A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global Fluroelastomers
Market. The
study, titled “Fluroelastomers
Market - Global Industry Analysis, Size, Share, Trends and Forecast
2016 - 2024”,
is available for sale on the firm’s website.
Fluroelastomers
are special purpose synthetic rubbers based on fluorocarbons, with
superior performance and strong chemical resistance, particularly in
high temperature applications. These polymers are also known for
their exceptional resistance to a broad spectrum of chemicals and
fluids. Fluroelastomers also have strong mechanical and sealing
properties. Working temperature range for fluroelastomers stands at
-26 C to 230 C. However, they operate at even higher temperatures for
short working timelines. Various types of fluroelastomers such as
hoses, gaskets, and O-rings are used in key end-user industries such
as aerospace and automotive. These polymers are primarily used in
seals and barriers, which are subjected to severe environments not
suitable for other elastomers.
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Market Research Report @
Three
major types of fluroelastomers are used in the industry: fluorocarbon
elastomers, fluorosilicone elastomers, and perfluroelastomers.
Fluorocarbon elastomers are widely used in key applications where
high temperature ranges and chemical attacks are encountered. High
cost and relatively different technology of curing and compounding
are some of the primary limitations of the usage of fluorocarbon
elastomers, where the cured products usually possess low resilience
and low temperature flexibility. Fluorosilicones are primarily
consumed in aerospace fuel systems and automotive fuel emission
control systems. These elastomers provide high resistance to
solvents, and oils and fuels, and also offer high resilience.
Perfluroelastomers are specialty high-performance elastomers with
high-temperature stability as well as strong chemical resistance
properties.
Asia
Pacific is witnessing rapid economic growth, primarily due to
expansion in automotive and construction industries. Rising
construction activities in the region has fueled demand for
fluoroelastomer compounds. Asia Pacific is the fastest growing market
for fluroelastomers. Additionally, increase in the number of
automobile manufacturing companies in the region has boosted demand
for fluroelastomers. Economies such as India, South Korea, Japan, and
China are driving the demand for fluroelastomers in Asia Pacific due
to the presence of large number of electronics and electrical
manufacturing companies. The region is anticipated to account for
two-fifth share of the global fluroelastomers market over the next
few years. North America is the second-largest market for
fluroelastomers. Large investments across industries such as
aerospace, automotive, and consumer goods is the major factor driving
demand for fluroelastomers in North America.
The
U.S. holds the largest share of the fluroelastomers market in North
America in terms of revenue and volume. The global economic slowdown
in 2009 affected the automotive industry in Europe. However,
countries in Europe are recovering rapidly from the recession. This
has propelled demand for fluroelastomers in the region. Europe is one
of the largest markets for automobiles. This is likely to boost the
demand for fluroelastomers. Improving lifestyle and increasing
infrastructural development in developing countries in the Rest of
the World are also fuelling the demand for fluroelastomers. The
fluroelastomers market in countries in South America, such as Brazil,
Paraguay, Chile, and Costa Rica, is expanding rapidly due to growth
in the automobile manufacturing industry. Global consumption of key
fluroelastomers mentioned above is anticipated to rise at an above
average growth rate during the forecast period. Primary market
drivers include new product developments in sealing applications for
better performance, further strengthening of emissions standards in
several industrialized countries, and strong resurgence in global
automobile production.
Key
players operating in the fluroelastomers market include Solvay S.A.,
Dow Corning Corporation, E.I. duPont de Nemours and Company,
Momentive Performance Materials, Inc., and Wacker Chemie A.G.
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accurate market forecast and analysis on the Fluroelastomers market.
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The
report offers a comprehensive evaluation of the market. It does so
via in-depth insights, understanding market evolution by tracking
historical developments, and analyzing the present scenario and
future projections based on optimistic and likely scenarios. Each
research report serves as a repository of analysis and information
for every facet of the market, including but not limited to: Regional
markets, technology developments, types, applications, and the
competitive landscape.
The
study is a source of reliable data on:
- Key market segments and sub-segments
- Evolving market trends and dynamics
- Changing supply and demand scenarios
- Quantifying market opportunities through market sizing and market forecasting
- Tracking current trends/opportunities/challenges
- Competitive insights
- Opportunity mapping in terms of technological breakthroughs
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
- Middle East and Africa (GCC, Southern Africa, North Africa)
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