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Global Fluoro Elastomers Market - Segmented by Product Type, End-user Industry, Application, and Geography - Growth, Trends, and Forecast (2020 - 2025)

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The global fluoro elastomers market is expected to witness a CAGR of approximately 7% during the forecasted period, majorly driven by growing demand from automotive and process industries, where the heat and chemical resistance properties of fluoro elastomers under harsh conditions are appreciated.

O-rings, Seals and Sealants are the Major Application

Fluoro Elastomers are widely used as O-rings, seals and sealants. The high fluorine to hydrogen content makes them resistant to high temperature and oils. The usage of these in automotive, aerospace, and process industries is expected to grow significantly in the future, due to the rising consumer demand for high performance products.

Automotive as one of the Major End-user Industries

Fluoro Elastomers are expected to be widely used in automotive industry due to their sealing properties. These synthetic rubber compounds can withstand harsh conditions, like temperature extremes, and resistance to oil, and other chemicals. These properties make it invaluable in automotive applications, like valves, diaphragms, O-rings, and other seals and joints. The growing automotive industry, especially in emerging economies like China and India is expected to be a major driver for the market.

Asia Pacific a Major User of Fluoro Elastomers

Asia-Pacific currently leads the consumption of Fluoro Elastomers due to their usage in automotive, electronics, and process industries. Asia-Pacific is a hub for manufacturing, and these end-user industries are growing at a significant rate due to the increasing local demand and export markets. The higher pricing of fluoro elastomers is a deterrent in this market. However, the growing consumer preference for high performance products is overcoming the price sensitivity, and this region is also expected to be fastest growing market for fluoro elastomers. 

Notable Developments

  • In February 2018 Eagle elastomer Inc, planned to expand after it has achieved 24% growth in the past year, following a drop in 2015 and 2016. Extruded products have been the largest growth driver for the company

Major Players: 3M Company, Asahi Glass, Daikin Industries, Dongyue Group, DuPont, Eagle Elastomer, Halopolymer, Honeywell International, Lanxess, Shanghai 3F New Material Co., and Solvay, amongst others.

Reason to Purchase this Report

  • To understand the impact of various product type in the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating product type, end-user Industry, and application in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet in excel

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