To read Eagle Elastomer's company response to COVID-19, click here.

Fluoroelastomer Market is projected to reach $1.64 billion, at a CAGR of 6.2% according to a new research report

By March 17, 2020articles, News

Fluoroelastomer Market research report categorizes the global market by End-Use Industry (Aerospace, Oil & Gas, Energy & Power, Chemical Processing, Semiconductor, Pharmaceutical & Food Processing, Automotive), Type (Fluorosilicone, Perfluoroelastomers, Fluorocarbon) & by Geography.

According to the new market research report “Fluoroelastomer Market by Type (Fluorocarbon, Fluorosilicone, Perfluoroelastomers), End-Use Industry (Automotive, Aerospace, Oil & Gas, Energy & Power, Chemical Processing, Semiconductor, Pharmaceutical & Food Processing), and Region – Global Forecast to 2022”, published by MarketsandMarkets™, the fluoroelastomer market is projected to reach USD 1.64 Billion by 2022, at a CAGR of 6.2% increasing from an estimated USD 1.21 Billion in 2017.

Fluoroelastomers are mainly used in the production of sealing products, such as O-rings, and seals & gaskets. Fluoroelastomers are high fluorine containing synthetic rubbers possessing excellent chemical and thermal resistance.

Their ability to maintain elasticity under extreme conditions has increased their applicability in the aerospace, oil & gas, energy & power, and pharmaceutical and food processing industries.

The fluorocarbon elastomer segment is projected to be the largest type segment from 2017 to 2022

Fluorocarbon elastomers are fluorine-containing polymers providing high resistance to varying temperature ranges and chemical inertness against a wide variety of corrosive fluids and chemicals. The cured products have high low-temperature flexibility and low resilience.

Read more: Fluoroelastomer Market is projected to reach $1.64 billion, at a CAGR of 6.2% according to a new research report