Electronic Grade Segment to Dominate North America Sulfur Hexafluoride Market during 2019–2027

According to a new market research study on “North America Sulfur Hexafluoride Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Grade, and End User,” is expected to reach US$ 80.37 million by 2027 from US$ 49.56 million in 2019. The market is estimated to grow at a CAGR of 6.2% from 2020 to 2027. The report provides trends prevailing in the North America Sulfur Hexafluoride market along with the drivers and restraints pertaining to the market growth. High adoption of sulfur hexafluoride from in electronics industry are the major factor driving the growth of the North America Sulfur Hexafluoride market. However, issues associated with the environment and human hazards hinder the growth of North America Sulfur Hexafluoride market.

The market for Sulfur Hexafluoride is segmented into grade type, end user, and country. Based on grade type, the market is segmented into electronic grade, UHP grade, and standard grade. In 2019, the electronic grade segment held the largest share North America sulfur hexafluoride market. Similarly, based on end user, the market is bifurcated into power and energy, electronics, metal manufacturing, medical, and others. The power and energy segment contributed a substantial share in 2019.

North America is characterized by numerous developing economics backed by high industrial presence, large population, and increasing disposable income, which majorly drive the growth of the sulfur hexafluoride market. However, the outbreak of COVID-19 and lockdown imposed by the governments across North America is anticipated to have a huge disruption in the growth of various industries across North America. Although, US is the leading hub of manufacturing and largest raw material supplier for various industries, it is one of the worst affected countries due to the outbreak of COVID-19. The governments across North America are taking measure like travel bans, business shutdowns, and lockdown, which is expected to hamper the anticipated revenue generation and growth opportunities for coming months.

Air Liquide, Linde plc, Matheson Tri-Gas, Inc, Solvay S.A., Concorde Speciality Gases Inc., Fujian Shaowu Yongfei Chemical Co. Ltd. are among the leading companies in the North America Sulfur Hexafluoride market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018 Praxair, Inc. and The Linde Group merger together to form a new company, Linde Plc. The merger was completed with a $90bn and created the leading player in the North America industrial gases business.

North America Sulfur Hexafluoride Market, By Country, 2019 and 2027 (%)

The Report Segments the North America Sulfur Hexafluoride market as Follows:

North America Sulfur Hexafluoride Market – By Grade

• Electronic Grade
• UHP Grade
• Standard Grade

North America Sulfur Hexafluoride Market – By End User

• Power and Energy
• Electronics
• Metal Manufacturing
• Medical
• Others

North America Sulfur Hexafluoride Market – By Country

• US
• Canada
• Mexico