About Fluorosilicone Elastomer
Fluorosilicone Elastomer is the polymers which have a unique characteristic of viscoelasticity that indeed helps them to give property to stretch and expand. These elastomers are widely used in aerospace applications where fuels, coolants, and oils are present, in order to make sure there is no kind of any leakage these elastomers are used. One of the major quality of fluorosilicone elastomers is that they have very good low temperature and high-temperature properties and can inherently UV radiations and ozone resistant. Rising growth of automotive, electronics and aerospace industries will drive the market in the forecasted year.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.3% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Fluorosilicone Elastomer 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.
Dow Corning United States), Shin-Etsu (Japan), Elkem Group (Norway), Wacker Chemie (Germany), Momentive (United States), ABB (Switzerland), Bernard (France), SNNA (United States), Biffi (Italy) and Tomoe (Japan) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Nihon Koso (Japan), Tefulong (China), CDF (China), SAIC (China), Aotuo Ke (China), Chuanyi Automation (China), Zhonghuan TIG (China), SIG (China), PS Automation (Germany) and Xiang Long (China).
Segmentation Overview
AMA Research has segmented the market of Global Fluorosilicone Elastomer market by Type (Liquid FVMQ and Solid and Semisolid FVMQ), Application (Fuel Resistance, Static Ceiling, Cushioning and Others) and Region.
On the basis of geography, the market of Fluorosilicone Elastomer has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Use Industry, the sub-segment i.e. Aerospace will boost the Fluorosilicone Elastomer market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption and Development of Bio-Based Elastomers
Market Growth Drivers:
Increasing both Domestic and Export-Oriented Revenues across Globe, Rising Demand for Passenger and Commercial Vehicles and Thermal Stability and Resistance to Petroleum-Based Fluids
Challenges:
Issue Related To Increasing Buyer Bargaining Power and Emphasis on High-Quality Products at Low Costs
Restraints:
High Cost of Raw Materials and Availability of Substitutes in Market Such As Fluorocarbons which Replacing Fluorosilicones in Aircraft Sealing Applications
Opportunities:
Evolution of Emerging Applications and Growing Aerospace and Automotive Sectors in both Developed and Developing Countries
Market Leaders and their expansionary development strategies
In August 2023, Dow and DuPont announced a collaboration to develop and commercialize new fluorosilicone elastomer solutions for the automotive industry. This isn't technically a merger, but a significant partnership.
In October 2023, Momentive Performance Materials launched Silopren® LSR 2740, a new fluorosilicone elastomer for liquid silicone rubber (LSR) injection molding applications.
Key Target Audience
Manufacturer, Potential Investors, New Entrance, Research Organization, Suppliers & Distributors and Others
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.