Global Sulfur Hexafluoride Market Size, Share, Trends, Industry Growth by Grade (Electronic Grade, UHP Grade, Standard Grade), by Application (Power & Energy, Medical, Metal Manufacturing, Electronics, Others), by Region, and Forecast to 2028

Price: 3795/- USD | Published Date: April 8, 2022 |

The global sulfur hexafluoride market size is expected to experience a significant CAGR of around 6% during the forecast period 2022 to 2028. The rising demand for electricity and the growing use of SF6 in circuit breakers and high voltage transformers are some of the major factors to drive the market growth. Furthermore, the increasing demand for the product in medical surgeries is further anticipated to fuel the market growth. Moreover, the increasing use of the product in medical, metal manufacturing, and electronics applications are expected to fuel the market growth over the forecast period. However, high maintenance costs, negative environmental effects, and negative effects on the human body are some major factors to restrain the market.

Market Insights:

The global sulfur hexafluoride market is bifurcated into grade, application, and geography. On the basis of grade, the market is further segmented into electronic grade, UHP grade, and standard grade. The standard grade segment dominated the global market in 2021 and is expected to maintain its dominance over the forecast period. The increasing use of the standard grade SF6 in high-voltage circuit breakers is one of the major factor driving the segment growth. Furthermore, the increasing demand for electricity and the growing consumption of electric and electronic appliances are further anticipated to fuel the segment growth over the forecast period. On the other hand, the increasing use of electronic grade SF6 in the manufacturing of semiconductors, ICs, and accelerators is expected to drive the electric grade segment at a significant CAGR over the forecast period.

On the basis of application, the market is segmented into power & energy, medical, metal manufacturing, electronics, and others. the power and energy segment dominated the global sulfur hexafluoride market in 2021 and is expected to hold the largest revenue share of over two-third of the market by the end of the analysis period. The widespread use of the product in the manufacturing of circuit breakers, gas-insulated switchgear, and switchgear is a major factor to drive the segment growth. On the flip side, the medical segment is expected to register the fastest growth rate over the forecast period. The increasing use of sulfur hexafluoride in medical surgeries is a major factor to drive the segment growth.

Sulfur Hexafluoride Market Forecast

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The sulfur hexafluoride comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The sulfur hexafluoride market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Global Sulfur Hexafluoride Market Segmentation:

Sulfur Hexafluoride Market Segmentation by Grade:

  • Electronic Grade
  • UHP Grade
  • Standard Grade

Sulfur Hexafluoride Market Segmentation by Application:

  • Power & Energy
  • Medical
  • Metal Manufacturing
  • Electronics
  • Others

Sulfur Hexafluoride Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Sulfur Hexafluoride Market: Geographic Coverage

Geographically, the sulfur hexafluoride market report comprises dedicated sections centering on the regional market revenue and trends. The sulfur hexafluoride market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, and Rest of the World (RoW). The RoW segment consists of Latin America and the Middle East & Africa. The sulfur hexafluoride market has been extensively analyzed on the basis of various regional factors such as demographics, gross domestic product (GDP), inflation rate, acceptance, and others. Sulfur hexafluoride market estimates have also been provided for the historical years 2018 & 2019 along with forecasts for the period from 2022 – 2028.

Sulfur hexafluoride Market: Competitive Assessment

Some of the major market players operating in the global sulfur hexafluoride market are Advanced Specialty Gases, Honeywell International, Showa Denko K.K and Matheson Tri-Gas, Inc., Air Products and Chemicals, Inc., and Air Liquide S.A. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Advanced Specialty Gases
  • Honeywell International
  • Showa Denko K.K and Matheson Tri-Gas, Inc.
  • Air Products and Chemicals, Inc.
  • Air Liquide S.A.
  • Praxair Technology, Inc.
  • ABB Ltd.
  • Concorde Specialty Gases Inc.
  • Kanto Denka Kogyo Co.
  • Linde Plc
  • SHOWA DENKO K.K.

Key Questions Answered by Sulfur Hexafluoride Market Report

  • Global sulfur hexafluoride market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • Sulfur hexafluoride submarket forecasts from 2022-2028 covering the market by grade, by application, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level sulfur hexafluoride markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Sulfur Hexafluoride Market Portraiture
2.2. Global Sulfur Hexafluoride Market, by Grade, 2021 (USD Mn)
2.3. Global Sulfur Hexafluoride Market, by Application, 2021 (USD Mn)
2.4. Global Sulfur Hexafluoride Market, by Geography, 2021 (USD Mn)

 

3. Global Sulfur Hexafluoride Market Analysis


3.1. Sulfur Hexafluoride Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global Sulfur Hexafluoride Market By Grade, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Electronic Grade
4.3. UHP Grade
4.4. Standard Grade

 

5. Global Sulfur Hexafluoride Market By Application, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Power & Energy
5.3. Medical
5.4. Metal Manufacturing
5.5. Electronics
5.6. Others

 

6. North America Sulfur Hexafluoride Market Analysis and Forecast, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. North America Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
6.3. North America Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
6.4. North America Sulfur Hexafluoride Market by Country (2019-2028 USD Mn)
6.4.1. U.S.
6.4.1.1. U.S. Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
6.4.1.2. U.S. Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
6.4.2. Canada
6.4.2.1. Canada Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
6.4.2.2. Canada Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)

 

7. Europe Sulfur Hexafluoride Market Analysis and Forecast, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. Europe Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
7.3. Europe Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
7.4. Europe Sulfur Hexafluoride Market by Country (2019-2028 USD Mn)
7.4.1. Germany
7.4.1.1. Germany Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
7.4.1.2. Germany Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
7.4.2. U.K.
7.4.2.1. U.K. Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
7.4.2.2. U.K. Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
7.4.3. France
7.4.3.1. France Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
7.4.3.2. France Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
7.4.4. Italy
7.4.4.1. Italy Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
7.4.4.2. Italy Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
7.4.5. Rest of Europe
7.4.5.1. Rest of Europe Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
7.4.5.2. Rest of Europe Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)

 

8. Asia Pacific Sulfur Hexafluoride Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. Asia Pacific Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
8.3. Asia Pacific Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
8.4. Asia Pacific Sulfur Hexafluoride Market by Country (2019-2028 USD Mn)
8.4.1. China
8.4.1.1. China Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
8.4.1.2. China Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
8.4.2. Japan
8.4.2.1. Japan Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
8.4.2.2. Japan Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
8.4.3. Rest of Asia Pacific
8.4.3.1. Rest of Asia Pacific Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
8.4.3.2. Rest of Asia Pacific Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)

 

9. Latin America (LATAM) Sulfur Hexafluoride Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Latin America Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
9.3. Latin America Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
9.4. Latin America Sulfur Hexafluoride Market by Country (2019-2028 USD Mn)
9.4.1. Brazil
9.4.1.1. Brazil Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
9.4.1.2. Brazil Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
9.4.2. Mexico
9.4.2.1. Mexico Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
9.4.2.2. Mexico Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
9.4.3. Rest of Latin America
9.4.3.1. Rest of Latin America Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
9.4.3.2. Rest of Latin America Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)

 

10. Middle East and Africa Sulfur Hexafluoride Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. MEA Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
10.3. MEA Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
10.4. Middle East and Africa Sulfur Hexafluoride Market, by Country (2019-2028 USD Mn)
10.4.1. GCC
10.4.1.1. GCC Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
10.4.1.2. GCC Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
10.4.2. South Africa
10.4.2.1. South Africa Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
10.4.2.2. South Africa Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)
10.4.3. Rest of MEA
10.4.3.1. Rest of MEA Sulfur Hexafluoride Market by Grade (2019-2028 USD Mn)
10.4.3.2. Rest of MEA Sulfur Hexafluoride Market by Application (2019-2028 USD Mn)

 

11. Company Profiles


11.1. Advanced Specialty Gases
11.1.1. Business Description
11.1.2. Financial Health and Budget Allocation
11.1.3. Product Positions/Portfolio
11.1.4. Recent Development
11.1.5. SWOT Analysis
11.2. Honeywell International
11.2.1. Business Description
11.2.2. Financial Health and Budget Allocation
11.2.3. Product Positions/Portfolio
11.2.4. Recent Development
11.2.5. SWOT Analysis
11.3. Showa Denko K.K and Matheson Tri-Gas, Inc.
11.3.1. Business Description
11.3.2. Financial Health and Budget Allocation
11.3.3. Product Positions/Portfolio
11.3.4. Recent Development
11.3.5. SWOT Analysis
11.4. Air Products and Chemicals, Inc.
11.4.1. Business Description
11.4.2. Financial Health and Budget Allocation
11.4.3. Product Positions/Portfolio
11.4.4. Recent Development
11.4.5. SWOT Analysis
11.5. Air Liquide S.A.
11.5.1. Business Description
11.5.2. Financial Health and Budget Allocation
11.5.3. Product Positions/Portfolio
11.5.4. Recent Development
11.5.5. SWOT Analysis
11.6. Praxair Technology, Inc.
11.6.1. Business Description
11.6.2. Financial Health and Budget Allocation
11.6.3. Product Positions/Portfolio
11.6.4. Recent Development
11.6.5. SWOT Analysis
11.7. ABB Ltd.
11.7.1. Business Description
11.7.2. Financial Health and Budget Allocation
11.7.3. Product Positions/Portfolio
11.7.4. Recent Development
11.7.5. SWOT Analysis
11.8. Concorde Specialty Gases Inc.
11.8.1. Business Description
11.8.2. Financial Health and Budget Allocation
11.8.3. Product Positions/Portfolio
11.8.4. Recent Development
11.8.5. SWOT Analysis
11.9. Kanto Denka Kogyo Co.
11.9.1. Business Description
11.9.2. Financial Health and Budget Allocation
11.9.3. Product Positions/Portfolio
11.9.4. Recent Development
11.9.5. SWOT Analysis
11.10. Linde Plc
11.10.1. Business Description
11.10.2. Financial Health and Budget Allocation
11.10.3. Product Positions/Portfolio
11.10.4. Recent Development
11.10.5. SWOT Analysis
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