Global Sulfur Hexafluoride Market Information: By Grade (Standard Grade, Electronics Grade, Ultra-High Purity Grade), By Application (Power & Energy, Electronics, Medical, Metal Manufacturing, Window Insulation, Others) - Forecast to 2027
ID: MRFR/CnM/6998-HCR | February 2021 | Region: Global | 100 pages
Market Synopsis
According to MRFR analysis, Sulfur Hexafluoride Market was valued at USD 251 Million in 2018 and is projected to register a CAGR of 6.1% during the forecast period, 2019–2025.
Sulfur hexafluoride (SF₆) is an odorless, colorless, non-toxic, non-flammable, and un-reactive liquefied gas under normal atmospheric conditions. It is typically produced in itemized amounts through the direct fluorination of high-purity sulfur and transported in tube trailers and cylinders under its own vapor pressure across the world. It is an excellent dielectric material (rapidly quenches electrical discharges), and shows outstanding electric insulating properties that led to its widespread use in many electrical applications such as high voltage circuit breakers, high voltage transformers, gas-insulated power substations, gas-insulated transmission lines, distribution voltage switchgear, radar equipment, linear particle accelerators, microwave antennas, and generator, among others. SF6 also has some non-electrical applications such as manufacturing of molten magnesium and aluminum, leak detection, window insulation, plasma etching for semiconductor chip production, shock absorbers, contrasting agent in ultrasound imaging, and a tracer in monitoring air pollution, among others. It is sold either as an SF6 gas or under trade names AccuDri and ELEKTRA.
The key factor favoring the growth of the global sulfur hexafluoride market is the growing electrical & electronics industry across the globe. The developing nations especially are witnessing an increase in the demand for electricity due to the growing economic development and standard of living. The electronics market in developing nations is also growing significantly. Asia-Pacific is the dominant electronics market due to the presence of some of the major electronics hubs, such as Japan, South Korea, and Taiwan, as well as growing demand for electronic devices in emerging economies such as China and India. Increasing per capita disposable income, and rising consumer spending are some of the other factors contributing to the growth of the electronics industry in the region. For instance, according to India Brand Equity Foundation, the Indian appliance and consumer electronics (ACE) market reached Rs USD 31.48 billion in 2017 and is expected to register 9% CAGR to reach USD 48.37 Billion by the end of 2022.
Additionally, increasing the use of sulfur hexafluoride in medical surgeries is also contributing to the growth of the sulfur hexafluoride market to some extent.
Furthermore, the adoption of HVDC transmission in developing countries is projected to create growth opportunities for the market players in the coming years, as SF6 is useful in the manufacturing of high voltage transmission systems and equipment.
However, the high cost of sulfur hexafluoride is a challenging factor in market growth. Also, the high global warming potential of SF6, which is about 20,000 times more powerful than CO2, may restrain the market growth during the forecast period. It was found that exhalation of SF6 in the atmosphere is neither harmful to human health nor to the ozone layer. In the stratosphere, however, its occurrence was observed, and its emission is being monitored.
Pricing and Regulatory Analysis
- In 2018, sulfur hexafluoride was priced between USD 5 and USD 10 per kg across the globe.
The American Conference of Governmental Industrial Hygienists (ACGIH) and the Occupational Safety and Health Administration (OSHA) have each established a permissible 8-hour time-weighted-average (TWA) exposure level of 0.2 mg/m3 for the volatiles that are emitted from sulfur hexafluoride (“sulfur hexafluoride volatiles”). This number represents the average airborne exposure in any 8-hour work shift of a 40-hour workweek which shall not be exceeded. According to the OSHA, it is also the highest level of exposure an employee may be exposed to without incurring the risk of adverse health effects. The United Nations Framework Convention on Climate Change (Kyoto Protocol, 1997) recognized SF6 as a potent greenhouse gas and introduced measures designed to achieve reduction of its release into the atmosphere.
Market Drivers
- Growing electricals & electronics industry in the developing nations
- Increasing utilization of sulfur hexafluoride in medical surgeries
Market Restraints
- High global warming potential of sulfur hexafluoride
Segmentation
By Grade
- Standard Grade: The segment held the largest market share in 2018 by value owing to its increasing usage in the power & energy sector for applications such as high-voltage circuit breakers, switchgear, gas-insulated switchgear (GIS) and others.
- Electronics Grade: Finds application in the manufacturing of particle accelerators, integrated circuits, and an etchant for chamber cleaning.
- Ultra-High Purity Grade: Finds use in high-end applications viz. medical and semiconductor manufacturing.
By Application
- Power & Energy: The segment held the largest market share of the global sulfur hexafluoride market in 2018 due to the large-scale use of SF6 in the manufacturing of high-voltage circuit breakers, switchgear, gas-insulated switchgear (GIS), high voltage transformers, gas-insulated power substations, gas-insulated transmission lines, particles accelerators, and distribution voltage, among others.
- Electronics: SF6 finds vast applications in the manufacturing of electronic components such as semiconductors, integrated circuits, radar equipment, microwave antennas, and generators, among others.
- Medical: SF6 is used in non-invasive medical surgeries. It acts as a plug during retinal detachment surgeries; contrasting agent in ultrasound imaging, and helps in easy visibility in the echocardiogram.
- Metal Manufacturing: SF6 is utilized in the foundry and metal casting applications of magnesium and aluminum.
- Window Insulation: SF6 is used for insulating windows to reduce heat transfer and for sound dampening.
- Others: The other segment includes leak detection, shock absorbers, and tracer in monitoring air pollution.
By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa
Regional Analysis
- North America: Held the second-largest market share of the global market in 2018. The healthy growth of the electronics industry in the US is majorly driving the demand for SF6. However, the stringent regulatory framework is inhibiting the market growth in the region.
- Europe: Stringent regulations pertaining to SF6 has affected the production of SF6 in the region. This, in turn, is increasing the overall prices of SF6, and thus influencing the growth of the product market negatively.
- Asia-Pacific: The region dominated the global market and is expected to register the highest CAGR during the forecast period. The growth of the market is driven by continued robust economic growth, low production and labor cost, and favorable regulatory framework. These factors are influencing the bulk production of SF6, which in turn is fueling the growth of the product market in the region. China is expected to account for the largest share of the regional market in the coming years. India is expected to exhibit the second-largest CAGR during the review period.
- Latin America: Held smaller share but the growing economy is expected to boost the market growth for sulfur hexafluoride in the region.
- Middle East & Africa: The region is expected to witness positive growth in the coming years owing to the growth of the electronics industry in the region.
Key Players
- Solvay (Belgium)
- The Linde Group (Ireland)
- SHOWA DENKO K.K. (Japan)
- Concorde Specialty Gases, Inc (US)
- Air Products and Chemicals, Inc (US)
- Advanced Specialty Gases (US)
- Matheson Tri-Gas, Inc (US)
- Praxair Technology, Inc (US)
- Electronic Fluorocarbons, LLC (US)
- Bengal Gases (India)
- PURITYPLUS SPECIALTY GASES (US)
- Ajay Air Products Pvt. Ltd (India)
Frequently Asked Questions (FAQ) :
sulfur hexafluoride market was valued at USD 251 million in 2018.
The market is expected to exhibit a strong 6.1% CAGR over the forecast period from 2019 to 2025.
Growing demand from electrical applications is the major driver for the sulfur hexafluoride market.
Asia Pacific dominates the global sulfur hexafluoride market.
Leading players in the sulfur hexafluoride market include Solvay, Linde, and Showa Denko, among others.
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics of Global Sulfur Hexafluoride Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis of Global Sulfur Hexafluoride Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End-User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Buyers
5.2.3 Bargaining Power of Suppliers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
6. Global Sulfur Hexafluoride Market, by Grade
6.1 Introduction
6.2 Standard Grade
6.2.1 Market Estimates & Forecast, 2020–2027
6.2.2 Market Estimates & Forecast, by Region, 2020–2027
6.3 Electronics Grade
6.3.1 Market Estimates & Forecast, 2020–2027
6.3.2 Market Estimates & Forecast, by Region, 2020–2027
6.4 Ultra-high Purity Grade
6.4.1 Market Estimates & Forecast, 2020–2027
6.4.2 Market Estimates & Forecast, by Region, 2020–2027
7. Global Sulfur Hexafluoride Market, by Application
7.1 Introduction
7.2 Power & Energy
7.2.1 Market Estimates & Forecast, 2020–2027
7.2.2 Market Estimates & Forecast, by Region, 2020–2027
7.3 Electronics
7.3.1 Market Estimates & Forecast, 2020–2027
7.3.2 Market Estimates & Forecast, by Region, 2020–2027
7.4 Metal Manufacturing
7.4.1 Market Estimates & Forecast, 2020–2027
7.4.2 Market Estimates & Forecast, by Region, 2020–2027
7.5 Medical
7.5.1 Market Estimates & Forecast, 2020–2027
7.5.2 Market Estimates & Forecast, by Region, 2020–2027
7.6 Window Insulation
7.6.1 Market Estimates & Forecast, 2020–2027
7.6.2 Market Estimates & Forecast, by Region, 2020–2027
7.7 Others
7.7.1 Market Estimates & Forecast, 2020–2027
7.7.2 Market Estimates & Forecast, by Region, 2020–2027
8. Global Sulfur Hexafluoride Market, by Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2020–2027
8.2.2 Market Estimates & Forecast, by Grade, 2020–2027
8.2.3 Market Estimates & Forecast, by Application, 2020–2027
8.2.4 US
8.2.4.1 Market Estimates & Forecast, 2020–2027
8.2.4.2 Market Estimates & Forecast, by Grade, 2020–2027
8.2.4.3 Market Estimates & Forecast, by Application, 2020–2027
8.2.5 Canada
8.2.5.1 Market Estimates & Forecast, 2020–2027
8.2.5.2 Market Estimates & Forecast, by Grade, 2020–2027
8.2.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.3 Europe
8.3.1 Market Estimates & Forecast, 2020–2027
8.3.2 Market Estimates & Forecast, by Grade, 2020–2027
8.3.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.4 Germany
8.3.4.1 Market Estimates & Forecast, 2020–2027
8.3.4.2 Market Estimates & Forecast, by Grade, 2020–2027
8.3.4.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.5 France
8.3.5.1 Market Estimates & Forecast, 2020–2027
8.3.5.2 Market Estimates & Forecast, by Grade, 2020–2027
8.3.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.6 Italy
8.3.6.1 Market Estimates & Forecast, 2020–2027
8.3.6.2 Market Estimates & Forecast, by Grade, 2020–2027
8.3.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.7 Spain
8.3.7.1 Market Estimates & Forecast, 2020–2027
8.3.7.2 Market Estimates & Forecast, by Grade,2020–2027
8.3.7.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.8 UK
8.3.8.1 Market Estimates & Forecast, 2020–2027
8.3.8.2 Market Estimates & Forecast, by Grade,2020–2027
8.3.8.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.9 Russia
8.3.9.1 Market Estimates & Forecast, 2020–2027
8.3.9.2 Market Estimates & Forecast, by Grade,2020–2027
8.3.9.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.10 Poland
8.3.10.1 Market Estimates & Forecast, 2020–2027
8.3.10.2 Market Estimates & Forecast, by Grade, 2020–2027
8.3.10.3 Market Estimates & Forecast, by Application, 2020–2027
8.3.11 Rest of Europe
8.3.11.1 Market Estimates & Forecast, 2020–2027
8.3.11.2 Market Estimates & Forecast, by Grade, 2020–2027
8.3.11.3 Market Estimates & Forecast, by Application, 2020–2027
8.4 Asia-Pacific
8.4.1 Market Estimates & Forecast, 2020–2027
8.4.2 Market Estimates & Forecast, by Grade, 2020–2027
8.4.3 Market Estimates & Forecast, by Application, 2020–2027
8.4.4 China
8.4.4.1 Market Estimates & Forecast, 2020–2027
8.4.4.2 Market Estimates & Forecast, by Grade, 2020–2027
8.4.4.3 Market Estimates & Forecast, by Application, 2020–2027
8.4.5 India
8.4.5.1 Market Estimates & Forecast, 2020–2027
8.4.5.2 Market Estimates & Forecast, by Grade, 2020–2027
8.4.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.4.6 Japan
8.4.6.1 Market Estimates & Forecast, 2020–2027
8.4.6.2 Market Estimates & Forecast, by Grade, 2020–2027
8.4.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.4.7 Australia & New Zealand
8.4.7.1 Market Estimates & Forecast, 2020–2027
8.4.7.2 Market Estimates & Forecast, by Grade, 2020–2027
8.4.7.3 Market Estimates & Forecast, by Application, 2020–2027
8.4.8 Rest of Asia-Pacific
8.4.8.1 Market Estimates & Forecast, 2020–2027
8.4.8.2 Market Estimates & Forecast, by Grade, 2020–2027
8.4.8.3 Market Estimates & Forecast, by Application, 2020–2027
8.5 Middle East & Africa
8.5.1 Market Estimates & Forecast, 2020–2027
8.5.2 Market Estimates & Forecast, by Grade, 2020–2027
8.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.5.4 GCC
8.5.4.1 Market Estimates & Forecast, 2020–2027
8.5.4.2 Market Estimates & Forecast, by Grade, 2020–2027
8.5.4.3 Market Estimates & Forecast, by Application, 2020–2027
8.5.5 Israel
8.5.5.1 Market Estimates & Forecast, 2020–2027
8.5.5.2 Market Estimates & Forecast, by Grade, 2020–2027
8.5.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.5.6 North Africa
8.5.6.1 Market Estimates & Forecast, 2020–2027
8.5.6.2 Market Estimates & Forecast, by Grade, 2020–2027
8.5.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.5.7 Turkey
8.5.7.1 Market Estimates & Forecast, 2020–2027
8.5.7.2 Market Estimates & Forecast, by Grade, 2020–2027
8.5.7.3 Market Estimates & Forecast, by Application, 2020–2027
8.5.8 Rest of Middle East & Africa
8.5.8.1 Market Estimates & Forecast, 2020–2027
8.5.8.2 Market Estimates & Forecast, by Grade, 2020–2027
8.5.8.3 Market Estimates & Forecast, by Application, 2020–2027
8.6 Latin America
8.6.1 Market Estimates & Forecast, 2020–2027
8.6.2 Market Estimates & Forecast, by Grade, 2020–2027
8.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.6.4 Brazil
8.6.4.1 Market Estimates & Forecast, 2020–2027
8.6.4.2 Market Estimates & Forecast, by Grade, 2020–2027
8.6.4.3 Market Estimates & Forecast, by Application, 2020–2027
8.6.5 Argentina
8.6.5.1 Market Estimates & Forecast, 2020–2027
8.6.5.2 Market Estimates & Forecast, by Grade, 2020–2027
8.6.5.3 Market Estimates & Forecast, by Application, 2020–2027
8.6.6 Mexico
8.6.6.1 Market Estimates & Forecast, 2020–2027
8.6.6.2 Market Estimates & Forecast, by Grade, 2020–2027
8.6.6.3 Market Estimates & Forecast, by Application, 2020–2027
8.6.7 Rest of Latin America
8.6.7.1 Market Estimates & Forecast, 2020–2027
8.6.7.2 Market Estimates & Forecast, by Grade, 2020–2027
8.6.7.3 Market Estimates & Forecast, by Application, 2020–2027
9. Company Landscape
9.1 Introduction
9.2 Market Key Strategy
9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)
10. Company Profiles
10.1 Solvay
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Product/Business Segment Overview
10.1.4 Key Strategy
10.1.5 Key Developments
10.1.6 SWOT Analysis
10.2 The Linde Group
10.2.1 Company Overview
10.2.2 Financial Overview
10.2.3 Product/Business Segment Overview
10.2.4 Key Strategy
10.2.5 Key Developments
10.2.6 SWOT Analysis
10.3 SHOWA DENKO K.K.
10.3.1 Company Overview
10.3.2 Financial Overview
10.3.3 Product/Business Segment Overview
10.3.4 Key Strategy
10.3.5 Key Developments
10.3.6 SWOT Analysis
10.4 Concorde Specialty Gases, Inc.
10.4.1 Company Overview
10.4.2 Financial Overview
10.4.3 Product/Business Segment Overview
10.4.4 Key Strategy
10.4.5 Key Developments
10.4.6 SWOT Analysis
10.5 Air Products and Chemicals, Inc.
10.5.1 Company Overview
10.5.2 Financial Overview
10.5.3 Product/Business Segment Overview
10.5.4 Key Strategy
10.5.5 Key Developments
10.5.6 SWOT Analysis
10.6 Advanced Specialty Gases.
10.6.1 Company Overview
10.6.2 Financial Overview
10.6.3 Product/Business Segment Overview
10.6.4 Key Strategy
10.6.5 Key Developments
10.6.6 SWOT Analysis
10.7 Matheson Tri-Gas, Inc.
10.7.1 Company Overview
10.7.2 Financial Overview
10.7.3 Product/Business Segment Overview
10.7.4 Key Strategy
10.7.5 Key Developments
10.7.6 SWOT Analysis
10.8 Praxair Technology, Inc.
10.8.1 Company Overview
10.8.2 Financial Updates
10.8.3 Product/Business Segment Overview
10.8.4 Key Strategy
10.8.5 Key Developments
10.8.6 SWOT Analysis
10.9 Electronic Fluorocarbons, LLC
10.9.1 Company Overview
10.9.2 Financial Overview
10.9.3 Product/Business Segment Overview
10.9.4 Key Strategy
10.9.5 Key Developments
10.9.6 SWOT Analysis
10.10 Bengal Gases
10.10.1 Company Overview
10.10.2 Financial Overview
10.10.3 Product/Business Segment Overview
10.10.4 Key Strategy
10.10.5 Key Developments
10.10.6 SWOT Analysis
10.11 PURITYPLUS SPECIALTY GASES
10.11.1 Company Overview
10.11.2 Financial Overview
10.11.3 Product/Business Segment Overview
10.11.4 Key Strategy
10.11.5 Key Developments
10.11.6 SWOT Analysis
10.12 Ajay Air Products Pvt. Ltd
10.12.1 Company Overview
10.12.2 Financial Overview
10.12.3 Product/Business Segment Overview
10.12.4 Key Strategy
10.12.5 Key Developments
10.12.6 SWOT Analysis
11. Conclusion
LIST OF TABLES
Table 1 Global Sulfur Hexafluoride Market: by Region, 2020–2027
Table 2 North America: Sulfur Hexafluoride Market, by Country, 2020–2027
Table 3 Europe: Sulfur Hexafluoride Market, by Country, 2020–2027
Table 4 Asia-Pacific: Sulfur Hexafluoride Market. by Country, 2020–2027
Table 5 Middle East & Africa: Sulfur Hexafluoride Market, by Country, 2020–2027
Table 6 Latin America: Sulfur Hexafluoride Market, by Country, 2020–2027
Table 7 Global Sulfur Hexafluoride Grade Market, by Regions, 2020–2027
Table 8 North America: Sulfur Hexafluoride Grade Market, by Country, 2020–2027
Table 9 Europe: Sulfur Hexafluoride Grade Market, by Country, 2020–2027
Table10 Asia-Pacific: Sulfur Hexafluoride Grade Market, by Country, 2020–2027
Table11 Middle East & Africa: Sulfur Hexafluoride Grade Market, by Country, 2020–2027
Table12 Latin America: Sulfur Hexafluoride Grade Market, by Country, 2020–2027
Table 13 Global Sulfur Hexafluoride Application Market, by Regions, 2020–2027
Table14 North America: Sulfur Hexafluoride Application Market, by Country, 2020–2027
Table15 Europe: Sulfur Hexafluoride Application Market, by Country, 2020–2027
Table16 Asia-Pacific: Sulfur Hexafluoride Application Market, by Country, 2020–2027
Table17 Middle East & Africa: Sulfur Hexafluoride Application Market, by Country, 2020–2027
Table18 Latin America: Sulfur Hexafluoride by Application Market, by Country, 2020-2027
Table19 Global Grade Market, by Region, 2020–2027
Table20 Global Application Market, by Region, 2020–2027
Table21 North America: Sulfur Hexafluoride Market, by Country, 2020–2027
Table22 North America: Sulfur Hexafluoride Market, by Grade, 2020–2027
Table23 North America: Sulfur Hexafluoride Market, by Application, 2020–2027
Table24 Europe: Sulfur Hexafluoride Market, by Country, 2020–2027
Table25 Europe: Sulfur Hexafluoride Market, by Grade, 2020–2027
Table26 Europe: Sulfur Hexafluoride Market, by Application, 2020–2027
Table27 Asia-Pacific: Sulfur Hexafluoride Market, by Country, 2020–2027
Table28 Asia-Pacific: Sulfur Hexafluoride Market, by Grade, 2020–2027
Table29 Asia-Pacific: Sulfur Hexafluoride Market, by Application, 2020–2027
Table30 Middle East & Africa: Sulfur Hexafluoride Market, by Country, 2020–2027
Table31 Middle East & Africa: Sulfur Hexafluoride Market, by Grade, 2020–2027
Table32 Middle East & Africa: Sulfur Hexafluoride Market, by Application, 2020–2027
Table33 Latin America: Sulfur Hexafluoride Market, by Country, 2020–2027
Table34 Latin America: Sulfur Hexafluoride Market, by Grade, 2020–2027
Table35 Latin America: Sulfur Hexafluoride Market, by Application, 2020–2027
LIST OF FIGURES
FIGURE 1 Global Sulfur Hexafluoride Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of Global Sulfur Hexafluoride Market
FIGURE 4 Value Chain of Global Sulfur Hexafluoride Market
FIGURE 5 Share of Global Sulfur Hexafluoride Market in 2020, by Country
FIGURE 6 Global Sulfur Hexafluoride Market, 2020–2027,
FIGURE 7 Global Sulfur Hexafluoride Market Size, by Grade, 2020
FIGURE 8 Share of Global Sulfur Hexafluoride Market, by Grade, 2020–2027
FIGURE 9 Global Sulfur Hexafluoride Market Size, by Application, 2020
FIGURE10 Share of Global Sulfur Hexafluoride Market, by Application, 2020–2027