Industry Outlook and Trend Analysis
The Sulfur
Hexafluoride (SF6) Market was worth USD 164.14 million in 2014 and is
expected to reach approximately USD 276.16 million by 2023, while registering
itself at a compound annual growth rate (CAGR) of 5.95% during the forecast
period. Increasing demand for the gas as a dielectric medium in electrical
industry is anticipated to drive the business development. The developing usage
of the product in power and energy industry for the assembling of high voltage
transformers, circuit breakers, and switchgears is foreseen to impel the
demand. The acquisition cost of raw materials usage as a part of the generation
of SF6, for example, fluorine, sulfur, cobalt (III) fluoride, and bromine is
high because of their risky nature and complex assembling forms. This factor,
hence, in the long run expands the creation cost of the end use SF6.
Competitive Insights
The leading players in the
market are Showa Denko, KANTO DENKA KOGYO CO LTD, Matheson, Honeywell and
Advanced Specialty Gases. The major players in the market are profiled in
detail in view of qualities, for example, company portfolio, business
strategies, financial overview, recent developments, and share of the overall
industry.
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The Sulfur Hexafluoride (SF6) Market is segmented as follows-
By Product:
UHP Grade
Standard Grade
Electronic Grade
By Application:
Medical
Electronics
Power & Energy
Metal Manufacturing
Others
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Regional Outlook and Trend Analysis
Central & South America
is anticipated to be the quickest developing business sector for SF6 developing
significantly over the conjecture time frame predominantly because of the
developing urbanization and infrastructural development in the area, which is
setting off the interest for electrical equipment, and, in, turn, boosting the
demand for SF6.
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Russia
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Southeast Asia
Rest of Asia-Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in
2014 and forecast from 2015 to 2023?
What will be the industry
market growth from 2015 to 2023?
What are the major drivers,
restraints, opportunities, challenges, and industry trends and their impact on
the market forecast?
What are the major segments
leading the market growth and why?
Which are the leading
players in the market and what are the major strategies adopted by them to
sustain the market competition?
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