Industry Background:
Fluoroelastomers, also called fluorocarbon elastomers, are fluorinated synthetic polymers made by copolymerizing various combinations of vinylidene fluoride (CH2=CF2), hexafluoropropylene (CF2=CFCF3), chlorotrifluoroethylene (CF2=CFCl), and tetrafluoroethylene designed for harsh environments including aggressive chemical and temperature applications. It is a vital polymer that has long-term reliability, with minimum change to the environment, and has specifically designed to be highly resistant to elevated temperatures – 204°C continuous and 300°C intermittent and aggressive chemical changes. It is primarily used in seals and other fabricated parts to provide barriers against numerous types of fluids under severe service conditions.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | 3M (United States), Daikin Industries (Japan), The Chemours Company (United States), Solvay SA (Belgium), Gujarat Fluorochemicals Limited (India), Asahi Glass Company (Japan), Dongyue Group (China), Halopolymer OJSC (Russia), James Walker & Co. (United Kingdom) and Shin-Etsu Chemicals (Japan) |
According to AMA, the market for Fluoroelastomers is expected to register a CAGR of 2.6% during the forecast period to 2027. This growth is primarily driven by High Demand for Sealing and Fluid Transport Applications in Automotive, Oil and Gas, Chemical Processing, Small Engine, and Other Harsh Sealing Environments and Stringent Emission Norms in the Automotive Industry.
Globally, a noticeable market trend is evident High Demand for Fuel Efficient and Low Emission Vehicles. Major Vendors, such as 3M (United States), Daikin Industries (Japan), The Chemours Company (United States), Solvay SA (Belgium), Gujarat Fluorochemicals Limited (India), Asahi Glass Company (Japan), Dongyue Group (China), Halopolymer OJSC (Russia), James Walker & Co. (United Kingdom) and Shin-Etsu Chemicals (Japan) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In May 2022- The Chemours Company a global chemistry company partnered with Viton to launch the new industry-leading sustainable process innovation to produce Advanced Polymer Architecture (APA) grade Viton fluoroelastomers, without the use of a fluorinated polymerization aid.
In May 2022- the BOLDR Supply Co. company launch the new Druber strap is made from fluoroelastomer rubber, a super-strong & durable material that’s resistant to extreme temperatures. It fits neatly by integrating into the lugs & case while feeling soft and comfortable on the wrist.
Market Drivers
- High Demand for Sealing and Fluid Transport Applications in Automotive, Oil and Gas, Chemical Processing, Small Engine, and Other Harsh Sealing Environments
- Stringent Emission Norms in the Automotive Industry
Market Trend
- High Demand for Fuel Efficient and Low Emission Vehicles
Restraints
- High Cost of Fluoroelastomers
Opportunities
Growth in the Major End-user Industry and Increasing Application of Fluoroelastomers in Aerospace Industry will Create Future Demand
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Fluoroelastomers Study Sheds Light on
The Fluoroelastomers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Fluoroelastomers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fluoroelastomers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.