Fluoroelastomer Specialists
Advancements in automotive, chemicals, and aerospace sectors have led to use of complex machinery, in turn requiring highly specialized and functional materials such as fluoroelastomers. Rampant growth of these end-use industries across the globe is in turn providing major impetus for growth of the global fluoroelastomer market. Asia Pacific is one of the major contributors in the market. This is mainly attributed to the booming automotive industry in the emerging economies such as India and China. In 2016, the Indian automotive industry accounted for total revenue of USS 31.84 billion. This along with the 100% FDI in this sector in the country has attracted investors such as Bosch, Continental Engines, ZF, Aisin Seiki Company, Delphi, FAG, Denso, Magneti Marelli, WABCO, TRW and Valeo. This trend is expected to continue over the forecast period, in turn propelling growth of the fluoroelastomer market.
High initial price is one of the restraining factors for the fluoroelastomer market. Mergers and acquisitions and development of innovative portfolio are some of the key strategies adopted by the top players in the global fluoroelastomer market. In March 2017, 3M signed an agreement with Johnson Controls for the acquisition of Scott Safety. Scott Safety is a leading manufacturer of innovative products such as self-contained breathing apparatus (SCBA) systems, gas and flame detection instruments, and various safety devices that will widen 3M’s product portfolio in safety. Some of the companies operating in the global waterproofing admixture market are E. I. Du Pont De Nemours and Company (U.S), 30+., Asahi Group Holdings, Ltd., Daikin Industries, Ltd., Solvay AG, and 3M Company (U.S)
Read more: Fluoroelastomer Market Latest Advancements & Market Outlook 2017 to 2025
