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Fluoroelastomers market forecast to reach $1.64 billion by 2022

Tuesday, November 14, 2017
Pune, India - The report, "Fluoroelastomers Market by Type (Fluorocarbon, Fluorosilicone, Perfluoroelastomers), End-Use Industry (Automotive, Aerospace, Oil and Gas, Energy and Power, Chemical Processing, Semiconductor, Pharmaceutical and Food Processing), and Region - Global Forecast to 2022," published by MarketsandMarkets, the market is projected to reach $1.64 billion by 2022, at a CAGR of 6.2 percent, increasing from an estimated $1.21 billion in 2017. Fluoroelastomers are mainly used in the production of sealing products, such as o-rings, and seals and 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 and gas, energy and power, and pharmaceutical and food processing industries. 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. Fluorocarbon elastomers are used in sealing equipment and high performance machinery. Due to their high resistance to oxygen, ozone and high temperature compression-set resistance, fluorocarbon elastomers are widely used for the manufacture of o-rings, seals and gaskets. Fluorocarbon seals are used in automotive, aerospace and small industrial equipment, as these are strongly resistant to motor oil and gasoline, thus increasing their demand in the automotive and aerospace industries. The stable performance of fluoroelastomers under extreme conditions enables their use in the aerospace industry. Fluoroelastomers are used in the aerospace industry in o-ring seals in fuel, lubrication and hydraulic systems; in manifold gaskets; fuel tank bladders; firewall seals; engine lube siphon hoses; electrical connectors; shaft seals; traps for hot engine lubricants; and tire valve stem seals. In the aerospace industry, the fluorosilicone elastomer is the most widely used type of fluoroelastomer. It is mostly used in fuel and lubricant contact applications such as fuel line connections and fuel control devices. The growing aerospace industry and unavailability of an ideal substitute for fluoroelastomers in sealing applications is projected to fuel the demand for fluoroelastomers during the forecast period. In the automotive industry, the trend towards reducing emissions and increasing popularity of electric vehicles are estimated to be the most significant driving factors for the fluoroelastomers market. Fluoroelastomers are widely used in various parts of fuel systems of conventional vehicles, and they are also preferred as insulation material for voltage carrying cables of electric cars. Many countries are aggressively promoting the use of electric cars to enable reduction in greenhouse gas emissions. The rapidly growing automotive industry, along with the increasing demand for electric vehicles are projected to boost the demand for fluoroelastomers during the forecast period. Asia Pacific is projected to be the fastest-growing market for fluoroelastomers. China is projected to be the largest market for fluoroelastomers in the Asia Pacific region, while the market in India is projected to grow at the highest CAGR during the forecast period. The increasing demand for high quality sealing materials from various end-use industries, such as automotive, aerospace and semiconductors is expected to drive the growth of the fluoroelastomers market in this region during the forecast period. The key companies operating in the fluoroelastomers market are Asahi Glass Co. (Japan), Daikin Industries (Japan), DuPont (U.S.), Gujarat Fluorochemicals Limited (India), HaloPolymer OJSC (Russia), Shin-Etsu Chemical Co. (Japan), Solvay (Belgium), Chemours (U.S.) and 3M (U.S.). - * Email


This Weeks Headlines - Past 7 Days

Friday, November 17, 2017
Myanmar rubber exports set to rise
Global carbon black market forecast to grow at a CAGR of 4.8 percent through 2024
Lanxess to purchase Solvay's U.S. based phosphorus unit
Continental to invest more than $9 million in its textile reinforcement business in Georgia
Book of the Day - Resistance and Stability of Polymers

Thursday, November 16, 2017
Trinseo starts up new production line at Zhangjiagang, China plant
Registration for the 19th Annual AMAP Conference & Workshop is now open

Wednesday, November 15, 2017
Call for abstracts issued, registration open for the International Conference on Plastics and Rubber Technology Spring 2018
Global silicone defoamers market forecast to reach $16.8 billion by 2025
Dow Chemical announces Evolv3D platform for high-performance 3D printing materials
FDA warns about illegal use of injectable silicone for body contouring and associated health risks
Thai farmers demand all board members of Thai Rubber Authority be dismissed

Tuesday, November 14, 2017
Falken chosen as OEM for the VW Polo
ChemSpec announces exclusive distribution agreement with M&B GreenUS
USW seeks Labor Secretary’s help in dispute with Korean tire company
Fluoroelastomers market forecast to reach $1.64 billion by 2022
Malaysia's natural rubber production fell 12.6 percent in September

Monday, November 13, 2017
Rubber farmers to protest in Bangkok over falling rubber prices
Global rubber machinery market forecast to reach $5.6 billion by 2021
Bridgestone’s foamed rubber technology behind Blizzak studless tire success
TechnoBiz holds Tire Technology training program in Bangkok in December
Songwon Industrial Group releases third quarter results




Todays Headlines



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