Asia Pacific Sulfur Hexafluoride Market is expected to reach US$ 147.28 Mn by 2027

Power and Energy Segment to Dominate APAC Sulfur Hexafluoride Market during 2019–2027

According to The Insight Partners market research study on “APAC Sulfur Hexafluoride Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Grade Type, and End User,” is expected to reach US$ 147.28 million by 2027 from US$ 95.62 million in 2019. The market is estimated to grow at a CAGR of 5.5% from 2020 to 2027. The report provides trends prevailing in the APAC Sulfur Hexafluoride market along with the drivers and restraints pertaining to the market growth. Rising demand of sulfur hexafluoride form in electronics industry are the major factor driving the growth of the APAC sulfur hexafluoride market. However, issues associated with the environment and humans hinder the growth of APAC Sulfur Hexafluoride market.

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

APAC 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 APAC is anticipated to have a huge disruption in the growth of various industries across APAC. Although, China is the leading global 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 APAC 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., Kanto Denka Kogyo Co. Ltd, Fujian Shaowu Yongfei Chemical Co. Ltd., SHOWA DENKO K.K., Chemix Gases, and Itwani Corporation are among the leading companies in the APAC 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 2020, Linde plc it has started up a new air separation unit (ASU) and the first of three nitrogen generators, as part of a 15-year contract to supply ultra-high purity industrial gases to a major electronics customer in Taiwan.

Asia- Pacific Sulfur Hexafluoride Market, By Country, 2019 and 2027 (%)

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Asia Pacific Sulfur Hexafluoride Market to Grow at a CAGR of 5.5% to reach US$ 147.28 Million from 2020 to 2027

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Asia Pacific Sulfur Hexafluoride Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Grade (Electronic Grade, UHP Grade, and Standard Grade), End-user (Power and Energy, Electronics, Metal Manufacturing, Medical and Others)

The Report Segments the APAC Sulfur Hexafluoride market as Follows:

APAC Sulfur Hexafluoride Market – By Grade

• Electronic Grade
• UHP Grade
• Standard Grade

APAC Sulfur Hexafluoride Market – By End User

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

APAC Sulfur Hexafluoride Market – By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC