The Sulfur Hexafluoride Market size is to grow by USD 80.95 million from 2022 to 2027| Rising demand for electricity in developing nations boosts the market growth - Technavio

NEW YORK, June 30, 2023 /PRNewswire/ -- The sulfur hexafluoride market size is estimated to grow by USD 80.95 million from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 5.87% during the forecast period. However, the growth momentum will be progressing. For more insights on the historical (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Sulfur Hexafluoride Market - Segmentation Assessment
Segment Overview
Technavio has segmented the market based on the product (electronic grade, UHP grade, and standard grade), and end-user (power and energy, metal manufacturing, medical, electronics, and others)

The market share growth in the electronic grade segment will be significant during the forecast period. Electronic-grade sulfur hexafluoride is used to manufacture semiconductors, integrated circuits (ICs), and particle accelerators. The silicon-based layers from plasma chamber walls are removed by the optimum amount of F radicals generated by the gas. Electronic-grade sulfur hexafluoride is considered suitable for both high-voltage and medium-high-voltage power circuit breakers. Hence, these factors are expected to drive the growth of the segment during the forecast period.

Geography Overview
By geography, the global sulfur hexafluoride market is segmented into APAC, North America, Europe, the Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global sulfur hexafluoride market.

APAC is estimated to contribute 47% to the growth of the global market during the forecast period. The primary factor that is driving the growth of the region is the increasing investments by the Chinese government in improving the domestic production of semiconductors in the country. Furthermore, the government is reducing the imports of semiconductors which will also drive growth in the region. The demand for semiconductors and electronics is increasing from various end-user industries, such as smartphones and other mobile devices, automotive, consumer, and healthcare. This increase in demand is due to the advances in the growing implementation of IoT, wired and wireless technologies, and increasing automation across industries.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Global Sulfur Hexafluoride Market – Market Dynamics
Key Driver

• The rising demand for electricity in developing nations is the key factor driving the growth of the market.
• The major factors for the rising demand are urbanization and industrialization.
• Furthermore, with the increasing GDP-to-population ratio, people are spending more on energy-consuming products and services.
• Many industries, such as chemicals, oil and gas refineries, iron and steel, non-metallic minerals, cement, and paper, are driving the industry's growth.
• In addition, the demand for sulfur hexafluoride from energy-intensive industries has been driven due to the growing economies of developing countries.
• Hence, these factors are expected to drive the market growth during the forecast period.

Major Trends

• Increasing interest in semiconductor devices is one of the major trends in the market.
• To meet the surging customer demand for ICs, smartphones, and flat-panel devices, the vendors are investing in the semiconductor industry.
• For example, in February 2022, Intel announced an agreement to acquire Tower Semiconductor.
• Semiconductor This agreement was at the cost of approximately USD 5.4 billion.
• Furthermore, the challenges faced during the fabrication can be overcome by using sulfur hexafluoride in the manufacturing of semiconductor devices.
• Hence, these factors drive the market during the forecast period.

Significant Challenges

• The hazardous effect on the environment is a significant challenge restricting the growth of the market.
• The global warming potential (GWP) of Sulfur hexafluoride is 235,000 times more than that of carbon dioxide.
• Thus, the harmful particles released into the atmosphere can increase the earth's temperature.
• As a result, the US Environment Protection Agency (EPA) established a voluntary initiative known as SF6 Emission Reduction Partnerships for Electric Power System in 1999 to cater to the increased pollution.
• In addition, the California Air Resources Board (CARB) also imposed regulations to decrease the amount of Sulfur hexafluoride released into the atmosphere.
• Hence, these negative factors are expected to restrict the growth of the market during the forecast period.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Sulfur Hexafluoride Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the sulfur hexafluoride market between 2023 and 2027
• Precise estimation of the size of the sulfur hexafluoride market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the sulfur hexafluoride market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of sulfur hexafluoride market vendors.

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global sulfur hexafluoride market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global sulfur hexafluoride market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Electronic grade - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Electronic grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Electronic grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Electronic grade - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Electronic grade - Year-over-year growth 2022-2027 (%)

• 6.4 UHP grade - Market size and forecast 2022-2027 
• Exhibit 38: Chart on UHP grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on UHP grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on UHP grade - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on UHP grade - Year-over-year growth 2022-2027 (%)

• 6.5 Standard grade - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Standard grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Standard grade - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Standard grade - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Standard grade - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ million)
• Exhibit 47: Data Table on Market opportunity by Product ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments
• Exhibit 48: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 49: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 50: Chart on Comparison by End-user
• Exhibit 51: Data Table on Comparison by End-user

• 7.3 Power and energy - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Power and energy - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Power and energy - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Power and energy - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Power and energy - Year-over-year growth 2022-2027 (%)

• 7.4 Metal manufacturing - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Metal manufacturing - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Metal manufacturing - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Metal manufacturing - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Metal manufacturing - Year-over-year growth 2022-2027 (%)

• 7.5 Medical - Market size and forecast 2022-2027 
• Exhibit 60: Chart on Medical - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Medical - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Medical - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Medical - Year-over-year growth 2022-2027 (%)

• 7.6 Electronics - Market size and forecast 2022-2027 
• Exhibit 64: Chart on Electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 65: Data Table on Electronics - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Chart on Electronics - Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on Electronics - Year-over-year growth 2022-2027 (%)

• 7.7 Others - Market size and forecast 2022-2027 
• Exhibit 68: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 69: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 71: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.8 Market opportunity by End-user 
• Exhibit 72: Market opportunity by End-user ($ million)
• Exhibit 73: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 75: Chart on Market share by geography 2022-2027 (%)
• Exhibit 76: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 77: Chart on Geographic comparison
• Exhibit 78: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027 
• Exhibit 79: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 83: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027 
• Exhibit 103: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027 
• Exhibit 107: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 Germany - Market size and forecast 2022-2027 
• Exhibit 111: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 112: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 113: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.12 Canada - Market size and forecast 2022-2027 
• Exhibit 115: Chart on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 116: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
• Exhibit 117: Chart on Canada - Year-over-year growth 2022-2027 (%)
• Exhibit 118: Data Table on Canada - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 119: Market opportunity by geography ($ million)
• Exhibit 120: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 121: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 122: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 123: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 124: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 125: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 126: Matrix on vendor position and classification

• 12.3 Advanced Specialty Gases LLC 
• Exhibit 127: Advanced Specialty Gases LLC - Overview
• Exhibit 128: Advanced Specialty Gases LLC - Product / Service
• Exhibit 129: Advanced Specialty Gases LLC - Key offerings

• 12.4 AGC Inc.
• Exhibit 130: AGC Inc. - Overview
• Exhibit 131: AGC Inc. - Business segments
• Exhibit 132: AGC Inc. - Key offerings
• Exhibit 133: AGC Inc. - Segment focus

• 12.5 Air Liquide SA
• Exhibit 134: Air Liquide SA - Overview
• Exhibit 135: Air Liquide SA - Business segments
• Exhibit 136: Air Liquide SA - Key offerings
• Exhibit 137: Air Liquide SA - Segment focus

• 12.6 Air Products and Chemicals Inc. 
• Exhibit 138: Air Products and Chemicals Inc. - Overview
• Exhibit 139: Air Products and Chemicals Inc. - Business segments
• Exhibit 140: Air Products and Chemicals Inc. - Key news
• Exhibit 141: Air Products and Chemicals Inc. - Key offerings
• Exhibit 142: Air Products and Chemicals Inc. - Segment focus

• 12.7 ATCO Atmospheric And Speciality Gases Pvt. Ltd. 
• Exhibit 143: ATCO Atmospheric And Speciality Gases Pvt. Ltd. - Overview
• Exhibit 144: ATCO Atmospheric And Speciality Gases Pvt. Ltd. - Product / Service
• Exhibit 145: ATCO Atmospheric And Speciality Gases Pvt. Ltd. - Key offerings

• 12.8 Axcel Gases
• Exhibit 146: Axcel Gases - Overview
• Exhibit 147: Axcel Gases - Product / Service
• Exhibit 148: Axcel Gases - Key offerings

• 12.9 Concorde Specialty Gases Inc. 
• Exhibit 149: Concorde Specialty Gases Inc. - Overview
• Exhibit 150: Concorde Specialty Gases Inc. - Product / Service
• Exhibit 151: Concorde Specialty Gases Inc. - Key offerings

• 12.10 Electronic Fluorocarbons LLC. 
• Exhibit 152: Electronic Fluorocarbons LLC. - Overview
• Exhibit 153: Electronic Fluorocarbons LLC. - Product / Service
• Exhibit 154: Electronic Fluorocarbons LLC. - Key offerings

• 12.11 Kanto Denka Kogyo Co. Ltd. 
• Exhibit 155: Kanto Denka Kogyo Co. Ltd. - Overview
• Exhibit 156: Kanto Denka Kogyo Co. Ltd. - Business segments
• Exhibit 157: Kanto Denka Kogyo Co. Ltd. - Key offerings
• Exhibit 158: Kanto Denka Kogyo Co. Ltd. - Segment focus

• 12.12 Linde Plc
• Exhibit 159: Linde Plc - Overview
• Exhibit 160: Linde Plc - Business segments
• Exhibit 161: Linde Plc - Key news
• Exhibit 162: Linde Plc - Key offerings
• Exhibit 163: Linde Plc - Segment focus

• 12.13 Mitsubishi Chemical Group Corp. 
• Exhibit 164: Mitsubishi Chemical Group Corp. - Overview
• Exhibit 165: Mitsubishi Chemical Group Corp. - Business segments
• Exhibit 166: Mitsubishi Chemical Group Corp. - Key offerings
• Exhibit 167: Mitsubishi Chemical Group Corp. - Segment focus

• 12.14 Qingdao Ruiming Blue Sky Energy Co. Ltd. 
• Exhibit 168: Qingdao Ruiming Blue Sky Energy Co. Ltd. - Overview
• Exhibit 169: Qingdao Ruiming Blue Sky Energy Co. Ltd. - Product / Service
• Exhibit 170: Qingdao Ruiming Blue Sky Energy Co. Ltd. - Key offerings

• 12.15 Resonac Holdings Corp. 
• Exhibit 171: Resonac Holdings Corp. - Overview
• Exhibit 172: Resonac Holdings Corp. - Business segments
• Exhibit 173: Resonac Holdings Corp. - Key news
• Exhibit 174: Resonac Holdings Corp. - Key offerings
• Exhibit 175: Resonac Holdings Corp. - Segment focus

• 12.16 SEMA Gases
• Exhibit 176: SEMA Gases - Overview
• Exhibit 177: SEMA Gases - Product / Service
• Exhibit 178: SEMA Gases - Key offerings

• 12.17 Solvay SA
• Exhibit 179: Solvay SA - Overview
• Exhibit 180: Solvay SA - Business segments
• Exhibit 181: Solvay SA - Key news
• Exhibit 182: Solvay SA - Key offerings
• Exhibit 183: Solvay SA - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 184: Inclusions checklist
• Exhibit 185: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 186: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 187: Research methodology
• Exhibit 188: Validation techniques employed for market sizing
• Exhibit 189: Information sources

• 13.5 List of abbreviations
• Exhibit 190: List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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