HOME Top Market Reports Fluoroelastomer Market by Type (Fluorocarbon, Fluorosilicone, Perfluoroelastomers), End-Use Industry (Automotive, Aerospace, Oil & Gas, Energy & Power, Chemical Processing, Semiconductor, Pharmaceutical & Food Processing), and Region - Global Forecast to 2022

Fluoroelastomer Market by Type (Fluorocarbon, Fluorosilicone, Perfluoroelastomers), End-Use Industry (Automotive, Aerospace, Oil & Gas, Energy & Power, Chemical Processing, Semiconductor, Pharmaceutical & Food Processing), and Region - Global Forecast to 2022

By: marketsandmarkets.com
Publishing Date: November 2017
Report Code: CH 3318

 

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The fluoroelastomer market was valued at USD 1.15 Billion in 2016 and is projected to reach USD 1.64 Billion by 2022, at a CAGR of 6.2% during the forecast period. The base year considered for the study is 2016, while the forecast period is from 2017 to 2022.

The objectives of the report are as follows:

  • To define, describe, and forecast the fluoroelastomer market on the basis of type & application, end-use industry, and region
  • To identify the factors, such as drivers, restraints, opportunities, and challenges influencing the growth of the fluoroelastomers market during the forecast period
  • To forecast the size of the fluoroelastomers market, in terms of volume and value
  • To analyze the detailed segmentation of the fluoroelastomers market and forecast the market size, in terms of volume and value for the five key regions, namely, North America, Europe, Asia Pacific, the Middle East & Africa, and South America
  • To analyze the competitive developments, such as expansions, new product developments, joint ventures, and mergers & acquisitions in the fluoroelastomers market
  • To profile the leading players operating in the fluoroelastomers market and identify their core competencies

Research Methodology

Both, top-down and bottom-up approaches were used to estimate and validate the sizes of the fluoroelastomers market and various other dependent submarkets. The research study involved the extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg, Chemical Weekly, Factiva, and other government and private websites to identify and collect information useful for this technical, market-oriented, and commercial study of the fluoroelastomers market.

Fluoroelastomers Market

To know about the assumptions considered for the study, download the pdf brochure

Some of the major players operating in the fluoroelastomer market include Asahi Glass Co. (Japan), Daikin Industries (Japan), Dongyue Group (China), DuPont (US), Gujarat Fluorochemicals Limited (India), HaloPolymer OJSC (Russia), Shanghai 3F New Materials Co. (China), Shin-Etsu Chemical Co. (Japan), Solvay (Belgium), Chemours (US), and 3M (US).

Key Target Audience:

  • Manufacturers, Dealers, and Suppliers of Fluoroelastomers
  • Fluoroelastomer Manufacturing Plant Developers and Related Service Providers
  • Companies Manufacturing O-rings, Seals & Gaskets, Hoses
  • Investors

Scope of the Report:

This research report categorizes the fluoroelastomers market on the basis of type & application, end-use industry, and region.

Fluoroelastomers Market, by Type & Application:

  • Fluorocarbon Elastomers
  • Fluorosilicone Elastomers
  • Perfluoroelastomers

Fluoroelastomers Type Market, by Application:

  • O-rings
  • Seals & Gaskets
  • Hoses
  • Complex Molding Parts

Fluoroelastomers Market, by End-use Industry:

  • Automotive
  • Aerospace
  • Oil & Gas
  • Energy & Power
  • Others

Fluoroelastomers Market, by Region:

  • Asia Pacific
  • Europe
  • North America
  • Middle East & Africa
  • South America

The market has been further analyzed for the key countries in each of these regions.

Available Customizations:

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Country Information:

  • Fluoroelastomers market analysis for additional countries

Company Information:

  • Detailed analysis and profiles of additional market players (up to 5)

Pricing Analysis:

  • Detailed pricing analysis for each type of fluoroelastomer

Table of Contents

1 Introduction (Page No. - 18)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Years Considered for the Study
    1.4 Currency
    1.5 Package Size
    1.6 Limitations
    1.7 Stakeholders

2 Research Methodology (Page No. - 22)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primary Interviews
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown & Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 29)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Market Opportunity for Fluoroelastomers
    4.2 Asia-Pacific Fluoroelastomers Market, By Application and Country
    4.3 Fluoroelastomers Market Attractiveness
    4.4 Fluoroelastomers Market Share, By Type and Region

5 Market Overview (Page No. - 37)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Tightening of Emission Standards for Automobile Industry
                    5.2.1.2 Key End-Use Industries to Drive the Fluoroelastomers Market
           5.2.2 Restraints
                    5.2.2.1 Rising Environmental Concerns
           5.2.3 Opportunities
                    5.2.3.1 New Product Development in Sealing Applications
           5.2.4 Challenges
                    5.2.4.1 Aggressive Base Chemicals and Thermal Expansion Issues
                    5.2.4.2 High Price of Fluoroelastomers, Than Alternatives Available in the Market
    5.3 Porter’s Five Forces Analysis
           5.3.1 Bargaining Power of Buyers
           5.3.2 Bargaining Power of Suppliers
           5.3.3 Threat From New Entrants
           5.3.4 Threat From Substitutes
           5.3.5 Intensity of Competitive Rivalry
    5.4 Macroeconomic Indicators
           5.4.1 GDP Growth Rate Forecast of Major Countries
           5.4.2 Trends in the Passenger Cars Segment, 2010–2016
           5.4.3 Chemical Processing Industry Forecast: 2015-2020

6 Fluoroelastomer Market, By Type and ApPLCiation (Page No. - 48)
    6.1 Introduction
    6.2 Fluorocarbon Elastomers
           6.2.1 O-Rings
           6.2.2 Seals & Gaskets
           6.2.3 Hoses
           6.2.4 Complex Molding Parts
           6.2.5 Others
    6.3 Fluorosilicone Elastomers
           6.3.1 O-Rings
           6.3.2 Seals & Gaskets
           6.3.3 Hoses
           6.3.4 Complex Molding Parts
           6.3.5 Others
    6.4 Perfluoroelastomers
           6.4.1 O-Rings
           6.4.2 Seals & Gaskets
           6.4.3 Hoses
           6.4.4 Complex Molding Parts
           6.4.5 Others

7 Fluoroelastomer Market, By End-Use Industry (Page No. - 61)
    7.1 Introduction
    7.2 Automotive
    7.3 Aerospace
    7.4 Oil & Gas
    7.5 Energy & Power
    7.6 Chemical Processing
    7.7 Semiconductor
    7.8 Pharmaceutical & Food Processing
    7.9 Others

8 Fluoroelastomer Market, By Region (Page No. - 78)
    8.1 Introduction
    8.2 North America
           8.2.1 U.S.
           8.2.2 Mexico
           8.2.3 Canada
    8.3 Asia-Pacific
           8.3.1 China
           8.3.2 Japan
           8.3.3 India
           8.3.4 South Korea
           8.3.5 Taiwan
           8.3.6 Rest of Asia-Pacific
    8.4 Middle East & Africa
           8.4.1 Saudi Arabia
           8.4.2 South Africa
           8.4.3 Rest of Middle East & Africa
    8.5 South America
           8.5.1 Brazil
           8.5.2 Argentina
           8.5.3 Rest of South America

9 Competitive Landscape (Page No. - 126)
    9.1 Introduction
    9.2 Competitive Leadership Mapping, 2016
           9.2.1 Visionary Leaders
           9.2.2 Innovators
           9.2.3 Dynamic Differentiators
           9.2.4 Emerging Companies
    9.3 Competitive Benchmarking
           9.3.1 Strength of Product Portfolio (25 Companies)
           9.3.2 Business Strategy Excellence (25 Companies)
    9.4 Market Ranking of Key Players

10 Company Profiles (Page No. - 132)
(Business Overview, Products Offered, Scorecard of Product Offering, Scorecard of Business Strategy, and New Product Launch)
     10.1 Chemours
     10.2 Daikin Industries
     10.3 Solvay SA
     10.4 3M
     10.5 Asahi Glass Company
     10.6 Dongyue Group Co.
     10.7 E. I. Dupont De Nemours and Company
     10.8 Gujarat Fluorochemicals Limited
     10.9 Shanghai 3f New Material Co.
     10.10 Halopolymer OJSC
     10.11 Other Companies
             10.11.1 Eagle Elastomers Inc.
             10.11.2 Greene, Tweed & Co.
             10.11.3 Shanghi Fluoron Chemicals Co.
             10.11.4 Trp Polymer Solutions Limited.
             10.11.5 Chenguang Fluoro & Silicone Elastomers Co.
             10.11.6 Zhonghao Chenguang Research Institute of Chemical Industry
             10.11.7 Sumitomo Electric Schrumpf-Produkte GmbH
             10.11.8 Polycomp Bv
             10.11.9 Precision Polymer Engineering
             10.11.10 James Walker & Co.
             10.11.11 Eastcorp International
             10.11.12 Dynafluon
             10.11.13 Shin-Etsu Chemical Co.
             10.11.14 Marco Rubber & Plastic Products, Inc.
             10.11.15 Clwyed Compounders

*Details Might Not Be Captured in Case of Unlisted Companies

11 Appendix (Page No. - 161)
     11.1 Insights of Industry Experts
     11.2 Discussion Guide
     11.3 Knowledge Store: Marketsandmarkets Subscription Portal
     11.4 Introducing RT: Real Time Market Intelligence
     11.5 Available Customizations
     11.6 Related Reports
     11.7 Author Details


List of Tables (146 Tables)

Table 1 Trends and Forecast for GDP Growth Rates Between 2016 and 2021
Table 2 Passenger Cars Sales Growth, By Country, 2011–2016
Table 3 Chemical Production Forecast, By Country, and Region, 2011–2016
Table 4 Fluoroelastomer Market, By Type, 2015–2022 (Ton)
Table 5 Fluoroelastomer Market, By Type, 2015–2022 (USD Million)
Table 6 Fluorocarbon Elastomers Market, By Application, 2015–2022 (Ton)
Table 7 Fluorocarbon Elastomers Market, By Application 2015–2022 (USD Million)
Table 8 Fluorocarbon Elastomers Market, By Region, 2015–2022 (Ton)
Table 9 Fluorocarbon Elastomers Market, By Region 2015–2022 (USD Million)
Table 10 Fluorosilicone Elastomers Market, By Application, 2015–2022 (Ton)
Table 11 Fluorosilicone Elastomers Market, By Application, 2015–2022 (USD Million)
Table 12 Fluorosilicone Elastomers Market, By Region, 2015–2022 (Ton)
Table 13 Fluorosilicone Elastomers Market, By Region 2015–2022 (USD Million)
Table 14 Perfluoroelastomers Market, By Application, 2015–2022 (Ton)
Table 15 Perfluoroelastomers Market, By Application, 2015–2022 (USD Million)
Table 16 Perfluoroelastomers Market, By Region, 2015–2022 (Ton)
Table 17 Perfluoroelastomers Market, By Region 2015–2022 (USD Million)
Table 18 Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 19 By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 20 By Market Size in Automotive Industry, By Region, 2015–2022 (Ton)
Table 21 By Market Size in Automotive Industry, By Region, 2015–2022 (USD Million)
Table 22 By Market Size in Aerospace Industry, By Region, 2015–2022 (Ton)
Table 23 By Market Size in Aerospace Industry, By Region, 2015–2022 (USD Million)
Table 24 By Market Size in Oil & Gas Industry, By Region, 2015–2022 (Ton)
Table 25 By Market Size in Oil & Gas Industry, By Region, 2015–2022 (USD Million)
Table 26 By Market Size in Energy & Power Industry, By Region, 2015–2022 (Ton)
Table 27 By Market Size in Energy & Power Industry, By Region, 2015–2022 (USD Million)
Table 28 By Market Size in Chemical Processing Industry, By Region, 2015–2022 (Ton)
Table 29 By Market Size in Chemical Processing Industry, By Region, 2015–2022 (USD Million)
Table 30 By Market Size in Semiconductor Industry, By Region, 2015–2022 (Ton)
Table 31 By Market Size in Semiconductor Industry, By Region, 2015–2022 (USD Million)
Table 32 By Market Size in Pharmaceutical & Food Processing Industry, By Region, 2015–2022 (Ton)
Table 33 By Market Size in Pharmaceutical & Food Processing Industry, By Region, 2015–2022 (USD Million)
Table 34 By Market Size in Other End-Use Industries, By Region, 2015–2022 (Ton)
Table 35 By Market Size in Other End-Use Industries, By Region, 2015–2022 (USD Million)
Table 36 By Market, By Region, 2015-2022 (Ton)
Table 37 By Market, By Region, 2015-2022 (USD Million)
Table 38 North America: Fluoroelastomer Market, By Country, 2015-2022 (Ton)
Table 39 North America: Fluoroelastomer Market, By Country, 2015-2022 (USD Million)
Table 40 North America: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 41 North America: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 42 North America: Fluorocarbon Elastomers Market, By Application, 2015-2022 (Ton)
Table 43 North America: Fluorocarbon Elastomers Market, By Application, 2015-2022 (USD Million)
Table 44 North America: Fluorosilicone Elastomers Market, By Application, 2015-2022 (Ton)
Table 45 North America: Fluorosilicone Elastomers Market, By Application, 2015-2022 (USD Million)
Table 46 North America: Perfluoroelastomers Market, By Application, 2015-2022 (Kilograms)
Table 47 North America: Perfluoroelastomers Market, By Application, 2015-2022 (USD Thousand)
Table 48 North America: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 49 North America: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 50 U.S.: Fluoroelastomers Market, By Type, 2015-2022 (Ton)
Table 51 U.S.: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 52 U.S.: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 53 U.S.: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 54 Mexico: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 55 Mexico: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 56 Mexico: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 57 Mexico: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 58 Canada: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 59 Canada: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 60 Canada: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 61 Canada: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 62 Asia-Pacific: Fluoroelastomer Market Size, By Country, 2015-2022 (Ton)
Table 63 Asia-Pacific: Fluoroelastomer Market Size, By Country, 2015-2022 (USD Million)
Table 64 Asia-Pacific: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 65 Asia-Pacific: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 66 Asia-Pacific: Fluorocarbon Elastomers Market, By Application, 2015-2022 (Ton)
Table 67 Asia-Pacific: Fluorocarbon Elastomers Market, By Application, 2015-2022 (USD Million)
Table 68 Asia-Pacific: Fluorosilicone Elastomers Market, By Application, 2015-2022 (Ton)
Table 69 Asia-Pacific: Fluorosilicone Elastomers Market, By Application, 2015-2022 (USD Million)
Table 70 Asia-Pacific: Perfluoroelastomers Market, By Application, 2015-2022 (Kilograms)
Table 71 Asia-Pacific: Perfluoroelastomers Market, By Application, 2015-2022 (USD Thousand)
Table 72 Asia-Pacific: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 73 Asia-Pacific: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 74 China: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 75 China: By Market, By Type, 2015-2022 (USD Million)
Table 76 China: By Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 77 China: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 78 Japan: By Market, By Type, 2015-2022 (Ton)
Table 79 Japan: By Market, By Type, 2015-2022 (USD Million)
Table 80 Japan: By Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 81 Japan: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 82 India: By Market, By Type, 2015-2022 (Ton)
Table 83 India: By Market, By Type, 2015-2022 (USD Million)
Table 84 India: By Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 85 India: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 86 South Korea: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 87 South Korea: By Market, By Type, 2015-2022 (USD Million)
Table 88 South Korea: By Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 89 South Korea: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 90 Taiwan: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 91 Taiwan: By Market, By Type, 2015-2022 (USD Million)
Table 92 Taiwan: By Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 93 Taiwan: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 94 Rest of Asia-Pacific: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 95 Rest of Asia-Pacific: By Market, By Type, 2015-2022 (USD Million)
Table 96 Rest of Asia-Pacific: By Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 97 Rest of Asia-Pacific: By Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 98 Middle East & Africa: Fluoroelastomer Market Size, By Country, 2015–2022 (Ton)
Table 99 Middle East & Africa: By Market Size, By Country, 2015–2022 (USD Million)
Table 100 Middle East & Africa: By Market Size, By Type, 2015–2022 (Ton)
Table 101 Middle East & Africa: By Market Size, By Type, 2015–2022 (USD Million)
Table 102 Middle East & Africa: Fluorocarbon Elastomers Market Size, By Application, 2015–2022 (Ton)
Table 103 Middle East & Africa: Fluorocarbon Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 104 Middle East & Africa: Fluorosilicone Elastomers Market Size, By Application, 2015–2022 (Ton)
Table 105 Middle East & Africa: Fluorosilicone Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 106 Middle East & Africa: Perfluoroelastomers Market Size, By Application, 2015–2022 (Kilogram)
Table 107 Middle East & Africa: Perfluoroelastomers Market Size, By Application, 2015–2022 (USD Thousand)
Table 108 Middle East & Africa: Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 109 Middle East & Africa: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 110 Saudi Arabia: Fluoroelastomer Market Size, By Type, 2015–2022 (Ton)
Table 111 Saudi Arabia: By Market Size, By Type, 2015–2022 (USD Million)
Table 112 Saudi Arabia: By Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 113 Saudi Arabia: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 114 South Africa: By Market Size, By Type, 2015–2022 (Ton)
Table 115 South Africa: By Market Size, By Type, 2015–2022 (USD Million)
Table 116 South Africa: By Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 117 South Africa: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 118 South America: Fluoroelastomer Market, By Type, 2015–2022 (Ton)
Table 119 Rest of Middle East & Africa : Fluoroelastomers Market, By Type, 2015–2022 (USD Million)
Table 120 Rest of Middle East & Africa: By Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 121 Rest of Middle East & Africa: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 122 South America: Fluoroelastomer Market Size, By Country, 2015–2022 (Ton)
Table 123 South America: By Market Size, By Country, 2015–2022 (USD Million)
Table 124 South America: By Market Size, By Type, 2015–2022 (Ton)
Table 125 South America: By Market Size, By Type, 2015–2022 (USD Million)
Table 126 South America: Fluorocarbon Elastomers Market Size, By Application, 2015–2022 (Ton)
Table 127 South America: Fluorocarbon Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 128 South America: Fluorosilicone Elastomers Market Size, By Application, 2015–2022 (Ton)
Table 129 South America: Fluorosilicone Elastomers Market Size, By Application, 2015–2022 (USD Million)
Table 130 South America: Perfluoroelastomers Market Size, By Application, 2015–2022 (Kilogram)
Table 131 South America: Perfluoroelastomers Market Size, By Application, 2015–2022 (USD Thousand)
Table 132 South America: By Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 133 South America: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 134 Brazil: Fluoroelastomer Market Size, By Type, 2015–2022 (Ton)
Table 135 Brazil: By Market Size, By Type, 2015–2022 (USD Million)
Table 136 Brazil: By Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 137 Brazil: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 138 Argentina: Fluoroelastomer Market Size, By Type, 2015–2022 (Ton)
Table 139 Argentina: By Market Size, By Type, 2015–2022 (USD Million)
Table 140 Argentina: By Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 141 Argentina: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 142 Rest of South America: Fluoroelastomer Market Size, By Type, 2015–2022 (Ton)
Table 143 Rest of South America: By Market Size, By Type, 2015–2022 (USD Million)
Table 144 Rest of South America: By Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 145 Rest of South America: By Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 146 Top Five Industry Players


List of Figures (40 Figures)

Figure 1 Research Methodology
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation: Fluoroelastomers Market
Figure 5 Fluorocarbon Elastomers to Dominate Fluoroelastomers Market Between 2017 and 2022
Figure 6 O-Rings to Dominate Fluoroelastomers Market Between 2017 and 2022
Figure 7 Automotive End-Use Industry to Dominate the Fluoroelastomers Market Between 2017 and 2022
Figure 8 Asia-Pacific to Witness Highest Growth in the Market During the Forecast Period
Figure 9 Fluoroelastomers Market Size, 2017 vs 2022 (Tons)
Figure 10 China Dominated the Fluoroelastomers Market in Asia-Pacific While O-Rings Led the Applications Segment in 2016
Figure 11 Asia-Pacific and North America Will Be the Leading Markets of Fluoroelastomers During the Forecast Period
Figure 12 Asia-Pacific Accounted for the Majority of Market Share Among All Types of Fluoroelastomers in 2016
Figure 13 Factors Governing Fluoroelastomers Market
Figure 14 Porter’s Five Forces Analysis (2016)
Figure 15 Fluorocarbon Elastomers is the Largest Segment of Fluoroelastomers Market
Figure 16 Asia-Pacific is the Fastest-Growing Market for Fluorocarbon Elastomers
Figure 17 Asia-Pacific Dominates Fluorosilicone Elastomers Market
Figure 18 North America Led Perfluoroelastomers Market in 2016
Figure 19 Automotive Was the Largest End-Use Industry of Fluoroelastomers in 2016
Figure 20 Asia-Pacific to Lead Fluoroelastomers Market in Automotive Industry During Forecast Period
Figure 21 Asia-Pacific to Be the Largest and Fastest Growing Fluoroelastomers Market in Aerospace Industry During Forecast Period
Figure 22 North America to Be the Largest Fluoroelastomers Market in Oil & Gas Industry
Figure 23 Europe to Be the Second Largest Fluoroelastomers Market in Energy & Power Industry
Figure 24 Asia-Pacific to Be the Largest Fluoroelastomers Market in Chemical Processing Industry Between 2017 and 2022
Figure 25 Asia-Pacific Led Fluoroelastomers Market in Semiconductor Industry
Figure 26 Asia Pacific to Be the Largest Market in Pharmaceutical & Food Processing Industry Between 2017 and 2022
Figure 27 Asia Pacific to Be the Largest Fluoroelastomer Market in Other End-Use Industries
Figure 28 Regional Snapshot – Asia-Pacific to Lead the Market Growth Between 2017 and 2022
Figure 29 North American Fluoroelastomer Market Snapshot: Mexico is Projected to Be the Fastest-Growing Market, 2017-2022
Figure 30 Asia-Pacific Fluoroelastomers Market Snapshot: China is Projected to Be the Largest Market, 2017-2022
Figure 31 Fluoroelastomers Market: Competitive Leadership Mapping, 2016
Figure 32 Chemours: Company Snapshot
Figure 33 Daikin Group: Company Snapshot
Figure 34 Solvay SA: Company Snapshot
Figure 35 3M Company: Company Snapshot
Figure 36 Asahi Glass Co. Ltd: Company Snapshot
Figure 37 Dongyue Group Co., Ltd: Company Snapshot
Figure 38 E. I. Dupont De Nemours and Company: Company Snapshot
Figure 39 Gujarat Fluorochemicals Limited: Company Snapshot
Figure 40 Shanghai 3f Material Co.: Company Snapshot

The fluoroelastomer market is projected to reach USD 1.64 Billion by 2022, at a CAGR of 6.2%, growing from USD 1.21 Billion in 2017. Fluoroelastomers are used in the manufacture of O-rings, seals & gaskets, and hoses. These sealing products are used across various end-use industries such as automotive, aerospace, oil & gas, energy & power, semiconductors, chemical processing, pharmaceutical, food processing, and others. The growth of these end-use industries is expected to drive the growth of the fluoroelastomers market during the forecast period.

Based on type, the fluoroelastomer market has been segmented into fluorocarbon, fluorosilicone, and perfluoroelastomers. Perfluoroelastomers is estimated to be the fastest-growing type of the fluoroelastomers market during the forecast period. It is used for the manufacture of various applications such as O-rings, seals & gaskets, hoses, and complex molding parts. Perfluoroelastomers surpass fluorocarbon elastomers in almost all characteristics. Pefluoroelastomers are used where the properties are not sufficient to meet the needs of the end-use industry.

Among end-use industries of fluoroelastomers, automotive is estimated to remain the largest segment during the forecast period. Fluoroelastomers are widely used in fuel systems of conventional vehicles to reduce emissions, and these are also preferred for insulation of battery voltage cables of electric vehicles. The increasing demand for vehicles from emerging countries such as China, India, and Brazil is projected to fuel the demand for fluoroelastomers during the forecast period. Increasing popularity of electric cars, and rising disposable incomes of the middle class populations in many countries are expected to boost the demand for vehicles in the respective regions.

Fluoroelastomers Market

Rising demand for fluoroelastomers from the automotive, aerospace, and semiconductor industries is driving the fluoroelastomers market, globally. Asia Pacific is projected to be the fastest-growing market for fluoroelastomers during the forecast period, followed by North America and Europe. The growth of the market can be attributed to the presence of the regional manufacturers of fluoroelastomers, such as Asahi Glass Co. (Japan), Daikin Industries (Japan), Dongyue Group Co. (China), Gujarat Fluorochemicals Limited (India), Shanghai 3F New Materials Co. (China), Shin-Etsu Chemical Co. (Japan), and Zhonghao Chenguang Research Institute of Chemical Industry (China) in the region. The fluoroelastomers market in India is projected to grow at the highest CAGR during the forecast period.

Companies operating in the fluoroelastomer market are investing to increase their product portfolios along with improvements in distribution networks and thus enhancing their positions in the market. They have adopted strategies such as mergers & acquisitions, new product developments, and expansions to cater to the increasing demand for fluoroelastomers from different regions. For instance, in 2015, the Chemours Company introduced a new grade of Viton, VTR-9307. The product provides high temperature and chemical resistance along with high acid resistance. This has increased its usability in automotive applications such as EGR sensors. The company also entered into a joint venture with Zhonghao Chenguang Research Co. (China), in February 2015, which markets Viton in the Asia Pacific.

Asahi Glass Co. (Japan), Daikin Industries (Japan), Dongyue Group Co.  (China), DuPont (US), Gujarat Fluorochemicals Limited (India), HaloPolymer OJSC (Russia), Shanghai 3F New Materials Co.  (China), Shin-Etsu Chemical Co.  (Japan), Solvay (Belgium), Chemours (US), and 3M (US) are some of the companies operating in the fluoroelastomers market.

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