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(Medical-NewsWire.com, September 19, 2018 ) Industry Outlook and Trend Analysis
The Sulfur Hexafluoride (SF6) Market was worth USD 164.14 million in 2014 and is expected to reach approximately USD 276.16 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.95% during the forecast period. Increasing demand for the gas as a dielectric medium in electrical industry is anticipated to drive the business development. The developing usage of the product in power and energy industry for the assembling of high voltage transformers, circuit breakers, and switchgears is foreseen to impel the demand. The acquisition cost of raw materials usage as a part of the generation of SF6, for example, fluorine, sulfur, cobalt (III) fluoride, and bromine is high because of their risky nature and complex assembling forms. This factor, hence, in the long run expands the creation cost of the end use SF6.
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Competitive Insights
The leading players in the market are Showa Denko, KANTO DENKA KOGYO CO LTD, Matheson, Honeywell and Advanced Specialty Gases. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
Product Outlook and Trend Analysis
Industrially, the product is accessible in three significant evaluations: electronic, UHP, and standard. The choice of the product review relies upon the desired end-use application. For example, standard grade product is used to fabricate high-voltage circuit breakers and switch gears, though UHP grade is used for medical applications. Electronic grade sulfur hexafluoride is broadly grade as a part of the assembling of photovoltaic panels, integrated circuits, microelectricalmechanical systems (MEMS), flat panels, and semiconductors.
Application Outlook and Trend Analysis
The product discovers application in medical, electronics, power & energy, and metal manufacturing. SF6 is used for different purposes, for example, casting of magnesium, in non-invasive medical surgeries, manufacturing of insulated glazing windows and manufacturing of high-voltage circuit breakers. Power and vitality application represented the biggest share of the market in 2016 and the pattern is foreseen to proceed over the conjecture time frame.
Regional Outlook and Trend Analysis
Central & South America is anticipated to be the quickest developing business sector for SF6 developing significantly over the conjecture time frame predominantly because of the developing urbanization and infrastructural development in the area, which is setting off the interest for electrical equipment, and, in, turn, boosting the demand for SF6.
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The Sulfur Hexafluoride (SF6) Market is segmented as follows-
By Product:
UHP Grade
Standard Grade
Electronic Grade
By Application:
Medical
Electronics
Power & Energy
Metal Manufacturing
Others
By Regions:
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Southeast Asia
Rest of Asia Pacific
South America
Brazil
Argentina
Columbia
South Africa
Rest of South America
The Middle East and Africa
Saudi Arabia
UAE
Egypt
Nigeria
South Africa
Rest of MEA
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Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
Qurate Business Intelligence
Nehal Chinoy
+919881074592
nehal@qurateresearch.com
Source: EmailWire.Com 
Source: EmailWire.com
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