Middle East and Africa Sulfur Hexafluoride Market to Grow at a CAGR of 3.9% to reach US$ 27.62 Million from 2020 to 2027

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

  • Report Code : TIPRE00014321
  • Category : Chemicals and Materials
  • Status : Published
  • No. of Pages : 70
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The sulfur hexafluoride market in MEA is expected to grow from US$ 20.32 million in 2019 to US$ 27.62 million by 2027; it is estimated to grow at a CAGR of 3.9% from 2020 to 2027.

South Africa, Saudi Arabia, UAE, and Rest of MEA are the major economies in MEA. Sulfur Hexafluoride (SF6) is mainly used in electric-power industry. Sulfur hexafluoride possesses excellent properties that make it compatible with electrical appliances. The thermal stability and high dielectric strength of Sulfur hexafluoride proffer outstanding cooling and insulating properties. 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 MEA Sulfur hexafluoride market. 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 the energy and power industries. Sulfur hexafluoride 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. Besides this the ability of Sulfur hexafluoride to be chemically inert, non-flammable, non-toxic, non-corrosive and remain gaseous even at low temperature is expected to create a significant demand for electric instruments in the coming years, which is further anticipated to drive the sulfur hexafluoride market in MEA.

However, the outbreak of COVID-19 is expected to get worse in coming months affecting the economic stability of MEA. Although, UAE is the leading raw material supplier for various industries and manufacturing hub, it is the worst affected country due to COVID-19 outbreak in MEA where business operations were ceased due to lockdown. Several governments across MEA 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 MEA.

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 MEA sulfur hexafluoride market is expected to grow at a good CAGR during the forecast period.

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

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

MEA Sulfur Hexafluoride Market – By Grade

  • Electronic Grade
  • UHP Grade
  • Standard Grade

MEA Sulfur Hexafluoride Market – By End User

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

MEA Sulfur Hexafluoride Market, by Country

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

MEA Sulfur Hexafluoride Market-Companies Mentioned

  • Linde plc
  • Iwatani Corporation
  • Air Liquide
  • Solvay S.A.
  • SHOWA DENKO K.K.
Report Coverage
Report Coverage

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

Segment Covered
Segment Covered

Grade, End-user

Regional Scope
Regional Scope

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

Country Scope
Country Scope

Saudi Arabia

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 Middle East and Africa

4.2 Expert Opinion

5. Sulfur Hexafluoride Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Sulfur hexafluoride (SF6) is used mainly in the electric-power industry

5.1.2 Different Applications of Sulfur Hexafluoride in Medical Instruments

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– MEA Market Analysis

6.1 Sulfur Hexafluoride Market Overview

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

6.3 Market Positioning – Key Market Players

7. MEA Sulfur Hexafluoride Market Analysis – By Grade

7.1 Overview

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

8.1 Overview

8.2 MEA 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 Middle East and Africa Sulfur hexafluoride Market Breakdown, by Key Countries

9.1.1.1 South Africa Sulfur hexafluoride Market Revenue and Forecast to 2027 (US$ Mn)

9.1.1.1.1 South Africa Sulfur hexafluoride Market Breakdown by Grade

9.1.1.1.2 South Africa Sulfur hexafluoride Market Breakdown by End-User

9.1.1.2 Saudi Arabia Sulfur hexafluoride Market Revenue and Forecast to 2027 (US$ Mn)

9.1.1.2.1 Saudi Arabia Sulfur hexafluoride Market Breakdown by Grade

9.1.1.2.2 Saudi Arabia Sulfur hexafluoride Market Breakdown by End-User

9.1.1.3 U.A.E Sulfur hexafluoride Market Revenue and Forecast to 2027 (US$ Mn)

9.1.1.3.1 U.A.E Sulfur hexafluoride Market Breakdown by Grade

9.1.1.3.2 U.A.E Sulfur hexafluoride Market Breakdown by End-User

9.1.1.4 Rest of Middle East and Africa Sulfur hexafluoride Market Revenue and Forecast to 2027 (US$ Mn)

9.1.1.4.1 Rest of Middle East and Africa Sulfur Hexafluoride Market Breakdown by Grade

9.1.1.4.2 Rest of Middle East and Africa Sulfur hexafluoride Market Breakdown by End-User

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

10.1 Middle East and Africa: Impact Assessment of COVID-19 Pandemic

11. Company Profiles

11.1 SHOWA DENKO K.K.

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 Solvay S.A.

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 Air Liquide

11.3.1 Key Facts

11.3.2 Business Description

11.3.2.1 Products and Services

11.3.3 Financial Overview

11.3.4 SWOT Analysis

11.4 Iwatani Corporation

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

11.4.6 Key Developments

11.5 Linde plc

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

12. Appendix

12.1 About The Insight Partners

12.2 Word Index

LIST OF TABLES

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

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

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

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

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

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

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

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

Table 9. Rest of MEA Sulfur Hexafluoride Market, by Grade – Revenue and Forecast to 2027 (US$ Mn)

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

Table 11. List of Abbreviation


LIST OF FIGURES

Figure 1. MEA Sulfur Hexafluoride Market Segmentation

Figure 2. MEA Sulfur Hexafluoride Market Segmentation – By Country

Figure 3. MEA Sulfur Hexafluoride Market Overview

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

Figure 5. UAE Country Held Largest Share of MEA Sulfur Hexafluoride Market

Figure 6. MEA Sulfur Hexafluoride Market, Industry Landscape

Figure 7. PEST Analysis for MEA Sulfur hexafluoride Market

Figure 8. Expert Opinion

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

Figure 10. Country Overview of Sulfur Hexafluoride Market

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

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

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

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

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

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

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

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

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

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

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

Figure 22. Middle East and Africa Sulfur hexafluoride Market Breakdown By Key Countries, 2018 & 2027(%)

Figure 23. South Africa Sulfur hexafluoride Market Forecasts To 2027 (US$ Mn)

Figure 24. Saudi Arabia Sulfur hexafluoride Market Forecasts To 2027 (US$ Mn)

Figure 25. U.A.E Sulfur hexafluoride Market Forecasts To 2027 (US$ Mn)

Figure 26. Rest Of Middle East And Africa Sulfur hexafluoride Market Forecasts To 2027 (US$ Mn)

Figure 27. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets

The List of Companies - Middle East and Africa Sulfur Hexafluoride Market 

  1. Linde Plc
  2. Iwatani Corporation
  3. Air Liquide
  4. Solvay S.A.
  5. SHOWA DENKO K.K.

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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