Global Fluoroelastomer Market Report and Forecast 2023-2028

Global Fluoroelastomer Market Report and Forecast 2023-2028


Market Outlook

According to the report by Expert Market Research (EMR), the global fluoroelastomer market reached a value of USD 1.59 billion in 2022. Aided by the superior performance characteristics and burgeoning applications across multiple sectors, the market is projected to further grow at a CAGR of 4.20% between 2023 and 2028 to reach a value of USD 2.15 billion by 2028.

Fluoroelastomers, synthetic rubber-like compounds, are renowned for their exceptional resistance to heat, oil, and chemicals. These unique features render fluoroelastomers essential in environments necessitating sealing and containment of aggressive chemicals and fluids. Frequently utilised in the automotive, aerospace, and chemical processing industries, fluoroelastomers play an indispensable role in ensuring equipment longevity and performance optimisation.

The surging demand for durable and efficient sealing solutions in the automotive sector underpins the fluoroelastomer market growth. As vehicle manufacturers continuously grapple with the challenges of producing fuel-efficient and low-emission cars, the role of fluoroelastomers in fuel systems and engine components has magnified. These elastomers prevent fuel and oil leakage, ensuring optimal engine performance and curtailing emissions, a vital aspect in the era of stringent environmental regulations.

Additionally, the aerospace industry's evolving landscape, marked by an intensified focus on safety, reliability, and efficiency, acts as a catalyst for fluoroelastomer adoption. Given the elastomers' unmatched resistance to extreme temperatures and aggressive fluids, they find widespread application in aircraft sealing systems, hydraulic systems, and fuel tanks, substantially enhancing flight safety and equipment durability.

Another pivotal driver for the fluoroelastomer market expansion is its escalating utilisation in the chemical processing sector. In an industry characterised by the frequent handling and transfer of corrosive and aggressive chemicals, fluoroelastomers serve as the bulwark against potential leakages and spills, safeguarding both the infrastructure and the environment.

Dovetailing this growth is the rise of the electronics industry, where miniaturisation and performance optimisation remain paramount. Fluoroelastomers, owing to their insulative properties, are increasingly integrated into semiconductor production, ensuring that sensitive electronic components remain uncontaminated and function at their zenith. Hence, the increasing demand for consumer electronics is further fuelling the fluoroelastomer market development.

Furthermore, research and innovations have spawned new varieties of fluoroelastomers that cater to niche applications, broadening the spectrum of their utility. For instance, the advent of low-temperature and nano-filled fluoroelastomers is a testament to the industry's relentless pursuit of tailored solutions for intricate challenges.

Market Segmentation

The market can be divided based on product type, application, end-use, and region.

Market Breakup by Product Type
  • Fluorocarbon Elastomers
  • Fluorosilicone Elastomers
  • Perfluorocarbon Elastomers
Market Breakup by Application
  • Diaphragms
  • Valves
  • O-Rings, Seals and Sealants
  • Others
Market Breakup by End-Use
  • Automotive
  • Aerospace
  • Oil and Gas
  • Industrial
  • Others
Market Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global fluoroelastomer companies. Some of the major key players explored in the report by Expert Market Research are as follows:
  • The Chemours Company LLC
  • Solvay S.A.
  • Daikin Industries, Ltd.
  • 3M Company
  • AGC, Inc
  • Shin-Etsu Chemical Co., Ltd.
  • Gujarat Fluorochemicals Limited
  • Eagle Elastomer Inc
  • HaloPolymer, OJSC
  • James Walker Group Limited
  • Dynafluon
  • Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual 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 Fluoroelastomer Market Analysis
8.1 Key Industry Highlights
8.2 Global Fluoroelastomer Historical Market (2018-2022)
8.3 Global Fluoroelastomer Market Forecast (2023-2028)
8.4 Global Fluoroelastomer Market by Product Type
8.4.1 Fluorocarbon Elastomers
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Fluorosilicone Elastomers
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Perfluorocarbon Elastomers
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Fluoroelastomer Market by Application
8.5.1 Diaphragms
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Valves
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 O-Rings, Seals and Sealants
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Others
8.6 Global Fluoroelastomer Market by End-Use
8.6.1 Automotive
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Aerospace
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Oil and Gas
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Industrial
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Fluoroelastomer Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Fluoroelastomer Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Fluoroelastomer Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Fluoroelastomer Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Fluoroelastomer Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Fluoroelastomer Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
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 The Chemours Company LLC
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 S.A.
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 3M Company
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 AGC, Inc
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 Shin-Etsu Chemical Co., Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Gujarat Fluorochemicals Limited
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Eagle Elastomer Inc
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 HaloPolymer, OJSC
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 James Walker Group Limited
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Dynafluon
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market

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