Fluoroelastomers Market by Type, by Application and by End-User Industries - Global Trends & Forecast to 2022

  • ID: 4427169
  • Report
  • Region: Global
  • 164 pages
  • Markets and Markets
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The Fluoroelastomers Market is Expected to Reach USD 1.64 Billion by 2022

FEATURED COMPANIES

  • 3M
  • Chemours
  • Daikin Industries
  • Dynafluon
  • Eastcorp International
  • Halopolymer OJSC
  • MORE

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

The fluoroelastomers market is projected to grow at a CAGR of 6.2% in terms of value, from 2017 to 2022

The fluoroelastomers market is expected to reach USD 1.64 billion by 2022, at a CAGR of 6.2% increasing from USD 1.21 billion in 2017. Fluoroelastomers are used in the manufacture of sealing products such as O-rings, seals & gaskets, and hoses. The growing demand for high performance elastomers in the automotive, aerospace, and semiconductor industries is projected to drive the market for fluoroelastomers during the forecast period. 

The perfluoroelastomers type segment of the fluoroelastomers market is projected grow at the highest CAGR between 2017 and 2022

Perfluoroelastomers are specialty high-performance elastomers possessing exceptional chemical resistance and high temperature stability. These are copolymers made of tetrafluoroethylene and perfluoromethylvinyl ether. Perfluoroelastomers can be used for all applications wherein the properties of fluorocarbon elastomers are not sufficient. Perfluoroelastomers can withstand higher temperature ranges providing excellent chemical resistance for longer durations when compared to other kinds of fluoroelastomers.  Perfluoroelastomers are used to manufacture high performance O-rings and seals which find applications in the energy & power, oil and gas recovery, semiconductor manufacture, pharmaceutical & chemical processing, and aerospace industries.

Asia Pacific was the largest market for fluoroelastomers in 2016, and is also projected to grow at the highest CAGR during the forecast period

Asia Pacific is the largest market for fluoroelastomers, and the trend is expected to continue till 2022. China is the key market in the region, accounting for more than half of the demand for fluoroelastomers in the Asia Pacific. China is followed by Japan, South Korea, and India, where consumption is growing at a steady pace. China is emerging as an important hub in the fluoroelastomers industry as it witnesses new facilities being established.

Increase in the consumption of fluoroelastomers for automotive, semiconductors, and chemical processing has been observed in the Asia Pacific due to continued industrialization and rise in the manufacturing sector of the region. Growing demand in consumer industries for better products along with growing innovations and developments in fluoroelastomers is directly affecting the rise in the use of these fluoroelastomers. High growth and innovations, along with industry consolidations are projected to provide a bright future for the industry in the region.

Extensive primary interviews were conducted to determine and verify the market sizes of various segments and subsegments of the fluoroelastomers market.

The break-up of primary interviews is given below:

  •  By Company Type - Tier 1 – 30%, Tier 2 – 43%, and Tier 3 – 27%
  •  By Designation - C level – 21%, Director level – 23%, and Others – 56%
  •  By Region - North America – 30%, Europe – 18%, Asia Pacific– 41%, and RoW- 11%

The companies operating in the fluoroelastomers market are 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).

Research Coverage:
This research report categorizes the fluoroelastomers market based on type, application, end-use industry, and region. The report includes detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities influencing the growth of the fluoroelastomers market. A detailed analysis of the key industry players has been undertaken to provide insights into their businesses and the products & services offered by them. The report also delineates the key strategies, such as expansions, mergers & acquisitions, new product developments, and agreements adopted by the leading players to strengthen their positions in the fluoroelastomers market.

Reasons to Buy the Report
The report is expected to help market leaders/new entrants in this market in the following ways:
1. This report segments the fluoroelastomers market comprehensively and provides the closest approximations of the sizes for the overall market and its subsegments across different verticals and regions.
2. The report is expected to help stakeholders understand the pulse of the market and provide them information on key market drivers, such as restraints, challenges, and opportunities influencing the growth of the fluoroelastomers market.
3. This report is expected to help stakeholders understand the major competitors in the fluoroelastomers market and gain insights to enhance their positions. The competitive landscape section includes detailed information on the expansions, acquisitions, and new product developments in the market.

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FEATURED COMPANIES

  • 3M
  • Chemours
  • Daikin Industries
  • Dynafluon
  • Eastcorp International
  • Halopolymer OJSC
  • MORE

1 Introduction 
    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 
    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 

4 Premium Insights 
    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 
    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, 2010–20
           5.4.3 Chemical Processing Industry Forecast: 2015-20

6 Fluoroelastomer Market, By Type and Application 
    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 
    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 
    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 
    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 
(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 
     11.1 Insights of Industry Experts
     11.2 Discussion Guide

List of 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 Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 20 Fluoroelastomer Market Size in Automotive Industry, By Region, 2015–2022 (Ton)
Table 21 Fluoroelastomer Market Size in Automotive Industry, By Region, 2015–2022 (USD Million)
Table 22 Fluoroelastomer Market Size in Aerospace Industry, By Region, 2015–2022 (Ton)
Table 23 Fluoroelastomer Market Size in Aerospace Industry, By Region, 2015–2022 (USD Million)
Table 24 Fluoroelastomer Market Size in Oil & Gas Industry, By Region, 2015–2022 (Ton)
Table 25 Fluoroelastomer Market Size in Oil & Gas Industry, By Region, 2015–2022 (USD Million)
Table 26 Fluoroelastomer Market Size in Energy & Power Industry, By Region, 2015–2022 (Ton)
Table 27 Fluoroelastomer Market Size in Energy & Power Industry, By Region, 2015–2022 (USD Million)
Table 28 Fluoroelastomer Market Size in Chemical Processing Industry, By Region, 2015–2022 (Ton)
Table 29 Fluoroelastomer Market Size in Chemical Processing Industry, By Region, 2015–2022 (USD Million)
Table 30 Fluoroelastomer Market Size in Semiconductor Industry, By Region, 2015–2022 (Ton)
Table 31 Fluoroelastomer Market Size in Semiconductor Industry, By Region, 2015–2022 (USD Million)
Table 32 Fluoroelastomer Market Size in Pharmaceutical & Food Processing Industry, By Region, 2015–2022 (Ton)
Table 33 Fluoroelastomer Market Size in Pharmaceutical & Food Processing Industry, By Region, 2015–2022 (USD Million)
Table 34 Fluoroelastomer Market Size in Other End-Use Industries, By Region, 2015–2022 (Ton)
Table 35 Fluoroelastomer Market Size in Other End-Use Industries, By Region, 2015–2022 (USD Million)
Table 36 Fluoroelastomer Market, By Region, 2015-2022 (Ton)
Table 37 Fluoroelastomer 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: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 76 China: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 77 China: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 78 Japan: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 79 Japan: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 80 Japan: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 81 Japan: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 82 India: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 83 India: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 84 India: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 85 India: Fluoroelastomer 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: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 88 South Korea: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 89 South Korea: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (USD Million)
Table 90 Taiwan: Fluoroelastomer Market, By Type, 2015-2022 (Ton)
Table 91 Taiwan: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 92 Taiwan: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 93 Taiwan: Fluoroelastomer 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: Fluoroelastomer Market, By Type, 2015-2022 (USD Million)
Table 96 Rest of Asia-Pacific: Fluoroelastomer Market Size, By End-Use Industry, 2015-2022 (Ton)
Table 97 Rest of Asia-Pacific: Fluoroelastomer 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: Fluoroelastomer Market Size, By Country, 2015–2022 (USD Million)
Table 100 Middle East & Africa: Fluoroelastomer Market Size, By Type, 2015–2022 (Ton)
Table 101 Middle East & Africa: Fluoroelastomer 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: Fluoroelastomer 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: Fluoroelastomer Market Size, By Type, 2015–2022 (USD Million)
Table 112 Saudi Arabia: Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 113 Saudi Arabia: Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 114 South Africa: Fluoroelastomer Market Size, By Type, 2015–2022 (Ton)
Table 115 South Africa: Fluoroelastomer Market Size, By Type, 2015–2022 (USD Million)
Table 116 South Africa: Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 117 South Africa: Fluoroelastomer 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: Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 121 Rest of Middle East & Africa: Fluoroelastomer 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: Fluoroelastomer Market Size, By Country, 2015–2022 (USD Million)
Table 124 South America: Fluoroelastomer Market Size, By Type, 2015–2022 (Ton)
Table 125 South America: Fluoroelastomer 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: Fluoroelastomers Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 133 South America: Fluoroelastomers Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 134 Brazil: Fluoroelastomer Market Size, By Type, 2015–2022 (Ton)
Table 135 Brazil: Fluoroelastomer Market Size, By Type, 2015–2022 (USD Million)
Table 136 Brazil: Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 137 Brazil: Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 138 Argentina: Fluoroelastomer Market Size, By Type, 2015–2022 (Ton)
Table 139 Argentina: Fluoroelastomer Market Size, By Type, 2015–2022 (USD Million)
Table 140 Argentina: Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 141 Argentina: Fluoroelastomer 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: Fluoroelastomer Market Size, By Type, 2015–2022 (USD Million)
Table 144 Rest of South America: Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (Ton)
Table 145 Rest of South America: Fluoroelastomer Market Size, By End-Use Industry, 2015–2022 (USD Million)
Table 146 Top Five Industry Players

List of 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 2022
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

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • 3M
  • Chemours
  • Daikin Industries
  • Dynafluon
  • Eastcorp International
  • Halopolymer OJSC
  • MORE

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.

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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  • 3M
  • Asahi Glass Company
  • Chemours
  • Chenguang Fluoro & Silicone Elastomers Co.
  • Clwyed Compounders
  • Daikin Industries
  • Dongyue Group Co.
  • Dynafluon
  • E. I. Dupont De Nemours and Company
  • Eagle Elastomers Inc.
  • Eastcorp International
  • Greene, Tweed & Co.
  • Gujarat Fluorochemicals Limited
  • Halopolymer OJSC
  • James Walker & Co.
  • Marco Rubber & Plastic Products, Inc.
  • Polycomp Bv
  • Precision Polymer Engineering
  • Shanghai 3f New Material Co.
  • Shanghi Fluoron Chemicals Co.
  • Shin-Etsu Chemical Co.
  • Solvay SA
  • Sumitomo Electric Schrumpf-Produkte GmbH
  • Trp Polymer Solutions Limited.
  • Zhonghao Chenguang Research Institute of Chemical Industry
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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