Latest Trends in the Sulfur Hexafluoride (SF6) Market by 2025

Rising demand for the product for use as an ideal quenching material in circuit breakers and switchgear manufacturing is expected to have a positive impact on the industry growth. The Global Sulfur Hexafluoride Market is expected to reach USD 309.9 million by 2025, according to a new report by Grand View Research, Inc.

Key industry participants, have integrated their operations across the value chain by indulging in raw material manufacturing as well as distribution sectors in order to gain a competitive edge in the industry. Active investments in the R&D of the product to reduce the environmental impact and boost efficiency are projected to increase the competitive rivalry among the manufacturers.

In June 2014, ABB developed a patented technology to recycle contaminated SF6 gas based on the energy proficient cryogenic process. The use of recycled sulfur hexafluoride gas is expected to mitigate carbon emissions by about 30% and save costs. These factors are, therefore, expected to fuel the industry growth over the forecast period.

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The stringent regulations imposed on the manufacturing and use of sulfur hexafluoride (SF6) are expected to be a key threat to the industry players. Moreover, the high initial investments and operational costs associated with the machinery are further expected to trigger the entry barrier, thereby lowering the threat of new entrants over the forecast period.

Top Players of Sulfur Hexafluoride (SF6) Market:

Solvay S.A., Air Liquide S.A., The Linde Group, Air Products and Chemicals, Inc., and Praxair Technology, Inc. have adopted production capacity expansion strategies to serve increasing consumer demand and gain larger market shares.

Market Segmentation of Sulfur Hexafluoride (SF6) Market:

The Global Sulfur Hexafluoride Market segmented on the basis of Product, Application, and Region.

By Product:

Electronic Grade

UHP Grade

Standard Grade

By Application:

Power & Energy

Medical

Metal Manufacturing

Electronics

By Region:

North America

Europe

Asia Pacific

Central & South America

The Middle East & Africa

Inquire about Sulfur Hexafluoride Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4492/ibb

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