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Sulfur Hexafluoride Market Size to Hit USD 354.04 Mn by 2027

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Sulfur Hexafluoride Market Size to Hit USD 354.04 Mn by 2027

December 01
14:10 2021
Sulfur hexafluoride Market to Grow at a CAGR of 6.2% to reach US$ 354.04Mn Million from 2019 to 2027

According to our latest market study on “COVID-19 Impact and Global SulfurHexafluoride Market to 2027 – Analysis by Grade (Electronic Grade, UHP Grade, and Standard Grade), End User (Power and Energy, Electronics, Metal Manufacturing, Medical, and Others), and Geography,” the market was valued at US$ 221.69 million in 2018 and is projected to reach US$ 354.04 million by 2027; it is expected to grow at a CAGR of 5.4% from2019 to 2027.The report highlightskey factors driving the market growth, and prominent players along with their developmentsin the market.

Sulfur hexafluoride (SF6) is non-toxic, inert, and potent greenhouse gas that possesses superior electrical insulation characteristics. This colorless and odorless gas is five-times heavier than air and exhibits a high dielectric strength and thermal stability. There is strong focus in developing countries on improving and strengthening the industrialsector through increased investments and supportive government measures, which is expected to boost the demand of the gas across several industrial bases. Sulfur hexafluoride has high demand in power, energy, electronic, medical, aerospace, and meteorology industries,among others.

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High Use of Sulfur Hexafluoride in Electronics Industry to Drive Sulfur HexafluorideMarket Growth at 5.4%CAGR during2019-2027

The thermal stability and high dielectric strength of sulfur hexafluoride proffer outstanding cooling and insulating properties. Its use in the form of a dielectric medium in capacitors, switchgears, circuit breakers, and other electric appliances is a major factor driving the growth of the market. The use of sulfur hexafluoride instead of other conventional dielectric media saves space in equipment, along with lowering its weight and ensuring its operational safety. The high molar heat capacity and low viscosity enable effective heat transfer through sulfur hexafluoride medium. Besides this, it is chemically inert, nonflammable, nontoxic, and noncorrosive, and it retains its gas form at low temperatures, which further support its growing demand in the electrical segment.

Impact of COVID-19 on Sulfur hexafluoride Market

The COVID-19 outbreak has been affecting economies and industries in various countries,including the US, Brazil, Russia,India, Italy,the UK, Iran, and Spain. Chemicals and materials is one the world’s major industries suffering serious disruptions in the form of supply chain breaks, events cancellations, and office shutdowns as a result of the lockdowns imposed in various countries to contain the disease spread.China is the global manufacturing hub and is the largest raw material supplier for various industries; it is also one of the worst-affected countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and adversely impacting the manufacturing and sales of various chemical and materials. These factors are likely to restrain the growth of various markets related to the chemicals and materials industry in next few financial quarters.

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Sulfur hexafluoride Market: Grade

The sulfur hexafluoride market, based on grade, is segmented into electronic grade, UHP grade, and standard grade.The standard grade segment accounted for the largest share of the global market in 2018, whereas the market for electronic-gradesulfur hexafluoride is expected to grow at the highest CAGR during the forecast period. The electronic-grade gas is highly pure and is considered to be suitable electronic etchant that is increasingly being deployed in the field of microelectronics. Electronic-grade sulfur hexafluorideis used in the production of particle accelerators, semiconductors, and integrated circuits. The gas creates optimal quantity of F radicals to eliminate Si-based layers from plasma chamber walls. Moreover, fluorinated gasses, such as sulfur hexafluoride, are known for their better insulation and arc extinguishing performance. In semiconductors industry, the electronic-grade sulfur hexafluoride is being widely used in the manufacturing of devices, integrated circuits (ICs), flat panels, photovoltaic panels, and microelectromechanical systems (MEMS). High density and large molecular size make it a suitable alternative to be used as etching gas in flat panel and MEMS production processes.

Sulfur hexafluoride Market: Competitive Landscape and Key Developments

Fujian ShaowuYongfei Chemical Co., Ltd;SHOWA DENKO K.K.;Chemix Gases;Solvay S.A;Kanto Denka Kogyo Co., Ltd;Air Liquide;Concorde Specialty Gases Inc;Iwatani Corporation;Linde plc;and Matheson Tri-Gas, Inc.; are among the well-established players in the global sulfur hexafluoride market.

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