Global Fluoroelastomer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fluoroelastomer Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Fluoroelastomers has the characteristics of high temperature resistance, oil resistance, high vacuum resistance, acid and alkali resistance, and resistance to various chemicals. It has been applied to cutting-edge technologies such as modern aviation, missiles, rockets, space navigation, ships, atomic energy, and automobiles, shipbuilding, chemistry, Oil, telecommunications, instruments, machinery and other industrial fields.

Market Overview:

The latest research study on the global Fluoroelastomer market finds that the global Fluoroelastomer market reached a value of USD 1125.03 million in 2022. It’s expected that the market will achieve USD 1769.0 million by 2028, exhibiting a CAGR of 7.84% during the forecast period.

Chemours completes $300mn project, tripling capacity with new Texas factory (2, 13, 2019)

The Chemours Company, a global chemistry firm that owns prominent brands including Teflon, Ti-Pure, Krytox, Viton, Opteon, Freon and Nafion, has announced that its new factory in Ingleside, Texas has commenced operations. The new Opteon low global-warming-potential refrigerant production facility will allow Chemours to triple its global capacity for hydrofluoroolefin products.

SOLVAY TO RAISE TECNOFLON FLUOROELASTOMER FKM CAPACITY IN ITALY (10, 18, 2019)

Brussels S.A. will lift production capacity of its Tecnoflon FKM peroxide curable fluoroelastomer by nearly a third at its plant in Spinetta Marengo, Italy, to serve ongoing strong demand growth for high performance sealing applications in the automotive, oil-and-gas and semiconductor industries. This extra capacity is due to come on stream by May 2021 and follows recent increases at the same site as well as at Solvay’s state-of-the-art Tecnoflon FKM plant in Changshu, China. Solvay, with its unmatched portfolio of Specialty Polymers, also produces Tecnoflon FKM in the U.S.

Region Overview:

Geographically, Asia-Pacific held the largest market share – 49.39% in 2022.

Company Overview:

Chemours Company (Viton) is one of the major players operating in the Fluoroelastomer market, holding a share of 29.32% in 2023.

Chemours Company (Viton)

Chemours is a chemical company that is a global leader in titanium technology, fluorochemical products and chemical solutions, providing customers with industry-defined products.

3M (Dyneon)

3M is a globally renowned US manufacturing multinational company with more than 55,000 products including abrasives, tapes, adhesives, electronics, display products, medical products and home products.

Segmentation Overview:

As for product types, the Fluorosilicone Elastomers segment held the largest market share in 2022.

Fluorocarbon Elastomers

Fluorocarbon elastomers are amorphous polymers that exhibit rubber properties only when crosslinked. Excellent resistance to high temperature and corrosive chemical media.

Fluorosilicone Elastomers

Fluorosilicones are siloxanes containing the lowest intermolecular fluorocarbon groups in all pendant groups.

Perfluoroelastomers

FFKM, also known as perfluoroelastomer, is a class of elastomeric materials that contain more fluorine than FKM and have a higher temperature rating.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Fluoroelastomer market covered in Chapter 3:

AGC Chemicals (AFLAS)
Warco Biltrite
DAIKIN INDUSTRIES, Ltd. (DAI-EL)
Solvay (Tecnoflon)
Jiangsu Meilan Chemical Co., Ltd.
Shandong Dongyue Chemical Co., Ltd.
Gujarat Fluorochemicals Limited
Chemours Company (Viton)
Sichuan Fudi New Energy Co., Ltd.
Zhonghao Chenguang Research Institute of Chemical Industry Co., Ltd.
HaloPolymer
3M (Dyneon)

In Chapter 4 and Chapter 14.2, on the basis of types, the Fluoroelastomer market from 2018 to 2029 is primarily split into:

Fluorocarbon Elastomers
Fluorosilicone Elastomers
Perfluoroelastomers

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fluoroelastomer market from 2018 to 2029 covers:

Automotive
Aerospace
Oil & Gas
Energy & Power
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)