Fluoroelastomer Market Share | Global Industry Analysis Report

Fluoroelastomer Market Report, by Type (Fluorocarbon, Fluorosilicone, Perfluoroelastomers), Application (O-rings, Seals & Gaskets, Hoses), End-Use Industry (Automotive, Aerospace, Oil & Gas, Energy & Power, Chemical Processing, Semiconductor, Pharmaceutical & Food Processing) and Geography – Global Market Share, Trend Analysis & Forecast , 2019 - 2028

Report Code : cm2009 | Publish Date : Upcoming | Industry : Chemicals_Materials | Geography : Global

A Fluoroelastomer is a unique sort of fluorocarbon-based synthetic rubber that has superior resistance and performance in areas with high temperature. This elastomer performs well in extremely corrosive and high-temperature conditions.  However, it should meet specific requirements to withstand extreme environments. Due to its high resistance to temperature, chemical reaction, erosion and stress cracking. it is widely used in the chemical industry.

Fluoroelastomer Market Outlook

Global fluoroelastomers market is relied upon to observe significant development attributable to expanding use in vehicle industry because of superior sealing and mechanical properties as well as superior heat resistance. Rising interest aerospace industry for specific fluoroelastomers items including hoses and gaskets is expected to boost the growth of the market. Furthermore, Superior electrical insulation properties, great mechanical properties including protection from extraordinary temperature and degradation is likely to propel the market growth. Furthermore, high chemical resistance including resistance to aliphatic and aromatic hydrocarbons makes it one of the most widely used material in the industries which is expected to boost the growth of the market across the world.  In addition, Fluoroelastomers are gaining significance in pharmaceutical and food processing industry attributable to their resistance to withstand extreme weather conditions which is expected to drive fluoroelastomers market growth.

Fluoroelastomer Market Segmental Overview

The report analyses the global Fluoroelastomer based on type, application, end user and geography.

Fluoroelastomer Market by Type

Based on type, the global fluoroelastomers market can be classified into fluorocarbon, fluorosilicone, Perfluoroelastomers.

Fluorocarbon elastomers are known for its exceptional resistance properties towards heat, weathering, wide variety of fluids and chemicals. They are additionally known for its superb fixing and mechanical properties.  When compared with different fluoroelastomers, fluorocarbon elastomers are costly and has relatively different technology of compounding and curing. This fluorocarbon elastomers has high solvent resistance and has low resilience. Whereas, fluorosilicone elastomers are naturally UV and ozone safe and have a blend of fluorocarbon and silicone characteristics. Fluorosilicone elastomers are mostly used in aerospace fuel systems and in automotive industry to control fuel emissions.

Fluoroelastomer Market by Application

Fluoroelastomers are widely used as O-rings, seals, gaskets and hoses.

The high fluorine to hydrogen content makes them resistant to high temperature and oils. The usage of these in automotive, aerospace, and process industries is expected to grow significantly in the future, due to the rising consumer demand for high performance products.

 Fluoroelastomer Market by End User

Based on end user, the global fluoroelastomer market can be classified into automotive, aerospace, oil & gas, energy & power, chemical processing, semiconductors, pharmaceutical and food processing industries and others. Because of its prevalent sealing and mechanical properties the fluoroelastomer market has seen the ascent popular in automobile industry. Superior electrical insulation properties, ideal mechanical properties including protection from extraordinary temperature and degradation has prompted the utilization of fluoroelastomer in aerospace industry.

Fluoroelastomer Market by Geography

The key regional segments into which the global teeth whitening products market is divided are North America, Europe, Asia Pacific, and the Rest of the World.

Asia pacific accounted for largest market share in terms of fluoroelastomers consumption attributed to expanding application ventures including automotive, pharmaceutical and processing. High capital interests in coatings industry from the rising economies like India and China is additionally expected to drive the development of fluoroelastomer in the forecast period. North America contributed for a significant market share of fluoroelastomers market, showcase attributable to its tremendous interest from aerospace and automotive industries. Middle East contributed for significant share of market because of widespread use in oil and gas industries in the region. Europe contributed for a noteworthy offer of fluoroelastomers market where the significant amount of demand came up were Spain, Germany and UK.

Fluoroelastomer Market Key Players

Key Market Players active in the market are Daikin Industries Limited Dupont De Nemours & Company, Zrunek Gummiwaren GmbH, Zhonghao Chenguang Research Institute of Chemical Industry, Solvay SA, Asahi Glass Co. Ltd, 3M Company, Shanghai Fluoron Chemicals Co. Ltd., Halopolymer Ojsc, Dongyue Group Ltd, Chenguang Fluoro & Silicone Elastomers Co., Ltd. and Eagle Elastomer Inc. among others

The fluroelastomers market is segmented based on types, applications, end user and geography. Rising interest for fluoroelastomers from the automotive, aviation, and semiconductor ventures is driving the fluoroelastomers market, across the world.

The types covered in the market are fluorocarbon elastomers, fluorosilicone elastomers and perfluoroelastomers. Fluoroelastomers are used in the manufacture of O-rings, seals & gaskets, and hoses.  End-use industries such as automotive, aerospace, oil & gas, energy & power, semiconductors, chemical processing, pharmaceutical, food processing, and others. The growth of these end-use industries in turn is expected to drive the growth of the fluoroelastomers market.

The key regional segments into which the global fluroelastomer is divided are North America, Europe, Asia Pacific, & Rest of the world. Asia pacific accounted for largest market share in terms of fluoroelastomers consumption as there is a strong demand for this class of synthetic rubber in the Asia Pacific region.

Why to buy this report:

  • The report offers changing market dynamics in the fluoroelastomers market, presenting historical, current and projected market size in terms of value (USD Billion) & volume (Tons)
  • The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of fluoroelastomers
  • It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on fluoroelastomers market performance
  • The report also offers strategic recommendations in key business segments based on the market estimations and competitive landscape, mapping the key common trends of fluoroelastomers