The Global Sulfur Hexafluoride Market research report interprets definition, an investigation of significant progress in the industry. It provides overall industry survey, product description, wide array of applications, top players, and development forecast. It enhances understanding about that market along with new business trends.
The Sulfur Hexafluoride Market report discusses the primary industry
growth drivers and challenges that the vendors and the market as a whole face
and provides an overview of the key trends emerging in the market. It also
talks about the market size of different segments and their growth aspects
along with key leading countries in Americas, Asia-Pacific, Europe, the Middle
East, and Africa regions.
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Global Sulfur Hexafluoride Market is expected to rich USD
309.9 million by 2025 as the scope, product types and its applications are
increasing across the globe. Sulfur hexafluoride (SF6) is a colorless,
inorganic, non-flammable, inorganic, particularly potent greenhouse gas, and an
exceptional electrical insulator. Sulfur Hexafluoride (SF6) has an octahedral
geometry, including six fluorine particles involved in a central sulfur atom.
It is generally transported as a liquefied compressed gas.
In the electrical industry, the huge demand for gas as a
dielectric medium is anticipated to propel the development of market. The
rising usage of the product in energy and power manufacturing for the industry
of high voltage transformers, switchgears and circuit breakers, is anticipated
to drive the demand in the forecast period.
The Sulfur Hexafluoride is mainly used in high-voltage
circuit breakers, production of insulated glazing windows, casting of
magnesium, and in non-invasive medical operations. However, the procurement
price of raw resources used in the manufacture of SF6 such as bromine,
fluorine, and cobalt (III) fluoride is very high owing to their volatile nature
and compound industrial procedures. This factor, consequently, increases the
manufacturing price of the end usage SF6.
In the manufacturing of molten aluminum and molten
magnesium, sulfur Hexafluoride is mainly used. The gas avoids quick burning and
oxidation of the melted metals when they come in direct contact with air, which
decreases the volume of molten metal leftover and helps metal manufacturers
decrease the manufacturing price.
On the other hand, the factors that propel the growth of
market include the high cost of raw material. Furthermore, sulfur Hexafluoride
has adverse effect on the human body as well as on environment. Also, the
strict regulations of government regarding the consumption of sulfur
hexafluoride will restrain the market growth in the forecast period. Such
strict rules are anticipated to pose challenges to the manufacturing companies.
Sulfur Hexafluoride (SF6) Market may be explored by
product, applications, and geography. Sulfur Hexafluoride may be explored by
product as Electronic Grade, UHP Grade, Standard Grade. UHP grade sulfur
hexafluoride is anticipated to witness the highest CAGR of 7.4% during the
upcoming period. The usage of UHP grade gas in ultrasound imaging helps spot
blood vessels, thereby supporting the doctors to regulate the affected part
under circumstances such as uterine fibroids, adenomyosis, and tumors. In 2016,
the high-grade sulfur hexafluoride held the highest share in the Sulfur
Hexafluoride.
Sulfur Hexafluoride may be explored by application as
Medical, Power & Energy, Metal Manufacturing, Electronics, Others. The
Sulfur Hexafluoride gas has extensively lesser electrical conductivity, therefore
has huge demand in several high voltage power applications comprising
electrical equipment and plants such as electron microscopes and linear
accelerators.
North America has been at the forefront with regards to
Sulfur Hexafluoride Market and will continue to rule the roost in the years to
come. The South and Central America is anticipated to be the highest developing
market for Sulfur Hexafluoride and expected to grow at a CAGR of 7.8 % in the
upcoming period. Owing to the infrastructural development and growing
urbanization development in the section, which is producing the demand for
electrical apparatus, and, propelling the demand for sulfur Hexafluoride.
Some of the key players that fuel the growth of the
Sulfur Hexafluoride Industry include Praxair, Honeywell, Matheson, Linde Group,
Advanced Specialty Gases, Concorde Specialty Gases, Kanto Denka Kogyo, Qinghai
Xinhe, Showa Denko, Fujian Shaowu Yongfei, Huaneng Fluorin, Solvay, Yingde
Gases, Airgas, Chengdu Kemeite, Fluoride Liming Research Institute, and
Shandong Ruihua, are among others. The key players are focusing on inorganic
growth to sustain themselves amidst fierce competition. As such, mergers,
acquisitions, and joint ventures are the need of the hour.
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