Progressive Markets added an in-depth report titled, “Fluoroelastomer Market- Based on Application, Geographical Analysis and Forecast, 2014-2022” that provides business intelligence and detailed information on the current and emerging trends in the fluoroelastomer industry. The fluoroelastomer market forecast is provided for each given segment and is based on the data acquired as a result of the rigorous research methodology adopted by expert analysts.
Fluoroelastomer, also known as fluorocarbon elastomer, is a special-purpose synthetic rubber and offers high resistance to oil, heat, and chemicals. High reliability, along with minimal reactions to environmental changes, makes fluoroelastomers an ideal choice for long term and high-performance applications such as in the industrial, automotive, and aerospace industries. The polymer consists of a strong carbon-fluorine bond, thus imparting a superior oil resistance along with enhanced heat stability. The distinct properties of fluoroelastomer are also obtained owing to the high ratio of fluorine to hydrogen and the absence of unsaturation.
Drivers, Restraints, and Opportunities:
Fluoroelastomers have gained widespread acceptance across various industries in the global market. Several factors contribute to the growth and development of the fluoroelastomer market. Rapid industrialization has led to the exponential growth of the automotive industry. Owing to its accelerated development, the fluoroelastomer industry has witnessed a rise in demand over the last few years. Fluroelastomers possess exceptional sealing and mechanical properties, along with the high resistance displayed when exposed to chemicals and heat. In addition to the exceptional features, the market’s growth is driven by the product enhancement in sealing applications along with the growing demand from the aerospace industry. However, the high cost of fluoroelastomers acts as the major deterrent to the growth of the market. The rise in environmental concerns associated with the use of these polymers is also expected to limit the expansion of the global fluoroelastomers market.
Fluoroelastomer Market Key Segments:
The fluoroelastomer market report analyzes the market based on two major categories- application and geography. Based on the application, the market is further bifurcated into automotive, industrial, aerospace, semiconductor, and oil & gas industry. The market is analyzed across the globe in the regions of North America, Europe, Asia-Pacific, and LAMEA. The fluoroelastomer market volume based on the application and the geographical segment for the duration 2014-2022 included in the report aids in gauging the potential of the market in terms of growth and generation of revenue and helps in determining the prevailing growth opportunities. A major part of the report consists of the historical fluoroelastomer market size (2014-2016) and the forecast (2017-2022).