The global sulfur hexafluoride market is
expected to reach USD 309.9 million by 2025, according to a new report by Grand
View Research, Inc. Rising demand for the product for use as an ideal quenching
material in circuit breakers and switchgear manufacturing is expected to have a
positive impact on the industry growth.
Key industry participants, have integrated
their operations across the value chain by indulging in raw material
manufacturing as well as distribution sectors in order to gain a competitive
edge in the industry. Active investments in the R&D of the product to
reduce the environmental impact and boost efficiency are projected to increase
the competitive rivalry among the manufacturers.
In June 2014, ABB developed a patented technology to
recycle contaminated SF6 gas based on the energy proficient cryogenic
process. The use of recycled sulfur hexafluoride gas is expected to mitigate
carbon emissions by about 30% and save costs. These factors are, therefore,
expected to fuel the industry growth over the forecast period.
The stringent regulations imposed on the manufacturing
and use of sulfur hexafluoride (SF6) are expected to be a key threat to the industry
players. Moreover, the high initial investments and operational costs
associated with the machinery are further expected to trigger the entry
barrier, thereby lowering the threat of new entrants over the forecast period.
Full research report on sulfur
hexafluoride market analysis:
https://www.grandviewresearch.com/industry-analysis/sulfur-hexafluoride-sf6-market
Further key findings from the report suggest:
·
Standard grade SF6 is expected to register a CAGR of 5.7% over
the projected period, owing to its high demand for the manufacturing of circuit
breakers and switchgear for power & energy generation plants
·
Power & energy was the dominant
application segment in 2016 with over 75% SF6 utilized in the manufacturing of high voltage
equipment including coaxial cables, transformers, switches, and capacitors
·
The product is expected to grow at a CAGR
of 6.0% in metal manufacturing application, owing to its high demand for
prevention of burning and rapid oxidation of molten metals in magnesium
manufacturing industry
·
Asia Pacific held the largest market share
of over 34% in 2016 and is expected to dominate the market over the forecast
period on account of high investments in energy & power sector in the
region
·
Solvay S.A., Air Liquide S.A., The Linde
Group, Air Products and Chemicals, Inc., and Praxair Technology, Inc. have
adopted production capacity expansion strategies to serve increasing consumer
demand and gain larger market shares
View more reports of this category by Grand View Research
at: https://www.grandviewresearch.com/industry/specialty-bio-based-and-water-soluble-polymers
Grand View Research has segmented the
global sulfur hexafluoride market report on the basis of product, application,
and region:
Sulfur Hexafluoride Product Outlook (Revenue, USD
Thousands; 2014 - 2025)
·
Electronic Grade
·
UHP Grade
·
Standard Grade
Sulfur Hexafluoride Application Outlook (Revenue, USD
Thousands; 2014 - 2025)
·
Power & Energy
·
Medical
·
Metal Manufacturing
·
Electronics
·
Others
Sulfur Hexafluoride Regional Outlook (Revenue, USD
Thousands; 2014 - 2025)
·
North America
o U.S.
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Central & South America
o Brazil
·
The Middle East & Africa
Access
press release by Grand View Research: 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.