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)
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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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Grade, End-user
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. APAC Sulfur Hexafluoride Market Landscape
4.1 Market Overview
4.2 APAC PEST Analysis
4.3 Expert Opinion
5. APAC Sulfur Hexafluoride Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Demand of Sulfur Hexafluoride from in Electronics Industry
5.1.2 Various uses of Sulfur Hexafluoride in Medical Equipment
5.2 Market Restraints
5.2.1 Environment and human hazards related to Sulfur hexafluoride
5.3 Market Opportunities
5.3.1 HDVC transmission adoption in developing nations
5.4 Future Trends
5.4.1 Mitigating options pertaining to Sulfur hexafluoride emissions
5.5 Impact Analysis Of Drivers And Restraints
6. Sulfur Hexafluoride– APAC Market Analysis
6.1 Sulfur Hexafluoride Market Overview
6.2 APAC Sulfur Hexafluoride Market –Revenue and Forecast to 2027 (US$ Mn)
6.1 Market Positioning – Key Market Players
7. APAC Sulfur Hexafluoride Market Analysis – By Grade
7.1 Overview
7.2 APAC Sulfur Hexafluoride Market Breakdown, By Grade, 2018 &2027
7.3 Electronic Grade
7.3.1 Overview
7.3.2 Electronic Grade in Sulfur Hexafluoride Market, Revenue Forecast to 2027 (US$ Mn)
7.4 UHP Grade
7.4.1 Overview
7.4.2 UHP Grade in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 Standard Grade
7.5.1 Overview
7.5.2 Standard Grade in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)
8. APAC Sulfur Hexafluoride Market Analysis – By End Users
8.1 Overview
8.2 APAC Sulfur Hexafluoride Market Breakdown, By End Users, 2018 &2027
8.3 Power and Energy
8.3.1 Overview
8.3.2 Power and Energy in Sulfur Hexafluoride Market, Revenue Forecast to 2027 (US$ Mn)
8.4 Electronics
8.4.1 Overview
8.4.2 Electronics in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)
8.5 Metal Manufacturing
8.5.1 Overview
8.5.2 Metal Manufacturing in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)
8.6 Medical
8.6.1 Overview
8.6.2 Medical in Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)
8.7 Others
8.7.1 Overview
8.7.2 Othersin Sulfur Hexafluoride Market, Revenue and Forecast to 2027 (US$ Mn)
9. Sulfur hexafluoride Market – Country Analysis
9.1 Overview
9.1.1 APAC Sulfur hexafluoride Market Breakdown, by Country
9.1.1.1 Australia Sulfur hexafluoride Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.1.1 Australia Sulfur hexafluoride Market Breakdown by Grade
9.1.1.1.2 Australia Sulfur hexafluoride Market Breakdown by End-User
9.1.1.2 China Sulfur hexafluoride Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.2.1 China Sulfur hexafluoride Market Breakdown by Grade
9.1.1.2.2 China Sulfur hexafluoride Market Breakdown by End-User
9.1.1.3 India Sulfur hexafluoride Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.3.1 India Sulfur hexafluoride Market Breakdown by Grade
9.1.1.3.2 India Sulfur hexafluoride Market Breakdown by End-User
9.1.1.4 Japan Sulfur hexafluoride Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.4.1 Japan Sulfur hexafluoride Market Breakdown by Grade
9.1.1.4.2 Japan Sulfur hexafluoride Market Breakdown by End-User
9.1.1.5 South Korea Sulfur hexafluoride Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.5.1 South Korea Sulfur hexafluoride Market Breakdown by Grade
9.1.1.5.2 South Korea Sulfur hexafluoride Market Breakdown by End-User
9.1.1.6 Rest of APAC Sulfur hexafluoride Market Revenue and Forecasts to 2027 (US$ Mn)
9.1.1.6.1 Rest of APAC Sulfur hexafluoride Market Breakdown by Grade
9.1.1.6.2 Rest of APAC Sulfur hexafluoride Market Breakdown by End-User
10. Impact of COVID-19 Pandemic on APAC Sulfur Hexafluoride Market
10.1 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
11. Company Profiles
11.1 Fujian ShaowuYongfei Chemical Co., Ltd.
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.2 SHOWA DENKO K.K.
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.3 Chemix Gases
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.4 Solvay S.A.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.5 Kanto Denka Kogyo Co., Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.2.1 Products and Services
11.5.3 Financial Overview
11.5.4 SWOT Analysis
11.6 Air Liquide
11.6.1 Key Facts
11.6.2 Business Description
11.6.2.1 Products and Services
11.6.3 Financial Overview
11.6.4 SWOT Analysis
11.7 Iwatani Corporation
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Linde plc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Matheson Tri-Gas, Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
12. Appendix
12.1 About The Insight Partners
12.2 Word Index
LIST OF TABLES
Table 1. APAC Sulfur Hexafluoride Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. Asia-Pacific Sulfur Hexafluoride Market, by Country – Revenue and Forecast to 2027 (US$ Mn)
Table 3. Australia Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)
Table 4. Australia Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)
Table 5. China Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)
Table 6. China Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)
Table 7. India Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)
Table 8. India Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)
Table 9. Japan Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)
Table 10. Japan Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)
Table 11. South Korea Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)
Table 12. South Korea Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)
Table 13. Rest of APAC Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)
Table 14. Rest of APAC Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)
Table 15. List of Abbreviation
LIST OF FIGURES
Figure 1. APAC Sulfur Hexafluoride Market Segmentation
Figure 2. Sulfur Hexafluoride Market Segmentation – By Country
Figure 3. APAC Sulfur Hexafluoride Market Overview
Figure 4. Power and Energy Segment Held Largest Share of APAC Sulfur Hexafluoride Market
Figure 5. China country Held Largest Share of APAC Sulfur Hexafluoride Market
Figure 6. APAC Sulfur Hexafluoride Market, Industry Landscape
Figure 8. PEST Analysis for APAC Sulfur hexafluoride Market
Figure 9. Expert Opinion
Figure 10. APAC Sulfur Hexafluoride Market Impact Analysis Of Driver And Restraints
Figure 11. Country Overview of Sulfur Hexafluoride Market
Figure 12. APAC Sulfur Hexafluoride Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 13. APAC Sulfur Hexafluoride Market Breakdown, By Grade, 2018 &2027 (%)
Figure 14. APAC Electronic Grade in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 15. APAC UHP Grade in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 16. APAC Standard Grade in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 17. APAC Sulfur Hexafluoride Market Breakdown, by End Users, 2018 &2027 (%)
Figure 18. APAC Power and Energy in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 19. APAC Electronics in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 20. APAC Metal Manufacturing in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 21. APAC Medical in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 22. APAC Othersin Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)
Figure 23. APAC Sulfur hexafluoride Market Breakdown by Country, 2018 & 2027(%)
Figure 24. Australia Sulfur hexafluoride Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 25. China Sulfur hexafluoride Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 26. India Sulfur hexafluoride Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 27. Japan Sulfur hexafluoride Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 28. South Korea Sulfur hexafluoride Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 29. Rest Of APAC Sulfur hexafluoride Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 30. Impact of COVID-19 Pandemic in Asia-Pacific Country Markets
The List of Companies - Asia Pacific Sulfur Hexafluoride Market
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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