Fluroelastomers Market - Global Industry Analysis, Size, Share, Trends and Forecast 2016 - 2024

Fluroelastomers Market - Global Industry Analysis, Size, Share, Trends and Forecast 2016 - 2024

  • Transparency Market Research
  • Ongoing
  • Chemicals

Report Description

Fluroelastomers are special purpose synthetic rubbers based on fluorocarbons, with superior performance and strong chemical resistance, particularly in high temperature applications. These polymers are also known for their exceptional resistance to a broad spectrum of chemicals and fluids. Fluroelastomers also have strong mechanical and sealing properties. Working temperature range for fluroelastomers stands at -26 C to 230 C. However, they operate at even higher temperatures for short working timelines. Various types of fluroelastomers such as hoses, gaskets, and O-rings are used in key end-user industries such as aerospace and automotive. These polymers are primarily used in seals and barriers, which are subjected to severe environments not suitable for other elastomers. 

Three major types of fluroelastomers are used in the industry: fluorocarbon elastomers, fluorosilicone elastomers, and perfluroelastomers. Fluorocarbon elastomers are widely used in key applications where high temperature ranges and chemical attacks are encountered. High cost and relatively different technology of curing and compounding are some of the primary limitations of the usage of fluorocarbon elastomers, where the cured products usually possess low resilience and low temperature flexibility. Fluorosilicones are primarily consumed in aerospace fuel systems and automotive fuel emission control systems. These elastomers provide high resistance to solvents, and oils and fuels, and also offer high resilience. Perfluroelastomers are specialty high-performance elastomers with high-temperature stability as well as strong chemical resistance properties.

Asia Pacific is witnessing rapid economic growth, primarily due to expansion in automotive and construction industries. Rising construction activities in the region has fueled demand for fluoroelastomer compounds. Asia Pacific is the fastest growing market for fluroelastomers. Additionally, increase in the number of automobile manufacturing companies in the region has boosted demand for fluroelastomers. Economies such as India, South Korea, Japan, and China are driving the demand for fluroelastomers in Asia Pacific due to the presence of large number of electronics and electrical manufacturing companies. The region is anticipated to account for two-fifth share of the global fluroelastomers market over the next few years. North America is the second-largest market for fluroelastomers. Large investments across industries such as aerospace, automotive, and consumer goods is the major factor driving demand for fluroelastomers in North America. The U.S. holds the largest share of the fluroelastomers market in North America in terms of revenue and volume. The global economic slowdown in 2009 affected the automotive industry in Europe. However, countries in Europe are recovering rapidly from the recession. This has propelled demand for fluroelastomers in the region. Europe is one of the largest markets for automobiles. This is likely to boost the demand for fluroelastomers. Improving lifestyle and increasing infrastructural development in developing countries in the Rest of the World are also fuelling the demand for fluroelastomers. The fluroelastomers market in countries in South America, such as Brazil, Paraguay, Chile, and Costa Rica, is expanding rapidly due to growth in the automobile manufacturing industry. Global consumption of key fluroelastomers mentioned above is anticipated to rise at an above average growth rate during the forecast period. Primary market drivers include new product developments in sealing applications for better performance, further strengthening of emissions standards in several industrialized countries, and strong resurgence in global automobile production.

Key players operating in the fluroelastomers market include Solvay S.A., Dow Corning Corporation, E.I. duPont de Nemours and Company, Momentive Performance Materials, Inc., and Wacker Chemie A.G.

The report offers a comprehensive evaluation of the market. It does so via in-depth insights, understanding market evolution by tracking historical developments, and analyzing the present scenario and future projections based on optimistic and likely scenarios. Each research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology developments, types, applications, and the competitive landscape. 

The study is a source of reliable data on:

  • Key market segments and sub-segments
  • Evolving market trends and dynamics
  • Changing supply and demand scenarios
  • Quantifying market opportunities through market sizing and market forecasting
  • Tracking current trends/opportunities/challenges
  • Competitive insights
  • Opportunity mapping in terms of technological breakthroughs 

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa) 

TMR estimates the market size of various sectors using a combination of available data on the number and revenue of companies within each sub-sector and tiers of companies. The basic components used to determine market size and forecast for a specific product area are not only limited to supply-side data, but are also related to demand, industry trends, and the economic outlook. All the above data points are utilized to generate a statistical model targeting the sector marketplace. More than 300 TMR analysts across the world integrate these elements into a framework to determine the subsector market size for a base year and then forecast growth within each market. 

TMR regularly interviews technology and business professionals as an ongoing effort to track the latest developments within each sector. These continuous surveys are stratified by company size and industry segment and weighted to reflect the global market place.  All data are collected on an ongoing effort through a structured questionnaire rolled over the web or conducted via telephones. This provides the TMR team opportunities to request for detailed question sets, complex skip patterns, and real-time calculations, which assists respondents in answering questions involving numbers and percentages. Respondents, who are interviewed as experts, are screened and qualified based on certain criteria in addition to their decision-making authority and the scope of activity within their organizations.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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