Europe Sulfur Hexafluoride Market to Grow at a CAGR of 4.9% to reach US$ 57.35 Million from 2020 to 2027

Europe Sulfur Hexafluoride Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Grade (Electronic Grade, UHP Grade), End-user (Power and Energy, Electronics, Metal Manufacturing, Medical, and Others

  • Report Code : TIPRE00014326
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 82
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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 Revenue and Forecast to 2027 (US$ Mn)

 Europe Sulfur Hexafluoride Market Revenue and Forecast to 2027 (US$ Mn)
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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.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Grade, End-user (Power and Energy, Electronics, Metal Manufacturing, Medical, and Others

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

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. Sulfur Hexafluoride Market Landscape

4.1 Market Overview

4.1.1 Europe PEST Analysis

4.2 Expert Opinion

5. Europe Sulfur Hexafluoride Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing demand of Sulfur Hexafluoride from in Electronics Industry

5.1.2 Varied Application of Sulfur Hexafluoride in Medical Equipment

5.2 Market Restraints

5.2.1 Sulfur hexafluoride is dangerous for environment and humans

5.3 Market Opportunities

5.3.1 Adoption of HDVC transmission 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– Europe Market Analysis

6.1 Sulfur Hexafluoride Market Overview

6.2 Europe Sulfur Hexafluoride Market –Revenue and Forecast to 2027 (US$ Mn)

6.1 Market Positioning – Key Market Players

7. Europe Sulfur Hexafluoride Market Analysis – By Grade

7.1 Overview

7.2 Europe 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. Europe Sulfur Hexafluoride Market Analysis – By End Users

8.1 Overview

8.2 Europe 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 Europe Sulfur hexafluoride Market Breakdown, by Country

9.1.1.1 Germany Sulfur hexafluoride Market Revenue Forecasts to 2027 (US$ Mn)

9.1.1.1.1 Germany Sulfur hexafluoride Market Breakdown by Grade

9.1.1.1.2 Germany Sulfur hexafluoride Market Breakdown by End-User

9.1.1.2 France Sulfur hexafluoride Market Revenue Forecasts to 2027 (US$ Mn)

9.1.1.2.1 France Sulfur hexafluoride Market Breakdown by Grade

9.1.1.2.2 France Sulfur hexafluoride Market Breakdown by End-User

9.1.1.3 UK Sulfur hexafluoride Market Revenue Forecasts to 2027 (US$ Mn)

9.1.1.3.1 UK Sulfur hexafluoride Market Breakdown by Grade

9.1.1.3.2 UK Sulfur hexafluoride Market Breakdown by End-User

9.1.1.4 Italy Sulfur hexafluoride Market Revenue Forecasts to 2027 (US$ Mn)

9.1.1.4.1 Italy Sulfur hexafluoride Market Breakdown by Grade

9.1.1.4.2 Italy Sulfur hexafluoride Market Breakdown by End-User

9.1.1.5 Russia Sulfur hexafluoride Market Revenue Forecasts to 2027 (US$ Mn)

9.1.1.5.1 Russia Sulfur hexafluoride Market Breakdown by Grade

9.1.1.5.2 Russia Sulfur hexafluoride Market Breakdown by End-User

9.1.1.6 Rest of Europe Sulfur hexafluoride Market Revenue Forecasts to 2027 (US$ Mn)

9.1.1.6.1 Rest of Europe Sulfur hexafluoride Market Breakdown by Grade

9.1.1.6.2 Rest of Europe Sulfur hexafluoride Market Breakdown by End-User

10. Impact of COVID-19 Pandemic on Europe Sulfur Hexafluoride Market

10.1 Europe: 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 Products and Services

11.1.4 Financial Overview

11.1.5 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 Solvay S.A.

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 Air Liquide

11.4.1 Key Facts

11.4.2 Business Description

11.4.2.1 Products and Services

11.4.3 Financial Overview

11.4.4 SWOT Analysis

11.5 Iwatani Corporation

11.5.1 Key Facts

11.5.2 Business Description

11.5.3 Products and Services

11.5.4 Financial Overview

11.5.5 SWOT Analysis

11.5.6 Key Developments

11.6 Linde plc

11.6.1 Key Facts

11.6.2 Business Description

11.6.3 Products and Services

11.6.4 Financial Overview

11.6.5 SWOT Analysis

11.6.6 Key Developments

11.7 Matheson Tri-Gas, Inc.

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

12. Appendix

12.1 About The Insight Partners

12.2 Word Index

LIST OF TABLES

Table 1. Europe Sulfur Hexafluoride Market –Revenue and Forecast to 2027 (US$ Mn)

Table 2. Europe Sulfur Hexafluoride Market, by Country – Revenue and Forecast to 2027 (US$ Mn)

Table 3. Germany Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)

Table 4. Germany Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)

Table 5. France Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)

Table 6. France Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)

Table 7. UK Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)

Table 8. UK Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)

Table 9. Italy Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (USUS$ Mn)

Table 10. Italy Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)

Table 11. Russia Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)

Table 12. Russia Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)

Table 13. Rest of Europe Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)

Table 14. Rest of Europe Sulfur Hexafluoride Market, by End Users – Revenue and Forecast to 2027 (US$ Mn)

Table 15. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Sulfur Hexafluoride Market Segmentation

Figure 2. Europe Sulfur Hexafluoride Market Segmentation – By Country

Figure 3. Europe Sulfur Hexafluoride Market Overview

Figure 4. Power and Energy Segment Held Largest Share of Europe Sulfur Hexafluoride Market

Figure 5. Germany country Held Largest Share of Europe Sulfur Hexafluoride Market

Figure 6. Europe Sulfur Hexafluoride Market, Industry Landscape

Figure 7. PEST Analysis for Europe Sulfur hexafluoride Market

Figure 8. Expert Opinion

Figure 9. Europe Sulfur Hexafluoride Market Impact Analysis Of Driver And Restraints

Figure 10. Country Overview of Sulfur Hexafluoride Market

Figure 11. Europe Sulfur Hexafluoride Market – Revenue and Forecast to 2027 (US$ Mn)

Figure 12. Europe Sulfur Hexafluoride Market Breakdown, By Grade, 2018 &2027 (%)

Figure 13. Europe Electronic Grade in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 14. Europe UHP Grade in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 15. Europe Standard Grade in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 16. Europe Sulfur Hexafluoride Market Breakdown, by End Users, 2018 &2027 (%)

Figure 17. Europe Power and Energy in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 18. Europe Electronics in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 19. Europe Metal Manufacturing in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 20. Europe Medical in Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 21. Europe Othersin Sulfur Hexafluoride Market, Revenue and Forecast, 2017–2027 (US$ Mn)

Figure 22. Europe Sulfur hexafluoride Market Breakdown by Country, 2018 & 2027(%)

Figure 23. Germany Sulfur hexafluoride Market Revenue Forecasts To 2027 (US$ Mn)

Figure 24. France Sulfur hexafluoride Market Revenue Forecasts To 2027 (US$ Mn)

Figure 25. UK Sulfur hexafluoride Market Revenue Forecasts To 2027 (US$ Mn)

Figure 26. Italy Sulfur hexafluoride Market Revenue Forecasts To 2027 (US$ Mn)

Figure 27. Russia Sulfur hexafluoride Market Revenue Forecasts To 2027 (US$ Mn)

Figure 28. Rest of Europe Sulfur hexafluoride market Revenue Forecasts To 2027 (US$ Mn)

Figure 29. Impact of COVID-19 Pandemic in Europe Country Markets

The List of Companies - Europe Sulfur Hexafluoride Market

  1. Air Liquide
  2. Iwatani Corporation
  3. Linde plc
  4. Matheson Tri-Gas, Inc
  5. SHOWA DENKO K.K.
  6. Solvay  S.A.
  7. Fujian Shaowu Yongfei Chemical Co., Ltd.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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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