Global Fluorosilicone Market Forecast By 2025 With Top Industry Player Analysis Like - Wacker Chemie, Momentive, Elkem ASA, James Walker, Marco Rubber & Plastics, The Dow Chemical Company, The Keystone Group
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Fluorosilicone rubbers are mostly used in aerospace application where fuel, oil, coolants are present. Fluorosilicone is a widely used elastomer which is used in variety of applications. Fluorosilicone’s mechanical and physical properties are similar to silicone rubber. The report includes market shares of fluorosilicone market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. Global fluorosilicone market report contains data for the historic year 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
The Fluorosilicone Market is expected to reach USD 241.5 billion by 2025, from USD 153.5 billion in 2017 growing at a CAGR of 7.0% during the forecast period of 2018 to 2025. The key players operating in the global fluorosilicone market are –
· The Dow Chemical Company
· Elastomer Engineering Limited
· James Walker
· Marco Rubber & Plastic Products, Inc.
· Silex Ltd.
· Elkem ASA
· Wacker Chemie AG
The other players in the market are Shin-Etsu Chemical Co., Ltd., China National Bluestar (Group) Co,Ltd., DAIKIN INDUSTRIES, Ltd., E. I. Du Pont De Nemours And Company, KCC, Solvay, 3M China Limited, Shanghai 3F New Materials Co., Ltd., WEIHAI NEWERA CHEMICAL Co.,Ltd., NuSil Silicone Technology, Zhejiang Huanxin Fluoro Material Co., Ltd., Fluoron Chemicals., Saint-Gobain S.A., Zeon, LANXESS Corporation, Chenguang Fluoro & Silicone Elastomers Co.,Ltd., Harkesh Rubber Industries., Silica House Pvt Ltd, Prim Rubber Products., Pioneerrubchem, jeweltech.in, JOYTECHPOLYURETHANE, Quality Rubber Components,among others. The global fluorosilicone market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.
· In 2011, LANXESS completely acquired DSM Elastomers. LANXESS was paid around USD 310 million for elastomer business Dutch Company royal DSM N.V.elastomer produced under the brand name Keltan. By this acquisition company enhanced business growth.
· In 2016, Eastern Seals (UK) acquired Seals & Polymers Limited (U.K). Eastern Seals (UK) LTD is one of the leading distributors of hydraulic and pneumatic sealing solutions. By this acquisition company was continued to grow and achieve customer’s approval on high quality of the products.
· As per the Statista in 2016, approximately 70.0% of synthetic rubber is used in all over the world. In 2017, around 13.2 million metric tons of natural rubber 15.2 million synthetic rubbers were consumed in all over the world.
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· Increase uses of automobile in all region
· Rising consumption in emerging market.
· Leading world economic.
· High price of raw material.
· Increasing cost of production.
Segmentation: Global Fluorosilicone Market
By Product Type
· Adhesives & Sealants
By End-Use Industry
· Oil & Gas
· North America
o United Kingdom
o Rest of Europe
o South Korea
o Rest of Asia Pacific
· South America
o Rest of South America
· Middle East & Africa
o South Africa
o Saudi Arabia
o United Arab Emirates
o Rest of Middle East and Africa
Key Insights in the report:
· Historical and current market size and projection up to 2025
· Market trends impacting the growth of the global fluorosilicone market
· Analysed and forecast fluorosilicone market on the basis of type and end use industry.
· Trends of key regional and country-level markets for type and end use industry
· Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis
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