Europe Sulfur Hexafluoride Market Dynamics and Trends by 2027

The Sulfur Hexafluoride market in Europe is expected to grow from US$ 39.12 million in 2019 to US$ 57.35 million by 2027; it is estimated to grow at a CAGR of 4.9% from 2020 to 2027.

Germany, France, UK, Italy, Russia, and Rest of Europe are the major economies in Europe. Different implementation of sulfur hexafluoride in medical equipment. The governments of various economies are taking several measures to attract private investments in Medical equipment and infrastructure development. The regional government works toward attracting huge FDIs in infrastructure and Medical equipment activities in the country. 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. Due to all the above reasons, Sulfur hexafluoride is highly demanded by different industries all across the European region. Sulfur hexafluoride was used to dill Nike airbags during the year 1992 to 2006. It is also a proffered plug or tamponade of a rental hole in repair operations of retinal detachments is also bolstering the growth of the Medical industry. Thus, the growth in the Medical equipment sector is expected to create a significant demand for sulfur hexafluoride in the coming years, which is further anticipated to drive the market in Europe.

However, the outbreak of COVID-19 is expected to get worse in coming months affecting the economic stability of Europe. Although, Germany is the leading raw material supplier for various industries and manufacturing hub, it is the worst affected country due to COVID-19 outbreak in Germany. Several governments across Europe 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 Europe.

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

Europe Sulfur Hexafluoride Market Segmentation

Europe Sulfur Hexafluoride Market – By Grade

• Electronic Grade
• UHP Grade
• Standard Grade

Europe Sulfur Hexafluoride Market – By End User

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

Europe Sulfur Hexafluoride Market, by Country

• Germany
• France
• Italy
• UK
• Russia
• Rest of Europe

Europe Sulfur Hexafluoride Market-Companies Mentioned

• Air Liquide
• Iwatani Corporation
• Linde plc
• Matheson Tri-Gas, Inc
• SHOWA DENKO K.K.
• Solvay  S.A.
• Fujian Shaowu Yongfei Chemical Co., Ltd.

Europe Sulfur Hexafluoride Report Scope