The price trend of sulfur hexafluoride in the first two quarters of 2023 faced significant challenges primarily due to subdued feedstock market activities. The decline in procurement rates from end-users, fluctuating market sentiments, and decreasing interest from buyers contributed to the weakening trend in Asia. Europe experienced similar issues with low buyer interest and a downturn in the oil and petroleum sectors, causing sulfur hexafluoride prices to drop. In North America, decreased consumption by downstream industries, uncertainties in the economy, and challenges in the fertilizer and agricultural sectors further contributed to the declining price trend of sulfur hexafluoride.
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Definition
Sulfur hexafluoride (SF6) is a colorless, odorless, non-flammable, and highly stable gas composed of one sulfur atom and six fluorine atoms. It is commonly used as an insulating gas in electrical equipment, such as high-voltage circuit breakers, due to its excellent dielectric properties and thermal stability. SF6 is also used in the semiconductor industry for plasma etching processes and in the medical field as a contrasting agent for ultrasound imaging. Its unique properties make it suitable for various industrial applications, but its high global warming potential has raised environmental concerns.
Key Details About the Sulfur Hexachloride Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Sulfur Hexachloride in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Sulfur Hexachloride Price chart, including India Sulfur Hexachloride price, USA Sulfur Hexachloride price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Sulfur Hexachloride Price Trend:
Sulfur hexafluoride (SF6) finds diverse industrial applications due to its unique properties. It is widely used as an insulating gas in high-voltage electrical equipment like circuit breakers and switchgear, ensuring reliable and safe operation. SF6’s non-reactive nature makes it ideal for use in the semiconductor industry for plasma etching processes, aiding in microchip manufacturing. Additionally, SF6 is employed in the medical field as a contrast agent for ultrasound imaging, enhancing visualization. Despite its usefulness, SF6’s high global warming potential has led to efforts to find alternatives in some applications to mitigate its environmental impact.
Key Players:
- The Dow Chemical Company
- BASF SE
- Gujarat Alkalies and Chemical Limited
- Kemira Chemicals Inc
- Shandong Haihua Group Co Ltd
- INEOS Newton Aycliffe Ltd
- Solvay Chemicals
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