Global Sulfur Hexafluoride (SF6) Market, By Product (Electronic Grade, UHP Grade, Standard Grade), Application (Power and Energy, Medical, Metal Manufacturing, Electronics, Other), Type (Technical Grade SF6, Electronic Grade, High-Purity SF6) – Industry Trends and Forecast to 2029.
Sulfur Hexafluoride (SF6) Market Analysis and Size
Major market players in the market of sulfur hexafluoride (SF6) are focusing on its safe distribution and transmission in electric power systems. In the electric power sector, sulfur hexafluoride is widely used in gas-insulated substations, circuit breakers and other gas-insulated switchgear that are utilized in transmission systems to manage high voltage carried between customer load centers and generating stations. Sulfur hexafluoride (SF6) is one of the global warming gases. Thus, manufacturers need to increase their R&D activities to improve equipment reliability and reduce emissions.
Data Bridge Market Research analyses that the sulfur hexafluoride (SF6) market is expected to reach USD 458.33 million by 2030, which is USD 276.52 million in 2022, registering a CAGR of 6.52% during the forecast period of 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Sulfur Hexafluoride (SF6) Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 - 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Electronic Grade, UHP Grade, Standard Grade), Application (Power and Energy, Medical, Metal Manufacturing, Electronics, Other), Type (Technical Grade SF6, Electronic Grade, High-Purity SF6)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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BASF SE (Germany), Dow (U.S.), Clariant AG (Switzerland), Dow (U.S.), Honeywell International Inc. (U.S.), Osaka Gas Co., Ltd. (Japan), Cabot Corporation (U.S.), Kuraray Co. Ltd. (Japan), W. R. Grace & Co. (U.S.), Hengye, Inc (U.S.), Axens (France), Arkema (France), Zeolyst (U.S.)
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Market Opportunities
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Market Definition
Sulfur hexafluoride is defined as a distinct agent that is an odourless, colourless, non- toxic and non- flammable nature. This compound will act as an outstanding electrical insulator and they are generally soluble in nonpolar organic solvents but are insoluble in water. They commonly have high density as compared to air. They are widely used in applications such as tracer compound, metal manufacturing, medical, dielectric medium, and others.
Glbal Sulfur Hexafluoride (SF6) Market Dynamics
Drivers
- Surging demand of sulfur hexafluoride (SF6) in healthcare sector
Sulfur hexafluoride (SF6) is widely used in echocardiograms and non-invasive operations to diagnose and examine disease's actual place and cause. The healthcare industry is growing as a result of spread of chronic illness and the changing lifestyle in industrialized countries. Government expenditure on healthcare, higher-income, and expanding population are some of the major factors driving the growth of the healthcare industry in developing nations, thus growing the demand for the sulfur hexafluoride in the global market.
- High demand for sulfur hexafluoride as insulator in power distribution and transmission network
Power distribution and transmission networks rely heavily on substations and switchgears and. Switchgear is a group of devices that controls, protects, monitors, regulates and isolates electrical equipment throughout the grid, including circuit breakers, switches, fuses and relays. Sulfur hexafluoride (SF6) gas is nonflammable, chemically stable and electronegative, with a dielectric value of 2.5 times that of air. As a result, it is extensively employed as electrical insulation, arc quenching, and cooling medium in electrical switchgears, transformers, and substations. If any dissipation of heat takes place in electrical power systems for instance switchgears owing to electric arc discharge then sulfur hexafluoride can absorb electron energy and reduce the arc temperature by capturing free electrons because of its heat transfer and high electronegativity properties. The combination of free electrons and SF6 gas produces large and heavy ions with low mobility rates, therefore efficiently preventing electron flashovers and avalanches.
Opportunities
- Rise in demand for sulfur hexafluoride for semiconductor production in electronics industry
Sulfur hexafluoride (SE6) is a significant gas in the semiconductor sector. Semiconductors are important components of electronic devices, which are allowing advances in military systems, transportation, clean energy, communications, computing, healthcare and other applications. Sulfur hexafluoride (SF6) is used for plasma etching of tungsten polysilicon and silicide. Sulfur hexafluoride (SF6) is normally used as an etching aid gas in fabrication of sub micrometer features of current integrated circuits because it has higher content of fluorine than CF4, but does not undergo polymerization. In the radio-frequency (RF) discharge process, plasma has become the well-known technology which is used in the semiconductor industry. SF6 acts as an etching/ etching aid gas In the presence of an RF discharge which can be decomposed into lower sulfur fluorides. Therefore, rise in production of semiconductors for electronics and automotive industries; and rise in usage of sulfur hexafluoride in power transmission and distribution and systems are likely to create immense opportunities for the growth of the market during the forecast period.
Restraints/ Challenges
- Volatility in raw material prices
High handling and maintenance costs and rising awareness regarding harmful effects of sulfur hexafluoride on the environment are some of the major factors that will hamper the market growth rate. Furthermore, rise in the strict government guidelines associated with the usage of sulfur hexafluoride is one of the major factor among others which is acting as major market restraints, and will further challenge the growth of the market during the forecast period of 2023-2030.
This sulfur hexafluoride (SF6) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the sulfur hexafluoride (SF6) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In 2021, nuventura GmbH is a German research center creating next-generation Gasoline Insulated Switchgear (GIS) technology and DUAL-ADE inc., a Canadian manufacturer of custom-designed switches, have announced a collaboration agreement. This collaboration allows DUAL-ADE to provide a novel SF6-free medium voltage GIS, branded GasuoTM, to aid North American conveniences accomplish their energy transition goals more consistently.
- In 2021, KNW announced the completion of its acquisition with Solvay Korea. Through this acquisition, KNW has secured companies in sulfur hexafluoride (SF6) and fluorine (F2). Solvay's Korean branch mainly supplies the chemicals to international foundry businesses.
Global Sulfur Hexafluoride (SF6) Market Scope
The sulfur hexafluoride (SF6) market is segmented on the basis of product, application and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Electronic Grade
- UHP Grade
- Standard Grade
Application
- Power and Energy
- Medical
- Metal Manufacturing
- Electronics
- Other
Type
- Technical Grade SF6
- Electronic Grade
- High-Purity SF6
Sulfur Hexafluoride (SF6) Market Regional Analysis/Insights
The sulfur hexafluoride (SF6) market is analyzed and market size insights and trends are provided by country, product, application and type as referenced above.
The countries covered in the sulfur hexafluoride (SF6) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-pacific is expected to dominate the sulfur hexafluoride (SF6) in terms of revenue growth and market share owing to increase in the demand of the product for electrical & electronic appliances as dielectric medium. Moreover, rise in the application of SF6 in flat panel product and MEMS as an etching gas will further boost the market growth in this region.
Asia-Pacific is anticipated to be the fastest growing region in sulfur hexafluoride (SF6) market during the forecast period of 2023-2030 owing to the rise in demand for semiconductors in electric cars in the automotive sector in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Sulfur Hexafluoride (SF6) Market Share Analysis
The sulfur hexafluoride (SF6) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sulfur hexafluoride (SF6) market.
Some of the major players operating in the sulfur hexafluoride (SF6) market are:
- BASF SE (Germany)
- Dow (U.S.)
- Clariant AG (Switzerland)
- Dow (U.S.)
- Honeywell International Inc. (U.S.)
- Osaka Gas Co., Ltd. (Japan)
- Cabot Corporation (U.S.)
- Kuraray Co. Ltd. (Japan)
- W. R. Grace & Co. (U.S.)
- Hengye, Inc (U.S.)
- Axens (France)
- Arkema (France)
- Zeolyst (U.S.)
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