Sulfur Hexafluoride (SF6) Market Expanding At A CAGR Of 6.0% For The Forecast Period From 2019 To 2025 : Grand View Research Inc.

Sulfur Hexafluoride (SF6) Market

San Francisco, 19 November 2019: The Report Sulfur Hexafluoride Market Size, Share & Trends Analysis Report By Product (Electronic, UHP, Standard), By Application (Power & Energy, Medical, Manufacturing), And Segment Forecasts, 2019 – 2025

The global sulfur hexafluoride market size is anticipated to reach USD 309.9 million by 2025, registering a CAGR of 6.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing product demand as an ideal quenching material in distribution voltage switchgear, linear particle accelerators & generators, high voltage circuit breakers, and radar equipment is expected to drive demand.

The market is primarily driven by the growing use of sulfur hexafluoride in Gas Insulated Substation (GlS) equipment designed to contain the gas in sealed pressure systems. Strong tendency to absorb free electrons and highly electronegative nature renders SF6 suitable for switchgears used in high or ultra-high voltage transmission lines.
OSHA and National Institute for Occupational Safety and Health (NIOSH) have categorized sulfur hexafluoride as a harmful element on account of its negative impact on the environment and the human body. The hazardous nature of the product along with high maintenance and handling costs is expected to hamper the product demand.

Companies are actively investing in R&D to develop innovative cost saving manufacturing processes. Companies such as Kanto Denka Kogyo Co., Ltd., Air Products & Chemicals, Inc., and Showa Denko K.K., are investing in the R&D activities in order to come up with environment-friendly manufacturing processes and gain competitive edge in the market.

Access Research Report of Sulfur Hexafluoride (SF6) Market @ https://www.grandviewresearch.com/industry-analysis/sulfur-hexafluoride-sf6-market

Further key findings from the report suggest:
  • Standard grade SF6 was the dominant product segment in 2018 with a percentage share of 85.8% as it is used in the manufacturing of switchgear and circuit breakers for power & energy generation plants
  • UHP grade SF6 was the fastest growing segment with a CAGR of 7.4% from 2019 to 2025 owing to its extensive use in medical surgeries and manufacturing of electrical appliances
  • Power & energy application segment accounted for the largest revenue share and is expected to register a CAGR of 5.9% over the forecast period owing to the increasing use of SF6 in high voltage equipment including transformers, switches, and capacitors
  • Asia Pacific dominated the industry demand in 2018 accounting for 34.3% of the revenue share and is projected to continue its dominance owing to the high demand of the product in electronics manufacturing
  • Key players in the sulfur hexafluoride market include The Linde Group, Solvay S.A.,Air Liquide S.A.,Air Products and Chemicals, Inc., Concorde Specialty Gases, Inc. and Advanced Specialty Gases
Browse more reports of this category by Grand View Research at: https://www.grandviewresearch.com/industry/petrochemicals-and-downstream-derivatives

Grand View Research has segmented the sulfur hexafluoride market on the basis of product, application and region:
Sulfur Hexafluoride Product Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)
  • Electronic Grade
  • UHP Grade
  • Standard Grade
Sulfur Hexafluoride Application Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)
  • Power & Energy
  • Medical
  • Metal Manufacturing
  • Electronics
  • Others
Sulfur Hexafluoride Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2014 - 2025)
  • North America
  • Europe
  • Asia Pacific
  • Central & South America
  • Middle East and Africa
Access Press Release of Sulfur Hexafluoride (SF6) Market @ https://www.grandviewresearch.com/press-release/global-sulfur-hexafluoride-sf6-market

About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com

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