Dublin, July 19, 2023 (GLOBE NEWSWIRE) -- The "Sulfur Hexafluoride (SF6): Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Sulfur Hexafluoride (SF6) estimated at US$214 Million in the year 2022, is projected to reach a revised size of US$357.3 Million by 2030, growing at a CAGR of 6.6% over the analysis period 2022-2030.
Standard, one of the segments analyzed in the report, is projected to record a 6.4% CAGR and reach US$301.4 Million by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Ultra High Purity segment is readjusted to a revised 7.9% CAGR for the next 8-year period.
The U.S. Market is Estimated at $42.1 Million, While China is Forecast to Grow at 7.8% CAGR
The Sulfur Hexafluoride (SF6) market in the U.S. is estimated at US$42.1 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$80.7 Million by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.9% and 6.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$41.1 Million by the year 2030.
Select Competitors (Total 47 Featured) -
- ABB Ltd.
- Air Products Inc.
- AGC Inc.
- Concorde Specialty Gases Inc.
- Kanto Denka Kogyo Co., Ltd.
- Linde Plc
- Matheson Tri-Gas Inc.
- SHOWA DENKO K.K.,
- Solvay S.A.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 382 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $214 Million |
| Forecasted Market Value (USD) by 2030 | $357.3 Million |
| Compound Annual Growth Rate | 6.6% |
| Regions Covered | Global |
Key Topics Covered:
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?
- World Economic Growth Projections (Real GDP, Annual % Change) for 2020 through 2022
- Energy Sector: COVID-19 Pandemic Brings Numerous Challenges
- 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
- Global PMI Index Points for the Years 2018, 2019 & 2020
- Sulfur Hexafluoride (SF6) - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- 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
- Projected Global Demand for Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
- Global Primary Energy Consumption (Billion toe): Growth Trajectory for the Period 1990-2040
- Global Electricity Generation in Billion kWh by Fuel Type for the Years 2010, 2020, 2030, 2040 and 2050
- 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
- 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
- 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
- Global Energy Mix: 1990 Vs 2020 Vs 2030
- Global Renewable Energy Breakdown by Type: 2010 Vs 2030
- 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
- US Ophthalmology Procedures Monthly Growth: 2020 Vs 2019
- Global Burden of Eye Diseases (In Millions): 2020
- Global Causes of Visual Impairment: Percentage Breakdown by Number of Cases
- 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
- 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
- Global Metal Stampings, Forgings, and Castings Market Breakdown by Product Segment (in %): 2020 and 2027
- 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
- Global Opportunity for Consumer Electronics (In US$ Million) for Years 2020, 2022, 2024, 2026 and 2028
- Global MEMS Market Size (in US$ Million) by Region/Country for 2020 and 2027
- 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
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/hapwf1
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