Global Fluoroelastomers Market

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 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 size was valued at USD 1.31 billion in 2019 and is poised to grow from USD 1.35 billion in 2023 to USD 1.94 billion by 2031, growing at a CAGR of 2.93% in the forecast period (2024-2031).

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. '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.'

The automobile sector is facing increased challenges as a result of climate change, decreasing fossil fuel supplies, and fluctuating crude oil prices. 

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.

Fluoroelastomers Market is divided into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa (MEA).

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Global Fluoroelastomers Market

Report ID: SQMIG25B2011

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