Middle East and Africa Sulfur Hexafluoride Market is expected to reach US$ 27.62 Mn by 2027


PRESS RELEASE BY The Insight Partners 19 Sep 2020

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

 

According to The Insight Partners market research study on “MEA Sulfur Hexafluoride Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Grade, and End User,” is expected to reach US$ 27.62 million by 2027 from US$ 20.32 million in 2019. The market is estimated to grow at a CAGR of 3.9% from 2020 to 2027. The report provides trends prevailing in the MEA Sulfur Hexafluoride market along with the drivers and restraints pertaining to the market growth. Sulfur hexafluoride (SF6) is used mainly in the electric-power industry are the major factor driving the growth of the MEA sulfur hexafluoride market. However, issues associated with the environment and humans hinder the growth of MEA Sulfur Hexafluoride market.

 

The MEA market for Sulfur Hexafluoride 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 MEA 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.

 

MEA 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 MEA is anticipated to have a huge disruption in the growth of various industries across MEA. Although, UAE 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 MEA 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, Solvay S.A., SHOWA DENKO K.K., and Itwani Corporation are among the leading companies in the MEA 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.

 

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

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

Middle East and Africa Sulfur Hexafluoride Market to Grow at a CAGR of 3.9% to reach US$ 27.62 Million from 2020 to 2027

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Middle East and Africa 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 MEA Sulfur Hexafluoride market as Follows:

 

MEA Sulfur Hexafluoride Market – by Grade

  • Electronic Grade
  • UHP Grade
  • Standard Grade

 MEA Sulfur Hexafluoride Market – by End User

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

MEA Sulfur Hexafluoride Market – by Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA
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