Middle East & Africa Fluoroelastomers Market - Growth, Trends, and Forecast (2019 - 2024)

The market is segmented by Type (Fluorocarbon Elastomers, Fluorosilicone Elastomers, and Perfluorocarbon Elastomers, and others), by End-user Industry (Automotive, Aviation and Aerospace, Oil and Gas, Industrial, and Other End-user Industries), and Geography.

Market Snapshot

Middle East & Af
Study Period:

2016-2024

Base Year:

2018

Key Players:

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Market Overview

The Middle East & African fluoroelastomer market are expected to register an estimated CAGR of 5.92%, over the forecast period of 2019 to 2024.

  • Some of the major factors driving the growth of the market studied are the superior chemical resistance and thermal characteristics of fluoroelastomers and their increasing applications in a wide range of end-user industries, especially the oil and gas and chemical processing sectors in the Middle East & Africa region.
  • Hazardous working conditions are expected to hinder the growth of the market studied. 

Scope of the Report

The Middle East & African fluoroelastomers market report includes:

Type
Fluorocarbon Elastomers
Fluorosilicone Elastomers
Perfluorocarbon Elastomers
Other Types
End-user Industry
Automotive
Aviation and Aerospace
Oil and Gas
Industrial
Other End-user Industries
Geography
Saudi Arabia
South Africa
Qatar
United Arab Emirates
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand for Fluorocarbon Elastomers

  • Fluorocarbon elastomers are highly fluorinated carbon-based polymers used in applications to resist harsh chemical and ozone attack. There are, however, specialty grade fluorocarbons that can provide high fluorine content with low-temperature properties.
  • Fluorocarbon elastomers become of vital importance in seal manufacturing. Owing to the wide of chemical compatibility, temperature range, low compression set, and excellent aging characteristics, fluorocarbon rubber is the most significant single elastomer developed over the years.
  • Fluorocarbons are resistant to a broader range of chemicals along with the excellent high-temperature properties than any of the other elastomers. Due to which, it is the most preferred elastomer for sealing in the use of O-rings and other custom seals over different types of elastomers, globally.
  • These elastomers are highly resistant to swelling and degradation when exposed to gasoline or UV light and ozone. With exposure to low temperatures, fluorocarbon elastomers can become hard (-4 °F) but can be serviceable at low temperatures, although these compounds are not ideal for applications requiring good low-temperature flexibility.
  • Additionally, some of the other materials are also present with the differing composition of monomers and fluorine content (65% to 71%) for improved resistance against low, high temperature, or chemicals. Fluorocarbon elastomers provide low gas permeability, which make them suitable for hard vacuum service applications and many other industrial applications.
  • Fluorocarbon materials are not usually recommended for applications where hot water, steam, polar solvents, low molecular weight esters and ethers, glycol based brake fluids, or hot hydrofluoric or chlorosulfonic acids are being used.
Middle East & Af

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Saudi Arabia to Dominate the Market

  • Saudi Arabia is one of the major consumers of fluoroelastomers in the Middle East & African region. The fluoroelastomer market is expected to be mainly driven by the industrial and construction sector. According to IMF, Saudi Arabia registered 2.2 % GDP growth in 2018 and estimated to grow at a rate of 2.4 % in 2019.
  • Saudi Arabia is one of the largest markets for air-conditioning products, owing to its geography, climate, high per capita income, and rapid population growth. As the fluoroelastomers market majorly depends on the air conditioner and refrigerant demand, the growth in the air conditioner market and the refrigerant market is likely to drive the fluoroelastomer market in Saudi Arabia.
Middle East & Af

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Competitive Landscape

The Middle East & African fluoroelastomer market is consolidated in nature. Strong backward integration of major manufacturers, such as Solvay, DowDuPont, and 3M creates a stiff competition in the market.

Major Players

  1. Daikin Industries Ltd
  2. 3M
  3. Solvay
  4. DowDuPont Inc.
  5. Freudenberg Sealing Technologies

* Complete list of players covered available in the table of contents below

Middle East & Af

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Superior Chemical Resistance and Thermal Characteristics

      2. 4.1.2 Applications in a Wide Range Of End-user Industries

    2. 4.2 Restraints

      1. 4.2.1 Hazardous Working Condition

    3. 4.3 Industry Value-Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Fluorocarbon Elastomers

      2. 5.1.2 Fluorosilicone Elastomers

      3. 5.1.3 Perfluorocarbon Elastomers

      4. 5.1.4 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Automotive

      2. 5.2.2 Aviation and Aerospace

      3. 5.2.3 Oil and Gas

      4. 5.2.4 Industrial

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Saudi Arabia

      2. 5.3.2 South Africa

      3. 5.3.3 Qatar

      4. 5.3.4 United Arab Emirates

      5. 5.3.5 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 DowDuPont Inc.

      2. 6.4.2 3M

      3. 6.4.3 Dongyue Group

      4. 6.4.4 Shanghai Fluoron Chemicals Co.Ltd

      5. 6.4.5 AGC Chemicals Americas, Inc.

      6. 6.4.6 Daikin Industries Ltd

      7. 6.4.7 Freudenberg Sealing Technologies

      8. 6.4.8 Kureha

      9. 6.4.9 Parker Hannifin Corp

      10. 6.4.10 Solvay SA

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Automotive and Aerospace Industries

**Subject to Availability

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