Sulphur Hexafluoride Market Expected to Reach USD 487.93 Million by 2033, Reflecting 5.4% CAGR
The global sulphur hexafluoride market is projected to amass a revenue of USD 487.93 million by 2033 as opposed to USD 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 so as 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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