Market Size of Fluorosilicone Industry
| Study Period | 2019-2029 |
| Market Volume (2024) | 29.67 kilotons |
| Market Volume (2029) | 39.95 kilotons |
| CAGR (2024 - 2029) | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Fluorosilicone Market Analysis
The Fluorosilicone Market size is estimated at 29.67 kilotons in 2024, and is expected to reach 39.95 kilotons by 2029, growing at a CAGR of greater than 5% during the forecast period (2024-2029).
The COVID-19 pandemic negatively affected the market in 2020 due to disruptions in the supply chain and the closure of manufacturing facilities. The aerospace industry was hampered in the short term due to the COVID-19 pandemic since air travel was restricted around the world. However, the market recovered in 2021 and 2022 and is expected to register growth over the forecast period.
The major factor driving the growth of the market is the extensive use of fluorosilicates in manufacturing sealing systems for the defense and aerospace sectors. Additionally, growing applications in the oil and gas industry are also driving the market studied.
On the flip side, the availability of substitutes such as fluorocarbons is hindering the growth of the market.
Blending fluorosilicone with highly consistent rubber (HCR) acts as an opportunity for the market over the forecast period.
The North American region is expected to dominate the market because of the cheap availability of raw materials, growth in the defense and aerospace sector, and the growing oil and gas industry in the area.
