The global sulphur hexafluoride market is projected to amass a revenue of US$ 487.93 million by 2033 as opposed to US$ 288.37 million in 2023. The market is set to expand at a CAGR of 5.4% from 2023 to 2033. Escalating demand for electronic devices and electricity, as well as the increasing adoption of sulphur hexafluoride in the medical sector, is responsible for the growth of the sulphur hexafluoride market in the forecast period.

Electronic manufacturers fuel the demand for sulphur hexafluoride to develop large appliances with varied operating ranges and conditions. Thus, surging demand for household electronic appliances like TV, refrigerators, and mixers, among others, will drive the growth of the sulphur hexafluoride market over the upcoming years.

Sulphur hexafluoride is a colorless and odorless gas that is non-toxic, non-inflammable, and soluble in water. It has superior thermal, electrical, and chemical characteristics which makes the chemical an ideal fit for several applications. Sulphur hexafluoride, thus, finds application in several industries including power, medicine, electronics, glass, metal, and others.

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Competitive Landscape 

Solvay, Honeywell, Airgas, Concorde Specialty Gases, Yingde Gases, Fujian Shaowu Yongfei, and Advanced Specialty Gases, among others, are a few of the significant players in the sulphur hexafluoride market profiled in the full version of the report.

Prominent market players are keen on expanding their production facilities and establishing themselves in emerging economies. These organizations also employ various organic and inorganic business strategies.

More Insights Into Sulphur Hexafluoride Market 

FMI offers an unbiased analysis of the global sulphur hexafluoride market in its latest report, providing historical data and forecast statistics for 2023 to 2033. The report presents a study of a ten-year sales forecast, market drivers, restraints, trends, and opportunities. To understand the global market potential, growth, and scope, the market is segmented based on application, industry, and region.

FMI predicts that, based on segmentation, the power and energy category will dominate the global marketplace. This segment will create high demand for the market as a key end user. Based on region, developing regions like Brazil, China, and India will present immense potential in the market.

Read Related Report Link@ https://www.globenewswire.com/news-release/2023/03/29/2636563/0/en/Demand-in-Power-Energy-Sector-Drives-Sulphur-Hexafluoride-Market-to-grow-at-a-CAGR-of-5-4-to-reach-US-487-9-Million-by-2033-Report-by-Future-Market-Insights-Inc.html