Global Hexafluoroethane Market: Introduction
Hexafluoroethane is odorless, insoluble in water, slightly soluble in alcohol, and colorless, inactive gas. Its molecular formula is C2F6. The blend of hexafluoroethane is nonflammable and nontoxic; however, asphyxiation can arise due to displacement of oxygen. Under a sustained exposure to fire or intense heat the containers can rupture violently and rocket. Hexafluoroethane is also known as perfluoroethane. Ethane is the product of all the six hydrogen atoms replaced by fluorine atoms after, halogenated hydrocarbons (chemical formula: C2F6), is also the hydrocarbons ethane corresponding perfluorinated compounds.
Global Hexafluoroethane Market: Trends & Developments
Demand for hexafluoroethane is increasing due to rise demand from the electrical industry. Increase in use of semiconductor in various electronic goods propels the demand for hexafluoroethane. Moreover, rise in demand for insulating gas is anticipated to propel the hexafluoroethane market. However, hexafluoroethane is harmful for living beings, especially on their reproductive system, inhibits the market. Increase in R&D activities is expected to create opportunity in the market.
Global Hexafluoroethane Market: Segmentation
The global hexafluoroethane market can be segmented based on product type, application, and region. In terms of product type, the hexafluoroethane market can be segregated into 0.99, 0.9, and others. The 0.99 segment accounted for a major share of hexafluoroethane market due to their wide application range in industry. Based on application, the hexafluoroethane market can be divided into insulating gasses, plasma etching agents, high dielectric strength coolants, and others. Among these applications, the growing demand for hexafluoroethane in dielectric strength coolant, and insulating gas is majorly driving the market growth. Hexafluoroethane is used as a versatile etchant in semiconductor manufacturing. It can be used for selective etching of metal silicides and oxides versus their metal substrates and for etching of silicon dioxide over silicon. Primary aluminum and semiconductor manufacturing industries are the major drivers of hexafluoroethane.
Global Hexafluoroethane Market: Regional Outlook
Based on region, the global hexafluoroethane market can be categorized into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Asia Pacific is a major region of the global hexafluoroethane market, as China is the major industry of electronics, especially for semiconductors, anticipated to drive the hexafluoroethane market. Significant change in the economies environment in Asia Pacific impacted the momentous growth in electric industry in Asia Pacific. This, in turn, fuels the hexafluoroethane market. The hexafluoroethane market in Europe and North America is estimated expand at a sluggish pace due to a shift of the electric industry majorly to Asia Pacific. Moreover, implementation of strict regulatory norms and growing health concern in Europe and North America are likely to inhibit the hexafluoroethane market during the forecast period. The hexafluoroethane market in Middle East & Africa and Latin America is projected to expand at a sluggish pace during the forecast period due to the limited application industries in these regions.
Global Hexafluoroethane Market: Key Players
Key players operating in the global hexafluoroethane market are Air Products & Chemicals Inc, Huate Gas, Electronic Fluorocarbons LLC, Versum Materials, ARCAD Ophtha, Praxair, Linde (BOC), Daikin America, Inc., Solvay S.A., DuPont, and 3M.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.