Materials & Chemicals Market Research News

New report examines the fluoroelastomers market to cross $1.64 billion by 2022

Materials & Chemicals Research

Fluoroelastomers market review on global fluoroelastomers to 2022 is expected to reach $1.64 Billion at a CAGR of 6.2% increasing from $ 1.21 billion in 2017.

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Fluoroelastomers are used in the manufacture of sealing products such as O-rings, seals & gaskets, and hoses. The growing demand for high performance elastomers in the automotive, aerospace, and semiconductor industries is projected to drive the market for fluoroelastomers during the forecast period. 

The perfluoroelastomers type segment of the fluoroelastomers market is projected grow at the highest CAGR between 2017 and 2022

The companies operating in the fluoroelastomers market are Asahi Glass Co. (Japan), Daikin Industries (Japan), Dongyue Group Co.

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(China), DuPont (US), Gujarat Fluoro chemicals Limited (India), Halo Polymer OJSC (Russia), Shanghai 3F New Materials Co. (China), Shin-Etsu Chemical Co. (Japan), Solvay (Belgium), Chemours (US), and 3M (US).

Browse complete report Fluoroelastomer Market by Type (Fluorocarbon, Fluorosilicone, Perfluoroelastomers), End-Use Industry (Automotive, Aerospace, Oil & Gas, Energy & Power, Chemical Processing, Semiconductor, Pharmaceutical & Food Processing), and Region - Global Forecast to 2022, now available at…arket-report.html

Perfluoroelastomers are specialty high-performance elastomers possessing exceptional chemical resistance and high temperature stability. These are copolymers made of tetrafluoroethylene and perfluoromethylvinyl ether.

Perfluoroelastomers can be used for all applications wherein the properties of fluorocarbon elastomers are not sufficient. Perfluoro elastomers can withstand higher temperature ranges providing excellent chemical resistance for longer durations when compared to other kinds of fluoroelastomers.

Perfluoro elastomers are used to manufacture high performance O-rings and seals which find applications in the energy & power, oil and gas recovery, semiconductor manufacture, pharmaceutical & chemical processing, and aerospace industries.

Extensive primary interviews were conducted to determine and verify the market sizes ofvarious segments and subsegments of the fluoroelastomers market.

The break-up of primary interviews is given below:

  1. By Company Type - Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
  2. By Designation - C level – 21%, Director level – 23%, and Others – 56%
  3. By Region - North America – 30%, Europe – 18%, Asia Pacific– 41%, and RoW- 11%

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Asia Pacific was the largest market for fluoroelastomers in 2016 and is also projected to grow at the highest CAGR during the forecast period

Asia Pacific is the largest market for fluoroelastomers, and the trend is expected to continue till 2022. China is the key market in the region, accounting for more than half of the demand for fluoroelastomers in the Asia Pacific.

China is followed by Japan, South Korea, and India, where consumption is growing at a steady pace. China is emerging as an important hub in the fluoroelastomers industry as it witnesses new facilities being established.

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