Global Sulfur Hexafluoride (SF6) Market to Reach US$277.4 Million by the Year 2026

Abstract: Global Sulfur Hexafluoride (SF6) Market to Reach US$277. 4 Million by the Year 2026 . SF6 or sulfur hexafluoride is an inorganic, colorless, inflammable, and potent greenhouse gas and an extraordinary electrical insulator.

New York, Jan. 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Sulfur Hexafluoride (SF6) Industry” – https://www.reportlinker.com/p06033029/?utm_source=GNW
SF6 possesses an octahedral geometry comprising six fluorine particles of a central sulfur atom and is usually transported as the liquefied, compressed gas. Thus SF6 is generally utilized in electrical transformers, substations, and switchgear as arc quenching, cooling medium, and electrical insulation. Growth in the global market is set to be driven by increased demand for SF6 as the dielectric medium for electronic and electrical appliances. In the medical sector, SF6 is excessively used in non-invasive surgeries and in echocardiograms for examining and determining the exact cause and location of an ailment. SF6`s growing demand as the perfect quenching material in linear particle generators & accelerators, distribution voltage switchgear, radar equipment, and circuit breakers of high-voltage are anticipated to drive the SF6 demand. SF6 market is majorly propelled by SF6`s increased usage in GIS or gas insulated substation equipment created to contain gas using sealed pressure systems. A strong inclination towards absorbing free electrons and high electronegative nature proclaims SF6 ideal for switchgear utilized in ultra-high or high voltage transmission lines.

Amid the COVID-19 crisis, the global market for Sulfur Hexafluoride (SF6) estimated at US$195.8 Million in the year 2020, is projected to reach a revised size of US$277.4 Million by 2026, growing at a CAGR of 6% over the analysis period. Standard, one of the segments analyzed in the report, is projected to grow at a 5.8% CAGR to reach US$248.8 Million by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Ultra High Purity segment is readjusted to a revised 7.1% CAGR for the next 7-year period. This segment currently accounts for a 9.3% share of the global Sulfur Hexafluoride (SF6) market. The demand for standard grade SF6 continues to grow driven by rise in production of high-voltage circuit breakers, which are used for energy & power generation purposes. Standard grade SF6 is also used in electronic equipment such as high voltage & switchgear circuit breakers due to exceptional properties such as high dielectric strength, thermal stability, and excellent cooling properties. On the other hand, ultra-high purity (UHP) grade SF6 is extensively utilized in non-invasive medical surgeries and electronic appliances, as UHP grade is the SF6`s purest form without any contamination, which is essential in the medical industry to ensure patient safety.

The U.S. Market is Estimated at $40.2 Million in 2021, While China is Forecast to Reach $60 Million by 2026

The Sulfur Hexafluoride (SF6) market in the U.S. is estimated at US$40.2 Million in the year 2021. The country currently accounts for a 19.76% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$60 Million in the year 2026 trailing a CAGR of 7.1% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.4% and 5.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR while Rest of European market (as defined in the study) will reach US$19.1 Million by the end of the analysis period. Asia-Pacific represents a major regional market for SF6. Th region`s growth is attributed to capacity installations and additions of new power plants to satisfy the growing electricity demand. Asia-Pacific benefits from less fluctuations in SF6 pricing in comparison with other regions, because of local industry manufacturers` bulk manufacturing to satisfy the growing SF6 demand from emerging nations. North American SF6 market is anticipated to be driven by different developing economies supported by a huge industrial presence, rising disposable income, and growing population.

Electronic Segment to Reach $14.2 Million by 2026

Electronic grade SF6 is witnessing growth led by the increased deployment of highly pure electronic grade SF6 gas, which is considered an ideal electronic etchant in the microelectronics segment. The electric grade SF6 is excessively utilized in the refrigeration industry as the refrigerant has a cooling range of -45°C to 0°C for supporting the production process, due to which the electronic grade SF6 demand is growing and in turn propelling the growth of SF6 market. In the global Electronic segment, USA, Canada, Japan, China and Europe will drive the 6.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$7.3 Million in the year 2020 will reach a projected size of US$11.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Million by the year 2026, while Latin America will expand at a 6.8% CAGR through the analysis period.

Select Competitors (Total 47 Featured)

Story continues

• Air Product

• Asahi Glass

• ChemChina

• Concorde Specialty Gases

• Fujian Shaowu Yongfei

• Honeywell

• Kanto Denka Kogyo

• Linde Group

• Matheson Tri-Gas

• Praxair

• Showa Denko

• Solvay

Read the full report: https://www.reportlinker.com/p06033029/?utm_source=GNW

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of COVID-19 Pandemic and Looming Global Recession
2020: A Year of Disruption & Transformation
As the Race between the Virus & Vaccines Intensifies, Where is
the World Economy Headed in 2021?
EXHIBIT 1: World Economic Growth Projections (Real GDP, Annual
% Change) for 2020 through 2022
Energy Sector: COVID-19 Pandemic Brings Numerous Challenges
EXHIBIT 2: Global Energy Market Growth Outlook (In %) for Years
2019 through 2025
Opportunities for the Power & Energy Sector in the Post-
Pandemic Era
Industrial Activity Remains Subdued, Inducing Weakness into SF6
Market
EXHIBIT 3: Global PMI Index Points for the Years 2018, 2019 & 2020
An Introduction to Sulfur Hexafluoride (SF6)
Various Uses of SF6
Global Market Prospects & Outlook
Standard-grade SF6 Leads, UHP-grade SF6 Poised for High Growth
Electronic-Grade SF6 – Steady Growth Outlook
Power & Energy: The Largest Application Market
Developing Regions to Spearhead Long-term Growth
Competition
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Rising Demand for Electricity Worldwide to Fuel Need for SF6
EXHIBIT 4: Projected Global Demand for Electricity (MWh): 2015,
2020, 2025, 2030 & 2035
EXHIBIT 5: Global Primary Energy Consumption (Billion toe):
Growth Trajectory for the Period 1990-2040
EXHIBIT 6: Global Electricity Generation in Billion kWh by Fuel
Type for the Years 2010, 2020, 2030, 2040 and 2050
EXHIBIT 7: China and India Lead the Global Rise in Demand for
Electricity: Change in Gross Electricity Demand in TWh for
2017-50
Pandemic?s Impact on Utilities Affects Demand for SF6
EXHIBIT 8: COVID-19 Impacts Electricity Consumption: Average
Annual Growth Rate of Electricity Demand by Select Region/
Country for 2001-06, 2006-10, 2011-15 and 2020
Growing Use of SF6 in Various Electrical Equipment
EXHIBIT 9: Growth of Gas-Insulated Switchgear Market to Drive
Opportunities for SF6: Global Gas-Insulated Switchgear Market
(in US$ Billion) for the Years 2020, 2023 and 2025
Focus on Increasing Renewable Energy Contribution to Global
Energy Mix Augurs Well for SF6 Market
EXHIBIT 10: Global Energy Mix: 1990 Vs 2020 Vs 2030
EXHIBIT 11: Global Renewable Energy Breakdown by Type: 2010 Vs
2030
EXHIBIT 12: Global Energy Production: Breakdown of Electricity
(Billion Kilowatt Hours) and Percentage Share by Energy Source
(2030 & 2040)
SF6 Circuit Breakers Market Poised for Strong Growth
Expanding Use of SF6 in Medical Applications Bodes Well for
Market Growth
COVID-19 Pandemic Impacts Ophthalmology Procedures
EXHIBIT 13: US Ophthalmology Procedures Monthly Growth: 2020 Vs
2019
EXHIBIT 14: Global Burden of Eye Diseases (In Millions): 2020
EXHIBIT 15: Global Causes of Visual Impairment: Percentage
Breakdown by Number of Cases
EXHIBIT 16: Global Population with Glaucoma and Age-Related
Macular Degeneration (AMD) in Millions for 2016-2030
Demographic Shift Drives Demand for Ophthalmology Procedures,
Presenting Opportunities for SF6 Market
EXHIBIT 17: Global Aging Population Statistics for the 65+ Age
Group in Million by Geographic Region for the Years 2019,
2025, 2035 and 2050
Fluorination of Medical-Grade PMMA by SF6 Plasma Treatment
SF6 Holds Prominence in Foundry and Metal Casting Applications
EXHIBIT 18: Global Metal Stampings, Forgings, and Castings
Market Breakdown by Product Segment (in %): 2020 and 2027
EXHIBIT 19: Global Primary Production of Magnesium (in Thousand
Metric Tons) by Country for 2018 and 2019
Growing Demand for Electronics Products and Subsequent Rise in
Electronic Production Activities Enhances Need for SF6
EXHIBIT 20: Global Opportunity for Consumer Electronics (In US$
Million) for Years 2020, 2022, 2024, 2026 and 2028
EXHIBIT 21: Global MEMS Market Size (in US$ Million) by Region/
Country for 2020 and 2027
EXHIBIT 22: Global Semiconductor Sales (in $ Billions) by
Region/Country for Oct-2020 and Oct-2021
Concerns Over Environmental and Health Implications of SF6:
A Key Hurdle
Controlling SF6 Usage
With Use and Emissions of SF6 on the Rise, Efforts to Create
Effective Alternatives Growing

4. GLOBAL MARKET PERSPECTIVE
Table 1: World Current & Future Analysis for Sulfur
Hexafluoride (SF6) by Geographic Region – USA, Canada, Japan,
China, Europe, Asia-Pacific, Latin America, Middle East and
Africa Markets – Independent Analysis of Annual Sales in US$
Thousand for Years 2020 through 2027 and % CAGR

Table 2: World Historic Review for Sulfur Hexafluoride (SF6) by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 3: World 15-Year Perspective for Sulfur Hexafluoride
(SF6) by Geographic Region – Percentage Breakdown of Value
Sales for USA, Canada, Japan, China, Europe, Asia-Pacific,
Latin America, Middle East and Africa Markets for Years 2012,
2021 & 2027

Table 4: World Current & Future Analysis for Standard by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 5: World Historic Review for Standard by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 6: World 15-Year Perspective for Standard by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2021 & 2027

Table 7: World Current & Future Analysis for Ultra High Purity
by Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 8: World Historic Review for Ultra High Purity by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 9: World 15-Year Perspective for Ultra High Purity by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 10: World Current & Future Analysis for Electronic by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 11: World Historic Review for Electronic by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 12: World 15-Year Perspective for Electronic by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 13: World Current & Future Analysis for Power & Energy by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 14: World Historic Review for Power & Energy by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 15: World 15-Year Perspective for Power & Energy by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 16: World Current & Future Analysis for Medical by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2020 through 2027 and % CAGR

Table 17: World Historic Review for Medical by Geographic
Region – USA, Canada, Japan, China, Europe, Asia-Pacific, Latin
America, Middle East and Africa Markets – Independent Analysis
of Annual Sales in US$ Thousand for Years 2012 through 2019 and
% CAGR

Table 18: World 15-Year Perspective for Medical by Geographic
Region – Percentage Breakdown of Value Sales for USA, Canada,
Japan, China, Europe, Asia-Pacific, Latin America, Middle East
and Africa for Years 2012, 2021 & 2027

Table 19: World Current & Future Analysis for Metal
Manufacturing by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR

Table 20: World Historic Review for Metal Manufacturing by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 21: World 15-Year Perspective for Metal Manufacturing by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

Table 22: World Current & Future Analysis for Other
Applications by Geographic Region – USA, Canada, Japan, China,
Europe, Asia-Pacific, Latin America, Middle East and Africa
Markets – Independent Analysis of Annual Sales in US$ Thousand
for Years 2020 through 2027 and % CAGR

Table 23: World Historic Review for Other Applications by
Geographic Region – USA, Canada, Japan, China, Europe,
Asia-Pacific, Latin America, Middle East and Africa Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 24: World 15-Year Perspective for Other Applications by
Geographic Region – Percentage Breakdown of Value Sales for
USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America,
Middle East and Africa for Years 2012, 2021 & 2027

III. MARKET ANALYSIS

UNITED STATES
Table 25: USA Current & Future Analysis for Sulfur Hexafluoride
(SF6) by Grade – Standard, Ultra High Purity and Electronic –
Independent Analysis of Annual Sales in US$ Thousand for the
Years 2020 through 2027 and % CAGR

Table 26: USA Historic Review for Sulfur Hexafluoride (SF6) by
Grade – Standard, Ultra High Purity and Electronic Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 27: USA 15-Year Perspective for Sulfur Hexafluoride (SF6)
by Grade – Percentage Breakdown of Value Sales for Standard,
Ultra High Purity and Electronic for the Years 2012, 2021 &
2027

Table 28: USA Current & Future Analysis for Sulfur Hexafluoride
(SF6) by Application – Power & Energy, Medical, Metal
Manufacturing and Other Applications – Independent Analysis of
Annual Sales in US$ Thousand for the Years 2020 through 2027
and % CAGR

Table 29: USA Historic Review for Sulfur Hexafluoride (SF6) by
Application – Power & Energy, Medical, Metal Manufacturing and
Other Applications Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 30: USA 15-Year Perspective for Sulfur Hexafluoride (SF6)
by Application – Percentage Breakdown of Value Sales for Power &
Energy, Medical, Metal Manufacturing and Other Applications
for the Years 2012, 2021 & 2027

CANADA
Table 31: Canada Current & Future Analysis for Sulfur
Hexafluoride (SF6) by Grade – Standard, Ultra High Purity and
Electronic – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 32: Canada Historic Review for Sulfur Hexafluoride (SF6)
by Grade – Standard, Ultra High Purity and Electronic Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 33: Canada 15-Year Perspective for Sulfur Hexafluoride
(SF6) by Grade – Percentage Breakdown of Value Sales for
Standard, Ultra High Purity and Electronic for the Years 2012,
2021 & 2027

Table 34: Canada Current & Future Analysis for Sulfur
Hexafluoride (SF6) by Application – Power & Energy, Medical,
Metal Manufacturing and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 35: Canada Historic Review for Sulfur Hexafluoride (SF6)
by Application – Power & Energy, Medical, Metal Manufacturing
and Other Applications Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 36: Canada 15-Year Perspective for Sulfur Hexafluoride
(SF6) by Application – Percentage Breakdown of Value Sales for
Power & Energy, Medical, Metal Manufacturing and Other
Applications for the Years 2012, 2021 & 2027

JAPAN
Table 37: Japan Current & Future Analysis for Sulfur
Hexafluoride (SF6) by Grade – Standard, Ultra High Purity and
Electronic – Independent Analysis of Annual Sales in US$
Thousand for the Years 2020 through 2027 and % CAGR

Table 38: Japan Historic Review for Sulfur Hexafluoride (SF6)
by Grade – Standard, Ultra High Purity and Electronic Markets –
Independent Analysis of Annual Sales in US$ Thousand for Years
2012 through 2019 and % CAGR

Table 39: Japan 15-Year Perspective for Sulfur Hexafluoride
(SF6) by Grade – Percentage Breakdown of Value Sales for
Standard, Ultra High Purity and Electronic for the Years 2012,
2021 & 2027

Table 40: Japan Current & Future Analysis for Sulfur
Hexafluoride (SF6) by Application – Power & Energy, Medical,
Metal Manufacturing and Other Applications – Independent
Analysis of Annual Sales in US$ Thousand for the Years 2020
through 2027 and % CAGR

Table 41: Japan Historic Review for Sulfur Hexafluoride (SF6)
by Application – Power & Energy, Medical, Metal Manufacturing
and Other Applications Markets – Independent Analysis of Annual
Sales in US$ Thousand for Years 2012 through 2019 and % CAGR

Table 42: Japan 15-Year Perspective…