Companies active in the sulfur hexafluoride
industry are increasingly using sulfur hexafluoride for the production of high voltage
circuit breakers, switchgears, and gas insulated components to meet the massive
demand of the electronics sector.
Future Market Insights, Dubai: The sulfur hexafluoride market is projected to grow at a healthy CAGR of 5.8% during the
forecast period (2019-2029). A significant increase in demand for variegated
applications in the electronics sectors is a primary factor driving the sales
of sulfur hexafluoride. Emerging players are investing in multiple business
strategies including product development and strategic collaborations to set a
strong foundation in the market. The rising demand from the medical industry
will continue to boost growth of sulfur hexafluoride market, reveals Future
Market Insights (FMI).
“Key players will adopt multipronged strategies including
joint ventures and product innovations. These strategies are key to strengthening
their foundation in the global sulfur hexafluoride market,” says the FMI
report sample with 250+ pages to gain in-depth market insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-11177
Sulfur Hexafluoride Market – Key Takeaways
- Electronic circuit development will remain a leading end use application in the market, displaying a high growth rate during the forecast period.
- Applications in the power and energy sector will gain substantial CAGR through the forecast period, owing to high demand from the semiconductor industry.
- Electronic grade sulfur hexafluoride will account for majority market revenue share.
- Asia Pacific will hold a leading position of 45.8% in the global market share, while Europe will display relatively slower growth.
Sulfur Hexafluoride Market – Key Driving Factors
- The high demand from the electronics industry in circuits as a dialectic medium is a major growth driver.
- Rising use of sulfur hexafluoride for a variety of non-invasive surgeries remains a key influencer.
- Rising consumption of sulfur hexafluoride in particle accelerators supports overall market growth.
- High demand from developing Asian economies is also a driver for global market growth.
Sulfur Hexafluoride Market – Key Constraints
- Strict regulations, particularly in the developed regions of Europe will remain a challenge for market supply and production.
- Increases in prices by major market players will also remain a major restraint for market players.
Explore the global sulfur hexafluoride market
report with 97 illustrative figures, 23 data tables and the table of contents.
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Key players in the sulfur hexafluoride market
are Liming Research Institute, Advanced Specialty Gases, Concorde Specialty
Gases Inc., Air Liquide, Chengdu Kemeite, Electronics Fluorocarbons LLC, Air
Products and Chemicals Inc., Axcel Gases, Fujian Shaowu Yongfei Chemical Co.
Ltd., American Gas Products, Honeywell International, Solvay S.A., and Praxair
Technology Inc. Majority of these players are investing in integrating the
latest technologies and reusing sulfur hexafluoride, to keep up with global
environmental regulations. Moreover, mergers, acquisitions, and collaborations
with small-scale, regional players is also a key strategy being adopted by market
More About the Report
The FMI’s market research report of 300 pages
offers comprehensive insights on sulfur hexafluoride market. The market is
analyzed on the basis of grade (technical and electronic), application (electrical
transmission and distribution, and semiconductor manufacturing) across five key
regions (North America, Latin America, Europe, Asia Pacific, and MEA).
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About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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