The worldwide sulfur hexafluoride market is poised for a promising boom at a projected CAGR of approximately 5.8% for the duration of the route of forecast length (2019-2029). Beneficial chemical residences and variegated quit-use programs particularly electronic devices hold to complement the increase in the sulfur hexafluoride market.
Asia Pacific accounts for 45.8% proportion of the sulfur hexafluoride market
Because of the huge regional populace, energy and electricity call hovering in Asia pacific. Being a leading end-use application of sulfur hexafluoride, the electricity & electricity era industry is assisting the boom of the nearby market. As a result, Asia pacific sulfur hexafluoride market garnered about 45.8% market share in 2018.
The sulfur hexafluoride market in Europe will tremendously be gradual in the course of the forecast period due to environmental implications related to the product. Furthermore, stricter norms set down by way of governing our bodies are proscribing the sulfur hexafluoride market increase in the region.
Sustainable practices continue to be key agenda of enterprise leaders
some of the important thing gamers featured on this FMI have a look at encompass, but are not constrained to, Advanced Specialty Gases, Air Liquide, Electronic Fluorocarbons, LLC, Axcel Gases, American Gas Products, Solvay S.A., Praxair Technology, Inc., Honeywell International, Fujian Shaowu Yongfei Chemical Co. Ltd., Air Products and Chemicals, Inc., Chengdu Kemeite, Concorde Specialty Gases Inc., and Liming Research Institute.
The worldwide sulfur hexafluoride market is fragmented in nature. Reusing sulfur hexafluoride and incorporating today’s generation is the key strong point of market leaders. As an example, Solvay reclaims and reuses sulfur hexafluoride gas globally to comply with stringent environmental norms. Different gamers choose collaborations to reinforce their market presence.
Key takeaways of sulfur hexafluoride market look at
- Position of sulfur hexafluoride in developing digital circuits is the growth engine of the market.
- Chemical inertness, non-toxicity, high density, and excessive dielectric electricity are notably sought-after attributes of sulfur hexafluoride.
- Electronic grade sulfur hexafluoride contributes appreciably to the general call for.
- Asia pacific carves out approximately 45.8% revenue share within the global sulfur hexafluoride market.
- Europe will show off a gradual market increase attributable to stringent government rules.
Extra about the record
FMI’s observation gives an in-intensity market forecast and analysis of the global sulfur hexafluoride market. The foremost classes encompassed using the report consist of grade (technical, electronic), software (electric transmission and distribution, semiconductor production) across 5 regions (North America, Latin America, Europe, Middle East & Africa, Asia Pacific).
For Critical Insights, Request a Sample Copy