Fluoroelastomers Market Overview
Fluoroelastomers are fluorocarbon-based synthetic rubber. Fluoroelastomers have wide chemical resistance. Fluoroelastomers are used in barrier layers, seals, etc. subjected to the environment and too severe for other elastomers. Fluoroelastomers have long shelf-life at temperature above 150 degree celcius. Fluoroelastomers are having excellent heat & chemical resistance properties due to which they are used for sealing applications in various types of industries. The major industrial application includes energy & power, pharmaceutical & food, oil & gas, chemicals, automotive, aerospace and others. Chemours FKM Fluoroelastomers are used in pharmaceutical, food & beverage industries. Use of Fluorocarbon elastomers (FKM) are used as a key component in industries exposed to harsh chemicals, intense temperature and ozone attacks. Fluoroelastomers are used in aerospace industries which required sealing applications. Fluoroelastomers are used in other industries like automobile, national defence, mechanical devices include maximum resistance to elevated temperatures and corrosive fluids. Fluoroelastomers have low temperature properties which helps in improving the tolerance to extreme cold conditions. Wide variety of applications in various industries has given rise in Fluoroelastomers market growth.
The Global Fluoroelastomers Market size accounted for US$ 1.6 billion in 2020 and is estimated to be US$ 2.00 billion by 2030 and is anticipated to register a CAGR of 2.7%.
Fluoroelastomers Market Dynamics
Rise in automotive & aerospace industries and rate of urbanization
Rise in automotive & aerospace industries is one of the leading factors for the Global Fluoroelastomers Market. Low production costs, skilled engineering talent are the major factors for rise in automotive & aerospace industries. Due to heat & chemical resistance properties Fluoroelastomers are used as a sealant in automotive & aerospace industries. Dual income, multiple-car ownership trend has given rise in automotive industries. Increase in long distance travels from one country to other has increased the demand in aerospace industries. Urbanization has increased the rise in automotive industries. Rate of urbanization and disposable income has allowed individual for purchasing own vehicle, thus number of registered vehicle per household is continued to climb which has given rise in automotive industries. Moreover, increasing urban population is one of the driving factors for the Fluoroelastomers market. Urban culture affects the person’s living lifestyle. According to data published by United Nations in 2014, about 54% of the world’s population resided in urban areas, and it is projected that this percentage will increase over the forecast period. However, the rise in automotive & aerospace industries and growth in urban population has boosts the demand for Fluoroelastomers.
Technological advancement
Manufactures involved in Fluoroelastomers market are developing advanced versions of their products due to new age technological advancements. Technological advancements in Fluoroelastomers are projected to register the meteoric demand. Fluoroelastomers made with advanced polymer architecture are drive to increase in oil & gas applications. For instance, in 2022, the Chemours has developed the advance process technology to produce ‘advanced polymer architecture’ (APA) grades of Viton Fluoroelastomers which will enhance the safe, efficient, sustainability of the Fluoroelastomer production process.
Restrains:
However, high cost and some fluoroelastomer may be reactive and toxic which can somewhat restrain the growth of the target market.
Fluoroelastomers Market Segmentation
Source: Prophecy Market Insights
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
The Global Fluoroelastomers Market is segmented based on type, application, and region.
On the basis of type, the Global Fluoroelastomers Market is segmented into HFP (Hexafluoropropylene), VF2 (Vinylidene Fluoride), TFE (Tetrafluoroethylene), and others. On the basis of application, the target market is classified into Pharmaceutical, Automotive, Oil & Gas, Food industries, Aerospace, Energy & Power, Chemicals, and others.
Regional Insights:
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
On region the Global Fluoroelastomers Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, increase in demand from electronics, automotive, consumer products especially in countries such as India and China, and technological advancements. Moreover, rising presence of industrial corridor and chemical processing industries is anticipated to increase demand for Fluoroelastomers in the region.
Report Scope:
|
Attribute |
Details |
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Base year for estimation |
2020 |
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Forecast period |
2020 – 2030 |
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Market representation |
Revenue in USD Billion & CAGR from 2020 to 2030 |
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Market Segmentation |
By Type - HFP (Hexafluoropropylene), VF2 (Vinylidene Fluoride), TFE (Tetrafluoroethylene), and others By Application – Pharmaceutical, Automotive, Oil & Gas, Food industries, Aerospace, Energy & Power, Chemicals, and others
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Regional scope |
North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
|
Report coverage |
Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Global Fluoroelastomers Market report based on type, application, and region:
Global Fluoroelastomers Market, By Type:
- HFP (Hexafluoropropylene)
- VF2 (Vinylidene Fluoride)
- TFE (Tetrafluoroethylene)
- Others
Global Fluoroelastomers Market, By Application:
- Pharmaceutical
- Automotive
- Oil & Gas
- Food industries
- Aerospace
- Energy & Power
- Chemicals
- Others
Global Fluoroelastomers Market, By Region:
-
-
- North America
-
- U.S.
- Canada
-
- Europe
-
- Germany
- UK
- France
- Russia
- Italy
- Rest of Europe
-
- Asia Pacific
-
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
-
- Latin America
-
- Brazil
- Mexico
- Rest of Latin America
-
- Middle East & Africa
-
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
-
- North America
-
Fluoroelastomers Market Key Players
The key players operating the Global Fluoroelastomers Market includes, Stockwell Elastomerics Inc., Daikin Industries, Vanguard Products Corp., Accutrex Products, The Chemours Company, Greene Tweed, Eagle Elastomer Inc., Dynafluon, 3M, Solvay S.A., HaloPolymer, Air Boss Rubber Solutions, Shin-Etsu Chemical Co. Ltd., James Walker & Co., Honeywell International Inc., Garlock, Standard Rubber Products Co., Asahi Glass Company Ltd., Lauren Manufacturing, Omni Seals Inc., etc. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market. For instance, in 2017, the Daikin Industries acquires Italian Fluoropolymer Compounds manufacturer Heroflon, for development of fluoropolymers for automotive applications which will help in increase global sales of fluoroelastomers and fluoropolymers to a need of enhancement in heat & water resistance, & helps in providing technical services.
Fluoroelastomers Market Company Profile
- Daikin Industries*
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Stockwell Elastomerics Inc.
- Vanguard Products Corp.
- Accutrex Products
- The Chemours Company
- Greene Tweed
- Eagle Elastomer Inc.
- Dynafluon
- 3M
- Solvay S.A.
- HaloPolymer
- Air Boss Rubber Solutions
- Shin-Etsu Chemical Co. Ltd.
- James Walker & Co.
- Honeywell International Inc.
- Garlock
- Standard Rubber Products Co.
- Asahi Glass Company Ltd.
- Lauren Manufacturing
- Omni Seals Inc.
“*” marked represents similar segmentation in other categories in the respective section
Fluoroelastomers Market Table of Contents
- Research Objective and Assumption
- Preface
- Research Objectives
- Study Scope
- Years Considered for the study
- Assumptions
- Abbreviations
- Research Methodology
- Research data
- Primary Data
- Primary Interviews
- Primary Breakdown
- Key data from Primary Sources
- Key Thickness Insights
- Secondary Data
- Major Secondary Sources
- Secondary Sources
- Market Estimation
- Top-Down Approach
- Approach for estimating Market Share by Top-Down Analysis (Supply Side)
- Bottom-Up Approach
- Approach for estimating market share by Bottom-up Analysis (Demand Side)
- Market Breakdown and Data Triangulation
- Research Assumptions
- Market Purview
- Executive Summary
- Key Findings—Global Outlook for medical carts Strategies
- Key Questions this Study will Answer
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
- Opportunity Map Analysis
- Executive Summary—3 Big Predictions
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Market Trends
- DR Impact Analysis
- PEST Analysis
- Porter’s Five Forces Analysis
- Opportunity Orbit
- Market Investment Feasibility Index
- Macroeconomic Factor Analysis
- Market Dynamics
- Global Fluoroelastomers Market, By Type
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- HFP (Hexafluoropropylene)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- VF2 (Vinylidene Fluoride)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- TFE (Tetrafluoroethylene)
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Fluoroelastomers Market, By Application, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Pharmaceutical
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Automotive
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Oil & Gas
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Food industries
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
-
- Aerospace
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Aerospace
-
- Energy & Power
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Energy & Power
-
- Chemicals
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Chemicals
-
- Others
- Overview
- Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
- Others
- Global Fluoroelastomers Market, By Region, 2020 – 2030, (US$ Bn)
- Overview
- Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- North America
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- U.S.
- Canada
- Europe
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- UK
- France
- Germany
- Russia
- Italy
- Rest of Europe
- Asia Pacific
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- India
- Japan
- South Korea
- China
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
- Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
- GCC
- Israel
- South Africa
- Rest of Middle East
- Overview
- Competitive Landscape
- Heat Map Analysis
- Market Presence and Specificity Analysis
- Company Profiles
- Stockwell Elastomerics Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Daikin Industries
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Vanguard Products Corp.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Accutrex Products
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Chemours Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Greene Tweed
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Eagle Elastomer Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Dynafluon
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- 3M
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Solvay S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- HaloPolymer
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Air Boss Rubber Solutions
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Shin-Etsu Chemical Co. Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- James Walker & Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Honeywell International Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Garlock
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Standard Rubber Products Co.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Asahi Glass Company Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- Lauren Manufacturing
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- OBni Seals Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Business Strategies
- The Last Word
- Future Impact
- About Us
- Contact
FAQs
The Fluoroelastomers Market is segmented into basis of on type, application, and region.
Rise in automotive & aerospace industries is one of the leading factors for the Fluoroelastomers Market.
By region, The Asia-pacific market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, increase in demand from electronics, automotive, consumer products especially in countries such as India and China, and technological advancements.
The Key players operating in the Fluoroelastomers Market includes Stockwell Elastomerics Inc., Daikin Industries, Vanguard Products Corp., Accutrex Products, The Chemours Company, Greene Tweed, Eagle Elastomer Inc., Dynafluon, 3M, Solvay S.A., HaloPolymer, Air Boss Rubber Solutions, Shin-Etsu Chemical Co. Ltd., James Walker & Co., Honeywell International Inc., Garlock, Standard Rubber Products Co., Asahi Glass Company Ltd., Lauren Manufacturing, Omni Seals Inc., etc.