Fluroelastomers are special purpose synthetic rubbers based on fluorocarbons, with superior performance and strong chemical resistance, particularly in high temperature applications. These polymers are also known for their exceptional resistance to a broad spectrum of chemicals and fluids. Fluroelastomers also have strong mechanical and sealing properties. Working temperature range for fluroelastomers stands at -26 C to 230 C. However, they operate at even higher temperatures for short working timelines. Various types of fluroelastomers such as hoses, gaskets, and O-rings are used in key end-user industries such as aerospace and automotive. These polymers are primarily used in seals and barriers, which are subjected to severe environments not suitable for other elastomers. 

Three major types of fluroelastomers are used in the industry: fluorocarbon elastomers, fluorosilicone elastomers, and perfluroelastomers. Fluorocarbon elastomers are widely used in key applications where high temperature ranges and chemical attacks are encountered. High cost and relatively different technology of curing and compounding are some of the primary limitations of the usage of fluorocarbon elastomers, where the cured products usually possess low resilience and low temperature flexibility. Fluorosilicones are primarily consumed in aerospace fuel systems and automotive fuel emission control systems. These elastomers provide high resistance to solvents, and oils and fuels, and also offer high resilience. Perfluroelastomers are specialty high-performance elastomers with high-temperature stability as well as strong chemical resistance properties.

Asia Pacific is witnessing rapid economic growth, primarily due to expansion in automotive and construction industries. Rising construction activities in the region has fueled demand for fluoroelastomer compounds. Asia Pacific is the fastest growing market for fluroelastomers. Additionally, increase in the number of automobile manufacturing companies in the region has boosted demand for fluroelastomers. Economies such as India, South Korea, Japan, and China are driving the demand for fluroelastomers in Asia Pacific due to the presence of large number of electronics and electrical manufacturing companies. The region is anticipated to account for two-fifth share of the global fluroelastomers market over the next few years. North America is the second-largest market for fluroelastomers. Large investments across industries such as aerospace, automotive, and consumer goods is the major factor driving demand for fluroelastomers in North America. The U.S. holds the largest share of the fluroelastomers market in North America in terms of revenue and volume. The global economic slowdown in 2009 affected the automotive industry in Europe. However, countries in Europe are recovering rapidly from the recession. This has propelled demand for fluroelastomers in the region. Europe is one of the largest markets for automobiles. This is likely to boost the demand for fluroelastomers. Improving lifestyle and increasing infrastructural development in developing countries in the Rest of the World are also fuelling the demand for fluroelastomers. The fluroelastomers market in countries in South America, such as Brazil, Paraguay, Chile, and Costa Rica, is expanding rapidly due to growth in the automobile manufacturing industry. Global consumption of key fluroelastomers mentioned above is anticipated to rise at an above average growth rate during the forecast period. Primary market drivers include new product developments in sealing applications for better performance, further strengthening of emissions standards in several industrialized countries, and strong resurgence in global automobile production.

Key players operating in the fluroelastomers market include Solvay S.A., Dow Corning Corporation, E.I. duPont de Nemours and Company, Momentive Performance Materials, Inc., and Wacker Chemie A.G.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Fluroelastomers Market