North America Sulfur Hexafluoride Market Drivers and Forecasts by 2027

The North America Sulfur Hexafluoride market is expected to grow from US$ 49.56 million in 2019 to US$ 80.37 million by 2027; it is estimated to grow at a CAGR of 6.2% from 2020 to 2027.

US, Canada, and Mexico are the major economies in North America. High adoption of sulfur hexafluoride form in electronics industry. The application of Sulfur hexafluoride in the form of a dielectric medium in capacitors, switchgear, circuit breakers, and other electric appliances is a factor driving the growth of sulfur hexafluoride market. Sulfur hexafluoride possesses excellent properties that make it compatible with electrical appliances. Many appliances having an operating range of 33 KV to 800 KV can be made with the help of sulfur hexafluoride. These appliances are utilized in the power and energy generation plants, which further propels the demand for sulfur hexafluoride in energy and power industry. It allows simplified designs of medium and high voltage switchgear owing to its size & weight reduction, reliable handling, and maintenance. The use of sulfur hexafluoride in place of other conventional dielectric providers enables space savings, low weight, and operational safety of the equipment. The high molar heat capacity, together with low viscosity enables sulfur hexafluoride to transfer heat effectively. The thermal stability and high dielectric strength of sulfur hexafluoride offer outstanding cooling and insulating properties. The ability of Sulfur hexafluoride to be chemically inert, non-flammable, non-toxic, non-corrosive and remain gaseous even at low temperature is also bolstering the growth of the Electronics industry. Thus, the growth in the Electronics sector is expected to create a significant demand for sulfur hexafluoride in the coming years, which is further anticipated to drive the market in North America.

Presence of various emerging economies along with rapid industrialization, massive population, and rising disposable income among individuals are the major factors driving the growth of the North America sulfur hexafluoride market. However, the outbreak of COVID-19 is expected to get worse in coming months affecting the economic stability of North America. Although, US is the leading raw material supplier for various industries and manufacturing hub, it is the worst affected country due to COVID-19 outbreak in North America  followed by Canada which declared nationwide lockdown causing cease of business operations. Several governments across North America 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 North America.

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

 

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

North America Sulfur Hexafluoride Market Segmentation

North America Sulfur Hexafluoride Market – By Grade

• Electronic Grade
• UHP Grade
• Standard Grade

North America Sulfur Hexafluoride Market – By End User

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

North America Sulfur Hexafluoride Market, by Country

• US
• Canada
• Mexico

North America Sulfur Hexafluoride Market-Companies Mentioned

• Air Liquide
• Linde plc
• Matheson Tri- Gas, Inc
• Solvay S.A.
• Concorde Speciality Gases Inc.
• Fujian Shaowu Yongfei Chemical Co. Ltd.

North America Sulfur Hexafluoride Report Scope