Industry Background:
Fluorocarbon rubber produced by copolymerizing various combinations of vinylidene fluoride, hexafluoropropylene, chlorotrifluoroethylene, and tetrafluoroethylene. It is characterized by its good thermal and chemical properties and is resistant to mineral acids, fats, oils ad other chemicals. Fluorocarbon rubber is used in various applications such as seals, cable insulation, linings, protective gloves, and others in the automotive, aerospace, oil & gas, electronics industries.
According to AMA Research, the market for Fluorocarbon Rubber is expected to register a CAGR of 2.5% during the forecast period to 2030. This growth is primarily driven by Growing Deman for Rubber in Various Industrial Applications
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Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Diversified Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as DuPont de Nemours, Inc. (United States), 3M (United States), Daikin Industries, Ltd. (Japan), Solvay (Belgium), AGC Inc. (Japan), Shin-Etsu Chemical Co., Ltd. (Japan), Dow Corning (United States), Wacker Chemie AG (Germany), Daikin Chemical (Japan), RADO Gummi GmbH (Germany) and HaloPolymer (Russia), 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:
On August 9, 2023, Solvay completed the acquisition of Chemours' fluoroelastomer business, including its Tecnoflon™ FKM and Aflas™ brands. This deal strengthens Solvay's position as a leading global supplier of fluororubber solutions.
On November 17, 2023, Solvay and Arkema signed a memorandum of understanding to explore the potential for joint development and production of high-performance fluoropolymers. This could lead to new fluorocarbon rubber grades with improved properties for various applications.The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing towards the production technologies, efficiency enhancement and product life. There is various growth opportunity in this market which is captured by leading players via tracking the ongoing process enhancement and huge invest in market growth strategies.
Regulatory Insights:
"According to the FDA, For high-temperature and chemical resistance. It’s transparent underwater but does not absorb it. Working temperature scope is measured to be between -20°C and +205°C (intermittent/compound-specific between -45°C and +230°C). These O Rings are used in mechanical devices demanding optimum resistance to high temperatures and liquids. Hence the reason, fluorocarbon is generally used in aircraft engines and automotive fuel handling systems."
Influencing Trend:
Increasing Usage of Fluorocarbon Rubber in Automotive and Aerospace Industry
Market Growth Drivers:
Growing Deman for Rubber in Various Industrial Applications and Need for the Chemical, and Thermal Properties in Elastomeric Products
Challenges:
Stringent Regulatory Compliances with the Production and Usage of Fluorocarbon Rubber
Restraints:
Adverse Environmental Impact of Fluorocarbon Rubber
Opportunities:
Continuous Research and Development in the Fluoroelastomer will Boost the Fluorocarbon Rubber Market
AMA Research follows 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 mainly 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 showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Fluorocarbon Rubber Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Fluorocarbon Rubber Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Fluorocarbon Rubber players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes 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, Fluorocarbon Rubber Study Sheds Light on
The Fluorocarbon Rubber Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Fluorocarbon Rubber industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Fluorocarbon Rubber industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.