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Global Fluoroelastomer Market Share, Size, Trends, Forecast: By Product Type: Fluorocarbon Elastomers, Fluorosilicone Elastomers, Perfluorocarbon Elastomers; By Application: Diaphragms, Valves, O-Rings, Seals and Sealants, Others; By End-Use: Automotive, Aerospace, Oil and Gas, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Fluoroelastomer Market Outlook
The global fluoroelastomer market size reached a value of around USD 1.66 billion in 2023. The market is further expected to grow at a CAGR of 4.20% between 2024 and 2032, reaching a value of around USD 2.39 billion by 2032.
Key Trends in the Market
Fluoroelastomers, also known as fluorocarbon elastomers, refer to synthetic rubbers that are created through a copolymerisation process, and employed in a range of high-performance applications. Suited for harsh environments, fluoroelastomers have long-term durability and minimal environmental impact while being excellent in compression, resistant to UV and ozone, and have a low gas absorption rate.
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- The global market for fluoroelastomers is predicted to grow significantly over the next few years due to their rising applications in the automotive industry and their superior mechanical, thermal, and sealing properties.
- The key fluoroelastomer market trends driving the market growth are the rising demand for fuel-efficient cars and the aerospace industry's growing need for specialised fluoroelastomer products like hoses and gaskets.
- Fluoroelastomers are anticipated to grow in popularity due to their ability to withstand adverse weather conditions in various industrial applications. Further product developments are expected to increase their demand further by enhancing application potential.
Global Fluoroelastomer Market Analysis
Based on product type, the market is divided into fluorocarbon elastomers, fluorosilicone elastomers, and perfluorocarbon elastomers. The market, based on application, is categorised into diaphragms, valves, and O-Rings, seals and sealants, among others. On the basis of end-use, the market is segmented into automotive, aerospace, oil and gas, and industrial, among others. The regional markets for fluoroelastomer are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global fluoroelastomer market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- The Chemours Company LLC
- Solvay S.A.
- Daikin Industries, Ltd.
- 3M Company
- AGC, Inc
- Shin-Etsu Chemical Co., Ltd.
- Gujarat Fluorochemicals Limited
- Eagle Elastomer Inc
- HaloPolymer, OJSC
- James Walker Group Limited
- Dynafluon
- Others
Global Fluoroelastomer Market Share by End-Use
Automotive accounts for a sizable share in the market for fluoroelastomers by end-use as fluoroelastomers are frequently used in the automotive sector to lower emissions, improve fuel economy, stop fluid leaks, and boost system performance. Furthermore, the strict emission regulations in the automotive sector and the characteristics of fluoroelastomers such as their extreme resistance to swelling and degradation when exposed to petrol or UV light and ozone, are aiding the fluoroelastomer market growth.
Global Fluoroelastomer Market Share by Region
The Asia Pacific region is expected to be one of the largest regions in the fluoroelastomers market. Fluoroelastomers are in high demand due to the growth of manufacturing industries in countries such as China and India, which have become some of the world's largest industrial hubs. Additionally, the Asia Pacific is anticipated to increase its market share for fluoroelastomers due to the increasing production of EVs in developing countries of the region.
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Competitive Landscape
The Chemours Company LLC, established in 2015, is headquartered in Delaware in the United States. The company is a world leader in titanium technologies, thermal and specialised solutions, advanced performance materials, and chemical solutions, offering solutions to a wide range of industries.
3M Company, headquartered in Minnesota in the United States and established in 1902 manufactures a wide range of products, such as consumer electronics components, abrasives, sticky tape, and associated items. The company also manufactures consumer, industrial, and safety items.
AGC, Inc., established in 1907, is a prominent provider of high-tech materials and components, including flat, automotive, display, and chemical glass. Headquartered in Tokyo, Japan, AGC offers caustic soda, polyvinyl chloride, fluorinated resins, vinyl chloride monomer, and water and oil repellents.
Other market players include Solvay S.A., Daikin Industries, Ltd., Shin-Etsu Chemical Co., Ltd., Gujarat Fluorochemicals Limited, Eagle Elastomer Inc, HaloPolymer, OJSC, James Walker Group Limited, and Dynafluon, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
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| Breakup by Application |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Fluoroelastomer Market Analysis
8.1 Key Industry Highlights
8.2 Global Fluoroelastomer Historical Market (2018-2023)
8.3 Global Fluoroelastomer Market Forecast (2024-2032)
8.4 Global Fluoroelastomer Market by Product Type
8.4.1 Fluorocarbon Elastomers
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Fluorosilicone Elastomers
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Perfluorocarbon Elastomers
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Fluoroelastomer Market by Application
8.5.1 Diaphragms
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Valves
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 O-Rings, Seals and Sealants
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Others
8.6 Global Fluoroelastomer Market by End-Use
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Aerospace
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Oil and Gas
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Industrial
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Fluoroelastomer Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Fluoroelastomer Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Fluoroelastomer Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Fluoroelastomer Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Fluoroelastomer Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Fluoroelastomer Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 The Chemours Company LLC
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Solvay S.A.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Daikin Industries, Ltd.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 3M Company
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 AGC, Inc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Shin-Etsu Chemical Co., Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Gujarat Fluorochemicals Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Eagle Elastomer Inc
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 HaloPolymer, OJSC
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 James Walker Group Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Dynafluon
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Fluoroelastomer Market: Key Industry Highlights, 2018 and 2032
2. Global Fluoroelastomer Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Global Fluoroelastomer Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Global Fluoroelastomer Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Fluoroelastomer Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Fluoroelastomer Historical Market: Breakup by End-Use (USD Million), 2018-2023
7. Global Fluoroelastomer Market Forecast: Breakup by End-Use (USD Million), 2024-2032
8. Global Fluoroelastomer Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Fluoroelastomer Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Fluoroelastomer Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Fluoroelastomer Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Fluoroelastomer Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Fluoroelastomer Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Fluoroelastomer Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Fluoroelastomer Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Fluoroelastomer Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Fluoroelastomer Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Fluoroelastomer Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Fluoroelastomer Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Fluoroelastomer Market Structure
Key Questions Answered in the Report
In 2023, the global market for fluoroelastomers attained a value of USD 1.66 billion.
The market is projected to grow at a CAGR of 4.20% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach USD 2.39 billion by 2032.
The major drivers of the market include increasing use in the automobile industry, rising demand for fuel-efficient vehicles, growing demand from the aerospace industry, and increasing use in coatings application.
The growing importance of fluoroelastomers in industrial applications and the development of improved fluoroelastomers with better performance are the key trends propelling the growth of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The primary product types of fluoroelastomers are fluorocarbon elastomers, fluorosilicone elastomers, and perfluorocarbon elastomers.
The major players in the fluoroelastomer market are The Chemours Company LLC, Solvay S.A., Daikin Industries, Ltd., 3M Company, AGC, Inc, Shin-Etsu Chemical Co., Ltd., Gujarat Fluorochemicals Limited, Eagle Elastomer Inc, HaloPolymer, OJSC, James Walker Group Limited, and Dynafluon, among others.
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