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Fluoroelastomers Market (Type - Meta Description: FKM, FVMQ, and FFKM; Application - O-rings, Seals & Gaskets, and Hoses; End-user - Automotive, Aerospace, Chemicals, Oil & Gas, Pharmaceutical & Food, and Energy & Power): Global Industry Analysis, Trends, Size, Share and Forecasts to 2027

  • Published : January, 2022

  • Rep Id : CM00892

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on the fluoroelastomers market provides in-depth analysis of segments and sub-segments in the global as well as regional fluoroelastomers market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional fluoroelastomers market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global fluoroelastomers market. According to the report, the global fluoroelastomers market is projected to reach USD 1960.7 million by 2027 from USD 1651.8 million in 2021, growing at a CAGR of 2.90% over the forecast period of 2021-2027.

 

Market Insight

Fluoroelastomer is a class of synthetic rubber having a wide range of applications helping to overcome the problems faced by conventional rubber. They are been majorly used as they have high reliability, require less maintenance, and undergo minimum change to environmental conditions. Fluoroelastomers are highly resistant to high temperatures, heat, and chemical changes that occur in the environment. Fluoroelastomer offers several properties such as low gas absorption rate, compression, and ozone resistance that have been explored and are being used in various sectors such as petrochemical, aerospace, automotive, pharmaceutical, and food processing. The higher percentage of fluorine in the elastomer, offers better resistance to swell and degradation. They are also well known for their mechanical and sealing properties therefore they are being majorly used in food processing, pharmaceutical industries, and chemical industries across the globe

 

With the advancement in new technologies, the automotive industry is changing its designs and focusing more on making lighter weight substitute resources to cope with the growing demand for more fuel-efficient vehicles. Moreover, the advancement in the air management system is also integrated to improve fuel efficiency in vehicles. Fluoroelastomers are non-biodegradable chemicals so environmental sustainability is one of the major concerns for the fluoroelastomers industry. Major application areas requiring materials with extreme resistance to heat and chemicals are expected to propel the usage and development of fluoroelastomers in the upcoming years

 

Among the regions, Asia Pacific accounted for the largest share in the global Fluoroelastomers Market. This region consists of the largest economic countries such as China, Japan, India, etc. China has GDP China is the largest economy, in terms of GDP and one of the biggest production houses in the world. The country’s automotive sector has been shaping up for product evolution, with the country focusing more on manufacturing products, in order to ensure that they grow economically strong and to minimize emissions. However, the North American region is anticipated to grow with the highest rate in the global Fluoroelastomers Market over the forecast period. The growth is attributed to the increasing demand for Fluoroelastomers from the automotive and aerospace industries The technological advancements and rising demanding the end-use industries to propel its market growth in forecasting years

 

global-fluoroelastomers-market


Segment Covered

The report on global fluoroelastomers market covers segments such as type, application, and end-user. On the basis of type, the sub-markets include FKM, FVMQ, and FFKM. On the basis of application, the sub-markets include O-rings, seals & gaskets, and hoses. On the basis of end-user, the sub-markets include automotive, aerospace, chemicals, oil & gas, pharmaceutical & food, and energy & power.

 

Companies Profiled:

The report provides profiles of the companies in the market such as The Chemours Company, Solvay SA, 3M, Honeywell International Inc, Northwest Rubber Extruders, Inc, IGS Industries, Vanguard Products Corp, Precision Associates, Accutrex Products, and Standard Rubber Products Co.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the fluoroelastomers market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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