[Research Report] The sulfur hexafluoride market was valued at US$ 221.69 million in 2018 and is projected to reach US$ 354.04 million by 2027; it is expected to grow at a CAGR of 5.4% from 2019 to 2027.
Sulfur hexafluoride is non-toxic, inert, and potent greenhouse gas that possesses superior electrical insulation characteristics. This colorless and odorless gas is five-times heavier than air and exhibits a high dielectric strength and thermal stability. Sulfur hexafluoridehas high demand in power, energy, electronic, medical, aerospace, and meteorology industries, among others. Owing to its chemical inertness, and nontoxic, noncombustible, and noncorrosive nature, sulfur hexafluoride is largely used as an insulating and arc interruption agent in the power transmission and distribution industries as well as an etching agent in the electronics & semiconductors sector.
The global sulfur hexafluoride market in North America is expected to grow at the highest CAGR of 6.2%during 2019-2027. The abundant availability of raw materials, coupled with risein the commercial farming activities, is expected to boost the growth of the market.
The recent COVID-19 outbreak, whichbegan in Wuhan (China) in December 2019, has spread around the globe at a fast pace. As of June 2020, the US, Russia, India, China, Italy, France, and Germany are amongthe worst-affected countries in terms of positive cases and reported deaths. According to the WHO figures updated in June 2020, ~7,482,952 confirmed cases and ~419,497 deaths have been reported globally. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns imposed by governments. Chemicals and materials is one the world’s major industries suffering serious disruptions in the form of supply chain breaks, technology events cancellations, and office shutdowns as a result of this outbreak. China is the global manufacturing hub and is the largest raw material supplier for various industries in the world; it is also one of the worst-hit countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is adversely affecting the global supply chains, and manufacturing and sales of various chemical and materials. The overall market collapse due to this outbreak is also restraining the sulfur hexafluoride market growth due to shutdown of factories, obstacle in supply chains, and down turn in world economy.
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Sulfur hexafluoride Market: Strategic Insights
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Sulfur hexafluoride Market: Strategic Insights
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Market Insights
High Use of Sulfur Hexafluoride in Electronics Industry Favors Global Market Growth
Sulfur hexafluoride is inert, nontoxic, noncombustible, and noncorrosive gas, and these excellent properties make it suitable for various electrical applications. The thermal stability and high dielectric strength of sulfur hexafluoride provide it outstanding cooling and insulating properties. Its use in the form of a dielectric medium in capacitors, switchgears, circuit breakers, and other electric appliances is a key factor driving the growth of the sulfur hexafluoride market. The gas can be used in many appliances having an operating range of 33–800 KV. Such appliances are utilized in the power and energy generation plants, which further propels the demand for sulfur hexafluoride in the energy and power industries. The use of sulfur hexafluoride as an alternative to other conventional dielectric media enables space-saving, and ensures low weight and operational safety of equipment. The gas can transfer heat effectively due to high molar heat capacity and low viscosity. Besides this, it can retain its gas form at low temperatures, which further adds to its demand in the electrical segment.
Grade Insights
The sulfur hexafluoride market, based on grade, is segmented into electronic grade, UHP grade, and standard grade.The standard grade segment accounted for the largest share of the global market in 2018, whereas the market for electronic-gradesulfur hexafluoride is expected to grow at the highest CAGR during the forecast period. The electronic-grade gas is highly pure and is considered to be suitable electronic etchant that is increasingly being deployed in the field of microelectronics. Electronic-grade sulfur hexafluorideis used in the production of particle accelerators, semiconductors, and integrated circuits. The gas creates optimal quantity of F radicals to eliminate Si-based layers from plasma chamber walls. Moreover, fluorinated gasses, such as sulfur hexafluoride, are known for their better insulation and arc extinguishing performance. In semiconductors industry, the electronic-grade sulfur hexafluoride is being widely used in the manufacturing of devices, integrated circuits (ICs), flat panels, photovoltaic panels, and microelectromechanical systems (MEMS). High density and large molecular size make it a suitable alternative to be used as etching gas in flat panel and MEMS production processes.
End-User Insights
The sulfur hexafluoride market, based on end-users, is segmented into power and energy, electronics, metal manufacturing, medical, and others. The power and energy segment accounted for the largest share of the market in 2018, where as the electronics segment is expected to register the highest CAGR during the forecast period. Sulfur hexafluorideis mainly used as an insulating medium in a diverse range of high-voltage electrical and electronic equipment, including circuit breakers, switch gears, and particles accelerators. The gas is also being used extensively to insulate electrical installations such as wind turbines. Its superior arc-quenching and insulating characteristics allow the production of different types of high-voltage circuit breakers and switching stations with compact designs, better features, reduced noiselevels, etc. The conventional gas-insulated transmission lines are packed with sulfur hexafluoride gas to offer insulation during high-voltage power transmissions. The focus has now shifted to gas-insulated, high-voltage cables as well as tubular transmission lines for distribution high-power in heavily concentrated industrial areas.
Sulfur Hexafluoride Sulfur hexafluoride Market Regional Insights
The regional trends and factors influencing the Sulfur hexafluoride Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Sulfur hexafluoride Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
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Sulfur hexafluoride Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 221.69 Million |
| Market Size by 2027 | US$ 354.04 Million |
| Global CAGR (2018 - 2027) | 5.4% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Grade
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
Sulfur hexafluoride Market Players Density: Understanding Its Impact on Business Dynamics
The Sulfur hexafluoride Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Sulfur hexafluoride Market are:
- Fujian ShaowuYongfei Chemical Co.,Ltd.
- SHOWADENKO K.K.
- Chemix Gases
- Solvay S.A.
- Kanto Denka Kogyo Co., Ltd
Disclaimer: The companies listed above are not ranked in any particular order.
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Report Spotlights
- Progressive industry trends in the global sulfur hexafluoride market that help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the sulfur hexafluoride market from 2017 to 2027
- Estimation of global sulfur hexafluoridede market and across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
- Recent developments to underst and the competitive market scenario and global sulfur hexafluoride demand
- Market trends and outlook, and factors driving and restraining the growth of the market
- Understanding of strategies that underpin commercial interest with regard to global sulfur hexafluoride market growth, which facilitates effective decision-making process
- Sulfur hexafluoride market size at various nodes of market
- Detailed overview and segmentation of the market, as well as dynamics in the industry
- Global sulfur hexafluoride market size in various regions with promising growth opportunities in the these regions
Sulfur hexafluoride Market, by Grade
- Electronic Grade
- UHP Grade
- Standard Grade
Sulfur hexafluoride Market, by End-Users
- Power and Energy
- Electronics
- Metal Manufacturing
- Medical
- Others
Company Profiles
- Fujian ShaowuYongfei Chemical Co., Ltd.
- SHOWA DENKO K.K.
- Chemix Gases
- Solvay S.A.
- Kanto Denka Kogyo Co., Ltd
- Air Liquide
- Concorde Specialty Gases Inc.
- Iwatani Corporation
- Linde plc
- Matheson Tri-Gas, Inc
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Grade , End Users , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The major players operating in the global sulfur hexafluoride market are Companies such as 3M, Brady Corporation, Oil-Dri Corporation of America, Cellcomb, Gelok international, Novipax LLC.
During the forecast period, Asia Pacific is anticipated to account for the largest share in the global sulfur hexafluoride market, followed by Europe. Enhanced electrical conductivity and high thermal stability have increased its application which has great usage in semiconductor applications. It is widely utilized in electronic devices to manufacture various components. Electrical appliances contain semiconductor devices such as photovoltaic panels, IC (integrated circuits), flat panels, and MEMS (Micro-Electro-Mechanical-Systems) that are prepared using sulfur hexafluoride. The flourishing electronics industry across regions like India, Japan, China, and South Korea, are propelling the market growth of sulfur hexafluoride.
Based on end-users, the plastic sulfur hexafluoride segment is anticipated to account for the largest share in the global sulfur hexafluoride market. The power & energy sector is considered to be one of the largest consumers of sulfur hexafluoride in several application bases. SF6 is mainly used as an insulating medium for a diversified range of high voltage electrical and electronic equipment including circuit breakers, switch gears and particles accelerators. The gas is extensively used to insulate electrical installations such as wind turbines.
The Standard grade segment led the market for sulfur hexafluoride in 2020. Sulfur Hexafluoride (SF6) is perceived to be non-toxic, inert, insulating and cooling gas which exhibits high dielectric strength and thermal stability. The production of better equipment with higher capacity and superior performance is possible by deploying the standard grade SF6 which is known to possess excellent electrical, thermal and chemical properties. It is, therefore, considered ideal to be used in both high-voltage and medium-high voltage power circuit breakers as well as in transformers, transducers, high-voltage cables, particle and electron accelerators, X-ray equipment and UHF transmission systems.
Growing adoption of sulfur hexafluoride from in electronics industry is expected to drive the market in coming years. Sulfur hexafluoride possesses excellent properties that make it compatible with electrical appliances. The thermal stability and high dielectric strength of sulfur hexafluoride proffer outstanding cooling and insulating properties. The application of sulfur hexafluoride in the form of a dielectric medium in capacitors, switchgear, circuit breakers, and other electric appliances is a factor driving the growth of sulfur hexafluoride market. Many appliances having an operating range of 33 KV to 800 KV can be made with the help of sulfur hexafluoride. These appliances are utilized in the power and energy generation plants, which further propels the demand for sulfur hexafluoride in the energy and power industries.
The electronic grade emerged as the fastest growing segment in the global market. Electronic grade SF6 helps in the production of particle accelerators, semiconductors, and integrated circuits. The gas creates optimal quantity of F radicals to eliminate Si-based layers from plasma chamber walls. This has stipulated the demand for electronic grade sulfur hexafluoride gas.
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