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Fluoroelastomer Market Report: Trends, Forecast and Competitive Analysis to 2030

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    Report

  • 150 Pages
  • March 2024
  • Region: Global
  • Lucintel
  • ID: 5980060

Fluoroelastomer Trends and Forecast

The future of the global fluoroelastomer market looks promising with opportunities in the automotive, aerospace, chemical, oil & gas, energy & power, and pharmaceutical & food markets. The global fluoroelastomer market is expected to reach an estimated $1.9 billion by 2030 with a CAGR of 2.7% from 2024 to 2030. The major drivers for this market are increasing demand for more fuel-efficient vehicles and rising need for high-performance elastomers.

Fluoroelastomer by Segment

The study includes a forecast for the global fluoroelastomer by type, application, end use, and region.

Fluoroelastomer Market by Type [Shipment Analysis by Value from 2018 to 2030]:

  • Fluorocarbon
  • Fluorosilicone
  • Perfluoroelastomer

Fluoroelastomer Market by Application [Shipment Analysis by Value from 2018 to 2030]:

  • O-Rings
  • Seal & Gasket
  • Hoses
  • Others

Fluoroelastomer Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

  • Automotive
  • Aerospace
  • Chemical
  • Oil & Gas
  • Energy & Power
  • Pharmaceutical & Food
  • Others

Fluoroelastomer Market by Region [Shipment Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Fluoroelastomer Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies fluoroelastomer companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the fluoroelastomer companies profiled in this report include:
  • The Chemours
  • Solvay
  • 3M
  • DAIKIN
  • Gujarat Fluorochemicals
  • Asahi Glass
  • Dongyue
  • HaloPolymer
  • James Walker
  • Shin-Etsu Chemicals

Fluoroelastomer Market Insights

The publisher forecasts that fluorocarbon will remain the largest segment over the forecast period due to its application in the manufacturing of parts that are more affordable than others and can be utilized in harsh environments.

Within this market, automotive is expected to witness the highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to significant demand for fluoroelastomer from various end use industries, such as automotive, pharmaceutical, and food processing in the region.

Features of the Global Fluoroelastomer Market

- Market Size Estimates: Fluoroelastomer market size estimation in terms of value ($B).
  • Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
  • Segmentation Analysis: Fluoroelastomer market size by type, application, end use, and region in terms of value ($B).
  • Regional Analysis: Fluoroelastomer market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
  • Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the fluoroelastomer market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape of the fluoroelastomer market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the fluoroelastomer market size?
Answer: The global fluoroelastomer market is expected to reach an estimated $1.9 billion by 2030.

Q2. What is the growth forecast for fluoroelastomer market?
Answer: The global fluoroelastomer market is expected to grow with a CAGR of 2.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the fluoroelastomer market?
Answer: The major drivers for this market are increasing demand for more fuel-efficient vehicles and rising need for high-performance elastomers.

Q4. What are the major segments for fluoroelastomer market?
Answer: The future of the fluoroelastomer market looks promising with opportunities in the automotive, aerospace, chemical, oil & gas, energy & power, and pharmaceutical & food markets.

Q5. Who are the key fluoroelastomer market companies?
Answer: Some of the key fluoroelastomer companies are as follows:
  • The Chemours
  • Solvay
  • 3M
  • DAIKIN
  • Gujarat Fluorochemicals
  • Asahi Glass
  • Dongyue
  • HaloPolymer
  • James Walker
  • Shin-Etsu Chemicals
Q6. Which fluoroelastomer market segment will be the largest in future?
Answer: The publisher forecasts that fluorocarbon will remain the largest segment over the forecast period due to its application in the manufacturing of parts that are more affordable than others and can be utilized in harsh environments.

Q7. In fluoroelastomer market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to significant demand for fluoroelastomer from various end use industries, such as automotive, pharmaceutical, and food processing in the region.

Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.

This report answers the following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the fluoroelastomer market by type (fluorocarbon, fluorosilicone, and perfluoroelastomer), application (o-rings, seal & gasket, hoses, and others), end use (automotive, aerospace, chemical, oil & gas, energy & power, pharmaceutical & food, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?


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Table of Contents

1. Executive Summary
2. Global Fluoroelastomer Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Fluoroelastomer Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Fluoroelastomer Market by Type
3.3.1: Fluorocarbon
3.3.2: Fluorosilicone
3.3.3: Perfluoroelastomer
3.4: Global Fluoroelastomer Market by Application
3.4.1: O-Rings
3.4.2: Seal & Gasket
3.4.3: Hoses
3.4.4: Others
3.5: Global Fluoroelastomer Market by End Use
3.5.1: Automotive
3.5.2: Aerospace
3.5.3: Chemical
3.5.4: Oil & Gas
3.5.5: Energy & Power
3.5.6: Pharmaceutical & Food
3.5.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Fluoroelastomer Market by Region
4.2: North American Fluoroelastomer Market
4.2.1: North American Fluoroelastomer Market by Type: Fluorocarbon, Fluorosilicone, and Perfluoroelastomer
4.2.2: North American Fluoroelastomer Market by End Use: Automotive, Aerospace, Chemical, Oil & Gas, Energy & Power, Pharmaceutical & Food, and Others
4.3: European Fluoroelastomer Market
4.3.1: European Fluoroelastomer Market by Type: Fluorocarbon, Fluorosilicone, and Perfluoroelastomer
4.3.2: European Fluoroelastomer Market by End Use: Automotive, Aerospace, Chemical, Oil & Gas, Energy & Power, Pharmaceutical & Food, and Others
4.4: APAC Fluoroelastomer Market
4.4.1: APAC Fluoroelastomer Market by Type: Fluorocarbon, Fluorosilicone, and Perfluoroelastomer
4.4.2: APAC Fluoroelastomer Market by End Use: Automotive, Aerospace, Chemical, Oil & Gas, Energy & Power, Pharmaceutical & Food, and Others
4.5: ROW Fluoroelastomer Market
4.5.1: ROW Fluoroelastomer Market by Type: Fluorocarbon, Fluorosilicone, and Perfluoroelastomer
4.5.2: ROW Fluoroelastomer Market by End Use: Automotive, Aerospace, Chemical, Oil & Gas, Energy & Power, Pharmaceutical & Food, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Fluoroelastomer Market by Type
6.1.2: Growth Opportunities for the Global Fluoroelastomer Market by Application
6.1.3: Growth Opportunities for the Global Fluoroelastomer Market by End Use
6.1.4: Growth Opportunities for the Global Fluoroelastomer Market by Region
6.2: Emerging Trends in the Global Fluoroelastomer Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Fluoroelastomer Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Fluoroelastomer Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: The Chemours
7.2: Solvay
7.3: 3M
7.4: DAIKIN
7.5: Gujarat Fluorochemicals
7.6: Asahi Glass
7.7: Dongyue
7.8: HaloPolymer
7.9: James Walker
7.10: Shin-Etsu Chemicals

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • The Chemours
  • Solvay
  • 3M
  • DAIKIN
  • Gujarat Fluorochemicals
  • Asahi Glass
  • Dongyue
  • HaloPolymer
  • James Walker
  • Shin-Etsu Chemicals

Methodology

The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:

  • In-depth interviews of the major players in the market
  • Detailed secondary research from competitors’ financial statements and published data
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.

Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.

Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.

 

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