NEW
YORK, June 27, 2024 /PRNewswire/ -- The global
sulfur hexafluoride (SF6) market size is estimated to grow by
USD 111.9 million from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of 7.45% during the forecast period. Rising
demand for electricity in developing nations is driving market
growth, with a trend towards increasing interest in
semiconductor devices. However, hazardous impact of sulfur
hexafluoride on environment poses a challenge. Key market
players include Advanced Specialty Gases LLC, AGC Inc., Air Liquide
SA, Air Products and Chemicals Inc., ATCO Atmospheric And
Speciality Gases Pvt. Ltd., Axcel Gases, Concorde Specialty Gases
Inc., DILO Co. Inc., Electronic Fluorocarbons LLC., Fujian Shaowu
Yongfei Chemical Co. Ltd., Kanto Denka Kogyo Co. Ltd., Linde Plc,
Mitsubishi Chemical Group Corp., Qingdao Ruiming Blue Sky Energy
Co. Ltd., Resonac Holdings Corp., SEMA Gases, Shouguang Weidong
Chemical Co. Ltd., SicgilSol India Pvt. Ltd., Solvay SA, and Vizag
Chemical International.
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report
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Electronic
grade, UHP grade, and Standard grade), End-user (Power and energy,
Metal manufacturing, Medical, Electronics, and Others), and
Geography (APAC, North America, Europe, Middle East and Africa, and
South America)
|
Region
Covered
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Key companies
profiled
|
Advanced Specialty
Gases LLC, AGC Inc., Air Liquide SA, Air Products and Chemicals
Inc., ATCO Atmospheric And Speciality Gases Pvt. Ltd., Axcel Gases,
Concorde Specialty Gases Inc., DILO Co. Inc., Electronic
Fluorocarbons LLC., Fujian Shaowu Yongfei Chemical Co. Ltd., Kanto
Denka Kogyo Co. Ltd., Linde Plc, Mitsubishi Chemical Group Corp.,
Qingdao Ruiming Blue Sky Energy Co. Ltd., Resonac Holdings Corp.,
SEMA Gases, Shouguang Weidong Chemical Co. Ltd., SicgilSol India
Pvt. Ltd., Solvay SA, and Vizag Chemical International
|
Key Market Trends Fueling Growth
Sulfur hexafluoride (Sf6) is a crucial gas in the semiconductor
industry, particularly for manufacturing ICs, flat panels,
photovoltaic panels, and MEMS. Its high density and large molecule
size make it ideal for etching in flat-panel displays and MEMS
production. The semiconductor sector demands high gas purity to
prevent contamination and ensure high resolution. Market growth is
driven by increasing customer demand for ICs, smartphones, and
flat-panel devices. Sf6 helps address challenges like electrical
losses, poor reliability, and stress in IC manufacturing, ensuring
efficient production and minimizing wafer damage.
The Sulfur Hexafluoride (SF6) market has seen significant growth
in recent years due to its unique properties. This compound is used
primarily as an electrical insulator and as a cooling agent in
various industries. The demand for SF6 is driven by the power
generation sector, particularly in the production of high voltage
electrical equipment. The use of SF6 in the petroleum industry is
also on the rise, as it is an effective agent for enhancing oil
recovery. The trend towards more efficient and sustainable energy
solutions is expected to continue driving the demand for SF6 in the
coming years. The market for SF6 is expected to grow steadily, with
increasing demand from the power and petroleum industries. The use
of SF6 in other applications, such as in the semiconductor
industry, is also expected to contribute to the market growth. The
market for SF6 is expected to remain strong, with continued growth
in the power and petroleum sectors.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The Sulfur Hexafluoride (Sf6) market focuses on reducing
emissions from the electrical power industry due to Sf6's high
global warming potential and long atmospheric lifetime. The US EPA
and California Air Resources Board have initiated programs to
manage Sf6 emissions, with the US EPA promoting cost-effective
solutions like leak detection and repairs, and recycling.
Regulations, such as those imposed by the California Air Resources
Board, aim to phase out Sf6 use in gas-insulated equipment. Despite
these efforts, the toxicity of Sf6 makes employee training
challenging, potentially hindering market growth.
- The Sulfur Hexafluoride (SF6) market faces several challenges.
Electric utilities and power generation industries rely on SF6 for
its excellent electrical insulating properties. However, its high
global warming potential is a significant concern. Regulations aim
to limit its usage due to its impact on the environment.
Additionally, the high cost of SF6 compared to alternative gases is
a challenge for some industries. The complex manufacturing process
also adds to the cost. Furthermore, the handling and disposal of
SF6 require specialized knowledge and equipment, posing safety and
logistical challenges. Despite these challenges, SF6 continues to
be a preferred choice for high-voltage electrical applications due
to its unique properties.
For more insights on driver and
challenges - Download a Sample Report
Segment Overview
This sulfur hexafluoride (sf6) market report extensively covers
market segmentation by
- Product
- 1.1 Electronic grade
- 1.2 UHP grade
- 1.3 Standard grade
- End-user
- 2.1 Power and energy
- 2.2 Metal manufacturing
- 2.3 Medical
- 2.4 Electronics
- 2.5 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Electronic grade- The Sulfur Hexafluoride (SF6)
market is significant due to its extensive usage in various
industries. It is a potent insulating gas, primarily employed in
electrical equipment and switchgears. SF6 offers excellent
electrical insulation properties, making it an indispensable
component in high-voltage power transmission. Additionally, its low
toxicity and non-flammability make it a preferred choice in
industrial applications. The global SF6 market is expected to grow
steadily, driven by increasing demand for reliable and efficient
electrical infrastructure.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Research Analysis
The Sulfur Hexafluoride (Sf6) market encompasses the production,
application, and trade of this odorless, colorless, nontoxic gas in
various industries. Sf6 is extensively used in the electric power
sector for insulating gas-insulated substations and switchgear due
to its superior dielectric properties and ability to withstand high
voltages. In generating stations, Sf6 is employed as a warming gas
to maintain equipment reliability and reduce emissions. The
automotive sector also procures Sf6 at the procurement level for
its use in refrigeration systems. Sf6's unique properties, such as
being odorless, colorless, nontoxic, and non-reactive with water,
make it an ideal choice for numerous applications. Silicides are
sometimes used in the production of Sf6, further expanding its
industrial relevance.
Market Research Overview
The Sulfur Hexafluoride (Sf6) market refers to the global trade
of this essential industrial gas. Sulfur Hexafluoride is a
colorless, odorless, and non-flammable gas, primarily used as an
electrical insulator and as a refrigerant. Its unique properties,
such as high thermal stability and excellent dielectric strength,
make it an indispensable component in various industries, including
power generation, semiconductor manufacturing, and MRI systems. The
global Sulfur Hexafluoride market is driven by the increasing
demand for efficient electrical insulation and refrigeration
systems. Additionally, the growing adoption of Sulfur Hexafluoride
in the semiconductor industry due to its excellent insulating
properties further boosts market growth. The market is expected to
witness significant growth in the coming years due to these factors
and the ongoing technological advancements in the field of gas
technology.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Electronic Grade
- UHP Grade
- Standard Grade
- End-user
-
- Power And Energy
- Metal Manufacturing
- Medical
- Electronics
- Others
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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