Pune, Maharashtra -- (SBWIRE) -- 09/10/2018 -- Global Fluoro Elastomer Market Study Report 2018-2025
This market study describes the global Fluoro Elastomers market, with focus on major countries and their subsequent demand for different applications. The study covers demand analysis for regions like North America, Western Europe, Central & Eastern Europe, Central & South America, Asia-Pacific and Middle East & Africa and major countries like the U.S., Canada, Mexico, Germany, France, Italy, U.K., Spain, Russia, Poland, Czech Republic, Turkey, China, Japan, India, South Korea, Indonesia, Malaysia, Brazil, South Africa and Saudi Arabia.
The market is segmented mainly according to the applications such as fluorocarbon elastomer, fluorosilicone elastomer, perfluoro elastomers and others.
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Top Leading Companies are: Chemours, Solvay Solexis, Daikin, Dyneon, Solvay Shanghai 3F JV, Meilan, Zhenjing Juhua Co Ltd, Changshu Xinhua Chemical Ltd, Asahi Glass, HaloPolymer, DOW Corning, Shin-Itsu, Wacker Chemie, Elkem Group, Momentive, Nusil, KCC Corporation, Huanxin Fluorochemical, Shanghai 3F New Material, Etc.
The report provides answers to the following key questions:
- How big is the Fluoro Elastomer market?
- How is the market evolving by demand, segment and region?
- What will the market size be in 2025 and at what rate will it grow?
- What trends, challenges and barriers are influencing its growth?
- Historical and future price trends for Fluoro Elastomer.
This independent 200 pages report guarantees you will remain better informed than your competition. With over 100 tables and figures examining the Fluoro Elastomer market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader's market revenue forecasts as well as analysis to 2025.
Furthermore, the report provides a detailed analysis of the global Fluoro Elastomer market with analysis of market size by value and volume. Along with this, an analysis of penetration rate and the average revenue generated per user (ARPU) in the market has also been done.
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Owing to its unique and important characteristics like heat resistance, sealing and mechanical properties, fluoroelastomers are used in number of applications. For example, in the automotive sector, it is used in designing more efficient passenger cars. In the chemical & processing industry it is used to manufacture long lasting equipment. According to Prismane ConsultingÕs Fluoropolymers & Fluoroelastomer Word Economics Model, the combined total consumption of the three major fluoroelastomers is forecast to grow at an average annual rate of around 3.5 to 5% through 2025, with higher than average for countries like China and India.
A major portion of fluoroelastomer production goes into manufacturing of o-rings & gaskets for industries such as aerospace, automotive, chemical processing, food & pharmaceuticals and semiconductor fabrications. Asia-Pacific is the largest market in terms of flurorelastomers consumption and is further expected to increase its market share in the short, mid and long-term forecast.
Fluoroelastomers are polymers that contain fluorine. Fluorocarbon Elastomers (FKM) accounts for more than 80% of the total fluoroelastomer demand. It is made up of two or more monomer units which can crystallize if the bulky side group is not incorporated at the intervals. This bulky group makes FKM amorphous in nature. Commercial FKM is made from vinyl monomers such as difluroethylaene (VDF) and tetrafluoroethylene (TFE). The bulky groups include methyl vinyl ether, hexafluoropropylene (HFP) and propylene. The monomer combination is chosen carefully to produce sustainable product with excellent elastomeric properties. The applications covered are O-rings, Gaskets, Seals & hoses, complex moulding parts and others. The major end user industries of FKM include Automotive, Aerospace, Oil & Gas, Industrial and Others.
The growth opportunities for fluoroelastomers (Fluorocarbon, Fluorosilicone, and Perfluoroelastomer) and other engineering plastics in the automotive industry are primarily linked with the industryÕs drive for lower emission and increased fuel efficiency. Fluoroelastomers also provides the option of replacement of metals with plastics to reduce the weight of the vehicle, achieving fuel efficiency.
Unexplored opportunities of replacing metals in automotive, aerospace, industrial applications as well as electrical and electronics and global tightening of environmental regulations for automobiles to improve fuel mileage, control emission and reduce fuel permeation is expected to is expected to drive the fluoroelastomer market. Growth in production of automobiles and initiatives taken by original equipment manufacturers to reduce weight of the vehicles will further drive the demand of fluoroelastomer in the long-term forecast.
Reasons for Buying this Report
- Fluoro Elastomer report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a five to seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future Outlook.
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