Fluoroelastomers Market

Fluoroelastomers Market worth $1.8 billion by 2025

The report "Fluoroelastomers Market by Type (FKM, FVMQ, FFKM), Application (O-rings, seals & gaskets, Hoses), End-use (Automotive, Aerospace, Chemicals, Oil & Gas, Pharmaceutical & Food, Energy & Power) and Region - Global Forecast to 2025", The global fluoroelastomers market size is projected to grow from USD 1.6 billion in 2020 to USD 1.8 billion by 2025, at a CAGR of 2.5%% between 2020 and 2025. The growth is attributed to increasing demand for more fuel-efficient vehicles, strict emission norms in the auto industry, and growth in major end-use industries.

Browse 220 market data Tables and 33 Figures spread through 186 Pages and in-depth TOC on "Fluoroelastomers Market by Type (FKM, FVMQ, FFKM), Application (O-rings, seals & gaskets, Hoses), End-use (Automotive, Aerospace, Chemicals, Oil & Gas, Pharmaceutical & Food, Energy & Power) and Region - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/fluoroelastomer-market-77176667.html

Fluorocarbon type segment estimated to lead the fluoroelastomers market in 2019

Fluorocarbon (FKM) accounted for the largest share in the overall fluoroelastomers market. The basic grades of fluorocarbon elastomers are based on VDF and HFP monomers and are referred to as FKM in ASTM standards and FPM in ISO standards. It is used widely to manufacture O-rings and seals & gaskets, owing to their low cost and high resistance to oxygen, ozone, and elevated temperatures.

The automotive industry estimated to be leading consumer of fluoroelastomers

The automotive industry led the overall fluoroelastomers market in 2019, both in terms of value and volume. The reason for the industrial segment leading the market is due to the growing demand for more fuel-efficient vehicles, stringent emission norms adopted by the auto industry, and products that can perform better than conventional rubber.

APAC projected to account for the largest share of fluoroelastomers market during the forecast period in terms of volume.

APAC is projected to have the largest share in the global fluoroelastomers market, in terms of volume, from 2020 to 2025. APAC has some of the leading vehicle manufacturing countries such as China, India, and Japan. Apart from that, these countries also have a huge chemical industry. These factors make the region the largest consumer of fluoroelastomers.

The Chemours Company (US), Solvay SA (Belgium), and 3M (US), Asahi Glass Company (Japan), Daikin Industries (Japan), and Gujarat Fluorochemicals Limited (India) are the key players operating in the fluoroelastomers market. Expansions, acquisitions, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the fluoroelastomers market.

Don’t miss out on business opportunities in Fluoroelastomers Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

Report Code
CH 3318
PR Published ON
7/7/2020
Choose License Type
BUY NOW
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Fluoroelastomers Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
REQUEST A FREE WORKSHOP
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
+1-888-600-6441
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
© MarketsandMarkets Research Private Ltd. All rights reserved
...

Digital Virtual Assistant - MarketsandMarkets

Home