The global Sulfur Hexafluoride Market was valued at $187.34Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $314.2Billion.
Sulfur Hexafluoride is an Odorless, non-flammable, colorless, & non-toxic gas which is soluble in liquid & water. Sulfur hexafluoride is mainly used as a test gas in respiratory physiology. It is used for ultrasound imaging. It is 5 times heavier than air & non-reactive. Sulfur hexafluoride is made by reacting fluorine with sulfur which also makes toxic disulfur decafluoride which has to be removed later. It can be used in various electronics & electrical devices.
“Optimal Price Point (OPP) for Sulfur Hexafluoride”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Sulfur Hexafluoride are available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Sulfur Hexafluoride “by Product Categories”
We have segmented the Sulfur Hexafluoride based on product categories as Electronic, UHP, Standard.
We have observed the number of the end use of standard grade products of Sulfur Hexafluoride in electronic devices like switchgear& high voltage circuit breakers because of its excellent properties like thermal stability & high dielectric strength & provide outstanding & cooling properties. UHP products of Sulfur Hexafluoride are quietly used in the application of medical technology like in various therapeutic segments such as ophthalmology, pneumonectomy. It is also used in eye surgery as a contrast agent & used in the treatment of loss of hearing which turns the demand for sulfur hexafluoride market & anticipated to grow over the forecast period.
Sulfur Hexafluoride by“Application”
We have segmented the Sulfur Hexafluoride market based on Application are Power & Energy, Medical, Metal Manufacturing, Electronics.
We have observed the medical sector is the fastest growing industry in the world because of the increasing population & number of unknown diseases. Sulfur Hexafluoride is used in vitrectomy surgery. The ophthalmology is required to fill the space left. It can be done by injecting a little amount of sulfur hexafluoride into the eye to maintain the pressure required to allow the retina to remain in space. Sulfur hexafluoride is also used in the treatment of heart surgery & other defects and wounds which boost the demand for sulfur hexafluoride during the forecast period.
Latin America accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Sulfur Hexafluoride market followed by Asia Pacific countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include Latin America, Europe, Asia-Pacific, North America and the Middle East and Africa. In 2017, Latin America held the largest share for Sulfur Hexafluoride market due to the demand for Electricity substation, Transformers, High voltage cables, Linear Accelerators. The AsiaPacific is expected to have the highest growth due to China & this would be followed by Europe.
Expanding electronics & electrical products with the increasing populations generates a demand for Sulfur Hexafluoride. We are observing that a Sulfur Hexafluoride is a good option as it can create a good impact for the sheet metal industry, & Medical sectors.
“Competitive Landscape “and “Merger & Acquisition Insights”
The key market participants include Linde group, Honey Well, Praxair, Matheson, Airgas, Advanced Specialty Gases, Yingde Gases, HuanengFluorineare few major players in Sulfur Hexafluoride markets. The market of Sulfur Hexafluoride is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Sulfur Hexafluoride Market by-product Categories (Revenue, Million, 2014 – 2025)
Sulfur Hexafluoride Market by Application (Revenue, Million, 2014 – 2025)
- Power & Energy
- Metal & Manufacturing
Sulphur Hexafluoride Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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