Asia Pacific Sulfur Hexafluoride Market Key Players and Forecast by 2027

The sulfur hexafluoride market in APAC is expected to grow from US$ 95.62 million in 2019 to US$ 147.28 million by 2027; it is estimated to grow at a CAGR of 5.5% from 2020 to 2027.

Australia, China, India, Japan, South Korea, and Rest of APAC are the major economies in Asia- Pacific. The sulfur hexafluoride is used in various medical equipment’s. In the medical industry, Sulfur hexafluoride is utilized for non-invasive surgeries and in the production of X-Ray equipment. It finds its application in as a tracer gas in laboratory fume hood contaminant testing during the final stage fume hood qualification. It also pressurizes waveguides in high-power microwave systems. It is also used in feedstock for the production of chemical weapon Sulfur decaflouride. The use of Sulfur hexafluoride in gas insulated substation equipment that are designed to contain gas in sealed pressure system drives demand. Processes have been developed for the purpose of magnesium casting, where Sulfur hexafluoride is used to form a protective atmosphere of the gas mixture that prevents the formation of undesirable byproducts. In aluminum casting, Sulfur hexafluoride is applied as a degassing and refining agent. It is also used in the semiconductors in the form of an etching gas for plasma etching or as a cleaning gas for cleaning chambers after the etching process is over. Sulfur hexafluoride was used to dill Nike airbags during the year 1992 to 2006. Besides these, it is also a proffered plug or tamponade of a rental hole in repair operations of retinal detachments. Due to all the above reasons, Sulfur hexafluoride is highly demanded by different industries all across APAC region. The growing demand across the region and increase in number of diseases is also bolstering the growth of the medical industry. Thus, the growth in the medical sector is expected to create a significant demand for sulfur hexafluoride in the coming years, which is further anticipated to drive the market in APAC.

However, the outbreak of COVID-19 is expected to get worse in coming months affecting the economic stability of APAC. Although, China is the world’s leading raw material supplier for various industries and global manufacturing hub, it is the worst affected country due to COVID-19 outbreak in APAC followed by India which declared 10 weeks’ nationwide lockdown causing cease of business operations. Several governments across APAC are taking major actions such as travel bans, business shutdowns, and lockdowns to mitigate the COVID-19 outbreak, which on the other hand is affecting the revenue generation and growth opportunities in APAC.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Considering these factors the Asia Pacific sulfur hexafluoride market is expected to grow at a good CAGR during the forecast period.

APAC Sulfur Hexafluoride Market Revenue and Forecast to 2027 (US$ Mn)

APAC Sulfur Hexafluoride Market Segmentation

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

APAC Sulfur Hexafluoride Market-Companies Mentioned

• Air Liquide
• Linde plc
• Matheson Tri-Gas, Inc
• Solvay S.A.
• Kanto Denka Kogyo Co. Ltd
• Fujian Shaowu Yongfei Chemical Co. Ltd.
• SHOWA DENKA K.K.
• Chemix Gases
• Itwani Corporation

Asia Pacific Sulfur Hexafluoride Report Scope