Sulfur Hexafluoride Market

Sulfur Hexafluoride Market Forecast Revised in a New Future Market Insights Report as COVID-19 Projected to Hold a Massive Impact on Sales 2019-2029 August 2020

Report Id : REP-GB-11177 Published on : 25-Mar-2020 www.futuremarketinsights.com I

Category : Chemicals and Materials

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Research Methodology (1/2) Systematic Research Approach 1 Market profiling

2 Formulating discussion guide

3 Developing list of respondents

4 Data collection

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Data validation

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Data analysis

Insights

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In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.

FMI formulates a detailed discussion guide to conduct expert and industry interviews FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts FMI conducts interviews with industry experts, industry players, distributors and retailers Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry FMI delivers industry insights and information in the required format (PDF)

Data Collection

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Research & Intelligence

Data Filter & Analysis

Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain

Actionable Insights

A Primary Research

SOLUTION 

Market participants

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Key strengths

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Product portfolio

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Mapping as per value chain

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Key focus segments

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Key industry experts

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Channel study

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Developments

Desk Research

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Market dynamics

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Conclusions

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Primary Research #    

Business Solution

Linkedin Zoominfo Salesforce Avention

Secondary Research #  

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Company websites Company annual reports White papers Financial reports

Paid Publications#    

Factiva GBI Genios Meltwater

# includes sources of databases

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Sulfur Hexafluoride Market Analysis Sulfur Hexafluoride Market Pegged at 5.8% CAGR, Electronics Industry Accounts for Inordinate Consumption Growth of sulfur hexafluoride market is propelled by heightened demand from electronics industry. Role of sulfur hexafluoride as a dialectic medium in manufacturing electronic appliances is strengthening its demand. The sulfur hexafluoride market is projected to expand at the rate of approximately 5.8% CAGR over the forecast period (2019-2029).

Moreover, the medical applications of sulfur hexafluoride are gaining traction in recent years.

For instance, sulfur hexafluoride is extensively being used for non-invasive surgeries to examine the cause and location of the ailment. Hence, medical applications are significant contributors to the growth of sulfur hexafluoride market.

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Sulfur Hexafluoride Market Analysis Electronic Grade Sulfur Hexafluoride to Witness Profuse Demand through 2029 On account of its extensive usage in high-voltage circuit breakers, electronic grade sulfur hexafluoride constitutes the majority revenue share. Growing demand for power & energy generation is complementing the growth of electronic grade sulfur hexafluoride market.

Moreover, role of sulfur hexafluoride in manufacturing integrated circuits is projected to favour market growth.

The semiconductor industry in particular is boosting the demand for electronic grade sulfur hexafluoride where it is utilized as a chamber cleaning gas. Further, growing consumption of sulfur hexafluoride in particle accelerators is supplementing the market growth. Electronic grade sulfur hexafluoride is essential for clearing plasma chamber walls off silicon-based layers.

Sulfur Hexafluoride Demand Bolstered by Power & Energy Application In terms of application, power & energy holds the leading market share.

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Sulfur Hexafluoride Market Analysis Use of sulfur hexafluoride in this segment is projected to witness an upward trend through the forecast period. Emerging Asian economies in particular have greater need for energy consumption which is strengthening the regional demand for sulfur hexafluoride.

Manufacturers continue to prefer sulfur hexafluoride for producing Gas Insulated Switchgear (GIS), switchgear, and high-voltage circuit breakers to meet the soaring demand in this sector.

These components are utilized in power & energy generation plants. Hence SF6 is majorly driven by power & energy generation industry and is projected to continue the trend through 2029.

Asia Pacific Continues to Ratchet up Demand for Sulfur Hexafluoride

Flourishing manufacturing sector in emerging economies is to be attributed for robust growth of Asia Pacific sulfur hexafluoride market. The regional market is witnessing relatively less fluctuation in prices of sulfur hexafluoride. Local manufacturers thus continue to strive towards matching the huge demand for sulfur hexafluoride in the region.

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Sulfur Hexafluoride Market Analysis Stricter regulatory norms in developed regions such as Europe have restricted the supply and production of sulfur hexafluoride. Hence, regional manufacturers have lowered the production volume thereby slowing the market growth. Further, the existing market players in developed regions have significantly increased the price.

Market Leaders Uptake Multifaceted Strategies for Strong Global Position Some of the market players featured in this report are Advanced Specialty Gases, • Air Liquide,

• Electronic Fluorocarbons, LLC, • Axcel Gases, • American Gas Products,

• Solvay S.A., Praxair Technology, Inc.,

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Sulfur Hexafluoride Market Analysis •Honeywell International, Fujian ShaowuYongfei Chemical Co. Ltd., • Air Products and Chemicals, Inc., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.

Major manufacturers continue to opt for multipronged strategies for unassailable competitive edge. Some of the key developmental strategies being adopted by industry leaders include collaborations, joint ventures, product development, and partnerships. This trend is projected to continue through 2029.

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