An Incisive, In-depth Analysis on the Sulfur Hexafluoride Market
This study offers a comprehensive, 360 degree analysis on the Sulfur Hexafluoride market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Sulfur Hexafluoride market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Sulfur Hexafluoride Market Pegged at 5.8% CAGR, Electronics Industry Accounts for Inordinate Consumption
Growth of sulfur hexafluoride market is propelled by heightened demand from electronics industry. Role of sulfur hexafluoride as a dialectic medium in manufacturing electronic appliances is strengthening its demand. The sulfur hexafluoride market is projected to expand at the rate of approximately 5.8% CAGR over the forecast period (2019-2029).
Moreover, the medical applications of sulfur hexafluoride are gaining traction in recent years. For instance, sulfur hexafluoride is extensively being used for non-invasive surgeries to examine the cause and location of the ailment. Hence, medical applications are significant contributors to the growth of sulfur hexafluoride market.
Electronic Grade Sulfur Hexafluoride to Witness Profuse Demand through 2029
On account of its extensive usage in high-voltage circuit breakers, electronic grade sulfur hexafluoride constitutes the majority revenue share. Growing demand for power & energy generation is complementing the growth of electronic grade sulfur hexafluoride market. Moreover, role of sulfur hexafluoride in manufacturing integrated circuits is projected to favour market growth.
The semiconductor industry in particular is boosting the demand for electronic grade sulfur hexafluoride where it is utilized as a chamber cleaning gas. Further, growing consumption of sulfur hexafluoride in particle accelerators is supplementing the market growth. Electronic grade sulfur hexafluoride is essential for clearing plasma chamber walls off silicon-based layers.
Sulfur Hexafluoride Demand Bolstered by Power & Energy Application
In terms of application, power & energy holds the leading market share. Use of sulfur hexafluoride in this segment is projected to witness an upward trend through the forecast period. Emerging Asian economies in particular have greater need for energy consumption which is strengthening the regional demand for sulfur hexafluoride.
Manufacturers continue to prefer sulfur hexafluoride for producing Gas Insulated Switchgear (GIS), switchgear, and high-voltage circuit breakers to meet the soaring demand in this sector. These components are utilized in power & energy generation plants. Hence SF6 is majorly driven by power & energy generation industry and is projected to continue the trend through 2029.
Asia Pacific Continues to Ratchet up Demand for Sulfur Hexafluoride
Flourishing manufacturing sector in emerging economies is to be attributed for robust growth of Asia Pacific sulfur hexafluoride market. The regional market is witnessing relatively less fluctuation in prices of sulfur hexafluoride. Local manufacturers thus continue to strive towards matching the huge demand for sulfur hexafluoride in the region.
Stricter regulatory norms in developed regions such as Europe have restricted the supply and production of sulfur hexafluoride. Hence, regional manufacturers have lowered the production volume thereby slowing the market growth. Further, the existing market players in developed regions have significantly increased the price.
Market Leaders Uptake Multifaceted Strategies for Strong Global Position
Some of the market players featured in this report are 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.
Major manufacturers continue to opt for multipronged strategies for unassailable competitive edge. Some of the key developmental strategies being adopted by industry leaders include collaborations, joint ventures, product development, and partnerships. This trend is projected to continue through 2029.
A recent market study published by Future Market Insights on the sulfur hexafluoride market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the market are obtained with maximum precision.
Sulfur Hexafluoride Market: Segmentation
The global sulfur hexafluoride market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Chapter 01 - Executive Summary
The report begins with an executive summary of the sulfur hexafluoride market, which includes key findings and statistical analysis of the market.
Chapter 02 - Market Overview
Readers can find the definition and detailed taxonomy of the market in this chapter, which will help them understand the basic information about the market.
Chapter 03 - Demand Analysis 2014-2018 and Forecast, 2019-2029
This section explains the global market value analysis and forecast for the market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical market, along with opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).
Chapter 04 - Market- Pricing Analysis
This section covers pricing analysis of the sulfur hexafluoride market at the regional level.
Chapter 05 - Market Background
This section explains the global market value analysis and forecast for the market during the forecast period of 2019-2029 and the key macroeconomic factors that are expected to influence growth of the market during the forecast period. This section also highlights the opportunity analysis for the market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the sulfur hexafluoride market.
Chapter 06 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Region
This chapter explains how the market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, Asia Pacific, Middle East and Africa (MEA).
Chapter 07 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Grade
This chapter provides details about the market based on grade, and has been classified into technical and electronic. Through this chapter, readers can understand market attractiveness analysis based on grade.
Chapter 08 - Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Application
This chapter provides details about the market based on application, and has been classified into electrical transmission and distribution, and semiconductor manufacturing. Through this chapter, readers can understand market attractiveness analysis based on application.
Chapter 9 - North America Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter includes detailed analysis of the growth of the North America market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on application, product type and countries in North America.
Chapter 10 - Latin America Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides the growth scenario of the market in countries in Latin American such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Chapter 11 - Europe Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Important growth prospects of the market in several countries such as Germany, the U.K., France, Spain, Italy, Russia, and the rest of Europe are included in this chapter.
Chapter 12 - MEA Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides information about how the market is anticipated to grow in major countries in the MEA region such as GCC countries, South Africa, Turkey, Northern Africa, and the rest of MEA during the forecast period.
Chapter 13 - Asia Pacific Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Leading countries in the Asia Pacific region are prime subjects of assessment to obtain growth prospects of the Asia Pacific market in this chapter. Readers can find detailed information about growth parameters of the Asia Pacific market during the forecast period.
Chapter 14 - Emerging Countries Market Analysis 2014-2018 and Forecast 2019-2029
This chapter explains how the market is anticipated to grow across various emerging countries such as China, and India.
Chapter 15 - Market Structure Analysis
In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the market, along with their market presence analysis by region and product portfolio.
Chapter 16 - Competition Analysis
In this chapter, readers can find detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in this report are Advanced Specialty Gases, Air Liquide, Air Products and Chemicals, Inc., Electronic Fluorocarbons, LLC, Axcel Gases, American Gas Products, Praxair Technology, Inc., Solvay S.A., Honeywell International, Fujian Shaowu Yongfei Chemical Co. Ltd., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.
Chapter 17 - Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the market report.
Chapter 18 - Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the market. The report focuses on sulfur hexafluoride consumed in the Chemicals & Materials industry.