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New Revenue Pockets : Fluoroelastomers Market
The global market for fluoroelastomers is growing moderately, with Asia-Pacific leading consumption, followed by North America and Europe. The fluoroelastomers industry is segmented by its type, fluorocarbon elastomers, Fluorosilicone elastomers and perfluoroelastomers. End applications such as aerospace, automotive & transportation, chemical processing, energy & power, food and pharmaceuticals; consume the maximum of fluoroelastomers produced globally. In terms of value the market is growing at a CAGR of 6.8% between 2014 and 2019.
This report follows both top-down and bottom-up approaches to estimate and forecast the global fluoroelastomers market by volume and value. This report focuses on the global fluoroelastomers market by its types, by applications and region.
Favorable automobile industry and rising demand from electrical & electronics industry make Asia-Pacific an attractive market for capacity expansion. Asia-Pacific is the fastest growing market for fluoroelastomers across the world, followed by North America and Europe. China is the world’s largest consumer for fluoroelastomers. Moreover, India and China are top fastest growing countries across the world between 2014 and 2019.
The opportunities are cited in growing automobile requirements in China and India; and high growing economies in South East Asia. Chemical industry is also expected to present opportunities, along with automotive manufacturing, the overall fluoroelastomers market remains attractive for coming years.
The major consumers of fluoroelastomers are China, U.S., India, Germany, Russia etc.
Fluoroelastomers Market by Type (Fluorocarbon Elastomers, Fluorosilicone Elastomers, and Perfluoroelastomers), by Application (O-Rings, Seals & Hoses, Gaskets and Compound Moulding Parts), and by End-User Industries (Automotive, Aerospace, Energy and Power, Chemicals Etc.) - Global Trends & Forecast to 2019
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