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Fluoroelastomers - Global Market Trajectory & Analytics

  • ID: 4804887
  • Report
  • April 2021
  • Region: Global
  • 278 Pages
  • Global Industry Analysts, Inc
Global Fluoroelastomers Market to Reach $1.9 Billion by 2027

Amid the COVID-19 crisis, the global market for Fluoroelastomers estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.9 Billion by 2027, growing at a CAGR of 5% over the analysis period 2020-2027. Fluorocarbon Elastomers, one of the segments analyzed in the report, is projected to record a 4.6% CAGR and reach US$999.6 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fluorosilicone Elastomers segment is readjusted to a revised 5.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at $358 Million, While China is Forecast to Grow at 7.7% CAGR

The Fluoroelastomers market in the U.S. is estimated at US$358 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$380.8 Million by the year 2027 trailing a CAGR of 7.6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.

Perfluoroelastomers Segment to Record 6% CAGR

In the global Perfluoroelastomers segment, USA, Canada, Japan, China and Europe will drive the 5.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$160 Million in the year 2020 will reach a projected size of US$232.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$248.7 Million by the year 2027, while Latin America will expand at a 7.2% CAGR through the analysis period.

Select Competitors (Total 38 Featured):
  • 3M Company
  • Asahi Glass Co., Ltd.
  • Chenguang Fluoro & Silicone Elastomers Co., Ltd.
  • Clwyd Compounders Ltd.
  • Daikin Industries Ltd.
  • Dongyue Group Ltd.
  • DowDuPont, Inc.
  • Dynafluon
  • Eagle Elastomer Inc.
  • Eastcorp International
  • Fluoron Chemicals
  • Greene, Tweed & Co., Inc.
  • Gujarat Fluorochemicals Limited
  • HaloPolymer OJSC
  • James Walker UK Ltd.
  • Marco Rubber & Plastic Products, Inc.
  • Polycomp B.V.
  • Precision Polymer Engineering Ltd.
  • Shanghai 3F New Material Co., Ltd.
  • Shin-Etsu Chemical Co., Ltd.
  • Solvay SA
  • SUMITOMO ELECTRIC Schrumpf-Produkte GmbH
  • The Chemours Company
  • TRP Polymer Solutions Ltd.
  • Zhonghao Chenguang Research Institute of Chemical Industry
Frequently Asked Questions about the Global Market for Fluoroelastomers

What is the estimated value of the Global Market for Fluoroelastomers?

The Global Market for Fluoroelastomers was estimated to be valued at $1.3 Billion in 2020.

What is the growth rate of the Global Market for Fluoroelastomers?

The growth rate of the Global Market for Fluoroelastomers is 5.6%, with an estimated value of $1.9 Billion by 2027.

What is the forecasted size of the Global Market for Fluoroelastomers?

The Global Market for Fluoroelastomers is estimated to be worth $1.9 Billion by 2027.
Note: Product cover images may vary from those shown

  • Influencer Market Insights
  • World Market Trajectories
  • Fluoroelastomer: An Introduction
  • A Prelude to Fluoroelastomer
  • Asia-Pacific Market
  • Middle East & Africa Market
  • Impact of Covid-19 and a Looming Global Recession
  • Regional Market Share
  • Increasing Demand for Fluorocarbon Elastomers

  • Active Players in United States
  • Active Players in Canada
  • Active Players in Japan
  • Active Players in China
  • Active Players in France
  • Active Players in Germany
  • Active Players in Italy
  • Active Players in United Kingdom
  • Active Players in Spain
  • Active Players in Russia
  • Active Players in Rest of Europe
  • Active Players in Australia
  • Active Players in India
  • Active Players in South Korea
  • Active Players in Rest of Asia-Pacific
  • Active Players in Argentina
  • Active Players in Brazil
  • Active Players in Mexico
  • Active Players in Rest of Latin America
  • Active Players in Iran
  • Active Players in Israel
  • Active Players in Saudi Arabia
  • Active Players in United Arab Emirates
  • Active Players in Rest of Middle East
  • Active Players in Africa

  • Total Companies Profiled: 38
Note: Product cover images may vary from those shown