The Global Fluoroelastomer Market report is a complete overview of the market, covering various aspects product definition, segmentation based on various parameters, and the prevailing vendor landscape. Xyz Market report includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in the related industry. The Fluoroelastomer Market is changing because of the key players and brands which make moves like developments, product launches, joint ventures, merges and accusations that in turns changes the view of the global face of Chemical and Materials industry. This study also analyzes the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The Global Fluoroelastomer Market is expected to reach USD 1.21 billion by 2025, from USD 1.9 billion in 2017, growing at a CAGR of 6.1% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Competitors/Players:
- Asahi Glass Co.
- Daikin Industries
- Gujarat Fluorochemicals Limited
- HaloPolymer OJSC
- Shin-Etsu Chemical Co.
- Goodyear Rubber Company of Southern California
- Among others
This market report defines the market trends and forecast the upcoming opportunities and threats of the fluoroelastomer market in the next 8 years. Fluoroelastomers are a type of synthetic rubber which gives resistance to chemicals, oil and heat. It is used for moulding the products such as o-rings, shaft seals, manifold gaskets, firewall seals, gaskets, valve stem seals, diaphragms, and others. Fluoroelastomers are normally compatible with hydrocarbons, but they are not compatible with acetone and acetic acid. There is growing demand for specialized products like fuel hoses, shaft seals, fuel injector o-ring, and others, which is driving the growth of fluoroelastomer market. As per article published by, The Chemours Company, the vehicle production will increased by 25% in 2021. It will support the demand of fluoro elastomer. There is also pressure in the market in automotive manufacturers. However, increasing environmental concern is considered to be one of restraining factor of the market in future.
Major Market Drivers and Restraints:
- Huge economic growth in Asia-Pacific region
- Regulations imposed on the standard of emissions in automobile industry
- New product development in sealing applications
- Environmental concerns related to usage of fluoroelastomer
The global fluoroelastomer market is segmented based on type, application and geographical segments.
Based on type:
On the basis of application:
- Oil & Gas
- Energy & Power
- Chemical Processing
- Pharmaceutical & Food Processing
Based on geography:
- North America
- South America
- Middle East & Africa
Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa and, Brazil among others.
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The global fluoroelastomer market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of fluoroelastomer market for global, Europe, North America, Asia Pacific and South America.
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Table of Contents
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. Global, By Component
7. Product Type
9. Industry Type
10.2. North America
10.5. South America
10.6. Middle East & Africa
11. Company Landscape
12. Company Profiles
13. Related Reports
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