Global Sulfur Hexafluoride Market Overview:
Sulfur hexafluoride (SF6) is an inorganic gas made up of sulfur and fluorine. It has six fluoride atoms bound to one fluorine atom. It is a colorless, odorless, and non-combustible gas. Sulfur Hexafluoride generally shipped in liquified form. Sulfur Hexafluoride used in magnesium manufacturing and also semiconductor manufacturing. Primarily Sulfur Hexafluoride is used in the application of the electrical power industry for insulation (dielectric medium). With the rise of energy applications, the demand for Sulfur Hexafluoride is also expected to increase.
Growth Drivers
- Need of Sulfur Hexafluoride in High-Voltage and Medium-High Voltage Power Circuit Breakers
- The demand for Sulfur Hexafluoride for The Manufacturing of Semiconductors
Market Trends
- Adoption of Sulfur Hexafluoride in Medical Technology
Roadblocks
- Sulfur Hexafluoride Has Global Warming Potential
Opportunities
- Growing Energy Needs Across the World Will Increase the Demand of Sulfur Hexafluoride
- Increasing Manufacturing of Devices Like Integrated Circuits Will Increase the Demand of Sulfur Hexafluoride
Challenges
- Sulfur Hexafluoride Has Health Risks Associated with It
- Stringent Regulation on The Use of Sulfur Hexafluoride
Competitive Landscape:
Some of the key players profiled in the report are Advanced Specialty Gases (United States), Honeywell International (United States), Solvay (Belgium), Linde Group (Ireland), Showa Denko K.K (Japan), Matheson Tri-Gas (United States), Praxair (United States), Suzhou Jinhong Gas Company (China), American Gas Products (United States) and Concorde Specialty Gases (United States). Considering Market by Packaging, the sub-segment i.e. Cylinders will boost the Sulfur Hexafluoride market. Considering Market by Grade, the sub-segment i.e. Technical Grade will boost the Sulfur Hexafluoride market.
Latest Market Insights:
On 6th Nov 2019, Advanced Specialty Gases, located in the United States, was acquired by Iwatani Corporation of America, a wholly-owned subsidiary of Iwatani Corporation. The transaction's financial terms were not disclosed. Advanced Specialty Gases is a leading supplier of a diverse range of specialty gases and services capable of servicing consumers all over the world, and is known for its unwavering dedication to its customers. The purchase marks Iwatani's entrance into the specialty gases industry in the United States.
The United States Environmental Protection Agency has set regulations to decrease the emission of Sulfur Hexafluoride due to its global warming effects. According to those regulations, EPA establishes an annual maximum emission rate. It requires GIS owners to reduce their SF6emission rate by 1% per year over a ten-year period from 2011 to 2020 and from 2020, these regulations set maximum emission rates not to exceed 1%.
What Can be Explored with the Sulfur Hexafluoride Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Sulfur Hexafluoride Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Sulfur Hexafluoride
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Sulfur Hexafluoride market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Sulfur Hexafluoride market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Sulfur Hexafluoride Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.