The market for sulphur hexafluoride is valued at US$ 288.37 million in 2023 and is expected to climb to US$ 487.93 million by 2033. During the projection period, the market will rise at a substantial CAGR of 5.4%. Favorable chemical properties and variegated end-use applications particularly electronic devices continue to supplement the growth of sulphur hexafluoride market.
Sulphur hexafluoride gas is manufactured by reaction of fluorine with sulphur through electrolysis. Sulphur hexafluoride has excellent thermal, electrical, and chemical properties which make it suitable for various applications. It is used in industries such as power, medical, electronics, glass, metal, etc.
Sulphur hexafluoride has excellent properties which are compatible with electrical applications. Thermal stability and high dielectric strength of Sulphur hexafluoride provide outstanding cooling and insulating properties. Being an ideal quench, it is used in switchgear and electric circuit breakers.
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Sulphur hexafluoride is compatible for high-voltage and medium-high voltage power circuit breakers, electricity sub stations, transformers, high-voltage cables, linear accelerators, electron microscopes, and so on. Use of Sulphur hexafluoride over traditional dielectrics provides certain advantages such as space saving, low weight, and operational safety of the equipment.
In electronics industry, Sulphur hexafluoride is used as an etching gas in the manufacturing of photovoltaic panels, flat panels, and semiconductor devices. Large molecule size and high density of Sulphur hexafluoride make it a preferred etching gas in various electronic production processes.
Key Takeaways of Sulphur Hexafluoride Market Study
- Role of sulphur hexafluoride in developing electronic circuits is the growth engine of the market.
- Chemical inertness, non-toxicity, high density, and high dielectric strength are highly sought-after attributes of sulphur hexafluoride.
- Electronic grade sulphur hexafluoride contributes substantially to the overall demand.
- Asia Pacific carves out approximately 45.8% revenue share in the global sulphur hexafluoride market.
- Europe will exhibit relatively sluggish market growth owing to stringent government regulations.
Key players must adopt multipronged strategies such as joint ventures and product development for competitive leadership. These strategies are fundamental to fortifying their foothold in the global sulphur hexafluoride market.
Asia Pacific Accounts for 45.8% Share in Sulphur Hexafluoride Market
On account of enormous regional population, power and energy demand is soaring in Asia Pacific. Being a leading end-use application of sulphur hexafluoride, power & energy generation industry is supporting the growth of regional market. Hence, Asia Pacific sulphur hexafluoride market garnered approximately 45.8% market share in 2018.
The sulphur hexafluoride market is Europe will relatively be slow during the forecast period owing to environmental implications associated with the product. Moreover, stricter norms set down by governing bodies are limiting the sulphur hexafluoride market growth in the region. However, improved sustainable practices in certain domestic markets such as the United States will contribute to steady market growth in the country.
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Sustainable Practices Remain Key Agenda of Industry Leaders
Some of the key players featured in this FMI study include, but are not limited to, Advanced Specialty Gases, Air Liquide, Electronic Fluorocarbons, LLC, Axcel Gases, American Gas Products, Solvay S.A., Praxair Technology, Inc., Honeywell International, Fujian Shaowu Yongfei Chemical Co. Ltd., Air Products and Chemicals, Inc., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.
The global sulphur hexafluoride market is fragmented in nature. Reusing sulphur hexafluoride and incorporating latest technology is the key forte of market leaders. For instance, Solvay reclaims and reuses sulphur hexafluoride gas worldwide to comply with stringent environmental norms. Other players opt for collaborations to strengthen their market presence.
Sulphur Hexafluoride Market: Segmentation
The global sulphur hexafluoride market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
By Grade
- Technical
- Electronic
By Application
- Electrical Transmission and Distribution
- Semiconductor Manufacturing
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More about the Report
FMI’s study offers an in-depth market forecast and analysis on the global sulphur hexafluoride market. The major categories encompassed by the report include grade (technical, electronic), application (electrical transmission and distribution, semiconductor manufacturing) across five regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).
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