USD 1.31 billion
Fluoroelastomers Market Size, Share, Growth Analysis, By Type(Fluorocarbon Elastomers (FKM), Fluorosilicone Elastomers (FVMQ), Perfluorocarbon Elastomers (FFKM)), By End-User(Automotive, Industrial, Aerospace, Oil & Gas), By Application(Diaphragms, valves, O-rings, seals), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG25B2011 |
Region:
Global |
Published Date: February, 2024
Pages:
242
|Tables:
95
|Figures:
76
Fluoroelastomers Market Insights
Fluoroelastomers Market size was valued at USD 1.35 Billion in 2023 and is poised to grow from USD 1.39 Billion in 2024 to USD 2 Billion by 2032, growing at a CAGR of 2.93% during the forecast period (2025-2032).
Fluoroelastomers are made by copolymerizing hexafluoropropylene (CF2=CFCF3), chlorotrifluoroethylene (CF2=CFCl), vinylidene fluoride (CH2=CF2), and tetrafluoroethylene (C2=F4). These elastomers are commonly known as fluorinated elastomers. They are widely employed in the automotive sector due to their unique qualities such as heat resistance, sealing capabilities, and mechanical properties. They can be employed at higher temperatures ranging from -26°C to 205-230°C for short-duration procedures.
Fluoroelastomers are highly fluorinated carbon-based polymers that are widely employed as high-performance synthetic rubbers with excellent resistance to chemicals, heat, and oil. The market has been growing steadily over the years owing to increase in demand from oil and gas industry, need for sustainable materials, and a growing demand from automotive industry.
US Fluoroelastomers Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Fluorocarbon Elastomers
Fastest Growth
Fluorosilicone Elastomers
Growth Rate
2.93% CAGR
Fluoroelastomers Market, 2021-2028 ($ Bn)
Country Share for Asia Pacific Region- 2021 (%)
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Fluoroelastomers Market Segmental Analysis
Global fluoroelastomer market is segmented based on the type, end-user, application, and region. Based on type, the market is segmented Fluorocarbon Elastomers (FKM), Fluorosilicone Elastomers (FVMQ), and Perfluorocarbon Elastomers (FFKM). Based on end-user, the market is segmented into automotive, industrial, aerospace, oil & gas, and others. Based on application, the fluoroelastomers market is categorized into diaphragms, valves, O-rings, seals and sealants, and other. By region, the Fluoroelastomers Market is segmented into North America, Asia Pacific, Europe, Latin America, and MEA.
Fluoroelastomers Market Analysis by Type
Fluorocarbon Elastomers dominated the market in 2022. The FKM category's prominence can be attributed to its widespread application in car and aerospace components. The chemical and heat resistance, low compression set, and good ageing properties of FKM have made it a key component in the fabrication of seals.
Due to its ability to withstand fuels and solvents at varied temperatures, the Fluorosilicone Elastomers market is expected to see considerable demand from the automotive and aerospace industries.
Perfluorocarbon Elastomers are in high demand in the food, pharmaceutical, and food processing sectors. FFKM is a chemical compound. When FDA compliance is necessary, this product is utilised to provide minimal contamination.
Fluoroelastomers Market Analysis by End-User
During the projection period, the automotive segment is predicted to hold a leading market share. The bulk of fluoroelastomers are used in the manufacturing of automobile components. Drive trains and fuel handling are the examples of vehicle components. Fluoroelastomer is used in systems to enhance fuel economy and reduce emissions. All of the aforementioned variables will contribute to the expansion of the automobile industry.
The increased use of O-rings, seals, gaskets, and hoses in aircraft fuel systems, where they serve as a barrier to emissions as well as provide resistance to fuels is boosting the growth in the aerospace sector. With efficient oil resistance and sealing applications, the oil and gas sector is expected to expand significantly throughout the forecast period.
Fluoroelastomers Market By Type , 2021 (%)
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Fluoroelastomers Market Regional Insights
Global Fluoroelastomers Market is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).
Asia Pacific accounted for the largest market share in the fluoroelastomer market. Rising investments in the developing countries such as India and China will propel its growth in the pharmaceutical, food processing, chemical processing, and coating areas. Due to fuel pollution regulations, the market in North America is characterised by rising demand from the automotive and aerospace sectors.
Major automotive and aerospace firms like as Dassault Aviation and Airbus are driving up demand for these elastomers in Europe. Germany, France, and the United Kingdom were significant contributors to push the demand. Market expansion due to widespread usage in the oil and gas and chemical industries, and demand is likely to rise during the forecast period.
Fluoroelastomers Market By Region, 2021-2028
- Largest
- Fastest
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Fluoroelastomers Market Dynamics
Fluoroelastomers Market Driver
High Compatibility of Fluoroelastomer to Boost Market Growth
- The automobile sector is facing increased challenges as a result of climate change, decreasing fossil fuel supplies, and fluctuating crude oil prices.
- Automotive manufacturers are investing extensively in research and development to adapt their present designs and focus on lightweight materials to offer fuel-efficient automobiles to consumers. As a result, manufacturers are shrinking the automotive size to boost efficiency, engine and powertrain components are used, and improve air circulatory systems.
- These dimensional shifts reveal the vehicle components are subjected to high temperatures as well as corrosive fluids and gases. Because fluoroelastomer is compatible with a wide range of materials, it is expected to see an increase in demand due to it is chemical resistance and resilience to a wide temperature range.
Fluoroelastomers Market Restraints
Associated Harmful Effects to Hamper Market Growth
- Changing temperatures, rising water levels, and growing quantities of greenhouse gases in the atmosphere all represent a threat to human well-being and the planet.
- With increased knowledge of sustainability and recyclability, consumers and manufacturers are choosing biodegradable products materials. Fluorocarbons are non-biodegradable due to the presence of fluorine atoms in the chemical structure.
- Despite the fact that although fluoroelastomers have proven to be useful in industrial applications, they constitute a hazard to the environment, which is predicted to limit the use of fluorocarbon elastomers.
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Fluoroelastomers Market Competitive Landscape
The top players spend in research to create new products with improved performance and quality. Particular applications AGC, Inc., for example, released the AFLAS series for food processing applications certified by the US FDA, and the firms are executing growth and acquisition plans to increase their market position. New factories are being established in emerging nations to meet rising demand and future prospects.
Fluoroelastomers Market Top Player's Company Profiles
- DuPont de Nemours, Inc.
- 3M Company
- Solvay SA
- Daikin Industries, Ltd.
- Chemours Company
- AGC Inc.
- Zhonghao Chenguang Research Institute of Chemical Industry
- Shin-Etsu Chemical Co., Ltd.
- Mitsui Chemicals, Inc.
- Asahi Glass Co., Ltd.
- Gujarat Fluorochemicals Ltd.
- Halopolymer OJSC
- Dongyue Group Ltd.
- Saint-Gobain Performance Plastics Corporation
- ExxonMobil Chemical Company
- Zhejiang Juhua Co., Ltd.
- Kureha Corporation
- The Dow Chemical Company
- RTP Company
- Greene, Tweed & Co. Inc.
Fluoroelastomers Market Recent Developments
- On July 2022, Chemours develops fluoroelastomer manufacturing method, Chemours has announced the development of a process technology to create APA grades of Viton fluoroelastomers. The process eliminates the use of fluorinated polymerisation aids, thereby enhancing the sustainability of the fluoroelastomer production process, said Chemours.
- On October 2022, Synthetic rubber* futures prices declined over the previous trading week, led by styrene-butadiene rubber and fluoroelastomers, which fell more than 3% week on week. EPDM, halobutyl, polybutadiene, and nitrile rubbers all declined between 1% and 1.7% over the time, while butadiene prices fell 1.3% week on week after a significant drop the previous week.
Fluoroelastomers Key Market Trends
- Introduction of Food and Pharmaceutical Grade Products: Fluoroelastomers demand is predicted to increase due to materials having excellent chemical and heat resistance characteristics for certain application sectors. Several firms have launched food-grade and pharmaceutical-grade products that have been authorised by the FDA for use by regulatory agencies.
- Expanding Markets: The fluoroelastomers market is constantly expanding in countries such as India, China, and Brazil due to the growing demand for high-performance materials across various industries.
- Growing demand for sustainable materials: Demand for eco-friendly and recyclable products are growing. Besides, manufacturers are emphasizing on environment-friendly products.
Fluoroelastomers Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Fluoroelastomers market analysis, Manufacturing will be halted to reduce demand for fluoroelastomers during the pandemic. The market will be driven by the development of fluoroelastomer products tailored to the application. Growing environmental concerns threaten market growth. The market was dominated by the fluorocarbon elastomer (FKM) segment.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 1.31 billion |
| Market size value in 2031 | USD 1.94 billion |
| Growth Rate | 2.93% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Fluoroelastomers Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Fluoroelastomers Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Fluoroelastomers Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fluoroelastomers Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fluoroelastomers Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fluoroelastomers Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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