About Fluoroelastomer
A fluoroelastomer is a fluorocarbon-based synthetic rubber. Fluroelastomers generally known for excellent chemical resistance. Fluoroelastomers are mixed with a variety of ingredients for the formation of required formulations. Some of the ingredients may be reactive or toxic hence they particularly mixed with this synthetic rubber to lowers their toxicity. Fluoroelastomer based products are able to provide excellent resistance to high temperature and chemicals. Thus, it is widely used for transport applications in automotive, chemical processing, oil and gas and other industries. This complex polymer allows stable extrusion and moulding processes for variety of rubber parts. It further fits in a wide range of processing constraints by decreasing the risk of failures. Hence, owing to this characteristics and advantages associated with it, the demand for fluoroelastomer is continue to rise across the globe.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.2% |
The market of Fluroelastomer is expected to grow with rising end user industries. Market specifically witnessing huge demand from automotive, aerospace, consumer durables, Chemical and other industries. Though the stringent environmental laws of governments and anti-dumping export duty around the world is creating burden on the market. Major players in the industry are AGC Chemicals Americas, 3M, other competitive players are gaining attention from the market. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Fluoroelastomer market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Dupont (United States), AGC Chemicals Americas (United States), 3M(United States), West American Rubber Company, LLC(United States), Goodyear Rubber Company (United States), The Chemours Company (United States), Asahi Glass Company (Japan), Solvay SA (Belgium), James Walker & Co. (UK) and Gujarat Fluorochemicals Limited (India) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Fluoroelastomer market by Type (Fluorocarbon elastomers, Fluorosilicone elastomers and Perfluoroelastomers) and Region.
On the basis of geography, the market of Fluoroelastomer has been segmented into
. If we see Market by End Use , the sub-segment i.e. Automotive will boost the Fluoroelastomer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. Copolymer will boost the Fluoroelastomer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Demand for Non-Reactive Materials in Number of Industries
Market Growth Drivers:
Rising Infrastructure of End Use Industries and Unique Features like Long Term Operability, Ability to Reduce Emission and Superior Resistance to Heat & to the Wide Range of Chemicals are Driving Demand for the Fluroelastomer
Challenges:
Least Applicable For Molten or Gaseous Alkali Metals
Restraints:
High Cost Compared to Other Fluorinated Hydrocarbons may hamper the Demand for Fluroelastomer
Opportunities:
High Suitability for Explosive Decomposition & Approval from FDA for Handling & Transportation of Highly Explosive Material Has Created Opportunity for the Market
Market Leaders and their expansionary development strategies
On October 31, 2023, Daikin Industries announced its intention to acquire DuPont Performance Materials' Mobility & Protection business, which includes its Viton™ and Daikin Fluoroelastomers™ brands. This acquisition is pending regulatory approvals.
In September 2023, Lanxess launched a new series of Viton™ B fluoroelastomers specifically designed for the harsh chemical environments encountered in the semiconductor industry. These new grades offer improved resistance to aggressive chemicals and high temperatures.
Key Target Audience
Fluroelastomer Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory, Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.