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SULFUR HEXAFLUORIDE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Sulfur Hexafluoride Market, By Grade (Electronic Grade, UHP Grade, and Standard Grade), By Application (Power & Energy, Medical, Metal Manufacturing, Electronics, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

  • Published In : May 2024
  • Code : CMI7007
  • Pages :136
  • Formats :
      Excel and PDF
  • Industry : Bulk Chemicals
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The sulfur hexafluoride market is estimated to be valued at USD 305.8 Mn in 2024, growing at a compound annual growth rate (CAGR) of 6.1% from 2024 to 2031. Sulfur hexafluoride is an inorganic, odorless, colorless, non-flammable, and non-toxic gas. It has a boiling point of -64°C and is five times denser than air. SF6's inertness, thermal stability, dielectric strength, and outstanding arc-quenching properties make it highly useful in electrical equipment such as circuit breakers, switchgears, and gas insulated substations. It is used extensively as an insulator in high-voltage circuit breakers due to its stronger dielectric properties than air. However, SF6 is a potent greenhouse gas and its atmospheric lifetime is around 3,200 years with a global warming potential around 23,500 times that of carbon dioxide. This has led to stringent regulations regarding its use and handling among many nations aiming to transition to alternatives.

 Market Dynamics:

The global sulfur hexafluoride market growth is propelled by factors such as rapid expansion of the power sector worldwide alongside investments into renewable energy capacity additions which utilize more switchgear and substations. Growing urbanization and industrialization are also fueling the electricity demand. However, the market faces challenges from rising environmental concerns regarding SF6's global warming impact and subsequent regulatory norms compelling the use of green substitutes. This has prompted companies to invest in the development of substitute gases and solid insulators. Opportunities lie in expanding transmission and distribution networks in developing economies and integration of renewable energy into grids.

 Key Features of the Study:

  • This report provides an in-depth analysis of the global sulfur hexafluoride market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
  • It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global sulfur hexafluoride market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include Advanced Specialty Gases, Honeywell International, Showa Denko K.K Matheson Tri-Gas, Inc., Ashirwad Gas, Solvay, Sol India, Phoenix Gases Pvt. Ltd., Miragas Co., Ltd, Rhodia Specialty Chemicals India Ltd, Verni Gas Corporation, Vadilal Chemicals Limited, ATCO, Axcel gases, Linde, and IDeaspromo Solutions Private Limited.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • The global sulfur hexafluoride market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global sulfur hexafluoride market. 

Detailed Segmentation-

  • By Grade:
    • Electronic Grade
    • UHP Grade
    • Standard Grade
  • By Application:
    • Power & Energy
    • Medical
    • Metal Manufacturing
    • Electronics
    • Others
  • By Regional:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa
  • Company Profiles:
    • Advanced Specialty Gases
    • Honeywell International
    • Showa Denko K.K Matheson Tri-Gas, Inc.
    • Ashirwad Gas
    • Solvay
    • Sol India
    • Phoenix Gases Pvt. Ltd.
    • Miragas Co., Ltd
    • Rhodia Specialty Chemicals India Ltd
    • Verni Gas Corporation
    • Vadilal Chemicals Limited
    • ATCO
    • Axcel gases
    • Linde
    • IDeaspromo Solutions Private Limited.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Grade
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
    • PEST Analysis
    • PORTER’s Five Forces Analysis
    • Market Opportunities
    • Regulatory Scenario
    • Key Developments
    • Application Trend
  4. Global Sulfur Hexafluoride Market- Impact of Coronavirus (COVID-19) Pandemic
    • Overview
    • Factors Affecting Global Sulfur Hexafluoride Market
    • Impact Analysis
  5. Global Sulfur Hexafluoride Market, By Grade, 2019-2031, (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • Electronic Grade
      • Market Share Analysis, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • UHP Grade
      • Market Share Analysis, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • Standard Grade
      • Market Share Analysis, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
  6. Global Sulfur Hexafluoride Market, By Application, 2019-2031, (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • Power & Energy
      • Market Share Analysis, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • Medical
      • Market Share Analysis, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • Metal Manufacturing
      • Market Share Analysis, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • Electronics
      • Market Share Analysis, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
      • Segment Trends
    • Others
      • Market Share Analysis, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, 2019 - 2031
    • Segment Trends
  7. Global Sulfur Hexafluoride Market, By Region, 2019-2031, (US$ Mn & KT)
    • Introduction
      • Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
      • Y-o-Y Growth Analysis, For Region, 2019 - 2031
    • North America
      • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
      • Y-o-Y Growth Analysis, For Region, 2019 - 2031
      • Market Size and Forecast, By Grade, 2019- 2031, (US$ Mn & KT)
      • Market Size and Forecast, By Application, 2019- 2031, (US$ Mn & KT)
      • Market Size and Forecast, By Country, 2019- 2031, (US$ Mn & KT)
        • U.S.
        • Canada
    • Latin America
      • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
      • Y-o-Y Growth Analysis, For Region, 2019 - 2031
      • Market Size and Forecast, By Grade, 2019- 2031, (US$ Mn & KT)
      • Market Size and Forecast, By Application, 2019- 2031, (US$ Mn & KT)
      • Market Size and Forecast, By Country, 2019- 2031, (US$ Mn & KT)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
      • Y-o-Y Growth Analysis, For Region, 2019 - 2031
      • Market Size and Forecast, By Grade, 2019- 2031, (US$ Mn & KT)
      • Market Size and Forecast, By Application, 2019- 2031, (US$ Mn & KT)
      • Market Size and Forecast, By Country, 2019- 2031, (US$ Mn & KT)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
      • Y-o-Y Growth Analysis, For Region, 2019 - 2031
      • Market Size and Forecast, By Grade, 2019- 2031, (US$ Mn & KT)
      • Market Size and Forecast, By Application, 2019- 2031, (US$ Mn & KT)
      • Market Size and Forecast, By Country, 2019- 2031, (US$ Mn & KT)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Middle East & Africa
      • Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
      • Y-o-Y Growth Analysis, For Region, 2019 - 2031
      • Market Size and Forecast, By Grade, 2019- 2031, (US$ Mn & KT)
      • Market Size and Forecast, By Application, 2019- 2031, (US$ Mn & KT)
      • Market Size and Forecast, By Country, 2019- 2031, (US$ Mn & KT)
        • GCC Countries
        • Israel
        • Rest of Middle East & Africa
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis (3x3 Matrix)
    • Company Profiles
      • Advanced Specialty Gases
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Honeywell International
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Showa Denko K.K Matheson Tri-Gas, Inc.
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Ashirwad Gas
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Solvay
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Sol India
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Phoenix Gases Pvt. Ltd.
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Miragas Co., Ltd
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Rhodia Specialty Chemicals India Ltd
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Verni Gas Corporation
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Vadilal Chemicals Limited
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • ATCO
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Axcel gases
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • Linde
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
      • IDeaspromo Solutions Private Limited.
        • Company Overview
        • Grade Portfolio
        • Recent Developments/Updates
  9. Analyst Recommendation
    • Wheel of Fortune
    • Analyst View
    • Coherent Opportunity Map
  10. Section
    • References
    • Research Methodology
    • About Us and Sales Contact

* Browse 50 market data tables* and 40 figures* on “Global Sulfur Hexafluoride Market” – Global forecast to 2031.

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