Fluoroelastomers market forecast at $2 billion by 2030

Covina, CA – Fluoroelastomers Market size accounted for US$ 1.6 billion in 2020 and is estimated to be US$ 2.00 billion by 2030 and is anticipated to register a CAGR of 2.7% according to Prophecy Market Insights. Fluoroelastomers are used as lining material for tanks. Fluoroelastomers are used mostly in automotive industries in fuel systems. Fluoroelastomers are used as envelope material for special types of cables. Fluoroelastomers are used in chemical processing industries which provides protection from corrosion. Viton Extreme ETP-600S is the best fluoroelastomer which offers high resistance to acids, bases, hydrocarbons, ketones, esters, alcohol and other solvents. They are also excellent resistant to high temperature, steam & extreme process conditions and also exhibits compression sets & physical properties. Fluoroelastomers are widely used as a sealing material which gives high performance. Around 60% Fluoroelastomers are used by automotive industries, 17% Fluoroelastomers are used by aerospace industries, chemical & petrochemical industries use 12% of Fluoroelastomers and other industries use is around 11%. Fluoroelastomers are found in variety of different size and shapes. Custom mouldings, caulk sealants, adhesives, gaskets, ‘O’ rings, joints, V-J rings can be made in different size, colors and thickness. Increase in use of Fluoroelastomers in various industries has given boosts to the growth of the market. The prominent players operating in the Global Fluoroelastomers Market includes, Stockwell Elastomerics Inc., Daikin Industries, Vanguard Products Corp., Accutrex Products, The Chemours Company, Greene Tweed, Eagle Elastomer Inc., Dynafluon, 3M, Solvay S.A., HaloPolymer, Air Boss Rubber Solutions, Shin-Etsu Chemical Co. Ltd., James Walker & Co., Honeywell International Inc., Garlock, Standard Rubber Products Co., Asahi Glass Company Ltd., Lauren Manufacturing, Omni Seals Inc., etc.