The Sulfur Hexafluoride market is expected to reach around US$ 111.19 million by 2030, growing at a CAGR of 21.0% during the forecast period 2023 to 2030.

Contrive Datum Insights Pvt Ltd

According to a market study published by Contrive Datum Insights, in 2021, about half of the sulfur hexafluoride market was in Asia Pacific.

FARMINGTON, Jan. 26, 2023 (GLOBE NEWSWIRE) — The global one Sulfur Hexafluoride Market It was valued at US$ 259.6 million in 2022, and is expected to reach a value of US$ 418.7 million by 2030, at a CAGR of 5.5% from 2022 to 2030.. The market is expected to grow a lot in the next seven years because more and more electrical and electronic devices need it as a dielectric medium. Sulfur hexafluoride is used extensively in surgery to protect the patient from injury. It is used in echocardiograms to find where and what the problem is. The electrical and energy industry needs more high voltage transformers, switchgear and circuit breakers. This is another reason why the market is growing.

Request a sample copy of the reportSulfur Hexafluoride Market – Global Industry Analysis, Size, Share, Growth Opportunities, Future Trends, Impact of Covid-19, SWOT Analysis, Competition and Forecasts 2022 to 2030”, published by Contrive Datum Insights.

Recent developments:

  • In June 2021 India’s Department of Atomic Energy (DAE) has invited tenders for the supply of Sulfur Hexafluoride. India is likely to need more SF6 gas as the switchgear industry is growing rapidly. Since India does not produce SF6, it has to be imported. BARC has developed process know-how to produce SF6 gas in a semi-pilot plant. This includes the production of fluorine, which is an important basic ingredient.

  • In January 2021 Kanto Denka Kogyo has started construction of its first gas production center in Xuancheng, Anhui Province, China, in the Anhui Xuancheng High-Tech Industrial Development Zone. About 5% of the money to build the new factory came from Hangzhou Hengyuan Engineering Management. This money was used to start a new business called Xuancheng KDK Technology. At the end of 2021, the first stage of construction was completed. The Xuancheng People’s Government wants to build a headquarters, a stuff storage place, and two stuff production places. It also plans to produce 7,700 tons of fluorinated gases each year.

Segment overview

Product Insights

In 2019, standard grade sulfur hexafluoride brought in 85.2% of all revenue. This was because it was the most popular product in the world. The increasing need for standard product grade for manufacturing high voltage circuit breakers which are used for power and energy generation is likely to help the market to grow.

With sulfur hexafluoride for electronics, people can make integrated circuits, semiconductors, and particle accelerators. It is also used as a chamber cleaning gas in semiconductor manufacturing. The need for electron-grade sulfur hexafluoride is due to the fact that SF6 gas produces the right amount of F radicals to remove Si-based layers from the walls of plasma chambers.

Application Insights

In 2018, the largest market for sulfur hexafluoride was power and energy, and this is likely to remain true for the next few years. High voltage circuit breakers, switchgear and gas-insulated switchgear are made with sulfur hexafluoride (GIS). They are used in power plants, which are the main places where the product is sold in the power and energy industry.

In particle and electron accelerators, which are used to improve the properties of polymeric materials, SF6 is used to insulate high voltage generators. In addition, sulfur hexafluoride is used to make circuit breakers, which are used in power plants to stop the flow of electric current when a protective relay is tripped.

Regional perspective:

In 2021, Asia Pacific accounted for about half of the sulfur hexafluoride market. In Asia Pacific, the most valuable part of the market in 2021 was the technical grade segment. In Asia Pacific, the electrical T&D applications segment is expected to grow at around 6.5% during the forecast timeframe.

During the forecast period, the sulfur hexafluoride market in North America and Europe is expected to grow at a CAGR of nearly 6%. In the near future, North America is likely to have a large market share, while Europe’s market is likely to grow a lot because the automotive industry there is using more and more semiconductors in electric cars.

Buy this premium research [email protected]
https://www.contrivedatuminsights.com/buy/248399/?Mode=PM

Scope of the report:

Report Attributes

Details

Growth rate

CAGR of 5.5% from 2023 to 2030

Revenue Forecast to 2030

418.7 million US dollars

By product

Electronic Grade, UHP Grade, Standard Grade, Others

Through an app

Power & Energy, Medical, Metal Fabrication, Electronics, Other

By companies

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, Shandong Ruihua

Regions and countries covered

  • North America: (USA, Canada, Mexico, Rest of North America)

  • Europe (Germany, France, Italy, Spain, United Kingdom, Nordic countries, Benelux Union, Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)

  • Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)

  • Latin America (Brazil, Argentina, Rest of Latin America)

  • The rest of the world

Base year

2022

Historic year

2017 to 2022

Estimated year

2023 to 2030

Drivers:

One of the drinks that people around the world drink the most is sulfur hexafluoride. The market for sulfur hexafluoride is large in North America. Nearly 71% of people in the US use sulfur hexafluoride every day. In Europe, the sulfur hexafluoride market is growing as single-use methods and specialty methods with sulfur hexafluoride become more popular. The number of bags of sulfur hexafluoride exported worldwide increased from 10.83 million in February 2019 to 11.11 million in February 2020, according to the International Sulfur Hexafluoride Organization (ICO). In one year, that’s a gain of 2.6%. Europe was where people bought the most, according to the latest figures from the International Sulfur Hexafluoride Organization (ICO). Asia Pacific and North America are two other important places where sulfur hexafluoride is used the most.

Option:

Sulfur hexafluoride is likely to be used for more and more things. As the product is used more in the electronics industry, it will create many opportunities for growth. In electronics, sulfur hexafluoride is used to produce dielectric media that are used in switchgear, circuit breakers, and capacitors. In the coming years, this product will be used in more and more electronic items. The market will have many chances for rapid growth.

Key segments covered:

Top players in the market:
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 and Institute, Shandong Ruihua.

By product

  • Electronic class

  • UHP class

  • Standard class

  • others

Through an app

  • Power and energy

  • medical

  • Production of metals

  • electronics

  • others

Regions and countries covered

  • North America: (USA, Canada, Mexico, Rest of North America)

  • Europe: (Germany, France, Italy, Spain, United Kingdom, Nordic countries, Benelux Union, Rest of Europe)

  • Asia Pacific: (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)

  • Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)

  • Latin America: (Brazil, Argentina, Rest of Latin America)

  • The rest of the world

Check out more related studies published by Contrive Datum Insights:

  • Sodium Hexametaphosphate (SHMP) Market. – The global sodium hexametaphosphate market is expected to surpass 1,501.17 million in the US by the end of 2028 in terms of revenue, exhibiting a CAGR of 4.0% during the forecast period (2022 to 2030). Asia Pacific is expected to account for a significant share of the global sodium hexametaphosphate market in terms of revenue during the forecast period.

  • 2-Ethylhexanol Market – The global 2-ethylhexanol market size was valued at USD 5.89 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 2.9% from 2022 to 2030. Asia Pacific is the leading regional market in 2021 with a revenue share of 57.5%.

  • Carbonated Soft Drinks Market (CSDS). – The global carbonated soft drinks (CSD) market was valued at USD 406.90 billion in 2021 and is projected to grow at a CAGR of 5% from 2022 to 2030. Latin America region held the lead in global carbonated soft drinks (CSD) market in 2020

Customize the report: The report can be customized according to the client’s needs or requirements. For any questions you can contact us at [email protected] or +1 215-297-4078. Our sales managers will be happy to understand your needs and provide you with the most suitable reports.

About us:
Contrive Datum Insights (CDI) is a global partner for providing market intelligence and advisory services to employees in various sectors such as investment, information technology, telecommunications, consumer technology and manufacturing markets. CDI helps investment communities, business executives, and IT professionals make statistically-based, accurate technology purchase decisions and develop strong growth tactics to maintain market competitiveness. Consisting of a team size of more than 100 analysts and a cumulative market experience of more than 200 years, Contrive Datum Insights ensures the delivery of industry knowledge combined with global and national expertise.

Social: Facebook / LinkedIn / Twitter

Contact us:
Anna B. | Sales manager
Contrive Data Insights
Phone: +
91 9834816757 | +1 2152974078
Email:
[email protected]

website:
https://www.contrivedatuminsights.com
Contrive Datum Insights Press Releases
Latest Contrive Datum Insights Latest Reports

Leave a Comment

Your email address will not be published. Required fields are marked *