The market value for sulphur hexafluoride is predicted to be US$ 288.37 million in 2023 and US$ 487.93 million in 2033. Throughout the anticipated period, the market will expand at a noteworthy CAGR of 5.4%.
Sulphur hexafluoride is a colourless and odourless gas. Its chemical formula is SF6. In Sulphur hexafluoride structure, one sulphur atom is surrounded by six fluorine atoms. This inorganic gas is non-toxic, non-flammable and is soluble in water. Its CAS No. is 2551-62-4.
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.
Request for Sample @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2371
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.
One of the niche applications of Sulphur hexafluoride is plasma processing, where it acts as an etching agent. It is also used in production of silicon devices. Sulphur hexafluoride has also applications in medical technology. It is used in various therapeutic segments such as Pneumonectomy, Ophthalmology, etc. As a contrast agent, it’s used in eye surgery. Sulphur hexafluoride is also used in the treatment of loss of hearing.
It is used in foundry and metal casting applications of Aluminium and Magnesium. In magnesium casting, it prevents the formation of unwanted by-products, whereas it is used as a degassing agent in aluminium casting. Some other applications of Sulphur hexafluoride are in loud speakers, leak detection, and lasers. The global market for Sulphur hexafluoride is anticipated to grow at a significant CAGR over the forecast period 2016-2016.
Sulphur Hexafluoride Market Dynamics
The Healthcare sector is one of the fastest growing industries across the world. This industry is growing because of ageing population, and proliferation of chronic and life style diseases in the developed countries. In developing nations, rising population, higher income, and governments spending on healthcare are the key growth drivers for this industry, which in turn drives the demand for Sulphur hexafluoride market.
Electrical and electronics industry is flourishing globally. There is a significant growth observed during the past few decades in telecommunications, consumer goods, and computers industry.
Rising demand for electrical and electronic products such as semiconductor, photovoltaic panels, power equipment, and switchgear is likely to grow over the forecast period, which in turn fuels the demand for Sulphur hexafluoride market. The growth of Sulphur hexafluoride market is also propelled by the development of power infrastructure by the governments in developing countries.
Sulphur hexafluoride has adverse impact on the atmosphere, as it can cause global warming. Though, its inertness makes it slower to harm the environment, this is one of the major restraints of Sulphur hexafluoride market. However, the overall picture for Sulphur hexafluoride market has been flourished and growing significantly over the forecast period of 2016-2026.
Sulphur Hexafluoride Market Participants
Examples of some of the market participants in the global Sulphur hexafluoride market identified across the value chain include the Sulphur hexafluoride market are Solvay, Praxair, Honeywell, Linde Group, Kanto Denka Kogyo, Matheson, Airgas, Chengdu Kemeite, Qinghai Xinhe, Showa Denko, Concorde Specialty Gases, Fujian Shaowu Yongfei, Advanced Specialty Gases, Liming Research Institute, Yingde Gases, Huaneng Fluorin, and Shandong Ruihua Fluoride are among others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
Ask for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-2371
Sulphur Hexafluoride Market Segmentation
On the basis of end-use industry, global Sulphur hexafluoride market can be segmented as:
- Electrical & Electronics industry
- Steel & Metals industry
- Medical applications
- Glass Industry
- Electrostatic loudspeakers
- Entertainment industry
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Unit No: 1602-006
Jumeirah Bay 2
Plot No: JLT-PH2-X2A
Jumeirah Lakes Towers
Dubai
United Arab Emirates
LinkedIn| Twitter| Blogs
For Sales Enquiries: sales@futuremarketinsights.com
