The global sulfur hexafluoride market size is anticipated to reach USD 309.9 million by 2025,
registering a CAGR of 6.0% over the forecast period, according to a new report
by Grand View Research, Inc. Growing product demand as an ideal quenching
material in distribution voltage switchgear, linear particle accelerators &
generators, high voltage circuit breakers, and radar equipment is expected to
drive demand.
The market is primarily driven by the growing use of
sulfur hexafluoride in Gas Insulated Substation (GlS) equipment designed to
contain the gas in sealed pressure systems. Strong tendency to absorb free
electrons and highly electronegative nature renders SF6 suitable for
switchgears used in high or ultra-high voltage transmission lines.
OSHA and National Institute for Occupational Safety and
Health (NIOSH) have categorized sulfur hexafluoride as a harmful element on
account of its negative impact on the environment and the human body. The
hazardous nature of the product along with high maintenance and handling costs
is expected to hamper the product demand.
Companies are actively investing in R&D to develop
innovative cost saving manufacturing processes. Companies such as Kanto Denka
Kogyo Co., Ltd., Air Products & Chemicals, Inc., and Showa Denko K.K., are
investing in the R&D activities in order to come up with environment-friendly
manufacturing processes and gain competitive edge in the market.
To request a sample copy or view summary of this report,
click the link below:
https://www.grandviewresearch.com/industry-analysis/sulfur-hexafluoride-sf6-market
https://www.grandviewresearch.com/industry-analysis/sulfur-hexafluoride-sf6-market
Further
key findings from the report suggest:
· Standard grade SF6 was the dominant product
segment in 2018 with a percentage share of 85.8% as it is used in the
manufacturing of switchgear and circuit breakers for power & energy
generation plants
· UHP grade SF6 was the fastest growing
segment with a CAGR of 7.4% from 2019 to 2025 owing to its extensive use in
medical surgeries and manufacturing of electrical appliances
· Power & energy application segment
accounted for the largest revenue share and is expected to register a CAGR of
5.9% over the forecast period owing to the increasing use of SF6 in high
voltage equipment including transformers, switches, and capacitors
· Asia Pacific dominated the industry demand
in 2018 accounting for 34.3% of the revenue share and is projected to continue
its dominance owing to the high demand of the product in electronics
manufacturing
· Key players in the sulfur hexafluoride
market include The Linde Group, Solvay S.A.,Air Liquide S.A.,Air Products and
Chemicals, Inc., Concorde Specialty Gases, Inc. and Advanced Specialty Gases
Grand View Research has segmented the sulfur hexafluoride
market on the basis of product, application and region:
Sulfur Hexafluoride Product Outlook (Volume, Tons;
Revenue, USD Thousand, 2014 - 2025)
·
Electronic Grade
·
UHP Grade
·
Standard Grade
Sulfur Hexafluoride Application Outlook (Volume, Tons;
Revenue, USD Thousand, 2014 - 2025)
·
Power & Energy
·
Medical
·
Metal Manufacturing
·
Electronics
·
Others
Sulfur Hexafluoride Regional Outlook (Volume, Tons;
Revenue, USD Thousand, 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Central & South America
o Brazil
·
Middle East and Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
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