The Sulphur hexafluoride market valuation is secured at USD 288.37 Million in 2023 and is estimated to rise to USD 487.93 Million by 2033. The market is growing at a significant CAGR of 5.4% during the forecast period. Some of the factors that influence the market are
| Attributes | Details |
|---|---|
| Sulphur Hexafluoride Market Value (2023) | USD 288.37 Million |
| Sulphur Hexafluoride Market Value (2033) | USD 487.93 Million |
| Sulphur Hexafluoride Market CAGR (2023 to 2033) | 5.4% |
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The power and energy segment is anticipated to dominate the global market by capturing a higher share during the forecast period. Generating power and energy plants and using high-voltage electronic equipment are anticipated to increase the adoption of Sulphur hexafluoride during the forecast period.
In addition, renewable energy plants such as wind and gas are growing the demand for Sulphur hexafluoride to produce and supply energy to several industries. These driving factors are growing the power and energy sector.
The adoption of Sulphur hexafluoride in the healthcare sector is expected to bolster market growth during the foreseen time. Due to the growing chronic illness, examining patients and government expenditure in the healthcare industry drives market opportunities.
Telecommunication, electronic industry and consumer goods industries are expected to contribute a significant role in the global market. The rising demand for electronic equipment such as power equipment, solar semiconductors, switchgear and panels is driving the market opportunities. Moreover, several market players are adopting new technologies and ideas which is expected to drive the market size in the coming years.
Sulphur hexafluoride is a colourless and odourless gas. Its chemical formula is SF6. In the Sulphur hexafluoride structure, one sulphur atom is surrounded by six fluorine atoms. This inorganic gas is non-toxic, non-flammable and soluble in water. Its CAS No. is 2551-62-4.
Sulphur hexafluoride gas is manufactured by the reaction of fluorine with sulphur through electrolysis. Sulphur hexafluoride has excellent thermal, electrical, and chemical properties which make it suitable for various applications. It is used in industries such as power, medicine, electronics, glass, metal, etc.
Sulphur hexafluoride has excellent properties which are compatible with electrical applications. The thermal stability and high dielectric strength of Sulphur hexafluoride provide outstanding cooling and insulating properties. Being an ideal quench, it is used in switchgear and electric circuit breakers.
Sulphur hexafluoride is compatible with high-voltage and medium-high-voltage power circuit breakers, electricity substations, transformers, high-voltage cables, linear accelerators, electron microscopes, and so on. The use of Sulphur hexafluoride over traditional dielectrics provides certain advantages such as space-saving, low weight, and operational safety of the equipment.
In the electronics industry, Sulphur hexafluoride is used as an etching gas in the manufacturing of photovoltaic panels, flat panels, and semiconductor devices. The large molecule size and high density of Sulphur hexafluoride make it a preferred etching gas in various electronic production processes.
One of the niche applications of Sulphur hexafluoride is plasma processing, where it acts as an etching agent. It is also used in the production of silicon devices. Sulphur hexafluoride has also applications in medical technology. It is used in various therapeutic segments such as Pneumonectomy, Ophthalmology, etc. As a contrast agent, it’s used in eye surgery. Sulphur hexafluoride is also used in the treatment of loss of hearing.
It is used in foundry and metal casting applications of Aluminium and Magnesium. In magnesium casting, it prevents the formation of unwanted by-products, whereas it is used as a degassing agent in aluminium casting. Some other applications of Sulphur hexafluoride are in loudspeakers, leak detection, and lasers. The global market for Sulphur hexafluoride is anticipated to grow at a significant CAGR over the forecast period 2016 to 2016.
Principal Consultant
The Healthcare sector is one of the fastest-growing industries in the world. This industry is growing because of an ageing population, and the proliferation of chronic and lifestyle diseases in developed countries. In developing nations, rising population, higher income, and governments spending on healthcare are the key growth drivers for this industry, which in turn drives the demand for the Sulphur hexafluoride market.
The electrical and electronics industry is flourishing globally. There is significant growth observed during the past few decades in the telecommunications, consumer goods, and computers industry.
Rising demand for electrical and electronic products such as semiconductors, photovoltaic panels, power equipment, and switchgear is likely to grow over the forecast period, which in turn fuels the demand for the Sulphur hexafluoride market. The growth of the Sulphur hexafluoride market is also propelled by the development of power infrastructure by the governments in developing countries.
Sulphur hexafluoride has an adverse impact on the atmosphere, as it can cause global warming. Though its inertness makes it slower to harm the environment, this is one of the major restraints of the Sulphur hexafluoride market. However, the overall picture for the Sulphur hexafluoride market has flourished and grown significantly over the forecast period of 2016 to 2026.
Examples of some of the market participants in the global Sulphur hexafluoride market identified across the value chain include the Sulphur hexafluoride market are Solvay, Praxair, Honeywell, Linde Group, Kanto Denka Kogyo, Matheson, Airgas, Chengdu Kemeite, Qinghai Xinhe, Showa Denko, Concorde Specialty Gases, Fujian Shaowu Yongfei, Advanced Specialty Gases, Liming Research Institute, Yingde Gases, Huaneng Fluorine, and Shandong Ruihua Fluoride are among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industries.
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The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain.
The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
On the basis of the end-use industry, the global Sulphur hexafluoride market can be segmented as:
The market is valued at USD 288.37 million in 2023.
The United States held around 14.9% of the global market.
The market is expected to be worth USD 487.93 million by 2033.
The growth potential of the market is 5.4% through 2033.
The power and energy segment end-use sector is experiencing high demand for Sulphur Hexafluoride.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Grade 5.1. Electronic Grade 5.2. UHP Grade 5.3. Standard Grade 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Power & Energy 6.2. Pharmaceutical 6.3. Metal Manufacturing 6.4. Semiconductor Manufacturing 6.5. Others 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. Middle East & Africa (MEA) 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Key Countries Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. Solvay 15.2. AGC Chemicals 15.3. Kanto Denka Kogyo Co.Ltd. 15.4. Showa Denko K.K. 15.5. The Linde Group 15.6. Air Products and Chemicals, Inc. 15.7. Air Liquide 15.8. Matheson Tri-Gas, Inc. 15.9. Honeywell International 15.10. Advanced Specialty Gases 16. Assumptions & Acronyms Used 17. Research Methodology
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Sulphur Hexafluoride Market
