Sulfur Hexafluoride Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 24943 Report Format: PDF + Excel

Overview

The Sulfur Hexafluoride Market is forecast to reach $351 million by 2025, growing at a CAGR of 5.88% during 2020-2025. Sulfur Hexafluoride is an insulating gas in heavy electrical equipment, such as high voltage cables and circuit breakers and compact substations. Growing product demand as an ideal quenching material in distribution voltage switchgear, linear particle accelerators & generators, high voltage circuit breakers, and radar equipment is expected to drive demand.

Report Coverage

The report: “Sulfur Hexafluoride Market – Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the Sulfur Hexafluoride Market.


Key Takeaways

  • Asia-Pacific dominates the sulfur hexafluoride market owing to increasing demand from applications such as electronics and power industries.
  • Standard grade SF6 was the dominant product segment in 2018 with a percentage share of 75% as it is used in the manufacturing of switchgear and circuit breakers for power & energy generation plants.
  • Power & energy application segment accounted for the largest revenue share and is expected to register a CAGR of 6.5% over the forecast period owing to the increasing use of SF6 in high voltage equipment including transformers, switches, and capacitors.

By Product - Segment Analysis

The Standard Grade segment generated the highest revenue in the market by product. There is high demand for the product in the power generation segment due to it being an electrical insulator. After more than a century of rapid growth, global energy demand shows growth slowing and plateauing around 2030, primarily driven by the penetration of renewable energy sources into the energy mix. Electrification across key end uses leads to a doubling of electricity demand by 2050. This is particularly driven by increased demand in buildings and a shift toward electricity as an energy source in road transport. Gas is the only fossil fuel which grows its share of total energy demand until 2035, albeit at declining growth rates, and then plateaus; even when considering significant sensitivities, gas demand remains robust within a +/-3% range. Despite a doubling of global GDP (in real terms) between 2016 and 2050, the global primary energy demand will only grows 14%. Electricity consumption will double until 2050, while renewables make up over 50% of generation by 2035.

By End-Use Industry - Segment Analysis

The power generation segment was the major one in the overall market. The world continues to electrify, with around three-quarters of the increase in primary energy absorbed by the power sector. The strong growth of power demand in developing economies helps renewables penetrate, but also creates demand for coal, thereby driving the demand for sulfur hexafluoride. There is growing investment in the power generation industry with the future electricity demand alone requiring an increase in power generation capacity of 26-90%, that is, 2 to 6 TW cumulative installations.

Geography - Segment Analysis

APAC dominated the sulfur hexafluoride market with a share of more than 45%, followed by North America and Europe. The economy of APAC is mainly influenced by the economic dynamics of countries such as China and India, but with growing foreign direct investment for economic development of South East Asia, the current scenario is changing. Countries in South East Asia are witnessing high growth in the aviation and automotive industries. According to OICA, APAC automotive sales witnessed a growth of over 6.52% during 2012-2018, with South East Asian countries having huge potential to grow.

Projected actual growth in APEC is driven primarily by demand growth in China and south-east Asia. In Southeast Asia, growth nearly doubles (98%) driven by rapid economic development as gross domestic product (GDP) per capita rises almost fourfold (from USD 12 247 to USD 44 859) over the Outlook period. In 2016, China represented the largest share (37%) of FED in APEC with 1979 Mtoe, followed by the United States (28%, 1515 Mtoe) and Russia (8.7%, 472 Mtoe). In 2050, China’s share is marginally lower (35%) but grows in absolute terms to 2 332 Mtoe. The United States also has a lower share (26%, 1676 Mtoe) despite moderate growth while growth in Russia barely changes its overall share (8.6%, 565 Mtoe).

Drivers – Sulfur Hexafluoride Market

  • Rising demand for power generation using Natural gas

Global electricity demand in 2018 increased by 4%, or 900 TWh, growing nearly twice as fast as the overall demand for energy. This was also the fastest increase since 2010, when the global economy recovered from the financial crisis. About a fifth of the growth in electricity demand last year can be attributed to weather conditions. Demand for air-conditioning during the summer jumped last year, which ranked as the fourth hottest year on record. Likewise, colder-than-average winters in North America increased the call for heating. Natural gas was the second-largest single source of global electricity generation and grew by almost 240 TWh, nearly as much as coal. Most of the increase came from the United States, where gas-fired generation rose by 15% to overtake coal as the largest source of generation.

Challenges – Sulfur Hexafluoride Market

  • Growing demand for solar power generation

By the end of 2018, global cumulative installed PV capacity reached about 512 gigawatts (GW), of which about 180 GW were utility-scale plants. This represented a growth of 27% from 2017. Although capacity additions remained flat in 2018, solar PV generation increased 31% in 2018, and represented the largest absolute generation growth (+136 TWh) of all renewable technologies, slightly ahead of wind and hydropower. This is hampering the demand for sulfur hexafluoride in the non-renewable power generation segment.

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Sulfur Hexafluoride market. In 2018, the top five players accounted for xx% of the share. Major players in the Sulfur Hexafluoride Market are Praxair, Honeywell, Matheson, Linde Group, Advanced Specialty Gases, Concorde Specialty Gases, Kanto Denka Kogyo, Qinghai Xinhe, Showa Denko, Fujian Shaowu Yongfei, Huaneng Fluorin, Solvay, Yingde Gases, Airgas, Chengdu Kemeite, Fluoride Liming Research Institute, and Shandong Ruihua, among others. 

1. Sulfur Hexafluoride Market - Overview
        1.1 Definitions and Scope
2. Sulfur Hexafluoride Market - Executive summary
        2.1 Market Revenue, Market Size and Key Trends by Company
        2.2 Key Trends by type of Application
        2.3 Key Trends segmented by Geography
3. Sulfur Hexafluoride Market
        3.1 Comparative analysis
            3.1.1 Product Benchmarking - Top 10 companies
            3.1.2 Top 5 Financials Analysis
            3.1.3 Market Value split by Top 10 companies
            3.1.4 Patent Analysis - Top 10 companies
            3.1.5 Pricing Analysis
4. Sulfur Hexafluoride Market - Startup companies Scenario Premium
        4.1 Top 10 startup company Analysis by
            4.1.1 Investment
            4.1.2 Revenue
            4.1.3 Market Shares
            4.1.4 Market Size and Application Analysis
            4.1.5 Venture Capital and Funding Scenario
5. Sulfur Hexafluoride Market - Industry Market Entry Scenario Premium
        5.1 Regulatory Framework Overview
        5.2 New Business and Ease of Doing business index
        5.3 Case studies of successful ventures
        5.4 Customer Analysis - Top 10 companies
6. Sulfur Hexafluoride Market Forces
        6.1 Drivers
        6.2 Constraints
        6.3 Challenges
        6.4 Porters five force model
            6.4.1 Bargaining power of suppliers
            6.4.2 Bargaining powers of customers
            6.4.3 Threat of new entrants
            6.4.4 Rivalry among existing players
            6.4.5 Threat of substitutes
7. Sulfur Hexafluoride Market - Strategic analysis
        7.1 Value chain analysis
        7.2 Opportunities analysis
        7.3 Product life cycle
        7.4 Suppliers and distributors Market Share
8. Sulfur Hexafluoride Market - Product (Market Size -$Million / $Billion)
        8.1 Electronic Grade
        8.2 Uhp Grade
        8.3 Standard Grade
9. Sulfur Hexafluoride Market - By Type (Market Size -$Million / $Billion)
10. Sulfur Hexafluoride - By Application (Market Size -$Million / $Billion)
        10.1 Power Energy
        10.2 Medical
        10.3 Metal Manufacturing
        10.4 Electronics
11. Sulfur Hexafluoride - By Geography (Market Size -$Million / $Billion)
        11.1 Sulfur Hexafluoride Market - North America Segment Research
        11.2 North America Market Research (Million / $Billion)
            11.2.1 Segment type Size and Market Size Analysis
            11.2.2 Revenue and Trends
            11.2.3 Application Revenue and Trends by type of Application
            11.2.4 Company Revenue and Product Analysis
            11.2.5 North America Product type and Application Market Size
                  11.2.5.1 U.S
                  11.2.5.2 Canada
                  11.2.5.3 Mexico
                  11.2.5.4 Rest of North America
        11.3 Sulfur Hexafluoride- South America Segment Research
        11.4 South America Market Research (Market Size -$Million / $Billion)
            11.4.1 Segment type Size and Market Size Analysis
            11.4.2 Revenue and Trends
            11.4.3 Application Revenue and Trends by type of Application
            11.4.4 Company Revenue and Product Analysis
            11.4.5 South America Product type and Application Market Size
                  11.4.5.1 Brazil
                  11.4.5.2 Venezuela
                  11.4.5.3 Argentina
                  11.4.5.4 Ecuador
                  11.4.5.5 Peru
                  11.4.5.6 Colombia
                  11.4.5.7 Costa Rica
                  11.4.5.8 Rest of South America
        11.5 Sulfur Hexafluoride- Europe Segment Research
        11.6 Europe Market Research (Market Size -$Million / $Billion)
            11.6.1 Segment type Size and Market Size Analysis
            11.6.2 Revenue and Trends
            11.6.3 Application Revenue and Trends by type of Application
            11.6.4 Company Revenue and Product Analysis
            11.6.5 Europe Segment Product type and Application Market Size
                  11.6.5.1 U.K
                  11.6.5.2 Germany
                  11.6.5.3 Italy
                  11.6.5.4 France
                  11.6.5.5 Netherlands
                  11.6.5.6 Belgium
                  11.6.5.7 Denmark
                  11.6.5.8 Spain
                  11.6.5.9 Rest of Europe
        11.7 Sulfur Hexafluoride - APAC Segment Research
        11.8 APAC Market Research (Market Size -$Million / $Billion)
            11.8.1 Segment type Size and Market Size Analysis
            11.8.2 Revenue and Trends
            11.8.3 Application Revenue and Trends by type of Application
            11.8.4 Company Revenue and Product Analysis
            11.8.5 APAC Segment - Product type and Application Market Size
                  11.8.5.1 China
                  11.8.5.2 Australia
                  11.8.5.3 Japan
                  11.8.5.4 South Korea
                  11.8.5.5 India
                  11.8.5.6 Taiwan
                  11.8.5.7 Malaysia
                  11.8.5.8 Hong kong
                  11.8.5.9 Rest of APAC
        11.9 Sulfur Hexafluoride - Middle East Segment and Africa Segment Research
        11.10 Middle East & Africa Market Research (Market Size -$Million / $Billion)
            11.10.1 Segment type Size and Market Size Analysis
            11.10.2 Revenue and Trend Analysis
            11.10.3 Application Revenue and Trends by type of Application
            11.10.4 Company Revenue and Product Analysis
            11.10.5 Middle East Segment Product type and Application Market Size
                  11.10.5.1 Israel
                  11.10.5.2 Saudi Arabia
                  11.10.5.3 UAE
            11.10.6 Africa Segment Analysis
                  11.10.6.1 South Africa
                  11.10.6.2 Rest of Middle East & Africa
12. Sulfur Hexafluoride Market - Entropy
        12.1 New product launches
        12.2 M&A s, collaborations, JVs and partnerships
13. Sulfur Hexafluoride Market - Industry / Segment Competition landscape Premium
        13.1 Market Share Analysis
            13.1.1 Market Share by Country- Top companies
            13.1.2 Market Share by Region- Top 10 companies
            13.1.3 Market Share by type of Application - Top 10 companies
            13.1.4 Market Share by type of Product / Product category- Top 10 companies
            13.1.5 Market Share at global level - Top 10 companies
            13.1.6 Best Practises for companies
14. Sulfur Hexafluoride Market - Key Company List by Country Premium
15. Sulfur Hexafluoride Market Company Analysis
        15.1 Market Share, Company Revenue, Products, M&A, Developments
        15.2 Advanced Specialty Gas
        15.3 Air Liquide S A
        15.4 Air Product And Chemicals, Inc
        15.5 Chongqing Daan Yingde Speciality Gas Co , Ltd
        15.6 Concorde Specialty Gases, Inc
        15.7 Honeywell International
        15.8 Kanto Denka Kogyo Co , Ltd
        15.9 Matheson Tri-Gas, Inc
        15.10 Praxair Technology, Inc
        15.11 Showa Denko K K
        15.12 Solvay S A
        15.13 The Linde Group
        15.14 Company 13
        15.15 Company 14 & More
*Financials would be provided on a best efforts basis for private companies
16. Sulfur Hexafluoride Market - Appendix
        16.1 Abbreviations
        16.2 Sources
17. Sulfur Hexafluoride Market - Methodology
        17.1 Research Methodology
            17.1.1 Company Expert Interviews
            17.1.2 Industry Databases
            17.1.3 Associations
            17.1.4 Company News
            17.1.5 Company Annual Reports
            17.1.6 Application Trends
            17.1.7 New Products and Product database
            17.1.8 Company Transcripts
            17.1.9 R&D Trends
            17.1.10 Key Opinion Leaders Interviews
            17.1.11 Supply and Demand Trends

LIST OF TABLES

1.Global Sulfur Hexafluoride Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
1.1 Electronic Grade Market 2019-2024 ($M) - Global Industry Research
1.2 Uhp Grade Market 2019-2024 ($M) - Global Industry Research
1.3 Standard Grade Market 2019-2024 ($M) - Global Industry Research
2.Global Sulfur Hexafluoride Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
2.1 Power Energy Market 2019-2024 ($M) - Global Industry Research
2.2 Medical Market 2019-2024 ($M) - Global Industry Research
2.3 Metal Manufacturing Market 2019-2024 ($M) - Global Industry Research
2.4 Electronics Market 2019-2024 ($M) - Global Industry Research
3.Global Sulfur Hexafluoride Market:Product Estimate Trend Analysis Market 2019-2024 (Volume/Units)
3.1 Electronic Grade Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Uhp Grade Market 2019-2024 (Volume/Units) - Global Industry Research
3.3 Standard Grade Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Sulfur Hexafluoride Market:Application Estimate Trend Analysis Market 2019-2024 (Volume/Units)
4.1 Power Energy Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Medical Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Metal Manufacturing Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Electronics Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Sulfur Hexafluoride Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
5.1 Electronic Grade Market 2019-2024 ($M) - Regional Industry Research
5.2 Uhp Grade Market 2019-2024 ($M) - Regional Industry Research
5.3 Standard Grade Market 2019-2024 ($M) - Regional Industry Research
6.North America Sulfur Hexafluoride Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
6.1 Power Energy Market 2019-2024 ($M) - Regional Industry Research
6.2 Medical Market 2019-2024 ($M) - Regional Industry Research
6.3 Metal Manufacturing Market 2019-2024 ($M) - Regional Industry Research
6.4 Electronics Market 2019-2024 ($M) - Regional Industry Research
7.South America Sulfur Hexafluoride Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
7.1 Electronic Grade Market 2019-2024 ($M) - Regional Industry Research
7.2 Uhp Grade Market 2019-2024 ($M) - Regional Industry Research
7.3 Standard Grade Market 2019-2024 ($M) - Regional Industry Research
8.South America Sulfur Hexafluoride Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
8.1 Power Energy Market 2019-2024 ($M) - Regional Industry Research
8.2 Medical Market 2019-2024 ($M) - Regional Industry Research
8.3 Metal Manufacturing Market 2019-2024 ($M) - Regional Industry Research
8.4 Electronics Market 2019-2024 ($M) - Regional Industry Research
9.Europe Sulfur Hexafluoride Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
9.1 Electronic Grade Market 2019-2024 ($M) - Regional Industry Research
9.2 Uhp Grade Market 2019-2024 ($M) - Regional Industry Research
9.3 Standard Grade Market 2019-2024 ($M) - Regional Industry Research
10.Europe Sulfur Hexafluoride Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
10.1 Power Energy Market 2019-2024 ($M) - Regional Industry Research
10.2 Medical Market 2019-2024 ($M) - Regional Industry Research
10.3 Metal Manufacturing Market 2019-2024 ($M) - Regional Industry Research
10.4 Electronics Market 2019-2024 ($M) - Regional Industry Research
11.APAC Sulfur Hexafluoride Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
11.1 Electronic Grade Market 2019-2024 ($M) - Regional Industry Research
11.2 Uhp Grade Market 2019-2024 ($M) - Regional Industry Research
11.3 Standard Grade Market 2019-2024 ($M) - Regional Industry Research
12.APAC Sulfur Hexafluoride Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
12.1 Power Energy Market 2019-2024 ($M) - Regional Industry Research
12.2 Medical Market 2019-2024 ($M) - Regional Industry Research
12.3 Metal Manufacturing Market 2019-2024 ($M) - Regional Industry Research
12.4 Electronics Market 2019-2024 ($M) - Regional Industry Research
13.MENA Sulfur Hexafluoride Market:Product Estimate Trend Analysis Market 2019-2024 ($M)
13.1 Electronic Grade Market 2019-2024 ($M) - Regional Industry Research
13.2 Uhp Grade Market 2019-2024 ($M) - Regional Industry Research
13.3 Standard Grade Market 2019-2024 ($M) - Regional Industry Research
14.MENA Sulfur Hexafluoride Market:Application Estimate Trend Analysis Market 2019-2024 ($M)
14.1 Power Energy Market 2019-2024 ($M) - Regional Industry Research
14.2 Medical Market 2019-2024 ($M) - Regional Industry Research
14.3 Metal Manufacturing Market 2019-2024 ($M) - Regional Industry Research
14.4 Electronics Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
2.Canada Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
3.Mexico Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
4.Brazil Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
5.Argentina Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
6.Peru Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
7.Colombia Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
8.Chile Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
9.Rest of South America Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
10.UK Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
11.Germany Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
12.France Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
13.Italy Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
14.Spain Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
15.Rest of Europe Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
16.China Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
17.India Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
18.Japan Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
19.South Korea Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
20.South Africa Sulfur Hexafluoride Market Revenue, 2019-2024 ($M)
21.North America Sulfur Hexafluoride By Application
22.South America Sulfur Hexafluoride By Application
23.Europe Sulfur Hexafluoride By Application
24.APAC Sulfur Hexafluoride By Application
25.MENA Sulfur Hexafluoride By Application
26.Solvay S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Honeywell International, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Kanto Denka Kogyo Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Showa Denko K K, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Praxair Technology, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Concorde Specialty Gases, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Air Liquide S A, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.The Linde Group, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Advanced Specialty Gas, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Chongqing Daan Yingde Speciality Gas Co , Ltd, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Matheson Tri-Gas, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Air Product And Chemicals, Inc, Sales /Revenue, 2015-2018 ($Mn/$Bn)