SAM Sulfur Hexafluoride Market to 2027 –COVID-19 Impact and Analysis by Grade (Electronic Grade, UHP Grade, and Standard Grade), End-user (Power and Energy, Electronics, Metal Manufacturing, Medical, and Others)
Number of Pages: 62
Market Introduction
Sulfur hexafluoride is defined as a colorless and odorless gas which has a chemical formula of SF6. The gas is composed of one sulfur atom that is surrounded by six fluorine atoms and possesses excellent characteristic features that are quite compatible with diversified application bases. The gas is known for its chemical inertness, non-toxicity, non-combustibility, and non-corrosiveness primarily used as an insulating and arc interrupting agent in the power transmission & distribution sector and as an etching agent in the electronics & semiconductor sector. SAM is the fastest growing market for the sulfur hexafluoride on account of rising sulfur hexafluoride applications across several end-use application bases backed by positive government measures to support the growth of the industry. Further, an increase in the disposable income coupled with increased investment in the advancement of technology is also likely to drive the demand for sulfur hexafluoride in the SAM market. Thus, the mitigating options of sulfur hexafluoride emissions in the electric power sector are expected to create a significant demand for electronic grades in the coming years, which are further anticipated to drive the SAM Sulfur Hexafluoride market.
Market Overview and Dynamics
The Sulfur Hexafluoride market in SAM is expected to grow from US$ 27.74 million in 2019 to US$ 41.42 million by 2027; it is estimated to grow at a CAGR of 5.1% from 2020 to 2027. Developing nations are adopting HDVC transmission. HDVC systems can also control the magnitude and direction of power flow with the help of switchgear and other switching elements of the converter. In HDVC transmission, the designs are connected with the use of power grids in a particular area, eliminating the issues related to electricity loss in that area. The physicochemical properties, discharge characteristics of Sulfur hexafluoride, and its gap breakdown characteristics under non-uniform electric fields make it suitable for use in HDVC transmission systems. HDVC transmission is gaining importance in SAM due to an upsurge in demand for power consumption. Thus, the HDVC transmission offers future growth opportunities for market players operating in the SAM market. The need for higher electric power over long distances is increasing in several industries. This is bolstering the growth of the Sulfur Hexafluoride market.
The COVID 19 pandemic has impacted the major countries in SAM, and many of these countries are under lockdown, which is adversely affecting the sulfur hexafluoride market. Brazil has the highest number of COVID-19 cases in SAM, followed by Ecuador, Chile, Peru, and Argentina, among others. Governments of South American countries have taken several actions to protect their citizens and contain COVID-19 spread.
Key Market Segments
In terms of grade type, the electronic grade segment accounted for the largest share of the SAM Sulfur Hexafluoride market in 2019. Further, the Power and Energy segment held a larger share of the market based on end user in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Sulfur Hexafluoride market in SAM are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Air Liquide, Linde plc, Solvay S.A., and SHOWA DENKO K.K. among others.
Reasons to buy report
SAM Sulfur Hexafluoride Market Segmentation
SAM Sulfur Hexafluoride Market - by Grade
SAM Sulfur Hexafluoride Market - by End User
SAM Sulfur Hexafluoride Market - By Country
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2019 | US$ 27.74 Million |
| Market Size by 2027 | US$ 41.42 Million |
| CAGR (2020 - 2027) | 5.1% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Grade
|
| Regions and Countries Covered |
South and Central America
|
| Market leaders and key company profiles |
|
The List of Companies - SAM Sulfur Hexafluoride Market
The South America Sulfur Hexafluoride Market is valued at US$ 27.74 Million in 2019, it is projected to reach US$ 41.42 Million by 2027.
As per our report South America Sulfur Hexafluoride Market, the market size is valued at US$ 27.74 Million in 2019, projecting it to reach US$ 41.42 Million by 2027. This translates to a CAGR of approximately 5.1% during the forecast period.
The South America Sulfur Hexafluoride Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Sulfur Hexafluoride Market report:
The South America Sulfur Hexafluoride Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Sulfur Hexafluoride Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Sulfur Hexafluoride Market value chain can benefit from the information contained in a comprehensive market report.
Please tell us your area of interest
(Market Segments/ Regions and Countries/ Companies)
E 1803, Panchshil Towers,
Wagholi, Haveli,
Pune - 412207,
Maharashtra, India
US:+16467917070
sales@businessmarketinsights.com
Get Free Sample For South America Sulfur Hexafluoride Market
