The basic reason for the rising demand for Fluoroelastomers is its unique properties as compared to typical rubber. They belong to an advanced class of materials which excel in physical characteristics like chemical resistance, temperature resistance, vibration isolation and many more designing parameters which hinder the application in case of natural rubber. Owing to this, the demand, adoption and supply for Fluoroelastomers market is pretty high in the automotive and aerospace market segments.
The Fluoroelastomers market is pegged to grow at CAGR of 4.0% during the period between 2016 and 2021. These synthetic rubbers will continue to grow in terms of prominence owing to the light weight feature and other excellent properties. With the immense growth and development of automotive industry and aerospace industry, the Fluoroelastomers Market will continue to receive boost through these segments.
Scope and Estimations:
Carbon dioxide emissions have lately been a matter of high concern owing to the huge number of automobile and aircraft count today. The global demand for automobiles is only increasing and is never going to see a fall in demand anytime soon. With this trend, the need and importance for being able to curb the CO2 emission rates is increasing. This has led to a strong drive in the demand and utilization of the Fluoroelastomer products so that this material could reduce the overall weight of the machine and thus decrease the fuel consumption. This leads to decreased emission of carbon dioxide and thus, the high demand.
Fluoroelastomers are used for manufacturing myriad set of seals used in automotive drivetrains, fuel injection, cooling and lubrication systems. Apart from automotive these materials are also being used for manufacturing oil seals for industrial machineries due to their ability to withstand harsh or chemically reactive environment.
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APAC is set to dominate the Fluoroelastomers market during the forecast period 2016-2021 and it is also estimated to witness the highest CAGR of 5.4% during the same period. Presence of automotive giants, with substantial increase in automotive production is assisting the market growth in this region. Subsequent increase in demand for commercial coupled with the growing adoption of Fluoroelastomers in aerospace industry for aircraft weight reduction is set to spur the APAC Fluoroelastomers market as well.
According to IndustryARC experts, the Fluoroelastomers Market can be divided into 4 types based on the deciding factors like:
- By Type: Fluorocarbon Elastomers, Fluorosilicone Elastomers and Perfluorocarbon Elastomers
- By Product: O-Rings, Seals and Hoses, Gaskets and Others
- By Industry: Automotive, Manufacturing, Aerospace, Oil and Gas and Others
- By Geography: Automotive, Europe, APAC and Rest of the World
Vendors Brief Overview:
This research report on Fluoroelastomers Market by IndustryARC includes more than 40 top players of the industry studied and analyzed in depth out of which few are:
- Asahi Glass Co. Ltd
- Chenguang Fluoro & Silicone Elastomers Co., Ltd.
- Daikin Industries Limited
- E.I. Dupont De Nemours & Company (DuPont)
- HaloPolymer, OJSC
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