Industry Outlook and Trend Analysis
The Sulfur Hexafluoride SF6 Market was worth USD 164.14 million in 2014 and is expected to reach approximately USD 276.16 million by 2023, while registering itself at a compound annual growth rate CAGR of 5.95% during the forecast period.
Increasing demand for the gas as a dielectric medium in electrical industry is anticipated to drive the business development. The developing usage of the product in power and energy industry for the assembling of high voltage transformers, circuit breakers, and switchgears is foreseen to impel the demand. The acquisition cost of raw materials usage as a part of the generation of SF6, for example, fluorine, sulfur, cobalt III fluoride, and bromine is high because of their risky nature and complex assembling forms. This factor, hence, in the long run expands the creation cost of the end use SF6.
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Product Outlook and Trend Analysis
Industrially, the product is accessible in three significant evaluations: electronic, UHP, and standard. The choice of the product review relies upon the desired end-use application. For example, standard grade product is used to fabricate high-voltage circuit breakers and switch gears, though UHP grade is used for medical applications. Electronic grade sulfur hexafluoride is broadly grade as a part of the assembling of photovoltaic panels, integrated circuits, microelectricalmechanical systems MEMS , flat panels, and semiconductors.
Application Outlook and Trend Analysis
The product discovers application in medical, electronics, power and energy, and metal manufacturing. SF6 is used for different purposes, for example, casting of magnesium, in non-invasive medical surgeries, manufacturing of insulated glazing windows and manufacturing of high-voltage circuit breakers. Power and vitality application represented the biggest share of the market in 2016 and the pattern is foreseen to proceed over the conjecture time frame.
Regional Outlook and Trend Analysis
Central and South America is anticipated to be the quickest developing business sector for SF6 developing significantly over the conjecture time frame predominantly because of the developing urbanization and infrastructural development in the area, which is setting off the interest for electrical equipment, and, in, turn, boosting the demand for SF6.
The leading players in the market are Showa Denko, KANTO DENKA KOGYO CO LTD, Matheson, Honeywell and Advanced Specialty Gases. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Sulfur Hexafluoride SF6 Market is segmented as follows-
Power and Energy
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Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
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