Gases     
 11.6 Fujian Shaowu Yongfei Chemical Co., Ltd    
 11.7 Honeywell International     
 11.8 Kanto Denka Kogyo      
 11.9 Linde Group      
 11.10 Matheson Tri-Gas, Inc     
 11.11 Praxair       
 11.12 Shandong Ruihua Fluoride Industry Co. Ltd   
 11.13 Showa Denko K.K      
 11.14 Solvay       
 11.15 Wuxi Tianzhi Chemical Technology Co., Ltd   


List of Tables        
1 Global Sulfur Hexafluoride Market Outlook, By Region (2019-2028) ($MN) 
2 Global Sulfur Hexafluoride Market Outlook, By Product (2019-2028) ($MN) 
3 Global Sulfur Hexafluoride Market Outlook, By Electronic/Technical Grade (2019-2028) ($MN)
4 Global Sulfur Hexafluoride Market Outlook, By Standard Grade (2019-2028) ($MN) 
5 Global Sulfur Hexafluoride Market Outlook, By Ultra High Purity (UHP) Grade (2019-2028) ($MN)
6 Global Sulfur Hexafluoride Market Outlook, By Packaging (2019-2028) ($MN) 
7 Global Sulfur Hexafluoride Market Outlook, By Cylinders (2019-2028) ($MN) 
8 Global Sulfur Hexafluoride Market Outlook, By Drum Tanks (2019-2028) ($MN) 
9 Global Sulfur Hexafluoride Market Outlook, By Application (2019-2028) ($MN) 
10 Global Sulfur Hexafluoride Market Outlook, By Electrical Transmission and Distribution (2019-2028) ($MN)
11 Global Sulfur Hexafluoride Market Outlook, By Semiconductor Manufacturing (2019-2028) ($MN)
12 Global Sulfur Hexafluoride Market Outlook, By End User (2019-2028) ($MN) 
13 Global Sulfur Hexafluoride Market Outlook, By Electronics (2019-2028) ($MN) 
14 Global Sulfur Hexafluoride Market Outlook, By Glass (2019-2028) ($MN)  
15 Global Sulfur Hexafluoride Market Outlook, By Medical Technology (2019-2028) ($MN)
16 Global Sulfur Hexafluoride Market Outlook, By Power & Energy (2019-2028) ($MN) 
17 Global Sulfur Hexafluoride Market Outlook, By Steel and Metal (2019-2028) ($MN) 
18 Global Sulfur Hexafluoride Market Outlook, By Window Insulation (2019-2028) ($MN)
19 North America Sulfur Hexafluoride Market Outlook, By Country (2019-2028) ($MN) 
20 North America Sulfur Hexafluoride Market Outlook, By Product (2019-2028) ($MN) 
21 North America Sulfur Hexafluoride Market Outlook, By Electronic/Technical Grade (2019-2028) ($MN)
22 North America Sulfur Hexafluoride Market Outlook, By Standard Grade (2019-2028) ($MN)
23 North America Sulfur Hexafluoride Market Outlook, By Ultra High Purity (UHP) Grade (2019-2028) ($MN)
24 North America Sulfur Hexafluoride Market Outlook, By Packaging (2019-2028) ($MN)
25 North America Sulfur Hexafluoride Market Outlook, By Cylinders (2019-2028) ($MN)
26 North America Sulfur Hexafluoride Market Outlook, By Drum Tanks (2019-2028) ($MN)
27 North America Sulfur Hexafluoride Market Outlook, By Application (2019-2028) ($MN)
28 North America Sulfur Hexafluoride Market Outlook, By Electrical Transmission and Distribution (2019-2028) ($MN)
29 North America Sulfur Hexafluoride Market Outlook, By Semiconductor Manufacturing (2019-2028) ($MN)
30 North America Sulfur Hexafluoride Market Outlook, By End User (2019-2028) ($MN)
31 North America Sulfur Hexafluoride Market Outlook, By Electronics (2019-2028) ($MN)
32 North America Sulfur Hexafluoride Market Outlook, By Glass (2019-2028) ($MN) 
33 North America Sulfur Hexafluoride Market Outlook, By Medical Technology (2019-2028) ($MN)
34 North America Sulfur Hexafluoride Market Outlook, By Power & Energy (2019-2028) ($MN)
35 North America Sulfur Hexafluoride Market Outlook, By Steel and Metal (2019-2028) ($MN)
36 North America Sulfur Hexafluoride Market Outlook, By Window Insulation (2019-2028) ($MN)
37 Europe Sulfur Hexafluoride Market Outlook, By Country (2019-2028) ($MN) 
38 Europe Sulfur Hexafluoride Market Outlook, By Product (2019-2028) ($MN) 
39 Europe Sulfur Hexafluoride Market Outlook, By Electronic/Technical Grade (2019-2028) ($MN)
40 Europe Sulfur Hexafluoride Market Outlook, By Standard Grade (2019-2028) ($MN) 
41 Europe Sulfur Hexafluoride Market Outlook, By Ultra High Purity (UHP) Grade (2019-2028) ($MN)
42 Europe Sulfur Hexafluoride Market Outlook, By Packaging (2019-2028) ($MN) 
43 Europe Sulfur Hexafluoride Market Outlook, By Cylinders (2019-2028) ($MN) 
44 Europe Sulfur Hexafluoride Market Outlook, By Drum Tanks (2019-2028) ($MN) 
45 Europe Sulfur Hexafluoride Market Outlook, By Application (2019-2028) ($MN) 
46 Europe Sulfur Hexafluoride Market Outlook, By Electrical Transmission and Distribution (2019-2028) ($MN)
47 Europe Sulfur Hexafluoride Market Outlook, By Semiconductor Manufacturing (2019-2028) ($MN)
48 Europe Sulfur Hexafluoride Market Outlook, By End User (2019-2028) ($MN) 
49 Europe Sulfur Hexafluoride Market Outlook, By Electronics (2019-2028) ($MN) 
50 Europe Sulfur Hexafluoride Market Outlook, By Glass (2019-2028) ($MN)  
51 Europe Sulfur Hexafluoride Market Outlook, By Medical Technology (2019-2028) ($MN)
52 Europe Sulfur Hexafluoride Market Outlook, By Power & Energy (2019-2028) ($MN) 
53 Europe Sulfur Hexafluoride Market Outlook, By Steel and Metal (2019-2028) ($MN) 
54 Europe Sulfur Hexafluoride Market Outlook, By Window Insulation (2019-2028) ($MN)
55 Asia Pacific Sulfur Hexafluoride Market Outlook, By Country (2019-2028) ($MN) 
56 Asia Pacific Sulfur Hexafluoride Market Outlook, By Product (2019-2028) ($MN) 
57 Asia Pacific Sulfur Hexafluoride Market Outlook, By Electronic/Technical Grade (2019-2028) ($MN)
58 Asia Pacific Sulfur Hexafluoride Market Outlook, By Standard Grade (2019-2028) ($MN)
59 Asia Pacific Sulfur Hexafluoride Market Outlook, By Ultra High Purity (UHP) Grade (2019-2028) ($MN)
60 Asia Pacific Sulfur Hexafluoride Market Outlook, By Packaging (2019-2028) ($MN) 
61 Asia Pacific Sulfur Hexafluoride Market Outlook, By Cylinders (2019-2028) ($MN) 
62 Asia Pacific Sulfur Hexafluoride Market Outlook, By Drum Tanks (2019-2028) ($MN) 
63 Asia Pacific Sulfur Hexafluoride Market Outlook, By Application (2019-2028) ($MN) 
64 Asia Pacific Sulfur Hexafluoride Market Outlook, By Electrical Transmission and Distribution (2019-2028) ($MN)
65 Asia Pacific Sulfur Hexafluoride Market Outlook, By Semiconductor Manufacturing (2019-2028) ($MN)
66 Asia Pacific Sulfur Hexafluoride Market Outlook, By End User (2019-2028) ($MN)  
67 Asia Pacific Sulfur Hexafluoride Market Outlook, By Electronics (2019-2028) ($MN) 
68 Asia Pacific Sulfur Hexafluoride Market Outlook, By Glass (2019-2028) ($MN) 
69 Asia Pacific Sulfur Hexafluoride Market Outlook, By Medical Technology (2019-2028) ($MN)
70 Asia Pacific Sulfur Hexafluoride Market Outlook, By Power & Energy (2019-2028) ($MN)
71 Asia Pacific Sulfur Hexafluoride Market Outlook, By Steel and Metal (2019-2028) ($MN)
72 Asia Pacific Sulfur Hexafluoride Market Outlook, By Window Insulation (2019-2028) ($MN)
73 South America Sulfur Hexafluoride Market Outlook, By Country (2019-2028) ($MN) 
74 South America Sulfur Hexafluoride Market Outlook, By Product (2019-2028) ($MN) 
75 South America Sulfur Hexafluoride Market Outlook, By Electronic/Technical Grade (2019-2028) ($MN)
76 South America Sulfur Hexafluoride Market Outlook, By Standard Grade (2019-2028) ($MN)
77 South America Sulfur Hexafluoride Market Outlook, By Ultra High Purity (UHP) Grade (2019-2028) ($MN)
78 South America Sulfur Hexafluoride Market Outlook, By Packaging (2019-2028) ($MN)
79 South America Sulfur Hexafluoride Market Outlook, By Cylinders (2019-2028) ($MN)
80 South America Sulfur Hexafluoride Market Outlook, By Drum Tanks (2019-2028) ($MN)
81 South America Sulfur Hexafluoride Market Outlook, By Application (2019-2028) ($MN)
82 South America Sulfur Hexafluoride Market Outlook, By Electrical Transmission and Distribution (2019-2028) ($MN)
83 South America Sulfur Hexafluoride Market Outlook, By Semiconductor Manufacturing (2019-2028) ($MN)
84 South America Sulfur Hexafluoride Market Outlook, By End User (2019-2028) ($MN)
85 South America Sulfur Hexafluoride Market Outlook, By Electronics (2019-2028) ($MN)
86 South America Sulfur Hexafluoride Market Outlook, By Glass (2019-2028) ($MN) 
87 South America Sulfur Hexafluoride Market Outlook, By Medical Technology (2019-2028) ($MN)
88 South America Sulfur Hexafluoride Market Outlook, By Power & Energy (2019-2028) ($MN)
89 South America Sulfur Hexafluoride Market Outlook, By Steel and Metal (2019-2028) ($MN)
90 South America Sulfur Hexafluoride Market Outlook, By Window Insulation (2019-2028) ($MN)
91 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Country (2019-2028) ($MN)
92 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Product (2019-2028) ($MN)
93 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Electronic/Technical Grade (2019-2028) ($MN)
94 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Standard Grade (2019-2028) ($MN)
95 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Ultra High Purity (UHP) Grade (2019-2028) ($MN)
96 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Packaging (2019-2028) ($MN)
97 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Cylinders (2019-2028) ($MN)
98 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Drum Tanks (2019-2028) ($MN)
99 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Application (2019-2028) ($MN)
100 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Electrical Transmission and Distribution (2019-2028) ($MN)
101 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Semiconductor Manufacturing (2019-2028) ($MN)
102 Middle East & Africa Sulfur Hexafluoride Market Outlook, By End User (2019-2028) ($MN)
103 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Electronics (2019-2028) ($MN)
104 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Glass (2019-2028) ($MN)
105 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Medical Technology (2019-2028) ($MN)
106 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Power & Energy (2019-2028) ($MN)
107 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Steel and Metal (2019-2028) ($MN)
108 Middle East & Africa Sulfur Hexafluoride Market Outlook, By Window Insulation (2019-2028) ($MN)

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