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Global Perfluoroelastomer (FFKM) Market Share, Size, Trends, Analysis, Growth, Forecast: By Application: Moulding Parts, Gaskets, Seals, Others; By End Use: Automotive and Aerospace, Energy and Power, Oil and Gas, Semiconductor, Polymer Processing, Others; Regional Analysis; Market Dynamics; Competitive Landscape; 2024-2032
Global Perfluoroelastomer (FFKM) Market Outlook
The global perfluoroelastomer (FFKM) market is expected to grow in the forecast period of 2024-2032 at a CAGR of 2.60% driven by the surging adoption of perfluoroelastomers in the electronics sector and various chemical processing industries across the globe.
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Key Trends in the Market
Perfluoroelastomer or FFKM refers to the elastomeric form of poly tetrafluoro ethylene or PTFE which contains higher amounts of fluorine as compared to standard FKM. It also contains higher temperature ratings, up to approximately 325°C, and has also enhanced chemical resistance, with nearly universal chemical compatibility. Due to these characteristics, it has increasing end uses across industries.
- Perfluoroelastomer (FFKM) is swiftly developing as the elastomer material of choice for demanding applications, such as in chemical processing and oil and gas industries due to its high temperature rating and greater fluorine content. This is expected to fuel the growth of the global perfluoroelastomer (FFKM) market over the coming years.
- Recent technological developments and research for perfluoroelastomer cross-linking technologies that combine broad chemical resistance and superior thermal stability are expected to positively impact the market growth of perfluoroelastomers over the forecast period. Increasing investments by key players in the market so as to increase thermal stability of FFKMs is also expected to boost the market growth.
- Perfluoroelastomers are employed as an alternative to seal materials when the standard fitted seal material is not chemically corresponding with the process media. It is also suitable for WFI systems and SIP cleaning processes, and such features of FFKM are expected to positively influence the growth of the perfluoroelastomer (FFKM) market across the globe.
Market Analysis
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Based on application, the market is segmented into moulding parts, gaskets, and seals, among others. On the basis of end use, the market is categorised into automotive and aerospace, energy and power, oil and gas, semiconductor, polymer processing, chemical processing, and food and pharmaceutical, among others. The regional markets for perfluoroelastomer (FFKM) are divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the 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 perfluoroelastomer (FFKM) market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Seal and Design Inc
- Solvay SA
- Daikin Industries, Ltd
- DuPont de Nemours, Inc.
- Precision Polymer Engineering Limited
- Others
Market Share by End Use
Chemical processing is significant end use for perfluoroelastomers where it is utilised in parts and seals incorporation, chemical etching, and wet chemical fluid handling along with heavy-duty cleaning processes. Furthermore, FFKM is resistant to various chemicals, oils, fuels, and hydrocarbons; these features improve their functioning across various domains in chemical processing, and are boosting the growth of the segment across the perfluoroelastomer (FFKM) market. Perfluoroelastomer is preferred for various oil and gas uses such as pump and motor stators, packer elements, and a range of sealing applications due to its suitability for explosive environments. The durability of FFKM makes it suitable for heavy duty machinery which are used in various critical tasks in chemical processing.
Market Share by Region
Geographically, the Asia Pacific region is expected to witness significant growth in the market for perfluoroelastomers on account of the increasing demand for fluororubber from the petroleum and chemical industries in the region. With the growing chemical industry in the countries like China, the demand for perfluoroelastomer is expected to rise. Furthermore, the strong presence of key market players such as Daikin Industries, Ltd in the Asia Pacific region is expected to support the growth of the perfluoroelastomer (FFKM) market over the forecast period. China is anticipated to fuel the market growth of perfluoroelastomers due to the high-volume production of semiconductors in the country.
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Competitive Landscape
Seal and Design Inc was established in 2007 and is headquartered in New York, United States. It is a leading manufacturing and distribution company across the globe specialising in all types of sealing products. The company portfolio incorporates O-rings, gaskets, moulded products, seals, and die-cut foams, among other specific products for various types of sealing applications.
Solvay SA founded in 1863, headquartered in Brussels, Belgium, is a chemical manufacturing company. The company distributes and manufactures specialty essential chemicals, chemical materials, and polymers, among others. It aims to bond people, ideas, and elements to reinvent progress, go beyond, reinvent future forms of progress, and generate sustainable shared value for all with help of science.
Daikin Industries, Ltd, established in 1924 and based in Osaka, Japan, is a leading supplier of refrigerants and air conditioners. The company offers a wide variety of technologies and products associated with refrigeration systems, air-conditioning, oil hydraulics, chemicals, and defence systems, among other electronics. Its air conditioners are extensively employed in commercial, residential, and industrial applications.
Other market players include DuPont de Nemours, Inc., and Precision Polymer Engineering Limited, 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 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 Perfluoroelastomer (FFKM) Market Analysis
8.1 Key Industry Highlights
8.2 Global Perfluoroelastomer (FFKM) Historical Market (2018-2023)
8.3 Global Perfluoroelastomer (FFKM) Market Forecast (2024-2032)
8.4 Global Perfluoroelastomer (FFKM) Market by Application
8.4.1 Moulding Parts
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Gaskets
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Seals
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Perfluoroelastomer (FFKM) Market by End Use
8.5.1 Automotive and Aerospace
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Energy and Power
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Oil and Gas
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Semiconductor
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Polymer Processing
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2023)
8.5.5.3 Forecast Trend (2024-2032)
8.5.6 Chemical Processing
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2023)
8.5.6.3 Forecast Trend (2024-2032)
8.5.7 Food and Pharmaceutical
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2023)
8.5.7.3 Forecast Trend (2024-2032)
8.5.8 Others
8.6 Global Perfluoroelastomer (FFKM) Market by Region
8.6.1 North America
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2023)
8.6.4.3 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2023)
8.6.5.3 Forecast Trend (2024-2032)
9 North America Perfluoroelastomer (FFKM) Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2023)
9.1.3 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2023)
9.2.3 Forecast Trend (2024-2032)
10 Europe Perfluoroelastomer (FFKM) Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2023)
10.1.3 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2023)
10.2.3 Forecast Trend (2024-2032)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2023)
10.3.3 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2023)
10.4.3 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Perfluoroelastomer (FFKM) Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2023)
11.1.3 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2023)
11.2.3 Forecast Trend (2024-2032)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2023)
11.3.3 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2023)
11.4.3 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2023)
11.5.3 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Perfluoroelastomer (FFKM) Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2023)
12.1.3 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2023)
12.2.3 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2023)
12.3.3 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Perfluoroelastomer (FFKM) Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2023)
13.1.3 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2023)
13.2.3 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2023)
13.3.3 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2023)
13.4.3 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 Seal and Design Inc
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 SA
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 DuPont de Nemours, Inc.
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 Precision Polymer Engineering Limited
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 Others
17 Key Trends and Developments in the Market
List of Figures and Tables
1. Global Perfluoroelastomer (FFKM) Market: Key Industry Highlights, 2018 and 2032
2. Global Perfluoroelastomer (FFKM) Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Perfluoroelastomer (FFKM) Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Perfluoroelastomer (FFKM) Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Perfluoroelastomer (FFKM) Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Perfluoroelastomer (FFKM) Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Perfluoroelastomer (FFKM) Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Perfluoroelastomer (FFKM) Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Perfluoroelastomer (FFKM) Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Perfluoroelastomer (FFKM) Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Perfluoroelastomer (FFKM) Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Perfluoroelastomer (FFKM) Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Perfluoroelastomer (FFKM) Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Perfluoroelastomer (FFKM) Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Perfluoroelastomer (FFKM) Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Perfluoroelastomer (FFKM) Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Perfluoroelastomer (FFKM) Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Perfluoroelastomer (FFKM) Market Structure
Key Questions Answered in the Report
The market is assessed to grow at a CAGR of 2.60% between 2024 and 2032.
The major market drivers include the surging adoption of perfluoroelastomer in the electronics sector and increasing usage in chemical processing industries across the globe.
The key market trends include rapid industrialisation, rising popularity of FFKMs as an alternative seal material, and growing preference for perfluoroelastomers in the aerospace industry.
The various applications of perfluoroelastomer include moulding parts, gaskets, and seals, among others.
The numerous end uses of perfluoroelastomers include automotive and aerospace, energy and power, oil and gas, semiconductor, polymer processing, chemical processing, and food and pharmaceutical, among others.
Perfluoroelastomers or FFKMs are fully fluorinated hydrocarbons whose key trait is the ability to withstand exposure to almost any chemical.
The major difference between FKM and FFKM is that FKM provides a less degree of versatility as compared to that of FFKM.
Fluoro-Elastomer is usually referred to as FKM FPM or as VITON after the popular brand which produces it.
The major regions in the market for perfluoroelastomers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The key players in the perfluoroelastomer (FFKM) market are Seal and Design Inc, Solvay SA, Daikin Industries, Ltd, DuPont de Nemours, Inc., and Precision Polymer Engineering Limited, among others.
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