Press release
North America Fluoroelastomers Market Growth, Analysis, Share, Trends, Segmentation, Forecast 2030
The growing demand for fluoroelastomers in the automotive industry is driving the North American fluoroelastomers market. These high-performance materials are widely used in fuel system components, seals, gaskets, and hoses due to their exceptional resistance to heat, chemicals, and fuels. According to a report by the European Automobile Manufacturers' Association (ACEA), global passenger car production reached 68 million units in 2022, reflecting a 7.9% increase from 2021. Additionally, the report, released in January 2023, highlighted a 10.3% rise in North American car production, reaching 10.4 million units in 2022 compared to the previous year.
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Segments Covered: North America Fluoroelastomers Market
North America Fluoroelastomers Market By Type
Fluorocarbon Elastomers
Fluorosilicone Elastomers
Perfluorocarbon Elastomers
North America Fluoroelastomers Market By Application
O-Rings
Seals and Gaskets
Hoses
Molded Parts
North America Fluoroelastomers Market By End User
Automotive
Aerospace
Oil and Gas
Semiconductors
Energy and Power
Regions and Countries Covered: North America Fluoroelastomers Market
North America
US
Canada
Mexico
North America Fluoroelastomers Market leaders and key company profiles
3M Company
AGC Inc
Daikin Industries Ltd
Eagle Elastomer Inc
Gujarat Fluorochemicals Ltd
Shin-Etsu Chemical Co Ltd
Solvay SA
The Chemours Co
Rising Demand for Fluoroelastomers in the Automotive Industry Fuels North America's Market Growth
Major automotive manufacturers are expanding production capacities and advancing automotive technologies to enhance efficiency and performance. A key focus is on reducing the size of powertrains, engines, and engine compartments to improve fuel efficiency, along with accelerating the development of electric vehicles (EVs). The evolution of air management systems increases component temperatures and exposes them to corrosive fluids and fumes. Fluoroelastomers, known for their superior heat and chemical resistance, play a crucial role in fuel systems, air management systems, and EV applications. As the demand for high-performance materials in the automotive sector continues to rise, the fluoroelastomers market is experiencing significant growth.
North America Fluoroelastomers Market Overview
In North America, passenger vehicles remain the dominant mode of transportation, with usage increasing alongside rising per capita income. Fluoroelastomers, renowned for their exceptional resistance to heat, chemicals, and fuels, are widely utilized in critical automotive components such as gaskets, seals, and hoses. According to the International Organization of Motor Vehicle Manufacturers (OICA), vehicle production in North America rose by 10%, from approximately 13.5 million units in 2021 to 14.8 million units in 2022. With ongoing advancements and innovations in the automotive industry, the demand for high-performance materials like fluoroelastomers is growing steadily.
The rise of electric vehicles further fuels this demand. According to the International Energy Agency (IEA), electric car sales reached 630,000 units in 2021. Additionally, between August 2022 (following the passage of the Inflation Reduction Act) and March 2023, leading EV and battery manufacturers announced investments totaling at least USD 52 billion in North America's EV supply chain. North America Fluoroelastomers Market are essential in manufacturing critical EV components, including battery systems and electric powertrains, where they provide durability in high-temperature and chemically aggressive environments. Their role in ensuring the longevity and safety of EV systems-by offering reliable sealing solutions for battery enclosures, connectors, and electrical components-makes them indispensable to the growing EV market. Investments from industry giants like General Motors and Tesla are further propelling market expansion.
Foreign automotive manufacturers are also expected to establish a stronger presence in North America, seeking to increase their market share. This trend is anticipated to boost the demand for fluoroelastomers as part of the region's evolving automotive landscape.
Beyond the automotive industry, fluoroelastomers are also highly valued in aerospace applications due to their ability to withstand extreme conditions. Governments across North America have made significant investments in aerospace technology and research. For instance, according to USAFacts, approximately 41% of federal transportation and infrastructure spending in 2021 was allocated to highway transportation, while 19% went to rail and mass transit. North America is home to major aircraft manufacturers such as Raytheon Technologies Corporation, The Boeing Company, and Lockheed Martin Corporation. The expansion of aerospace manufacturing in the region is expected to further drive the demand for fluoroelastomers, contributing to overall North America Fluoroelastomers Market growth.
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